GSL 1

• asked Oct 11, 2012

Tax implication on withdrawal of amount from NPS Tier-II account

I would like to understand the tax implication of withdrawal done from NPS Tier-II account. Following is the scenario I am looking at: 01-April-2010: Invested Rs.6000 in Tier-II account 01-April-2011: Invested Rs.6000 in Tier-II account 01-...

nps-tier-ii withdrawal-amount income-tax

0 votes

1 answers

2106 views

Yatin 16

• asked Oct 11, 2012

Term Plan Online

Hello, I want to buy a good Term plan online Age:-30 yrs, married, salaried Sum insured:- 50 lakhs - 75 Lakhs Term - 30 years or more. There are few plans like religare which are quite cheap as compared to other products but i want to know ...

online-term-insurance term-insurance life-insurance

0 votes

2 answers

1331 views

amyags 31

• asked Oct 10, 2012

Mututal fund for child education

Please let me know the best term insurance plan and some best of debt mutual funds for my child education of 20 years duration.

child-education term-insurance mutual-fund life-insurance

0 votes

2 answers

1469 views

anand19779 16

• asked Oct 10, 2012

Tax Residency Certificate - TRS

Hello Pankaj, While making payment to a company situated outside India against purchase of electronic goods, is it mandatory that we need to get the Tax Residency Certificate (TRS) from the payee?

tax-residency-certificate overseas-payment

0 votes

1 answers

1034 views

sarat 1

• asked Oct 9, 2012

Home loan interest

Dear Sir, I availed home loan for the purchase of flat under construction. Since the construction is not completed, I am residing in rented house. Can i claim both (Home loan interest & House Rent) to be deducted for tax computation. re...

income-tax-deduction home-loan-interest house-rent-allowance home-loan

0 votes

1 answers

1004 views

ratna40 1

• asked Oct 9, 2012

Long time capital gain excemption

In respect of part sale of combined house property of 2 sisters. please inform us whether the following are eligible for capital gain excemptions as cost of improvements & developments: 1. Amount incurred for partition deed 2. Amount fo...

expenses-inclusion long-term-gains capital-gains

0 votes

1 answers

1255 views

vgupta_2002 1

• asked Oct 8, 2012

Reclaim the PF deduction

Hi, I worked for an Organization (with their own PF Trust) from 1st dec 2006 to 7 nov 2011. After leaving the job (for personal reasons), i applied for withdrawal of PF in may 2012 and got both the PF as well as EPS portion in next 2 months...

tax-deduction income-tax-refund income-tax-return epf-claim

0 votes

1 answers

7724 views

Ramakrishnarao 1

• asked Oct 8, 2012

Revised IT return

Hi Pankaj, I am a pensioner from AndhraPradesh state government.1)What is my employer category? I selected "OTH" while filing my original return on 29thAug2012.Is it correct choice? 2)I forgot to declare part of interest income while filing...

employer-category form-26as pension-income income-tax-return

0 votes

1 answers

1569 views

Ravi_Kumar 1

• asked Oct 3, 2012

Monthly Income deposit schemes -- Advice please

Hi, I am planning to fixed deposit Rs 5,00,000/- on my kid's name and the interest I get on every month will be invested into mutual funds in SIP mode for next 5 years. Can you please suggest me wether my approch is correct, and also sugges...

systematic-transfer-plan stp systematic-investment fixed-deposit sip mutual-fund

0 votes

1 answers

1305 views

Rupesh Vyas 1

• asked Oct 3, 2012

LTA Policy

@ Pankaj : I travelled by "air" from Bangalore to Jaipur ( air travel ) where train connection is avilable From jaipur to Abu Road i travelled by "Taxi" ( where train is avilable ) At bangalore used Taxi to go to airport from home and back ...

income-tax-benefit lta-claim leave-travel-allowance

0 votes

1 answers

1638 views