Pankaj Patil 1

• asked Sep 19, 2012

Exemption u/s 54f or Business income?

I had been inherited with an agricultural land which I had converted to Non-agricultural plots in 2009 and then I had sold some of the plots to more than one person (different-different purchaser) in 2009, 2010, 2011 & 2012 (the major s...

multiple-sales plot-sale section-54f income-tax

0 votes

1 answers

1020 views

bbejasmine 1

• asked Sep 19, 2012

Income Tax on Education Loan

I have taken an education loan on my name but every month the instalment gets debited from my fathers account and i deposit the money in my fathers account. now i want to know whether i will be eligible for tax saving under section 80 for t...

section-80e education-loan income-tax

0 votes

1 answers

1250 views

anand19779 16

• asked Sep 18, 2012

Import export documentation

Hi Pankaj, is "Bill of Entry" (BOE) a compulsory customs document required to apply for payment in India? In other words, if I am importing an item into India and if I want to make payment in advance to the supplier, do I need a BOE in orde...

import-documentation

0 votes

0 answers

960 views

roshh 1

• asked Sep 18, 2012

Need Advise!!

I'm NRI, i've an excess amount of Rs. 1 Lac which i dont need for another 1-2 years. i'd like to invest this sum in SBI Magnum FMCG (D) fund coz. for the last 5 years fund has given very good returns compared to other large & mid cap eq...

sbi-magnum-fmcg investment-advise mutual-fund

0 votes

1 answers

907 views

NRIPIO 16

• asked Sep 18, 2012

LT/ST gains on Sale of Equity shares

Hi Pankaj, I have been accumulating equity shares of few companies since 1.5 years. I am a NRI and have a NRI-PIS account. I have never done buy/sell on same day as this is not allowed for NRI-PIS. I have a few queries related to sale of th...

classify-capital-gain sell-shares

0 votes

2 answers

1256 views

Deepa 1

• asked Sep 18, 2012

ITR1 & ITR -4 ??

Dear Sir, I found this site really helpful and informative. I tried to search answer to my question in this site and other sites as well but not succeeded. My question is " A person is employed and getting monthly salary but apart from that...

insurance-commission part-time insurance-agent itr4 income-tax-return

0 votes

1 answers

1593 views

Chairman 16

• asked Sep 18, 2012

Tax on FD interest for homemaker wife from money transferred by salaried husband

Case : Husband is a salaried person with TDS and wife is homemaker (no employment). Husband's salary (after TDS) gets credited monthly to a joint (Husband + Wife) savings bank account, say. AC-1. Husband then transfers some amount (say 5 la...

gift-to-wife fixed-deposit bank-interest income-tax

1 votes

1 answers

6446 views

Hemant K 1

• asked Sep 18, 2012

national pension scheme

We are planning to have corporate model of NPS. The question is "Employee and Employer has to contribute in same percentage or only employer can contribute that means employee will not contibute anything.

employee-contribution employer-contribution new-pension-scheme nps

0 votes

1 answers

1144 views

vignesh 946

• asked Sep 17, 2012

Query on PPF

Dear Pankaj, I have a PPF account and I have read Your PPF post also. My father is 51.and my mother is 45. Now my father falls under first slab . He is receiving govt pension and some interest from fixed deposit which will come under the ta...

ppf-account provident-fund tax-exemption

0 votes

1 answers

1285 views

vignesh 946

• asked Sep 17, 2012

Mutual fund investment Via direct plan profitable

Dear Pankaj, I am investing with distributor. He s currently not charging anything for me. But the latest circular of sebi states that there will be two plans direct plan with the AMc and fund buying via distributor from the jan 2013 I want...

franklin-mutual-fund hdfc-mutual-fund direct-investment mutual-funds

0 votes

1 answers

1746 views