swapansen 1

• asked Sep 14, 2012

Income tax on money inherited on death of a parent

My dear Pankaj, My wife was a joint holder of a fixed deposit opened by her mother (a senior citizen) as the first holder. Unfortunately her mother recently expired before maturity of the fixed deposits. No income tax was ever payable as th...

inherited-money fixed-deposit income-tax

0 votes

1 answers

2760 views

Rocky 11

• asked Sep 13, 2012

LTA Claim for 2012-13

Hi Pankaj Sir, i have below doubt in claiming LTA.Could you please advise me? i am working and staying in Hyderabad with my Wife.(My Home Town is Chandigarh) My parents stay in Chandigarh but for past 3 months they are staying with my broth...

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

0 votes

1 answers

1239 views

Amanvats 1

• asked Sep 13, 2012

How to Save Capital Gain On Residential Property

Dear Sir,I have sold a plot in July 2012 for a sum of Rs. 89 Lac, which was purchased in July 2003 for a sum of Rs 966875/-(Rs.855000/-cost of plot and 111875/- as registry fee)and registered in my name as first owner and my wife as co owne...

section-54f residential-plot long-term-gains capital-gains income-tax

0 votes

1 answers

4013 views

amyags 31

• asked Sep 13, 2012

Portfolio for child education

Hi, I have following portfolio for my child education and my retirement as am 29 year old, please let me know you thoughts over my portfolio: PPF (8000 PM) RD (6000PM) FD (75K) Gold ETF (3000 PM) Stocks (30K, HDFCBANK, IDFC, HINDPETRO) Mutu...

mutual-funds investment-plan financial-planning children-education retirement-plan life-insurance

0 votes

1 answers

1739 views

Kabdule 1

• asked Sep 12, 2012

Multiple Visits to USA on B1/B2 Visa in Short Intervals

I've travelled in June-12 for 3 weeks, my employer is planning for my next travel in this month for the same location. Is there any specific time interval is required between 2 visits? Let me know your suggestion. Thanks in Advance!! :)

usa-visa business-visa

0 votes

1 answers

1871 views

tushar 1

• asked Sep 10, 2012

Tax Calculation

Hi I want to plan for reducing my income Tax as much as I can. I need your help here. My CTC is 1350000 and I have done my 1 Lakhs Rs of 80C Investments. In addition to this I will be submitting rent Slips & 15K Rs of Medical bills also...

tax-deduction tax-exemption income-tax

0 votes

1 answers

1076 views

Devaraj 1

• asked Sep 10, 2012

ECNR Stamp in passport

my passport issued on 28/10/2006 now i got job in OMEN my consultant asked ECNR Stamping. But my passport 2 page is blank. please help me what to do?

ecnr-stamp emigration-check

0 votes

1 answers

1372 views

singham 1

• asked Sep 10, 2012

Tax Implication On Sales of One Property To Repay Home Loan of Second Property

Hi, We bought/booked a flat in October 2006 from a builder and paid 95% at that time. The builder gave possession of the Flat in July 2011 (Paid the balance 5% in June 2011 before possession as per builder demand/sale agreement). Cleared al...

loan-repayment property-sale section-54 capital-gains home-loan income-tax

0 votes

1 answers

3798 views

arunkl 1

• asked Sep 10, 2012

income tax on leave encashment at the time of retirement

I am a CPSU ( BHEL ) employee. Is the leave encashment for CPSU employee tax free OR I have to pay the tax on it??

tax-deduction leave-encashment income-tax

0 votes

1 answers

2547 views

Mahesh Gurav 1

• asked Sep 8, 2012

Builder denying possesion of flat on issue of VAT

HI , I have purchased flat In pune in dec-2009 which is registered on 01-Jan-2010.After many promised dates(Verbally Oct-10,written in agreement-Apr11,again got letter that due to unavailibilty of sand possession is delayed tillOct-11) fina...

builder-possession maharashtra-govt value-added-tax residential-flat

0 votes

1 answers

1634 views