sgupta 1

• asked Jun 13, 2012

Taxability of leave encashment during second employment

tax free limit for leave encashment is INR 300,000 for whole life , at the time of leaving of company if employee will ask for leave encashment benefit how employer will check whether employee has already exhausted his/her INR 300,000 limit...

section-10-10aa tax-deduction non-taxable leave-encashment

0 votes

1 answers

2008 views

mjcaresu 1

• asked Jun 12, 2012

Canara Robeco Gold Saving Fund

i want to invest in Canara Robeco Gold Saving Fund in sip way (500 or 1k/month) whts ur advise??

gold-investment gold-mutual-fund systematic-investment sip

0 votes

1 answers

1112 views

shagoyal 1

• asked Jun 11, 2012

tax on long term capital gains if zero income

My uncle purchased one plot in 1989 in ~ Rs 20000. Now he is not earning anything and has to sell the plot. He will be getting ~Rs 300000 (3 lacs) by selling the plot. Please let me if he has to pay tax at 20.6% for the long term capital ga...

taxable-income long-term-gains income-tax

0 votes

1 answers

1096 views

rajendra_n 1

• asked Jun 11, 2012

children's plan

Dear Sir I have taken TATA AIG's Star Kids policy, annual premium is Rs 50K applicable for 10 year. Is it a good policy to have or can I look at other instrument such as PPF for my kid. This is a regular insurance plan and not linked to MF....

insurance-plan child-insurance financial-planning

0 votes

1 answers

1174 views

Arun 1

• asked Jun 9, 2012

Tax on FD returns

Dear Mr. Pankaj, I come under 20% tax bracket as per my salary, and TDS has already been deducted by my employer. During Apr 2011 to Mar 2012, my savings bank account show TDS deduction @ 10% against interest earned on Fixed Deposit (FD). N...

late-tax-payment fixed-deposit tax-deduction income-tax-return tds income-tax

0 votes

1 answers

2442 views

Ramanarayanan 1

• asked Jun 8, 2012

Section 54 for long tern capital gain

QUESTIONS: 1. After selling the only residential house at Chennai, I am buying a land in Yercaud and constructing a house purely for self residential purpose. Also buying a flat in Chennai jointly with my wife, which is also for self occupa...

residential-property section-54 capital-gains

0 votes

1 answers

1226 views

Madan Kumar 1

• asked Jun 7, 2012

Computation of CG on sale of flats obtained vide land development agreement

Sir I bought a housing plot in 2001 for a consideration of Rs 3 laklhs. I gave the land in 2011 to a builder with a development agreement wherein 2 flats of 1550 sq feet each will be my share after development. Presently the development is ...

builder-agreement development-agreement long-term-gains capital-gains

0 votes

1 answers

1827 views

ABK 1

• asked Jun 7, 2012

Ecnr process under tatkaal.

hello, I need a quick response regarding ecnr process.I m applying for ecnr under tatkaal service.Do I need to carry verification certificate of an IPS officer when going to psk for applying..Is it mandatory for ecnr service as well.

ecnr

0 votes

1 answers

1151 views

vignesh 946

• asked Jun 7, 2012

Abt getting one property in mother s name

Hi Pankaj One property (house) inherited from my grandfather to father we are goi to sell it. and we are goi to buy a new house . this is in my father s name. Now my mother wants to buy the new house either jointly (mom + papa) or only in m...

inherited-property joint-owner long-term-gains income-tax

0 votes

1 answers

1082 views

HRIM 1

• asked Jun 6, 2012

Gratuity eligibility

Sir, One of our employee completed 6 years of service in our company. However, she had a break in her service during the 5th year, as she decided to extend her maternity leave for another 3 months. So, for that 3 months other than maternity...

leave-without-pay gratuity-calculation maternity-leave

0 votes

1 answers

795 views