ask02 16

• asked Jun 5, 2012

SELLING SINGLE HOUSE PROPERTY AND BUYING TWO HOUSE PROPERTIES

Dear Sir, Kindly enlighten me whether I can buy two house properties in the joint names of self and my son or daughter (former or survivor) from the sale proceeds of single house property held by me, one from LTCG component and another from...

house-property long-term-gains section-54 income-tax

1 votes

1 answers

1058 views

beautybeast 1

• asked Jun 5, 2012

term insurance help

buying online term policy is cheaper compared to other ones. LIC is more costlier if i compare. Which type of term policy i should choose?

online-term-policy insurance-plan lic-insurance term-insurance life-insurance

0 votes

1 answers

1494 views

zipzapzoom 1

• asked Jun 4, 2012

AMOUNT OF TAX EXEMPTION

DEAR SIR, MY FATHER IS A SENIOR CITIZEN AND DOESNT HAVE ANY SOURCE OF INCOME SINCE 2000, MOTHER WAS STATE GOVT EMPLOYEE AND RET IN YEAR 2011. SHE IS GETTING PENSION AND HE IS GETTING INTEREST FROM THE FD (WHICH IS NOT MORE THEN 6000/- PER M...

senior-citizen

0 votes

0 answers

1742 views

xnitinx 1

• asked Jun 1, 2012

Investment on property on son's name

My son is purchasing other property at some location. Is it possible that I sell of one of my existing residential plot and to save long term capital gain, give money to my son?

gift-to-son residential-plot tax-saving ltcg

0 votes

1 answers

1160 views

KKA 1

• asked May 31, 2012

Should I file taxes

Hi, I have a PPF account in India. I was Resident until the AY 2011-12. However in AY 2012-13 I am an NRI.As ,now, I am married staying in US. But I am not working here. But I want to continue investing in PPF. So I have only Deductions U/s...

ppf-account section-80c nri

0 votes

1 answers

1359 views

Singh 1

• asked May 31, 2012

Capital Gains from commercial property

A unit bought in 1996 for Rs 513000 vide registered sale deed was sold in 2011 for Rs 4410000. There are two aspects that are confusing & need help on. Firstly the said property was registered as a Unit in 1996 no specified use mentione...

long-term-capital-gains commercial-property

0 votes

1 answers

963 views

aiswarya 1

• asked May 30, 2012

Service tax exemption for small scale service providers

Sir, A small scale service provider whose turnover for the period 10-11 is 1050000, and the total receipts against the amt is 900000. For the financial year 11-12 the total turn over of the service provider becomes 1500000. Please tell on w...

service-tax

0 votes

1 answers

1789 views

rabnawaz 1

• asked May 30, 2012

Which mutual fund shall I purchase?

Hi. I have just completed my 5 year ULIP plan from Aviva and infact showing up losses and withdrew the amount. One of my friend suggested me to invest in Mutual funds since I am not interested in Life insurance. I now wanted to invest in mu...

ulip-plan mutual-fund tax-saving life-insurance

0 votes

2 answers

2031 views

HRIM 1

• asked May 30, 2012

Petrol reimbursement ceiling amount

Sir, Regarding Petrol reimbursement- To claim tax exemption, Is it like 21600/- (1800*120) for a year and employee shall furnish the bills worth this amount anytime within the financial year. Or upto 1800/- only every month... This question...

petrol-reimbursement car-reimbursement income-tax

0 votes

1 answers

1822 views

vipulturakhia 1

• asked May 29, 2012

TAX refund

This was regarding my In laws IT return. They have filed the IT return On line, as for Assessment year 2009-10 we havent got the refund from department. As per the IT return filed and 26AS the refund is Rs 62K. Had enquired with the local I...

nsdl-issue refund-reissue form-26as income-tax-refund

0 votes

1 answers

1218 views