infrastructure bonds
You should ensure that several deductions available in the form of Section 80C where a sum of Rs 1.5 lakh is available plus under Section 80D for payment of health insurance premium is taken. Also if you have a housing loan then Rs 2 lakh of interest paid during the year would be available as a deduction and hence all these should be taken if these are possible.
rajesh1115: I am going to gift my spouse INR 48000 this FY. How do i claim an exemption on this amount?
Amount gifted to a spouse and then invested would result in the income arising from this being added to your income. There is no implication from the first gift to the spouse but if this leads to some income then this would be clubbed.
sudhirsahu: Sir, I bought REC tax free bonds for 2 lakhs one month before the interest payout date. And sold the bonds few days after that for about 1.94 lakhs. I assume there would be no tax on the interest paid out since it is tax free bonds. And there would also discount patagonia boots3be npatagonia store palo altoo capital gains as my sell value is less than the buy value. I have NRE account. Some year i complete NRE days and some year not able to do that. Our job is day rate basic cdiscount patagonia bootsontract job. The contract maximum valid for 60 Day. Salary earned approx 18 Lacs / PA.
My Salary came USD from Singapore / Africa / Dubai.
As i heard there is some low which is called NRE Labour Act , which said If the job is contract basic and you earn Foreign currency and you not able to complete NRE days then also you not need to pay TAX on your Income. But you have to pay tax on Interest from your your Income amount. Is that True ?
Should i Pay Tax 33% those years which i not able to complete NRE days ?
You should consult a practising chartered accountant with the exact details of your situation for each particular year to ensure that the exact position on the tax front can be known and the tax implication details are worked out.
nuvneet: Sir , I wish to buy a flat of around Rs.
Amount that is taken as a loan would not be considered as inpatagonia az ranch for salecome and hence there wodiscount patagonia boots2uld not be any tax implication of this move. Also if the amount is taken as a gift from your brother then this would fulfill the condition of being a relative and hence this would not be considered as income.
khalaskhalsa: Hi, I had invested in MF through SIP of Rs 1000/ for 13 months starting from july 2012. After that I stopped SIP and kept money for one more year. I redeem all units on sept 2014 after completing more thpatagonia outlet store xmlan 1 year on all SIPs. Do I need to pay tax on my return. If No, upatagonia outlet store 711nder which section I will take exemption on it.
Do I need to mention this while filling IT return of this year. Please epatagonia argentina farms for salexplain.
The tax on the gains that have been made on the mutual fund investment depends upon the nature of the fund where the investment has been made. If the fund is an equity oriented fund then the tax rate on long term capital gains will be zero per cent. yards situated now within Municipal Committee area purchased by my father in or about 1959 at a cost of Rs.1600 each. I propose to sell the plots for a sum of around Rs. 10 Lacs. Kindly advise me the LTCG tax liability and how can I save by investing the amount.
For computing capital gains in discount patagonia boots0case the property is acquired through inheritance, thpatagonia everlong review filme cost to the previous owner is taken into account. However in case the asset is acquired prior to 1st Aril 1patagonia everlong review of iphone981, you have the option to take the market value of the sdiscount patagonia boots1ame as on 1st April 1981 in stead of the cost to the previous owner. Since your father had bought the plots in 1959 it is beneficial for you to take the market value of the plots as on 31st March 1981 as your cost. Going by the way the law is worded toady the your indexed cost of acquisition will be calculated by taking the cost inflation index for the first year. Ypatagonia guide jacket germanyou have two options to save the capital gains. Under first option you have to either purchase a residential house property within a period of two years from the date of sale of the plots or construct a residential house property within a period of three years from the date of sale of the plots. For claiming the exemption, you have to invest the sale consideration for residential property. The maximpatagonia guide pants lineum investment in a year can not exceed Rs. 50 lacs. These bonds have a lock in period of 3 years from the date of acquisition. The investment in bonds has to be made within a period of 6 months from the date of sale of the plots.
Income chargeable to tax is computed after deducting the following: 1. Expenditure incurred during the previous year wholly and exclusively for the pu.
