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Your Questions Answered: Should I surrender my life insurance policy?

New Delhi, July 11 -- Q. I am 35 years old and have invested in one LIC Jeevan Anand life insurance policy which has an annual premium of around 16000 annually for a sum assured of 3 lakhs. The term o... Read More


Your Questions Answered: Is financial help from relatives or charities for hospital expenses taxable?

New Delhi, July 10 -- Q. Back-to-back hospitalisation of my family members caused me huge financial loss during the last financial year. I approached a few charitable institutions and some of my relat... Read More


Your Questions Answered: How is capital gains tax calculated when I sell my plot of land?

New Delhi, July 9 -- The profit on sale of a plot of land is treated as long term capital gains if the plot of land has been held for more than 24 months, else the gains are treated as short term capi... Read More


Under construction vs ready to move in property: Key differences every Indian buyer should know

New Delhi, July 8 -- Whether to go for a ready to move in house or book an under construction house? There are many pros and cons involved in both the options. In my opinion going for a ready to move ... Read More


I want to invest in my NRI daughter's PPF-am I eligible for a Section 80C tax benefit?

New Delhi, July 3 -- Q. My daughter is settled in the UK after her marriage in 2021 and is a British passport holder. She had opened her PPF (Public Provident Fund) a/c in 2016 when she was in India. ... Read More


Your questions answered: How I claimed LTCG exemption as an NRI selling agricultural land

New Delhi, July 3 -- Q. I am an NRI. I sold my agricultural land at Pune in November 2023. After consulting my CA., I deposited the indexed capital gain amount in a Capital Gains Account with a nation... Read More


Can I claim short-term capital loss by selling and buying shares on the same day?

New Delhi, July 2 -- Q. To reduce my tax liability on Long Term Capital Gains (LTCG) earned during the year, I plan to sell some shares bought in April 2025 which are now quoted at a far lower price t... Read More


Why you still need a legal opinion when buying property-even with a bank loan

New Delhi, June 30 -- While buying a property one not only uses all his past savings but also commits his substantial future savings, in the form of EMI (Equated monthly instalment) if a home loan is ... Read More


Can I legally pay branch rent to HUF when the property is registered in individuals' names?

New Delhi, June 24 -- Q. I am working as Branch Manager in one of the SBI branches and I have one problem regarding the payment of rent of the building of the branch. Please advise me in this regard. ... Read More


What happens to the tax exemption on NRE and FCNR interest when I become an RNOR?

New Delhi, June 23 -- Q. I have been an NRI for the past 24 years. I have some NRE and FCNR deposits which will mature after 1-April-2026. If I come back to India in July 2025 for good, my residential... Read More