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Income tax return (ITR) filing 2024: How to show accrued interest on bank fixed deposits (FDs)?

New Delhi, May 11 -- The interest certificate received from the bank for Fixed deposits indicates interest in two categories for the Financial Year 2023-24. Interest credited to the savings account du... Read More


Income tax: Home loan benefits when two houses are self-occupied

New Delhi, May 4 -- I own two houses. Both are taken on housing loans. I stay in the first house, and my parents remain in the second house. Can I take tax benefits for both properties? Can I also ava... Read More


How to claim refund for tax deducted on fixed deposit interest by the bank?

New Delhi, May 1 -- My mother is a senior citizen. She has some fixed deposits with a bank and had earned interest of Rs.3.30 lakh, which crossed the income tax exemption limit of Rs.3 lakh. So she de... Read More


What things do I need to consider for buying a critical illness insurance plan?

New Delhi, April 30 -- Iam 28 and earning Rs.6 lakh annually. I have term insurance of Rs.60 lakh. I also have health insurance of a family floater of Rs.5 lakh covering me, my wife and our 3-year-old... Read More


Income tax benefits on second home loan - Explained

New Delhi, April 20 -- I have taken a home loan in May 2022. I got possession of the flat in March 2024. I will get the income tax benefits in respect of interest paid as well as the principal amount ... Read More


How to calculate income tax benefits on home loan EMIs - explained

New Delhi, April 16 -- With skyrocketing prices of houses, an average person can't buy a house without taking a home loan. In this article, we will discuss various aspects of tax benefits available fo... Read More


How the profits on sale of inherited shares will be taxed?

New Delhi, April 16 -- I have inherited some shares which are in demat mode. I have no idea what was the purchase price of these shares. If I sell these shares in the market, then how to calculate lon... Read More


Can I claim capital gains exemption for consolidating multiple properties into a single residential property?

New Delhi, April 11 -- I am sellingthree residential house properties all during the financial year2024-25. My aggregate indexed long-term capital gain fromthe sale of all three properties is Rs.95 la... Read More


Home loan for under-construction property: Will I get income tax benefits?

New Delhi, April 4 -- I wish to obtain a home loan for booking an under-construction property. Can you please guide me on how to go about it? When would I be able to get the tax benefits for the home ... Read More


Legal Dilemma: Rights of widowed daughter-in-law in coparcenary inheritance - Explained

New Delhi, March 28 -- Can a widowed daughter-in-law demand her share or dissolution of her father-in-law in which her late husband was a coparcener? Under Hindu Law, two categories of members consti... Read More