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Investing in tax-free government bonds: What you need to know

New Delhi, Nov. 2 -- I want to invest in government bonds. Are those tax-free? What plans are available for tax-free interest? I want to invest for 7 -10 years. The government of India has not issued... Read More


Should you transfer fixed deposits to a HUF account?

New Delhi, Nov. 2 -- I am a retired bank employee. My total annual income is around 15 lakhs, which is comprised of a pension, LIC annuity, rent on house property, and interest on fixed deposit. I get... Read More


Claiming home loan tax benefits on multiple properties in India: What you need to know

New Delhi, Nov. 2 -- I own a house in Rajasthan, for which I took a loan. The loan has been paid up substantially. I have been living in Haryana for the last four years. I want to buy one more house h... Read More


Understanding capital gains calculation on inherited property: Key considerations for selling a plot of land

New Delhi, Oct. 31 -- My late father bought a plot of land in 1999. The exact cost he paid is not available. He gifted it to me in August 2022 through a duly executed gift deed on which proper stamp d... Read More


Can I offset Long Term Capital Gains (LTCG) with the previous year's losses?

New Delhi, Oct. 31 -- I have brought forward long-term capital loss from last year, which is eligible for offset against the current year's long-term capital gains. During the current financial year, ... Read More


Sovereign Gold Bonds: Understanding income tax exemption on early redemption of SGBs

New Delhi, Oct. 12 -- I had invested in Sovereign Gold Bond (SGB). I opted for early redemption after the completion of five years. Are the profits made on such early redemption also tax-exempt, like ... Read More


Navigating TDS claims: Options after late ITR submission

New Delhi, Oct. 9 -- My HUF had filed its income tax return (ITR) for the A.Y. 2024-25 on 1.08.2024. So I was late by one day. The income was below the exemption limit. In the ITR, I mistakenly forgot... Read More


Understanding long-term capital asset status for allotted land after 10 years

New Delhi, Oct. 9 -- An application was made to the housing board for allotment of a plot of land in 2014, and application money of Rs.1 lakh was paid. By 2015, the allotment was confirmed through a l... Read More


Remitting money to India: Are funds taxable for you or your brother?

New Delhi, Oct. 8 -- I have been working in the US for many years. I want to remit some money to my brother in India. Are these funds taxable in my hands or his? I have already paid tax on the money h... Read More


Tax implications of property gift and sale explained for family members

New Delhi, Oct. 2 -- My mother-in-law owns the residential property where we all reside. My husband passed away last year, leaving behind a daughter and a son. The daughter is now 21 years old, and th... Read More