New Delhi, Aug. 24 -- If you are a resident of India, all your global income, wherever received, becomes taxable in India, subject to the provisions of a double tax avoidance agreement. In case no suc... Read More
New Delhi, Aug. 23 -- I took a housing loan from HDFC in 2022 to purchase a Flat and have been claiming a rebate on the Interest component under Sec 24 and the Principal Component under Sec 80C while ... Read More
New Delhi, Aug. 20 -- I own a house which is self-occupied. My wife is a homemaker and stays with me with no income except interest on bank deposits. She also owns a small house in a town about 50 km ... Read More
New Delhi, Aug. 17 -- I am 78. I sold a shop I purchased in 1999 for Rs.2.40 Lakh and spent Rs.1 lakh on better looks and convenience in 1998. I am planning to sell it for Rs.18 lakh in August 2024. C... Read More
New Delhi, Aug. 16 -- I am a salaried worker in the private sector. I am interested in saving for my eight-year-old son. I am confused between ULIP and traditional insurance company plans. Please guid... Read More
New Delhi, Aug. 16 -- I have turned 50. I have been investing in equity mutual funds for various goals. At what age should I switch from equity to debt? This is a critical question for which differen... Read More
New Delhi, Aug. 9 -- Though income tax laws generally do not differentiate between a resident Individual taxpayer and a non-resident taxpayer, certain tax benefits/concessions are available to a resid... Read More
New Delhi, Aug. 4 -- My father-in-law had a residential house in Jodhpur. He had eight children. After his death, my wife got 1/8th share in 2010. She passed away in 2017, and after her death, ownersh... Read More
New Delhi, July 25 -- Finance Minister Nirmala Sitharaman has proposed drastic changes in capital gains taxation. This article will discuss budget proposals related to the taxation of equity market tr... Read More
Budget 2024, July 25 -- The Capital gains sphere has become very complicated due to amendments made in isolation over the years in laws relating to holding periods and taxation of various asset classe... Read More