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
New Delhi, March 23 -- I am planning to buy a residential property from a person who is a resident of Australia for Rs.75 lakh. I understand that since the sale consideration exceeds 50 lakhs I have t... Read More
New Delhi, March 12 -- I booked a residential apartment in March 2021 and paid Rs.50 lakh ( Rs.18 lakh down payment + 38 lakh home loan), which is being sold for Rs.95 lakh now. The apartment is now r... Read More
New Delhi, March 8 -- I presume that it would be legal for taxation purpose in case we form a HUF with the following structure as we have 2 coparceners. Father - Coparcener - Karta Mother - Member ... Read More
New Delhi, Feb. 27 -- I intend to make a gift of Rs.1 lakh to my adult daughter. What will be the tax implications of this gift for me as well as my daughter? Do I need to follow any procedure for mak... Read More
New Delhi, Feb. 23 -- My grandmother is a senior citizen and wishes to gift me money in cash. Can she gift me in cash? If yes, is there any limit under the Income Tax Act or any other law? There is n... Read More
New Delhi, Feb. 22 -- I understand that interest from a post office savings bank account is first included as income under the "income from other sources" and then the deduction is available u/s 80TTA... Read More