Resident Individuals & HUFs
LIC premiums for parents
Submitted by elcom_manish on Wed, 07/28/2010 - 15:07Can I claim Tax exemption for the LIC premiums that I have paid for my parents u/s 80C ?
ITR-4 and taxgain mutual fund exemption?
Submitted by pradheesh on Mon, 07/19/2010 - 12:51My salary is above 160k. So I have taken taxgain mutual fund for the excess amount in the financial year.
So where can i fill this info of tax-gain mutual fund in the ITR4 return form?
Do i have to insert the dividend I got from tax-gain mutual fund and add it to income?
profit/Loss from Future /option in e - return
Submitted by paresh54 on Thu, 07/15/2010 - 23:52I have filled up a return online but there is no place to show Profit/Loss on Future /option (Share) .Can I show it through 'select' of Elaggan . If it is yes , can I show it in short term capital gain ?
Income Tax on Money given by Mother to Daughter
Submitted by prasanna31 on Wed, 07/07/2010 - 14:47Hi,
exemption u/s 10(23C)(vi)
Submitted by ashish2005 on Mon, 05/31/2010 - 14:02I f an application is moved to CBDT / CCIT, under section 10(23C) (vi) and if no reply is received , can we take that the application is accepted . if yes, when ( duration). i.e. after what period the application can be presumed to be accepted??
IT department rejecting the proof with post marriage name
Submitted by kadatiya on Mon, 05/24/2010 - 23:07Hi,
I am a salaried person, having no income other than the salary.
Recently I got notice from the IT department demanding additional tax for assessment year 2008-2009. I noticed that IT department rejected my proof for the Housing Loan benefit. This is because my name in the Housing Loan Certificate is my post marriage name, while I am filing tax with my
epf : withdrawal before 5 years
Submitted by deepakgoyal on Wed, 05/19/2010 - 15:07Hi,
I have worked in a company for 2 years. The new company does not have PF account.
So i do not have option to transfer my pf account to that company.
What are the taxation rules for epf withdrawal before 5 years? Will it attract straight 30 % tax or it will depend on my annual income?
Personal Loan
Submitted by kunalb on Mon, 05/17/2010 - 19:011) If a daughter takes a loan from father and pays back the loan to her father in monthly installments, can she avail any tax deduction from her salary?
2) If so, what will be the percentage of tax deduction?
3) Will she have to declare for what purpose she is taking the loan?
4) For which purposes are such tax deductions applicable?
Persoanl Loan
Submitted by kunalb on Mon, 05/17/2010 - 18:551) If a daughter takes a loan from father and pays back the loan to her father in monthly installments, can she avail any tax deduction from her salary?
2) If so, what will be the percentage of tax deduction?
3) Will she have to declare for what purpose she is taking the loan?
4) For which purposes are such tax deductions applicable?
Shares capital gain and ITR-2 column?
Submitted by ashok1234 on Sun, 05/16/2010 - 18:34Shares capital gain and ITR-2 column?
I have sold few shares as per following details
1. 10 units with holding of 9 months (Gain 15,000)
2. 15 units with holding of 15 monts (Gain 25,000)
I want to know what tax rates are applicable of these gains
and in which column/schdeules these gains have to be shown in ITR-2
