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    Aditya Agarwal

    Aditya Agarwal

    Sr Derivative Analyst

    Way2Wealth

    12:21 pm | 18 Sep 2014 |

    Here are Aditya Agarwal's trading ideas

    Watch the interview of Aditya Agarwal, Way2Wealth with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specifi...
    Jitendra P.S.Solanki

    Jitendra P.S.Solanki

    Investment Adviser & CFP

    JS Financial Advisors

    05:13 pm | 10 Sep 2014 |

    Mutual Funds or ETFs: Which one suits you?

    mutual funds have been the main medium of investing and so the bigger question which will arise is – should one invest through mutual funds or ETFs? It’s d...
    Sanju Verma

    Sanju Verma

    CEO & MD

    Violet Arch Cap

    10:01 am | 18 Sep 2014 |

    Oct events litmus test for Nov upswing: Sanju Verma

    Verma is upbeat on Lupin despite its continuous run, but has reservations about Sun Pharma.
    Suresh Sadagopan

    Suresh Sadagopan

    Founder

    Ladder7 Financial Advisories

    05:18 pm | 10 Sep 2014 |

    When should you buy your retirement home?

    Retirement is another aspect that talks to the deeps. People want to have enough in retirement so as to be able to live in comfort. People dread the possibility...
    Hemant Thukral

    Hemant Thukral

    National Head- Derivative Desk

    Aditya Birla Money

    09:57 am | 18 Sep 2014 |

    7850-7800 may be tested, short BHEL on rise: Hemant Thukral

    Watch the interview of Hemant Thukral of Aditya Birla Money with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on mark...
    Anil Rego

    Anil Rego

    CEO & Founder

    Right Horizons

    03:22 pm | 08 Sep 2014 |

    Demystified: SIPs & long term returns

    Investing in equity is one of the best way to have a good returns on one's investments over a period of time (i.e. long term).
    Sudarshan Sukhani

    Sudarshan Sukhani

    Technical Analyst

    s2analytics.com

    08:57 am | 18 Sep 2014 |

    Here are Sudarshan Sukhani's top trading ideas

    Watch the interview of technical analyst, Sudarshan Sukhani of s2analytics.com with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. He shared his reading and out...
    Balwant Jain

    Balwant Jain

    CFO

    Apnapaisa.com

    03:25 pm | 08 Sep 2014 |

    Tax provisions for under-construction properties

    Nowadays people prefer booking under-construction properties due to rate difference as compared to ready-to-move-in property and ease of payment.
    Ambareesh Baliga

    Ambareesh Baliga

    Market Analyst

    Independent

    10:10 am | 18 Sep 2014 |

    Sell only when Nifty breaks 7850; like infra, power: Baliga

    Baliga, however, suggests selling PSU banks and realty stocks on correction. He does not see any recovery in listed realty companies over the next 12 months.
    Arnav Pandya

    Arnav Pandya

    Financial Advisor & Writer

    03:21 pm | 08 Sep 2014 |

    Conditions on which gift tax is calculated

    There are several conditions that are applicable when it comes to the calculation of gift and the levy of the tax on the amount that has been received by the in...
    Kunal Bothra

    Kunal Bothra

    Sr Technical Analyst

    LKP

    01:27 pm | 17 Sep 2014 |

    Here are Kunal Bothra's top trading ideas

    Watch the interview of Kunal Bothra of LKP Securities with Sumiara Abidi & Reema Tendulkar on CNBC-TV18, in which he shared his readings and outlook on market a...
    Anil Pharande

    Anil Pharande

    Chairman

    Pharande Spaces

    03:19 pm | 08 Sep 2014 |

    PCMC's golden location matrix widens into Pune

    While real estate is a constantly changing and evolving concept, some parameters remain constant – the three success mantras are still Location, Location and ...
    Sanjay Sinha

    Sanjay Sinha

    Founder

    Citrus Advisors

    11:17 am | 17 Sep 2014 |

    See Nifty at 11K by Dec 2015; midcaps to outperform: Citrus

    "The PSU banks have been very strong performers, but they will be one of the sectors which will underperform in the correction in case it is to happen to 7850 o...
    Rajiv Raj

    Rajiv Raj

    Founder & Director

    Creditvidya.com

    10:31 am | 08 Sep 2014 |

    Bharat Bill Payment System: How can it benefit consumers?

    For beginners it makes sense to understand how BBPS work. It all begins with individuals paying bills to multiple service providers – be it an electricity bil...
    Amit Gupta

    Amit Gupta

    Head- Derivatives

    ICICIdirect.com

    09:39 am | 17 Sep 2014 |

    Here are Amit Gupta's top trading ideas

    Watch the interview of Amit Gupta of ICICI Direct with Latha Venkatesh and Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and s...
    Kishor Pate

    Kishor Pate

    CMD

    Amit Enterprises

    10:34 am | 08 Sep 2014 |

    Affordability, connectivity drive property demand in Undri

    Increasingly, property buyers in Pune are seeking flats that can meet all of their families' requirements, offer convenient access to their workplaces and are a...
    Dipan Mehta
    Dipan Mehta, member, BSE & NSE, says the market is running way ahead of its fundamentals and valuations are stretched.
    Deepak Yohannan

    Deepak Yohannan

    CEO

    MyInsuranceClub.com

    10:37 am | 08 Sep 2014 |

    Do high claim settlement ratios guarantee claim payment?

    Claim settlement ratio in the case of life insurance refers to the number of claims that the insurer has paid following the death of policyholders. Thus, if a l...
    Vineet Bhatnagar

    Vineet Bhatnagar

    Managing Director

    Phillip Capital

    09:00 am | 17 Sep 2014 |

    7830 to be Nifty base now; like Cipla, Escorts: Phillip Cap

    Vineet Bhatnagar recommends avoiding infrastructure and power space midcap stocks and suggests selling them on any uptick.
    Amit Trivedi

    Amit Trivedi

    Author & Founder

    Karmayog Knowledge Academy

    05:33 pm | 04 Sep 2014 |

    Should you book profit when market hits record high

    One has to be careful not to sound like predicting the downfall of the market or a further rise, since one does not know the future. Experience suggests that ma...

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    Diipesh Bhagtani

    Executive Director, Jaycee Homes

    Om Ahuja

    CEO - Residential Services, Jones Lang LaSalle India

    Subhash Lakhotia

    Tax Consultant

    Anil Rego

    Founder and CEO, Right Horizons

    Lovaii Navlakhi

    MD & Chief Financial Planner, International Money Matters

    Arnav Pandya

    Financial Planner

    Balwant Jain

    CFO, apnapaisa.com

    Suresh Sadagopan

    Certified Financial Planner, Ladder7 Financial Advisories

    Umesh Rathi

    CFPcm, Arihant Capital

    Questions & Answers

    Q

    mohanlal52: Sir. I have inherited 2 adjoining residential plots of 200 sq. yards situated now within Municipal Committee area purchased by my father in or about 1959 at a cost of Rs.1600 each. I propose to sell the plots for a sum of around Rs. 10 Lacs. Kindly advise me the LTCG tax liability and how can I save by investing the amount. Thanks Mohan

    A

    Balwant Jain

    CFO, apnapaisa.com

    For computing capital gains in case the property is acquired through inheritance, the cost to the previous owner is taken into account. However in case the asset is acquired prior to 1st Aril 1981, you have the option to take the market value of the same as on 1st April 1981 in stead of the cost to the previous owner. Since your father had bought the plots in 1959 it is beneficial for you to take the market value of the plots as on 31st March 1981 as your cost. Going by the way the law is worded toady the your indexed cost of acquisition will be calculated by taking the cost inflation index for the first year. You have two options to save the capital gains. Under first option you have to either purchase a residential house property within a period of two years from the date of sale of the plots or construct a residential house property within a period of three years from the date of sale of the plots. For claiming the exemption, you have to invest the sale consideration for residential property. So the amount of exemption from long term capital gains available here shall be in the ratio of the amount invested which bears to the amount of full sale consideration.The second option to salve the capital gain arising on transfer of plots is to invest the indexed capital gains in specified bonds (NHAI/REC). The maximum investment in a year can not exceed Rs. 50 lacs. These bonds have a lock in period of 3 years from the date of acquisition. The investment in bonds has to be made within a period of 6 months from the date of sale of the plots.

    A

    Balwant Jain

    CFO, apnapaisa.com

    For the current financial year 2014-2015 you can avail the tax benefits in ELSS and RGESS and claim the tax benefits.. However, the tax benefits for RGESS is subject to the following conditions:This scheme is available only for new retail investors (who has not made any transaction in the equity/derivative segment)Your gross total income does not exceed Rs. 12 lakhInvestment is made in listed equity shares or units of equity oriented mutual fundInvestment is locked in for a period of 3 yearsYou can avail the tax benefit for RGESS under Section 80 CCG for r 3 consecutive years beginning from the year in which these investments were first made.

    A

    Balwant Jain

    CFO, apnapaisa.com

    The profit on sale of plot of land shall be taxable in India even though you are non resident Indian (NRI) as the capital gains has accrued in India. Since you have held the plot for more than 36 months, the profits on sale of the plot shall be treated as Long term capital gains which will be the difference between sale consideration and indexed cost of acquisition. As part of the payment has been made by your father, for the purpose of calculating the gain, you cost will be restricted to the sum contributed by you. Capital gains will be divided in the ratio in which you both have paid for the plot. As far as tax liability is concerned it does not make any difference whether the money was paid from your regular account or your NRO account. The benefit of indexation shall be available you from the date of payment in case of the installments paid at different times. You can save the capital gains if you invest the sale proceeds for purchase/construction of a residential house property or invest the indexed capita gains in capital gains bonds of Rural electrification Corporation (REC) or National Highway Authority of India. In case you do not want to invest money either in house or in bonds, you will have to pay tax @ 20.6% on the indexed long term capital gains so calculated.

    A

    Balwant Jain

    CFO, apnapaisa.com

    You can claim the HRA exemption while filing your return of income. For the purpose of computing the exemption, basic salary received from each employer shall be considered separately for the respective period against the rent paid for the relevant period. Please note you can claim the HRA exemption only and only if you are staying in a house and paying a rent which is not owned by you. Please preserve the rent receipts for the HRA claims, which the assessing officer can demand at the time of assessment in case your case is selected for detailed scrutiny.

    A

    Balwant Jain

    CFO, apnapaisa.com

    No, exemption in respect of long term capital gains can only be claimed only in respect of purchase of one residential house property so you will be able to claim the exemption only to the extent of Rs. 10 lakhs. Amount invested on development of an existing property is not eligible for long term capital gains exemption.

    A

    Balwant Jain

    CFO, apnapaisa.com

    The long term capital gains arising on sale of residential property which are re-invested for either purchasing or constructing a new residential property can be claimed as exempt if he new property is purchased within two years from the sale of the original property or was purchased one year before date of sale of the asset. Moreover you can get a residential house property constructed within a period of three years from the date of sale of the original assets. There is no restriction on your son becoming a co-owner with his bank loan, as long as your investment in the property is at least equal to the indexed long term capital gains on sale of your old residential house property. In case the property being sold is other than a residential house property then you are required to invest the sale consideration in stead of the indexed gains.

    Q

    naveenkumar7676: R/Sir I ma handicapped person (70%) working in PSU I want to know that is any tax on encashment of leave ? and how many tax concession for handicapped person for 2013-14. I also want to know that how i can save 2000 extra & whitch section

    A

    Balwant Jain

    CFO, apnapaisa.com

    Leave encashment received during the continuance of service is fully taxable. It is exempt only in case the same is received by you on retirement either on reaching your age of superannuation or leaving the job under any other circumstance.As far you second query is concerned, you are eligible for a deduction of Rs. 50,000/- due to you being handicapped under Section 80 U. However, if you are a person with severe disability, you will be entitled for an enhanced deduction of Rs.1,00,000/- Please note this deduction is available only if you are a resident in India. To claim this deduction, you are required to furnish a copy of the certificate issued by the medical authority in Form 10-IA along with the return of income. This form can be downloaded from the below link:http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/itr62Form10IA.pdfAs far as your last query is concerned, you can claim a tax rebate of Rs. 2000/- under section 87A if your gross total income (without claiming any deductions) does not exceed Rs. 5,00,000/-

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