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how is templeton india pension plan ranked ,asfar as retirement planning is considered i want a sip in this...
If your total Indian income from all sources put together is less than Rs. 1,60,000, you need not file a return.
If it is more than this limit, you must file a return. ...
Go for Sundaram Tax saver . Dividend pay out option. Least lock in. Good returns. ...
no, if you have invested all the money received from sell of old flat there is question of capital gain tax. you will be exempted from capital gain tax....
no, if you have invested all the money received from sell of old flat there is question of capital gain tax. you will be exempted from capital gain tax....
I presume you completed all the formalities stated in my message dated 11th August. 2009.
If you have followed those steps, if any TDS has been deducted and deposited with Government of India, then, it will show up definitely in your name with the PAN registered.
If not, please check with your employer whether he has deducted any TDS at all. (I presume he has not deducted.).
Now, if your total income during a year is more than 1,50,000 then only you have to file a return. If it is under Rs. 1,50,000 do not worry. Forget it.
If your total income for current financial year would be more than 1,60,000, only then, you have to file a tax return. If not, forget it and do not worry.
If it will be more than Rs. 1.60 lakhs during 2009=2010, then approach your employer and ask him to give you a certificate of deduction.
Based on that and after verifying with TIN-NSDL, you can file your returns. If still facing problem, get back to me.
Very best wishes....
Hello Friends,
I wish to invest for tax planning. I have to invest about 55,000 for this year in order to complete 1 lakh limit.
I should have invested more in tax saving mutual funds in July 09 but that time being cautious I just put in 5000.
Now tell me when shall I invest in tax saving mutual funds now or shall i wait untill Feb 2010.
What do you think will be the scene in Feb 2010?
Or Shall I avoid mutual funds and go for PPF/tax saving FDs?
Please advice.
Regards,
Deepak B
Pune
...
sir,
I have registered in tin site and found that there is no tax credit in my name, what can i do now , please reply ...
Dear Friend, Plz. note that Gift Tax had been abolished long back in the year 1995. So there is no question of gift tax. Father-son relationship is recognized in Income Tax Act, 1961 to give tax free gift.
So no income tax also on this gifted amount.
Yes in case, ur son earns some Taxable income from this gifted amount (for example interest from bank FD of this 1L Rs.) & his total taxable income with this taxable amount is more than zero tax limit, he `ll have to pay his income tax as per his normal tax slab rate.
If there is no other taxable income of ur son, no income tax at all on the taxable income from this gifted amount.
Thanks
Ashal...
In case if husband and wife have sold their houses and purchase a common bigger home on their joint names in a co.op.hsg socity for them nnd family. usuing all the money they received from sell of their houses, Are they both entitled for getting exemption from Income tax on Capital Gain Tax ? Or they must purchase seperte houses? ...
I have Rs.25000/- interest from NRO account & short term Capital gain of 15000/- whether as an NRI I have to file return? ...
i have gifted 1,00,000/- to my son. whether any gift tax has to be paid my son or myself...
i purchased my first property in2004 and got possession on march 2007.after that i sold that flat in may2009 and invested the entire proceeds in a new resale flat with agreement in october 2009.am i liable to pay capital gains tax?...
the total profit arising out Day Trading in Stock is it added to your income and taxed according to your tax bracket .....
Yes . What ever profit/loss you make in day trading that will come as short term gain or loss....
