| Name: srinivasan
Email: srinivasan.sgopalakrishnan@wipro.com |
| Message: Hi,
I am planning to gift a jewellery worth Rs.50,000 to my mother. I hope I can get tax exemption for it. While filing the returns, under which category should I include this amount so that it gets deducted from my gross income and which "form" (like Form 15G) should I submit for this purpose?
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| Name: knarayan149
Email: knarayan149@yahoo.co.in |
| Message: Individual income & h.u.f income consisting of rent, agriculture, interest. will be both clubbed in itr2. previously i have separate return & pan no |
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| Name: bhaskar1967
Email: bhaskar1967@yahoo.co.in |
| Message: In case of multiple PPF accounts (self, wife, minors etc) what is the limit of investment in each account. Will it be limited to a total of Rs 70,000/- or will it be Rs 70,000/- for each account. |
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| Name: a_prasun
Email: a_prasun@hotmail.com |
| Message: Dear sir
I have income from salary and a housing loan. which form to fill ITR-1 or
ITR-2.
Prasun
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| Name: johnmen
Email: johnmen@sancharnet.in |
| Message: I hold shares in a Pvt Ltd Co. For all practical purposes the company is defunct. However one of the directors is willing to buy my portion of the shares. If I were to sell these shares, what will the accounting treatment be? |
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| Name: sgovila
Email: sgovila@rediffmail.com |
| Message: I own a house in Delhi for whose purchase I had taken a loan. Is it better for me to show it as self-occupied or rented? I get a rent of Rs 2100 pm on it and pay a EMI of Rs 6222 pm on it? Secondly, I am acquiring another house through loan. Will I get any tax benefits on it? Its EMI will be about Rs 16400 pm. |
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| Name: sarthak
Email: sarthak.c@gmail.com |
| Message: I am a salaried person. I purchased a plot at Rs. 3,70,200/- in March 2002. I now (Aug 2007) plan to sell it at about Rs. 10,00,000/-. I like to know (1) what is the income tax on the capital gain. (2) The plot is registered jointly with my wife who is a house wife having little income. Can I reduce my tax liability if the sell proceeds is equally shared by us? (3) How do I pay the advance tax? |
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| Name: mandapaka
Email: mandapaka_saisha@rediffmail.com |
| Message: I am a regular reader of your fabulous magazine. Thanks to your magazine for being the guide in my investment planning.
My portfolio consists of predomintly MF's and ULIPS. I have an NRE joint account with my wife. Can I invest on MF's on my wife's name? She does not have any income. How can I show this investment in my IT returns? Will it be considered as a gift? If so, what are the tax implications? Please advise if these investments can be clubbed in my tax returns under the provision of gift. |
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| Name: bajrangw
Email: bajrangw@drreddys.com |
| Message: How to skip income tax?
I want advice on how to invest the money for saving the taxes.
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| Name: pichappan
Email: pichappan.chidambaram@db.com |
| Message: I would like to know, how an NRI can file a return? What are all the steps involved?
I have PAN card.
I prefer to do online filing
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