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F.A.Q. on Indian Income Tax Laws!
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A blog to refer as solution to your problem about Indian Income Tax Laws. Readers can also ask question on Income Tax. The format of blog is kept as F.A.Q .
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Don't Attach TDS / TCS Certificate With Return!
A News You Can Use.CBDT has issued a circular to mitigate the problem faced by tax payers while filing return . That the Return is annexure less was made clear earlier , however because of an amendment in section 139(9) , it was amended that the TDS/...
8 Answers You Must Know To Claim Deduction For Medical Insurance!
Hello, My question is regarding the Deduction under section 80D for Premium paid on Medical Insurance. I work for an IT company, and the company has a tie up with a health insurance company to provide coverage for me, wife and kids, the premium for w...
Is Resident Sr.Citizen Liable To Tax On LTCG Below Exemption Limit?
My father is a senior citizen with no source of income,recently he sold one of his house properties and has some capital gain income.I would like to know if the minimum limit of Rs 1,95,000 is applicable while calculating tax from income on capital g...
Can Only Wife Show Rent Even If The House Is Jointly Held With Husband?
I'm a Govt. Servant and my wife is a housewife. I have purchased a flat in joint name, i.e., I'm the owner and my wife is a co-owner. We are planning to rent the flat and need following clarifications:1. Can rent be paid in my wife name?2. In the Inc...
When A Wife Can Not Be Taxed For Her Earning?
I am a resident Indian, housewife, not employed. For FY 2007-08, I received an amount more than Rs.1,45,000 from my husband, who is an NRI, as gift through regular banking channels, all of which I have invested in shares. I have sold off some of thes...















