Is interest exemption on housing loan tax exempted even if possession of...
I have taken an house loan from HDFC in 2009-10 but the flat will be given posseion only in July 2010, although EMI has already commenced. Can I claim tax exemption in this year on the interest, though...
View ArticleValidity of Sale Deed – executed jointly by holders of Life Interest & vested...
Will executed by A – bequeathing Life Interest in a property to his wife B and vested reminder with absolute rights to his son C. A died. Validity of sale jointly by B and C.
View ArticleWhether interest paid on loan taken from foreign bank for management studies...
For management study in OXFORD University loan was taken from Bank at USA (as banks in India did not grant loan for want of security like house property/land) for which interest is paid to such bank....
View ArticleI have 25 lakhs but I don’t want to invest in business. I’m looking for a...
I am bit confused. What are the best investment plans? And what about fix deposit, will I have to pay income tax on F.D ?
View ArticleIs the interest earned on Mutual funds tax free?
If a person is investing in Mutual funds (other than ELSS) for a long term say 3 years. Is the interest earned and principal in this way tax free?
View ArticleI and my wife jointly owns a house. But the interest payment is from my...
Who can claim deduction U/s 24 (1) (vi) ? My wife does not contibute for repayment of loan and repayment is done only from my income. But since the property is in joint name, her name is also included...
View ArticleTax Rebate on interest paid for two flats?
I have purchased two attached/connected (registered seperately) flats at west bengal after taking loans from two different banks. none of the flat is put on rent. I am working in faridabad, other than...
View ArticleIncome Tax Exemptions – Interest received from Savings Bank Account?
During the Assessment Year 2013-14, interest received from Savings Bank Accounts upto Rs 10,000 is exempted from levying income tax. Am I right? Will anybody please clarify?
View ArticleIs home better or Loan against property better? Are the rates of interest...
I want to buy a 3 bedroom house and i have a old 2 bedroom house which i thought i can mortgage?Would it be better to apply for a new home loan or should i mortgage the old property?
View ArticleMortage tax deduction interest?
I live in USA. I have a property in India. I pay mortage for it. Every month I pay the EMI in india by transferring to india. May I claim the interest paid in USA while filing 1040. I have called IRS...
View ArticleHow to calculate interest on service tax? what is the interest rate? ?
we are paying service tax quarterly i.e 5th of every quarter ( 5th july,5th oct,5th jan) as we are proprietary and partnership organisation
View Articlewhere i can get loans against my property with cheaper interest rates in...
i want cash loans against my residential property in chennai for cheaper interest rates for starting a small business
View ArticleHow does a man borrow money fro F.I. on the mortgage of his property, for...
If above the required valuation how much percent can we get and the pay back time limit.?
View ArticleDo I need to declare Income tax on Domestic fixed deposit interest earned?
I am working in singapore and placed 10 lakhs in domestic fixed deposit scheme with Indian Bank in India. Am I chargeable for the income earned thro interest?
View ArticleIs it possible to avail income tax rebate on previous year’s unclaimed home...
As per income tax guidelines, interest accrued on a home loan is permissible for deduction whether paid or not. I have a house building allowance in which I repay only the principal amount. I would...
View ArticleTax deductions on student interest loan payments outside India?
I make loan interest payments to financial institutions in the U.S. for student loans that I took for graduate studies in the U.S. I currently work in India. Am I eligible for tax deductions in India...
View Articleinterest on income tax not to be paid?
whether Income tax department has issued any notification that no interest is to be paid on the income tax payable by any person for returns filed upto 30th september, 2007?
View Articlehow to calculate interest on nsc purchase in 2009-10 for taking its benefit...
what is the annual interest on NSC purchased after 1st april, 2009 to have relief from income tax
View ArticleWhat is the return per month if I invest 1000000 in fixed deposit?What is the...
I don’t have any other source of income and have only planned to live on the interest ?
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