How to Compute Tax In Case You Have Agricultural Income?

While clubbing the agricultural income with non-agricultural income for tax purpose , whether non- agricultural income to be taken at gross income or net...

Is Interest On NRE Fixed Deposit Taxable?

US dollars earned as NRI was converted into rupees and deposited in the bank within 3 months of arrival in India for the fixed...

Can Claim Of Deduction /Exemption/Refund Be Made After Lapse of More Than Two Years?

Only way to claim back a tds or tax is by filing a return and claiming the refund. In many cases, tax payer for...

What is The Basic Exemption Limit of Tax For Non Resident Woman or Sr....

I am a lady and an NRI . I have a property in India from which I have rental income of Rs.1.5 lakhs per...

Is Internship Earning Taxable ?

While studying at IIM last year, I did a 2 months internship in London and earned about 7000 pounds which I spent there. I...

What Should I Do To Reduce Tax On Sale Of Agriculture Land?

I have sold an agriculture land which was bought by me in 1989 .I have sold it in June 2007.Is it compulsory that further investment...

Is Savings Out Of Daily Allowance Taxable?

Our company has joint Venture with Japanese company. Sometimes, we go to Japan for short durations. We get the Salary in India, as well...

Will I Get Exemption u/s 54 For Buying Commercial property?

I have an apartment in Bangalore. I bought it in Sept. 2001 but got the possession in Jul, 2002. I purchased it around 21L...

How to Make Gain On ESOP Shares Sale Tax Exempt?

ESOP has come into focus once again on account of its inclusion as benefits chargeable to fringe benefit tax. To know more about...

When Is Exemption u/s 54F Not Allowable?

Capital Gains exemption u/s 54F is available to a person when a person sells any long term asset other than residential house.The law u/s 54F provides...
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