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Nothing is Tax-Free!
Many people earn a lot from interest on fixed deposits, recurring deposits and savings accounts. Is it necessary to declare interest earned in income tax return? How will the interest received from FD be taxed? What action can be taken if interest income is not shown in ITR?
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Got Bonus? Pay Tax Now!
Employees get gifts or bonuses on Diwali, but many people are unaware about the associated tax rules? How much tax is levied on the bonus received from employer on Diwali? When and how much tax is levied on office gifts?
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No HRA, Get Tax Breaks This Way!
Did you know you can get tax exemptions on house rent even if you don't receive HRA from your employer!
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Tax Breaks on Loan From Parents!
Can a father give a home loan to his son to buy a house? Can the son avail tax exemption on the home loan taken from his father? What things will be required for availing tax exemption?
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When Are Wedding Gifts Taxed?
The bride and groom receive many expensive gifts at the wedding. What tax is to be paid on wedding gifts? When will tax be imposed on wedding gifts?
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Buy House, Save Tax!
How are earnings from assets like shares or mutual funds taxed? How to save long term capital gains tax under Section 54 and Section 54F? What things should be kept in mind while filing for tax exemption?
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Know This Before Buying SGBs!
The Reserve Bank i.e. RBI issues sovereign gold bonds on behalf of the government. How is Sovereign Gold Bond better than gold? What is the tax on interest received from Sovereign Gold Bond? What will be the tax on pre-mature redemption of gold bonds? How much tax will be charged on the money received on maturity?
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No Tax Rebates Here!
Alimony is an important aspect of the divorce process. In such a situation, it is important to understand how alimony is calculated? When will the alimony received from husband after divorce be taxable? How will the wife not have to pay tax on alimony?
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Son Earns, Father Taxed!
Generally you have to pay tax on your earnings. But sometimes such a situation arises that you have to pay tax on someone else's income also. This is called clubbing of income. What is clubbing of income? When may you have to pay tax after gifting property to your son?
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Worried About PF Interest?
Last year's interest has not yet been received in the Employees Provident Fund i.e. PF account. Due to this, crores of account holders are disappointed. Do you know when and how interest is added to PF account?
