I am a 65 years old man.I was a govt.employee.I have fixed deposit in a national bank about Rs 60,00,000.All these from my own savings.Every year I fill up 15H form and submitt to the bank.Do I have to pay tax from the interest earning.Please inform.Thank You.
Dear Sir, I am new to share trading. Can you please explain me how to calculate tax? What is speculation profit/loss, short term capital gain and long term capital gain? When calculating tax, what should to be done with brokerage, delivery charges, taxes & lot charges?
Hi Vikas, I have two questions. 1) Me and my wife are coapplicant for the home loan but the property is registered on my name. now, can I modify the registry to include my wife name, so that she can also take the tax benefit? (Currently the registry is with the bank.) 2) Let say, if I am paying 3Lacs annual interset on home loan, so can me and my wife could share 1.5L each. or there is some upper limit?
I paid around 350000 interest on housing loan in this year, next year also I'll have to pay around 320000/- interest. We get tax relaxation up to rupees 150000/-, one of my friend informed me that if I give my home on rent then I will be benefited. But I did not understand the calculation and the rule. Lets say I'm paying 320000/- interest pa, so on 150000/- i do not pay tax and hence still the rest amount is 170000/- and lets say if I earn 120000/- from rent then i'll not be taxed on 120000/- and shal only pay pax on rupees 170000-120000=50000/-. is that true?
Iam doing intraday trading for some time and in past 4 months I have incurred losses from both F&O and Equity(cash) segments jointly and no profits at all. Can I get tax exemptions for both? Thanks in advance!
what are the best ways to save tax. I am repaying my educational loan upto Rs 40k annually and LIC premium of RS 22k. what are the other possible ways (with good return) which i can add to show my saving upto 1 lakhs.
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