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Your Queries

Q.What are other short term investment options other than FDs ?

July 20, 2017May 23, 2016 by Harleen Kaur

Ans.Investing in FDs has been a traditional method of saving by Indians.But, there are numerous other ways to invest your … Read more

Categories Your Queries

Q.What amount of Home loan deductions can be claimed for FY 2016-17 ?

August 18, 2016May 22, 2016 by Harleen Kaur

Ans.The deduction for home loan can be claimed under 3 different sections as follows : For further details regarding Home … Read more

Categories Your Queries

Q.Mrs.Roshni receives FD interest of Rs.14500 in FY 2015-16.Can she claim deduction U/s 80 TTA?

July 20, 2017May 21, 2016 by Harleen Kaur

Ans.No,since it is FD interest, Mrs.Roshni cannot claim deduction U/s 80 TTA.This deduction is available only on interest earned on … Read more

Categories Your Queries

Q.Mr.Raj received a gift from a friend on the occasion of his marriage.Is it taxable?

June 18, 2016May 21, 2016 by Harleen Kaur

Ans.No,a gift received from a friend on the occasion of marriage is not taxable in the hands of recipient.Hence,gift received … Read more

Categories Your Queries

Q.What is the new service tax rate and from when it is applicable?

June 18, 2016May 21, 2016 by Harleen Kaur

Ans.The new service tax rate @15% is applicable from 1st June 2016.This includes Service tax @ 14%, Swachh Bharat Cess … Read more

Categories Your Queries

Q.How to invest to buy a car in next 3 years ?

June 18, 2016May 21, 2016 by Harleen Kaur

Ans.Buying a car in the next 3 years, is basically a short term objective that can be achieved by investing … Read more

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