Q.What is the amount of Relief U/s 87 A for FY 2016-17?
Ans.The rebate U/s 87 A shall be Rs.5000 for the financial year 2016-17. To get further information about the section … Read more
Q. Fixed or floating rate of interest for home loans-Which is better ?
Ans. In case of home loans, fixed rate of interest is one where the interest rate remains constant during the … Read more
Q.What is the minimum lockin period for ELSS ?
Ans.The minimum lockin period for ELSS is 3 years from the date of investment. For further details refer blog on … Read more
Q.What are various ways to invest in Gold ?
Ans.Besides,investing in jewellery,one can invest in gold in the following ways : Gold ETFs Gold coins and bullion Gold mutual … Read more
Q.What are other short term investment options other than FDs ?
Ans.Investing in FDs has been a traditional method of saving by Indians.But, there are numerous other ways to invest your … Read more
Q.What amount of Home loan deductions can be claimed for FY 2016-17 ?
Ans.The deduction for home loan can be claimed under 3 different sections as follows : For further details regarding Home … Read more
Q.Mrs.Roshni receives FD interest of Rs.14500 in FY 2015-16.Can she claim deduction U/s 80 TTA?
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
Q.Mr.Raj received a gift from a friend on the occasion of his marriage.Is it taxable?
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
Q.What is the new service tax rate and from when it is applicable?
Ans.The new service tax rate @15% is applicable from 1st June 2016.This includes Service tax @ 14%, Swachh Bharat Cess … Read more
Q.How to invest to buy a car in next 3 years ?
Ans.Buying a car in the next 3 years, is basically a short term objective that can be achieved by investing … Read more