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Tax Talks

68 posts

Get all your income tax and GST-related questions answered by our experts under this weekly category.

Dearness allowance

Tax Query: Tax benefit on interest paid on education loan allowed under IT

My 24-year old son wants to pursue higher studies in the UK.…
Dearness allowance

Tax Query: How to report loss on ESOPs in the income tax return?

Mr Sumit has suffered a short-term loss of Rs 1 lakh under…

Tax Query: TDS on rent not needed if NRI’s income is less than Rs 2.5 lakh

Mr Gupta’s son lives in Australia. He has signed a power of…
ELSS

Tax query: ELSS or FD—Which is the Best Tax Saving Option under Section 80C?

Mr Raman needs to invest Rs 1 lakh in tax-saving mutual funds…

Tax Query: Does residential status decide your taxable income?

I worked in a foreign country for just two months in 2019…

Tax Query: Does the investment in stock market count for capital gain exemption?

I bought a house in September 2015 in Delhi. My wife and…

Tax Query: Can a HUF have its own PPF account?

I have two PPF accounts, one under my name and another one…
Tax

Tax Query: Income tax, LTCG and HRA exemption

I want to sell a flat for Rs 25 lakh, which I…