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SHUBHAM MAHESHWARI
PingoLearn raises Rs 2 cr in pre seed round funding from Titan capital, othersPingoLearners have spent close to 3000 hours on the app since its inception in May 2021.
How can I set off losses from share trading against income tax liability in current FY?Short term capital losses are allowed to be set off against both long and short term gains. However, if you are not able to set off your en...
I am selling a flat I bought in 1989. How should I calculate capital gain tax?You may invest the capital gains amount in Section 54EC bonds within six months from the date of sale to avail exemption from capital gains...
I already have a PPF account. Can I open another account in my wife's name and invest Rs 1.5 lakh?You can open the PPF account in your wife's name and invest Rs 1.5 lakh per annum on her behalf. However, the money given to your wife will...
How to calculate tax liability on LTCG accrued from selling gold?An individual is required to pay tax either short term capital gains or long term capital gains accrued due to selling of financial assets ...
How is the surrender value of single premium ULIP taxed?For policies purchased after 1 April 2012, if the premium paid on the policy is less than 10% of the sum assured, the amount received on ma...
Can I save tax if I invest sale proceeds from commercial property to buy residential home?If sale proceeds are reinvested under Sec 54 in which capital gain from a previous property was rolled over, you can’t sell it for three ye...
Do I have to pay tax for the capital gains earned by my homemaker wife?"Yes, you will have to pay tax on the capital gains earned by your wife from the sale of the stocks."
Money back policy: Is LIC amount received on maturity taxable?It is important for one to be aware of when these proceeds are tax-free and when not, in order to take advantage of the tax benefit.
I received Rs 1.3 lakh from LIC policy after 1% TDS cut. Will I have to pay tax?Check the policy issue date and the premium you have paid towards your policy as any amount received on maturity of a life insurance policy...
Women-centric social network Healofy raises Rs 55 crore from BabyTree Group, Omidyar Network India, othersThe company plans to invest the funds to further strengthen the product, engineering and data science teams and scale its machine learning ...
What is the tax implication of sale of ancestral property?"You and your siblings will have to pay capital gains tax for your respective share received from the sale of the house. "
Tax queries: Gifts received from a relative are tax-exempt"According to Section 56(2)(vii) of the Income-Tax Act, gifts received from relatives are not taxable. The specified list of relatives incl...
Do I need to pay income tax on the plot I sold to the government?"If the plot was not rural agricultural land, you will have to pay long-term capital gains (LTCG) tax. "
Tax queries: My wife is currently studying. Can I claim I-T deduction on tuition fee that I pay for her?Deduction under Section 80C is allowed only for the tuition fee of only up to two children, provided their educational institution is situa...
How LTCG tax will be calculated on shares where STT is not paidYou will need to justify the cost and purchase date of these shares through documents like physical share certificates, bank statements, de...
Here's how your money matters will be impacted if financial year ends on Dec 31, 2017If the current financial year ends on 31 December, the basic exemption and deduction limits under various sections may be reduced on a pro ...