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Shivani Monga
I have applied a home loan in my name but the property is registered in my mothers name. Can i avail tax benefit while filing ITR??
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Hi, For availing tax benefit both conditions should be fulfilled i.e. 1. Loan repayment from your income 2. Property ownership in your name. Since the property is registered in name of your mother, you cannot avail tax benefit. Please connect on 7045760379 for further queries
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Nishant Kalra
An ancestral property was recently sold. The heirs of the property were my father & my uncle. However, my father had passed away. Hence, the proceeds of the money has come to my uncle. Now, to receive the money from my uncle to my mother, wanted to understand the means of receiving money : i. Through DD / Pay order, ii. Through online account transfer or iii. Cheque etc.
Which means is advised to avoid taxation liabilities ?
Additionally, how should i receive the money declared from my uncle side to avoid tax liabilities.
My Uncle would be paying the TDS for the sale proceeds he has received, which is understandably reimbursable.
But, how to avoid tax liabilities & any issues for my mother in receipt of the payment. Kindly advise.
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Madanmohan Mohanty
If i am getting profit on equity ( more than 2 cr) in longterm (5 years). do i need to pay any tax. what if i have invested same amount in pension policy and took some home loan
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Vinay Kumar
Two pan cards ?
one for company and one for individual. Would this be illegal ?
No this wont illegal. In an individual holds 2 PAN or Company holds 2 PAN each then that will be considered as illegal.
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Pawan Mishra
Advance against sale of land is in which schedule in can be mention
Please give me the name of schedule , here company is Ltd.
