R
Rajmohan
will I be eligible for seeking exemption under section 54/ 54F If I invest long term capital gain arising from sale of under constructed property in new property under my spouse name. please note I have availed of section 54f once before in 2011-2012
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Both sections are quite similar as exemption available on purchase of residential house but in case of section 54F you cannot own more than one residential house at time of transfer ,also exemption available only if entire net sale proceeds are invested. For more info and detail visit our website @ www.tarunguptaca.com or contact us.
D
Dema
Hello, please can you let me know if I can file my ITR for AY 20-21?
No, You can not file the belated ITR for AY 20-21 unless the tax department issues a notice and asks for it to filed. For more info and detail visit our website @ www.tarunguptaca.com or contact us.
A
Ashish Pusalkar
Can I invest more than 10 lakhs in a financial year in mutual fund
Yes you can .For more info and detail visit our website @ www.tarunguptaca.com or contact us.
A
Aniket Kumar
I am buying a house with my parents on loan which I am paying 100%. Want to understand if I am eligible for 100% of tax benefits and also which documents are required within the financial year to get tax benifits
Home loan is eligible for tax deduction under Section 80C. And when you buy a house on a home loan, it comes with multiple tax benefits that significantly reduce your tax outgo. For more info and detail visit our website @ www.tarunguptaca.com or contact us.
J
Jaidev Singh Chouhan
If I take health insurance for 25000 annual installment for me then will I get 25000 rebate under section 80D or some percentage of this amount will be given?
Entire 25000 if paid in mode other than cash.
If you need any further assistance you can mail at canamanmaloo@gmail.com
You (as an individual or HUF) can claim a deduction of Rs.25,000 under section 80D on insurance for self, spouse and dependent children. Visit our website@ www.tarunguptaca.com for more info.
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