Question & Answer

I work in a public sector bank. my employer deducts 10 of basic and da as nps employee contribution and contributes the same as employer contribution. for my contribution I claim 80ccd(1b). can I claim 80ccd(2) for employer's contribution? But my employer does not mention it in form 16 or form 26as however it can be seen in ups statement from ups website.

I took a home loan, so how much relaxation I'll get in my salary. It's a first home loan.

I am an owner of two Houses, one is rented out and the other is self occupied.
Can I deduct Municipal Tax on self occupied house property while calculating
income from house property? Please give your clarification in this regard.

Hi,

I am a house wife. I am enrolled to a US university for 1 year online course. The first semester fees is 16 Lakshs INR.

I am borrowing this from my friend and paying the university. My friend will transfer the money to me online and I will pay the university.

Will I be asked to pay income tax for this ?


Borrowing cash ( online) from a friend for paying university - will it be taxed ?

Hi. 1. Can mother of Karta gift 20lacs to HUF? If needed tax can be paid on it.
2. If amount is invested in income MF, will it be counted as income of HUF or clubbed with Mothers.
Thanks !