Category Archives: Income Tax

Tax-Gyaan 2015-16: Tax planning for Central Govt. Employees

Tax-Gyaan 2015-16 More presentations from Lalit Khandelwal

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Tax-Gyaan 2014-15

Tax-Gyaan2014-15 More PowerPoint presentations from Lalit Khandelwal

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Common Mistakes not to be made for Tax Savings

A young married couple walks into the local branch of a private bank on a cloudy, cold weekday of January. Both of them are getting late for office, but have enough time to start a tax-saving fixed deposit (FD). The … Continue reading

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Advance tax exemption to senior citizens applicable from FY13

by SC Vasudeva Q. I became a senior citizen in December 2011. I e-filed my income tax return for the financial year 2011-12 (AY 2012-13) in July 2012. The State Bank of Patiala gave me the TDS details on my … Continue reading

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Form 15-H applicable only if total income is nil

by SC Vasudeva Q. I am an assessee aged over 83 years. My taxable income is little over Rs 5 lakh. My income is from pension, SCSS, MIS and fixed deposit in banks only. It is learnt that a senor … Continue reading

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No tax on monetary gift to parents

A.N. Shanbhag Q: I have a small apartment on the outskirts of Mumbai which I have let out for a rent of Rs 11,000 pm. I have no other income in India. Would I have to pay any tax on … Continue reading

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Senior citizen not liable to pay advance tax

by SC Vasudeva Q. I am retired and a senior citizen. I had following incomes during the financial year 2012-13: a) Pension b) Interest on FDs in banks I had paid advance tax on March 12, 2013 Please advise whether … Continue reading

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