By Kamal Rathi

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Loan from friend won’t qualify for IT deduction

I am a government employee and have borrowed Rs 2 lakh for higher education of my son, who is studying in the UK. I am paying Rs 2,500 per month as interest. Can I claim the IT exemption for the inter

NRI’s income in India can’t escape tax liability

Q) I am working as a teacher at a private school. My husband is working in Saudi Arabia as an engineer. Last year I had created fixed deposit of Rs 10 lakh, which was sent by my husband. Last year, t

You don’t have to pay tax for gift by relatives

If I receive a non-agricultural land from my aunt as a gift, do I have to pay tax? My aunt has no children and wants to gift the land either to me or my mother. The market value of this land is around

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.