The Finance minister, while announcing the Budget last week said that the Direct Tax Code (DTC) was likely to be passed by Parliament in the next financial year after obtaining the Standing Committee

During the last Budget, the government had announced the introduction of infrastructure bonds for saving tax. According to this rule, tax payers can invest up to Rs 20,000 in infrastructure bonds for

I am a pensionee and senior citizen. Apart from drawing a pension (along with DA), every month, I also get Rs 300 as Fixed Medical Allowance (FMA). My pension banker is recovering TDS on FMA also.

O

I want to sell my residential plot in Gurgaon. The sale proceeds could be around Rs 90 lakh. Is it possible to avoid capital gains tax, if I buy agricultural land? Or is it essential to invest only in

Despite knowing the advantages of mapping out a structured tax plan through out the year, most people put off tax planning until the very last month.

When you are that late, you might not be able to

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

Q) I am a salaried person. I have paid tuition fees for the post-graduation of my wife, who is a homemaker without any income of her own. I would like to know if I can claim rebate on tuition fees pai

My mother owns a piece of land in a prime location in Chennai, which was gifted to her by my grandfather in 1943 at the time of her marriage. If she sells it now, will it attract capital gains? If so,

I have a fixed deposit with State Bank of India. The bank wants to deduct TDS at 20 per cent since I do not have a PAN. Can I escape the deduction if I split my investments in such a way that my incom

I am a 65-year-old retired employee. I have deposited more than `10 lakh in fixed deposit (FD). The interest earned on the FD is being credited monthly/quarterly in my savings bank account with the sa