My son has been staying in the US since August 2009. He has paid taxes there for the year ended December 31 2010 but he receives interest and dividend income in India. His bankers have deducted taxes

Please clarify few questions. As per the I-T rules, is Hyderabad considered a metropolitan city and whether 40 or 50 per cent of house rent allowance HRA is applicable here? One becomes a senior citiz

I had filed my original returns before due date. I had claimed that a business loss of Rs 3.5 lakh be carried forward to the subsequent years. But later I filed a revised return to increase the loss

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.

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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

A sailor, who has an NRI status, gets his monthly salary in US dollars, remitted by his foreign employer via TT transfer to his NRE account. He gets his monthly salary throughout the year even during

Q) In my income-tax return for 2009-10, I have claimed for an exemption from the payment of capital gains tax under Section 54. In order to claim exemption under Section 54, I was told that the proper

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