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