Answers on Income Tax (25,852)

Dear sir i am employed in Govt PSU and my total annual income is more than 15 lakh. i do not claim deductions towards interest paid for home loan, HRA and LTC. whether it will...

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My mother inherited some farmland property, and at 90 years age, she sold it off. She kept with herself a part of the sale amount, and the remaining amount she equally...

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Dear All I recently got married and my father's cousin brother who is an American citizen has transferred US $5000 to me as wedding gift to my bank account. For the transaction...

Dear All I recently got married and my father's cousin brother who is an American citizen has transferred US $5000 to me as wedding gift to my bank account. For the transaction...

This question was kept private

This question was kept private

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I am 52 years old. I resigned from my employment in mid-December 2019 after 18+ years of continuous service with the same employer. I do not intend to seek any other employment...

Dear All I recently got married and my father's cousin brother who is an American citizen has transferred US $5000 to me as wedding gift to my bank account. For the transaction...

Please clarify the below in detail : (1) As i know Basic exemption limit is 2.5 lakhs and no need to file return if taxable income comes below this in a year . But why is it...