Need Expert Advice?Our Gurus Can Help

Answered on Jan 27, 2026

Question by Elumalai - Jan 22, 2026Hindi

i invested 18L own money and 6 Lakhs from MTF borrowing in Oct'22 to Oct'23 periods, now 24 Lakhs become 14 Lakhs, 10 Lakhs down, Alklyamine 98 @ 3300, relaxo 135@1083, PVRINOX 87@1865, tatainvest 250@1120,vstindustries 484@429,suntv 160@836,concor 250@860,clean 19@2060,bajajauto 14@11935,AWL 357@432,ATGL 20@1030,ADANIGREEN 20@1975,ADANIENT39@3390,ADANENSOL50@1324,ACC52@2600,COCHINSHIP10@2650,DATAPATTERN 10@3186,GRSE19@2975,MAZDOCK10 @3500,HONDAPOWER 10@4000,TATAELXSI17@7320,VBL30@660,BHARATFORG20@1740. GUILTY TO OVERRIDE WIFE SUGGESTION TO BUY JEWELS FOR DAUGHTER'S 3 YEARS AGO WHEN PF AMOUNT WITHDRAWN 13L, NOW THIS ALSO LOSS AND JEWEL ALSO 2.5 TIMES HIGHER THAN THAT TIME. WRONG DECISION. PLS CORRECT & SUGGEST. AGE 51

Ans: 01. What I can suggest is that an individual who is not expert with Equity Market should avoid over exposure to investments in this segment. In cases like this, I would suggest to make your investments in MUTUAL FUNDS instead. You may consider shifting from Equity to Mutual Funds, in phased manner.
Investment in precious metals (Gold & Silver) is very attractive today. It may continue to be so till International environment/conditions are uncertain or unpredictable. Present indication does not support stable International economies, so I feel strongly, that precious metals may keep an upward trend. But shifting all your funds to this segment is again not advisable. Keep your investment portfolio diversified, keeping some percentage of your investments in easily liquid conditions.
Real Estate is also another good option, but small funds cannot be parked in this segment.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 27, 2026

Question by MGSivaSubraManian - Jan 21, 2026Hindi

In a joint demat acct (in the name of myself,wife and minor son ), if i purchase MFs and shares, with my own contributions, how it will be taxable at the time of sale ? whether in my name or in the name of all 3 of us equally taxed ?

Ans: Since the investments being made are from you income sources exclusively, you will be liable to pay income tax on it. Here, i suppose that your wife is not earning or paying income tax separately.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 27, 2026

Question by RAVI - Jan 23, 2026Hindi

Hi I recently sold my parental inherited property and also my spouse sold her share its 40 years old property we both received 3-6 cr each what should i pay in capital gain tax indexation taken 12.5 % can i invest the received amount in agricultural land and some portion in gold and silver and also can we buy residential property its bit confusion pls help us out

Ans: 01. I suppose, both of you received Rs.3 to Rs.6 crores each (may correct the figures, if wrong).
02. I also suppose that the inherited property sold is either Residential or Commercial.
03. You can plan your tax liability by investing the amount in RESIDENTIAL PROPERTY ONLY. The purchased Residential property should be within time limits, i.e., with in One Year before or within 2 Years after sales. You can also construct the Residential house within a period of 3 years after sales.
04. The amount invested should not be less than Capital Gain, to get full benefit. If the amount invested is less than capital Gain , then you will entitled to proportionate benefit & would be liable to LTCG on balance amount.
05. You can definitely invest in precious metals (Gold or Silver) or in Agriculture Land, but no tax benefit will be there.
06. It is advisable to make the investments in the names of both beneficiaries seperately. However, you may add the name of other spouse additionally as a second holder.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 20, 2026

Question by Pramod - Jan 12, 2026Hindi

I have term insurance of 1Cr which I took few years back. I pay around 1,100 per month till age of 75 years. I am thinking to increase the cover to 2Cr. Shall I buy another policy of 2Cr (premium payback and critical illness coverage of 10L feature, this is not in existing one) and discontinue the existing one OR get additional 1Cr? Is there any negative impact if I stop the existing one? Please suggest

Ans: You should retain the present policy & take a new additional Policy for your present requirements.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 20, 2026

Question by PREM - Jan 02, 2026Hindi

Hello sir I have purchased the resale flat at indirapuram ghaziabad in 19-20, as sale deed its 72lakhs but as the circle rate is high the govt sale rate 77.09lakhs, paid stamp duty of 5.4lakhs on 77.09 lakhs. Now I got income tax notice 131(A). Shall I have to pay tax or not. Why this notice came to me. please answers me in detail.

Ans: You have purchased the Flat. If its Cost was received less by the purchaser, the IT Notice should go to him, who has reported less income & not to you. Had you paid Rs.77.09 (L) as its cost. your Income Tax Liability would remain same, for the year under reference. However, we need to study notice for further advice, in such cases.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 20, 2026

Question by Rajesh - Dec 31, 2025Hindi

Is it possible to obtain a copy of my income tax return AY 2018-19 from the department? Please explain the details.

Ans: If you have filed your ITR online, you can simply log-in & download your ITR for any specific year.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 20, 2026

Asked by Anonymous - Oct 22, 2025Hindi

My Mother wants to sell some of her gold jewelry to cash. .She is 77 and her only source of income is family pension of 40 k/Month . Will she have any tax implication ?

Ans: She already has a Pension income of Rs.4.80 (L), plus there could be some Interest income also. Any Jewelry sold shall be subject to Capital Gains (may be Short/Long Term).
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 20, 2026

Question by SUSHIL - Oct 13, 2025Hindi

I have filed Income Tax Return for AY 2023-24 by clubbing income of spouse in my income and accordingly claimed credit of TDS on spouse income in Return . In the Return income of spouse and TDS was shown with her PAN at appropriate schedules.However, IT Department did not give credit of TDS of spouse and raised the demand. I submitted grievance to AO explaining the facts of case seeking correction of demand. However, AO mentioned for submission of Rectification application and closed the grievance. Now what I can do.

Ans: You should go for Rectification, to settle your problem, explaining facts of the case. Most probably, your problem can be solved.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Jan 20, 2026

Question by swaminath - Jan 12, 2026Hindi

Dear sir, I am a retired government employee. I wish to use my retirement fund to buy agricultural land and also build a small house there to stay. Expecting 8 to 10 lakhs income from agriculture. What will be tax implications. I am also getting pension Rs.3.5 lakhs per year.

Ans: I suppose you have already filed your ITR & paid due taxes (if any) for the financial year in which you got Retirement Funds. Your investment in Agricultural Land & a residential house, does not attract any income tax.
Any Income from Agriculture is not taxable under Income Tax Act, BUT it is added to your total income (from all sources, including pension & Interest etc.), only for rate purposes. However, under new tax regime, if total income remains less than Rs.12.00 (L), you get tax rebate & no tax is payable.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Dec 17, 2025

Question by Shirish - Dec 05, 2025Hindi

Is it possible to get TDS refund now on income earned through Online games?

Ans: Refund against TDS can only be Claimed by filing Income Tax Return, for the relevant year under reference. TDS may be from any source like Salary, Commission, Interest or Online Games etc., may be claimed by filing your ITR.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Dec 17, 2025

Question by Venkatesh - Dec 13, 2025Hindi

I am retiring on 22 March 2026, now can I withdraw full PF amount for buying a house

Ans: A major potion of your PF amount can be withdrawn for the purpose of Purchase of a house, just before three months of your Retirement. Balance amount can be withdrawn only after Retirement, which in your case is not far away.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Dec 03, 2025

Question by Sohandeep - Jul 15, 2025Hindi

I have two questions on one scenarios. I have invested 10 L in say XYZ Largecap MF and current value shows 14L, now if I move this entire amount to same XYZ Debt fund without withdrawing money, will I need to pay LTCG tax on the 4L profit? Second scenario: Now the XYZ Debt fund shows investment value as 14L and I continue it for next 10 years and invest 10L more. Now it shows investment as 24L and total value say 30L. If I withdraw now, do I need to pay LTCG on 6L profit or 6L plus previous profit of 4L also? Hope I am able to clearly articulate my questions.

Ans: SCENARIO 1 :
You will have to pay Capital Gains Tax on Rs.4.00 (L), if you shift from Large Cap MF to a Debt Fund. This shifting will be treated as Sale in one fund & investment in the other.
SCENARIO 2 :
Now your total investment is Rs.24.00 (L) & if you sell the same for Rs.30.00 (L), you will have to pay tax on Rs.6.00 (L) only.
Most welcome for any further clarification on the subject. Thanks.

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Answered on Dec 03, 2025

Question by Vishnu - Jul 21, 2025Hindi

Dear Sir, in our society we have done major repair and color work. We are not a GST registered society. So our contractor have charged GST to us and submitted it as B2C. We are asking them to provide the details of GST paid to GST authorities OR the at least confirmation with evidence that he has declared these invoices in GST portal while filing GST return. But he is saying there are no such details available on GST portal. We need your guidance on this how can we get those details. Currently we are holding contractor's money for these details.

Ans: You should get a proper GST Invoice against this payment/bill & payment should be made by any other mode than cash.
He will have to pay GST under the head Business Receipts - B2C. This fact can be verified from their GST Returns. You may request him to confirm you in writing that he has paid GST against this invoice.
I would suggest that if he has issued a proper Invoice, showing GST & payment is made through banking channels, he will have to pay GST. There does not seems to be any need to worry about the payment to the GST department.
Most welcome for any further clarification on the subject. Thanks.

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Answered on Dec 03, 2025

Asked by Anonymous - Jul 29, 2025Hindi

Can I claim both HRA and home loan benefits if I own a flat in another city?" I own a 1BHK flat in Jaipur, which is rented out, and I work in Hyderabad, paying 25,000 as rent. My annual salary is 16 lakh. I claim interest on home loan under Section 24 and also want to claim HRA exemption. Is this allowed under current income tax rules, or will one claim cancel out the other? How can I maximise deductions legally?

Ans: If you are declaring your RENTAL INCOME from Jaipur Flat in your ITR then you are justified in claiming HRA.
Most welcome for any further clarification on the subject. Thanks.

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Answered on Dec 03, 2025

Asked by Anonymous - Nov 05, 2025Hindi

If I wish to exit out of DSP midcap and shift to Motilal Oswal midcap fund (due to better performance), how can I do it? Even if I do it immediately - I would need to pay LTCG? The fund is more than 3 years old, and is around 5 lakh rupees. I am getting 20% returns, but market conditions show that Motilal is giving approx. 35%. Is it ok to do this given the tax considerations?

Ans: I feel 20% is a fairly good return. Kindly watch performance of both these companies for another year & then decide.
Most welcome for any further clarification on the subject. Thanks.

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Answered on Dec 03, 2025

Question by Jaspreet - Nov 12, 2025Hindi

Dear Mr. Khurana, I hope you are doing well. I am seeking your advice on how best to invest ₹5 lakh per month for the next five years, with the goal of purchasing a house at the end of this period. Given your expertise and experience, I would greatly appreciate your guidance on the most suitable investment options or strategy to ensure both safety and reasonable growth over this short-to-medium-term horizon. Looking forward to your valuable insights.

Ans: First of all create an Emergency Fund of Rs.15-20 lakhs, for any unforeseen situation you may face. Such situations could be loss of Job, Medical Emergency in the family/parents etc. This amount may be invested in Gold, which would offer you instant liquidity and reasonable return also.
Next step may be taken to Invest your saving in Mutual Funds adopting SIP route for a year.
After a year you may be having enough funds to invest in purchase of a house, as you want. At this stage, your MF Investment will serve the purpose of down payment & you can raise further funds through Housing Loan.
Hope this clarifies, what you wanted to ask. Most welcome for any further clarification on the subject. Thanks.

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Answered on Dec 03, 2025

Question by TARUN - Nov 18, 2025Hindi

My mother 75 years old , sold a commercial plot of Rs. 1715000/- in May 2025. It was purchased by her in 2005 costing Rs. 700000/- from Govt in installments. My question is how much income tax is payable through indexation cost.

Ans: I feel you may not have to pay a big amount as Income Tax on Capital Gains, after Indexation. Moreover basic exemption limit may also serve as a cushion to save your tax, provided she does not have income from any other source. Kindly note that for exact calculations, you need break-up of Investment (amount & date of investment),
Most welcome for any further clarification on the subject. Thanks.

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Answered on Dec 03, 2025

Question by Manoj - Nov 27, 2025Hindi

I am writing to request clarification regarding my HDFC Life Savings Plan, which I purchased in July 2024 with a premium payment of Rs. 3,00,000/-. Due to financial constraints, I was unable to continue paying the premiums this year, and the policy has now lapsed. I would like to know whether I am eligible to receive any refund, surrender value, or any balance amount from the policy as per the policy terms and conditions.

Ans: Kindly refer to the terms & conditions on the policy document, where you may get clarification regarding your query. Alternatively a visit to HDFC Life office may be useful.
Thanks.

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Answered on Nov 18, 2025

Question by Kiran - Oct 28, 2025Hindi

Hi , I opened Forex and local currency Fixed deposit account in Indian Bank in Bharuch Gujarat in late 90s. I found copies of some in my records. I found their e mail on internet and sent them mail requesting ways to reactivate the accounts. It seems Indian Bank had merged with some other banks. In any case I received no response. What do I do next ?

Ans: You are supposed to ledge a formal request or complaint with the bank for recovery of your funds. If no response is received, you may write to Banking Ombudsman of your grievance. They shall take care of your problem.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Nov 18, 2025

Asked by Anonymous - Aug 10, 2025Hindi

If my mom took got allotted some shares from her son in law firm 20 years ago and now by selling sharing there is a capital gain, offcourse capital gain will be paid by my mom but how to return that money to son in law ? If it's send to unrelated person then unrelated person will have to pay tax or my mom..also isn't it bettwer to send money to blood relativ..

Ans: Gift to daughter or her spouse (Relative) is exempt from income tax. Amount may be transferred to her son-in-law, without any tax implications.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Oct 28, 2025

Asked by Anonymous - Oct 17, 2025Hindi

I plan to sell SGB bond issued in Dec 2023 in secondary market. The capital gains coming out of this sale will be invested in a residential property. I plan to claim exemption form LTCG under SECTION 54F. Is there any issue with this approach?

Ans: Your approach is correct. However, please note that you will have to invest full sale amount in residential property (not only Capital Gains).
Most welcome for any further clarifications in the matter. Thanks.

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Answered on Oct 28, 2025

Question by Ali - Oct 26, 2025Hindi

LEFT THE COMPANY BEFORE TWO MONTHS STILL UNABLE TO SUBMIT EXIT DETAILS IN PF ON LINE PORTAL

Ans: Kindly keep in touch with PF Commissioner of your state or your Employer, who can assist you in the matter.
Most welcome for any further clarifications in the matter.

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Answered on Oct 22, 2025

Question by jack - Oct 21, 2025Hindi

How to save tax on indian non listed company exercised Esop.

Ans: What I understand from your question is that you are looking for the options to save tax, when the Shares have been allotted to you.
In case of Allotment of Shares by a company to its employees on concessional rates, the difference between Allotment price & FMV (Fair market Value) shall be taxable in the hands of employee as fringe benefits.
In your case, since the Shares are not quoted on any Recognized Stock Exchange in India, its FMV (as on the date of allotment of shares) shall be determined by a merchant bank. Your company shall get this valuation from a merchant bank & all employees can take its advantage.
If you further want to save tax, you should adopt tax planning of your salaried income in a normal way (like u/s 80C, 80D, 80G etc.etc.).
Most Welcome for further clarifications, if any. Thanks.

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Answered on Oct 16, 2025

Question by alagu - Oct 16, 2025Hindi

I worked as a medical representative in Nicholas piramal India limited from 1992 to 2006.i didn't take my PF after resigning from there in 2006.Now is it possible to get it.

Ans: Yes definately. It is your saving & you have a right to claim it, even late. Kindly keep in touch with the concerned authorities (your ex-employer and/or PF Commissioner of your State, complete the formalities & get the amount with interest.
Most welcome for any further clarifications, if any. Thanks.

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Answered on Sep 30, 2025

Asked by Anonymous - Jul 29, 2025Hindi

I freelance across India, earn 12-14 lakh annually. How should I handle GST and income tax filings? I don't have a fixed office and I mostly work from my parents' home in Chandigarh. Do I need GST registration across states? Also, should I pay advance tax quarterly or opt for presumptive taxation? What's the smartest way to reduce tax and stay compliant?

Ans: 01. You are a freelancer, operating from Chandigarh & providing Services across India. You are liable to take GST Registration. This is in view of your activities which span Inter-State and are not limited to within state. Moreover your turnover also seems to cross GST basic limit.
02. You need to file GST Returns regularly & pay GST, where ever applicable.
03. In case if Income Tax, you may pay advance tax from time to time, on estimated basis, which will save you Interest chargeable by I.T.Department.
04. Regular payment of Taxes & Filing of Returns, should not be missed.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 30, 2025

Asked by Anonymous - Jul 29, 2025Hindi

Is LTA tax-free if I travel abroad or book via a travel website? My company offers LTA as part of my CTC, and I booked a family trip through an online portal. Can I claim tax exemption if the travel was within India but booked online? What if I had taken an overseas trip?

Ans: LTA paid (cash or through baking channels) is taxable under the provisions of Income Tax Act. May be you have actually traveled or not.
LTC is not subject to tax, because it is reimbursement of actual travel cost.
To avail any tax benefits, you have to travel within India only.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 30, 2025

Question by Rama - Sep 24, 2025Hindi

I worked in company around 22 years ago. I had withdrawn my pf but family pension is still with the company and not getting any response. Similarly, was associated with another company 20 years back and pf is still with that company. Trust maintains that. I'm due to retire in another 1 year. Pl suggest how to proceed for claim of pf/family pension.

Ans: You should approach your past employer for payment of your PF dues & this should not be a problem. Similarly, you should also pursue your case for family pension with concerned authorities. You can also approach, Commissioner Provident Fund of your state, for any help or complaint.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 30, 2025

Asked by Anonymous - Sep 27, 2025Hindi

Khurana sir, We have purchased a flat last year Owned by my wife solely But loan is on my name as first holder.and second holder is my wife. Interest upto 31March2025 was claimed by All interest paid is claimed by my side as interest certificate is issued in my name. and she is not an earning person. An amount of Rs. 36000/- credited as subsidy on 18 Aug 2025. Please guide, may i treat it as income in my wife's pan Or may i decrease The expense of interest in my pan .(Old Regime) Or give some suggestion from your side.

Ans: Since all transactions related to house property are being accounted for in your accounts, you should also declare this Income (Receipt) of Rs.36,000.00 in your income & pay tax, if any. This amount cannot be reduced from Interest paid, rather you have to show this as income under the head "Income from Other Sources."
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 30, 2025

Question by C - Sep 28, 2025Hindi

what about the 22000/ deposit of our finance minster for growth.

Ans: No comments please. Thanks.

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Answered on Sep 30, 2025

Asked by Anonymous - Sep 29, 2025Hindi

If I sell a residential property (close to 40 lakh amt with a profit of ~5 lakh) - bought in 2016 - and use the proceeds to pay off my current home loan (in which I live, bought in 2024), can I claim exempt from LTCG?

Ans: There should not be a difference of more than one year between House Purchased last year & house to be sold now. If the difference is more than one year, you my not be getting any exemption u/s 54.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Asked by Anonymous - Jul 29, 2025Hindi

Can I show rent paid to parents and still claim HRA? I live in Mumbai, earn 18 lakh/year, and pay 30K/month as rent to my parents. I transfer the amount to their bank and they show it in their returns. Will the income tax department accept this HRA claim or raise a red flag?

Ans: Yes. This proposal is O.K., provided your parents show this Rental Income in their IT Return & pay taxes, if any. I suppose, your parents are owners of the property under reference.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Question by Vishnu - Aug 04, 2025Hindi

I am a government employee. I take LTC in year 2023-24, but i got reimbursment in year 2024-25. I opt old tax regime in 2023-24 (Completed journey in same year) in which LTC was tax free but recieved amount against reimbursment in 2024-25. How to claim deduction on this amount? Logically, if LTC journey is completed in old tax regime, it should be tax free. 10E form accept values of income of previous year but LTC amount is not taxable in old tax regime

Ans: You have received amount of Reimbursement during F/Y 24-25, for LTC availed during previous year. So the tax liability of this amount is only for F/Y 2023-24 & not 2024-25. Please don't include this amount in your income for the F/Y 2024-25.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Asked by Anonymous - Aug 17, 2025Hindi

I bought a flat in 2004 at 13 lacs and sold it in April 2015 at 77 lacs with a captal gain of around 49 lacs post-indexation. Reinvested in new flat within 2 months. Cost of new flat was 75 lacs. However, I used around only 20 lacs from capital gains and took home loan for the remaining amout for which paying the EMI. Balance capital gains used for personal purpose. What would be the tax implication?

Ans: I feel, you have mentioned wrong dates in the question. If dates are correct, then it is futile to ask such questions, since you can't ever file your ITR for the F/Y 2015-16.
However, you can claim exemption u/s 54 for investing in a new residential unit.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Asked by Anonymous - Aug 20, 2025Hindi

My mother purchased land in 2019 along with three other persons. They jointly constructed a building on the said land and each was entitled to a floor. The construction for our floor was completed in 2022. The said premises (our floor) was sold in Aug 2024. The property was sold by way of GPA. The buyer has not registered the GPA. The proceeds of the sale were transferred to my mother’s account. In October 2024, she invested the proceeds (80 lacs) in a property in her daughter’s name. Will she be able to claim capital gains exemption on this transaction? Or can she open a capital gains account? The cost of construction of the house along with cost of land was around 65 lacs.

Ans: If the LTCG has been invested in a property (Registered in her daughter's name), you can claim exemption u/s 54 of I.T.Act, PROVIDED the property purchased is a RESIDENTIAL Property.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Asked by Anonymous - Aug 23, 2025Hindi

Myself alongwith my father opened Tax Savings Fixed Deposit in PNB in 2022 for 5 yrs. My father, 1st holder expired on Jan'25. As per bank advice, I submitted it prematurely with death Certificate of my father. At first, Bank credited principal amount but not interest. Then they credited 10% of interest only. I had sent letter to PNB care also. Please suggest me to recover the rest amout

Ans: You should approach bank authorities to settle this issue. If they don't accept your arguments, you may approach/complain to Banking Ombudsman to rectify this.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Question by monica - Sep 12, 2025Hindi

I and my husband have a joint property. The rental income from this property goes only to my husband's account. While filling tax returns can we show the rental income as 50% in mine and 50% in my husband's even if it has not come in my account?

Ans: You may show the Rental income 50% in each case, BUT please note that, TDS, if any will be deducted in your Husbands name & he may have to claim it in a different way.
I would suggest you to convert this savings account (in which you are receiving rent) from single to joint name (You & your spouse).
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Question by Jyothi - Sep 17, 2025Hindi

I have 3000 shares of Gujarat NRE Coke, which company has gone into liquidation. So, they cannot be traded on stock exchange. My question is can I sell it to my relative through off-market transaction, so that I can claim it as long term capital loss in my Income-tax Returns. If so, what is the procedure.

Ans: You may sell these shares through off-market transactions (if the Company has gone into Liquidation). You may plan your tax liability accordingly.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 24, 2025

Question by Govind - Sep 01, 2025Hindi

Hi sir iam retired 63yrs.in income tax portal under AIS,form 26AS both not showing my pension income as on 31st August 2025.in 2024-2025 fy I got retired so 6 months on salary,6 months on pension,my salary is showing,FD interest is correct, savings account interest is correct but not my monthly pension .now if I file tax as per AIS OR 26AS I will pay around 8k but if I voluntarily add my 6months pension than tax around 47k. What should I do? If I not volunteered ,later will I get any tax notice, penalty? Also this 26AS,AIS for fy 2024-2025 gets updated even after 1year imean what is the deadline for ais,26as updation for employer. Thankyou in advance sir

Ans: You should add your Pension you have received. It may or may not appear in AIS/TIS/26AS. Income Tax site is not up to date in many cases, but we cannot avoid paying tax on the income we have received. If you don't give correct picture, you may get notice later on, which would attract extra Interest & penalty etc.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 17, 2025

Asked by Anonymous - Sep 08, 2025Hindi

My organization closed down on 7th June 2021 but my Provident fund contribution by my organization for the month of June 2021 was made on 8th September 2021 so what is the date of exit to be mentioned on the provident fund web site while applying for monthly pension?

Ans: You should mention 7th June-2021, as date of exit in all documents.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 17, 2025

Asked by Anonymous - Sep 08, 2025Hindi

Dear Rediff Guru , I am 67 and my wife 61 . My wife recently sold a flat in Delhi. We would like to know is it advisable to buy another property in Hyderabad where we want to settle or pay LTCgG tax of around 10 lacs and keep the money. We already have 1 Flat @ Hyderabad. We are in double mind as we feel the cost goes up by adding all additional charges registration charges , wood work etc., which we may not be able to realize by way of appreciation for next few years. we don't need this money for retirement purposes. What is the best way to go?

Ans: It is always advisable to invest in Real Estate, while saving income tax also.
If you already have a Flat in Hyderabad, purchase another & create a second income from its Rentals. Besides saving Income Tax, you would also be earning Rent on regular basis, while its value keeps on appreciating, with each passing day.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 17, 2025

Asked by Anonymous - Sep 08, 2025Hindi

Dear Sir, I will be getting an interest on FD around 82lk for FY. How much tax do I need to pay and how can I reduce Tax.

Ans: Kindly note that we can't calculate Income Tax, simply on this information. For Tax calculation many things should be considered, like : Financial Year, Age of the Assessee, Income under all other heads, if any (Salary, Business, Interest etc.), Tax Savings - if any, Whether to pay tax under New or Old Regime etc. etc.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Sep 17, 2025

Asked by Anonymous - Sep 09, 2025Hindi

Can short term capital gain be adjusted against long term capital gain

Ans: What I understand from your question is, whether Short Term Capital LOSS (NOT GAIN) be adjusted against LTCG.
Yes. Short Term Capital Loss can be adjusted against both Long/Short Term Capital Gains.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Aug 16, 2025

Question by Chithambara - Aug 13, 2025Hindi

Capital Gain from securities Mutual Funds of Equity and Debt Fund are treated as separate income and taxed separately or it is forming part of our total income .please Clarify.

Ans: Capital gains are taxed separately on a special rate & these are not added with other taxable income for tax calculations.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Aug 16, 2025

Question by Kumarsri - Aug 14, 2025Hindi

My CTC is 1835000 which is including Rs 95000 variable pay, how much tax i have to pay

Ans: With the limited information/data you are providing, it is not possible to calculate income tax correctly.
Financial year of Income, Other Income like interest, dividends, Capital Gains-if any, Break-up of Salary figures, Your Tax savings all needs to be accounted for before any calculations are made.
Most Welcome for further clarifications, if any. Thanks.

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Answered on Aug 11, 2025

Question by Namratha - Aug 04, 2025Hindi

my bank did not deduct TDS but my interest income crossed 100000. I am senior citizen. do I still need to report this when filing returns?

Ans: Yes. Bank may or may not deduct TDS on your interest income due to any reason, You have to declare this earning in your ITR & pay due income tax, before filing your ITR.
Most welcome to write for any further clarification. Thanks.

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Answered on Aug 11, 2025

Question by N - Aug 10, 2025Hindi

My son bought a house in chennai fir 33 lakhs on 2019.he wants to sell it in September 25 for 50lacs.he bought a house for 1.5 cr through bank housing loan on junev25.whether he has to pay capital gain tax if he repay the sale proceeds to housing loan

Ans: Since your son has purchased a house in June-2025, i.e., within one year before the Sale of his house property (September-2025), he won't have to pay LTCG tax. This is because, he has invested his LTCG in purchase of a house property, within time limit of one year.
Most welcome for any further clarifications. Thanks.

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Answered on Jul 25, 2025

Asked by Anonymous - Jul 18, 2025Hindi

I have a 6-year recurring deposit which will get matured in Aug-2028. My question is on when to pay tax for this deposit. Should it be paid every year based on interest accrued every year OR only once, at the time of actual interest credit into the account?

Ans: It is always better to pay income tax on accrued interest every year, instead of paying the same in one year (at the end). Tax payable would be less if paid on yearly basis (due to tax rate slabs) & in many cases it may get covered under exemptions. Payment at the end of RD is advisable only in cases where you are getting retired or when you income in coming years is going to fall due to any reason.
Most welcome for any further clarifications. Thanks.

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Answered on Jul 25, 2025

Asked by Anonymous - Jul 22, 2025Hindi

I have recently moved to US under L1 visa for work. Am I supposed to pay tax on my investment amount for the FD, mf I have in my Indian demat account? I have around 23 lakhs invested in MF, 46k in stocks and 10lakhs in PPF. Should I move out my money?

Ans: 01. You are supposed to pay income tax on your income, which is earned or received in India, i.e., Income from MFs, Capital Gains on Stocks & any other income if any. Interest on PPF is mentioned in ITR for information purposes only and this interest earned is exempt from tax.
02. You need not to more out your money from these account& may keep as it is and earn interest and appreciation on the same.
Most welcome for any further clarifications. Thanks.

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Answered on Jul 25, 2025

Question by Asif - Jul 24, 2025Hindi

Hello Sir, I got laid off in April and received a severance pay of 10 L out of which 1.74 L was deducted as tax and I received 8.36 L in total. I was unemployed in Apr and May and joined a new job in June with 8 LPA package. I have a 2 part question. 1. Which regime tax option should I choose for this year, old or new for max ITR? 2. I want to invest this 8L and where should I invest in, keeping in mind I want keep 5 L as my wedding fund which can happen in 6-12 months.

Ans: 01. Kindly calculate your tax liability with complete details for the year under reference, under both options. Choose the best one in favour of you.
02. Considering limited details disclosed by you, generally, new tax regime should be more suitable, in your case.
Most welcome for any further clarifications. Thanks.

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Answered on Jul 25, 2025

Question by Visu - Jul 22, 2025Hindi

Thank you, but this LTCG and STCG is applicable only for now; this may vary at the time of withdrawal (say after 12-15 years). There are possibilities that there may no to Capital Gain Tax or even no income Tax.. so considering Tax aspect is not a material I feel. Thanks for your guidence and valid inputs.

Ans: Yes. You can plan your tax liability at the time when it is applicable.
Most welcome for any further clarifications. Thanks.

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