Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Mar 10, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by Krishna on Feb 02, 2023Hindi

Listen

Money

New new tax regime, whether loss arising from interest paid on home loan in case of rented property can be adjusted against salary income; professional tax & children education allowance (100 per children per month), deductions u/s 80-C & 80-D & standard deduction of Rs.50,000/- is allowable. Plz clarify

Ans: No

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Feb 05, 2023

Question by Sanket - Feb 01, 2023Hindi

Listen

Money

Housing loan interest related tax befits would continue in new tax benefits ??

Ans: Tax exemption is unavailable in the new tax regime on interest paid on home loans.

Mihir Tanna |1054 Answers |Ask -Follow

Tax Expert - Answered on Feb 04, 2023

Question by Rakesh - Feb 02, 2023Hindi

Listen

In the new tax regime should I avail the tax exemputions under the 80C, Home loan interest, satndard deduction etc.

Ans: Under new tax regime, allowances/exemptions like House rent allowance, Leave Travel allowance, Helper allowance, Children education allowance, helper allowance, 80C, housing loan interest (on self occupied property) etc will not be allowed. However, as per changes proposed in Budget 2023, standard deduction will be available.

Mihir Tanna |1054 Answers |Ask -Follow

Tax Expert - Answered on Mar 30, 2023

Question by Raghav - Mar 27, 2023Hindi

Listen

Money

Hi. what are other deductions which will be applicable in new tax regime. is the NPS is allowed under new tax regime. and what abt Mediclaim and life insurance. also I have paying home loan interest as well which is allowed under current tax regime.

Ans: Under new tax regime, person can claim standard deduction of 50k against salary, NPS u/s 80CCD(2), interest on let out property etc

Mihir Tanna |1054 Answers |Ask -Follow

Tax Expert - Answered on Oct 20, 2023

Asked by Anonymous - Jun 03, 2023Hindi

Listen

Money

My old house is under redevelopment, Developer is paying Inr 24200 less 2420(tds 1%) Inr 21780 as rent per month and Inr 19800 per month as Development hardship compensation, I am currently staying in my new house which has home loan pending of 54 lacs and paying Emi of 45000 per month and claiming deduction of principal and interest in my IT returns I want to know that Does Rent and Development Hardship compensation is treated as other income and is it taxable? If yes then how much tax I have to pay. I have heard that recently the court has given a judgment that under redevelopment rent or any compensation paid by developer is not taxable, please clarify.

Ans: Yes matter is still litigative. There are certain Judgments in which it was held that Compensation paid by builder during redevelopment of flats is capital receipt and not taxable. Considering amount of compensation you have received and cost of litigation, in my view, you should offer the said compensation to tax as Income from other sources which will taxed at slab rate.

Latest Questions

Nitin Narkhede |78 Answers |Ask -Follow

MF, PF Expert - Answered on Jun 01, 2025

Question by Yes - May 31, 2025

Money

I am 38 years old divorced men and I loss 18 lakh in option trading now a days I have no capital and not any income source mentality fully harassed can any body help me ,7 loan EMI Defaulter and 2 credit card defaulter please help

Ans: At 38, after a divorce and losing ?18 lakhs in options trading, with no income and multiple loan and credit card defaults, it’s understandable to feel overwhelmed. But this isn’t the end. First, speak to a credit counselor or financial advisor—many offer free services. Consider a one-time loan settlement with banks or restructuring. Focus on finding any stable income—gig work, freelancing, or part-time jobs—to begin rebuilding. Mental health support is just as important; talk to someone. You’re not alone, and this phase, while hard, can be turned around one step at a time. Keep hope alive. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Komala - May 29, 2025

Career

I scored 320 marks in neet ug 2025 and i am a st category student in karnataka and i have a esic certificate can i get a govt mbbs seat in karnataka and also reply me sir shld i put couselling in state quote or in AIQ

Ans: Hi Kamala,
The NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting into GMC (ESIC quota) and it depends on various factors like the difficulty level of NEET exam and the number of seats. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Gangadhar - May 29, 2025

Career

For 570 marks in Neet 2025, what rank can I expect.

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

My daughter (OBC NCL) has scored 260 marks in neet UG 2025. What are her chances of getting selected in any medical course.

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, getting into GMC is challenging one. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

Hello sir. I have given NEET UG 2025 and I'm expecting a score of around 340 marks sir. Can you please tell me if I have a chance of getting a gmc seat if I'm obc ncl from Assam?

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a slim chance of getting into GMC in Assam. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by Pavithra - May 29, 2025

Career

My son expect 437 marks in neet 2025and belongs tost category can help getting medical seat in Karnataka state quota sir

Ans: Hi Pavithra, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting into GMC and it depends on various factors like the difficulty level of NEET exam and the number of seats. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Question by gKalaiyarasi - May 29, 2025

Career

Sir my daughter's expected neet score 220+ and we belongs to sc category is there any chances to get bds under pvt college through govt quota only?

Ans: Hi Madam,
The NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting admission based on management quota private colleges. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

My daughter expects 535 in NEET 2025 and has SCG category from karnataka. Does she get govt medical seat under state quota?

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a chance of getting into GMC. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 29, 2025

Career

My Son Complete MD Microbiology in 2014, what will be future as Teacher Doctor, Consultant, Consultancy

Ans: Sir, there is something suspicious about the question. He completed the course in 2014, so what is he doing now? Based on his 11 years of experience, we can only predict the future.
BEST WISHES.
POOCHO. LIFE CHANGE KARO!

Dr Nagarajan J S K |580 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jun 01, 2025

Asked by Anonymous - May 28, 2025

Career

Sir/ma'am I am getting 543 in neet UG (general category) what are my chances of getting gmc through aiq and state quota (maharashtra). If so what tier of gmc I can expect

Ans: Hi, the NTA has not yet announced the results and rankings for NEET, so we need to wait for more accurate predictions. However, based on your predicted marks, there is a slim chance of getting into GMC thru AIQ and chances are with State quota. As I mentioned, it's best to wait for more reliable information before drawing any conclusions.
BEST WISHES.
POOCHO. LIFE CHANGE KARO.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x