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Balwant Jain

Mint Author

ARTICLES BY BALWANT JAIN

The term plan will take care of her education and marriage needs in case you are not around, says Balwant Jain. (MINT)

Why you should not mix insurance with investment while investing for girl child?

1 min read . 02:36 PM IST

A taxpayer can claim deduction under Section 80C for repayment of home loan to the extent of 1.5 lakh rupees every year along with other eligible items.

Is tax rebate possible on home loan repayment from residential ppt sale proceed?

2 min read . 06 Mar 2023

Changes proposed in new tax regime

2 min read . 02 Feb 2023

Presently there is no restriction on the amount upto which you can claim the exemption from long term capital gains by investing in a residential house. (Photo: iStock)

Proposals relating to Capital gains in Finance Bill 2023

3 min read . 02 Feb 2023

You can claim exemption under Section 54EC by investing the indexed LTCG in capital gains bonds of specified entities like REC, NHAI, PFC or IRFC within 6 months from the date of transfer

Possession of a plot given but sale deed not executed. Income tax rule explained

2 min read . 30 Jan 2023

Even if the EMIs were paid directly by you or you reimbursed it to your wife, you would not have been able to claim these deductions (Photo: HT)

Flat is in my wife's name but I pay for EMIs. Can I claim income tax benefits?

1 min read . 30 Jan 2023

Bank locker (Mint)

Found gold in mother's locker after she died. How it will be taxed if I sell

1 min read . 30 Jan 2023

There are no restrictions as to the number of times one can make a gift during a year either to the same person or to different persons (Photo: iStock)

Gift received or given to relatives. How income tax is calculated?

1 min read . 20 Jan 2023

You can claim this exemption even in respect of more than one house sold during the year provided you satisfy the basic conditions. (AP)

Income tax rules on sale of second house explained

1 min read . 20 Jan 2023

My father bought a plot and gifted me. I sold it. How income tax is calculated?

1 min read . 20 Jan 2023

ITR filing: Even though you had taken a single home loan and are paying single municipal tax, it is not impossible for you to allocate the interest and municipal taxes on some rational basis (Photo: iStock)

ITR filing in case you own multiple flats and pay EMIs for loans taken

1 min read . 13 Nov 2022

The income which accrues to the HUF on the gift made by the member is subject to clubbing provisions and such income will continue to be clubbed and taxed in the hands of the member making the gift

Income tax: Can a member make gift to the HUF without any tax liability?

2 min read . 13 Nov 2022

TDS rules: The beneficial ownership of such jointly owned house belongs to respective joint owner in the ratio in which contribution for buying the property was made

Income tax: TDS rules on sale of jointly owned property

2 min read . 13 Nov 2022

Since you have retired from PSU the pension receivable from your past employer is also taxable which should be clubbed with your salary income from your present employer if you are hired as regular employee

After retirement from a PSU, working with a private firm. How TDS is calculated?

1 min read . 29 Oct 2022

Since PIS is applicable for shares to be purchased and sold on recognized stock exchanges in India. Tax @ 15% will be deducted if the shares have been held for less than 12 months.

NRE PIS account: Income tax rules on share transactions explained

1 min read . 26 Oct 2022

Please note that there is a limit of Rs. 50 lakhs in respect of each financial year upto which you can invest in capital gains bonds (Photo: Mint)

Bought plot in wife's name who is a homemaker. On sale, how tax is calculated

1 min read . 26 Oct 2022

I am a retired govt employee and do share trading. How income tax is calculated?

1 min read . 16 Oct 2022

I would advise you to make the FD is your name instead of her name because the income is anyway being included in your hand to avoid all these hassles (Photo: HT)

TDS certificate on bank FD is wife's name. Can I show it in my ITR and claim it?

1 min read . 16 Oct 2022

You should preferably submit 15G at the beginning of the year to avoid deduction of tax due to any delay on your part to submit the same before the bank deducts tax

My wife is a homemaker. She has bank FDs. Should she file income tax return?

1 min read . 16 Oct 2022

Investing in transportation and logistics sector is thematic in nature and thus it carries with it the higher risk associated with investing in thematic funds

Car sales rebounding. Should you invest in transport sector mutual funds?

4 min read . 16 Oct 2022

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