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Wed Feb 18 2026 15:58:35

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Business News/Money/ Ask Mint Money

Q&A

For non-resident investors, both TDS and final tax are levied at a rate of 20% under the Income Tax Act, 1961.

NRI tax query - Can I claim TDS refund despite late return filing?

2 min read . 27 Nov 2025

A nominee’s rights does not supersede the rights of a beneficiary under a will. (iStock) (istockphoto)

Will nomination make me sole owner of the asset?

1 min read . 05 Nov 2025

8th pay commission: What is it? When is the hike likely to be implemented? Who will benefit? How much will government employees get? All your questions answered… (Pixabay)

8th pay commission: When is hike likely? How much will salaries rise? Answered

5 min read . 13 Jul 2025

As a beneficiary, your Indian resident son will be required to disclose the details of the foreign trust in his Indian income tax return under Schedule FA. (iStockphoto)

Will an Indian beneficiary of a foreign trust face tax liability here?

2 min read . 24 Jun 2025

Coparceners of the HUF cannot gift or transfer their rights in the assets of the HUF during their lifetime, but are entitled to bequeath their share in the HUF assets through a ‘Will’.

How does the ownership and succession of HUF assets work?

3 min read . 02 Jun 2025

Tax deduction: If someone has paid taxes on the amount of the joining fee received, they will not receive a deduction for refunding it.

Can the claim amount of the joining bonus be refunded to an employer?

1 min read . 31 May 2025

HRA Benefits: Indian taxpayers can claim their HRA benefits only under the Old Tax Regime, not under the New Tax Regime.

Can the income of a joint property be taken in single name?

2 min read . 24 May 2025

Tax benefits on home loans are available only if the borrower is also a property owner. (Representative Image) (Madhurima Nandy/Mint)

Tax exemption on long-term capital gains: Can two properties be bought?

8 min read . 13 Apr 2025

You can file a suit for partition in the court of appropriate jurisdiction to claim your share in the HUF property if you cannot convince your brother to give you your legitimate share.

Can a sister born before 2005 claim her share in the father’s HUF property?

1 min read . 26 Mar 2025

The fair market value as of 1st April 2001 cannot be higher than the stamp duty value of the property on that date. ((iStockphoto))

What amount must be invested in residential house to claim an exemption for LTCG

2 min read . 26 Mar 2025

Total number of income tax returns filed upto Feb 28 stand at 9.11 crore

Is the dividend reinvested under ELSS scheme eligible for deduction?

1 min read . 25 Mar 2025

The extent of tax benefits for home loans would depend on whether you opt for a new or old tax regime. (Pixabay)

What income tax benefits are available for home loans?

3 min read . 19 Mar 2025

One of the most important pieces of advice you need to follow for your investments is that in addition to diversification, periodic review and rebalancing of your investments are equally important. (Mint)

Should I invest in multiple schemes of the same mutual fund category?

2 min read . 18 Mar 2025

Section 54B provides for exemption of taxable long-term capital gains in respect of the sale of agricultural land if another agricultural land is bought within two years from the date of sale of the land. (Pexel)

How exemption on LTCG for the sale of agricultural land can be claimed?

2 min read . 02 Mar 2025

The law regarding succession to HUF property also changed in 2005.

How are HUF assets distributed on the death of a coparcener?

2 min read . 24 Feb 2025

In contrast, section 54, which applies to long-term capital gains on the sale of a residential house, requires investment only of long-term capital gains.

How is an exemption under Section 54F for LTCG on land sale computed?

2 min read . 23 Feb 2025

Close up hand of man signing signature loan document to home ownership. Mortgage and real estate property investment

Can my wife add unclaimed home loan interest to acquisition cost?

2 min read . 09 Feb 2025

If the property was acquired prior to 1 April 2001, the fair market value of the property as of 1 April 2001 can be taken as the cost of acquisition of the person.

How tax on the sale of an inherited property is computed?

2 min read . 10 Feb 2025

A gift deed should duly be registered with the appropriate authority.

How can I secure full ownership without legal documentation?

2 min read . 04 Feb 2025

Section 54F exempts long-term capital gains on assets (other than a house) if proceeds are invested in a residential house within the prescribed period.

Do I need to repay my home loan to claim a long-term capital gains exemption?

2 min read . 04 Feb 2025