Me and my wife are both senior citizens. Some of my amount was invested in a…
Tag: financial obligation
Bank FDs for children: How will interest income be taxed
My son is 3 years old. I want to make a cumulative fixed deposit of 15…
What is the tax liability for RNOR citizens in India?
I have been a US citizen for the past 17 years. I came back to India…
My daughter is studying in US. Can I save tax by transferring some money to him?
My daughter is 21 years old and financially dependent on me. He has no income of…
Rishi Sunak’s bright prospects in British politics have faded
In 1886, the Liberal British statesman Joseph Chamberlain said, “In politics, there is no use looking…
Do you need to pay advance tax? hurry up! 15th March is the last date
Generally, taxes are deducted/collected at source when income is paid. However, since all income is not…
What is the tax liability of senior citizen’s income from SWP?
Question- My wife has invested 6 lakh in each of the four mutual funds in August…
Tax liability in case of income from property after death without a will
Question: My father passed away without a will a few years ago, leaving behind three children…
Do I have to file ITR when I have no tax liability?
I am 45 years old and self employed. My taxable income is around Rs. 4 lakhs…