Query Corner
Query Corner

A car provided by an employer to an employee is a taxable perk if the latter’s salary is more than Rs 50,000 a month.

Tax liability on interest income from fixed deposits is calculated on an accrual basis.
Sumeet Inder Singh has been investing Rs 6,000 per month in equity funds for the past three years. Here is what he should do with his fund portfolio.
Ashish Nagarkar of Nagpur wants to know which form of investment in gold can be the most profitable. Here are the pros and cons of investing in different forms of gold.
R. Nagesh of Kochi wants to know if he should delay buying insurance. He will not benefit if he does so.
S. Vinayak wants to know which investments qualify for tax deduction under Section 80C. Here are the avenues he can avail of.
Dividends from Indian companies are exempt because they pay a Dividend Distribution Tax (DDT) of 15%.
One should invest in diversified equity funds or balanced funds.
As per the Income Tax Act, only one house under the possession of the assessee can be treated as self-occupied.
Pankaj Singhal is unsure about how much he should invest in each asset class. Here we explain the rationale behind investing.
FMPs are closed-ended funds that primarily invest in bonds and fixed deposits, though some also have a small equity exposure.