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Business News/Money/  Ask Mint Money

Q&A

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) Premium

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) Premium

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’. Premium

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. Premium

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. Premium

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) Premium

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. Premium

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)) Premium

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 Premium

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) Premium

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) Premium

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) Premium

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. Premium

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. Premium

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 Premium

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. Premium

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. Premium

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. Premium

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

2 min read . 04 Feb 2025
If the employer finds that a higher or lower tax is being deducted than what is required, the employer can revise the tax to be deducted accordingly. Premium

Are you an employee or consultant? Your income tax deductions depend on it

2 min read . 30 Jan 2025
As per the present tax laws, a person can file only ITR for only one year at any given point of time between April and December of the year following the financial year. (Pixabay) Premium

Nil tax liability, but need ITR for a home loan: Where to start?

2 min read . 29 Jan 2025

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