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Topic: Query on Taxation  XML
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Anonymous


Hi
Please help on understanding the tax situation and the way to go ahead in the best manner.
I'm an employee of an MNC where I'm drawing a salary of more than 5 Lacs per annum. I'm also engaged in providing services to an overseas client (Individually) who compensates me to the tune of 8 Lac Rupees, this by way of transfering foriegn currency directly in to the bank account, in the converted indian rupees. The later arrangement is a simple one, not bound by any contracts or related agreements.

My total earnings thus is approximately 13L. I need guidance on the best way to take it forward at the tax front. Would it be a good idea to club the non salaried income as PGBP or is there any better way to portray such income?

If it is PGBP, then what are the points to keep in mind. Thanks in advance!
Regards
Anonymous


I buy a one residential Property (FLAT) of Rs. 19,00,000. (While buying a FLAT I am investing ( Rs. 7,75,000 (From older soled Residential Property) + Rs. 9,00,000 (From my Life Savings) + Rs. 2,25,000 (From Matured Fixed deposits) = Rs.19,00,000 (Total)).
Que - I am investing a Fixed Deposit amount with Interest in Residential Property. I am a pensioner with Rs.1,70,000/annum.
so, is there any need to pay income Tax. for that Interest of Fixed Deposit.
Anonymous


Is tax applicable on joint hindu family. I am a divorcee - I have staying in my brother's flat from the last 13 years. Is my alimony taxable - The amount of alimony was four lakhs
Anonymous


Is part final withdrawal from GPF taxable or not?
 
Discussion forums » Ask the Expert - Taxation
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