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Answers the weekly queries on personal tax – Chirag Nangia

 

Digital companies want more certainty and guidance on tax and royalty charges for India-based operations as they become increasingly embroiled in court disputes with authorities. Recent rulings from the Indian courts and tax departments have sent contradictory messages to digital companies, creating uncertainty about what they consider to be royalty payments that are taxable.

Chirag Nangia, Director answers the weekly queries on personal tax for DNA readers.

answers the weekly queries on personal tax - Chirag Nangia

Weekly TaxTalk queries Column by Chirag Nangia

Tax Talk: Chirag Nangia, Director answers the weekly queries for Financial Express and DNA.

Claim tax benefit for both home rent and home loan- 04 October, 2018 , DNA
Tax benefit on home loan from employer is conditional- 18 October, 2018, DNA
Law silent on claiming capital gains under both Sec 54, 54EC- 25 October, 2018, DNA
No tax on NRE FD interest if account holder is a resident outside India- 30 November, 2018, Financial Express
Income Tax: Rental income taxed in hands of that co-owner who paid for property- 31st November, 2018, Financial Express
Interest from PPF is tax exempt; but on NSC, it is taxable- 01 November, 2018, DNA
Taxpayers with reverse mortgage loan get I-T benefit- 08 November, 2018, DNA
weekly-taxtalk-queries-column-by-chirag-nangia

Money gifted by relative in bank account is not liable to tax – Chirag Nangia

Starting September, those who are filing income tax return will need to provide a detailed break-up of Employees’ Provident Fund (EPF) withdrawal. This is among the few changes that the Central Board of Direct Taxation has done in the tax filing utility and ITR forms recently.

2.       Chirag Nangia, Director answers the weekly queries with regards to personal tax for DNA.

Money gifted by relative in bank account is not liable to tax