Loan Quantum - Joint home loan? Both can claim deduction - Rediff
Vikas Gandhi answers, Your wife will have to file aseparate income tax return for the capital gains earned by her. Vikas Gandhi answers, Income tax is payable on net taxable income. Vikas Gandhi answers, If your friend has sold mutual funds during the year and earned profit on the same, he need to declare the same in his income tax return. Vikas Gandhi answers, Short term capital gain on transfer of mutual fund is taxed @ 10% only if Securities Transaction tax have been paid at the time of sale of such mutual fund. Learn more
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