Markets
BSE See
NSE See
25,201.90
-562.88 (-2.18%)

Know Your IT Forms

| 7/11/2013 9:00 PM Thursday

Q 1) I own a residential flat in which my family and I are residing. The flat is jointly owned by my wife and me. A few years ago, I purchased a row house in Talegaon, Pune. The said row house was also purchased in the joint names of my wife and me. In both cases, I am the first holder and my wife is the joint holder. The loan taken for the row house was taken in my name and is being repaid by me. Can my wife and I claim one of the properties each as self occupied property (SOP)?

- Praveen Haldipur

You have not mentioned whether your wife has contributed towards the purchase of the said immoveable properties or not. Further, it is not clear whether your wife is showing the said properties (to the extent of her share) in her balance sheet. Thus, it is difficult to give an opinion in this case. However, prima facie it appears that both the properties belong to you, and your wife’s name was included in the title for convenience purpose only. Hence, based on the present facts, it may be difficult for your wife to claim one of the properties as her SOP.

Q 2) Which are the ITR forms for Assessment Year 2013-2014?

- Nishtha Dongre

Rule 12(1) provides that the return of income required to be furnished under sub-section (1) or sub-section (3) or sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of the Section 139 or Clause (i) of sub-section (1) of Section 142 or sub-section (1) of Section 148 or Section 153A relating to the assessment year commencing on the 1st day of April, 2013 shall be furnished in the forms specified below:

Find More Articles on: DSIJ Magazine, Tax Queries, Personal Finance, Tax

std with no symptoms best treatment for chlamydia chlamydia treatment antibiotics
collapse Related Readings collapse
Information Requested is Not Found

DSIJ
Mindshare

Market Tanks Ahead Of US Job Data

Market Tanks Ahead Of US Job Data

As per our expectation, Indian equity market, Nifty opened in red. As investors concerns that the U.S. jobs report, as it is widely expected to be 5.2% as compare to 5.3% that we saw last time. Global cues were weak with Asian markets kicking off the last trading day of the week. 

OVL to acquire 15% interest in Vankor field in Russian Federation

OVL to acquire 15% interest in Vankor field in Russian Federation

Important to note that Vankor is Rosneft's (and Russia's) second largest field by production and accounts for 4% of Russian production. The daily production from the field is around 442,000 bpd of crude oil on an average with OVL’s share of daily oil production at about 66,000 bpd.

Cipla acquires 100 per cent stake in generic businesses of two US companies

Cipla acquires 100 per cent stake in generic businesses of two US companies

Cipla entered into definitive agreements to acquire two US-based companies, InvaGen Pharmaceuticals and Exelan Pharmaceuticals. The transaction being subject to certain closing conditions, is valued at USD 550 million. This is the second landmark acquisition by the Cipla in its 80 years of history. This will give scale in the US generics market through a wide range of product portfolio in CNS, CVS, anti-infectives, diabetes as well as other value added generics.

Index Trends And Stocks In Action September 04, 2015

Index Trends And Stocks In Action September 04, 2015

The Indian market snapped its three day losing streak on the back of positive cues from global market. Technically, the index opened with a gap up and started to move up soon after the opening.

Market Likely To Open Flat To Negative

Market Likely To Open Flat To Negative

Asian shares were mixed on Friday as caution about a U.S. jobs report jostled with signals from the European Central Bank that it is willing to take further steps to shore up the European economy. A SGX CNX Nifty Index future for September delivery was up 22 points at 7,819. Indian market is likely to open flat to negative.

Indian Market Bounce Back On Positive Cues From US

Indian Market Bounce Back  On Positive Cues From US

Nifty gave a gap up start in today’s trade afterwards it slowly but steadily started gathering steam and surged by over half a percent by noon trade. The reason for such bounce is market was oversold & positive cues from US Federal Reserve. Finally Nifty closed at 7823 levels with a gain of 106 points.

SEBI Now Big Boss of Commodity Trading Also

SEBI Now Big Boss of Commodity Trading Also

Importantly action has been taken in order to comply with the announcement made by the Finance Minister Arun Jaitley during his Budget Speech while presenting the General Budget 2015-16. Finance Minister had proposed to merge the Forwards Markets Commission (FMC) with SEBI to strengthen the regulation of Commodity Forward Markets. 


DLF is up by 8 per cent intraday

DLF is up by 8 per cent intraday

The company yesterday declared that its shareholders have approved the resolution to create charge, lien or pledge on its over 50 per cent shares in three subsidiaries, holding rental commercial assets, for raising up to Rs 7500 crore. Shareholders also approved another special resolution to lease and create charge, lien, mortgage, hypothecation, etc exceeding 20 per cent of the assets of these three subsidiaries- DLF Cyber City Developers Ltd, Caraf Builders & Constructions Pvt Ltd and DLF Assets Pvt Ltd.

Va Tech Wabag - Muhibbah Engineering bags Rs 1500 crore order

Va Tech Wabag - Muhibbah Engineering bags Rs 1500 crore order

Malaysia's national oil and gas company, Petroliam Nasional Berhad (Petronas), through subsidiary Refinery and Petrochemicals Integrated Development (RAPID) awarded Rs 1500 crore Effluent Treatment plant (ETP) project to the consortium of Va Tech Wabag (VTWL) and Muhibbah Engineering Berhad(ME) in Pengerang, Johor, Malaysia. The share price of VTWL increased on BSE by 7.55 per cent and is trading at Rs 705.55 on intraday basis.

Index Trends And Stocks In Action September 03, 2015

Index Trends And Stocks In Action September 03, 2015

The Indian market opened the session on a bright note, but changed direction soon and failed to find any support and closed near day’s low. Banking stocks, especially PSU banks were under immense selling pressure.

Subscribe to
Newsletter

news letter

More for the early bird.

Get the pre-market reports and breakfast news right in your inbox. See latest »

Market
CHIT CHAT

What is your view on markets today?

500  Characters Remaining.
Please LOGIN  to post your comments or Click here to go back.
Game Master Sep 04 03:38PM
Vishal Deewan @ you can't apply
Rahul J Sep 04 02:43PM
will tata power nav go down below 56.50
Inderjit singh Sep 04 02:38PM
fii's :/
MANISH TYAGI Sep 04 02:28PM
😓
somen manna Sep 04 02:18PM
hello... koi hi kya ...?