space
space

Get in Touch

spacer(91)-20-30242014
Tuesday
Mar 31, 2015
subscribe
You are here article details
 

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

Related Readings

Information Requested is Not Found

Top 10 companies with Lowest Foreign Institutional Investors (FIIs) Holding in BSE 100 Companies

DSIJ.in Exclusive

LatestMost PopularMarket Action

Markets Recover, Small Caps Outperforms

The Indian markets saw superb recovery in today’s session. The Capital Goods and Bankex stocks pulled the benchmark indices on the higher side. Mid-Caps and Small-Caps also outperformed and closed up by 199 points and 354 points respectively. All the scetoral indices closed on positive mark. As a result the Nifty ended today’s session with a gain of 150 points and closed at 8492 whereas Sensex closed 517 points up and closed at 27975.

Index Trends And Stocks In Action March 30, 2015

Indian benchmark indices slipped below crucial level of 8300 but bounced back as the index trim early morning losses. The recovery was led by the banking, capital goods and the auto stocks. Technically index saw a good buying from lower level with good volumes.

Markets Are Likely To Open Positive

Asian markets, with the exception of Australia, turned positive by mid-morning trade on Monday, as a modestly positive lead from Wall Street offset the impact of sliding oil prices. SGX Nifty is up by 24 points. Indian markets are likely to open positive. This week is a holiday-shortened one as the market will remain closed on Thursday, 2 April 2015, on account of Mahavir Jayanti and on Friday, 3 April 2015, on account of Good Friday.

Indices Closed Flat, Bharti Airtel Down By 5.7 %.

The Indian markets witnessed some sideways session in today’s trade after sharp fall witnessed in yesterday’s session. The sectoral indices like Bankex and Capital Goods recovered from their lower ends and were up by more than 200 points each. However Healthcare and Oil & Gas continued with the negative scenario and were down around 130 points each. The Nifty closed flat and was down by 0.75 point at 8341 while Sensex was up by 1 point and closed at 27458 at the closing bell.

Index Trends And Stocks In Action March 27, 2015

Indian benchmark indices ended with huge losses on account of global sell-off triggered by new tension in the Middle East and unwinding pressure on account of March Series Future and Options Expiry.

Nifty may flat at opening bell

Asian equities were mixed on Friday as fears over Yemen and weak data from the world's third largest economy weighed on sentiment. SGX Nifty is marginally up by 3 points. Indian markets are likely to open flat. The next major trigger for the Indian markets is Q4 results which will start during second week of April, 2015.

Sensex, Nifty Tanks, Bankex Falls By 528 Points.

The Indian stock markets witnessed a perpendicular fall after mid-session in today’s trade. The sectoral index like Bankex and IT has been hammered badly and were tanked by 528 points and 303 points respectively. Metals, Oil & Gas, Mid-Caps and Small-Caps also surrounded under selling pressure and were down more than 100 points each.The Nifty was down by 188 points and closed at 8342 level, while Sensex was down by 654 points and closed at 27457 level. 

Index Trends And Stocks In Action March 26, 2015

Indian benchmark indices ended lower extending losses to a sixth successive session. Investors and trader’s prefer to adopt caution approach, in absence of any major trigger. Capital goods, Power and Metal stocks declined. Technically, index is flirting around its important support of 8480 as defined by 100-day EMA and rising trend line joined from swing low level of 6639.

Markets Are Likely To Open In Negative

Asian equity markets outside of Shanghai declined on Thursday following a slump in U.S. equities overnight and and an escalation of political turmoil in Yemen. SGX Nifty is trading down by 42 points. Indian markets are likely to open in negative following a other Asian markets. Markets will remain volatile as traders will unwind positions due to derivative expiry of March contract on Today and fiscal-year profit booking. The next major trigger for the Indian markets is Q4 results which will start during second week of April, 2015.

Range Bound Indices Ends On Negative Note

The Indian stock markets witnessed range bound trading in today’s session. The sectoral index like Capital Goods and Metals were in the profit booking scenario and were down by 279 points and 93 points respectively. Bankex, Mid-Caps and Small-Caps also followed negative momentum, and were down by 60 points each. Nifty did not sustained on highs, and was down by 12 points and closed at 8530 level, while Sensex was down by 49 points and closed at 28192 level. 

DSIJ Breakfast News

Start your day with DSIJ Breakfast Roundup, wind up with DSIJ Market Roundup. Register now to get the day’s market outlook, global cues, economic trends, top corporate news delivered straight to your inbox.

mail to

Start your day with DSIJ Breakfast Roundup, wind up with DSIJ Market Roundup. Register now to get the day’s market outlook, global cues, economic trends, top corporate news delivered straight to your inbox.

mail to  *
 *
 *
 *
 *
 *
Content

WE VALUE YOUR FEEDBACK

(* No Research/Stock Queries)
Name :
Email ID :
Cell Number :
Message :
Content