Subhash Lakhotia

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When tax forms get taxing

The Lok Sabha has passed the Finance Bill. The basic income tax exemption limit for the current Financial Year 2007-08 for individuals is Rs 110,000, says tax expert Subhash Lakhotia. For women, it......

Your tax queries, answered!

The scene: Income tax officials used to send separate notices asking for details on Fringe Benefit Tax, Tax Deducted at Source and wealth tax. The scene as it should be: Income tax and FBT can be......

Why are there 2 versions of ITR 1 form?

Excerpts from a Q&A with tax rxpert Subhash Lakhotia onCNBC AAWAZ:Where in the new ITR-I, should I put the housing loan interest exemption/deduction, as there is no column for house loan interest......

Agri income from farm land is tax-free

Excerpts from a Q & A with Tax Expert Subhash Lakhotia onCNBC AAWAZ. I am an NRI, since thepast 11 years. I want to purchase a house for Rs 15 lakh in India and gift it to my younger sister who is......

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