I have taken Ageas( IDBI) Federal Life Insurance policy in 2013 and paid Rs 50,000 premium for 6 years till 2018. The Basic sum assured is Rs 2,76,000, Death sum assured is Rs 4,60,000 and the policy term was 15 years. According to Ageas Federal person, if I close it now I'll get only 60% of amount deposited. I got a call from Ageas Federal suggesting to invest in Ageas Federal Life Insurance fund by transferring money to the emerging funds which will get 10 times of Sum Assured with the available funds.
Should I wait till maturity, redeem it or do as they suggested? Please suggest.

A property was acquired jointly by an assessee in FY 2000-01 along with her husband with each having 50% share. (Rs. 10 lacs each)
The husband passed away in the year 2020-21 without any will. Consequently, the assessee and her two sons inherited 1/3rd share of 50% of the property (husband’s share in property).
In FY 2024-25, the two sons signed a Release Deed in favour of the assessee (their mother) and transferred their share of 16.66% each to the assessee.
A month after the release deed was registered, the assessee sold off the property for 80 lacs.
My questions are
1. Will the capital gain for the share (of around 34%) acquired by the assessee through release deed be held as STCG or LTCG?
2. What will be taken as cost of acquisition for the share (of around 34%) acquired through release deed?
3. If LTCG, the will indexation benefit be available for the share (of around 34%) acquired through release deed?
4. What would be the base year for the indexation benefit for the share (of around 34%) acquired through release deed ?

Thanks

Sir/Madam,
Can I file Time barred Defective Return in income tax. The time to reply the defective return is 12-Aug-2024 (A.y 2024-25).Please Guide.
Thank you.

whether FDR in Bank shown under accounting group
Investment or Bank.
Please reply.

what is accrued interest and whether it can be adjusted with bank received on due date.

whether Term Loan come under secured Loans.

whether car loan is secured loan.

whether we can take Loan against Property and Term loan also from same bank at the same Time.

I WANT TO FILE ITRU FOR AY 22-23( RETURN WAS NOT PREVIOUSLY FILED) BUT DUE TO TDS ITS RESULTING IN REFUND.

CAN I SHOW LESS TDS AND PAY 1000 ................WILL IT BE CORRECT WAY TO FILE RETURN???

Hello Everyone,

A company organised a event in the office "Award distribution and celebration". A company as assigned the task of event management like hosting, photography, some items like trophy etc.

The company has raised invoice and mentioned to deduct Tax u/s. 194C @ 2% ?

will it fall under section 194C OR 194J ?