My company had asked for a photocopy of the sale deed of the flat I stay in to claim the benefit of home loan interest. I have already submitted the interest certificate from the bank. I have been staying in this flat for the last 5 years and have claimed the benefit from my previous company where I did not have to submit this proof. My company says that they need to ascertain and authenticate whether the flat is really in my name. I did not submit it as I was not comfortable to hand over an important legal document like sale deed. A possession letter could also have worked but I did not have it from the builder. Is the company right and authorized to collect the copy of a sale deed document from its employees. The amount from the benefit has already been taken away from my next months salary. If I am right in not submitting the sale deed copy, is there a forum where I can take this up.
- Pritam

Some companies demand copy of the sale deed from its employees for processing their home loan claims. They are indeed authorised to collect such document from its employees. You are going to submit only the photocopy of the sale deed and there is nothing harm in doing so. Unless and until the original copy of the sale deed is with you, you need not worry for submitting the copy of your sale deed. If you are not interested in doing so you may request your company for producing any alternative document in the place of sale deed copy. There is nothing serious in this issue to be addressed with any forum.

My mother is a senior citizen. As per the new budget, senior citizens have a taxable limit of 2,25,000/- Suppose, she is purchasing some shares and selling it within the same year, she is supposed to pay 15% short term capital gains tax. Suppose she has made a profit of 1,00,000/- in shares she is supposed to pay 15,000/- as short term capital gains tax. But suppose her gross income is within the taxable limit of 2,25,000/-, is she supposed to pay the 15,000/- tax or is she exempt from paying tax ?
Kindly help

If the total income does not exceed the threshold limit then there is no question of paying any tax.