Property of Hindu undivided family and the income tax law

It is possible within the framework of the Income-tax Law to buy out property whether residential or commercial in the name of the Hindu Undivided Family and also to claim a tax benefit attached to the said property.

Just like a tax deduction is available to an individual tax payer in respect of self-occupied property,  similarly in the same manner a  tax deduction is also available to a Hindu Undivided Family owning a residential property

Houseviews: Four stocks that you can trade on Jan 30

BHEL

Brokerage: CLSA

Rating: Downgraded to sell from outperform

Target: Slashed to Rs 250 to 310.

Rationale: They believe visibility beyond FY13 is deteriorating. Despite a pick-up in orders expected over NTPC

Brokerage: Nomura

Rating: BUY

Target: Rs 206

Rationale: Though realisations appear to have dropped nearly 5% sequentially, they are awaiting clarity on the tax refund to customers. This is a key factor in interpretation of the result.the next two quarters, the order backlog ratio may slip all the way back to 2003 levels

Yuvraj Singh diagnosed with cancerous lung tumour

Cricketer Yuvraj Singh has been diagnosed with cancer and is undergoing chemotherapy in the United States, local media reported on Sunday.

While Singh's mother was not available for comments, his father Yograj Singh did not answer to calls from Reuters.

Gmail How-To: 7 More Basic Tips And Tricks Every User Should Know

Ever since we published our first batch of Gmail tips, the Captain Gadget inbox has been flooded by curious and frustrated Gmail users with questions of their own. Captain Gadget's gonna do his thing and answer seven more Gmail how-to's right here, from the basics of BCC'ing to the nitty-gritty of finding and deleting big emails in Gmail.

Google Hires A Senior Director At Apple For A Top Secret Project

Google has pulled off a coup by hiring an Apple senior director of product integrity for a secret project, VentureBeat has learned.

Read the whole story: VentureBeat