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  • shuai Rahul Shinde 1
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    How to Save Long Term Capital Gains Tax (LTCG)
    I sold Plot of land for 16 lacs. and used Rs.16 lacs to purchase flat of Rs 80Lacs. In this flat me my son and his wife are co-owners and remaining amount(80-16)i.e.64 Lac is managed by my son and his wife through joint loan. can i claim ex...
    co-owner plot-sale section-54f long-term-gains
    0 votes
    1 answers
    1028 views
  • shuai BHARATH KUMAR 1
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    CLARIFICATION ON INCOME TAX LIABILITY ON RENTAL INCOME
    Sir, I had purchased a residential building 2 years back that is in 2012. It comprises 4 portions. 1 portion occupied by me. One portion let out. Another 2 portions were on lease (rent free) for Rs.20,00,000 (Rs.10,00,000 for each portion) ...
    income-tax
    0 votes
    1 answers
    1532 views
  • shuai sai mukehsh 1
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    HRA exemption when we shift from non metro to metro location
    Dear sir, In our tax worksheet provided by my employer, HRA exempted amount is calculated considering as non metro location though I have shifted from nonmetro to metro in the month of june.This can increase my taxable income.when asked the...
    metro-city hra-exemption house-rent-allowance income-tax
    0 votes
    1 answers
    1219 views
  • shuai celin 1
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    how to claim tax exemption in section - Medical reimbursement Rs.15000
    hi Pankaj: I dont have a medical reimbursement part in my salary breakup...As I have medical bills for around Rs.20000, how and where do i put that Rs.15000 in your sheet when calculating my tax liability ?
    medical-allowance medical-bills medical-reimbursement income-tax
    0 votes
    1 answers
    1153 views
  • shuai Shubham Rai 1
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    EPF and PRAN SAME??
    hello I was working in a private company where I was having an EPF no. Now I am working in govt org where pran no is necessary. So can I use my previous EPF no as my pran no?? If not then do I have to withdraw my amount in EPF account or ca...
    nps-account national-pension-system epf-account pran epf-transfer
    0 votes
    1 answers
    1820 views
  • shuai Amara 1
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    Home Loan Exemption
    Hi, we have a home registered on my name and wife's name. But, I am paying 100 EMI amount. My wife is not working and also she is not claiming any exemption. My company HR allowing me to claim 50% benefits. Is there a way to claim 100% bene...
    joint-loan home-loan-interest section-24 home-loan
    0 votes
    1 answers
    1015 views
  • shuai kinshukg 1
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    What to do for Tax Payable after Belated Efiling ITR-1?
    Dear Sir, I have filed an income tax return for the Assessment year 2014-2015, today, January 7 2015, through the ITR-1 form, it's basically after the due date. My ITR-V shows Tax Payable in the amount of Rs 13890. I know I can pay the tax ...
    belated-return-filing tax-payable itr-1
    0 votes
    1 answers
    944 views
  • shuai RuZo 1
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    Property bought at less than circle rate, registry not done but stamp papers purchased as per the circle rate.
    Dear Sir, If X bought a property in August 2013 for 1.1cr and the worth as per the circle rate is and was 1.65 cr, what are the tax implications? Few pointers: 1. Section 56 (2) (b) says that is the buyer got it for lesser than the circle r...
    section-56-2-b property-sale circle-rate income-tax
    0 votes
    1 answers
    1710 views
  • shuai suren 41
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    where should I invest FD or ELSS for 10k lumsum amount?
    Hi, I wanted to invest 10k to save tax for this year. As equity is at peak, so should I for Fixed deposit? investing in lumsum in ELSS i.e. equity at high point, will it be good idea? where should I invest FD or ELSS?
    elss-scheme fixed-deposit mutual-fund tax-saving
    0 votes
    1 answers
    1244 views
  • shuai G_Rajagopalan 1
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    Simple corrections noticed.
    Dear Sir, Sl.No. 81 .Is it not National Savings Scheme? I feel "Service" is a mistake. Similarly Sl.No. 84. Must read National Pension Scheme. (Not "New") Whether serial no. 75,93and 106 will not be redundant? Thanking you, Yours faithfully...
    income-tax-calculator
    0 votes
    1 answers
    830 views
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