sushma 1

• asked Apr 6, 2012

income tax return for land sale

sir, I have a salaried person, I am not returned in It till on this date because My total earning in below 1,60,000/- every year. In this year, on march I have received of Rs. 5,00,000/- sold the land in my village. I am fixed deposited thi...

land-sale salaried-person fixed-deposit income-tax-return long-term-gains

0 votes

1 answers

1326 views

alka gupta 1

• asked Apr 6, 2012

applicability of circle rate on past sale

Dear Mr. Batra, Just now, I had the good fortune of going through your erudite answers to variety of questions. Your untiring zeal and fir grip on various legal issues is remarkable.You must have received bouquets of compliments for your cl...

registration-value society-apartment long-term-gains ltcg

0 votes

1 answers

1089 views

IT_Developer 1

• asked Apr 5, 2012

What's max or min % basic can be of CTC?

Hello, Currently I am working in a company where the Basic is 25% of CTC. After 2 months I am going to join another company where Basic is 40% of CTC. Moreover, in current company, with some limit on amount 1. Petrol Bills 2. Telephone / In...

package-structure petrol-bills salary-package cost-to-company basic-salary ctc

0 votes

1 answers

11282 views

V Srinivas 1

• asked Apr 5, 2012

Income Tax Calculator 2012-13

Dear Pankaj, I have downloaded and gone through your Excel IT Calculator 2012-13. Some changes that need to be updated have been enlisted below a. Driver Salary component in the Salary breakup is equal to the Driver Salary receipts submitte...

income-tax-computation driver-salary income-tax-calculator internet-expense income-tax

0 votes

1 answers

2051 views

naresh_vit 1

• asked Apr 4, 2012

need to submit IT return for AY 2010-11

Hi, Can you please let me know how to do this manually now as last date is over. Below are my jurisdiction details Jurisdiction ITO WARD 14(1) Pankaj : Can you please quicky help me on this.

manual-return-file late-filing income-tax-return

0 votes

1 answers

1237 views

Maddy4you 1

• asked Apr 4, 2012

Regarding Income Tax for 2012-2013

Hi Pankaj, The excel sheet is really helpful and would like to check whether I am missing something here. After filling all the details My Net Taxable income is 7,28,444. As per the new rules it is 0 - 2,00,000 No Tax. So the remaining amou...

fy-2012-13 income-tax-computation taxable-income income-tax-calculator

0 votes

1 answers

1478 views

suman 1

• asked Apr 4, 2012

Is Company owned guest house liable to house perquisite

Our Company has a guest house owned by it. Three Executives are staying there for the past 2 years and are paying subsidised room rent. My question is can we deduct tax on house perquiste from them. My GM(Finance) says Guest House does not ...

company-accommodation company-guest-house perquisite-value income-tax

0 votes

1 answers

2358 views

Haseeb 1

• asked Apr 3, 2012

Repayment of Amount

Hi, I have paid a total sum of Rs. Seven lakhs (in installments) from my salary account in Fy 2011-2012 for a land deal which failed due to some reasons. TDS applicable on the salary for FY 2011-2012 has been deducted and deposited by the e...

loan-repayment tds-deduction income-tax

0 votes

1 answers

1261 views

Abraham 1

• asked Apr 2, 2012

Home loan interest and principal

Hi, Me and my wife co-own a property in Hyderabad and currently live in trivandrum. We have interest paid in tune of 3.75 Lakhs and Principal about 1.2 Lakhs during 2010-2011. The property is not let out currently. We are individually claim...

home-loan-principal home-loan-interest section-80c tax-deduction tax-exemption section-24

0 votes

1 answers

2149 views

sangeet 1

• asked Apr 2, 2012

Can long term capital gain be avoided by selling one residential property and buying two residential properties for self use

Dear pankajji , I have sold a property which was brought in 1987 ( residential) and now plan to buy two residential properties as would like to separate my son after his marriage. Can I avail long term capital gain tax if the whole amount i...

long-term-capital-gains residential-property section-54 ltcg income-tax

0 votes

1 answers

1973 views