Khaja Hussain Muchumarri 1

• asked Mar 31, 2012

Child Education Allowance/Child Hostel Allowance Exemption from Incoem Tax

Dear Sir, Good evening. Can you pls. clarify the following. As per Income Tax Rule (for FY:2011-12 & AY:2012-13), can an Individual eligible to get tax exemption of both Child Education Allowance and Child Hostel Allowance ? Under what ...

education-allowance children-education tax-exemption income-tax

0 votes

1 answers

4100 views

amit80 1

• asked Mar 31, 2012

Tata Capital and ULIP

hi , Need an advice , i have Tata Capital NCD and recently received an intimation from the company that the rate of interest is reduced to 9.5% per annum . I had opted for option 2 and have time till sep to revert to the company . Should i ...

investment-advice

0 votes

1 answers

1182 views

chanakya 1

• asked Mar 31, 2012

Tax arrears demand for AY 2004

CPC Banglore has sent Income Tax arrears demand note for AY 2004 2005 in 2012. How to resolve this. Assessee is no longer a tax payer and is retired from services. The amount involved is less than Rs.1000 . How to settle this demand

tax-arrears-demand demand-notice income-tax-department

0 votes

1 answers

1375 views

Shiva Suresh 1

• asked Mar 31, 2012

Sale of property in pune.

Hello Sir, 1.Property in my fathers name is being sold for Rs.30,00,000/- with this money I (son) want to buy a new property within 2 years (new property cost is double) in my name. 2.Also the buyer wants to quote a buying price of Rs.20,00...

fathers-property tax-implications long-term-gains income-tax

0 votes

1 answers

982 views

Aarti Shetkar 1

• asked Mar 30, 2012

NPS account activation

Hi I had subscribed for NPS through India Post in Bangalore.As I shifted to Mumbai I was unaware of where to make the payments. So by account has been freezed,so what r the formalities to activate it.

dormant-state new-pension-system non-maintenance nps-account

0 votes

1 answers

1670 views

MJTHOMAS 1

• asked Mar 30, 2012

Income Tax rules applicable to Payment of salary amount to Employer in lieu of waiver of Notice Period for Voluntary Retirement

I have recently taken voluntary retirement from a Public Sector Bank. I have paid an amount of Rs.1,06,477.00 to the bank in lieu of waiver of a part of the applicabe Notice Period of 90 days.I wish to know whether any relief can be claimed...

tax-relief buying-notice-period voluntary-retirement notice-period

0 votes

1 answers

1111 views

Deepak Bharti 1

• asked Mar 30, 2012

filling form 10c for pension fund withdrawal.

Sir, I am planing tp withdraw epf money and for the same i need some help 1) Where on form 19 and form 10c I need to get attestation. 2) Who is authorised to attest form 10c. 3) In form 10c, details of wages are to provided and to be certif...

form-3a form-19 form-10c epf-withdrawal

0 votes

1 answers

3972 views

Gurgoan 1

• asked Mar 30, 2012

add wifes name to new flat

Hello, I sold a piece of land which was solely in my name and bought a flat in Gurgoan with the entire proceeds in a Sec54F transfer so as not to pay capital gains. I will be receiving posession of the flat in 3-5 months and I want to add m...

residential-flat joint-owner section-54f family-settlement-deed gift-deed

0 votes

1 answers

1600 views

Sag 1

• asked Mar 30, 2012

Tax Liability on LTCG

Dear Pankaj, My Grand Mother had sold agriculture land in urban area & the LTCG amt. earned has been deposited to her bank a/c. She has also made a will deed wherein she has clearly specified that all the money in her bank will be trans...

will-deed agricultural-land long-term-gains ltcg income-tax

0 votes

1 answers

1168 views

B N Lahiri 1

• asked Mar 29, 2012

Reinvestment of LTCG out of sale of Inherited, Nonagricultural land - Timeline

I have sold a piece of Inherited Nonagricultural land on 30th September 2011. I want to invest the entire sales proceeds in buying a flat, which I have already identified, within June 2012. What is my Income Tax Liability? Do I have to init...

reinvestment long-term-capital-gains inherited-property residential-flat income-tax

0 votes

1 answers

1455 views