raja 1

• asked Feb 25, 2012

how to avoid capital gain tax

Dear Pankaj Batra sir, I went through all your answers and extremely useful. My doubt here for example, My father purchased a residential plot in 1999 for a consideration of 4.5 lakhs (registered value). My father died in 2006 In November 2...

ancestral-property section-54f residential-plot long-term-gains capital-gains income-tax

0 votes

1 answers

1460 views

sandeepks83 1

• asked Feb 25, 2012

MCX IPO - Query

Hi Pankaj Sir,please share your views on MCX IPO. I have placed subscription for 17 lots.Should I look for listing gain or hold.Thanks for your kind service to all investors.

listing-gains mcx-ipo

0 votes

1 answers

815 views

smpimparkar 1

• asked Feb 25, 2012

Long Term Capital GAin

My father (senior citizen) have a house, he has brought in Rs 58,000/- in May 1993. In next 3 years we have modified the same as per municipal rule, but spending details are not available. Now he want to sell the house at Rs. 4,50,000/-. Ca...

pension-income income-tax-return senior-citizen long-term-gains income-tax

0 votes

1 answers

1404 views

Ganesh 11

• asked Feb 25, 2012

Property sale in 1012-13

I have decided to sale my flat. Please let me know if i make agreement in Apr'12 will it be helpful to save some tax as per new DTC which is under discussion. This flat is registered jointly with my wife. Since as per DTC LTCG will be added...

property-sale direct-tax-code long-term-gains capital-gains income-tax

0 votes

1 answers

1245 views

srimanta 1

• asked Feb 24, 2012

service tax

Dear sir, I had purchased a flat of Rs. 40 lacs from a builder at Bhubaneswar consisting of six residential units. As per Circular No. 108/02/2009 – ST dated 29th January 2009 issued by Government of India, Ministry of Finance, Department o...

builder-apartment flat-construction service-tax

0 votes

1 answers

1602 views

srimanta 1

• asked Feb 24, 2012

Income tax benefits on donations

I have made donations for Rs.36,666/- to ISKCON in the financial year 2011-12. I have got a receipt indicating that exemptions can be taken on Income Tax and I am in the tax bracket of 30%. How much benfit I will get and what is the procedu...

donation-amount tax-benefit section-80g tax-exemption income-tax-return

0 votes

1 answers

1755 views

amj 1

• asked Feb 24, 2012

implication of income tax for refund of flat booking amt with interest

I had given booking amount to a builder for a flat in Mumbai. Even after 1.5 years he had not started the construction, i asked him for refund of my booking amount. The Builder gave me my principal amount + interest of Rs. 162,000/-. I want...

tax-implication booking-amount-refund residential-flat income-tax

0 votes

1 answers

1422 views

Radha 1

• asked Feb 24, 2012

Term Insurance plans! What would you prefer - Online or offline?

I am planning to buy a term insurance plan. What would you prefer? buying it online or offline? and which according to you is the best term insurance plan in india... ?

online-term-insurance best-term-insurance term-insurance life-insurance

0 votes

1 answers

2640 views

selvan1961 6

• asked Feb 23, 2012

Non-ECR STATUS

Sir, I had applied for passport under tatkaal and received the same with ECR status eventhough I had enclosed proof of Edn. Qfn. (+2 discontinued ..TC) and approved as 10th pass by the passport authorities. Is it necessary to obtain correct...

ecnr-stamp uae-visa emigration-check

0 votes

1 answers

1800 views

pk23022012 1

• asked Feb 23, 2012

Clearing home loan from sale proceedings of another house

Sir, I purchased one house in 2006 in 10 lac. In April'2010, I booked a flat under construction costing 37 lac and took a home loan of 25 lac in Sept'2010. The flat is likely to be handed over to me by Dec'2013. Now I want to sell the house...

residential-house long-term-gains section-54 capital-gains income-tax

0 votes

1 answers

1197 views