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  • shuai Ria 1
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    Save capital gains by pre-paying home loan?
    Hi, We bought an expensive apartment last year on a home loan and are just about to close a land deal (sale). Can we avoid CG tax on this deal by part-paying the home loan on the apartment? Is that valid and recommended given that we took p...
    section-54f long-term-gains capital-gains income-tax
    0 votes
    1 answers
    1573 views
  • shuai Pankaj C 6
    •
    Tax Saving
    Sir, I had purchased a land worth Rs. 80,000/- in 2004 and sold it worth Rs. 13,00,000/- in 2010-11. I deposited Rs. 10,00,000/- in my Mother & Father joint account for a week. After a week, I purchased a residential property worth Rs. ...
    gift-to-parents section-54f long-term-gains capital-gains income-tax
    0 votes
    1 answers
    1131 views
  • shuai Amit Adhikari 1
    •
    Long term capital gains tax
    To save tax on long term capital gains from sale of residential house property can i divide the amount partly in buying a new property and partly in buying govt bonds. Can i combine both the provisions? Eg. If total LTCG is 50,00,000 can i ...
    section-54ec capital-gain-bonds residential-property long-term-gains section-54 income-tax
    0 votes
    1 answers
    1123 views
  • shuai capital gains 1
    •
    Long term capital gains tax
    Have purchased a land in March 2002 for RS.120350 including the stamp duty.Spent Rs.40000/- for compound wall/fencing in 2002(Don't have any bills).Paid Rs.4800 tax from 2002 to 2011 and sold it for Rs.1680000 in April 2011.From the capital...
    retired-person residential-land registration-charges capital-gains income-tax
    0 votes
    1 answers
    1186 views
  • shuai narpat 1
    •
    income tax on capital gain
    • i had an Agriculture Land got my father as you can say it has been transfered from one generation to another.i want to sell his. actually his land has come in rural and registry will be done in Sq. mtr. now. i convered agriculture land in...
    ancestral-property long-term-gain capital-gains income-tax
    0 votes
    1 answers
    1339 views
  • shuai Jyotisrao 1
    •
    Leave Travel Allowance
    Hi, I am eligible for 9000/- p.a. LTA. But now as I have resigned from my current organization and will join another organization after serving the notice period. So can you please let me know what will happen to that amount of LTA which I ...
    full-and-final job-change lta-claim leave-travel-allowance
    0 votes
    1 answers
    2457 views
  • shuai saifsd 1
    •
    Savings Declaration vs Actual Savings
    Dear Sir, I want to know the relationship between savings declaration (form) that we submit at the beginning of the FY and the actual savings that we do by the end of same FY. I'm a salaried professional and declared HRA and LTA in my savin...
    investment-declaration house-rent-allowance leave-travel-allowance income-tax
    0 votes
    1 answers
    1749 views
  • shuai mmanjula100 1
    •
    Capital Gains in Sale of Residential Plot w.r.t. Section 54? Please Advice
    Sir, For Sale of Residential Plot: Details are provided below. 3 years ago I purchased plot for 13.5 lacs. I paid payments thru Cheque and have receipts & sale agreement for 13.5 lacs. But the Developer has Registered the Plot for Stamp...
    registered-value stamp-duty residential-plot capital-gains
    0 votes
    1 answers
    1987 views
  • shuai Abhijit Majumder 1
    •
    senior citizen selling flat wants to avail tax exemption
    My father in law is a senior citizen who wants to sell his flat. From the sale proceeds he wants monthly return for his livelihood from day 1. Without paying any taxes is it possible. Please advise. Regards, Abhijit
    flat-sale section-54ec senior-citizen capital-gains income-tax
    0 votes
    1 answers
    1221 views
  • shuai VRRAO 1
    •
    Example Incometax calculation sheet for an NRI who earns only Interest in India
    sir, My son, who is in USA has invested more than a crore of rupees in SBI, Bangalore. He has no other income in India other than the interest he gets in Rupees on the above investment. He pays incometax in USA and now wants to pay income t...
    non-resident-indian bank-interest taxable-income income-tax-calculator
    0 votes
    1 answers
    3733 views
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