Phani R 221

• asked Feb 8, 2012

Is Gratuity taxable when received before 5 years?

I worked for 1.5 years in a company and resigned. The company paid me gratuity of around 30,000. Is this taxable? I found some experts saying that it is not taxable as long as all the gratuities received like this (including in past if any)...

below-5-years gratuity-taxable gratuity income-tax

0 votes

1 answers

2098 views

Srinaath 1

• asked Feb 7, 2012

ECNR for transit via gulf

Hi my passport was issued at Chennai in 2004. I will be travelling to Germany on Buisness visa via gulf. Do i need ECNR.

transit-via-gulf ecnr

0 votes

1 answers

1228 views

Punit 1

• asked Feb 7, 2012

Purchase of property

Hi, I plan to buy an under construction property for 1.5cr. The original owner bought the same for 52 lacs and has paid all but 5 lacs. The possession is due in a few months. The registration cost will be 52 lacs (as per my understanding) a...

residential-property long-term-gains capital-gains income-tax

0 votes

1 answers

1263 views

Punit 1

• asked Feb 7, 2012

Capital gain on purchase of property

Hi, I plan to buy an under construction property for 1.5cr. The owner had bought it for 52 lacs and has paid all but 5 lacs. Possession is due in next few months. If I buy it now, I'll be paying 1.5cr but cost of the property will remain 52...

long-term-gains capital-gains income-tax

0 votes

1 answers

671 views

atul 1

• asked Feb 6, 2012

what to do ,i am having ecr certificate

dear pankaj' doing great job.we are getting very vital information thru ur blog,as u knw on official site as well as passport office no one is helping us nicely.so plz keep it up bro. now my 2 qerry are recently in the month of jan 2012 i g...

ecr-stamp

0 votes

1 answers

1085 views

Vipinfigo 1

• asked Feb 6, 2012

saving capital gain tax

Dear Sir, I purchased a plot in 1998 a cost of Rs.1,75,000/- & sold the same in Dec.2011 at a cost of Rs. 15,00,000/-. I have already a flat in my name for the last 10 years. I have also booked a flat in Sept.2009. Total cost of the fla...

section-54f residential-plot tax-saving capital-gains income-tax

0 votes

1 answers

1003 views

ashishg 1

• asked Feb 5, 2012

tax on underconstruction property

hi i purchased an underconstruction property in sept 2010 @10 Lacs now (feb 2012)the value of the property is 15 Lacs(property is still underconstruction. I plan to sell this property and purchase a new property with the money . Does this i...

under-construction short-term-gains income-tax

0 votes

1 answers

1098 views

gkke 1

• asked Feb 5, 2012

sec 54 f buying residencial property to avoid capital gains

If I sell a non agricultural plot, can I use the proceeds to buy two residencial houses? I already posess one residencial property.

section-54f residential-plot capital-gains income-tax

0 votes

1 answers

1297 views

Ashwani 16

• asked Feb 4, 2012

Exemptions available in Income tax FY 2011-12

Please let me know what are the items exempted in IT. Is Uniform allowance/ Car reimbusement/ maintenance, Driver salary, preodical/ journal expenses exempted. Thanks, Ashwani tewari

non-taxable-allowance car-reimbursement driver-salary tax-exemption

0 votes

1 answers

1749 views

Mads 1

• asked Feb 4, 2012

Ltcg on income received in instalments in different FYs

Hi I had some non agricultural land purchased in 2006. In 2011 , I had an agreement with a builder A where I sold part of the land for 25lakh and for the remaining land he will give me a flat (somewhere in 2013, as it's under construction)....

instalment exemptions ltcg income

0 votes

1 answers

1097 views