venkat1978 1

• asked Feb 4, 2012

NRI days calculation

Hi, My name is venkat and I am employed on foreign flag ship. I use to do 3 months on off trip. This year I am short of 10 days to complete magic 184 days to get NRI status. I want to save income tax on my salaries. If I go to Thialand/ sri...

181-days resident-status non-resident-indian nri income-tax

0 votes

1 answers

4475 views

Harish 1

• asked Feb 3, 2012

Tax on Trees

Dear Pankaj, I have agricultural land which has many fruit and timber trees, all planted by me. Though agricultural as per revenue records, being within 8 Km. of the Muncipal limits and located in a village with population greater than 10,0...

taxontrees

0 votes

0 answers

1060 views

vipin 1

• asked Feb 3, 2012

QUERY ON LONG TERM CAPITAL GAIN

I BOUGHT A FLAT IN AUGUST 2005 FOR 9 LACS. SOLD THIS FLAT IN MAY 2011 FOR 25 LACS. I HAVE ANOTHER PLOT OF LAND BOUGHT IN MAY 2009 ON WHICH I STARTED CONSTRUCTING MY OWN HOUSE FROM APRIL 2010.I HAVE ALREADY SPENT AROUND 15 LACS FROM MY SALAR...

construction-cost residential-flat long-term-gains section-54 income-tax

0 votes

2 answers

1179 views

Irshad 1

• asked Feb 1, 2012

Provident Fund Status

When i checked my PF Account through EPFO website. The website showing me me EE amount is rs-1425 and er amount is rs-436 as on 25-01-2012 account updated up to 31-03-2011,please tell me my total PF Balance. Can you please let me know the s...

epf-balance epf-account-check provident-fund

0 votes

1 answers

2026 views

Haresh 1

• asked Feb 1, 2012

More tax deducted from Employer after onsite return.

Hi, My question is still unanswerable by many people. I am working in an MNC here in India. I returned from onsite (US) to India in Jan 31st 2011. till then my Indian salaray is credited in US Dollars and hence havent paid tax from 2008. Bu...

income-tax-refund taxable-income income-tax-return

0 votes

2 answers

2921 views

DMNM 1

• asked Feb 1, 2012

Exemption u/s 54

I have invested in a house property in July, 2011 in the construction linked payment plan. I intend to sell another house property for financing the new property. Will I get the benefit of construction within three years from the date of sa...

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

0 votes

2 answers

1452 views

sanju82 1

• asked Feb 1, 2012

captial gain tax on a sale of a commerical shop

Dear pankaj can you clarify if my father who brought a commercial shop in 2001 for 3 lakhs now sold the same this jan 2012 at 15 lakhs after calculating the captial gain after indexing the captial tax is on 9 lakhs rs approx my father alrea...

section-54f commercial-property section-54ec long-term-gains capital-gains income-tax

0 votes

2 answers

4547 views

Sanjay Sahu 1

• asked Jan 31, 2012

confirmation about incom tax

I am a employee of coal India Ltd, and want to know that is the following allowances are taxable. LPG Re-imbursment,medical Re-imbursment,vehicle allowance.

lpg-reimbursement vehicle-allowance medical-allowance medical-reimbursement income-tax

0 votes

1 answers

1166 views

Thomas 1

• asked Jan 31, 2012

Taxes on Sale of Land

Dear Sir, I am an NRI selling my own land in Indian state of Kerala for 24 Lakhs(24 cents). Please advice if this income would be taxable and what should I do to reduce my taxable income if any. Can I use this fund for any other investment ...

residential-land section-54f long-term-gains capital-gains income-tax

0 votes

1 answers

1012 views

xenon_15 1

• asked Jan 31, 2012

Transfer PPF account from post office to SBI

I have PPF account in post office. But i want to make payment through netbanking, so i want to transfer my PPF acconut to SBI. Is it possible? What is the procedure to get it done and how much time will it take?

sbi-ppf post-office-ppf ppf-account-transfer ppf-account

0 votes

1 answers

3413 views