Gunjan 1

• asked Jan 31, 2012

Short Term Capital Gains

Dear Pankaj, Can you please elaborate what are the components of short term capital gains. Is the interest I earn on my saving banks account, bank FD's or rent received for a house comprise short term capital gains

fixed-deposit bank-interest rental-income short-term-gain house-property income-tax

0 votes

1 answers

1279 views

nazir_2912 1

• asked Jan 30, 2012

Tax on PF withdrawal amount

I worked with my first Employer for 7 year & 5 months from Sep-2002 to Feb-2010. They have changed name of organization four times thru mergers or reorganizations. Even they have changed my PF account once. My first PF account was from ...

provident-fund epf-withdrawal income-tax

0 votes

1 answers

2500 views

abhilashgupta 1

• asked Jan 28, 2012

how much ulip investment

dear sir, i am an insurance advisor in a private life insurance co., my client has given me 200000/- Rs. TWO lac only in cash, then i made demand draft from this amount and deposite this D.D. to the LIFE INSURANCE COMPANY along with the PAN...

cash-payment pan-mandatory insurance-premium ulip

0 votes

1 answers

811 views

dsaharkar 1

• asked Jan 28, 2012

Income tax on property

I have purchased a plot from my mother in feb 2009 at rs.4,00,000 and sold it in sept 2011 at rs.10,00,000. No financial transaction was done while purchasing from my mother. And purchased a flat at Rs.3200000 with home loan of 22,00,000 in...

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

0 votes

1 answers

804 views

simmams 1

• asked Jan 28, 2012

tax calculation

Dear Sir, Iam a govt employee in AP. Our employers asking us to submit the IT particalars with salary details alongwith the salary bills of February to be submitted on or before 20th Februry. But, we have to pay LIC premiums in March-2012 a...

insurance-premium advance-declaration income-tax

0 votes

2 answers

1020 views

sujatha 1

• asked Jan 28, 2012

Reinvesting ltcg from two properties in one?

Dear Sir, We are planning to sell one residential property and one or two plots of land to buy land and construct one residential property ie., reinvest two sale proceeds into one plot of land and build 3 or 4 apartments there. Can we claim...

section-54f residential-property long-term-gains section-54 income-tax

0 votes

1 answers

1189 views

Mohit 1

• asked Jan 27, 2012

Entertainment Allowance

Hi Am a salaried professional May Anual Salary for AY 2012-2013 will be 14lacs 1. I have recived 1.28lacs as Entertaiment Allowance this year, is it taxable? 2. I have already planed 1lac for 80C, 1.5lac HRA, 1.5lac Int on Home Loan, 15K Me...

entertainment-allowance taxable-income salary-income tax-saving income-tax

0 votes

1 answers

1307 views

Gunjan 1

• asked Jan 27, 2012

Capital Loss Calculation

I booked a house in March 2008 at a cost of Rs 2025/= per sq ft for 1450 sq ft house. In addition I had to pay Rs 1.5 Lacs for car parking, Rs 50,000 for club, Rs 30,000 for 2KVA power backup. I got posession in Dec 2011. Also I had taken a...

flat-resale possession-year capital-loss residential-property

0 votes

1 answers

1032 views

ank_gl 1

• asked Jan 27, 2012

what is te LTCG on sale of plot?

hi, i am selling a residential plot (brought 10 yrs ago) and buying another residential plot for which possesion would be given to me in 1 year. my question is: how can i avail the capital gain exemption? what if i buy 2 residential plots? ...

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

0 votes

1 answers

1191 views

Sag 1

• asked Jan 27, 2012

Gift Tax Liability

Dear Pankaj, My Grand Mother has sold the agriculture land. Can she transfer the LTCG earned out of it to my a/c as gift to me being her grand son. Pls suggest if there is any tax liabilities on both the parties involved?? Also please advic...

gift-tax agricultural-land capital-gains income-tax

0 votes

1 answers

1556 views