suren 41

• asked Jan 10, 2012

How to claim LTA,medical bills if you have changed the company and didn't submit anything in last company?

Hello Sir, I worked with a company from april 2011 to nov 2011 then changed company but i didn't submit any medical bills,LTA bills and rent slip in my last company. My new company said that they will take medical bills ,LTA and rent slip f...

medical-bills house-rent-allowance medical-reimbursement hra income-tax

0 votes

1 answers

3416 views

Hiren Doshi 1

• asked Jan 10, 2012

Long Term Capital Gain on residential property

Hi, I had a residential house registered in the name of my cousin brother. We live in a joint family. We had purchased the house in 2006 for Rs. 25 lacs and sold the house in 2011 for Rs. 75 lacs. I have opted for a housing loan from LIC in...

long-term-gains capital-gains ltcg income-tax

0 votes

1 answers

1209 views

tanvinay 1

• asked Jan 10, 2012

Computation of Long Term Capital Gains

Hi, I had purchased a piece of land in Nov 2006 for INR 23 lacs. I now plan to sell it at INR 49 lacs. My questions are as under: The CII for Nov 2006 would be 519 (FY 2006-07) and if i sell it by March 2012, the CII would be 785. If i sell...

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

0 votes

1 answers

1612 views

rakesh 1

• asked Jan 10, 2012

service tax

Dear Sir, My question in on service tax is as follows; Sub-contractor engaged in Infrastructure contract of Bridge and he had only supplied labour to the site whether his service will be exempted from service tax,if answer of my question is...

construction-contract service-tax

0 votes

0 answers

1581 views

MGJ 1

• asked Jan 10, 2012

Leave encashment clause clarification

The exemption is to be limited to minimum of all below: 1. The actual amount received 2. The cash equivalent of leave balance (max 30 days per year of service) 3. Maximum of 10 months of leave encashment, based on last 10 months average sal...

non-taxable leave-encashment tax-exemption income-tax

0 votes

1 answers

1962 views

arungpf 1

• asked Jan 10, 2012

Tax on long term

My father has recently during Sept 2011 sold the property of his grandfather which was in his name and re-build during 1994 and the property was considered as partly commercial and partly residential. The sale proceeds of the above property...

property-sale long-term-gains capital-gain ltcg income-tax

0 votes

1 answers

1173 views

snagraju 1

• asked Jan 10, 2012

Travelled by Taxi will exempted under LTA or not?

Dear Sir I have traveled to Kullu Mananli by hiring private taxi and i paid for it a sum of Rs. 15,000/-. I am availing LTA Rs. 13304/- which is CTC. Will this amount exempted under income tax act or not? please help

private-taxi tax-exemption leave-travel-allowance income-tax lta

0 votes

1 answers

2784 views

Jayaramachandran Rajendran 1

• asked Jan 9, 2012

STCG / LTCG for sale of second property

I would like to enquire about the sale of a property (flat) that I got registered in the year 2011.I do have another house which is a land+property bought few years back and is still being held. If I have to sell the flat in the year 2012, ...

property-sale short-term-gain income-tax

0 votes

1 answers

1052 views

Arun 1

• asked Jan 9, 2012

Meal Coupons-Sodexo & Ticket Restaurant

Dear Mr Pankaj, I get Ticket Restaurant Meal Coupons of Rs 1100/- every month. But, now since most of the retail shops (big bazaar, spencers, etc) are not accepting these coupons, my company has given option of taking this value as part of ...

ticket-voucher sodexo-meal-pass income-tax

0 votes

1 answers

6201 views

krishee 1

• asked Jan 9, 2012

settlement

I had a land at chennai, bought from housing board and built a house during 1971. Last year 2010,I demolished the old house, for building a new residential cum commercial building. Building is likely to be completed by feb,2012. About 6 mon...

section-54f under-construction commercial-property income-tax

0 votes

1 answers

904 views