bunty 1

• asked Dec 5, 2011

saving tax on sale of land

Property bought on wife's name in 2007. sold by husband through Power of Attorney in Oct 2011. Money deposited in bank. A flat being constructed by a Govt Organisation booked in the name of husband in Nov 2010. Allotment of a specific flat,...

property-sale tax-saving capital-gains home-loan income-tax

0 votes

1 answers

1447 views

Janardana Rao Mudradi 1

• asked Dec 4, 2011

Direct Tax Code

Sir, I would like to know whether the tax exemption will continue under the proposed Direct Tax Code, in the following cases: 1) Repayment of principal amount on the housing loans taken prior to 1st April 2012; 2) Premium paid on Life Insur...

tax-deduction tax-exemption direct-tax-code home-loan income-tax life-insurance

0 votes

1 answers

1570 views

Lokesh Soni 1

• asked Dec 3, 2011

Long term Capital Gain- Housing Property

Sir I am NRI by status and I had Sold a residential plot in Sept 2010 (Rs. 22 Lacs) which was purchased by me in the name of my wife in 2002 (Rs. 2 lacs). Due no availability of PAN of my wife at the time of transaction I used a my PAN and ...

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

0 votes

1 answers

1312 views

Radhakrishnan 1

• asked Dec 2, 2011

employment in Iraq

I have received an employment offer from a Iraq hotel. I am a graduate. Want to know whether there is any ban by Government of India for taking up job in Iraq by Indian citizens.

iraq-visa employment-visa passport

0 votes

1 answers

1052 views

Supraja81 16

• asked Nov 30, 2011

how to get exemption for medical bills after form 16 is generated

HI, My husband is working as free-lancer. They pay amount after deducting tax. At the end of financial year, they provide the form 16. We want to show medical bills and HRA for income tax exemption. When can we show them? How can we do that...

freelancer medical-bills house-rent-allowance tax-exemption income-tax

0 votes

1 answers

2992 views

Supraja81 16

• asked Nov 30, 2011

Possible tax exemption components for free-lancer trainer

Hi Pankaj, Last year we filled ITR-4 form as a freelancer. But we did not show any investments for same. Please let us know what are all possible tax exemption components for free-lancer trainer and upper limit for same. Regards, Supraja

freelancer itr-4 tax-exemption income-tax-return

0 votes

1 answers

1211 views

trav 1

• asked Nov 30, 2011

is paper VISA with old passsport number valid for reissued passport.

Hi Pankaj, I got my emploement visa , but could not board the plane as i had ECR status on my passport. Now I have got new passport with non-ECR status. I have paper-visa sent by my employee via email. Is my VISA which has my old passport n...

reissue passport visa

0 votes

1 answers

1884 views

Jyotika 1

• asked Nov 30, 2011

Reimbursement Exemption

Can prepaid mobile phones be covered under telephone reimbursement, if an employee submits online bills of his/her recharge? what documents need to be submitted for claiming car reimbursement (fuel expenses) on a car owned by the employee. ...

fuel-expenses mobile-phone-bill car-reimbursement reimbursement-proof income-tax

0 votes

1 answers

3293 views

shiva 1

• asked Nov 28, 2011

capital gain tax on selling a residential house

Sir, I have sold a residential house for Rs.44,00,000/- in 2011 November. The plot was purchased in 1981 for Rs.1,00,000. House was constructed in 2010-11 and sold in 2011 November. How can I save the income tax. Should I purchase a residen...

residential-house tax-saving long-term-gains section-54 income-tax

0 votes

1 answers

1416 views

AK47 1

• asked Nov 27, 2011

Advice on LTCG Advantage / Disadvantage of buying TWO plot as a Joint Applicant or Single

I need advice on buying two residential plots together. Should I buy them as: 1-Both plots in my name 2-Both plots jointly with my spouse as a second applicant 3-One plot in spouse name and one in my name. The scenarios can be: 1-We sell on...

co-applicant joint-owner residential-plot long-term-gains capital-gains ltcg

0 votes

1 answers

1863 views