Supraja81 16

• asked Sep 22, 2011

tax on land sale

HI Pankaj, Last year my father sold some agricultural land and kept amount in bank for sometime.After that he took it and bought sites with that. Today he got notice from income tax department to pay tax on that amount. How to handle that. ...

department-notice section-54f agricultural-land capital-gains income-tax

0 votes

1 answers

1310 views

GM75 1

• asked Sep 21, 2011

long term capital gain account

Hi, I have sold a land in the month of april 2010. I am incurring Long term Capital gain of Rs.50,00,000. I have not yet found a property to buy or reinvest my ltcg. I have opened a LTCG account with a nationalise bank and have deposited Rs...

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

0 votes

1 answers

1488 views

naresh 17 1

• asked Sep 20, 2011

re : retainership fees/ tds

if a loss making company , pay retainership fees of rs 20000 pm can the company do it ? if so should it deduct tds from that amount ??

fees retainership

0 votes

0 answers

2114 views

VIKAS SINGHAL 186

• asked Sep 20, 2011

LTCG - Gold ETF

How LTCG is applicable on Gold ETF? How it is calculated?

capital-asset gold-etf gold-mutual-fund long-term-gain ltcg

0 votes

1 answers

2072 views

Amit Bhati 1

• asked Sep 18, 2011

insurance for self

how much sum assured for self income annual 03 lakhs

dependent-family sum-assured term-insurance

0 votes

2 answers

1126 views

krishna 1

• asked Sep 18, 2011

Tax Exemption on new savings plan

Hi Pankaj .. thanks for all the info .. this site was of real help to me. Im planning to start investing(Begineer) on mutual and equity funds and SIP. I have doubts w.r.t to investing. Please help me in understanding the following :: 1) Is ...

systematic-investment equity-funds tax-exemption mutual-fund direct-tax-code

0 votes

1 answers

1458 views

roger 31

• asked Sep 18, 2011

Housing loan benefits

Dear Sir, Both myself and my wife are working professionals. Can the both of us independently claim housing tax benefits on 2 separate residential properties bought on joint names? Further if we are not residing in either of them can we pla...

joint-owner housing-loan-interest house-rent-allowance section-24 home-loan income-tax

1 votes

1 answers

1504 views

roger 31

• asked Sep 18, 2011

LTCG on sale of residential plot

Dear Sir, We are in the process of selling a residential plot of land. Can the indexed gains be used to buy another plot land and in the process can I save on LTCG? Thanks

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

1 votes

1 answers

1839 views

Shankar 16

• asked Sep 17, 2011

Value of property at the time of purchase-which is the way to calculate

A flat purchased in 1999 was registered at 3.9lakhs only. For capital gains tax calculation, what shall be the value of the property? Shall I take only the registered value or sum of registered value of the property and the registration dut...

purchase-value property-cost registration-charges capital-gains income-tax

1 votes

1 answers

1017 views

sreekant 1

• asked Sep 17, 2011

mutual fund switch

hii i have the following mutual funds and SIPs investment date DSP blackrock TIGER Fund-Gr 25,000 4 jan 2008 Franklin India Prima Plus(SIP) 3,000/month 13 feb 2008 Reliance Growth Fund 25,0000 4 jan 2008 SBI Magnum Tax Gain Fund 25,000 4 ja...

systematic-investment mid-cap large-cap sip mutual-fund

0 votes

1 answers

1974 views