qualitex 1

• asked Aug 9, 2011

LTCG :: Timing & Calculation

I have sold my flat & profit from it will be LTCG . I booked two Under Construction Flats ( by paying 10% amount ) 15 months before sale of my old flat . I hv paid another 40% in 12 months prior to sale of my old flat & will be payi...

under-construction long-term-gains section-54 capital-gains ltcg income-tax

0 votes

1 answers

1947 views

rokkam5555 1

• asked Aug 8, 2011

Exemption on house loan intererst

My housing loan interest works out to be Rs. 3.5 lacs apprx for the current F.Y. 2011-12. I have let out the flat. Up to what amount I will get exemption on account of loss on house property. Rokkam K Rao Hyderabad.

home-loan-interest rental-income tax-exemption section-24 income-tax

0 votes

1 answers

2707 views

hema 1

• asked Aug 8, 2011

tax calculation

Hi Pankaj, i want to invest approx 40 lakhs in SBI bonds, for 15yrs @9.97%, I want to know how much do i have to pay in tax, to calculate my returns on bonds.I have no other taxable income. Thanks MISS HEMA GUPTA

sbi-bonds fixed-deposit taxable-income income-tax

0 votes

1 answers

1361 views

nasir 1

• asked Aug 8, 2011

Quary in regarding online PF balance check..

Dear Pankaj, Thanks for your help. But I am still getting error like as follows : STATUS for Member ID: DL/CPM/24264//085 Invalid Member_id / Data not updated against this DL/CPM/24264//085 **Data updated till 29-06-2011 19:08:11 DL/CPM/242...

online-balance-check provident-fund epf

0 votes

1 answers

4256 views

Green123 1

• asked Aug 7, 2011

Sell of a flat to buy a residential plot - implication on Capital Gain

Dear Sir, I had booked a flat in 2005 and kept paying the billed amount as per progress of construction. The flat is now ready in 2011. Sale deed is registered in April 2011, In the sale deed by builder has mention of the proportionate port...

residential-flat short-term-gain capital-gains income-tax

0 votes

1 answers

1605 views

VijayV 1

• asked Aug 7, 2011

capital gain tax on sale of land

Dear Pankaj, I was allotted a Gov't plot in 1982 and completed the installment payments in 1986. I got it registered on my name only in 2007 after paying a stamp duty of Rs.1,20,000 (as prescibed by Gov't). I am planning to sell the plot fo...

indexation brokerage residential-plot long-term-gains capital-gains income-tax

0 votes

1 answers

1522 views

Jitu 1

• asked Aug 6, 2011

ITR Receipt Status Not Yet Available

I have filled up my ITR 8 days back but still status is not yet available. what should I do

itr-v itr income-tax-return

0 votes

2 answers

1977 views

Sudhir Pundir 1

• asked Aug 6, 2011

capital gain

Dear Pankaj thnx for quick reply but still i have some doubts 1. Can we purchase the two properties in joint name or we have to purchase it separate individually 2. If first property a flat is purchased for 55.00 lakhs from builder. Can one...

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

0 votes

1 answers

1363 views

dawnbasco 1

• asked Aug 6, 2011

Is "share from parental property" taxable income?

My father had a land that he acquired from his own source of income i.e the property belonged exclusively to him. We are three brothers and mother is surviving and styaing with us in turns as per her wish. My father has expired since and be...

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

0 votes

1 answers

2726 views

vishal 1

• asked Aug 6, 2011

LTCG ON LAND SALE

Hello, Find ur answers very informative and helpful, keep the good work going!! There is a residential plot on my wife's name which we want to sell now- CP: 9,00,000 and SP: 15,00,000. We want to purchase one ready-to-move-in flat in delhi ...

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

0 votes

1 answers

2328 views