kta 1

• asked Jul 16, 2011

capital gains

i have given power for a consideration and have purchased a flat for value more than the consideration i have recd. but the i have got bank loan for that flat paying balance from consideration i recd. i hink since i have purchased a flat fo...

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

0 votes

1 answers

1227 views

Vinayak 1

• asked Jul 15, 2011

Tax on plot sale

Hi Pankaj, I purchased plot in 2004 in Bangalore, sale agreement of 12.75 lacks (~10 was bank loan) and sale deed as per government value was 2.5 lacks...now for sale if we go with 35 lacks in sale agreement and sale deed may go to ~7 lacks...

sale-deed market-value residential-plot long-term-gains capital-gains

0 votes

1 answers

1355 views

Asha Sreeram 1

• asked Jul 15, 2011

Capital gain

Hi Mr. Pankaj, My husband bought a flat in 2002 in which we reside. In 2005, he bought a new flat worth 11 lacs which we let out on rent. In Feb 2010, we purchased our adjacent flat for Rs. 22 lacs. This was in my name. Then in July 2010 we...

residential-property long-term-gains capital-gains income-tax

0 votes

1 answers

1351 views

mkurve 1

• asked Jul 15, 2011

Tax on commercial property sale

I purchased office space in 1989 for Rs. 7 Lakhs, for which i paid 4 lakhs upfront and remaining as a term loan repaid fully in 6 years I now wish to retire. If I sell the place (present cost approx 60 lakhs), how much capital gains tax wil...

section-54f commercial-property section-54ec long-term-gains capital-gains income-tax

0 votes

1 answers

1931 views

Rakhi 1

• asked Jul 15, 2011

Issue with TDS on FD interest

I am having FD for which the bank has already deducted 10% TDS. My tax slab is 10% itself, which means that I am not supposed to pay anything more. Hence, at the time of IT filing, I didn't mention anything about FD. Is it right? Or am I su...

bank-interest income-tax-return tds income-tax

0 votes

1 answers

3030 views

hanumantharaju 1

• asked Jul 15, 2011

Checking provident Fund Online

Hi i am Hanumantharaju i have PF Account in Bangalore and the Number is KN/WF/35821/1789. i tried to check the PF online . but the first two inputs are already filled with BG and BNG so there is no provision for entering KN and WF in the in...

epf-account-check provident-fund epf

0 votes

4 answers

23235 views

social 1

• asked Jul 15, 2011

TAX ON PENSION

Dear Sir, I am retired army person and re-employed in autonomous body of Govt of India. I filling tax since earned taxable income duly included whole pension amount. Now I would like to know any exemption is there on pensionable income?

exemptions retired-person pension-income income-tax

0 votes

1 answers

1128 views

VIKAS SINGHAL 186

• asked Jul 15, 2011

revised Tax return AY 2011-12

I paid balance tax (On Bank saving account interest + interest on balance tax as per sect 234 a/b/c) but forgot to claim house loan interest benefit while filing the return for AY 2011-12. Please advise the action needs to be taken while fi...

home-loan-interest section-234b section-234c revised-return income-tax

0 votes

1 answers

2508 views

Amar 1

• asked Jul 15, 2011

Which ITR form to use ?

Dear Sir, I am a housewife doing part time LIC/Mutual Fund Business. I have the following income this year 1. From LIC Commission: 1,23,881 2. From Mutual Funds(Trail Brokerage): 18,774 3. I also have Interest Income from FD 85,170 4. Exemp...

commission-income income-from-business bank-interest income-tax-return income-tax

0 votes

1 answers

2784 views

adwita 16

• asked Jul 15, 2011

How should i invest 20 lakhs cash that i have right now with me.

Dear Pankaj Batra Sir, I am having around 20 lakhs in my hand as cash right now. I do not want to establish fixed deposit with this amount as already i am under high tax bracket. If i invest in fixed deposit at 9.25% also after tax it will ...

fixed-maturity-plan fixed-deposit investment income-tax

1 votes

3 answers

7344 views