naveen 6

• asked Jul 15, 2011

Capital Gain Tax

Dear Pankaj Thanks for replying promptly, I have another query from one of friend. He purchased a flat in Sept. 1997 for 2,58,915 and he sold on June 2011 for 20,00,000. He is not planning to invest this amount in purchase of flat. How much...

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

0 votes

1 answers

1380 views

A9S6 66

• asked Jul 14, 2011

SIP vs Lumpsum investment

I have two Mutual Fund SIPs, the amount gets deducted on 14 and 15th of every month for the last 10 months. I have noticed that the market is not always favorable for investment at that time so I have this question whether I should take con...

lumpsum-investment equity-mutual-fund sip mutual-fund

0 votes

1 answers

2559 views

Prashant Kanase 1

• asked Jul 14, 2011

about taxation system

R/S SIR, my salary package is 3.5 LPA....how much tax i have to pay & how much investment i should make to save it......? thanks in advance!!

income-tax-calculator investment income-tax

0 votes

1 answers

1351 views

Karthikeyan 1

• asked Jul 14, 2011

Do I need to pay interest under sec 234b,234c

I have 2 form 16?s for last financial year as I worked with 2 employers Total tax comutation Rs 32610 TDS detcuded by employers Rs Rs24950 Tax that I have to pay still is Rs 7660 (not paid yet) Now Do I have to pay interest under sec 234b, ...

234c 234b tds form-16 interest income-tax

0 votes

1 answers

1802 views

taxfiling 1

• asked Jul 14, 2011

Income tax

Hi pankaj I have filled the ITR1 excel sheet and mentioned the taxable income,and payable tax. I have invested around 2lacs in shares and the market value as of today is 1 lakh in the current year. do i need to fill ITR1 and ITR2 or only IT...

itr1 e-filing taxable-income income-tax

0 votes

1 answers

1087 views

jyothiprasads 1

• asked Jul 13, 2011

Query on 15H/15G form

Pankaj, I had recently received a message from State Bank as follows: "Pls. Submit 15H/15G from, as applicable, to avoid "Tax Deduction at Source". Contact Us for details". Can you pls. let me know what are these forms and why it is require...

form-15g form-15h tax-deduction tds income-tax

0 votes

1 answers

3371 views

rajesh p 6

• asked Jul 13, 2011

long term capital gain

thanks for your reply sir! but as you say that long term capital tax will be calculated on govt valuation then the tax amount will be very high and unaffordable. i have also bought a residential flat for rs. 60 lakh six mounths back will it...

section-54f residential-property capital-gains income-tax

0 votes

1 answers

779 views

shurdie 1

• asked Jul 13, 2011

DTC - implementation date

Some tax practitioners are of the view that DTC is unlikely to be implemented wef 01 April 2012 (AY 2013-14). This does make investment planning a 'dicey' matter. Any feedback on the implementation schedule?

investment-planning direct-tax-code dtc income-tax

0 votes

1 answers

1910 views

taxfiling 1

• asked Jul 13, 2011

Income Tax filing for 2011-2012

Hi Pankaj, I have calculated the total income and total tax payable using the income tax calculator excel sheet since i have worked for 2 companies. I have filled the ITR1 excel sheet. During the financial year i have invested 4lacs in shar...

e-filing income tax

0 votes

1 answers

1868 views

RAHULXXX84 1

• asked Jul 13, 2011

tax on gift deed

hi i m rahul.just want to know gift given to me by my brother in law (saala) and father in law (sasur or saas) taxable or not. can reply me at [[email protected]]

brother-in-law father-in-law gift-to-relatives gift-tax income-tax

0 votes

1 answers

1578 views