supraja 1

• asked Jun 28, 2011

ITR filling for PF withdrawal amount

Hello Pankaj, I worked for a company for 3yrs 10months. Then i didn;t anywhere for 1 and 1/2 yr. The I applied for PF withdrawal thinking that 5yrs completed so no tax will be deducted. But they deducted 30% tax(maximum possible) amount. Wh...

itr income-tax-return tds epf-withdrawal income-tax

0 votes

1 answers

7884 views

Abhishek 1

• asked Jun 28, 2011

Dual Form 16

Hi, I have two Form 16 one from previous company and the other one from current. Also, I didnt declare the income in current company as Salary certificate was not available. Is there any way I can calculate my income tax using both the Form...

tax-declaration salary-certificate job-change form16 income-tax

0 votes

1 answers

1318 views

Adi 1

• asked Jun 27, 2011

Liquid funds - Charges and taxation

Hi Pankaj, I read on some websites that charges on liquid funds vary between 0.3%-0.7 % and on other websites I read that there are no extry/exit load or allocation/maintainence charges on liquid funds. Which one of these two is correct. Su...

dividend-distribution exit-load entry-load liquid-fund income-tax

0 votes

1 answers

4418 views

OP Dhoundiyal 1

• asked Jun 27, 2011

LT Capital gain on house property

A plot of land was allotted to my father by the Housing board on leasehold basis. This plot was transferred to me by my father and was registered in my name for value of Rs. 38,000 in 1992. In 1994 I constructed a house on the plot investin...

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

0 votes

1 answers

1179 views

Amit B 1

• asked Jun 27, 2011

HRA & Home loan both benifit simultaniously

Can we claim HRA deduction u/s 10(13A) and Interest on housing loan u/s 24(b) simultaneously if both are in the same First we should refer to the related provisions under the Income Tax Act, 1961. All relevant sections are mentioned below: ...

house-rent-allowance hra exemption home-loan deduction income-tax

0 votes

1 answers

4354 views

rajakailas 1

• asked Jun 27, 2011

long term gains on property sale

I purchased a 1bhk in Malad in Nov 1999 for 7.25L, I sold the same property in June 2011 for 30L, What would be my LTCG, can i repay my existing home loan which is 3 yrs old. I am unable to buy a new property with the sale money in Mumbai.

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

0 votes

1 answers

1583 views

g1_patil 1

• asked Jun 26, 2011

where to enter interest payble on housing loan to carry forward the loss

Dear sir, I am facing the following problem while filling the ITR2. I have book the flat in 2009, and paid interest 136910 in the 2010-11. I got the possession in May 2011. I need to carry forward this losses. Please guide me where to fill ...

carry-forward return-filing interest home-loan income-tax

0 votes

1 answers

2260 views

nkjain 1

• asked Jun 26, 2011

Benefit of section 54 under I T Act

In case of joint holders (all individuals) of a residential house, how is long term capital gain on sale of the residential house for each of them is determined and can each one of them avail the benefit of section 54 by investing his share...

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

0 votes

1 answers

2253 views

parivartan 1

• asked Jun 26, 2011

Whether longterm capital gain from sale of a residential flat can be exempt from tax?

1.My father now a senior citizen (68 yrs +)bought a residential flat in June, 1984 at a purchase price of Rs.1,50,000 2.Some renovation of the same flat was done in February 1999 at a cost of Rs. 1,50,000 3.He sold this flat in June 2010 at...

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

0 votes

1 answers

4448 views

shipra 1

• asked Jun 26, 2011

STCG on sale of property

Sir, after DTC, whether half of STCG on sale of property shall be added in income??

property-sale stcg short-term-gain direct-tax-code dtc income-tax

0 votes

1 answers

1580 views