seema 1

• asked Jun 5, 2011

long term capital incom tax calculation if fails to purchase a house with in three years

I sold a house in Aug 2007 and kept amount in the capital gain FD. Which I broken in July 2010 (before completing three years) Now what will happen? 1- How to calculate income tax on the amount I earned from Capital gain wich was deposited ...

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

0 votes

1 answers

2125 views

titatin 1

• asked Jun 4, 2011

ITR 2 ( Income Tax Return )

I am using ITR-2 for AY 2011-12 income tax returns where I will mention my interest income and capital gain from sale of my residence, along with 54EC Exemptions. This I am doing through online as directed by your site. I have taken a sampl...

54ec itr2 income-tax-return capital-gains income-tax

0 votes

1 answers

2179 views

Ashok Jindal 1

• asked Jun 3, 2011

Home loan interest rebate

I had bought two flats, the EMI for both is 20,000 per month each. Can you please tell me how much benifit i can take. Both the flats are ready to live but both i had given for rent@8000 each and i am staying at rent@8200/month.The HRA is R...

emi house-rent hra home-loan

0 votes

1 answers

1475 views

tsrama 1

• asked Jun 2, 2011

Capital Gains on sale of flat

Dear Pankaj, I had bought a flat in 2006 for Rs. 40 lakhs and sold the same in Aug 2010 for 55 lakhs. In Aug 2010 itself, I invested in another flat costing 80 lakhs. The possession of the second flat will be in Dec 2012/early 2013. I have ...

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

0 votes

1 answers

1381 views

raj1234 1

• asked Jun 2, 2011

Detail about drink and drive case trial in mumbai

Dear Pankaj, I live in Mumbai and i work with a consumer durable company. One day i had couple of drinks in office party and while coming back to my home cops hang me for drink and drive. After fine of Rs.2000/- they left me but the kept my...

raj1234

0 votes

1 answers

2860 views

pranav 1

• asked Jun 2, 2011

How to claim HRA & Home loan both

Hello sir , I am having a Flat in mumbai on which I have taken Home loan . But I do not stay there . I stay in my parents Home in Mumbai itself . In such case , how to claim both HRA & HOME LOAN benefits ? pls help .. Regards Pranav

hra exemption home-loan income-tax

0 votes

1 answers

2435 views

rum52 1

• asked Jun 1, 2011

capital gains

i had purchased a land for 2 lacs in 1989 and taken a loan to run the business The land was given in equitable mortgage.The bank went to the DRT and finally in 2009 I paid a sum of 45 lac to clear the due to bank . sold the land for 55 lakh...

ltcg

0 votes

1 answers

879 views

KSR 1

• asked Jun 1, 2011

Capital gain

Tamilnadu Housing Board allotted a plot to me in Chennai in 1967 on lease-cum-sale basis.I had fulfilled the conditions of the allotment within the stipulated period and constructed a residential house on the plot in 1975 and have been livi...

possession-year long-term-gains capital-gain ltcg income-tax

0 votes

1 answers

1269 views

Sandeep Moharana 1

• asked Jun 1, 2011

TAX SAVING MUTUAL FUND

I want to invest around 30k per year for 3 years. in Tax Saving Mutual Fund.Please suggest some SAFE PLAN, which will atleast return my invested money. It can be more than 1 plan. (NB: SAFE)

safe-plan mutual-fund tax-saving income-tax

0 votes

1 answers

1896 views

puneet 1

• asked Jun 1, 2011

tax calculation

hi pankaj my long term capital gain is 40,00,000 pension 200000 other income 30000 . my age is 80+ pls help to calculate my income tax.

senior-citizen long-term-gains income-tax pension

0 votes

1 answers

1565 views