charan 1

• asked Mar 10, 2011

calculating salary

hi i am working in a Pvt org as a Special educator - teacher category. the excel sheet that i came across seems to make things simple and easy. i am bad with numbers but with hard earned money learning about it is something i am still strug...

polio disability exemption income-tax

0 votes

1 answers

1058 views

joshi 1

• asked Mar 9, 2011

TAX SAVING

Dear sir, My mother aged 79 got 22 lac as consideration of property(old) sold in November 2010. We wish to save tax u/s 54EC , since it is long term gain . How can we save the tax . We are more interested 1)in purchasing property or- Till w...

section-54ec long-term-gains capital-gains ltcg income-tax

0 votes

1 answers

1364 views

dr venu 1

• asked Mar 9, 2011

Clarification for tax commutation for this year

Iam Dr Venugopal, presently at Delhi. My Clarification for tax commutation for this year (in chronological Order) purchase of first house* Dec 2001 on housing loan for Rs five lacs. ( self occupied ) Plot alotted in Bangalore on feb 2002 fo...

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

0 votes

1 answers

1438 views

bikramjit 1

• asked Mar 9, 2011

tax implications for NPS

hi pankaj, is it that employer's contribution of 10% is to be taken in employee's gross income for filing tax statement? thank you.

employer-contribution new-pension-scheme nps income-tax

0 votes

1 answers

2412 views

ashok 1

• asked Mar 9, 2011

Long Term Capital Gain Tax can it be saved ?

Hi, I have finalized a 3 BHK flat and I am in the process of purchasing it by taking home loan. Presently, I own a 2 BHK where I am staying. I want to sell my 2 BHK and make partpayment of homeloan. In that case, do I need to pay tax on LTC...

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

0 votes

1 answers

1266 views

Vinay P 1

• asked Mar 8, 2011

house rent allowance

Hi, Me and my wife are both employees and we stay in my fathers house. Now can my wife claim rent receipt from my father fro hra exemption. incidentally i travel to another place and have shown rent receipt from that place and not from my f...

house-rent hra exemption income-tax

0 votes

1 answers

2305 views

hillboy 1

• asked Mar 8, 2011

less tds deducted and wrongly deposited in194j instead of 192b

hi Pankaj , We have have deducted and deposited tds of our contractual employees at the rate of 2.06% instead of 10% and deposited it in the head 194j .moreover we have also not filed quarterly IT return now how it can be ractified and what...

section-194j wrong-tds section-192b tax-deduction tds

0 votes

1 answers

4586 views

satyamare 1

• asked Mar 8, 2011

Internet Expenses

Monthly we are spending Rs.500/- and above on Internet expenses. Are that expenses could be deducted from Income of Retired Employees

internet-expense tax-exemption income-tax

0 votes

1 answers

1445 views

Shiv 1

• asked Mar 8, 2011

income tax exemptions

i am getting INR 27,000 Per month(consolodated).i.e 3.24 lac per annum . what will be income tax on it. How can i save tax through Investment and what is exemptions in Tax under sec. 80C & PPF acc. and any other exemptions.

investment tax-saving exemption income-tax

0 votes

1 answers

2067 views

Anupama Bellave 1

• asked Mar 8, 2011

capital gain tax on sale of a land and purchase of new home

Hi pankaj, My dad had a plot in bangalore since 30 years and we sold it in 2010 march for 50 lacs and constructed a new home in Mysore for 38 lacs. The old plot was in my dad's name and the newly built house is in my mother's name. Can you ...

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

0 votes

1 answers

1764 views