Indraguru 1

• asked Sep 7, 2012

Long Term Capital Gain

I have purchased a land and constructed a house there on during 1989-90. The cost of the land is Rs.12000(having documents) and cost of construction came to Rs.150000(having records for Rs.80000 as bank loan). Now I am selling the property ...

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

0 votes

1 answers

1047 views

anand19779 16

• asked Sep 7, 2012

Exemption Limit on various allowances / reimbursements

Hi Pankaj, Would you please tell us if there is any limit on the maximum amount of exemption that can be claimed against these - Professional Development Allowance, Periodical Journals, Telephone Reimbursement and Internet Reimbursement? Al...

telephone-allowance exemption-limit professional-development non-taxable-allowance

0 votes

1 answers

3063 views

anand19779 16

• asked Sep 6, 2012

Professional Development Allowance - taxable or not?

Can you please tell me if the component - Professional Development Allowance is taxable or not? If non-taxable, then please also advise if we need to produce receipts/bills. I see that you have explained about all the allowances except this...

professional-development non-taxable-allowance income-tax

0 votes

1 answers

32370 views

nareshvatsal 1

• asked Sep 6, 2012

Tax on Small term capital gain

Hi, How person has to calculate tax on small term capital gain? When person need to pay tax? Regards, Naresh Vatsal

short-term-capital-gain short-term-gains capital-gains income-tax

0 votes

1 answers

865 views

VeeJay 1

• asked Sep 6, 2012

Revision of loan interest rates

Hi, I have a realty loan from SBI disbursed in Jan 2007 for purchase of a site and henceforth construction of house in the same site. Though the document said the rate of interest would be raised from home loan rate to commercial loan rate ...

retrospective-calculation interest-arrears fair-practice rbi-complaint home-loan-interest

0 votes

1 answers

1717 views

SURINDERGOEL 1

• asked Sep 6, 2012

CAN I SAVE LONG TERM CAPITAL GAIN

IN 2005-06 **I PURHCASED A LAND FOR 595800/- (Including StampDuty & Brokerage etc.). AND IN 2011-12 Rs. 409600/- ADDED AS IMPROVEMENT COST. NOW, I HAVE SOLD 2/3rd PART OF THIS PLOT FOR Rs. 20,44,500/- AND PAID 48000/- AS BROKERAGE. ALSO...

long-term-capital-gains

0 votes

0 answers

617 views

SUBODH 1

• asked Sep 5, 2012

Long Term Capital Gains on sale of my Plot

Hi I have already a house since 97. One plot was allotted to me in 2002-2003 by NOIDA Authority which was on yearly installment basis. Finally registered & took procession in 2008 total cost 5.75 Lac . Now sold in 2012-13. at 52 Lac .Ca...

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

0 votes

1 answers

1240 views

naga 1

• asked Sep 4, 2012

capital gain

I own a flat and a plot. The flat was purchased 4 years back from my savings + bank loan and the plot was purchased about 20 years back. Now, i plan to sell the plot and invest the entire proceeds in purchase of a flat. This i plan to do in...

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

0 votes

1 answers

1059 views

Kapil 1

• asked Sep 3, 2012

Addition of name in property

Dear Pankaj Ji, I have bought an apartment from a builder and have entered into Agreement for Sale in my name which is registered with sub registrar by paying stamp duty as required (1percent), the apartment is yet to be finally registered....

addition-of-name property-transfer gift-deed

0 votes

1 answers

906 views

income_ tax 1

• asked Sep 3, 2012

gift tax on transaction

I want to give RS 20 lakhs to my wife as gift to purchase house in her name.What will be the tax liabilty to her or to me.

gift-to-wife gift-tax income-tax

0 votes

1 answers

952 views