income_ tax 1

• asked Sep 3, 2012

captal gain tax

Dear Pankaj, My wife has got a capital gain of RS 10 lakhs and she wants to purchase the house thru bulider flat undrecostuction link plan for whi ch possession will be given in 2 to 3 yrs but payament can be made in one go right now.MY qye...

long-term-gains capital-gains income-tax

0 votes

1 answers

1178 views

Vin Always 1

• asked Sep 2, 2012

regular monthly income

sir, I stay in Northe-east part of India and we are exempted from paying any income tax.I have invested in equities, fixed deposits, and mutual funds schemes like diversified equities.The ratio would be 60 equities, 30 fixed deposit.Now I h...

post-office-mis monthly-income income-tax

0 votes

1 answers

715 views

Benu 1

• asked Sep 1, 2012

Proof of investing in residential property

Dear Pankaj Ji I have an old residential house which I am now planning to sell. To avoid LTCG, I plan to invest in a residential property. I have identified a residential plot, the value of the same is more than the proceeds of the earlier ...

income-tax-return residential-property long-term-gains section-54

0 votes

1 answers

1072 views

rakesh 1

• asked Sep 1, 2012

Residential Complex Builders or Developers first year Balance Sheet

My query is regarding Residential Complex Builders or Developers first year Balance Sheet According to Accounting Standard As7 Builders or Developers promoting the Residential Complex Profit is to calculate on Completion of the Project. In ...

residential-property

0 votes

0 answers

10342 views

Sonali_G 1

• asked Aug 31, 2012

Request advice on TDS if applicable

Dear Mr. Batra, I happened to visit your website first time and found it very informative and useful. Can you please let me know if my incentives are taxable as i do not have a fair idea on this. I am working with a recruitment firm. My sal...

tds-on-incentive tax-deduction taxable-income

0 votes

1 answers

1091 views

Elizabeth 1

• asked Aug 31, 2012

Ayurvedic Medical treatment for a disabled person can be claimed

Sir Pls confirm Ayurvedic Medical treatment for a 100 % physically disabled person can be claimed uner income tax

medical-expenses ayurvedic-treatment dependent-disabled income-tax-deduction section-80dd

0 votes

1 answers

1546 views

SHREE 1

• asked Aug 30, 2012

Tax saving on sale of residential land

Had bought a residential land in 2006 and now I want to sell it. Pl. let me know tax implication for this transaction and also let me know the way to save tax on it.

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

0 votes

1 answers

1235 views

vignesh 946

• asked Aug 30, 2012

capital gain account

Hi we have sold one property for 20L. and i consulted one auditor for this also. I have two options either to buy a house in two years / construct one in three years . Till that time the money can be deposited in the Capital gain savings ac...

section-54f capital-gains-account section-54ec long-term-gains

0 votes

1 answers

2015 views

Udai 1

• asked Aug 29, 2012

Want to check the tax credit paid by my Employer for the quarter.

Sir, I want to know if I can check the tax credit paid by my employer to government. If there is any way possible to get this information online, what are the details required apart from PAN , is there requirement of Employers's Tan no. reg...

tax-credit tds-check form-26as

0 votes

2 answers

1616 views

Arjun Kumar Gupta 1

• asked Aug 29, 2012

proof for shortest route

Hi Pankaj, Arjun this side, thank you for running this wonderful blog. I gathered from different articles on the internet that only the shortest route is reimbursed for LTA. I am a bit confused as to how would that be calculated, or rather ...

shortest-distance airfare lta-claim leave-travel-allowance

0 votes

1 answers

1309 views