Lalit 1

• asked Jul 24, 2012

Re Investment of Capital Gain from Housing Property

Is it necessary to use Capital Gain from Housing Property to buy property in own name or one can use the Capital Gain from Housing Property to buy property in the name of family member?

reinvestment house-property long-term-gains income-tax

0 votes

1 answers

1531 views

Lalit 1

• asked Jul 24, 2012

Income tax on Sale of Housing Property

My friend (Sr.Citizen) sold his old property last year (Feb. 2011) for 20Lacs and do not any record of purchase price and distributed the money (20Lcs) between his wife & sons. He do not any other income and do not have PAN number and n...

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

0 votes

1 answers

1345 views

Ravindra Gupta 1

• asked Jul 23, 2012

Long Term Capital Gain - Housing Property

I bought a residential house in Oct. 1996 and I bought a flat in joint names with my son and wife in Dec. 2011 by taking a home loan. I sold the old property in Feb. 2012. Now, I wish to purchase a separate flat from the long term capital g...

income-tax-exemption residential-property long-term-gains section-54 capital-gains

0 votes

1 answers

1155 views

Arun 1

• asked Jul 23, 2012

Re-application of ITR-4

Dear Pankaj, My wife works as freelancer for different organizations, and we filled the ITR-4 for AY-2011-12. Recently, I checked the e-filing processing status, it says, "e-Return has been processed at CPC - nil demand/refund". Does it mea...

assessment-order e-filing-processing freelancer itr-4 income-tax-refund

0 votes

1 answers

1988 views

pompom 16

• asked Jul 23, 2012

PPF Issues

I can transfer money from my SBI Savings account to my PF account as both are available under the same Login. I will get the PPF passbook updated later. However, is PPF copy sufficient proof for tax exemption as I have noticed sometimes com...

ppf-statement nomination-change ppf-passbook ppf

0 votes

1 answers

1935 views

Kkpk 1

• asked Jul 22, 2012

Income tax liability on money received from daughter staying in US

Hello, I am 58 yrs old and a pensioner. I pay tax on the pension and some other earnings I have currently. If my daughter residing in USA transfers say Rs.10,000/- per month to my SB a/c in India. Do I need to show this amount of Rs 1,20,00...

personal-tax gift-from-usa income-tax

0 votes

1 answers

778 views

Phani R 221

• asked Jul 22, 2012

Income Tax Refund after 6 years

Hi, I have around 4500 refund for AY 2006-07. I cant see this in refund status also as the return was filed offline. The online link to check refund status says: Your assessing officer has not sent this refund to Refund Banker. I can see th...

income-tax-refund

0 votes

1 answers

815 views

Phani R 221

• asked Jul 22, 2012

Form 7 PS for PF Transfer

Hi, I got the Form 7 PS from my previous company. It contains the contributions made by my company in the concerned period. But during this time with previous company, i also transferred PF from another previous company (yeah too many job c...

form-7ps epf-transfer

0 votes

1 answers

5994 views

tisha 1

• asked Jul 21, 2012

Residential flat possession delay

Hi We have invested in a 2bhk apartment from Omaxe ltd in punjab in Nov. 2009 but till today we have not got the possession.Every time they are delaying the possession date(from 2011 to 12 and now 2013) The demand letter had been coming on ...

demand-letter omaxe-flat possession-delay residential-flat

0 votes

1 answers

980 views

KumarShan 1

• asked Jul 20, 2012

HRA exemption during IT Return

Hi, I got Form-16 without HRA exempted. But in Form-16 its clearly mentioned my HRA Component. Can i claim the HRA Exemption myself during IT Returns using the HRA exemption calculator. Thanks and Regards, Kumar Shanmugam.

hra-exemption house-rent-allowance income-tax-return form-16

0 votes

1 answers

4328 views