Kanagaraj 1

• asked May 16, 2012

Income tax calculator FY 2012-13

Dear Mr. Pankaj, Thanks for the IT calculator. The amount entered in Leave Encashment (Row 19) of Excel sheet appears to be IT excempted. But our employer calculate tax for this. please clarify.

income-tax-calculator leave-encashment income-tax

0 votes

1 answers

2020 views

DIYARANA 1

• asked May 15, 2012

MEDICAL ALLOWANCE VS MEDICAL RE-IMBURSEMENT

TILL NOW I AM RECEIVING THE MEDICAL RE-IMBURSEMENT FROM MY COMPANY AGAINST SUBMISSION OF ORIGINAL BILLS. NOW THEY ARE PROPOSING TO MAKE PAYMENT OF RS. 1,250/- P.M. WITHOUT SUBMITTING BILLS AND ASK US TO SUBMIT ALL THE MEDICAL BILLS AT AROUN...

medical-allowance medical-reimbursement

0 votes

0 answers

1021 views

Sagi Nair 1

• asked May 15, 2012

Tax on property resale

Dear Sir I request your valuable suggestions for the below query. I have booked a flat in Dec 2009 for which the registration has been done in Jan'2010. However the Apartment is still under construction, nearly finished. Will get the posses...

flat-sale residential-flat short-term-gains income-tax

0 votes

1 answers

1463 views

Ketan Gupta 1

• asked May 11, 2012

HRA can be Claimed with House Loan Claim in Tax Rebate?

Dear Sir, I am working in construction company. For this I have to stay away from my home. 3 Years back I have taken Home Loan for construction of my House. After 2 years it was ready to move in house. But due to my work I am unable to stay...

tax-deduction house-rent-allowance home-loan income-tax

0 votes

1 answers

1578 views

Amit2807 1

• asked May 11, 2012

Long Term Capital Gain Tax - Residential property - Under Construction Flat

Hi, I have recently booked an under-construction flat in a residential project in Bangalore (the agreements with builder to sell and construct have been made in March 2012; builder has given me the allotment letter; and it is expected to ge...

under-construction long-term-gains capital-gains income-tax

0 votes

1 answers

1691 views

Aman 1

• asked May 11, 2012

80C benefit reversal

Hi! Got 3 questions around reversal of home loan benefit (principal) claimed under section 80C. I bought a flat in resale in Jan 2008(FY08) and now planning to sell by June/July 2012(FY13) My queries are: 1) How do these 5 years for benit r...

benefit-reversal home-loan-principal section-80c

0 votes

1 answers

1566 views

lakshms 1

• asked May 11, 2012

Intimation received by IT dept after wrong calculation

Hi, For the assessment year 2009- 2010, there was an intimation u/s 143(1) from the IT dept saying that I need to pay 19k. They hadnot taken into account the 80C deductions of 1 lakh and they have raised it as a demand. I tried to reach the...

notice-143i income-tax-demand demand-notice income-tax-return

0 votes

1 answers

1154 views

jondav2006 1

• asked May 10, 2012

Income and Wealth tax liability on second home

Hi, I already own a house in Mumbai and am in the process of obtaining another in Pune (near to my workplace). The reason for getting a second home is twofold: I want a place of my own to be able to live comfortably in Pune and given the ap...

second-home-loan second-house wealth-tax income-tax

0 votes

1 answers

2348 views

SURAJ 1

• asked May 9, 2012

ecnr stamp

my son is 20 years old and my daughter is 17 years old, we are planning to go saudi on a visit for 30 days with valid return tkt.but they have ecr stamped in their passport. do they need ecnr stamping for travel

ecr-stamp

0 votes

1 answers

1003 views

mm1 1

• asked May 8, 2012

any mutual funds investment to avoid long term capital gain on property

is there any mutual fund that can be purchased to avoid capital gain on property ? if yes. how long one should hold the investment. How many days one has from the date of sale of property to make such investment ? thanks

mutual-fund long-term-gains income-tax

0 votes

1 answers

1037 views