I HAVE RECEIVED INHERITANCE AGRICULTURE LAND IN 2005 AND AFTER THAT I HAVE CONVERTED TO NON AGRICULTURE LAND IN 2015 AND I WANT TO SALE THIS NON AGRI LAND.
MY QUESTION IS ???????
1) WHAT THE COST OF ACQUISITION ????
AND
2) HOW THE CAPITAL GAIN TAX PROVISION APPLICABLE ON THIS TRANSACTION????
TDS will be deducted on VAT Bill
ex. bill Amount 100000
vat 6% 6000
Total Bill Amount 106000
So the tax will be deducted on 100000 or 106000
Hi ..I need help In a matter of Long term capital gain tax exemption...
Last month I sold my land property and LTCG in that deal is calculated 32 lakh. I don’t have any house property in my name at present. I want to invest that whole amount to buy a house worth Rs 65 lakh.. The rest of amount i.e (65-32=33 lakh) is to be invested by my aunt’s son (buaji ka ladka).. we are willing to buy that house in joint ownership.
My Question is … am I eligible to claim LTCG exemption of my 32 lakh u/s 54 or 54f or others section) in case of joint ownership with aunt's son .. Please suggest me what should I do to deal with it...Thank you
Hi All, I am working in private organization .I joined with package 2.4 l in June 2015.after 1 year july I got increment and my package in 2.8 . am I under taxable category or not .
Answer nowSir,
we are partnership firm having payment to non resident individual who from Malaysia. we will require payment $2000 to non resident Malaysian resident not having PAN.
whether TDS is required to be deducted or not.? if yes then which section and what is the rate of TDS ?
Whether Form 15 ca and 15 cb to be filled up ?
if Any DTAA agreement between India and Malaysia regarding such payment ?
Dear,Experts, If two or more individuals want to enter into works contact business forming a mutual concern say,either Partnership Firm or AOP. But,since the income of the firm will taxable by a flat rate of 30%+cess.,so,in order to save tax and to avail the tax benefit can they alternatively form an AOP,by a deed(unregistered) to conduct same business?What issues they may face for not forming a partnership firm? waiting for your advice.
Answer nowIn case assessee is not having bank account then can she file itr by quoting bank of his husband in return in case of urgency or she need to open her account first and then have to file return.
Answer nowcan parties to sale of immovable property, get registry done on value less than circle rate?
Answer nowIn case of left thumb impression, where it need to be attested. Whether all three thumb impression are to be attested. .
Answer now1)While itr-4 is filling in response to notice u/s 139(9), what is to be filled in whether original or revised return? 2)Receipt number asking in return is whether the acknowledgement number of itr filed earlier?
Answer now
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Capital gain tax on non agri land