CAN WE REINVEST IN RESIDENTIAL PLOT TO SAVE CAPITAL GAIN ON SALE OF AGRICULTURE LAND

One of my relative is having flat at red zone area. He sold the flat @ 13 lakhs rupees which is the actual price going on that location. But stamp value is 17 lakhs rupees. So can I take valuer report & submit the return taking 13 lakhs as consideration for computing capital gains

A public charitable trust not registered under section 12 AA of Income tax Act. My query is at what rate it would be taxable ? If it is taxable as AOP then will it be taxable at maximum marginal rat?

Dear Expert..

one Question in my mind :

Mr.A total business income 10,00,000/= he file itr 4s minimum 8%( no maint. Accounts book) but he declare 40% profit and paid income tax .
so my question is in future income tax send any notice regarding for document checking / or expense voucher / income details....

reply urgent if possible.

In case of development agreements, we sometimes have to use the cost of construction of the flat as the consideration.
In this case , the cost of construction as provided by the builder is , 957 @ Rs1,200 , but as per the ready reckoner , the rate for construction is @ Rs1,950.
Both of the above values are going to be more than the stamp duty value of the development agreement.

Since the difference is of 750, should I consider 1950 as value (ready recknoer value) or the value as certified the builder. The difference of amount is a bit high and is raising some doubts in my mind, it can raise doubts in mind of AO also. Assessee is willing to pay higher tax amount.

In Form 26 AS i have received a Credit of Rs. 1030 from IOB bank. But no tds has been deducted.
I have also received a Credit of Rs. 1764 ( Saving Banks Interest) and Rs. 904 interest from Fixed Deposit from SBI.
In addition to the above i have interest accrual from savings account Rs. 1292.

Tds from my salary income of Rs. 495 has been deducted.

Now my doubt is that
In income from other sources what is the amount of interest should i mention .
and what is the exemption will get u/s 80TTA.

Please clarify...in order to file return. An will the last date for filing IT Returns will be extended..

In 2014-15, my father was retired. Then he received some pension benefits. While filing the income tax return for that year amount received as gratuity, PF etc are not disclosed because in form 1 there is no section 10 to fill these exempted incomes.But these incomes are deposited into fixed accounts & interest from that is shown under income from other sources.
So as our PM introduced income declaration scheme i wanted to know whether i need to disclose those or not

Good Evening experts Director Remuneration of March 2016 month is accrued by public limited company in F Y 2015-16 but payment made by company in FY 2016-17. In which year this remuneration will be taxable on the hand of Director.

hi guys, I have a income from salary. recently I have bought a flat whose agreement value is below 50lakhs. please advice do I need to disclose it anywhere while filing itr 1? Deepika.

Dear friends,
Please tell me whether the medical allowance paid to the senior citizen is fully taxable or deductible under section 80 D of the income tax act 1961.
Thanks in advance.






Regards
Gaurav