Dear Experts,

I am planning to buy a bigger second residential property from the consideration and sale proceeds of my existing smaller house.
But the condition is that I will buy the bigger house before selling my existing house by taking house loan and then latter will repay the house loan from the consideration received by selling my existing house. I will sell the first house within six months of buying second house.

Is it allowed to claim long term capital gain tax exemption by reinvesting consideration received from first house and payment of house loan of second?

is reimbursement of Travelling expenses including air fare and hotel stay taxable? And if exemption is available to what extent? The taxable salary excluding this is Rs.425 p.a. approx. Thanks

Pls tell me long term capital rate. And short term capital gain rate also.

Sir, My client has bank a/c with The Tamilnadu State Apex Co-operative and for that brnch ifsc code is : TNSC0000035
it is right even i checked the ifsc code in google it shows correctly but where as i entered the same code in ITR in Bank details it shows Invalid IFSC Code .My Doubt is What I Want to do with such bank a/c is to ignored in ITR Form

if Farmar sales aggricalture clya (mitti) so this come is aggriculture or not

Reply urgnet

Dear Sir,
I have uploaded income tax return and want to e verify by digital certificate but in portal income tax e filing no option showning for e verify by digital certificate.Sir,Kindly help me.

please suggest me person has Photoshop and doing photography at rented place but he use name of another person. but rent agreement is in that person name who is doing business of photography. now he want to file income tax than which kind of income he need to sho??? can he show business income

hi,

I am a salaried employee and i received small amount of consultancy fee from other company, I should file ITR-4 but i am getting only two options in online filing of IT returns, 1) ITR-1 (Sahaj) and 2) ITR-4S, here ITR 4S is not applicable to me but even ITR -1 Sahaj is not applicable as i have received consultancy fee also, Pl let me know how to file IT returns, Can i use ITR-1 sahaj and show consultancy fee in Income from other sources.

Hi,

I am having Kurri (Kind of lottery) income of Rs.100000 on which 30% (Rs.30000) TDS has been deducted and there is no other income, so I want to know whether I will get 100% tax refund and if so then which ITR have to file and how to be filed. When I am trying ITR 2 it is not giving any refund. kindly guide.

Thanks,
Surya

if a person received interest on compensation which is chargeable to tax after deduction of 50% of the amount u/s 57 bt if any expense like legal expense paid to get that compensatiion will also be allowed as deduction u/s 57 as it include a clause where any amt as expense paid for earning such income is deductible provided it should not be capital expenditure. will legal exp here is capital expenditure?