R/all, I have a query regarding long term capital gain. My father purchase a residential plot in f.y. 1991-92 for Rs. 38000. In f.y. there was an expense of rs 30000 for improvement. Now we are selling the property and consideration will be approx 20,35,000 and expenses for brokerage and traveling etc will be about 50,000.00 registry is due in april 2016 How much ltcg will be payable and how can we save tax. Please suggest

A challan of Rs 74,500 is deposited by Deductor through bank same is shown on Tan based Oltas consisting details (Bsr code, Date of challan, Challan no, amount of challan). the same details were given in filing tds return. As per justification report downloaded from traces CPC shows the same challan as unmatched & raised demand equal to challan amount of Rs 74500. I want to know when all the details of challan are correct then why CPC has raised demand for unmatched challan?? In this case what to do? Is there any way to reply CPC through traces because paper works take plenty of time to resolve this problem??

Dear Sir, Pls advise Fixed Deposit Provision in income Tax act. if FD Period1.50 yr in which amt show in ITR . Regards, Sujata

if don't have pan no. with my landloard and i paid rent above 1 lac then how can take exemption on full amount.

Have a query on what amount TDS will be us 194C under the following scenario - Paper Cost - 189000.00 labour charges for 47250.00 Vat on paper 5%. 9450.00 total bill 245700.00 my question is in the above situation what amount TDS under income tax act u/s 194c will be deducted. pls advice

Dear Experts If a person takes a loan for purchase of a new residential house property, and subsequently repays the loan from the proceeds of the sale of old residential house property will Section 54 be valid as there is an application of sale proceeds of old residential house property towards purchase of a new house property assuming all other conditions are satisfied. Please help

Case: Mr A lives in Noida in a house in which the rent is paid by wife, he receives HRA from his employer situated in NOIDA (workplace). He has a house in Ghaziabad which is owned by him – let’s call the house H1. He travels to his hometown Allahabad (700 kms away from Noida) on weekends and on holidays and lives in Parents House owned by Father. Mr A pays rent to his father for occupying the house for residence and part time business on Saturdays, let’s call this house H2.

Query:
For claiming HRA, is it a precondition that the house should be at the place of work, ie. Noida? as mentioned the H2 is being occupied for a part of the month.

In the above case Mr A is paying rent to his father in Allahabad for H2 and has let out the property in Ghaziabad for Feb and March 2016.
Can he claim HRA against Allahabad property H2 and Housing loan benefit for Ghaziabad property H1.

Evidence of actual rent paid and train tickets of travel available.

Hello All
Sir I need your advise on the reply under E sahyog for the TDS on salary u/s 192B. What will the option to be selected? Pl confirm.
Regards
Sanjay

Hi all, please suggest if have purchased a property whose agreed value is 15,00,000 whereas stamp duty value is 20,00,000. In such a case value for agreement purpose stamp duty value shall be considerd. Now my query is , Is there any way to consider agreement value to Rs 15,00,000.

firm paid penalty of Rs.85000 for F.Y 2014/15 On 27/05/2015 which is imposed u/s 143,
how can i make the entry in tally,as the accounts are maintained for F.Y 2015-16?