A man purchased a land in 2001 @ 125000 and it is sold in 2010 @ 1300000.He utilised this amount to purchase another land in his wife's name in 2010.
What are the expenses we can claim?
Can we deduct expenses at the time of purchase as well as sale?
Can we reduce commission paid while capital gain computation?
How can we reduce the capital gain?Is there any exemption?
Any case laws?

Please consult.

friends ,

in 80c deductions employee & employer contribution is allowed as under section 80c
or only employee pf contribution is allowed as a deduction

I want to verify PAN of a party, when i verify it on traces site it is shown by their name but status shown as deleted and on income tax site it showns no record exist but the problem is he(party) provide us the photocopy of his pan card.
we have to file tds return and what are the actions which we have to take against his pan. how can this be possible.

What is a union budget.its speciality/relation&similarity with other budgets?

I have a partnership firm with one partner, Our Firm works as a francise, total turn over of the firm was 180000/- u/s 194H as per form 26AS during the FY 13-14,TDS deducted Rs:- 18000/- I want to file return, I want to know, do I have to maintain books of accounts u/s 44AA, in case either I claim refund or not ?????

Its urgent

Requested to please me the full order of of ITAT Mum in case of Hindustan Oil Exploration Co ltd9 ITAT Appeal No:179/Mum/2007.

Hello Sir/Madam,I would like to know if a relative cover under the definition sends money from abroad directly in a bank. Then is it taxable or tax free and what proof do I need to have.P.S. I couldn't find a way to edit the previous query so I posted a new one.

Mr A (Prop)under audit case

His case come under scrutiny for the FY 2012-13.

In which officer has disallowed HRA given to employee.

disallowed the exp to the extend 180000.00 and charge income tax.

Sir my question is:

(i) employee has file return as per hra given what will happen?

(ii) know tds is also applicalbe.

(iii) clearly explain from the point of view of employer and employee on urgnet basis

Income of minor child suffering from specified disabilities (under section 80U of the Act), income from any manual work and any activity involving application of minor�s skill, talent, specialized knowledge and experience are not subject to the clubbing provisions. Such income is taxed in the hands of the minor, who then gets the benefit of basic exemption of Rs. 2.5 lakhs. My Question is : - In such case, Can he/she claim all other deductions under Chapter VIA viz 80C, 80D, 80U, 80G.

A property is on wife's name and home loan is on husband's name who can avail deduction u/s.24(b) and u/s.80c?