Sunil
19 December 2012 at 10:52

Capital gain on property sale

Respected All, My Uncle purchase a land from HUDA in Gurgaon on 21-05-1993(conv. deed ad allotment date) Of Rs. 210719 , on 26-11-1996 he has paid Rs. 26375 for registration fees. After that he has constructed 484 sq feet area on that plot and completion certificate took on 09-11-1998. he dont have the construction bills so dont know the construction value.

Now He has sold the house in nov 2012 of Rs. 1,80,00,000/-.
Now how can i calculate house construction value or what is the procedure? and what is the amount of Capital Gain, how it calculate ?
Thanks in advance to all.

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Anonymous
18 December 2012 at 18:31

Accounts & taxation

We are three sisters and have a land which was gifted by our father in the year 1960 . And now we have formed a partnership firm to developed a building construction for commercial purpose. Now Questions are :

1) Is it needed to make valuation of the said land ?

2 ) If answer of 1 is yes, then what method should apply to make proper valuation of said land and it should be acceptable to I.T Authority??

3) and it is needed to pay capital gain tax when we are transferring the land to our farm as share of capital ??


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Anonymous
18 December 2012 at 12:25

Tds on salary

Hi,
Please tell me the procedure for calculation for tds on salary

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Dharmendra More
18 December 2012 at 11:12

Td certificate



Dear all,

Form 16A TDS certificate not able to download from NSDL web site. its showing message like data updated before 31st october 2012 only available. what to do data update after that. Whether form 16A is to b issued manually as were doing earlier? Kindly guide........... Thank you

Read more at: https://www.caclubindia.com/forum/tds-certificate-228820.asp

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AMIT KR GHOSH
17 December 2012 at 13:12

Long term capital gain

What will be the Net Income & the Tax Amountif Sale of Land (not Agricuture):-
Full Value Consideration on 01/12/12 is Rs.800000/-
Cost of Acquisition Rs. 400000/-
In Schedule CG - C Date LTCG Provision and LTCG No Provision what figure and in which Date we will mention which figure if there is no any Investment and kept in Bank FD.

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Dhruv K Chandwani
17 December 2012 at 10:32

Sec 54 exemption

if a transferor purchases new property in name of his wife can he claim exemption u/s 54

please give any case ref

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Divya Karthik
16 December 2012 at 17:38

Form 26as

Dear Experts,

My grandfather who is 80 yrs has certain FD on which the bank has deducted TDS.The problem is I am not able to view the Form 26 AS.I have registered his PAN in the income tax but not able to find the tab form 26AS anywhere.Can u help merd....

Thanx & regards

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Yash Dave

first i have recieved 143 (1) notice for ay 2011-12 in which i was not satisfied so i submitted 154 reciticfication online now again i have recived the rectified notice 154 order in which i am still not satisfied so i am submitting online 154 rectifcation again but the online system is not accepting showing error that rectifcation already submiited by u are not allowed to submit rectification request unless the previous request is processed please advice i have calledd many time to cfc and send email of screenshot of error but still the error is coming what do now please help

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Anonymous

i want to start filing the my return physical in hard copy.?


how can i get information , for where i have to file the return and ward wise?

pl suggest the onlline help where i can get the guidence?

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NEHA GARG
14 December 2012 at 11:21

Tds

how to file tds returns when challan amount is more than tds amount is required to be deducted.

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