I have sold a House property chargeable under IT act last month.
I wanted to invest the LT-CG gain in another HP. The new property will be handed over to me in 46 month as per builder plan.
I wanted to know whether the Down payment which is more than LT-CG (and 95% of the booking amount)will entitle me to claim exemption u/s 54 if IT act. Also if you can advice me on this.

Thanks

Dear Experts,

I want to know about below note..

it is also informed that the branches are not showing the set of transations in the tds statement where form 15G/15H has been submited by the depositers to the branches for non deduction of tds. please note that such transaction are required to be shown in the tds statements by flagging such transaction with appropriate flag (flag B) as provided in the form 26Q (refer annex - I)

thanks in advance

Our company is 100% EOU . To get the exemption, we have to receive the money in foreign currency within certain limit. Pls let us know what is the time limit . as per my understanding the earlier limit of 6 months extended to 1 year

thanks in advance

ITO ask me to produce cash flow statement in a case of cash deposit of Rs.1750000/- deposited in a saving account during the year in an individual assessee scritiny case where no books of account has been mantained.cash deposited by 10-15 times during the year on different dates ranging from 50000/- to 200000/-. what can i do and how can i prepare the cash flow statement.

we see the 'defaults' menu in tin-nsdl.com.

How to correct the same. Whats the procedure to clear all defaults.

Reply urgently.

Sir,
A company paid insurance premium of Rs.1000/-for the calendar year 2011 (Jan-Dec).During the book closing period of 31.03.2011 which journal entry I have entered for the 9 months. Please give me a reply...

In case of Individual earlier neither PAN recieved nor card, now for Correction(Duplicate card) What to do as no Acknowledgement Receipt available???

Further How to file PAN correction??

Dear All

One of my banker, At the time of making ADVANCE TAX PAYMENT for his custoner wrong PAN no has been fidded in OLTS/NSDL DATABASE however correct PAN was mentioned in CHALLAN therfore such advance tax payment has not been reflect in FORM 26AS and credit was not given to assessee by CPC.

When assessee has filled rectification u/s 154 to CPC, along with copy of challan in which correct PAN was mentioned then CPC has replied that "IF ADVANCE TAX OR SELF ASSESSMENT TAX PAYMENTS ARE NOT AVAILABLE IN ASSESSEE'S ACCOUNT ,AS PER FORM 26AS, THE ASSESSEE HAS TO GET THE SAME CORRECTED BY THEBANK AND CORRECTED DATA UPLOADED TO OLTAS/NSDL DATABASE.

Further I wants to clearify that Therewas specofic guideline regarding payment made on and after 01/09/2011 but our payment transcation is related to March 2010

So please suggest any process to rectify NSDL/OLTAS Data by Banker where is AO(CPC) has directed to assessee to get it corrected by Banker.

if mr. a gifts to his wife rs 100000 in cash . and his wife invest the same . she rec. rs. 5000 on investment .
here clubbing provision will apply or not
ur answer will different if he gifts this amount to his mother or father

the limit of 12% on interest in PGBP is for
- only interest on partners capital
- only interest on loan received from the
partners
- Both of above

and whether this limit of 12% is applicable in sole proprietor business or not