we have RPF trust, We are investing funds in to various institutions, my question is while we are purchasing bonds/shares we are paying accrued interest to the concerned agent or some party , wether that interest is subject to deduction under 193 or 194A? can you clarifiy any one , uegent .

Hi,
I sold my first flat in MAY 2010 after holding it for 3 year 2 months. I made long term capital gain of 4 Lacs. I also bought my 2nd flat in June 2009. I had availed home loans against both of these properties. After selling my first flat, I have invested 4 Lacs into my second flat by doing prepayment for my home loan. So logically I have invested my all capital gain amount in the second property which falls within an year of my first property sale. Am I eligible for LTCG exemption?

Thanks,
BG

i want to purchase infrastructure bond u/s 80ccf of income tax act . please tell me some good yield infrastructure bond

thanks in advance

Hi

My company has sent me to US for work.

I need to transfer some money back in india.

So if i transfer it to my saving account in india will that be taxable as i am paying my tax here.

or

do i need to create a NRE or NRO account and transfer to that account.

Please let me know if u need further info.

Thanks for replying.

I was in USA for sometime and earned some money there, which I invested in buying some bonds and shares there. I have now returned to India and am a citizen of India. I want to know whether the returns I am getting on those bonds in USA taxable in India. If yes, how and under what provision of Income tax Act, 1961?

I received an intimation under section 143(1) claiming a tax liability of Rs 12000 But actually i claimed a refund of Rs 14000 in the return of Income. Against intimation of sec 143(1), I filed a rectification letter. Then I got a order u/s 154 of The ITA 1961 stating a refund of only Rs 1000 and not Rs 14000 . Please let me know what should I do now???Against order u/s 154 of the ITA 1961, what should i File now??? Can a file a rectification against 154??

Respected all,

Should tds be deducted from payments made to banks
section 194A specifically exempts banking companies from tax deduction, but what about other sections like 194J or 194C?

Thanks & Regards
Jyoti

Frnds...my bro is carring a business in which he paid some party cash more than 20000/- but we showed less than 20000/- in different dates..and his criditors did the same...but one of the creditors showed cash received amounting to rs.150000/- in cash.and ito told u have to paid tax & penalty on 150000/-

ONE OF THE PVT LTD CO HAVING LAND SHOWN AS FIXED ASSETS, NOW THEY WANT TO DEVELOP THIS LAND FOR HOUSING PROJECT WITH A JOIN VENTURE AGREEMENT AND THEY WILL GET ONE TIME LUMP SUM PAYMENT AS WELL AS SOME FLAT, PLZ LET ME KNOW THE TAX LIABILITY IN THE HANDS OF THE LAND OWNER AND WHETHER ANY EXEPTION IS AVAILABLE TO HIM OR NOT.
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THANKS
SANJAY

R/Sir
While filling form 56 D for claiming exmeption u/s10(23D)
Which year is to be mentioned whether Financial Year or A.Y for which exemption is sort ti be claimed??