Hello,
My Father owned an old tenanted (pagdi) property since 1973. That building went into redevelopment in 2006 by the landlord of the building.
My father was alloted a new flat in exchange of old tenanted property in the year 2008. He sold that property on the 25th March 2009.
Will be liable for Short term capital gains or Long Term.
Please reply with previous cases ruling the same.
Thanx...

Hi
I have some Queries regarding LTA exemption:-
1.Can a Individual take exemption for 2 journey performed by him in a block of 4 year say 2006-2009 both in assesment year2009-2010.
2.Can 2 journeys performed in a one year say 2008-2009 be claimed for exemption in 2009-2010.
3.Is their any guidelines regarding journey to be performed by Air or rail for Private employees as their in case of Gov. employees regarding their limit of salary.
4. Is Amount to be claimed as exemption in case of Air As given in Sec10(5) of Economy class, to be judged on fare of cheapest airline for that route.
5.If an employee receives Rs30000/- as LTA anually in 2006-2009 and he claims a ticket of Rs70000/-for exemption in 2009-2010 performed his journey in 2008-2009 is he entitled for amount .

Please reply me on Nimit_sharma7@yahoo.com Thanks

Why is the exemption limit Rs. 1,50,000(in case of individual other than Resident women and Resident Senior Citizen)? I mean, how such limit is derived? Why it can't be Rs. 1,50,005 or some other figure?
How are these slab rates fixed?

Regards,
Jinesh

Dear All,

Please let me know , whether TDS is to be deducted on Gross amount of bill or excluding service tax?

Hii can anyone explain the difference between the provisions under Section 276C(1) and 276C(2)

Dear Sir/Madam,
which is the last date to pay the TDS of salaried employees

u/s 80c, only tuition fees paid for full time education is allowed as deduction. But if there is no distinction b/w tuition fees & development fees is made on the fee receipt, then how much amount I can claim as deduction?

I would like to submit the copy of judgment in cae of CIT V. Rajiv Udyog 227 ITR 209 (MP) for penalty proceedings. Please mail me, if you have the judgment copy at the earliest.

with regards,

CA.Ganesh K.Shetty

Dear colleagues.
an assessee has only speculation income from share trading. he has received full the profit from the broker by way of chq.
is balance sheet and profit & loss a/c reuired to be given in ITR 4 ?

if yes,his balance sheet shall be NIL? as he does not have any business assets/liabilites like debtor,creditor,stock etc

regards

paresh zatakia

Well i have got the following query in relation to issued of Form 16A

1. In relation to TDS on Contractor payment. What is the time limit for Issue of TDS Certificate?

2.Income Tax Act says that Form16A shall be issued on monthly basis. So whether One FORM16A annually would suffice.?