sale consideration flat sale 45,00,000

less: index cost of acquisiton
300000 * 852/199 12,84,000

less: index cost of improvement
400000*852/426 8,00,000

long term capital gains 24,16,000


so this ltcg is to be invested in new residential flat of cost 24,16,000 to claim sec 54....


now ma question is----- the indexation benefit of nearly 20,00,000 -can it be used to pay housing loan o/s settlement value of
19,00,000.... can it be used ... please tell me

i-t filing for a.yr 10-11 can it be done now.... or it should be done from 11-12???

it is for salaried employee,
having salary of 4 lkhs p.a
lic payments
housing loan repayments der
tuitons fees der

housing loan interest part is max 1,50,000 right and principal is 80 c???

I am a government employee, for the financial year 2009-2010, total tax of Rs. 20000 has been deducted from my salary which is shown in my form No. 16 issued to me by my employer, but tax credit of only Rs. 8000 has been shown in form 26AS, so tax demand of Rs 12000 has been raised by IT department under section 1431a, I drew attention of my employer many times towards this matter, but it is not taken seriously by my employer, while contacting the assessing officer of IT department where I filed my return, he said that we can't withdraw the demand untill full tax credit is reflected in our system, now what is the option for me please give guidance.

I am a government employee, for the financial year 2009-2010, total tax of Rs. 20000 has been deducted from my salary which is shown in form No. 16 issued to me by my employer, but tax credit of Rs. 8000 is shown in my 26AS form, so tax demand of Rs. 12000 has been raised by IT department under section 1431a, I drew attention of my employer towards this matter many times, but my employer does not take this matter seriously,now what is the option for me, so that the demand raised by IT department can be withdrawn while contacting the local IT office where I filed my IT return, the assessing officer said that we can't withdraw the demand till the full amount of your deducted tax is not shown in 26AS form, so please guide me.

Downloading Form-16A for the 2nd quarter which it shows the default summary. Try to download the default summary report it cannot be generated. Please guide me how to view the default summary

After issuing a pan card is it necessary to return the file

I would like to know. 1. Who is liable to pay wealth tax and how much? 2. How do you calculate wealth tax?

If an Individual has two loans against one house property, what will be the treatment of such interest and principal repaid for income tax purposes?

Will deduction of interest and principal repaid be allowed for both the loans?

Please reply.

hello Sirs, I am accountant of privat company. at what rate and saction TDS should be deducted from payment to event manager. Total bill amount is 6 lakhs. Eventmanager has to do decoration as well as dance and other performance at our property. Please advice. Thanks. Bharat

dear sir,
My question is this "Can i submit IT-return by shown 75% payable of total tax liability"?