My mother-in-law sold residential plot (inherited) at a capital gain of Rs. 50.00 lakh. My wife sold another residential plot (self acquired) at a capital gain for Rs. 16.00 lakh. They purchased a residential flat for Rs. 73.30 lakh in joint name within one month of sale. My question is whether both can claim 'Nil" capital gain tax?

Dear Sir,
I have refund of Rs 9500/- for the f.y 2010-2011 but i have not filed my return for the same but now i want to claim the refund whether i can file my return now online or better to file online and what are the consequences for late filing and measure to save penalty.
Thanks....

Please suggest...i want to study SFM(final) by self..so plz suggest which book, notes, CD-video etc should choose.

thanks

WE ARE GOODS TRANSPORT AGENCY. GOODS BOOKED FROM DELHI TO KATHMANDU(NEPAL), CONSIGNOR PARTY M/S HINDUSTAN LEVER LTD., CONSIGNEE PARTY M/S DABUR NEPAL PVT. LTD.. FRIEGHT PAYMENT MADE BY CONSIGNEE PARTY AT NEPAL. PLEASE CONFIRM WHO WILL PAY SERVICE TAX(CONSIGNOR, CONSIGNEE OR TRANSPORT).

Please let me know the head under which following income are taxable
1. LIC Pension
2. Pension received after normal retirement

(Note that employee is continued after normal retirement as contract employee receiviing normal salaries in addition to above incomes)

Please advise me

hey frns cn u xplain wat s treaty shopping??

Dear experts'
my friend filled ITR 4 for the assessment year 2011-12 for the refund of Rs 2500 with
a receipt of Rs 50000/. but while preparing ITR 4 he enatred gross receipt as 50000/-and gross profit as 500000/-. now the department asking for payment of tax on 5 lacks instead of refund. but itrV shows a refund of rs 2500/- what he has to do? please advice

Sir I have completed my graduation....I already cleared group 2 of ipcc.. I want to know that if I convert in direct entry scheme than again I have to appear for group 2 exam or not? ??

One of my client received interest from builder of Rs. 17,31,507/- on a property on which my client invested in 2005 with amount of Rs. 25,00,000/- , he received total amount plus interest in 2012 , does this amount received in 2012 as interest will be taxed according to income from other sources or we can take benefit of long term capital gain

I AM STAYING IN MY OWNED HOUSE PROPERTY AND NOW I HAD PURCHASED A NEW FLAT WHICH IS UNDER CONSTRUCTION AND ALSO AVAILED A HOME LOAN ON IT. CAN I CLAIM INTEREST & PRINCIPLE DEDUCTIONS FROM MY SALARY INCOME ?