if an assessee lived in his own house for 7 months during the financial year. after 7 months he sold that house and lived in a rented house for 5 months.

in this case, is the assessee eligible to claim deduction u/s 80GG.
If yes, how this shall be computed in this case (as he lived in the rented house for part of year)

Dear Sirs,

I have purchased a property in Oct 2010. The agreement value is 16 lacs and its been registered and stamp duty paid in Jan 2011. I also got an Index-2 for the same. While my form-16 was processed by my employer without considering the stamp duty & regn. charges, can I reduce my taxable income in the returns that I will now file. Also, the deduction under 80C already exceeds 1 lac in form-16, so will I be eligible to still avail benefit of payment made to Govt as SD & Regn charges ? also, the CC of the bldg. has been received in Jun 2011, does this have any bearing ? Pls advice.

is eten good for ipcc?

Dear Sir

case is:
Assessee purchased one floor of a building in fy 1997-98. In fy 2005-06 he gave consent to demolish and construct a new building. He paid Rs.8lacs to a contractor.Contractor demolished the complete building and constructed 5 flats and gave assessee 2 flats.
Now assessee sold those two flats in fy 2007-08. What will be cost of acquisition for computing capital gains ?

Thank you

Please advice, Can I claim the Deduction of "Interest on Loan" taken for purchase of Land ?

And also the deduction of Loan repayment.

And I am not claiming HRA deduction.

Pls advice.

LAND PURCHASED DATE 01.01.1991 RS. 100000.00
BUILDING CONSTRUCTED ON THAT LAND IN MONTH APR.2011 Rs. 500000.00. LAND AND BUILDING SOLD FOR Rs. 1500000.00 IN OCT 2011. WHAT IS THE NATURE OF CAPITAL GAIN ON LAND AND BUILDING WHEN CONSIDERATION IS NOT SEPARATELY DECIDED ???????

Whether speculative business covered by Section-44AD or not..If yes which ITR will be applicable??

IS SUPER ANNUATION AMT. RECVD IN F.Y 2010-11 TAXABLE OR NOT ??

I want to create HUF. How I can create HUF? and what income can HUF have? means only income from Investment or Income like all individual have.

i have bought one commercial property in march 2010 and for the year 2010-2011 it was vacant.do i have to consider the notional rent on such commercial property