Capital gain

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sunilkumar (Querist)

05 February 2013 Sir....
Stamp duty paid on transfer of land can be claimed as transferring expense??
Is there is any limit on of transferring expenses in case of short term capital gain

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

05 February 2013 Yes, you can claim expenses of stamp duty. And there is no limit to claim transferring expenses but in case of any queries from Ao then you have to prove the expenses incurred.

OM SAI SRI SAI JAI JAI SAI

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sunilkumar

sunilkumar (Querist)

07 February 2013 Sir
Can you tell me Income Tax filling of Trust.I know about the due date for the filling of return of a Trust is 30th September.Is there is any relaxation for a Trust which filling its return for first time.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

08 February 2013 According to my knowledge there is no such type of specific exemptions or relaxations to file return due date. There is only one unique due date for all assessee i.e 31st july for non-audit assessee and 30th july for audit assessee and partners of audited partnership form for their individual assessment. But no specific relaxation regarding the increase of due date in any other case either new or old or any type of assessee. For your more clarification please refer section 139(1) of the Incometax act it will clarify your regarding due dates of filing.

OM SAI SRI SAI JAI JAI SAI

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