Income Tax queries [Resolved] [12809]

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Nilesh Jain

This Query has 1 replies

25 June 2008 at 19:37

Set off of Loang Term Capital Gain

Whether Long term capital loss on sale of shares can be set off against long term capital gain on sale of property? Pls also provide respective section and explaination.

balasundaram

This Query has 1 replies

25 June 2008 at 18:53

Insurance ernings taxable or not

1)I have been paying ever year
Rs. 20,000/- for reliance insurance
2)Three years locking period after three years
3) I am an income tax assessee (salary income 35000000/-p.a)

If i will earn Rs. 120000/- after three years

If any tax liability on margin earnings

And please explain U/s. 10(10D) of IT Act
Is applicable in my case

thanks & regards.
balu

panna lal

This Query has 2 replies

25 June 2008 at 18:37

rate of tds

can i charge the rate of tds @2% ON HIRE on equipment?

panna lal

This Query has 1 replies

25 June 2008 at 18:35

rate of tds

what is the rate of tds for payment of hiring charges of equipment?

Muthu Aravind

This Query has 1 replies

25 June 2008 at 18:18

Deffered Tax LIabiility

PLs Explain About Deffered Tax LIabiility

CA.Sachin Bajaj

This Query has 3 replies

25 June 2008 at 17:47

Deduction u\s 80C

Sir will the amount of dividend reinvested in mutual funds, say SBI TAXGAIN Div. reinvested plan, qualify for deduction u\s 80C?

Further will the PPF interest be allowed u\s 80C on the same footings?

The above doubt is created as there is no requirement of depositing the amount out of the taxable income for claiming deduction u\s 80C.

Vishnu Agarwal

This Query has 1 replies

25 June 2008 at 17:34

Allowable&disallowable exps.

Tell me meaning,section,description&more.

Samir

This Query has 2 replies

25 June 2008 at 15:35

Due date of income tax returns

What is due date of filing income tax return for salried individual and person having income from business(not audited)

AMIT KUMAR ROY

This Query has 1 replies

25 June 2008 at 15:23

NSC Interest

Sir,

How i will calculate the NSC interest if i purchased NSC for the amount of Rs.10000 in the Financial Year 2007-08.
Please Explain in Detail or Particular date is necessary for calculating the Interest.

Thanks

SHIVAM GROVER

This Query has 2 replies

25 June 2008 at 15:05

deduction regarding house property u/s 24(b)

if we take loan before 1 april 1999 and spent it to repair a existing house and on 4 th april 1999 i took a fresh loan for constructing upper floor of same house.

My question is this as considering to above said information of what amount of deductions should i claim and what the suitable reason for this?

option Ist 30000

or

option 2nd 15000

or

option 3rd 180000