I had purchased a builder floor (first residential property) in Delhi in November 2009, as per the details below:
A. Consideration amount: Rs. 04,10,000/-
B. Registry charges: Rs. 16,400/-
C. Brokerage: 13100

I sold the same property in March 2012, details are as under:
A. House Tax paid for two years: Rs. 1,000/-
B. Consideration amount: Rs. 06,40,000/-
C. Brokerage: Rs. 19,300/-

In March 2012 (same month), I purchased a builder floor (residential property) in Delhi, as per the details below:
A. Consideration amount: Rs. 08,85,000/-
B. Registry charges: Rs. 35,400/-
Brokerage: 47200

Please tell me:
1. What and what type of gain on the above transaction?
1. If the gain is taxable or what?
2. I am a salaried female, Indian. How I file income tax return for AY 2012-13 in respect of the above gain?
3. If possible, please send me exact entries column-wise to be entered in ITR form, as per the figures mentioned above on my e-mail address kerrycherry@rediffmail.com

Thanks

Dear experts,
I am getting a problem when tried to filed e return and the same are as below:
1. Filled all the data
2. Validate the same
3. Calculate the tax
4. XML Generate.
The messages are appearing as below:
TO COMPUTE TAX AND INTEREST USING THIS FACILITIES YOU MUST CLICK ON COMPUTE TAX BOTTOM AND VERIFYING THE FIGURES BEFORE SAVING THE XML.
But I am sorry to say that I am not getting Compute tax bottom.
Hence I request you kindly guide me how to file the return.
Thanks and regards,
rd

Hello :
I filed return having short term capital loss by due date of 7000 for A.Y.10-11.
In A.Y.2011 - 12, I further incurred losses of 50000 of short term capital losses, for which I filed return by due date. But while filing I failed to Fill column of Brought Forward Losses of Last Year in return filing form.
But now in Curent Assement Year 2012 - 13, I further incurred Losses of 25000 as short term capital losses. Now I want to file return showing Brought Losses of Past Year in Return Form.
My Question is can I claim Losses of A.Y. 10 -11 while filing current year return though I forget to show in Return of A.Y. 10-11.
My view is that Yes I can claim, since for the Losses I have filed the return by due date.
Please suggest ur opinion.

please answer urgently..

An individual earning income (Approx Rs.99000) by way of Commission form LIC & this is the only source of his income. his is required to file ITR to get back his TDS. Please specify which return he is required to file with tax dept. In case the ans. is ITR 4 then is it a business income or income from a profession & whether attachment of P&L A/C & Balance sheet is required or not with the itr?

Please give advises..
thanks in advance to all experts

Sir

The TDS for the AY 2012-13 is not yet paid by my employer eventhough the same has been deducted.

Shall I claim credit for the same from my tax while filing the return. Please advice.

Thanks

SANTHOSH

dear all,
i wanted to know whether i can claim deduction u/s 24(a) if my rentl income is 0.if yes what will be the gav??
reply asap
thank u

I have the following income during the financial year April 2011 - March 2012:

1. Income from Salary
2. Income from other sources ( Bank Inerest)
3. Long Term Capital Loss on Sale of Equity Shares & Units of Equity Mutual Fund Schemes on which Security Transaction Tax has been paid. ( The Loss is about Rs 6000/-.)
4. Tax Exempt Interest of about Rs 1,50,000/- on Public Provident Fund (PPF)

Please advise which ITR Form should i use to file my return.

Dear Sir/ Expers, My friend is staying in Chennai and working with MNC in Chennai. But he received Form 16 indicating the address of the company in Andraplradesh Vijayawada.My query is that whether the assessee has to file his return in chennai or in Vijayawada. Please clarify me it is urgent. Thanks

1. what is the difference between income tax and professional tax.

2. how the treatment of tax for income tax is different from professional.

Want to claim TDS refund u/s 194D of AY 2011-12...Income does not exceed Basic exemption limit and there is no other income...can i file return of AY 2011-12 right now??