One of Client Has purchase a flat costing Rs.70 Lacs on 2006 and on 2010 he gets the possession.

Now on 2011 he wants to sell the flat sale consideration around 1.50 crores and purchase the new flat costing Rs.2 Crores

Now whats the Tax implication for selling the flat.
and if any tax liability occurs then what are the option available that no tax liability occurs or reduction in Taxes

Please provide Sections also

Sir I want to know the use of and difference between challan 280 and challan 281

thanks...

What option are presently open to invest in 80CCF?

please suggest the website.

sir,
If if an foreign company wants to choose an option between Subsidiary( 100% wholly owned) or Branch office in India..
which is most favourable for it on taxation issue.

Dear All,

We have changed the name of our company and are planning to convert our company into a limited liability partnership. Please let me know the procedure to change the PAN & TAN details.

Have to change the following;
* Name of organization
* Company to LLP

Please reply at the earliest.

DEAR SIR,
LAST YEAR I HAVE FILD MY INCOME TAX RETURN ONLINE & I GET RS.3000/RETURN 2010-2011,
BUT TILL I HAVE NOT YET RECEIVED TDS AMOUNT
SO I HAVE CHECK MY TDS REFUND STATES.
WHAT IS THE PROCEDURE FOR THAT?

I have received a demand notice for Rs.822/-pertaining to AY 2003 under S 143(1). It is not clear whether it is applicable to AY 2003-2004 or 2002-2003.
Secondly, in the year AY 2003-2004 while filing Saral form no 2D, I had shown under column 35 add interest payable 828/-. Does it have any relevance to above demand?
My taxable AY 2003-4 Rs.290266
Income tax payable Rs. 61081
Less rebate Rs. 6843
add surcharge Rs. 2712
Net tax payable Rs. 56950
Less T D S Rs. 43688
Add int payable Rs. 828
Less Self ass tax pd Rs. 14090
Bal payable/refund NIL
Chalan of Rs 14090 was paid in SBI on 6/9/03.Pl guide me whether I still owe any thing to authority?

Hi, I've uploaded an e-return today for AY 11-12 and recieved ITR V also. In the ITR-V, still tax payable is there. how shall i rectify it?

Pls suggest.

suppose i have home loan of50 k for the 10 years , how i will get benefit for my income tax return, for how may years. interest paid on loan is consider if it is consider how will be treated