I have sold a residential plot on 21/11/2012 for Rs 6500000. Cost of acquisition is Rs 1948302 without indexing. And Rs 2288605 with indexing.
I got the allotment on 25/04/2003. So I am eligible for capital gain exemption.

I have booked a flat on 7 May 2010. I have made a payment of Rs 3628099 till date.
I have consulted a CA and they say that I can only claim the last one year amount not the complete amount and that amount is Rs 2310630.

I have to make Rs 1000000 more payment in the flat and I want to use the balance amount ( 6500000 - 2310630 - 1000000) in the interior of the flat.and before Nov 2014.

In allotment letter it was written that I will get possession in 36 months from Dec 2010, that is due in Dec 2013.


Few of my questions is :
1. Can I come under 54F ?
2. Can I claim the exemption for flat which was booked in year 2010. but the construction is still going on and only on the amount that in paid in last year of date of sale.
3. How much money should I put in capital gain scheme account before 31st July to save my complete tax.
4. I have taken a loan from my sister to pay the booking amount that I paid back to her in Oct 2011 . A month before selling the plot. Can I also claim that amount for exemption?

Hello All
I have received a commission on sale of immovable property in March 2013 for Rs5L, but the co has deducted TDS but not deposited for Rs50000/- till date. I have to file my return. Kindly advise how to show the transaction in the return. Can I show Rs450000/-? If I don't show the amount of commission in the return, what will be the consequences of this as per income tax.
Kindly advise.
Regards
Sanjay

A partnership firm has received interest from partner on their debit balances of capital.
Whether is it taxable u/h Business income or other sources??

respected sir,/madam
I recently registered for cs executive programme the institute asked me to submit response sheets with in the due date.I don't know how to write those answers can any one please provide me those answers.it
is very urgent eagerly waitng for reply pls provide............

Dear Expert,

I have to apply for New TIN in Bhopal(Madhya Pradesh).

Our Company is based on Delhi-NCR.

Pls guide me for same. how i can get the register, is there online facility.

Two companies in one group one party a/c in one company is credit and in other company is debit the difference can be paid from any one company or any other way ? please solve this query to me.

Can we pay penalty(of Rs.20000/-) for late filing of April-June qtr service tax return by self or we wait for deptt notice demanding the same.

Email : gaganca2010@gmail.com

Dear Sir,
My question is that in form 16 is showing the amount of tds is Rs.65000,however in form 26AS showing Rs. 65000 plus interest income from P.N.B Rs.230000 on which tds is deducted rs 23000. Person is salaried person only.
Can ou please tell me which ITR form to be filed & if there any exemption on TDS deducted on interest ,then how to show in ITR ,& also whether interest also to be shown in ITR or not??

Can i use ITR1 For Commission Income?

I have faced a practical prolem, that is there is a company which manufacture paints, had not paid any vat to state government having turover of rs 28 lacks approx. How should we deals with this matter? Vat rate ia 4%