my grandfather bought a property in delhi in 1966 for Rs 12,000.
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my father inherited this property in 1997
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my mother and I inherited this same property this year , 2014.
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we have sold this property for 3 crores and bought and apartment for 1 crore , this year-2014


Query:-
would there be any capital gains tax liable to us .if so, could we save capital gains tax by investing the rest of the money in a long term fixed deposit in a nationalized bank.

would really appreciate your help in this matter .

thanks

My relative has F.D.s in (A) Banks as well as (B) Corporates . Is it necessary for him to show the Interest earned from these two sources in seperate accounts in his Books of Accounts or can he just credit the interest earned from both to the same account , namely , "FD Interest A/c" ?

In other words , does the I-T Act have any different rules regarding the Taxation aspect of these two types of income or from the taxability point-of-view they are just one & the same ?

Which is the best book for Indirect tax portion of IPCC ?

I sold a plot and made long term capital gain. I invested the amount in capital gain account scheme within 3 months.
And within 8 months purchased new house in Chennai. I already have one home in delhi.
Question is will I get benefit of section 54F.
If no, what can i do to save capital gain tax.

my question is -
X ltd has deducted & deposited tds on 4 transactions from Mr.Y during the month of may,2014 u/s 194C. how will it be shown in RPU for the quarter ended June,2014:
(i) total basis or
(ii) Transaction basis

thanks in advance

while filling ITR 1 and claiming exemption under 80G there is a box that is demanding the PAN No of donee to be be put in. As I have donated towards CM Relief Fund and there is no mention of PAN No in the account. Now what should i do to file ITR1 to claim exemption under 80G. Without the mention of PAN No the relevant column is not functional.

Is Industrial Training for 1 year is inclusive of leave for finals or excluding leave. Plz guide me on this.

kiya koi coaching center ipc ke mock test kra raha ?

Is the Section 87A is applicable in the AY 2014-15

Sir, would like transfer my articleship on medical grounds, the letter for taking consent of the institute to whom I have address. either Secretary or others