I intend to sell my 15 years old built up house and wish to purchase two residential built up flats from the sale proceeds which should be almost for the same amount. Would I have to pay any long term capital gain tax?
I am from kolkata,and my dad told me that INCOME TAX offices will take new boys for work after this DURGAPUJA,is it right?
My papa has rented property as partnership firm after his death my elder brother is adopted as partner in firm.
As per my understanding of Income Tax Rules, EPF withdrawals after 5 years of continued service with an employer are exempt from Income Tax. So in what section of the Income Tax form do you report the amount received.
Hi I am an Indian resident. I was an employee of an IT firm in India for the past 3.5 years until i resigned shortly 2 weeks back as i would be going for higher studies a couple of months later. Mean time i would be preparing myself for the study and not to be engaged in earning. So i need to know do i need to pay the tax after i resigned from the company and the fact i am no more a salaried person. If yes what’s the structure like?
I e-filed my 2009/10 (Assessment year 2010/11) tax return (ITR-1)on 18 April 2011. There is no balance due or refund on the return and my salary income was well below than 1,60,000. I just wanted to learn how to file a tax return so that I could do it myself for 2011/12 assessment year tax return. Please advice if I would be liable to any late filing penalty?
I filed IT returns online.But after filing i found that i need to pay some more tax?Can I file returns again after paying extra tax?Should it be revised or original? if its revised, i need to provide receipt number. but i have only acknowledgement number. Will there be any problem if file IT returns as original after rectifying the errors.
I m a salaried person my employer deducts the tax & pays the same regularly to Tax authority. Now i want to pay tax on my interest income. However i come to know my tax liability only after 31st March since i get TDS certificate after 31 March. So i want to know whether there is any penalty for remaining tax paid after 31st march.
Bought for 1 Lac and Market price is 35 lac…I there any tax on selling the property.
I have done the ITReturn for financial year 2007-08 through e-filing. I have the ITR-V (Income -tax return – e-filing Verification form) PDF file with me. Is there any other procedure? Request auditors to clarify my doubt.
Where can I get the acknowlegement form?