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Sayan Mukherjee

Category : Income t..,
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December 15, 2016 12:18 pm
  • Income tax
Hi Amlan..I need your help In a matter of Long term capital gain tax exemption...

Last month I sold my land property and LTCG in that deal is calculated 32 lakh. I don’t have any house property in my name at present. I want to invest that whole amount to buy a house worth Rs 65 lakh.. The rest of a...
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Amlan Dutta
If you have sold the house and arrived at capital gains of 32 lakhs , then you can surely invest that capital gains in another property under section 54 /54f to claim long term capital gain exemption ...it doesn't matter whether the house is bought under co-ownership ...the section clearly states th...
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  • December 30, 2016
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Sayan Mukherjee
Super helps !!!! Thanks man....
  • February 19, 2018
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Sayan Mukherjee

Category : Capital ..,
Solved
December 14, 2016 12:27 pm
  • Capital Gains exemption
Hi Amlan..I need your help In a matter of Long term capital gain tax exemption...Last month I sold my land property and LTCG in that deal is calculated 32 lakh. I don’t have any house property in my name at present. I want to invest that whole amount to buy a house worth Rs 65 lakh.. The rest of ...
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Amlan Dutta
Yes as long as you are investing in a property wherein you have ownership , you can surely claim capital gain exemption...so in this new property despite you entering into a arrangement with aunt's son for joint ownership, it is still fine ...your whole capital gains shall be exempted from tax
  • April 18, 2018
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Venkatesh

Category : Income t..,
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November 24, 2016 1:28 pm
  • Income tax
Sir, I have a question about form 10e.
I have filed my friends salary return. At that time I don’t know to fill form10e.later intimation came from CPC to fill form 10e or pay demand. When I go to fill form 10e ,I have seen the TDS amount also changed to 41000 approx. from 58000. Now what should I d...
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Amlan Dutta
I have made a tutorial on this ...first upload form 10 E as per correct details ...then apply for rectification for reprocessing the case ...select option as per what you do with 10 E ...if figures of 10 E are same as claimed for tax relief then apply for reprocessing of case ....else rectify select...
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  • November 25, 2016
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Venkatesh
Thank you very much Sir
  • November 26, 2016
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Shubham Gupta

Category : Income t..,
Solved
November 19, 2016 10:22 am
  • Income tax
sir i have 3 questions regarding filling itr-1

ques- 1) sir what kind of incomes we can show under income from other sources option?

ques-2) is their any limit in the income from other sources option for example we can put maximum of 3 lakh under income from other sources or something like that or the...
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Amlan Dutta
Q.1 ) Study the head ...residual income which cannot be covered under any defined head (salary , CG , business profession , house property shall fall in this head ...typical examples are interest income , tution income etc etc

Q.2) No such limit

Q.3) Form 16 is salary TDS certificate ...If you have ...
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  • November 25, 2016
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Shubham Gupta
Amlan Dutta thanks a lot sir for replying.. sir if my earning comes through home tuitions and some part time jobs then i have to put these kind of incomes under income from other sources head or income from business/profession head...??? thanks in advance
  • November 25, 2016
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