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Sayan Mukherjee

Hi Amlan..... Sorry for double posting ... I was unable to log in.. but thanks god..
Please help me in the following matter.....
My father was a government employee and he retired in December 2017.
His got 30 lacs from gpf + gratuity + commuted leave etc in January 2018.
He got 25 lacs in January 2018 f...
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Amlan Dutta
Since his income is from salary and capital gains , he will fill ITR 2

2.) Indexation is compulsory w.r.t property and he will pay tax at the rate of 20 % on long term indexed gains

3.) Yes, it is supposed to be shown in exempt income schedule ....you can put in respective heads like gratuity, EL en...
  • March 28, 2018
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Sayan Mukherjee

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...
  • December 30, 2016
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Sayan Mukherjee
Super helps !!!! Thanks man....
  • February 19, 2018
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Sayan Mukherjee

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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Sayan Mukherjee

INCOME TAX...
Hi Amlan...
I have watched your tutorials on Youtube,
I wanna ask you few questions about Form 26as and 15g.
Before that let me inform you few facts........i.e
"My mother is a housewife and she has her ONLY income from her F.Ds
which generates around Rs 5 lakh in FY 2015-16 as interest.Therefore
she is a ...
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Amlan Dutta
Firstly , form 15 G is a lower TDS requisition form which is to be submitted only when the gross total income is below threshold levels
Here , in case of your mother the gross total income is 5 lakhs ...
Assuming that she is non senior resident , the threshold levels are 2.5 lakhs
Logically therefore ...
  • May 14, 2016
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Sayan Mukherjee
Thanks a lot.....!
  • May 16, 2016
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