I am planning to buy a agricultural land ( in rural area), My question is may I get tax rebate on long term capital gain if I use this capital gain in purchasing agricultural land. Prashant Sangale , Pune Answer to your question is Yes and No. No,...
Topics: capital gains

{"title":"Can Buying Agriculture Land Get You Tax Exemption on LTCG?","post_url":"http:\/\/www.taxworry.com\/2009\/08\/can-buying-agriculture-land-get-you-tax.html","feed_url":"http:\/\/q4tax.blogspot.com\/feeds\/posts\/default?alt=rss","author":"q4tax","date":"2009-08-18 09:00:36","summary":"I am planning to buy a agricultural land ( in rural area), My question is may I get tax rebate on long term capital gain if I use this capital gain in purchasing agricultural land. Prashant Sangale , Pune Answer to your question is Yes and No. No,..."}

Our company paid some amount to detective agency, Is it Liable to deduct TDS, If Liable at what rate under which section. Praveen Kumar Makam ,Hyderabad The detective agency work may be a professional work , however, this is not specified profession...
Topics: TDS

{"title":"Is Payment to Detective Agency Subject to TDS?","post_url":"http:\/\/www.taxworry.com\/2009\/08\/is-payment-to-detective-agency-subject.html","feed_url":"http:\/\/q4tax.blogspot.com\/feeds\/posts\/default?alt=rss","author":"q4tax","date":"2009-08-16 08:17:41","summary":"Our company paid some amount to detective agency, Is it Liable to deduct TDS, If Liable at what rate under which section. Praveen Kumar Makam ,Hyderabad The detective agency work may be a professional work , however, this is not specified profession..."}

I sold a piece of land in April 2004 with LTCG of Rs 1600000/. At the cost of 1800000/ got the right of purchased OF FLAT endorsed in my favour by the person who originally booked the flat with builder in APR05 .Original allottee has paid to the builder..
Topics: 54F, capital gains

{"title":"Claim of Exemption for Right to Buy Flat Is Valid","post_url":"http:\/\/www.taxworry.com\/2009\/08\/claim-of-exemption-for-right-to-buy.html","feed_url":"http:\/\/q4tax.blogspot.com\/feeds\/posts\/default?alt=rss","author":"q4tax","date":"2009-08-16 06:21:51","summary":"I sold a piece of land in April 2004 with LTCG of Rs 1600000\/. At the cost of 1800000\/ got the right of purchased OF FLAT endorsed in my favour by the person who originally booked the flat with builder in APR05 .Original allottee has paid to the builder.."}

Incentive bonus is Salary and actualy expenditure incurred by Development officer and later reimbursed by LIC under Incentive Bonus Scheme 1997 and Reimbursement Scheme 1997 are not be regarded as taxable salary . This is the view of CBDT which was...
Topics: Salary

{"title":"Whether Incentive Bonus Earned By Development Officer Salary or Income From Other Source?","post_url":"http:\/\/www.taxworry.com\/2009\/08\/whether-incentive-bonus-earned-by.html","feed_url":"http:\/\/q4tax.blogspot.com\/feeds\/posts\/default?alt=rss","author":"q4tax","date":"2009-08-04 20:12:44","summary":"Incentive bonus is Salary and actualy expenditure incurred by Development officer and later reimbursed by LIC under Incentive Bonus Scheme 1997 and Reimbursement Scheme 1997 are not be regarded as taxable salary . This is the view of CBDT which was..."}

  The Clause 26 of the Finance Bill 2009 contains provision to be inserted under Clause (vii) under subsection 2 of section 56 to  provide that an Individual or HUF receiving any immovable property or any property   either without...

{"title":"Pay Income Tax For Buying Property Below Stamp Duty!","post_url":"http:\/\/www.taxworry.com\/2009\/08\/pay-income-tax-for-buying-property.html","feed_url":"http:\/\/q4tax.blogspot.com\/feeds\/posts\/default?alt=rss","author":"q4tax","date":"2009-08-02 20:36:31","summary":""}