Land Cost is also cost for 54F Eexemption.

I recently sold a land property. I wish to avail exemption from LTCG u/s 54F by buying a residential house. I wish to know...

Great News! Bonds Are Here Again for Saving Capital Gain Tax.

There was great difficulties for people who had capital gains in their hand and who wanted to save tax u/s 54EC by investment in...

You can’t save on tax on LTCG by investment in Son’s name!

Individual a pensioner purchased a house property out of his salary earnings.Now,he sold the same.His son and three daughters also joined in the executionof...

Gift from Relative of members of HUF should also be tax free!

Someone Asked on Yahoo Group-Answered By MeA relative of Karta of HUF gives gift of Rs. 4,00,000 to HUF. Whether the above gift is...

Save on Tax if Property Was Purchased before 1/4/1981.

My inquiry pertains to India only. The answer must relate to Current Indian Tax Laws.My mother has got land as gift from her parent....

Exemption u/s 54 on one Flat or House only

I have a house in India. If we sell that house and buy 3 flats from the proceeds. Will that be ok under sec...

No TDS on distribution of assets on liquidation

Someone Asked On This blog A Pvt Ltd Company is under Liquidation and there is excess of assets over liabilities( due to accumulated Profits)...

Purchase of Land will not make you eligible for exemption!

Someone Asked on This blog My father and mother are joint holders of land they intend to sell in April '07. Since they intend...

Beware for two years clause if earlier claimed exemption u/s 54F!

Someone Asked on This Blog We ( my wife &self),(joint name) sold our plot .To avail Tax Exemption under sec 54 F,We purchased a...

Sorry!Capital Gains Account Scheme can’t be used for purchasing Bonds.

Someone Asked on This BlogWhat are bonds that are open right now for investment to save capital gains tax ? If there are no...
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