Stipend may or may not be tax free.

Whether the stipend paid to trainee is taxable if taxable under which section or head of income... If exempted, section please... ...

Whether construction of house must be completed within 3 years for claiming exemption u/s.54...

NO. Similar issue was raised in Smt. Sashi Varma vs. CIT 224 ITR 106(MP) and the High Court decided in favour of assessee...

Can I use capital gains earned on a property to construct 1st floor in...

Yes , you can . The Income tax Act states that whoever , sales a residential house , long term capital gain can be...

Beware!Benefit stops on 1/4/2010 for 100 % Export oriented units u/s 10B-Part I

Under Section 10B of the I T Act ,100 % export-oriented undertaking gets very substantial amount of exemption from tax on...

Is agricultural land sale non taxable?

Yes and NO.The reason:Read the definition of the capital asset in section 2(14) of the I T Act :As per this , Capital asset...

What are the schemes availaible in India presently to save Capital Gain Taxfor sale...

Someone Asked on Yahoo Answer-Replied by ME on 12/10/06There are two section54 and 54EC under which you can save on long term capital gain...