Interested to Buy Any Domain ? << Click Here >> for more details...
Dear All,
My query is related to capital gain on house property. If a
pair of husband and wife have four houses in joint name
comprising three residential house and last one is
commercial property. Now question is that if they sold all
property for Rs. 1.00 Crore and took a new residential
property for Rs. 1.25 Crore. So are they eligible to full
tax exemption u/s 54 and 54 f and they had to not pay any
amount of Income tax? And they have also taken a Rs. 25.00
Lacs housing loan to invest the last one. So are they can
take deduction u/s 24B and 80C as well?
Please note that they have all property in joint name and
share is 50% of each. Please guide me for this.
- 1 Answers
- 3714 Views
- I also Faced
- E-Mail Answers
Answer / arjun
THE ASSESSEE WILL BE ABLE TO CLAIM DEDUCTION OF RS 25 LACS
U/S 80 C . AND INTEREST ON THIS WILL BE DEDUCTIBLE U/S
24B.
| Is This Answer Correct ? | 1 Yes | 3 No |
what is c form?state with examples?
WHAT IS THE LIMIT ABOVE WHICH WE CAN DEDUCT THE TDS ON VARIOUS CATEGORY LIKE PRIFESSION, CONTRACTOR, INTEREST, RENT, SALARY ETC.
Esic calculated on gross to be rounded to?
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
We had received form16A from one corporate company, against they made payment about Rs.49,000/- on 25/06/08, What i Should do this form ?
ON WHICH FBT IS APPLICABLE, WHTS ARE THE CURRENT RATE OF FBT FY-09-10 WHAT IS LAST DATE OF DEPOSIT FBT TAX & RETURN
What is the WCT? Why deduct the WCT the client.?
how to minted the account what is deprecation a/c entire
Define previous year.
If TDS on Rent is to be charged on Rent which includes Maintenance Charges which are clearly evident, then has TDS on REnt also to be charged on Maintenance Charges?
What is the road permit I want to sale in outside of state what is the required Document and why.
7 Answers Concept Concrete Enterprises, Hitachi, Syselec Technologies,
WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?
Audit 
