F. A.Q. on Indian Income Tax Laws!: Will I Get Exemption u/s 54 For Buying Commercial property? 
Unfortunately, the exemption provided under section 54 of the I T Act is not for investment in commercial property. This exemption is exclusively for the reinvesting the sale proceeds out of a residential property in
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F. A.Q. on Indian Income Tax Laws!: No Exemption For Gain on Depreciable Assets!
I have purchased commercial property 1999. sold commercial property 10.1.2007. Claimed depreciation.Since claimed depreciation Whether it become long term or short term capital gain. Whether i can get benefit investing in REC Bond. Whether i can keep...
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Take Loan on REC Bond and Forgo the Exemption!
I had sold some land and so to save tax on capital gains I invested the said amount in REC bonds. It is just 6 months since I made the investment. Now for personal reasons I am in need of some money. Can I apply and get a loan from some bank with the...
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Exemption of Capital Gains u/s 54 Is Allowed Even When New Residential Property is Purchased in Foreign Country!
let us take example. Mr. X, a Non Resident had acquired a property in India. He left India and settled in USA. After twenty years, he sold the property in India for a huge sum. He wants to save on LTCG tax by purchasing a residential house , so that ...
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Income Tax information - Auto Tax Company
קביעת בן הזוג הרשום לצרכי מס הכנסה וחישוב נפרד בין בני זוג
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F. A.Q. on Indian Income Tax Laws!: Fellowship /Scholarship Is Exempt From Tax!
I completed a training fellowship in Singapore in 2006-2007. The total duration of the fellowship from May2006 –November 2006 was 186 days. I had received a monthly stipend to take care of my stay and sustenance. I could save some amount which I depo...
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Land Cost is also cost for 54F Eexemption.
The land cost is part of the cost of construction for the purpose of claiming exemption u/s 54F of the I T Act. In fact, if you purchase a house even in a multistoried house, proportionate land ownership is embedded in the flat.So there is no restric...
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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 its profits for a period of 10 consecutive assessment years beginning with the assessment year in which the undertaking begins t...
n-142010-for-100.html
Download Forms for REC Bonds .Hurry!
Long Term Capital gains savings Bond issued by Rural Electricity......shall remain open upto 31/3/2007
c-bonds-hurry.html
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