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Suguna Rajen
What are the tax exemption ways for NRO against income earned from sale of hereditary property in india
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Arvindh Badrinarayanan
My question is on LTCG on sale of house in Tamilnadu. Plot purchased in 1986, building constructed in 1987. GLV of 1986 is 15600/-. A 1600 sqft approved building constructed.
I am selling the same now for 1.1 crore.
What amount of LTCG is to be reinvested under section 54 to claim tax exemption.
I need your advise on calculating the indexation cost of purchase.
Secondly ,can I reuse section 54 by purchasing only ONE residential unit { TWO units applicable only once in lifetime } for the next financial year as I will be receiving LTCG on another residential property going to be sold in four months.
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Nupur
Hello, i want to understand and want to know answer about Capital Money in a business partnership firm. Please contact me for details. thanks
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Dear Napur,
Capital is basically the money transferred/brought in by the partner in the business. For detailed you can get in touch with us on ca.rahuldwivedi@gmail.com or 9004485377
You can connect with us at ca.pujasharma@outlook.com for a detailed discussion.
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Kameswaran
How much is the tax calculated for the funds around 40 Lakhs transferred from UAE bank account to India's bank account..?
Dear Kameswaran,
Taxablity of foreign inward remittance depended on many things. To guide you in proper will require further detail like who is transferring to whom, is there any relation between transferor & transferee, reason for transfer etc. etc.
Kameswaran
D
Dhana
How tax is calculated for pension income?
Dear Dhana,
Pension received by self taxable U/H salary & if pension is received by family member it is taxable U/h Income from Other Sources. Tax calculated slab wise.
For further consultation you can reach us on ca.rahuldwivedi@gmail.com or 9004485377
Pension income is treated same like slaary income under the Income Tax Act, 1961. For more information, you cna connect with us at ca.pujasharma@outlook.com
CA Deepika Boyina 19 Feb 2022Same like salary
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