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D M
I have made a capital gain of Rs 50 lakh on shares where the overall share value is 70 Lakhs. I want to buy a house within one year of sell for 40 lakh. Can I apply for house loan(I will not use the sell proceeds for buy-ing house)and still use section 54F for tax savings. The shares were part of An employee stock ownership plan (ESOP) of a foreign company(USA)
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We need to first check type of capital gain and then only comment on same.
You can book consultation on https://www.taxontips.com/tax-notice-personal-consultation/
To discuss more
As per our opinion, the net consideration should be invested for buying new property instead of taking housing loan.
CA Roomi Gupta 22 Mar 2021Please contact @ www.tarunguptaca.com
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Udai Purohit
I Recently Sold a Piece of agriculture land for 10 lakhs , Land was inherited from my fore fathers currently i am in under 5 lakhs income bracket How much LTCG i have to Pay
Agricultural land is not a capital asset. So not capital gain tax will apply on it. But more detailed analysis whether the land will actually be regarded as an agricultural land. You can connect with us at ca.pujasharma@outlook.com
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Ashvini Mahajan
I am looking for someone who can help me in opting in income tax new/old regime?My income is 13 lpa. what will be my TDS without investment?
Kindly contact at +91-9911744028. Will assist you in determining the beneficial regime.
CA Roomi Gupta 19 Mar 2021You can contact us@ www.tarunguptaca.com
CA Puja Sharma 19 Mar 2021You can save taxes under new regime. But for more detailed analysis i will be needing more information from you about your salary structure. You can connect with me at ca.pujasharma@outlook.com
CA Naman Maloo 21 Mar 2021You can check the same yourself using a downloadable calculation sheet by clicking here: https://www.taxontips.com/calculation-sheet-for-comparison-of-tax-payable-under-new-and-old-tax-regime-for-individual-and-huf-115bac/
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Shri B H
I had booked a villa in feb 2020. the possession of the villa is yet to be given. the builder is demanding 12% GST.But he is not passing any benefit of ITC to me.
My request to consider for 5% GST which is applicable since april 2019, is not obliged by him.
Also, He is calculating GST on complete consideration value, without exempting the land value (33%) while calculating GST.
What should be done.?
Need to understand the facts properly. Please contact at +91-9911744028
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Kritik
What is the transaction limit in a savings bank in a month if I have made about 5 lakhs transactions from my saving bank accounts?
As such there is no specific limit regarding saving account transactions. For any further assistance, kindly contact at +91-9911744028
CA Puja Sharma 18 Mar 2021There is no such transaction limit on savings account or current account. The income reported in your Income Tax Return filed by you should justify the amounts received and outdrawn from your savings account. For more queries you can connect with us at ca.pujasharma@outlook.com
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