Tax FAQ
 

How To Compute Capital Gain And How To Get Exemption From Tax - Where To Invest To Get Exemption Of Income Tax

Question by vieses s | Posted in India

If a living soul sells house site and he gets some lakhs of rupees - where to invest this amount to get exemption from tax. How to alert this to the IT Department. Within how many days the investment has to be made. Am told if invested in Capital Gain Bonds issued by Govt. the pre-eminent gain is exempted. If at any time the Bonds are not available how to investment and take exemption.

Answer: Please go through the web bond. It will give you full answer for your question.

http://in.taxes.yahoo.com/taxcentre/ncap gains.html

No matter what notifying to the IT Department, in your statements you have to show the capital gains. And you have to mark a note about the new asset in your returns. This employment will be done by your CA.
 
 

Tax Exemption From California If I Live In Oregon?

Question by Reggie | Posted in United States

If I wanted to upon LA for a bit and did some shopping, specifically in outlets, would I still have to pay for tax? From time to time I visit Seattle and there would be no tax in some areas. How does this line for California?

 
 

Exemption From Income Tax For Research Fellow In India?

Question by sanjukta | Posted in India

I am Older Research Fellow in Defence Research and Development Organisation in India. My annual takings is 2.22 lakhs. My office id deducting income tax from my fellowship. But the other Govt. organisations are not deducting proceeds tax from them. I told my organisation that others are not deducting so, they asked me for the provision by which I can be exempted from Income Tax. Please utter me the provision with explanation.

Answer: It s upright that there is a legal provision for research fellow exempted from I tax. So you better to contact a Chartered Accountant and get a Regimen for exemption. You have to claim exemption your office from deduction of tax from your pay duly submit the FORM , so that your office submts the same to the IT be influenced

Related Topics:

Capital Gains Tax Laws
Corporate Tax Forms
Georgia Withholding Tax

 
 

Can I Claim The Private Principle Residence Exemption From Capital Gains Tax If My Business Is Run From Home?

Question by luton_azn_lad | Posted in United Kingdom

if i run my garden meet as a business from home and in the future i decide to sell my home at a profit in the intimate future, can i claim the private principle residence exemption from capital gains tax?

Answer: You can still request principal private residence on the relevant part, but the relief may be restricted on the basis of the value of any part that is acclimated to exclusively for business.

You would have to apportion the gain taking account of the business unit, but could also time apportion it if, for example, you lived there for a period before starting the business activities.

You will trouble professional advice to calculate the detailed numbers though.

Related Topics:

Capital Gains Tax Investment
Travis County Property Tax
Salaried Tax

 
 

Can An Employee Take The Exemption From Income Tax On Repayment Of House Loan Emi And House Rent Paid.?

Question by Ur Frnd | Posted in India

Two years back i have bought a domicile and avail house loan but still i do not have shifted on that house due to some certain reasons and living on hire out. Can we take the exemption of income tax on repayment of house loan emi and at the same time on rent paid. what should be the pre-conditions and if yes under which customarily/section of the income tax act.

 

© 2011 Tax FAQ