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Posted on Monday November 16th, 2009 at 21:08 in salary
The receipt of leave salary is taxed as salary. However, section 10(10AA) provides for exemption computed as per Rule if the leave salary is received on superannuation or retirement or “otherwise”. Section 10(10AA) is as under 10(10AA) (i...
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Posted on Sunday November 15th, 2009 at 22:10
I have been awarded addl.compensation for property acquired in 2002. The initial compensation has been duly accounted for in the return of income as long term capital gain.The acquiring body has filed an appeal against the judgement for addl. compens...
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Posted on Sunday November 8th, 2009 at 09:40 in exemption, 54f
No , said the Kerala High Court in Meera Jacob vs ITO [ dt of order 9/06/2008 ] 313 ITR 411 . The small order of Hon,ble High Court is as under : The question involved is whether the assessee, in the computation of long term capital gains...
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Posted on Sunday November 8th, 2009 at 06:22 in capital gain, losses, business income
Earn profit from Short Capital gain Rs. 1,05.400/- and Long term capital gain Rs. 89,375/-and Future & option loss Rs. 68,248/-. Pl. tell me future option loss is trading loss or speculation loss it is adjustable or / no. Satyanaryan Agarwala ,...
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Posted on Monday November 2nd, 2009 at 21:06 in 15g
I am a male of 60 yrs, resident, having business in Delhi. My estimated total income for FY 2009-10 is 200,000/.I have invested Rs 70,00/= in PPF. Now my taxable income is 200,000- 70000 = 130,000. Since Rs 130,000 is below the taxable limit of...
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Posted on Saturday October 31st, 2009 at 01:56 in gift
I have received some amount of money due to death of my relative who had nominated me as beneficiary. I want to ask whether this would be treated as my income and taxable as per Income Tax rules. I also want to know if the amount is invested in bank,...
Sunil
vinny
Listener
can anybody let me know the guidelines wrt tax refund ( fy - 0708)
Posted: October 19th, 2009 | Report This Comment