Section 112(1) Long Term Capital Gain

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..... Section 112(1) Long Term Capital Gain
Query (Issue) Started By: - CA BALRAM PANDEY Dated:- 16-7-2013 Last Reply Date:- 23-7-2013 Income Tax
Got 4 Replies
Income Tax
Dear All, Please advi .....

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..... ce me, if an individual assessee had only LTCG and no other income, then can he avail the benefit of MPEL (Maximum Permissible Exemption Limit). Thanks & Regards CA Balram Pandey Reply By Jayson J .....

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..... acob Mathew: The Reply: You can avail the benefit of Basic exemption from tax . You will face problem at the time of filing ITR return. Which will show tax liability on Basic exemption limit. You h .....

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..... ave to make a representation before the A.O, once you receive a demand notice Reply By CA GOPALJI AGRAWAL: The Reply: But we are not facing any such problem. Reply By Jayson Jacob Mathew: The Repl .....

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..... y: For Ay 2011-12, one of my client had the issue of not getting basic exemption benefit after cpc processing , demand notice came, where I got it corrected thru representation before A.O. Reply By .....

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..... CA BALRAM PANDEY: The Reply: Thanks for enlarging my knowledge, Hoping your kind advises and support in future too.
Discussion Forum - Knowledge Sharing .....

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