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View Full Version : Long term capital gains and filing IT return in India


d.s.handa
Feb 14, 2011, 05:45 AM
My father has sold his plot in FY 2010-11 which he had purchased in the year 1983-84. The Capital gains is Rs. 4 Lakh 75 thousand. My questions are:-1). Is investment in Rural electrification bonds the right option to save tax on capital gains ; 2). What if he invests the total proceeds he received from the sale of his plot into REC bonds instead of investing the Capital gains only ?; 3). Which Income tax form to fill while filing the IT returns in india for this year?; 4). Is it important to show the calculation of capital gains while filing IT returns ie: does he have to show the computation of capital gains in some attachement form?

AtlantaTaxExpert
Mar 8, 2011, 12:19 PM
Looking at the context of your post, it is clear that you are asking a question about Indian income taxes.

This forum deals exclusively with U.S. tax issues.

shawnieelder
Mar 13, 2011, 07:00 PM
How do I find out what was garnished from my children's father that owes back child support

AtlantaTaxExpert
Mar 14, 2011, 10:38 AM
Contact the family court that would have requested the garnishment.

The IRS will tell you NOTHING about the garnishment action due to privacy laws.