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-   -   Long term capital gains and filing IT return in India (https://www.askmehelpdesk.com/showthread.php?t=554276)

  • Feb 14, 2011, 05:45 AM
    d.s.handa
    Long term capital gains and filing IT return in India
    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?
  • Mar 8, 2011, 12:19 PM
    AtlantaTaxExpert
    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.
  • Mar 13, 2011, 07:00 PM
    shawnieelder
    How do I find out what was garnished from my children's father that owes back child support
  • Mar 14, 2011, 10:38 AM
    AtlantaTaxExpert
    Contact the family court that would have requested the garnishment.

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

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