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    d.s.handa's Avatar
    d.s.handa Posts: 1, Reputation: 1
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    #1

    Feb 14, 2011, 05:45 AM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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's Avatar
    shawnieelder Posts: 1, Reputation: 1
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    #3

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    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.
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