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Taxation of capital gains on redevelopment of a property is new phenomena and just evolving. Though you have canada goose coats demolished your house and handed over the possession of the land to the developer, you will still be able to claim the tax exemption Canada Goose sale under Section 54. canada goose coats on sale As https://www.pick-canadagoose.com far as the question as to the number of the houses for which you will get exemption, the law has been amended by finance act 2014 restricting the benefits only for one house unless both the flats which you will get are going to be used as single residential unit. The incidence of capital gains generally gets triggered on the incidence of transfer of the capital gains even if you have not received the sale consideration. So in your case staggering of the receipts of money from the developer is not going to help you in any tax planning under Section 54EC for capital gains bonds. Since the subject of taxation of capital gains on redevelopment of property is not so simple and need to take into consideration various factors, Canada Goose Jackets I Canada Goose Outlet would advise you to kindly take help from a Chartered Accountants or a tax expert as the stakes are generally very high.

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: For availing the benefit of additional Rs. 50,000/ deduction, you need to contribute toward Tier I account. It is only tier I account, cheap Canada Goose contribution to which are eligible for deduction under Section 80CCD. Yes you can contribute towards your Tier I account yourself. Tier II account is a like a saving account where you can temporarily park your extra savings which you can either withdraw later on or transfer to Tier I account. Opening of Tier II account is optional and not mandatory. Please note withdrawals from Tier I account are generally not permitted before completion of 60 years of age.

sanshpma: I have started my job in Aug 2014 and started paying house rent in August 2014.

buy canada goose jacket Monthly rent exceeding Rs. 8,333 but since i have started paying rent from August 2014 annual rent doesnot exceeds 1lakh. This is my first step towards mutual fund. I already realise, that I have made the mistake of not starting it in SIP earlier. I am considering to put it in dividend scheme so that I can recover portion of the amount quickly and average out the risk. My goal is purely tax saving with sufficient liquidity. Does this approach make sense. buy canada goose jacket

Can you suggest me good ELSS options

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canada goose store The option of choosing the dividend option is appropriate since you have a three year lock in for the investment. The approach of using an ELSS makes sense if you are able to bear the risk and are not worried by the fluctuation in the value due to the movements of the equity markets. Look at long term figures to see how the fund has performed during times both good and bad. In terms of the portfolio see the kind of stocks that it holds and whether they are large cap or mid cap and the sectors where there is a larger exposure. canada goose store

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canada goose clearance There is only one benefit of ELSS funds which is under Section 80C so if the fund that you are considering falls under this category like the SBI Tax Advantage then this can be claimed. canada goose clearance

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