TMI BlogSection 112(1) Long Term Capital GainX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, Please advice 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Balram Pandey - Reply By Jayson Jacob 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 liab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ility on Basic exemption limit. You have 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 proble ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m. - Reply By Jayson Jacob Mathew - The Reply = 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 corre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cted thru representation before A.O. - Reply By CA BALRAM PANDEY - The Reply = Thanks for enlarging my knowledge, Hoping your kind advises and support in future too. - Section 112(1) Long Term Cap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ital Gain - Query Started By: - CA BALRAM PANDEY Dated:- 16-7-2013 Income Tax - Got 4 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Mana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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