CIT vs. Smt. Beena K. Jain : 217 ITR 363 says possession date is date of purchase Vembu Vaidyanathan 413 ITR 248 (Bom.). ... allotment letter is date of purchase . which is applicable on which facts ?
► Read Answer
My father was the karta of his huf, in which i being the only child(son) was coparcener of his huf and my mother was member. After death of my father I became karta for my father huf and mother was member of the huf. My problem is that my mother also passed away I also have my own huf. My ques is that how can i transfer some share and mutual funds in my father's huf to my huf
► Read Answer
hello sir, my question is if we took section 115BAA for 2 years and then i have change the to the old scheme and took deduction of section 80IAC for AY 21-22. we got the intimation u/s 143(1)(a)(iv) from department regarding the invalid return and not allowing the deduction u/s 80IAC. now we want to continue to the old scheme only is there any remedy regarding to the above issue?
► Read Answer
CAN AO reopen cases of 10 years without passing order u/r 112F ?
► Read Answer
Sir, My Query is if assessee got the Assessment order under Best Judgment Assessment, Liability of Tax Rs.58,00,000/- can he go for appeal with CIT or Can he go IT Tribunal Please suggest. Sirivella Gopal
► Read Answer
My parents had a small flat 250 sq ft carpet area. I got it from parents after the demise in 2017 as I am legal heir. My only sister gave her release deed relinquishing her stake in March 2019. Flat went for redevelopment in August 2019 based on the Permanent Alternate Accommodation Agreement. During the redevelopment, I gifted the same under construction flat (before possession) to my wife in March 2022. New flat possession received in March 2024 in wife's name (484 carpet area). Question: If wife sells it in june 2024, will it be LTCG or STCG? When should…
► Read Answer
The AO passed the order with a condition that the the assessment will be revised once the DVO report is available. The assessee filed an appeal before CIT(A).Is it possible to revise the assessment us264 after the revised assessment order is received. Please clarify. Thanks
► Read Answer
Kindly inform Taxation of undisclosed contract receipt in case of civil contractor. Whether Gross Profit on undisclosed contract receipt will be taxed. Is there an case laws
► Read Answer
As an insurance agent, my TDS got deducted under section 194d, can i file return under 44ada
► Read Answer
Where in proceedings u/s 143(3) audited accounts were produced and assessment completed, thereafter in proceedings u/s 147, ex parte assessment made, can it be said that the accounts were not produced before Assessing Officer in proceedings u/s 147 and these will constitute additional evidence in appeal proceedings ?
► Read Answer
date of acquisition