I am retired employee not working for the past few years. I sold some shares alloted from my company and used such funds to avail long term capital gain under 54 F. the property is under construction by the builder and got registered on my wife name, since I am not eligible to get any home loan, she is taxpayer, having an option to get home loan against property based on her financial eligibility norms. The property got registered on her name during Oct 2025 and funds sourced 25% from the bank and balance amount transferring from my account, shares…
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An assessee had Capital Loss in AY 2023-24 , itr also filed in time, now in AY 2025-26, brought forward loss not reported and accordingly not set off. Can we file rectification of ITR.
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I have filed petition u/s 119(2)(b) for A.Y.2021-22 (F.Y.2020-21) before the PCIT. The applicant had filed the original return of income and seeks condonation of delay in filing revised return of income to claim higher exemption on leave salary encashment. CBDT Notification No. 31/2023 dated 24.05.2023 issued vide F.No.200/3/2023-ITA-I. BUT THE CBDT REJECTED. I NEED TO FILE AN APPEAL AGAINST THIS PLEASE ADVISE
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Hi, My father has a flat and a shop in his name. He has passed away. We have made a legal heir certificate and myself, brother and mother are 3 legal heirs. We want to transfer the ownership of the flat and the shop in society to my mother. What should be the stamp duty applicable in this for execution of release deed.
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Taxability of the same? in case there are different judgements on the issue, whether assessee can make the payment under protest to save penal interest and penalty and at the same time claim the aforesaid interest as exempt u/s 10(37) of IT Act, 1961. How the same can be practically implemented?
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After his death,my father's residential property (a flat purchased by him in 1975) was transferred in the names of my mother,me and my 3 sisters.For the purpose of redevelopment,the flat was surrendered to a developer in January 2023. He agreed to give 2 flats in exchange. Now, in July 2026, the developer is getting completion certificate and eventually, he will give us the possession of 2 flats in August 2026.Now, the question is , if we all (mother and all 4 daughters) sell the flats immediately after possession, can we claim for long term capital gain,and claim exemption under section…
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Can professionals not falling with in specified professional category stated under sec 44AA compute their income under 44AD? Or are they not entitled for presumptive income scheme? Freelance business journalist providing editorial service on weekly or monthly basis on business news of interest to client is entitled to compute her income under 44AD
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If my total income after charging long term capital gain without getting indexation benefit is above 50 lac but after applying indexation goes below 50 lac, what is the applicability of surcharge
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We have some tenure employees some are for 3 months and some are for 6 months and rest are for 3 years. During the completion of the tenure of such employees they got some amount as leave encashment. No as a CABs we are treating as fully taxable for the tenure employees. We request you to guide for the further necessary action
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Long term capital gain 54F