Answers On Category: Income-Tax
A co operative society running PDS as per TN govt regulations.Claimed education u/s 80P(2)(a)(iii) as marketing of agri produce. AO denied saying it is consumer society. TN govt is a member along with 73 society and 1000 + individual members. Any citation other than ITAT chennai will be useful
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If a law student of Semester V renders para legal services such as legal drafting and research etc. as a freelancer to a lawyer, whether such student is eligible for benefit under Section 44ADA. The lawyer makes online payments to him with 10% TDS.
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I HAVE ENTERED IN TO AGREEMENT TO PURCHASE THE LAND AND PAID 24 LAKH IN CASH ON 2011-12 THE SECTION 56(2)(x)(b) CONTAIN THAT ANY SUM PAID BY BANK NOT CASH AS THE AGREEMENT WAS 2011-12 BUT REGISTRY DONE IN 2021-22 AT SAME RATE BUT THE STAMP DUTY RATE WAS INCREASES DUE TO GOVERNMENT DECISION THAT MY QUESTION IS THAT THE ASSESSING OFFICER ASK ME THAT U MUST BE PAID THAT TIME AMOUNT THROUGH BANK IN FULL OR PART OTHERWISE THAT IS TREATED DIFFERENT IN INCOME FROM OTHER SOURCES WHAT I HAVE TO REPLY
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whether a proposal for sale of immovable assets by a charitable trust requires a prior approval of the Director of Exemptions even when the Act is silent about such requirements. The Trust deed contains such an obligation, which was inserted at the time of registration based on Directions given by the then CIT in the form of a rectification deed to facilitate the Registration. Is there any recent Notification to the effect that such approval is not required?
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"I am asking whether the land used for dairy farming (which is on my home premises, where my cow shelter is located) is taxable or not. I am currently paying tax on this land as house tax, and it is not away from my house—it is part of my home premises. Does this land come under house tax or agriculture tax? Also, is the land which is used for dairy farming also taxable, or is only the dairy farming capital taxable?"
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Leave encashment limit raised to 25 lakh for others on retirement wef 1.4.23. It is not date of retirement, it part amount recd in 2022 got exemption 3 lakh.now part amount recd in 2025 can avail remaining exemption limit?
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My client has recd Notice u/s 148A on 31/03/2026 for A Y 22-23 calling information before 15/04/2026. I have filed detail submission on 14/04/2026 along with all the supporting documents.But till the date no any further notice or order issued by the AO I want to know the time limit provided to AO to pass an order Thanks
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PLEASE GIVE THE FULL TEXT OF THE DECISION OF A KOLKATA BENCH OF ITAT STATING THAT A CLERICAL MISTAKE IN FORM 3CD CANNOT BY ITSELF JUSTIFY AN ADDITION WITHOUT GIVING THE ASSESSEE OPPORTUNITY TO EXPLAIN AND CORRECT THE ERROR
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Dear sir , old 50 years rented property purchased @ Rs 5000 /= and paying rent Rs 100/= per month area 120 sqft --received from my father which has redeveloped in year 2015 with ownership bases new flats given to us . now after 10 years stay we wish to sold at Rs 50 lakhs . In redevelopment i have paid Rs 5.0 lakhs for parking space at ground level. NOW WHAT WILL BE TAX ? As already i have one flat on ownership bases available . any tax saving scheme is available ? or i can gift to my…
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Co-operative Society