Answers On Category: Income-Tax
The appellant has requested an adjournment. How can one find out the next scheduled date?
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A company is owner of a shop on which depreciation is claimed and allowed. The market value of the said shop is say 10 lacs. The building where the shop is located goes for redevelopment and the developer builder enters into an exchange agreement wherein he allots a shop worth Rs.20 lacs on the adjoining plot where he is constructed shops in exchange of the old shop. Possession of the old shop will have to be given on receiving possession of new shop. Whether the company has to deduct 20 lacs from block of assets as the old shop is…
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We are three brothers and inherited a house and 200gms gold jewellery from our father who died intestate. We have registered the house in PUDA in the name of the three brothers equally. Now one of the brothers wants to transfer the share to other two for money, who is NRI. Please give your valuable opinion as to whether this is transfer liable for capital gain tax, as one brother is relinquishing his right in favour of other FOR CONSIDERATION. THANKS
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Sir, If I give my son or my daughter-in-law the mutual fund as a gift, will they or I be liable for capital gain tax? -
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Dear sir can you please provide landmark Supreme Court and high court judgements for section 273 B in favour of assessee thanks in advance
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In case of LTCG u/s. 45(5A) whether exemption u/s 54 be claimed by investment in a new residential flat within stipulated period made out of sale proceeds of redeveloped flat? Or is it mandatory to hold newly constructed flat for 3 year?
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The assessee filed the ITR 7 in Time But the assessee forget to file form No.10 before the filing of ITR. It was condoned by the commission of Income tax exemption. The assessee was assessed U/s 143(3). The AO determined the tax after disallowing the exemption to the tune of Income was to file filed in Form No.10. The assessee filed an appeal, The appeal was accepted by the CIT(A) because the Form No.10 was condoned by CIT Exemption. In the meanwhile the AO adjusted Refunds of various years to cover up the demand. Now the ITO is denied the…
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How to respond to unaccounted sales allegation found in case of search on 3rd party for fy 2122.approval under section 151 not taken for issue of this notice
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hearing date