Answers On Category: Income-Tax
a firm providing placement and recruitment service and getting service fees from client after deployment of candidate, is it reportable under section 44AD or 44ADA
► Read Answer
All conditions satisfied e g distance, population etc no income from agricultural activity shown in return whether AO can treat thus as taxable ? any case law ?
► Read Answer
search on A before 31-3-21--------153A incriminating materials of B in this search-on A--------------153C B supplied goods to C -------------whether 148 or 153C ?
► Read Answer
which are the latest cases on this post the ratio of kanak Impex ?
► Read Answer
I had an old tax demand which I opted to settle under the Direct Tax Vivad se Vishwas (DTVsV) scheme. A final order was issued in my favour confirming full and final settlement of the arrear. Problem: Even after the settlement order, the system has not given effect to it. The payments made under DTVsV were wrongly credited against the old arrear instead of being treated as settlement. Further interest was wrongly computed on this supposed “balance demand.” My recent refunds have been adjusted against this non-existent demand, even though the case was already closed. Current Situation: The portal still…
► Read Answer
If a case is set aside by Cit under 263 and assessment is done consequently under 263 read with 143 Whether notice under section 143(2) is required to be given or not According to my view , it is not mandatory ?
► Read Answer
Case law of Bina Jain says possession is imp Case law of Vembu Vaidynathan says letter of allotment is enough how to reconcile both ?
► Read Answer
Sir, I have sale my residential flat on 30.8.25 at a price of Rs 43 lalhs. I have taken a loan of rs 25.5 lakhs for purchase that property. Instalment price including GST. I have not claimed any interest benefit as IT deduction as I have filed IT in new tax regime. My registration done on 22.6.22. Can I claim GST and interest as cost of flat at the time of long term capital gain calculation.
► Read Answer
Dear Sir, I received DTSV Form 4 and refund written under Form 4? But still the refund is not received in bank. it is almost 3 months gone after issuing Form 4. When I will get Refund
► Read Answer
In case of conversion of a Pvt. Company into LLP, section 47(xiiib) conditions are not satisfied and the conversion is treated as a "transfer" and capital gains is taxable in the company’s hands on FMV of Land. In this case, if original cost of purchase of land was 100000/-, book value was also 100000/- but at the time of transfer to LLP, the company has paid capital gain tax on FMV Rs. 200000/-, so when the LLP sell this land in future, its cost of acquisition will be 200000/- or 100000/-? This case is not covered in section 49. Can…
► Read Answer
Income taxable under Section 44AD or 44ADA