Answers On Category: Income-Tax
  does ESOP gives voting rights
does ESOP gives voting rights


► Read Answer

  NRI transferring money to wife in India
Dear Sir, I am an NRI and my wife is an Indian resident. I would like to transfer money from my foreign bank account abroad to my wife's Indian bank account to purchase property in her name and for other expenses in India. In this scenario, is it just a simple transfer and nothing else needs to be done, or for my wife's Indian IT returns do I need to create any document like a gift deed for the money transfer? Also, does she need to declare this money transfer in her income tax returns? If yes, then in which…


► Read Answer

  50D
can AO reduce share valuation of unquoted shares sod u/s 50D vis a vi s one adopted by Assessee and deny 54F to that extent  ?


► Read Answer

  45[3] vs 50c
which prevails over the other , 50c or 45[3]?


► Read Answer

  Deduction of education of director
Sir, If the company pays expenses for education of the whole time director in a university, is it deductible expense? Also, is tds applicable on the same? Pl clarify


► Read Answer

  filing in ITAT
w e f which date online filing is mandatory ?


► Read Answer

  faceless
Is ITAT going to be faceless ? when ? What exactly would it imply ?


► Read Answer

  Amended Law /TWIN (Old and New) TABLES for COST INFLATION INDEX
Land purchased in 1990, for Rs 1,00,000, has been sold in FYE 31-03-2022 (AY 2023-24) for Rs 25,00,000. As per valuation report obtained from an Authorized Valuer, the FMV as on 1-4-2001 is Rs 7,00,000. In the New Form 2 for AY 2023-24, under the Schedule for Computation of “Long Term Capital Gains’’, in two of the relevant columns, taxpayer is required to fill-in, - “Cost of Acquisition” and “Cost of Acquisition with Indexation”. Expert is requested to kindly advise as to how to fill-in the mentioned two columns having regard to the stated facts?


► Read Answer

  payments to tenants
landlord pays sums to vacate tenants and then sells building outright. Can he claim these as costs while computing LTCG ?  


► Read Answer