Answers On Category: Income-Tax
  filing in ITAT
w e f which date online filing is mandatory ?


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


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  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?


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


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  54F.Capital gains- Investment in a residential house –
gift of 2nd home to a relative is allowed ? before selling a plot in open mkt  with LTCG  u/s 54F on plot sale ?


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  legal heir
when a Mohamadan male dies without any heir, what shall happen to estate and litigations pending both ?


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  LLP
Can a Pvt ltd Company give loan to LLP in which partners are relative of director and share holders of the company ? With reference to section 185(2) of companies act and 2 (22)(e) of income tax act - deemed dividend


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  What’s up chat and income element
Assessee is an individual and engages in business of construction. During the course of search conducted in 2023 what's up chat with one of the employee was found n seized.  The noting in the chart were receipts on account of extra work and unrecorded expenditure . Whether entire receipts will be taxed or Income element will be tax?  


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  denial of benefit of exemption u/s 80G
Respected sir, A charitable trust started in 1955 enjoying exemptions u/s 12A as well as 80G was allowed to the donation made to it. It was granted registration u/s 12AB . However, 80G exemption was provisionally allowed for A.Y 2021-22 to 2023-24 . It failed to renew it before 30th Sept 2022 . It filed form 10AB in October 22 for renewal of 80G  benefit. However, the dept rejected the application on the ground of limitation period  of 6 months. kindly advice the future course of action.


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  service of copy of paper book to D/R
Whether the paper book to be filed before the ITAT as well as the copy of the same whichis  to be served upon the Income tax Departmental Representative be dispatched by speed post (registered post). Kindly advice


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