Answers On Category: Income-Tax
Hello sir, Question - Which year should be consider as a year of transfer, in case of transfer of tenancy right(Pagadi system) under redevelopment of building ? ( Here tenant entered in Permanent Alternative Accommodation with developer and mentioned that tenancy will be surrender only on receipt of new flat.) Which date shall be consider as per Income tax act to take it as a transfer date?
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Assessee is a doctor. He has purchased four residential flats having area of 800 sq. ft each in the year 1986. He started his medical profession in these flats by combining the all 4 flats, with the permission from the local authority for using the same for commercial purpose and paid the municipal taxes as applicable to commercial units from 1992. He has not claimed any depreciation on the same. The housing society in which these flats are situated is under re-development scheme and the developer offered the assessee 4 commercial units having area of 1000 sq ft each in…
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How to withdraw a appeal . I have got signed letter from client . How to submit application online ? or do i have to go to department ? any help is highly appreciated . Thanku in advance
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I had filed a return of income tax u/s 139(1).The AO(CPC) did not allow certain deductionswhich resulted in demand as per the intimaution under section143(1).Thereafter assessee moved an application for rectification u/s 154.The rectification application was rejected.Thereafter assessee filed an appeal before the CIT(Appeals) and also applied for rectification again. Appllication for rectification given second time is accepted by the AO(CPC) and it is in favour of the assessee My Query: Is it possible to withdraw the appeal before the CIT(Appeals) And How to do the process online
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I have transferred some shares to my wife. The income from dividends is offered by me u/s 64 for taxation. However I do not get the benefit of TDS made on those dividends. What steps I am required to take to claim the TDS in my return which is shown in her Form 26AS.
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Post "New Noble Educational Society 'judgement of SC, what is Reasonable mark up ? Whether section 11 is virtually overridden? Is it at par with now litigation in Transfer pricing ?
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IS ECL required to be added back for MAT purposes if a company is covered by IND AS ?
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can LTCG on land be set off against LTCL in shares before the date of grandfathering was introduced ?
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when profit as per IND AS is more than one worked out under ICDS which will affect book profit under MAT ?
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Is Maharashtra Project Affected Persons liable to capital gains on alternative flat allotted free?
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Year of transfer in case surrender of tenancy right under redevelopment