Answers On Category: Income-Tax
  Sec 194jb income show procedure landlord (doctor) or tenant (doctor) itr returns purpose
Sir, A doctor (landlord) running a own hospital rent to another doctor (tenant) .but tenant (doctor) some health services provided to patient treatment after fees amount sec 194jb received from healthcare Care trust and sec 194jb income show in landlord (doctor) ais income tax portal show pan number change not accepted by health care trust Question: Sec 194jb income show procedure landlord (doctor) or tenant (doctor) itr returns purpose


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  Regarding reopening of case after period mentioned in 148
Notice u/s 148 was issued on 05.04.2022 for A.Y 2018-19 after completing the formalities of issue of notice u/s 148A(b) and order u/s 148A(d). The assessment was going on. In the meantime assessee received notice u/s 153C dt 18.01.2023 in a search matter conducted on 20.10.2019 and therefore proceeding u/s 148 got abated. AO pass the assessment order u/s 153C on 13.02.2024 at returned income. Thereafter assesse received notice u/s 263 from CIT mentioning that AO has not discussed the issue raised while opening case u/s 148. It is also alleged that he did not make any inquiry about matter…


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  Exemption claiming on Agriculture Income on Lease Agriculture Land
sir, Mr. A  is  Agriculturist and he is doing Agriculture Activity on Lease agriculture land. Mr. A  is paid Lease Rent to Landowners and also incurred huge Agricultural Expenses. In this situation Mr. A  will going to claim Exemption of Net  Agriculture Income for the year under consideration.  Mr. A  is earned handsome Agriculture Income. Please note that major income is Agriculture Income out of Total income.


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  12A Registered Trust receive Donation from another 12A Registered Trust
12A Registered Trust receive Donation from another 12A Registered Trust Whether donation received to Calculate for 85% for Application of Income or can be excluded for calculation.


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  Regards exemption of stamp duty & registration charges towards flat purchased after selling Listed shares and mutual funds as per Section 54F in Income tax
Can  you pls. answer my query , Since  We purchased flat @ Rs.60,00,000 with co-owner as (wife) with equal 50% share after selling Listed shares along with equity based mutual funds & obtained certain LTCG  both individually and only I paid stamp duty/registration charges  & brokerage etc. about Rs.565,236[445,236+(120,000 brokerage)] on whole full amount of the cost of flat . Here it may be added that we invested partial amount, means less than net sales considerations each. Can we avail exemption in sec 54F partially against  long term capital gain  each individually and please reply, can we claim/get exemption in…


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  income tax
Whether you can declare rental income in your own name when the property generating such income is legally owned by your father, and under which statutory provisions and case law such a plea would be examined. Also, whether any exemptions or legal avenues exist to support such a claim, and why such a plea is unlikely to sustain under Indian law.


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  Sale of Rural Agricultural Land is not being declared in the ITR
The Sale of 15 years old Rural Agricultural Land is not being covered in the ITR. My Question:  Is this becomes taxable due to Non-Disclosure...? and Any Penalty is Applicable for Non-Disclosure...? Any other Consequences possibility....? Please Clarify. Thank You.  


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  Father HUF
My father made HUF with eldest son karta and died 24/9/2003 Will probated with HUF detail in Mumbai high court 2004 before act of 2005 daughter rights in property. Two married sisters not member or karta of HUF . can they ask for HUF detail as how money spent from HUF even will approved by High court in 2004 before  act of 2005.


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  Interiors and furniture sale along with house
I am selling my house. If I make a separate agreement with buyer and show that interior and furniture cost is around 8-10 lakhs, whether I need to show bills if IT dept sends notice? Whether I need to mention all items and their cost or i can just mention Interiors and no mention of cost in Sale agreement?


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  Dtvsv delay
I have seen that dtvsv form issued last Thursday.. but when clicked inside it still showing awaiting signed form 4 from CIT I CAN'T understand.. whether it is considered as form 4 issued or not


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