We filed revision Petition against the order issued by faceless team , after the due date to file the RP , with request to condone the delay , subsequently was unable to appear on the hearing date and RP was dismissed since we were unable to submit reasonable causes for the delay , now can we file an appeal with ITAT
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Does it apply to Tenancy rights acquired free after ay 17/18 ?
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Dear Sir/Madam, I am planning to purchase a second hand flat in Hyderabad City in the month of March 2025 or April 2025 through 100% payment by DD (approx. INR 75 lacs). However, I also plan to sell my existing shares & mutual funds after December 2025 (i.e., expect market to regain the momentum by December 2025). I expect to get capital gains amount approx. INR 30 to 32 lacs after selling of these shares & mutual funds. Can I get 100% exemption of LTCG amount of INR 30 to 32 Lacs even if i pay the entire amount in…
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The assessee wishes to file a CIT appeal on his own. And he is financially weak and unable to pay 20% of the disputed tax amount. In this case, is the appeal allowed? your valuable advice will be appreciated. Thank you
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what are the tax implications on a retiring partner and the partnership firm when a partner retires from a firm having fixed assets (without revaluation of the fixed assets i.e. land or immovable property or without fair market value of the fixed assets)?
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if a retiring partner retires with the debit capital in his name, the firm can claim capital loss. at the same time , whether the retiring partner will have to pay long-term capital gains tax/ short-term capital gains tax? if so, how can it be saved?
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Sir in my client case IT dept got an information during a search conducted at the premises of the supplier from whom my client used to purchase goods that my client had made a payment of Rs. 863000/_ to the supplier in cash for payment of goods, hence to verify the same case of my client re opened and now has alleged that why this as much amount of cash payment shhould be added in income u/s 69C of IT Act. however during reassessment proceding my client had furnished all the bills and copy of a/c of supplier alongwith bank…
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I wish to undertsand the legal meaning of ancestral property in reference to the Maharashtra stamp act for release deed which says that " If the release deed of an ancestral property or part thereof and is executed by or in favour of blood relations of the renouncer or the legal heirs of the blood relations then stamp duty of ₹ 500/- is levied". What does an ancestral property mean here? If a flat is bought by my father (100% ownership) and after his death, can his son / other legal heirs claim the flat to be ancestral for signing the…
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I own a plot of land on which I'm constructing my house. The land was bought in 2011. The construction has started in FY 25. Can I claim the deduction of Section 54F for construction of my house? If yes, how do I account for expenses that I have incurred in the current FY for construction purposes? I also own 2 studio apartments one of which is not registered. the case is in NCLT. Both of them are on rent.
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I have a query. Suppose X purchased a flat at a certain price which is subject to TDS. Flat is fully furnished and cost includes furnishing and interior cost. In the sales deed it is clearly mentioned that this is the value of property and this is the value of interior and other furnishings. Can TDS and stamp duty be paid taking only the property value in consideration. It means, leaving aside the interior portion can TDS be deducted? Will that be legal?
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File an appeal with ITAT when revision Petition is dismissed due to time bar