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
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Is ITAT going to be faceless ? when ? What exactly would it imply ?
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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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landlord pays sums to vacate tenants and then sells building outright. Can he claim these as costs while computing LTCG ?
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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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when a Mohamadan male dies without any heir, what shall happen to estate and litigations pending both ?
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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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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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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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Deduction of education of director