Answers On Category: Income-Tax
Taxation of RSU (Sweat Equity) in the holding company granted 'free of cost' to employee of its Indian subsidiary - Two stages / heads , - Salary - Perq. On Vesting, And; ‘Capital Gains ‘ On Sale of vested shares – In case , because of Recession ,the FMV taken for reckoning Perq. . Is less than the Price/FMV on Sale QUERY (Tax Planning) : How best to make good for the resulting Tax Loss ?
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giving of gifts by huf to relatives amounts to partial partition ? does it need order u/s 171 ?
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How does amendment proposed to section 55 in Finance Bill 2023, affect Redevelopment of property by a Society/ Landlord/members individually ?
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once property recd from relatives is exempt under the proviso to 56 , is it liable to clubbing u/s 64 for life time on notional/actual income of the same ?
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Mr A transfers his tenancy right in one outside bldg and earns capital gain thereon . He now reinvests the same in acquiring tenancy rights from a tenant in another building where he is landlord himself Is he eligible u/s 5454F or any other section for exemption ?
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Sir could you please tell me how Withdraw appeal filed aganist an order to opt for vivid se vishvas scheme
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When an employer owns up jewellery found and seized during a search from one locker in the name of an employee , 1] can addition be made in the hands of both or either or none ? 2] Will answer 1 change if jewellery is appearing in books of employer ? 3] Will answer 2 change if only grams tally but not items ? 4] can it be treated benami property ? If yes, in whose hands ?
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The assessee has 7 siblings in his family and received property in heritage from his father. The assessee has a 1/7th share in the property. Two family members out of seven have made an application for the partition of such property in the court. The property is sold to another party for consideration and all the family members had received their respective shares in consideration. Now, whether the amount received by family members is taxable or not? Also, if taxable then under which head/place it would be shown in ITR? Also, if not taxable then under which head/place it would…
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The proviso to section 271AAC provides that no penalty shall be levied in respect of incomes referred to in the specified sections to the extent such income has been included by the assessee in the return of income furnished u/s. 139 and tax in accordance with the provisions of 115BEE(1) (i) has been paid on or before the end of the relevant previous year. (a) whether the benefit of the proviso will be available in a case where the income shown as turnover by the assessee is treated as unexplained by the assessing officer during the assessment and addition is…
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Dear sir I have received an notice from income tax department but in that there no assessing year and with the Din no it was also not found how find as it is genuine notice
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RSU – Salary (Perq.) and Capital Gains (Loss)