Answers On Category: Income-Tax
How to file form35 a with drp what is the procedure please explain is it online or offline
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Assessee is partnership firm enganged in the business of the constructions. Assessee firm enter in to MOU with land owners in the year 2007 and paid Rs. 3 crs as deposit for development of land admeasuing 3 hector and 48 Ares.. As per MOU the land owners shall contribute right of development of land as capital contribution and the assessee firm will look after the constuction and bear the entire cost of construction . The assessee firm and landowners will share the constructed area in the ratio of 65:35 However , development of the project was not progressed as desire…
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Assessee is charitable trust duly registered under Bombay Public Trust and under U/SEc.12A of the Income Tax Act 1961. For A.Y. 202-23 there was delay in filling the Return of Income and Form 10 by the Trust. Therefore the assessee trust has filed an application for condonation for delay filling Return of Income and also Form,10 before the CIT (E) giving the reasons for the same. CIT (E) has condone the delay in filling the Return of Income appreciating the reasons given by the trust . However , has rejected the application filed U/Sec.119(2)(b) by the trust for condoning the…
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Assessee is partnership firm having 4 partners having equal share and engaged in the construction of project . The assessee firm has only one land which is disclosed as stock in trade the value of the same in the books is 2 cr and today's FMV is 20 cr. In the said firm three more partners are added who were ready to contribute the capital as well as use there infrastructure for executing the project on the said land. After 2 months original four partners express there desire from the partnership and it is agreed that they will be paid…
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What is the maximum amount that can be received in cash by a poultry producer for the broiler birds produced by him.
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i have seen the order in the portal only 31.03.2024. but the order was passed in 23.02.2024. there is a delay in filing the appeal what i have to do
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if the assessee died in year 2018 and Capital gain arise in the year 2015 and the legal heir of the deceased person which was his children are minor at that time and their mother are Doesn't have knowledge as house wife and income tax impose interest on Capital gain is there any chance that this interest waived?
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Sir, The wife purchased a property and the funds for purchase were paid from husband's bank account. The wife does not have any income and is a house wife. The property is given on rent and the wife is in receipt of rental income. Will this rental income be clubbed in the hands of the husband? If so, under which clause of section 64 of the Act? Please clarify.
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If an assesse buys a flat for Rs 70L for stamp duty value was Rs 90L. The flat was registered on May 2013. As per my best knowledge this section was applicable for all transactions after 01 Apr 2013 Is the IT right in invoking the above section for difference of Rs 20L
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Hello , In one of the CHS's case , redevelopment agreement entered into between Society and Builder. Redevelopment agreement got registered and builder had paid stamp duty on the same. Subsequent to this , department has sent notice to Society claiming that since the agreement is entered into between society and builder and society has benefitted with the sum of Rs......( Value of Development agreement) in the form of new construction, enhanced area and rental expenses in the existing property as per the agreement which is otherwise taxable under the head Income from Other Sources. Whether the said valuation…
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35a form