Assessee is trader of land During the course of survey U/Sec. 133A some sale deed along with note about acceptance of cash consideration is mention. Assessee accept that it is for the sale of land . Simillarly these are notings found for purchase of land also . Whether unrecorded sale consideration it will be taxed as normal business income as assessee has offer the explanation and also given the source of the same. Or it will be taxed under Sec. 115BBE. Whether assessee can Take stand that only income or application which is higher to be taxed ? Pl guide…
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For the purpose of section 54/54F r.w.s 45(2) , does the time limit to purchase the new property to claim the exemption u/s 54 and 54F apply from the date of conversion of capital asset into stock in trade or date on which stock-in-trade is sold?
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Whether the co-parcener or Manager of Hindu undivided family may be the authorized signatory in Banks account
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As per the order of the Honourable Supreme Court, any appeal due for filing between 15.03.2020 and 28.02.2022 may be filed within 90 days from 01.03.2022. My query is whether in such as case, the appellant is required to file an application for condonation of delay. If yes, whether an affidavit is also required to be filed. Kindly guide.
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if in a private ltd co , strike off by roc can AO pass orders under section 144 and taxed . second question whether all receipts can be treated as income of a pvt ltd co who is builder . case laws in favour of assessee please
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Honorable Experts, Application for registration or provisional registration or intimation or approval or provisional approval u/s 12A/10(23C)/80G/35 Form No.10A for the A.Y. 2022-23 was unable to file before due date i.e. 31/03/2022 due some technical glitches in new I.T. Portal. Hence is there any alternative way to file the form no 10A for the A.Y. 2022-23? Kindly guide me to file the said form for the A.Y. 2022-23. Thank you, MOHAMED ALI, Tax Practitioner.
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what is time limit applicable for issue of notice today u/s 149 as amended by Finance act 2022, after considering god fathering provisions, is it 1/4/15 or 1/4/2011/12.
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SC holds reassessment notices issued under old regime deemed to be issued under S. 148A. Now what will be impact on : a. On going proceedings where reassessement are not completed? b. Where assessement are completed an assessee has filed an appeal before CIT A. c. Assessee who are party to Writ Petition? d. Whether review Petition can be filed before SC against this order which holds reassessment notices issued under old regime deemed to be issued under S. 148A. Pl guide .
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A private Specific Trust wants to convert itself into Discretionary Trust. What will be the tax impact and whether it will be assumed that on conversion private specific trust is first dissolved and thereafter discretionary trust is formed? Further, the specific trust presently has huge investments in shares of various private companies and are shown at cost price the question is whether on conversion the shares will have to be revalued and brought to tax in the hands of beneficiaries at the time of conversion and further shares are held for more than 24 months, the question is whether on…
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Notice under the above referred section was issued on 11/03/2022 for reply on or before 17/03/2022 Whether the aforesaid notice which allows less that 7 days time is valid? Whether the plea of invalid notice can be taken after issue of notice u/s 148 ? Whether the plea of invalid notice can be taken in appeal ? Whether on this plea the proceedings of re- assessment can be held invalid ? Thanks & Regards
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Papers about On Money on sale of Land U/Sec. 133A of the Act 1961