11UA

can preference share be valued at NAV ?

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  section 11 of Enemy property act

what is the defence available to the person who is served with a notice u/s 11 of this Act ? Can he save the property so bought without any knowledge of the same being a enemy property?  

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  Foreign ESPP – Summon U/S 131(1A)

I have received a summon from IT India referring to undisclosed foreign assets or interest. It does not specify any assets in specific but only assets of such nature that I have is ESPP stocks. I left the company that gave me ESPP stock in year 2020 and missed declare ESPP stock for AY 21-22. How do I reply to summon? Can I correct the ITR for FY 21-22 before replying?

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  5oC

flat sold to relative below SDV , will 50C apply ?

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  Surchage on AOP

when AOP is taxed at MMRate, Surcharge Should Charge at Slab wise or flat 37%

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  148A vs 148

In the case of a search/related party's case , notice issued u/s 148A instead of 148. Will AO get extension of time ?

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  271AAD

whether this section apples to political donations made by donor to a party which has later confessed having refunded cash on pro rata basis ? whether this will attract BMA ?    

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  Sec. 37

The assessee is a company engaged in the business of manufacturing and trading of machine tools. The  A.O. had made an addition of Rs. 14.5 lakhs on account of disallowance of investments and irrecoverable loans and advances written off on the ground that the said sums are given to subsidiary of the assessee company as capital investment and loan and hence are capital in nature and neither the said amount were taken as part of income in any of the earlier years without appreciating the submissions given by the assessee that amount paid by the assessee co clearly in the…

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  section 56(2)(vii). Difference between actual consideration and stamp duty value

The assessee is an individual engaged in the business of real estate dealings as well as in real estate consultancy. Assessee is also a partner in various partnership firms from which he derives exempt income and also has agricultural income. During the year  assesseehad entered into Sathekhat with land owner  for purchase of land on 04.07.2015 amounting to Rs. 1,85,00,000/- and paid Rs. 1.00 crores against the said “Sathekhat” and balance amount of Rs. 85.00 lakhs to be paid at the time of execution of the registered agreement for sale of land by the land owners in the name of…

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  LONG TERM CAPITAL GAIN ARISING ON SALE OF RESIDENTIAL PROPERTY INHERITED, CAN THE AMOUNT BE INVESTED IN ANOTHER PROPERTY IN THE NAME OF CHILD VIZ MARRIED DAUGHTER.

I SOLD THE RESIDENTIAL PROPERTY WHICH I INHERITED FROM MY PARENTS AND EARNED LONG TERM CAPITAL GAIN ON SALE OF THIS RESIDENTIAL PROPERTY. I WANT TO INVEST THE CONSIDERATION ON PURCHASE OF ANOTHER RESIDENTIAL PROPERTY IN THE NAME OF MY MARRIED DAUGHTER. WHETHER I CAN CLAIM EXEMPTION OF CAPITAL GAIN ON SALE OF RESIDENTIAL PROPERTY OR IS IT NECESSARY THAT I MUST PURCHASE IN MY NAME. SECONDLY CAN I PURCHASE JOINTLY IN MY NAME WITH THE NAME OF MY MARRIED DAUGHTER. PLEASE SUPPORT YOU ANSWER WITH PROVISIONS OF I T ACT AND CASE LAW, IF ANY, ON THE SUBJECT

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