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Flat purchased in 1985 for Rs.10 lakhs. Sold in FY 2025-26 for Rs.1,13,00,000 after redevelopment in 2023.What will be the long term capital gains? Mr. Satish Mhadnak
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Jv with builder 1.9.24 half ground for one flat for me (owner) and 2 for builder with consideration of 1flat with 20 lakhs cash (bank transfer 5 trs during 2025) project to be completed 30 June 2026. Land is acquired by settlement deed of my father property 3.05.24 register value 40 lakh What would be my capital gain
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Residential Property transferred to legal heirs on 07/02/2019. It was given for redevelopment on 25/11/2022. No financial consideration/monetary benefit since it is redevelopment. Occupation certificate received on 05/08/2025. 4.77% Part of the property (Carpet area) sold in March 2026.What is the Tax applicable for AY 2026-2027 for ITR 2 form.
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the faceless assessing authority has rejected the claim of the assessee and levied tax stating there is under reported income and also issued a penalty notice under section 270A of Income tax act, 1961 for the assessment year 2024-2025. Since tax levied is on underreporting of income, immunity under section 270AA of the income tax act is not applicable. Whether the assessing officer can waive the penalty under section 273 of Income Tax Act. if any case laws are there please specify
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Respected Members, I seek guidance on the sustainability of an addition made under Section 69A r.w.s. 115BBE in a real estate transaction case. Brief facts: A property was purchased from a builder, and all payments were made through banking channels. A search u/s 132 was conducted on the builder group. During post-search investigation, seized Tally data / internal records allegedly showed certain buyers having paid “on-money”. The assessee’s name appears in such data against an alleged cash payment. Based solely on this third-party data, the AO has made an addition u/s 69A. Key issues: No cash was found from the…
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Dear Sir, my query is on redevelopment of commercial property, whether capital tax is applicable or not to receiver of the new owner
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ADDITION U/S 69A WHILE THE RETURN FILED U/S 44AD VALIDITY OF ADDITION
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sir, A pediatric doctor - owns a commercial building and has rented it out. He is registered under GST and the rent of Rs 25 lakhs per year is taxable income. He has tenants who do not pay him. So he has approached an individual lawyer and consulted him regarding eviction and filing suits on such tenants. Query - does the doctor need to pay GST RCM on legal services?
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What will be the long term capital gains?