Answers By Expert: Law Intern
Leave encashment limit raised to 25 lakh for others on retirement wef 1.4.23. It is not date of retirement, it part amount recd in 2022 got exemption 3 lakh.now part amount recd in 2025 can avail remaining exemption limit?
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The present appeal is filed against the impugned DRC-07 order whereby the Learned Adjudicating Authority has confirmed GST demand under Reverse Charge Mechanism (“RCM”) on payments made by the Appellant to Municipal Corporation towards: a) Additional FSI Premium b) Fungible FSI Charges c) Development Charges d) Scrutiny Fees e) Staircase Premium f) Open Space Deficiency Charges g) Other statutory charges under DCR/DCPR Regulations.
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My client has recd Notice u/s 148A on 31/03/2026 for A Y 22-23 calling information before 15/04/2026. I have filed detail submission on 14/04/2026 along with all the supporting documents.But till the date no any further notice or order issued by the AO I want to know the time limit provided to AO to pass an order Thanks
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PLEASE GIVE THE FULL TEXT OF THE DECISION OF A KOLKATA BENCH OF ITAT STATING THAT A CLERICAL MISTAKE IN FORM 3CD CANNOT BY ITSELF JUSTIFY AN ADDITION WITHOUT GIVING THE ASSESSEE OPPORTUNITY TO EXPLAIN AND CORRECT THE ERROR
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Dear sir , old 50 years rented property purchased @ Rs 5000 /= and paying rent Rs 100/= per month area 120 sqft --received from my father which has redeveloped in year 2015 with ownership bases new flats given to us . now after 10 years stay we wish to sold at Rs 50 lakhs . In redevelopment i have paid Rs 5.0 lakhs for parking space at ground level. NOW WHAT WILL BE TAX ? As already i have one flat on ownership bases available . any tax saving scheme is available ? or i can gift to my…
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The appellant has requested an adjournment. How can one find out the next scheduled date?
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A company is owner of a shop on which depreciation is claimed and allowed. The market value of the said shop is say 10 lacs. The building where the shop is located goes for redevelopment and the developer builder enters into an exchange agreement wherein he allots a shop worth Rs.20 lacs on the adjoining plot where he is constructed shops in exchange of the old shop. Possession of the old shop will have to be given on receiving possession of new shop. Whether the company has to deduct 20 lacs from block of assets as the old shop is…
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We are three brothers and inherited a house and 200gms gold jewellery from our father who died intestate. We have registered the house in PUDA in the name of the three brothers equally. Now one of the brothers wants to transfer the share to other two for money, who is NRI. Please give your valuable opinion as to whether this is transfer liable for capital gain tax, as one brother is relinquishing his right in favour of other FOR CONSIDERATION. THANKS
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Originally, under an arbitration award/partition effected in the year 1938, Ratilal Gandhi received his share from the properties belonging to his father. Thereafter, in the year 1950, he effected an internal family partition and allotted portions of the properties to his wife and one of his sons. Subsequently, his younger son was born. By way of a testamentary disposition (Will), Ratilal Gandhi bequeathed the commercial property falling to his share in favour of the Hindu Undivided Family (HUF) of the said younger son. The coparceners/co-members of the said HUF are the son, namely Shantanu Gandhi, along with his four children…
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Leave encashment exemption 25 lakh