Answers By Expert: Law Intern
Hi, i want to know whether Brokerage, Stamp Duty cost is allowed in section 54F Deduction ? This is regarding buying residential property and i want to include Brokerage + Stamp duty in cost of acquisition.
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WIFE DIES IN 2022-2023, LEAVING BEHIND HUSBAND, UNMARRIED SON AND DAUGHTER WITH A 50% SHARE IN A RESIDENTIAL PROPERTY WHICH IS BEING SOLD IN 2024-25. BALANCE OF 50% SHARE IS HELD BY THE UNMARRIED SON. THE PROPERTY WAS PURCHASED IN 2010-2011. THE SALE PROCEEDS RECEIVED BY LEGAL HEIRS IN PROPORTION TO THEIR SHARE DIRECTLY FROM THE BUYER, SON GOT 66.66%, HUSBAND 16.67 % AND DAUGHTER 16.67% LEGAL HEIRS ARE DECLARED BY THE THASILDAR OFFICE. NOW THE QUESTION IS HOW TO COMPUTE LONG TERM CAPITAL GAIN AND HOW TO SHOW IN INDIVIDUAL RETURN. IF THE COST OF ACQUISITION IS INDEXED, THERE…
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Hi, Kindly clarify for the purpose of computing interest under section 244A(1A) of the Act whether the same should be calculated on the A- [Refund+244A(1) interest] or B - Refund (w/o Interest u/s 244A(1))
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what is effective date for 54/54F regn payments or possession
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Circular 16/2024 dt 18/11/24 applies to form 10CCB as per your statement. Is there any internal communication or internal circular wch states that it applies to form 10 ccb also .
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a search was conducted on the client of a c.a on 5.10.2020. alongwith residence of c.a and a cash of rs 6 lacs seized from her locker who explained that it was her professional receipts. no other incriminating material found either from her office or clients office.no notice under section 153A or 148 issued to her till date. Please guide if department can open case now under section 153A or 148 section 153 b time limit is applicable on it or not.what time limit is applicable in this case. how can she claim her seized amount from department. Thanks in…
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1] if it pertains to section 54, what is the taxability after 3 years ? 2] if it pertains to section 54F, what is the taxability after 3 years ? can another flat be claimed against this in 4h year ?
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Can additional 3% interest be awarded on IT Refund U/s 244A(1A) Rw 244A(3) abstracted as under– Sec 244A(3) —Where, as a result of an order under section 155 —– the amount on which interest was payable under sub-section (1) has been increased —— the interest shall be increased —– and the provisions of this Act shall apply accordingly.*** *** Which includes above referred sec 244(1A) also*** Kindly enlighten me in this regard Thanks
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How many days it takes to receive itat order after order are pronounced
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Hey, I have sell the property for after the indexed cost of acquisition there is a capital gain, but i have hold the property for 20 years and done lots of repair and maintenance but i don't have retain those bills so how can i prove that do i can claim some cost of improvements.
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Stamp Duty + Brokerage deduction allowed in Sec 54F