56[2](x)

Does it apply to Tenancy rights acquired free after ay 17/18 ?

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  Longterm Capital gain tax exemption for purchase of Flat against selling of Shares & Mutual Funds

Dear Sir/Madam, I am planning to purchase a second hand flat in Hyderabad City in the month of March 2025 or April 2025 through 100% payment by DD (approx. INR 75 lacs).  However, I also plan to sell my existing shares & mutual funds after December 2025 (i.e., expect market to regain the momentum by December 2025).  I expect to get capital gains amount approx. INR 30 to 32 lacs after selling of these shares & mutual funds. Can I get 100% exemption of LTCG amount of INR 30 to 32 Lacs even if i pay the entire amount in…

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  Income tax appeal before CIT(A)

The assessee wishes to file a CIT appeal on his own. And he is financially weak and unable to pay 20% of the disputed tax amount. In this case, is the appeal allowed? your valuable advice will be appreciated. Thank you

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  tax implications on a retiring partner and partnership firm which has immovable property without having done revaluation or fair market valuation

what are the tax implications on a retiring partner and the partnership firm when a partner retires from a firm having fixed assets (without revaluation of the fixed assets i.e. land or immovable property or without fair market value of the fixed assets)?

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  REASSESSMENT PROCEDING U/S 148 OF THE IT ACT

Sir in my client case IT dept got an information during a search conducted at the premises of the supplier from whom my client used to purchase goods that my client had made a payment of Rs. 863000/_ to the supplier in cash for payment of goods, hence to verify the same case of my client re opened and now has alleged that why this as much amount of cash payment shhould be added in income u/s 69C of IT Act. however during reassessment proceding my client had furnished all the bills and copy of a/c of supplier alongwith bank…

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