Answers By Expert: Law Intern
A has purchased Agri land for Rs.10 Lakhs in the year 2000. In FY 2023-24 A has converted this Agri Land to NA land for selling them in various plots. Valuation of the land on the date of conversion was Rs.100 Lakhs. All plots have been sold in FY 2024-25 for Rs.300 lakhs. Now query is, whether A can claim Rs.100 lakhs i.e. value as on date on conversion as a cost of land against sale of Rs.300 lakhs? If yes then any supportive section. If no then any other alternatives?
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A driver, who is uneducated, had his GST number registered in his name by another person (now deceased) without his knowledge and they had obtain the authorization to operate the bank account. This person used the GST number to commit a fraud amounting to Rs. 1.5 Crore. The GST number has since been canceled, and the department has issued a notice to the driver. The driver is poor he is struggle for survival with his family. kindly give us your valuable suggest as help to this poor. Your suggestion will be highly appreciated. With Regards,
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