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Buy rural agriculture land and within 24 months without any agricultural activities on such land by aseessee sold after development in plot. Is it treated as capital asset and liable to capital gain.
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Amount given by all family members for investment in the Residential House property- Property will be used by all family members. So the amount taken can be shown as interest free loan. If transaction is between spouse or daughter in law whether clubbing will attract. If yes please provide some circular or any case laws
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I have a query on Validity of Stamp paper. 1) Whether old stamp paper can be used for deeds, if no time limit for the date of stamp paper. 2) if persons entered into a agreement on 1-4-2025 in how many days they have to prepare deed on stamp paper.
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My client want to shift from cash basis to Mercantile basis of accounting, but some services rendered in Mar last week and bill prepared in April. How to give effect of the bills in financials.
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Procedure for informing Income tax authority about death of an assessee. How to surrender PAN after death of a person.
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Form 26QB correction return to be submitted. I have a query regarding tax payment. Additional tax along with Interest, is payable. Please provide me process for the payment of tax and incorporate in correction return.
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My client has purchased a property of Rs. 51,00,000 in December 2023. He deducted tax of Rs.51,000. On making TDS challan payment he found that the seller's PAN is inoperative. He was requesting the seller to get his PAN Operative. Seller's PAN was made operative in July 2025. My client has paid TDS on property of Rs.51,000 (1%) on 16-7-25 and got TDS default demand @ 20% along with huge interest. What is the remedy to save this TDS demand and interest?
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Karta of the HUF wants to transfer the immovable property in the name of one of the co-parcener. under which instrument it can be transferred and what will be the stamp duty in Mumbai
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In a partnership Firm Partners remuneration was quantified in partnership Deed, but yearly remuneration was finalised on the basis of partner's performance in that year, which will be less than remuneration as per Partnership deed and remuneration is different for all partners. whether it is acceptable in income tax U/s 40(b). If not provide case laws .
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Tax deducted on sale of property, but not deposited in government treasury by Assessee, now case was selected in Scrutiny. How AO will get this information and how he will react on this.
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Whether Plotting of a rural agriculture land in CAPITAL assets