The NEW SURCHARGE scheme provides for levy of SC on income-tax on total income in the range between Rs 50,00,000 to one crore (first slab), and above. For the said first slab the prescribed rate of SC is 10%. The computarised System in place (CPC), however, auto calculates SC , instead of @the respective slab rate depending on the ‘income range’,- on the rate applicable to over the outer limit of the slab. For examle , if total income in a given case exceeds the threshold limit for the next higher slab- one crore (to two crores), the rate applied…
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Hello, I have been staying in my pagdi flat since 50 yrs which is currently going for redevelopment. Total flats are 8. 2 flats of landlord, 1 of me, 4 flats in one name which are commercial and 1 flat also commercial. Total 8 flats occupied by 4 owners. My area is 750sq ft. What should be the majority for it to go for redevelopment considering 4 flats is of 1 owner? How much additional area will i get? Thanks
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Sir/Madam, whether there is any difference between fixed and fluctuating capital contribution. And for audit purpose under Section 34 read with Rule 24 whether both have to be added.
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Assessee is Private Limited co ,engaged in manufacturing of spices and pickles , has filed the ROI declaring loss for AY. 2018-19 amounting to Rs 2620000,/ - which includes Dep of Rs. 6 lakhs . It has also carried forward Business loss of Rs. 6 lakhs and Depreciation loss of 15 lakhs . Case was selected for scrutiny assessment and AO completed the assessment u/sec. 144 by computing loss at zero and making addition of Rs 20 lakhs u/sec. 68 of the Act on the ground that assessee has not responded to notices issued by AO. Whether action of the…
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I WOULD LIKE TO KNOW HOW MANY CASES ARE PENDING AS ON 28TH JULY 2023 AT ITAT AND CIT APPELAS?
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If I submit without attaching documents by mistake...can I submit re respond
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if judgment itself contained that this judgment related to only this case and fact , then this judgment not applicable to other cases pending for the same reasons ?
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Assessee is a Trust filing return in ITR 7. While filing the ITR 7 for the F.Y. 2021-22 in SCH IE-4 due to oversight assessee missed to fill up the "Amount applied for objective". However, assessee filled up for Gross annual receipts and Balance accumulated in SCH IE-4. Later the assessee received office communication to submit a response u/s 143(1)(a)(ii) We submitted a response. Later the assessee received an intimation order by CPC (treating the amount that we missed to fill up in the "Amount applied for objective ") as Income From Other Sources u/s 143(1) Kindly advise whether this…
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Flexi-Benefit Claiming eligibility. Is FBP pro-ration (based on employee attendance, date of joining, date of relieving) applied on all types of flexi-benefit components (annual components/quarterly components/ half-yearly components/monthly components). What is the income tax section that governs the FBP rules and regulations for claiming and planning and recovery in case of claimed ineligible FBP benefit.
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Shareholder. Can a shareholder of unlisted co offer his/her pvt portfolio as margin for derivative trading by unlisted co? any tax or other impacts ?
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The NEW SURCHARGE SCHEME vs (X) Auto calculation by CBC ?