We own a 4Bhk flat under two names Mine and my father’s HUF, Building is to go into Redevelopment and 79 A will be signed, Wanted to understand is it possible, advisable, Tax efficient to split the flat into two 3Bhk flats One in each name , what will be the tax implications for the same ?

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WE HAVE A PARTNERSHIP FIRM WITH 9 PARTNERS AND 6 WANT TO RETIRE , WE HAVE VERY LOW CAPITAL ACCOUNT BUT FIRMS HAS THE ASSET WHICH HAS HIGH FMV AND GRV HOW CAN WE RETIRE THE PARTNERS ,HOW MUCH SHARE VALUE CAN BE CONSIDERED AND ON WHAT GROUNDS

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OURS IS A ESTATE OF A DECEASED INDIVIDUAL. ITAT HAS PASSED ORDERS TO RESTORE THE APPEAL TO CIT (A) IN 2022. WE HAVE STILL NOT RECEIVED ANY COMMUNICATION FOR HEARING OR REPLY. SIMILAR APPEAL WAS PASSED  IN OUR FAVOUR BY ITAT FOR OTHER YEAR ALSO. CIT(A) ALSO PASSED ORDERS IN OUR FAVOUR. ALL THE YEARS HAD SIMILAR GROUNDS OF APPEAL HOW DO WE FOLLOW UP FOR THE APPEAL AS ITS WAS UNDER NFAC PLEASE ADVICE AND GUIDE THANKS AND BEST REGARDS

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I retired from Bank on Jan 31, 2021. As per then IT rules, tax was paid on leave encashment over and above 3 lakhs for the amount being 20 lakhs. I tried for full exemption but in online form it was not accepted stating that I am not a government employee. In 2023, the exemption limit was enhanced to 25 lakhs from 3 lakhs. I felt cheated. As I observe, a person retired in FY 2020-21 like me, claiming such exemption through ITAT, succeeded in getting exemption. I also want to avail this exemption. How it will be done.

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ASSESSEE HAS GIFTED 4 RESIDENTIAL HOUSE TO HIS WIFE DID HE ELIGIBLE FOR DEDUCTION U/S54f

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Assessee is a Company. Initially Income returned furnishing LTCG- (3,01,10,469) Later on return revised and LTCG furnished- (3,09,91,066) Scrutiny assessment made and Income Computed-8,80,600 i,e difference amount of above 2 figures. Details of Scrutiny assessment: Assessees Submission- Sale of Property Rs. 7,07,72,924 Cost Price            Rs. 3,40,56,800 Cost of Improvement Rs. 6,77,07,191 Indexed cost of Acq & Imprv. Rs. 10,17,63,991 Long Term Capital Loss Rs. 3,09,91,067 AO Reply                      – Cost of Improvements were disallowed citing non submission of proof of expenditure although proof submitted(except few). Total Tax  claimed in scrutiny assessment was Rs. 1,83,165 which was covered by TDS claim of Assessee thereby arriving at a refund of Rs. 70,175. There was no mention of Penalty  proceedings u/s 270A in the Scrutiny assessment On a latter date penalty proceeding initiated citing under reporting of income of Rs. 3,09,91,067 (Which is the Long Term Capital Loss itself) and huge penalty imposed through demand u/s 156. Latest Situation of the Case: Appeal Filed. What would be the future course of action and what are the supporting case laws that could be submitted in appeal Please Help.

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Sir, One of the female non business itr returns non filed person purchase of agriculture land value rs:25 lacs f.y.25-26 Question; Assessess ITR returns filed compulsory and purchase of assets any limit above it returns compulsory in it act

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I pitched a flat in a society in 2006 for 50 lacs. In May 2023 , development agreement was signed with developer declaring total society consideration as 9 crores for 10 members. The redeveloper gave possession of flat in Nov 2025 with 30% extra area. I purchased a flat I Under construction in june 2025 which I will get possession in oct 2027. I want to sale the preset flat now. What are CGT implications for me.

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A company which was closed due to pandemic missed filing it’s returns. Now the company wishes to revive and start to function. How to file the pending ITR and ROC filing. Is there any way to avoid penalty. There were zero transactions in the company bank account since last three years.

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How long do High Court cases take to resolve?

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