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| Sec. 132 Sec.131 | |
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| Excerpt of query: | Search u/s 132 in progress for 20 plus days. In between, can Authorised officer record a statement of the searched person u/sec. 131 to investigate about seized material? Can these statements be used for third party legally? |
| Sec. 132 vs Sec.153A | |
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| Excerpt of query: | Father A and Son B were searched u/132 at residence. Diaries written by father seized, owned up by him. Certain notes on cash loans were written in the name of Son B in that dairy. B not aware. Assessment under which Sec. to be carried ? 153 A or 153C? |
| LTCG (Loss) of NRI from sale of listed shares of Indian Company. | |
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| Excerpt of query: | I am an NRI. I have suffered a LTCLoss from the sale of Listed shares of Indian Companies , Under the Capital Gain item No. 6 – 7 – 8 & 9 are for NRI. Under which item should I report the above mentioned loss |
| HUF Full Partitioning | |
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| Excerpt of query: | Is Deed for Full Partitioning of HUF with only Cash Assets is to be Notarised Or Stamp Duty & Registration is MUST |
| Dividend payment to NRI in INR-Tds applicability & Return to be filed | |
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| Excerpt of query: | Hi, We are a Private Limited Company & need to make dividend payment to to just become NRI shareholder in INR. As per your opinion Form-15CB& 15CA is applicable for the dividend payment transaction. As the Form-15CA-CB requires the currencies to be mentioned in INR as well as Forex. In such case how to mention the forex amount as the payment is in INR. Hope for the earliest reply in the matter. Best regards, |
| Whether Plotting of a rural agriculture land in CAPITAL assets | |
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| Excerpt of query: | 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. |
| Investment in the Residential House property | |
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| Excerpt of query: | 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 |
| Validity of Stamp paper | |
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| Excerpt of query: | 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. |
| Cash basis to Mercantile basis of accounting | |
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| Excerpt of query: | 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. |
| PAN surrender | |
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| Excerpt of query: | Procedure for informing Income tax authority about death of an assessee. How to surrender PAN after death of a person. |