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| Rejection of DTVSV application after payment of tax & filing of Form 3 | |
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| Excerpt of query: | Form 2 of DTVSV issued on 17th Feb not received on mail. Assessee downloaded the same from portal on 23rd March & Filed form 3 & paid the amount on 29th March. Received DTVSV rejection order on 1st April. Is this correct. Can the assessee file an appeal against the DTVSV Rejection ?? |
| Purchase of T-shirt with school logo | |
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| Excerpt of query: | Whether tds applicable on purchase of t-shirt with school logo for students? If yes, what will be the tds rate?? |
| Car purchase transaction | |
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| Excerpt of query: | If tax payer purchase of new car assessess name and car purchase value credit by capital account.assessee purchase of car used for professional purpose. Question: Assessess above transaction correct for it purpose |
| income tax notice for penalty | |
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| Excerpt of query: | WHETHER PENALTY PROCEEDINGS INITIATED UNDER SECTION.274 READ WITH SECTION.270A OF THE INCOME TAX ACT,1961 IN CASE THE INCOME TAX RETURN IS FILED UNDER SECTION.148 IS LEGALLY TENABLE |
| Price discrepancy | |
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| Excerpt of query: | Dear Sir, In Brief: Builder approached for reconstruction of our existing flat, out of 34 members 29 got convinced. In our flat there are 3 types of apartment a) 40 Sq.yards (14 flats out of 34) b) 55 Sq. Yards (04 flats out of 34) c) 72 Sq. Yards (16 flats out of 34) Now, builder has proposed offer of 100Sq. Yards flat to every house owner, we have an objection stating if 40 Sq.yard owner is getting 100 Sq.yard then accordingly we should get flat size of the 180 Sq.yard. We have also given solution of giving us 2 flats, we are ready to pay balance amount or give us one flat and give appropriate amount to us Whats can be done in this type of case according to law 1. Our point is reconstruction cannot go ahead focusing Individual property rights without fair compensation. |
| notice issue on cash gift transactions | |
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| Excerpt of query: | SIR, is deptt issuing notices on cash gift transactions between relatives exceeding a certain amount. for AY 2025-26 or 2026-27 |
| Capital gain tax applicable for landlord or tenant | |
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| Excerpt of query: | Sir, A landlord own vacant site leased to tenant (leased period from 2016 to 2026) and tenant leased period for 2018 construction of commercial building in leased site If landlord own vacant site along with tenant construction building sales to third party year 2025 Question: Above transaction capital gain tax applicable for landlord or tenant for it purpose. |
| Gift of listed Company Shares within family relative | |
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| Excerpt of query: | If Mrs.A gift shares which cost is 2 lacs source is explainable in the year 2000 and now the market value is 2 Cr to Relative , which precaution to be taken so that it is not added in Sec 68. Is there any restriction on amount to be gifted to relative and is there any occasion is required to give gift to be exempt u/s.56(2)(x)? What documents to be prepare for Gift of 2 Cr of listed shares other the Gift Deed? Whether Donee has to disclose in ITR and if so what value to be disclosed? |
| Select of scrutiny provision applicable f.y.24-25 | |
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| Excerpt of query: | Sir, Assessess fees collection from patients income rs:25 lacs f.y.23-24 itr returns filed but fees collection from patients income rs:20 lacs f.y.24-25 Question: Assessee’s income rs: 20 lacs itr returns filed f.y.24-25 after selecting of scrutiny provision mandatory applicable f.y.24-25 for it purpose |
| Difference cash unexplained treatment f.y.24-25 | |
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| Excerpt of query: | Sir, A Doctor cash on hand balance physical verification match to account Book records difference rs:8 lacs amount show f.y.24-25 as on dt:28-02-25 Question: Assessess difference cash amount rs:8 lacs unexplained cash adjusted procedure f.y.24-25 |