Would the legal heirs be liable for capital gain tax without receiving any payment & for only executing the sale deed of property already sold & possession held by buyers 35 years ago & payment was realised during sale by the deceased ancestor. What evidence would the heirs require for executing the deed & being exempted for capital gain? Any specified sections/provisions?

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Assessee is in retail trade with turnover of Rs.200 lakhs. It is 100% cash business and deposits cash from sales into the bank. He  offers 8% of turnover as income ( Rs. 16 lakhs) u/s 44AD of the Act. In the bank account there is closing balance of Rs.60 lakhs . The assessee uses the  Rs.45 lakhs to purchase a plot of land. The assessee opines that since he has offered 8% as income as required u/s 44AD the IT department cannot question the excess money of Rs.44 lakhs (60 – 16) standing in bank account and free to utilise to purchase the plot of land . Is the stand of the assessee correct?. What are the implications ?

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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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Adverse Possession. which court civil or revenue court has power to entertain suit of adverse possession on agriculture land where plaintiff name is not recorded in khasra and khatauni.matter of uttar pradesh state.

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Suppression of minority. In a closely held listed company huge profits are earned but minority shareholders are aggrieved on following 1] mgt is drawing huge remunerations and incentives 2]  minority shareholders have no say in mgt 3] pittance dividend is paid to minority what is their remedy ?

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My pagdi flat  where I was residing since 1997made ownership after redevelopment. we signed documents for alternate accommodation and other in 2014. Possession  on after development received  in June 2021.Now while selling of this flat what will be the acquisition date for gain tax.

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I got a flat in redeveloped society . The Development Agreement  was signed in 2010 between society and developer . The possession was given in june 2019. How ever due to litigation i could not execute Permenant Alternate Accomodation Agreement (PAAA)when other owners could do it in 2014.At that time as per  DA stamp duty and registration charges were paid by developer Now I approached my Builder to execute PAAA by paying stamp duty and registration charges .The builder refuse to pay Stamp duty and registration charges saying that his ac with society is closed and He will not pay anything. What stamp duty and registration charges i will have to pay to day on my PAAA execution. Recent Bombay High court order saying NO STAMP DUTY on PAAA if Delopment agreement is stamped and registered is available in my case ?

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1.What is time limit for initiating and levy of Penalty U/Sec 271DA of the Income Tax Act.1961. 2. Whether it is to be initiated in the assessment proceedings.

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Respected Sir We have filed form 4 but due to some human mistake we filed short amount and filed form 4 with lower amount. after words we received letter for short payment in May, 2022 and we have made payment  in reply of such letter in May, 2022 itself. But we have not revise for 4 that time and not have any update from department also. Form 5 still not received by us. Can we revise Form 4 now and ask from department to issue form 5 for the same.

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