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| cash purchase of animals from producers | |
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| Excerpt of query: | hi every one the assessee is a trader and supplies live stock (buffalo cattle) to the various meat factories. the sales are confirmed by the respective customers and payments are also received in bank account, but cash withdrawn from the bank account for making the payments to the respective suppliers (farmers/producers) in cash, because all the purchases are made from the farmers/producers of buffalo and the payment has to be made in cash. this cash purchase is allowed as per the conditions of Rule 6DD and section 40B. now the assessing officer is doubting about the purchase. now i need some case laws in favour of the assessee, where the sales are confirmed but purchases are in cash and not from any registered person. thanking you |
| 50C – sale of land reserved for public garden by municipal authorities | |
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| Excerpt of query: | – whether sale of agricultural land which is within the municipal limits reserved for public garden and sold below stamp duty ready reckoner price can be subjected to 50C . If not please give relevant case laws on the subject. I would be grateful for your guidance. |
| 56[2]x | |
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| Excerpt of query: | Does it need written agreement for claiming stamp duty of earlier ? Is letter of allotment enough ? |
| SEc. 45(4) and 9 B | |
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| Excerpt of query: | Assessee is partnership Firm enganged in the business of construction having 5 partners . Two of the five partners retired from the firm as per deed of retirement executed on 1.04.2017. It was agreed that one partner will get cash and other partner will get 1/5 portion of land from firm by 31.03.2023. accordingly they got the respective commitment as per retirement deed executed on 1.04.2017 in 31.03.2023. 1.what are implication of the above in the hands of firm as well as partners 2. whether it will make a difference if the said land is held as capital asset or stock in trade. pl guide |
| sales vs 68 | |
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| Excerpt of query: | 1] whether advance against sales can be treated as cash credit u/s 68 ? 2] whether sales amt itself can be treated as cash credit u/s 68 ? 3]whether sundry creditor can be treated as as cash credit u/s 68 ? 4] whether deposits fro dealers can be treated as as cash credit u/s 68 ? case law ? |
| agricultural land | |
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| Excerpt of query: | 1] Is it necessary to have agri income to claim exemption from capital gain tax on sale of Agri land ? 2] Can it be contended that it was for self consumption? 3] IS book keeping and record keeping needed ? case laws / sections ? |
| Goodwill | |
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| Excerpt of query: | pls analyse this order |
| RSU – Salary (Perq.) and Capital Gains (Loss) | |
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| Excerpt of query: | Taxation of RSU (Sweat Equity) in the holding company granted ‘free of cost’ to employee of its Indian subsidiary – Two stages / heads , – Salary – Perq. On Vesting, And; ‘Capital Gains ‘ On Sale of vested shares – In case , because of Recession ,the FMV taken for reckoning Perq. . Is less than the Price/FMV on Sale QUERY (Tax Planning) : How best to make good for the resulting Tax Loss ? |
| 56[2] vs partial partition HUF | |
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| Excerpt of query: | giving of gifts by huf to relatives amounts to partial partition ? does it need order u/s 171 ? |
| section 55 | |
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| Excerpt of query: | How does amendment proposed to section 55 in Finance Bill 2023, affect Redevelopment of property by a Society/ Landlord/members individually ? |