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| 148A(d) order passed, Next procedures to be known. | |
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| Excerpt of query: | For our assessee notice u/s 148A issued, they came to us after time period for reply is over, officer passed order u/s 148A(d), and assessee not filed original return. what is the next procedure, please let us know. With Regards, |
| Transfer pricing Study report | |
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| Excerpt of query: | who can sign it ? Is it necessary before TP audit is over ? |
| Reassessment and search action u/Sec. 132 | |
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| Excerpt of query: | Assesseee co is developer and Builder. Search action U/sec. 132 has been conducted in the year 2022-23. During the course of search one pen drive was found with one of the employee, which contains the noting of cash transcation. On the basis of such noting and statement of few employees and one of the director, where in they have accepted the noting are in respect of cash transcations carried out by assesseee and group co. On the basis of such admission Mr. A received Notice from AO , asking the Mr.A as to why amount mentioned on the seized pen drive should not be treated as income escaped from assessemt and liable to be tax for A.Y. 2016- 17 with in 7 days as the said information is flagged as VRU module as RMS guidd lines. It is also stated that this letter be consider as Notice U/Sec. 148A(b) of the Act. Whether such action of AO of Mr. A is legally justified . What are options available with Mr. A. CONSULTNAT OF Mr. A ADVICED HIM TO DENY THE SAID TRASCATIONS AND ASKED FOR COPY OF ENTIRE STATEMENTS AND DOCUMENTS AND OPPORTUNITY OF CROSS EXAMINATION . WHETHER THIS ACTION IS CORREFT PL GUIDE |
| interest on pvt home loan | |
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| Excerpt of query: | 1 can it be claimed from IFHP ? 2. can pvt loan for home loan fall u/s 80C ? |
| income tax section 11, 12 and 50CA | |
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| Excerpt of query: | The trust registered u/s 12AA and 80G received unquoted shares as donation and sold the shares by market auction. the sale price was below net worth of shares. whether provisions of section 50CA will be applicable on the trust. |
| Indexation on listed shares | |
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| Excerpt of query: | Sir, My client is having long-term capital gains on the sale of shares(Listed). can I pay tax at 20% by taking the indexation benefit. Please clarify. |
| Condition of Stamp duty Value and Claim of Deduction U/Sec. 80IBA | |
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| Excerpt of query: | As per provisions of Sec. 80IBA, the maximum value of the house to be constructed for being eligible for deduction under this section for projects approved after 1.09.2019 shall be restricted to Rs. 45 lakhs as per Stamp duty Rates. Satisfaction of condition for being eligible for claiming deduction U/s. 80IBA with respect to Stamp Duty Value up to Rs. 45 Lakhs is to be seen at what point of time i.e. only once at the time of project approval by competent Authority or whenever the unit is sold as the stamp duty value keeps on changing almost every year in certain areas. |
| 131/131[1A] | |
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| Excerpt of query: | can AO call any witness personally even if he stays beyond 500 km ? If yes, what are conditions ? |
| What is the GST rate on Development and other charges collected for developers for 5% afforable scheme | |
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| What is the GST rate on Development and other charges | |
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| Excerpt of query: | GST rate on development charges or infrastructure charges collected by builder from customer. If its part of agreement value can it be at 1% or 5% |