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| Membership of International Trade organisation | |
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| Excerpt of query: | Assessee is partnership firm engaged in the running multispeciality hospit and all partners are doctors. The membership of international trade organization is taken in the name of one of the partners , having object of increasing the networking and focus on B to B business’s or profession. Whether one time membership fee in the name of one of the partner amounting to Rs. 10 lakhs is paid. whether this amount is allowable deduction in the hands of firm ? |
| ALLOWABLE EXPENSES UNDER SEC 54 TO MAKE THE FLAT HABITABLE SO THAT EXEMTION CAN BE CLAIMED | |
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| Excerpt of query: | I have purchased flat recently which is in unfinished or semi finished condition.ie wardrobe cabinets not in place,kitchen platform , kitchen cabinets not in place,interior not done at all. Pl let me know what are the expenses allowed under sec 54 to complete interior of the flat so that exemption can be taken. |
| APPEAL BY NRI | |
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| Excerpt of query: | WHETHER AN APPEAL FILED BY NRI WOULD BE HEARD IN FACELESS MANNER OR IN PHYSICAL MODE? 2. WHETHER ASSESSMENT PROCEEDINGS IN THE CASE OF NRI WOULD BE HEARD IN FACELESS MANNER OR IN PHYSICAL MODE? 3. WHETHER BOTH APPEAL AND/ OR ASSESSMENT PROCEEDINGS ARE COVERED BY SECTION 144C ? |
| Issue of share at price lower than NAV by pvt ltd co | |
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| Excerpt of query: | Will this attract any tax liability ? |
| Buy back of shares by Pvt Ltd cos | |
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| Excerpt of query: | After introduction of 56[2]x , will Buy back of shares by Pvt Ltd cos be covered in the hands of shareholders on difference in FMV and buyback price? |
| income offered in hands of spouse | |
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| Excerpt of query: | Full tax was paid by wrongly offering income in hands of spouse Mrs A and tax on LTCG was paid fully . What remedy lies for the other spouse Mr A whose case is reopened for same tax and same income ? |
| 43B* ESIC PF paid within grace period of 5 days [employee’s contributions] | |
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| Excerpt of query: | Is this still allowable after judgement of SC in the case of Checkmate case ? |
| S.127-Power too transfer case | |
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| Excerpt of query: | order u/s 127 passed by cit without hearing Assessee. can it be challenged before ITAT in the absence of provision u/s 246A? what is the remedy once asst is over ? |
| 153C vs 148, Jurisdction | |
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| Excerpt of query: | before amendment in 2020, 2 sections , notices u/s 153C and 148 had been issued without proper jurisdiction. whether issue of one in the place of other makes order of asst void or liable to curable defect? |
| INTEREST ON REFUNDS U/S 244A(1A) | |
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| Excerpt of query: | Assessment u/s 143(3) for asst year 2006-07 was made on 31/3/2008.Assessee paid demand determined.Notice u/s 148 was issued and 143(3)/147 order passed on 31/12/2009 and new demand raised.Assessee paid the demand within 30 days and gone to appeal.In appeal the CIT(A) gave major relief in 2012/ITAT gave major relief in 2015. Now the AO give appeal effect orders in FEBRUARY 2022 for both CIT(A) /ITAT ORDERS but interest u/s 244A/244A(1A) was given at 6 pc per annum. My query is whether interest u/s 244A(1A) of additional 3 percent interest per annum is applicable to assessee. Q 1)Why the same was not granted. Q2)What is the remedy available to assessee. |