THE ASSESEE HAS SOLD LISTED COMPANY SHARES THROUGH BROKERS IN BUY BACK AND STT IS CHARGED.WHETHER SECTION 10(34A) BENEFIT AVAILABLE.IN FY 21-22 TCS,JUST DIAL ETC BUY BACK OFFER HAD COME THROUGH BROKER MODE AND STT CHARGED.PLEASE NOTE THAT IT IS NOT DIRECT PURCHASE BY COMPANY. PLEASE REPLY ABOUT ABOUT SEC 10(34A).

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Assessee and 10 others friends have purchase two plots in The year 2019.and decided to do the construction. Also got the plan approved from Local authority in the name assessee and others. All the owners of land have executed MOU cum declaration where they have mentioned that all have agreed to open Escro account and which will be operated by assessee and one more person from remaining land owners. Each owner will contribute amount require for construction in the same proportion of their ownership of land. In the said declaration they have also mentioned the ratio of profits and losses to be share in proportion of their ownership in land. They have obtained the PAN, Tan, registration under RERA and GST as BOI under the name and style assessee and others. They have filed the return for the first year as BOI. Whether Act of assessee by considering them as BOI is correct? Can they be considered as Co owners of the project? Is there any other alternative in this situation.

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I received 148 notice for AY2014-15 on 30/06/21 which I challenged in high court. After SC verdict I received reasons to believe, 151 approval and other documents. I found out that both 148 & 151 were digitally signed and time stamped. The time on 151 was later than 148. So practically AO Didn’t have approval from PCIT when he issued 148. I challenged this aspect in my reply to AO. The orders from AO are yet awaited. The last date mentioned on AO Letter for me to submit reply was 9th June. Till date AO hasn’t issued orders or 148. I suppose 148 is time barred now for 2014-25 as maximum time period extension available to AO Is 7 days after my due date of reply(09th June) as per last provision in section 149. so I have 2 queries 1. the first notice issued on 30.06.2021 was without PCIT approval. How to challenge this in case AO Doesn’t consider this. 2. Will the 148 notice issued by AO NOW be valid as it is time barred. What to do when I get 148 notice.

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Whether clause 44 And 30C of Form 3Cd are applicable for Reporting in 3CD for Asst Year 2022-23.

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Respected sir, A charitable trust registered u/s 12A(a) of the Act, now carrying on business activity  having  in excess of 20% of gross receipts wants to forfeit exemption u/s 11 . what is the itr form to be used?  taxability is on net receipts (after expenses) or on grosss receipts , what is the rate of tax ? Pl elucidate

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Assessee is an individual and has income from partnership firm, interest on fixed deposits. The assessee has filed the return of income for A.Y 2015-16 wherein the income on account of LTCG on sale of agricultural land and interest on savings bank account was remained to be disclosed in the return of income. Therefore assessee submitted a letter before the AO that he was under a bonfide belief that the land being agricultural land situated outside 8 kms from the local authorities, therefore has not offered the income form sale of said land in the return of income. After coming to knowledge that the aerial distance of the said land is less than 8 kms and therefore an asset is a capital asset, however, since the time limit for filing revised return was not available, assessee submitted a letter to the AO that he voluntarily wants to offer the said income and submitted revised computation. However, the AO has not appreciated the submission and levied penalty 271(1)(c) on the following grounds: 1. The claim of the assessee about voluntarily offering the capital gains is an after thought decisions 2.Since the assessee is guided by a CA, he must have taken advise before filing the return. 3. Provision of the Act are very clear on the issue on how to calculate the distance for situation of agri land from municipal limits, the assessee has very little choice choice to get confused and not offering CG on sale of such land. 4. Had there been no scrutiny, the assessee would never had offered the CG for Tax . CIT(A) confirmed the levy of penalty on the ground that it cannot take up plea that all the income was offered voluntarily and cannot take the shelter of ignorance and oversight. The assessee has filed an appeal before ITAT. Please Guide.  

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Regular NRI assessee due to technical reason could not file the ITR for A.Y. 2020-21. TDS is more than the tax liability. Whether in application U/s 119 of IT Act to CBDT for permission to file the ITR can be obtained? Is there any other alternative with the assessee?

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I purchased the residential flat on 19th sept 1988 for Rs. 2,31,000/- subsequently flat went for development under individual agreement dated 31/12/2010. showing a value of Rs. 7,97,500/- and stamp duty paid by developer was Rs. 22,500/- subsequently redeveloipment delayed and was finally completed and cc certificate issued in November 2018. What will be the cost of acquisition if I plan to sell the flat now?

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On dissolution of firm, when it pays capital gain tax u/Sec. 9B, whether firm is elegible to claim exemption U/Sec. 54EC if assets distributed To partner is long term capital asset. If the firm decided To make investment in specified bonds and then distribute the same to partners in its books of accounts and record the same facts in dissolution deed and If partners offer the income accruing on the in investment on year To year basis, is it possible to claim the amount received on Redumption after five years completely tax free? Whether credit for TDS is available to partners

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The assessee sold an immovable property and deposited sale consideration to the tune of  caital gain under Capital gain scheme account and claimed deduction in ITR 2020-21 under 54F. Thereafter, the assessee demised before utilizing the deopsoit amount as per scheme. What will be tax treatment of Capital gain in case, the legal heir of assessee does not purchase any property or does not utilise the money as per scheme.

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