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| rule 11UA | |
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| Excerpt of query: | . Rule 11UA applies to unquoted shares of a company. However, a technical query is about whether the similar provisions apply for valuing share in a partnership firm or LLP? |
| leased property | |
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| Excerpt of query: | does while doing valuation under 11UA under part D for immovable assets do we also take leased assets i.e right of use to asset while calculating stamp duty value ? |
| CAPITAL GAIN IN VALUE LESS THAN STAMP DUTY VALUE | |
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| Excerpt of query: | ONE PERSON HAS PURCHASED PROPERTY IN AUCTION DONE BY A BANK AT RS 7 CRORE BUT THE STAMP DUTY VALUE OF WHICH IS 10 CRORES.WHETHER CAPITAL GAIN WILL BE TAXED ON DIFFERENCE OR IS THERE ANY WAY OUT |
| DT VSVS | |
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| Excerpt of query: | NO REPLY RECD FROM DESIGNATED AUTHORITY FOR OVER A MONTH OF SUCCESSFULLY UPLOADING FORM 1. WHAT IS THE OPTION AVAILABLE TO THE DECLARANT ? |
| cash transactions penalty provision applicabel | |
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| Excerpt of query: | sir, cash loan payment transactions dt:10-10-24 it assessee cash loan to relative(name Mr.A) rs:10 lacs amount through on cash mode paid After another cash loan repayment transactions dt:10-12-24 it assessee cash loan from relative rs:10 lacs name Mr.A)amount repayment received through on bank channel mode. Query; Above transactions viloation of it rules and penality provision applicable in it act. |
| How much tax on dairy income? | |
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| Excerpt of query: | |
| DT VSVS | |
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| Excerpt of query: | FORM 2 SEEN ON PORTAL, CREDIT FOR TAXES PAID BEFORE ASSESSMENT ORDER WAS PASSED NOT ALLOWED BY THE DESIGNATED AUTHORITY ALTHOUGH CLAIMED IN FORM 1 AND ALSO GROUND TAKEN IN APPEAL. AND FORM 2 IS SIGNED AFTER 15 DAYS . IS IT VALID ? |
| regarding penalty u/s 271DA. | |
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| Excerpt of query: | deptt/ revenue could not bring even a single piece of evidence on record that assessee has recd more than rs 2/lakhs from a particular person during a particlar assessment. nor the assessment proceeding took place for thatAY.assessee directly recd notice u/s 274 r.w.s 271DA and imposed penalty u/s 271DA.whether ao can imposed as he did not have any evidence, secondly as no assessment took place for that assessment year, penalty can be imposed in the absence of assessment being made. |
| Approval u/s. 151, without fixing physical or digital signature, granted to reopening of assessment makes the reopening invalid? | |
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| Excerpt of query: | Approval u/s. 151 was granted to re-opening of assessment without fixing physical or digital signature to the order u/s. 151 of the Income Tax Act. Whether this makes the re-assessment proceeding invalid? |
| 3rd Proviso to Section 44 AB and Form 3CD | |
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| Excerpt of query: | There is a mention of “further report prescribed under the Act” in the 3rd proviso to Section 44 AB. How does form 3CD relate to this “further report” especially when this form relates to “Statement of particulars”? Can it be construed that “further report prescribed under the Act” and “Statement of particulars”. Another doubt is that according to Finance Act 1984 by which Section 44 AB was inserted in the Act states only about “further report prescribed under the Act” . There is no mention of Chartered Accountant. So, who should sign the form? |