Whether indexation benefit applicable on sale of gold? Or flat 12.5% on difference between sale and purchase
A If I have 3 flats and i sell all 3 during a financial year, am I entitled to exemption of Rs 10 Cr in each of these 3 flats. In other words the exemption of Rs 10 Cr is for each flat and not in totality during a financial year.
B Direct Tax Code is expected during the next financial year(FY 25-26). Is the benefit of Sec 54 and Sec 54F likely to be discontinued ?
I passed my Group2 Ca inter exams in May 2024, but noticed that that my gender was displayed incorrectly as female in exam form after a few months of passing the exams when I filled up the exam form for G1 January 2025. Gender is not displayed in Admit card and Marksheet, so did not notice it at that time, I am worried whether my result will be cancelled or any discplinary action would be taken against me by institute?
I have already updated Gender in my profile by raising a request on SSP portal, and it is showing male now in the profile but in the future Jan 2025 exam form and the previous exam forms showing me as a female. wrote to ICAI but no reply from them.
Sir, for annual returns filing for the F.Y. 2019-2020 was 31-03-2021- is it correct sir
we are paying stall rent in exhibition to be held out of india, whether 15CB required
FOOD OUTLET IS PAYING GST AT 5% WITH NO ITC CLAIM. NOW AFTER 1ST OCTOBER RCM ON RENT PAID IS TO BE PAID BY THE RESTAURANT @ 18%. SO CAN HE CLAIM RCM CREDIT OR NOT
Hi
can anyone guide me about below matter
I have filed ITR of one of my client who was liable to under tax audit for the FY.2019-20. clause 26 In respect of any sum referred to in clause (a), (b), (c), (d), (e), (f) or (g) of section 43B, the liability under tax audit report. I have entered amount of statutory dues in wrong column is not paid on or before due date instead of paid on or before due date. therefore IT department raised demand for the above lability. I have filed online CIT appeal and I won the appeal and order of the same has received online only but AO is not giving effect of order and raised demand and send me notice again and again. before 2 days I have received mail from the CPC that,right transferred to AO but I am not able to understand if I have filed online appeal and order(CIT) received online only then why I would approached offline process.
kindly guide me
Whether assessee is eligible for 50% for dispute tax where his file is in appeal and similar issue was settled in favour of other assessee by the Karnataka High Court case
I along with my wife (both senior citizens of India by birth) moved to USA for permanent residence on Green Card at the end of Oct 2023. We are now on a visit to India since 8th July 2024 and will return to USA on 13th Dec 2024 and will not visit India again during the AY2025-26.
we were in India for 211 days (from 1April 2023 to 29th Oct 2023) in the financial year 2023-24 hence filed our returns for AY2024-25 as “Resident”
We will be staying in India for 158 days (from 8th July 2024 to 13th Dec 2024) in the financial year 2024-25.
We are filing Tax returns to IRS USA on global income as resident.
Grateful for advice what should be our status for returns to be filed for AY2025-26 in India.
what is capital gain tax rate on flat sale by nri? Is it 12.5% without indexation or 20% with indexation?
my ivew--> only 12.5% wo indexation as per section 115E (b)ii
am i wrong?
Indexation benefit applicability