Assessee got land settled from his father in 2021. Father had got the land on 31.10.2018 via court order on account of legal dispute with brother. (It belonged to assessees grandfather who did not leave a will. ) During the course of legal proceedings, valuation by govt surveyor was obtained in 2013. For computation of cost of acquisition, can the fmv obtained in 2013 be considered and index it to 2021?
Assessee sold the land in July 2021.

Ok Thankyou
What if transferred by member himself to his HUF by cheque? Amount 10-15 lacs

Dear Expert,

Could you please provide me some education on the subject with an example....

Thanks & Regards

TDS under section 194D , when to deduct and by which TDS deducted.

To claim ITC, the buyer should pay the supplier for the supplies received (inclusive of tax) within 180 days from the date of issuing the invoice. If the buyer fails to do so, the amount of credit they would have availed, will be added to their output tax liability.

pl clarify above with example

Dear Sir/Madam,

I had invested with a stock broker(BMA Wealth Creators) in various shares worth INR 2,27,738.70 (cost value) between July 2017 and September 2019. The broker was announced defaulter and expelled by NSE on 31 Oct 2019. Since all my shares were in broker's pool account, I filed a claim with NSE as per NSE notification. NSE had reviewed my claim and admitted INR 2,24,574.48 (cost value of invested amount) from Investors protection fund and paid the same in Feb 2021. NSE further reviewed the claim and recalculated the claim settlement amount adjusting for the closing market value of shares on the date of default/expulsion of the broker. The revised claim amount was considered as INR 3,12,196.65( Market value as on expulsion date) and paid the difference amount of INR 87,622.17 (3,12,196.65 - 2,24,574.48) in Nov 2021.

I request your advice as to how treat the above while filing the IT return for AY 22-23.

Please let me know if you need any further details relating to this to assist me

Note : I had not shown the settlement received for INR 2,24,574.48) in tax return for AY21-22 as there was no capital gain.

I would really appreciate your help and suggestion so I am Tax compliant.

Kindest Regards,
Krishnakumar V
Mobile : 9840847698

Dear Sir

Can i file my ITR or should wait for some time because some information yet not update in AIS form- specially Post office saving interest and NSC info.

Please suggest

we raised credit note in gstr 1 , so should we update HSN NO belongs to credit note too.
is there any option for hsn wise updation for credit note as credit note auto populated in gstr 1

Dear Sir,

A person invested Rs.50000/- In January 2022. But still its not updated in Ais form. So can he need to shown Interest from Jan to March 22 in ITR or shown in January 2027 ( Whole interest) when it mature. Can A person Claim 80C deduction of RS.50000/-
also Post office Saving account interest also not reflect in Ais form So please suggest

We want to distribute benefit/perquisite in the form to gold coins to our dealers/distributors in this year ie, post 1st of July 2022. This benefit is for achieving the sales for previous financial year i.e. FY 2021-22. The said scheme was very well drafted and circulated to all the concerned during the beginning of the previous FY. only distribution of the coins will take place in this financial year.

now the question is whether TDS under section 194R is applicable even if the scheme under which we are providing such benefit belong to previous year?