I purchased ULIP worth 5 lacs in aug 2011 (single premium), with an insured amt of 6.25 lacs
It got matured in mar 2021 and i got 11 lacs
How will this gain of 6 lacs be taxed - "income from capital gains" or " income from other sources"
If "income from capital gains" - then how much % tax ? and is indexation applicable ? which ITR i need to file ?

I am buying a builder flat under construction in resale from the original allottee. Total cost of the flat is 85 lacs. However the original alloteee has paid only 25 lacs till date to the builder. Transaction consideration between me and the original allottee is 25 lacs only and the flat will be transferred by the builder in my name. Balance 60 lacs will be paid by me directly to the builder as and when demanded. Am I required to deduct tax at source u/s 194 IA on payment of 25 lacs being paid to the original allottee?

While reviewing the last year FY20-21 GSTR3b filed for Dec2020, i found by mistake sales amount has been marked as zero. Is there any way rectify and update the actual amount now for dec2020? I am yet file my GSTR9 - annual return.

I have noticed that In BFLA the incomes brought from CYLA are before
set off of current losses, even though it mentions
current year income after set off of current year loss.
As a result in final computation of income, set off of
current years loss is not getting effect. So total income is not considering set off of current year loss under different head, for example Loss under House property. Whom to approach for correction? If Grievance is to be posted in TAX PORTAL, which department to select - DIG -Systems?
Has any body else noticed this error?

for existing trust how to apply for 12 AB registration
please guide me about the procedure.

Whether it is compulsory to validate the Bank a/c in portal to get refund ? I Tried to validate one of my clients's bank a/c but validation failed . Maximum no.of bank account holder do not have their own email ID and in that case how the bank account can be validated ?

Hi, 2009 I had received a demand against 143(1). Me and my CA had gone to the IT office to file our return. As per us the returns were correct. The income officer didn't have any data to tell us and we gave our request for more clarification. Unfortunately, we don't have the copy of the letter with us.
Since then the demand is open and the interest added has made it a big amount.
The demand says that tax paid was 17000, but Form16 shows we TDS was 3.8Lac. The same was mentioned in ITR.
Not sure how to address it.

Dear Sirs,
Can any one of you provide me with a copy of Vakalatnama for appearing for Service Tax Appeal hearing with Commissioner of CGST.

Is there any court fee stamp or any other stamp to be affixed on the Vakalatnama.

Thank you.

one of my client received payment from facebook ireland in USD , so its covered under export of service,
Is LUT Require in this case ??
can we filed for refund applications towards refund of unutilized credit of input services used for export of services??

I am filing my income tax return for HUF.
I am successfully completed validation portion.
While verification portion before submitting the return and getting verification code (system generated no) income tax filing system is throwing the error

IN Part A General, Return is being filled by Representative Assesses but field is not same as the PAN who is trying to upload the return

Even though I have put No for representative column.

I have tried many times, every time I am getting the same error.

Appreciate if you know the issue, please let me know. Thanks in advance