sundeep
01 May 2025 at 11:25

Capital gains -1

I have made capital gains in April 2025 for the sale of an apartment for my daughter's marriage. Should I make the LTCG tax payment in 4 parts as advance tax or in full? Is there any compulsion to pay full tax? I am choosing Indexation with 20% tax. What other improvement costs can be considered, as I have no proof? Though a few modifications/rectifications were made in 2002 when the apartment was purchased.


Mahabir Prasad Agarwal

PAN card of one of my client contains his surname as KAJRIWALI which should be KEJRIWAL. To correct the same, what document will be required sir ?


jayant

Could anybody senior help me by providing draft grounds of appeal against Demand Order of Service Tax which was never communicated to the assessee and sent directly to the bank of assessee.
Service tax returns were duly filed and Service tax was duly paid as per IT TDS. It related to the financial year 2016-17.
Thanks.


Ashish Marwah

Dear [Tax Consultant / Financial Advisor],

I seek your guidance regarding the correct cost of acquisition and tax implications for my investments in Tata Chemicals Limited (TCL) and Tata Consumer Products Limited (TCPL) in light of the 2020 demerger.

✅ Investment Background:
I purchased 250 shares of Tata Chemicals on November 1, 2011 at ₹374 per share, resulting in a total investment of ₹93,500.

Pursuant to the Scheme of Arrangement between Tata Chemicals and Tata Global Beverages (now Tata Consumer), I was allotted 285 shares of TCPL as of the record date March 31, 2020.

❓ My Questions:
What cost of acquisition per share should I consider for the 285 shares of Tata Consumer received under the demerger?

Tata Chemicals’ communication dated May 16, 2020, specifies a 0.66% cost allocation to TCPL and 99.34% to TCL.

Accordingly, the cost attributable to TCPL is ₹93,500 × 0.66% = ₹617.10, i.e., ₹2.17 per share.

What are the capital gains tax implications for the sale of both shares, which occurred in 2024?

I sold:

250 TCL shares at ₹1,055 each on 22-Jul-2024

285 TCPL shares at ₹1,194.40 each on 19-Jul-2024

Should the grandfathering provisions under Section 112A of the Income Tax Act be applied to Tata Chemicals shares using the fair market value of ₹722 as on 31-Jan-2018?


R.KANDASUBRAMANIAN

Experts
well and please updae if any change in independent auditors report in FY 2024-25 for a small private limited company


Mohanraj J

Dear IT Experts
I need your guidance for IT Savings Investment Plan Under New Regime for the FY 2025-26 for Man/Woman.
Eg: NPS, Makhila FD etc

Thanks in advance.
mohanraj_vkj@yahoo.co.in


Vaid Mohammed

Hi,
I am working in Oman since 08 March 2025 thus, currently I am an NRI, as there are no plans to visit India in this financial year.
I want to transfer money from the salary I am earning here to my Indian Bank. I am planning to transfer 2.5 lacs per month to India, in my Indian Bank.
Please advise, will this transfer attract any tax or it will be completely tax free for me in India?


Prarthana Dharne
29 April 2025 at 17:53

Registration of Articleship

There is any time limit for rejoining of articleship after termination?


Ecstasyvio

ITR NOT PROCESSED. I HAVE RAISED 3 GRIEVANCES. SAYS PROCESSING. FILED ON 31.JULY 2024 UNDER 139(5) .AS SOME ADDITIONS IN AIS HAPPENED AFTER I FILED THE ORIGINAL ITR.


Priya

We are an exporter of medical products and are eligible for the duty drawback. We exported the product to our customer against an advance payment. Currently, the customer has returned the product as he is unhappy. We have to surrender the duty drawback. Please advise.





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