Dear Sir/Madam,

My query is as follows:

Mr A & Mr B, Father & Son, purchased a property jointly in Panvel, Maharashtra in 2007 for Rs. 10 Lakhs. Due to old age, Mr A gifted his 50% share in property to Mr B in 2016. Mr B paid Rs. 30000/- as stamp duty & registration charges of Gift deed.

Now, in Jan 2024, Mr B wants to sell this property.
Can he claim this Rs. 30000/- towards registration of gift deed as cost in capital gain calculation?

Kindly guide.
Thanks & Regards,
Suraj

Assessee has sold a land and earned LTCG, which he has invested in construction of new residential house on an existing plot of land, so is the assessee eligible to claim the exemption u/s 54F, by contructing new house on old and existing plot?

Dear Experts,
My Client sale aluminum scrap, heavy melting scrap etc.... In this case any liability TCS on these scrap ??

Hi, I just wanted to know weather income from house property below 2 lakhs, is to be declared in the ITR. This year my income from business will be approx 10 lakhs and I have a appartment which I have given on rent for Rs.14,500/- per month. So am I liable to pay income tax on the rental income?
Thankyou.

How to nullify the old demand of A.Y.2009-10 of a Railway employee, the TDS Return has now been corrected by the Railway Employer and TDS Credit appearing in 26AS of A.Y.2009-10 in December 2023 , by pursuing them several times. Please guide. Thanks.

One of my client is running a petrol pump business. they bought petrol worth Rs. 15 crore during last F.Y 2022-23, from HPCL .. is there a requirement to deduct TDS u/s 194Q?

my Client has deducted TDS U/s 194Q from HPCL,
Now HPCL is denying to adjust same in bill.. and deducted TCS U/ Section 206C (1H)

now what option my client have.. plz guide

Dear Sir,
A person need to pay 18% gst instead of 12% paid with 3b and R1 of March 2023. Whether it can be paid by drc 03 ? and which head to be select while filing drc 03.

Please clarify.

What will be the taxes which I need to bear in Importing? Please let me know the type of taxes and rates of the taxes applicable?

I am a salaried employee having around Rs.3 Lakh gain in capital gain of long term. Therefore I want to transfer shares from my demat to mothers demat and sell the holdings from her account. So what documentation will be required for transferring the share? Will I have to prepare Gift Deed or not?? And in whose hand long term capital gain tax will arose?

A company whose principal business is to run a playgroup for toddlers, parks its surplus funds in shares & securities of listed companies. Over a period of time these financial asset (shares & securities) exceeds 50% of the total assets of the company. Income from such assets also exceeds 50% of gross income of the company thereby fulfilling 50-50 Asset Income Test of RBI. Whether this company is required to obtain registration as NBFC from RBI even if its principal business is not that of NBFC.