INDEXATION IS ALLOWED ON GOLD IF SOLD BEFORE BUDGET??? AND WHERE TO SHOW IN ITR-2

Please help how to report sale of asset in Fixed Asset Chart as per con]mpanies Act.
OP. Gross Block Rs. 39,50,000.00 out of which A asset of original cost 14,50,000 was sold during the year 2024-25.
OP acumulated Depr. 28,40,000.00 (including accumuated depr. of Sold Asset of Rs.384000.00, current year depr. 218000 (including Depr.on sold asset of Rs. 1,40,000.00). Sale Proceed of Asset 725000.00, asset acuired on 2021-22 & asset life 8 years

Dear Experts,

One of my clients has recently incorporated a company in the UK and has offered me a full-time role as CTO. As part of the arrangement, I will be receiving :

15% equity stake upfront at no cost
Additional 10% equity over the next 3 years (vesting monthly, i.e., ~1% every quarter)

The purpose of this structure is to retain me and leverage my expertise and name.

Currently, there is no investment required from my side. The plan is that once we build a prototype, the company will look to raise funds.

I have the following queries:

Income Tax:
How do I disclose this in my Indian income tax return since I am receiving equity in a foreign company at no cost?

Will this be taxed as perquisite income (similar to ESOP) or only when I sell the shares?

Is there any requirement to declare it under the Schedule FA (Foreign Assets) of the ITR?

FEMA Compliance:

What FEMA rules apply when an Indian resident is allotted shares in a UK private limited company without consideration?

Do I need to file any intimation with RBI under LRS or any other FEMA regulation?

Future Funding:

Once the company raises funds abroad, will there be any additional compliance for me in India as a shareholder?

I want to ensure 100% compliance with both Income Tax and FEMA regulations from the beginning. Request guidance from the community on the correct approach.

Thanks in advance for your valuable inputs.

Hi,

If an Resident Individual having Self Occupied House Property, purchases an Under Construction House Property.....

Is under construction house property required to be reported under Income from House Property.

Sir we are filling itr ay 2024-25 u/s 139(8a) excess tax paid Rs 1000 against liability(interest) of Rs 990 and Rs 10 as refund
now itr is not filled due to refund whereas we don't want to claim any refund

please help to resolve issue
regrads
vikas

I PURCHASE PROPERTY IN 2002 AND SOLD IN JAN 2025( AFTER BUDGET) WHY FORM IS NOT CALCULATING CAPITAL GAIN WITH INDEXED COST???

Assesse received Subsidy from central government under National Livestock Mission Scheme. It is nonrefundable in nature. Can it be credit in in full to PL as Extraodinary Nature income ? What will be the correct accounting treatment for the same ??

Whether any expense allowable against capital gain of mutual fund?

Sir a individual received money(10 lac) from his father( land aquitition comensation by NHAI and Railway) as gift
my query is
how to declare in itr ???? is it taxable gift???? because more than 50k
OR no need to show in itr???
please advise
Vikas

One salaries person deposit cash more than one crore in FY .2024-25, in his saving bank account.
which is related to other person business receipt.
Which is day to day transaction cash collection and deposit daily in 1-2 days at bank.

Please suggested solution, how to deal with problem and how to file ITR and which ITR (under which section) in this case.
how much income to be declare