Sir,
I have invested around Rs.16 lakhs towards interiors/furnishing/electronics and electricals in the year 2016 on my flat that I have purchased as raw flat.
Sale deed executed is Rs.42 lacs.
My query is:
1]Can I add inetriors value Rs. 16 lakhs as cost of the flat while computing capital gains tax with or without indexation benefit?

Auto Dealership Car Vehicle Closing Stock Valuation : Is it right to Reduce Incentives like MAC , DRF to reduce from Year End Closing Stock ? Please guide as per IndAS.Thanks

If the sundry creditors (old carried forward from previous years in AUDIT REPORT) are added back to income during the survey and offered to income under PGBP and IFOS for AY 2018-19 (the year of the survey). What will be the section of inclusion will it be under 41(1) or 68/69 of income tax.

PLS PROVIDE ABOVE RECO SHEET IN EXCEL .

The TDS return was processed with defaults due to the PAN of one of the deductees being listed as inoperative. However, the PAN was operative at the time of filing the return and is still operative now. What could be the reason for this issue, and what is the solution?

You have filed your income-tax return in form ITR-4. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194S/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94S/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-4 is not the appropriate form.

TDS is deducted under section 194I(a) for rent of plant & machinery. I have shown this income under the head INCOME FROM OTHER SOURCES. I am also showing rent from leasing good carriages under section 44AE and hence ITR-4 was being filed.

If the sundry creditors (old carried forward from previous years in AUDIT REPORT) are added back to income during the survey and offered to income under PGBP and IFOS for AY 2018-19 (the year of the survey). What will be the section of inclusion will it be under 41(1) or 68/69 of income tax.

The firms property was transferred in the name of partners on dissolution of partnership deed. And no stamp duty was paid .Now we are being demanded to pay the same. When we contested that
it is exempted the Authorities are not listening.

Sir,
Assessess owns a jewellery business shop maintained shop purchase value rs 25 lacs year 2015 .but government assessess shop occupied after demolished for the purpose of road extension purpose f.y.23-24
Question:
Assessess capital gain tax applicable and how to calculate procedure

Respected Everyone,

My mother had a residential house, and she passed away in 2014. The house got transferred to 3 people (my father, me and my brother). I dont pay any electricity bills here. I purchased an apartment in 2022, and I bought it with my father, me and my wife. Here the electricity bill is on my name and I pay the bills. Now I want to sell shares and buy another small apartment. Can I claim LTCG using section 54F?