My query is , what will be implication of Income tax Payable by employee working in SEZ units ?, any exemption , under which Section of the Income tax act . ( I think section 10AA of the Income tax Act ) please guide .

Mr X purchased a residential house property at Rs 100000 in 1980. Mr X has two sons A and B. Mr X died in 2012 and on his demise, his Son B gifted his 50℅ share to his brother A in 2013. In 2013 the total value of the property as per gift deed was Rs 2400000. So A actually got Rs 1200000 worth of gift mentioned in gift deed. A sold the house at Rs 5000000 to a third party Z in January 2025. What is the capital gain tax Mr A will be paying as per Indian Income Tax Law

Respected sir.

I got a demand notice For FY 2019-20 u/s 144 on 12/03/2025 , i could not submitted all documents due to my medical issue , now can i file appeal u/s 250 if yes then 20 % deposit is mandatory for CIT appeal.

Pls guide.

I am receiving a loan of thirty lakh rupees, all in white through bank transaction, from family resources for buying a property. What documents shall be needed for income tax authorities in case a query is raised in future.

Sir i purchase capital good on the month of march 2023. but received itc on 3b in april 2023.
NOw in gstr 9 in table no 6 whether i have to segregate the ITC as capital good or not as i have received in april 2023.
or i will show in table 8 (c) column and not to be shown in table 6 in gstr 9.

Please advice.

There was a HUF of Husband, Wife Son and two daughter. Now after the death of Husband(Karta), can HUF surview with Son(New Karta), mother and 2 daughters?

While filling capital gain details in ITR 2 excel updated return I unable to add second sale of house property. Shall I consolidate sale of two houses and also consolidate cost of improvement for two houses. Pl advise us

We have take office car on rent on monthly basis then in which head of expenses we have to booked?

I have a money-back Insurance policy with AGEAS FEDERAL (formally known as IDBI FEDERAL).
I have paid premiums for 10 years, and now, from this year onwards, I will be getting around Rs. 2,85,000 per annum back for the next 5 years. This year I got Rs. 284705.18 credited in my bank account.

What is the taxability of this receipt?

Kindly advise

sir, i have filed a belated return(itr2) of client for ay 2024-25 on 14 dec2024 claiming there in income of 2 minor children (bank fd interest income)(return filed in mother's pan) and also claimed tds deducted under pan number of respective minor child as per form 16a of rs 17685 correctly. while processing this return they have issued refund of only one child's tds rs 8825 hence subsequently rectification request filed which was processed now with laibility of rs 8860 (17685 minus 8825 ) thus disallowing entire tds amt of rs 17685. reason given is Form 26AS does not contain amount
of TDS/TCS with respect to the
TAN mentioned in schedule TDS 1/. as such pl guide me how to rectify the case. thanks.