An assessessee who purchased a property for Rs.1crore whereas as per stamp value is Rs.1.50 crores. The assessee deducted TDS u/s 194IA on 150000 stamp value and paid the 9850000 to the seller by way of cheque. As per income tax act 50C Will attract to the seller. Suppose, if seller paid the capital gain tax on the basis of sale consideration as stamp value even then 56(2)(x) attracts to purchaser.

I originally filed return within due date but department has not allowed to carry forward the loss of short term capital gain.
So i revised the return but in revised return again department has not allowed the same and raised the demand for revised return of rs. 1,000.
what to do in that case..??

WHERE FORIEGN REMITTANCE NEED TO BE SHOWN IN ITR? AND FINANCIAL STATEMENTS?

i have received notice under section 270a for demand notice of penalty in regard to addition which made in appeal order. and we have refund which is on hold. my query regarding whether penalty can be levied or not???

SHARE OF PROFIT IN A PARTNERSHIP FIRM IS WRONGLY TAKEN IN COMPUTATION OF TAXABLE INCOME IN A BELATED RETURN U/S139(4) .CAN IT BE RECTIFIED US 154?

What to do in case on the ITR portal view itr status showing nil demand but in outstanding demand there is showing demand on capital gain.

As per extention of due date, filing form of declaration and tax payment both date extended to 31 January,2024?

Assessing officer has finalized the assessment for the A.Y.2016-17 and imposed a demand of Rs.17,63,712/- (including interest).
Mr.A has filed the appeal against the order and paid the Tax amount of Rs. 6,34,480/- as on dated 10th april 2024. Whether Mr.A is eligible for the DTVSV – 24 Scheme of Income Tax to waive interest ?

ASSESSING OFFICER HAS FINALIZED THE ASSESSMENT FOR THE AY 2016-17 AND IMPOSED A DEMAND OF RS 1763712/- (INCLUDING INTEREST).
MR A HAS FILED THE APPEAL AGAINST THE ORDER AND PAID THE TAX AMOUNT OF RS 634480/- AS ON DATED 10TH APRIL 2024. WHETHER MR A IS ELIGIBLE FOR DTVSV -24 SCHEME OF INCOME TAX TO WAIVE INTEREST?

Assessing officer has finalized the assessment for the A.Y.2016-17 and imposed a demand of Rs.17,63,712/- (including interest).
Mr.A has filed the appeal against the order and paid the Tax amount of Rs. 6,34,480/- as on dated 10th april 2024. Whether Mr.A is eligible for the DTVSV – 24 Scheme of Income Tax to waive interest ?