If shares of a Pvt Ltd company are gifted by husband to wife as per the valuation done as per rule 11UA, what is the stamp duty applicable?
1) If return is filed and intimation is received and demand for capital gain(u/s 111A) is paid then whether need to rectified return or revise the return.? for that is json utility available on the portal?
2) If the demand is not paid for capital gain(u/s 111A) then what do in that case also whether need to rectified return or revise the return.? for that is json utility available on the portal?
In the joint mutual fund investment case, is the mutual fund investment reported on AS26 and AIS of only the first/primary MF investor or both investors?
Sir,
It assessess senior citizen taxable income rs:5 lacs below yearly f.y.24-25 assessess cash gift to grandson rs:1 crore amount through on bank channel mode paid f.y.24-25 and assessee capital account balance rs:50 lacs show in balance sheet
Question:
Assessess gift amount excess of capital balance sec 68 provision applicable for it act
For calculating the peak balance, should i consider the per day balance at the end of the day or after each transaction? Also, the statements reflects the posted balance for each day, should i include only the posted balance or the pending balance.
For example lets say, I deposit 100 dollars and take out 50 dollars - > the balance at the end of the day would be 50 but the maximum balance on that day would be 100. Which should be considered?
If Builder pays stamp duty on flat can same be considered as a expense in Income tax return
If a parent gifts 60 lac via cheque to his adult son and the son deposits the cheque in his savings bank account, does the deposit trigger an ITR filing obligation for the recipient under *Section 139 (1) and rules 12 AB of the Income Tax Act, 1961.? The son has no taxable income.
Hiiii!!!!
i had bought gold mutual fund in year 2021, and sell in the year 2024-2025. what is my period of holding? what is ,y tax rate?
please provide clarity on taxation of Gold mutual fund and Gold ETF purchase before 1/4/2023 , between 1/4/2023 to 31/3/2025, purchased after 1/4/2025- Period of holding, capital gain, tax rate ?? indexation benefit or not??
Is TDS is deductible if payment reverse by individual to NRI by filing 15CA?
Code :- s1502
TDS is required to be deducted on foreign remittance for purpose code s1502 and recipient is in Czech republic country?
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Shares of domestic pvt ltd company