We have two houses in joint names and both are 19 and 12 years old. one is sold off and capital gains is accrued.
Is it possible to avoid capital gains tax if another house is bought within the stipulated time with the capital gains from the sale of one house?

The new house will also be bought in the same joint names.

Thanks in anticipation of a response.


Sukrit Saha

Any Person Deceased & also Closed The bank account & What to do if the refund is to be transferred to her son's wife's bank account

I am trying to fill 10A form for small chapel ... they are having trust deed.
But while attaching documents they asked 3 things compulsory viz
1. Self certified copy of the instrument creating the trust
2. Self certified copy of the document evidencing the creation of trust
3. Self certified copy of registration with ROC or firms.
They have only trust deed.
What is the difference between point 1 & 2 ?
Which document to be attached at point no.3 as they dont have registration with registrar.

HI

Please clarify Insurance premium [Life Insurance] paid by Company [Partnership Firm ] for Partners is eligible to take expenses u/s 37(1)

what is procedure to calculate interest on capital of partners.

interest on partners capital should be given on Fixed capital or Fixed and variable capital also. Please reply

Sir,
It assessee some shares transaction in f.y.2014-15. investment amount through on different cash loan un secured loans received from different persons.
Question:
Different cash loan amounts from different persons sec 68 provision applicable in it act.

My wife is a salaried person and she got Intimation u/s 143(1) for ITR2 of A.Y. 2021-22 . It shows Opted for 115BAC : As provided by Taxpayer (yes) , As Computed u/s 143(1) (No) .

ITR2 is still showing under process in income tax portal. What should i do ?

Sir,

I have filed my income tax return on 31-12-2021 by opting Tax payable under new Regime. But I forgot to file form 10IE till now. Now I have received a demand order to pay the balance amount of tax. Whether I have any option to file form 10IE right now. Is there have any solution for the said case?

Assessee received property from government under Dhanapatra ( for under previledged people ) and zero cost . How to record the property value in books of assessee and how to calculate capital gains in case of sale of such property