I need to provide draft format to my Seller for NOC from seller towards correction in 26QB.

Cost of the house including registration in 2001-02 Rs 2,18,000
Expansion and additions to the house in 2003-04 Rs 5,00,000
now to be sold at 62,00,000 December 2022
what will be capital gain tax exemption after indexation ?
what document will be required for tax exemption ?
Thanks

I and my brother have sold land the sale deed of which is executed in our names, the land has been given to my in the family settlement earlier, the buyers in paying us both in equal share, how can I take the money from my brother and what are the tax implications for both of us. Please advise

ONE OF MY CLIENT HAS CLAIMED EXCESS ITC IN COMPARISION TO 2B DURING FY 2020-2021 I WANT TO KNOW FROM WHICH MONTH INTEREST ON SUCH EXCESS CLAIM MAY BE CALCULATED

goods purchased from sez through road, port code not available ,
ITC NOT SHOWN YET IN 2A
HOW MANY DAYS REQUIRED TO SHOW IN 2A ?
IS THERE ANY PROCESS FOR APPLICATION FOR SHOWING ITC IN 2A ?

If a buyer purchases a property via bank auction which is greater than 50lakhs , he is liable to deduct 1%TDS on the full payment to the bank.

On whose PAN number should the TDS be filed against, Is it the PAN # selling bank or PAN# of the original owner of property.. and why so?

Hi

I have a service tax registration under ACES.
I am unable to login through aces login as I need to pay service tax of earlier years.

How can i pay online the same as it is towards penalty only.

Received intimation U/S 245 of the IT Act from CPC through mail indicating that the refund due for the AY 2022-23 is proposed to be adjusted against the demand due for the AY 2017-18 and 2018-19. The demand in both the cases relates to penalty levied U/S 270A for which the appeal has been filed.
Since, the demand is a disputed amount, the proposal to adjust the refund due for the AY 2022-23 is not agreed. The same has to be communicated to CPC through online but unable to do the same. To file an reply if we click on 'Response to Outstanding Demand' under Pending Action menu then submit response is not available. Intimation U/S 245 of the IT Act for the AY 2022-23 (DIN: CPC/2223/G8a/313793076) is not available in the IT Portal. How to submit the reply to CPC.

Thanks in advance.

As part of our sales promotion scheme, we have gifted a TV to our customer valued to Rs.50,000.00 as part of lukky draw. Is that in the ambit of 194 R.
If the same has shown as discount allowed, in that case what is the applicablity of 194 R

HI there,
If a person holds two separate residential units at one place converts into one unit (e.g.200 & 201) and at another place one more unit (e.g. 50) and subsequently sold the unit no.50 and invested the amount to purchase one residential plot from the proceeds, please confirm the amount of capital gain u/s.54 will be exempt or not.

Following conditions should be satisfied to claim the benefit of section 54.

The benefit of section 54 is available only to an individual or HUF.

The asset transferred should be a long-term capital asset, being a residential house
property.
Within a period of one year before or two years after the date of transfer of old
house, the taxpayer should acquire another residential house or should construct a
residential house within a period of three years from the date of transfer of the old
house.

Tax payer should not own more than on residential house on the date of transfer.