I transferred a society flat,acquired in 2009 in Gurugram Haryana for Rs 55 Lakh to my NRI son in 2015 under blood relation transfer scheme where in no stamp duty is chargeed on transfer of property among blood relations.I have following querries-
1 What will be buying price at the hands of my son?
2 Since my son is abroad and in corona times travelling is not safe,if I have power of attorney from him to sell the house,my understanding is one can not transfer ownership on POA sale in which case I will not get a buyer.Any solution to this problem.
3 As and when the flat is sold,is he entitled to invest under sec54 (infra bond) to save tax?
4 In the alternative,can he buy a flat from her mother to save CG tax
Thanks
S C Goswami

sir
If a transport co. wants to do an additional business of trading of goods, can it do its business under the same gst number?
If yes, can it avail the ITC of its early purchase of tyres and spares and utilize it against the sale of goods ?
let me know plz
thanks in adv

assess sec 44 ada I.t. return filed every year.but three years I.t returns true copy certified by CA for bank loan purposes
Question:
UDIN no.manadatory or not manadatory

Dear Sir

I had purchased a property in 1976. I sold this property in 2020. How do i calculate capital gain as CII is applicable from 2001. Do I need to hire approved valuer to calculate cost of property in 2001 ? Pl advise. Thanks

Dear Sir/Mam
I have a quarry regarding income tax please suggest me:
A person live in 8 months rest of 4 months out of India ( Malaysia) he got income consultancy fee in India 8 months and 4 months form Malaysia.
He was file income tax in Malaysia ( Income got in Malaysia) and want to file Income tax in India so i want to know how can he got benefit already file tax out of India.

Dear Sir

I incurred long term capital gain by sale of property last week. I have deposited this amount in my existing saving account. Does any interest earned on this amount of capital gain will be treated as part of the capital gain or it will be treated as part of income from other sources for ITR filing purpose. Thanks

whether concessional rate of tax on works contract services to govt applicable to sub-sub contractor

Tax treatment of bond amount paid by employer to employee My client paid bond amount to employer Rs 300000 now he want to claim such Rs 300000 as deduction from salary can he do so if yes please send me judgement and also mention legal case of the same so I can understand properly

Assess maintained a private hospital.fees collected details mentioned below.
1. Room rent rs:3000 per day
2.food and meals rs:1000 per day
3. Consultations doctor fees rs:2000 per day
Total rs:6000 per day * 3 days Rs18,000/- billing collected.
Question:
Assess tds deducted sec 194 j applicable and tds rate of tax applicable on hospital billing or doctor consultation fees only.

One of our clients is 100% subsidiary of a foreign company and provide services (export) only to the foreign parent company.
For this there is a contract where they raise an invoice on monthly basis to the parent company which has a markup of 15%.

Due to unforeseen business reasons our client will not be providing any services for till end of the year and hence no invoice will be raised.

From Transfer pricing Income tax point of view, will there be any challenges? Will Income Tax department, based on the contract consider any deemed income?

Thanks you in advance.