A bungalow owner is giving his property to developer for redevelopment. Developer will be developing the property and in exchange he will give two flats to the bungalow owner out of six which he will construct. The remaining four flats will be the property of developer. Developer will also give monetary benefit of Rs. Tweny Lakhs to the bungalow owner. A bungalow is the old residential property and the base cost will be of 01.04.2001 after having a valuation report by the valuer.
What will be the capital gain in this case? Also guide for the relevant section and orders or decisions with similar to this incident.

Many thanks

is Gratuity provision made yearly basis and Gratuity allowable on Paid basis under section 43B before filing of ITR of income Tax.

Sir/Madam

One of my friends forgot to make the Darken Circle of MCQ Booklet No. in the CA-final Examination of IDT exam. So, would there be any problems in verifying the Answer Sheet?


Darken the circle around each MCQ answer done on the Answer sheet.

WHAT EXPENSES ARE ALLOWED FOR EXEMPTION IN STCG AND LTCG ON EQUITY SHARES LIKE STT, BROKERAGE, INTERNET CHARGES, TRANSACTION & SEBI TURNOVER CHARGES, STAMP DUTY, SERVICE TAX ON BROKERAGE, ETC.?

Sir,

One of my friends resident in UAE. he sale of MF during the year in india and earn profit.

This income is taxable in india?? And what tax rate??
He has Tax Identity Number. DTTA ??

If DTTA are there than what to do?? I need to file other form before filling his Tax return?

Hi
I am writing to seek clarification regarding the filing of the annual return for a Section 8 company. This is the first financial year following the incorporation of the company. Kindly note that there have been no donations received during the year, and the paid-up capital is ₹2,00,000.
In this context, I would like to confirm whether the company is required to file Form MGT-7 or MGT-7A for the annual return.
Your guidance on this matter would be greatly appreciated.
Thank you for your time and support.

Hi, I’m part of a private offshore capital desk. We’re looking to fund short-term PO execution for real MSMEs with confirmed buyer orders. This is not a loan, it is a profit-based funding model. We need someone to help us source, filter, and verify MSMEs with real POs, GST/Udyam, and a capital gap of ₹5–₹25L. If you have clients in this situation, I’d like to work with you on a deal-by-deal basis.

Respected Colleagues,
If we reverse ITC in others in GSTR 3B Part 4(B)(2) then reversed ITC reflected in Electronic Credit Reversal and Re-claimed Statement Ledger, but in actual its a permanent reversal of ITC, by mistake we plot the amount in Others column, Now how we remove that ITC from Electronic Credit Reversal and Re-claimed Statement Ledger and treated permanent reversal.............Please give your valuable advice

DEAR SIR,

ONE OF MY CLIENT RENTING HIS 12WHEELS HEAVY VEHICLE FOR SO MANY COMPANIES. HIS PREVIOUS YEAR RENTAL INCOME RS. 407006/-(154551/87900/164555) FROM ALL COMPANIES. NO ONE HAS BEEN DEDUCTED TDS.
AND ALSO HIS UPI TRANSACTION NEARLY ABOVE 40LAKHS PER ANNUM. RECEIVED FROM RENTING VEHICLES.

IN THIS CASE CAN WE DECLARE BUSINESS INCOME U/S 44AD

YOUR GUIDENCE MUCH NEEDED

THANK YOU

Donations 1,000,000.00
Less: set apart 15% (150,000.00)
Remaning to be applied 850,000.00
Applied (300,000.00)
Not Applied 550,000.00
Now, this 5.5 lac is taxable at slab rate or at MMR ? Kindly suggest with supporting laws