Could anybody senior help me by providing draft grounds of appeal against Demand Order of Service Tax which was never communicated to the assessee and sent directly to the bank of assessee.
Service tax returns were duly filed and Service tax was duly paid as per IT TDS. It related to the financial year 2016-17.
Thanks.
Dear [Tax Consultant / Financial Advisor],
I seek your guidance regarding the correct cost of acquisition and tax implications for my investments in Tata Chemicals Limited (TCL) and Tata Consumer Products Limited (TCPL) in light of the 2020 demerger.
✅ Investment Background:
I purchased 250 shares of Tata Chemicals on November 1, 2011 at ₹374 per share, resulting in a total investment of ₹93,500.
Pursuant to the Scheme of Arrangement between Tata Chemicals and Tata Global Beverages (now Tata Consumer), I was allotted 285 shares of TCPL as of the record date March 31, 2020.
❓ My Questions:
What cost of acquisition per share should I consider for the 285 shares of Tata Consumer received under the demerger?
Tata Chemicals’ communication dated May 16, 2020, specifies a 0.66% cost allocation to TCPL and 99.34% to TCL.
Accordingly, the cost attributable to TCPL is ₹93,500 × 0.66% = ₹617.10, i.e., ₹2.17 per share.
What are the capital gains tax implications for the sale of both shares, which occurred in 2024?
I sold:
250 TCL shares at ₹1,055 each on 22-Jul-2024
285 TCPL shares at ₹1,194.40 each on 19-Jul-2024
Should the grandfathering provisions under Section 112A of the Income Tax Act be applied to Tata Chemicals shares using the fair market value of ₹722 as on 31-Jan-2018?
Experts
well and please updae if any change in independent auditors report in FY 2024-25 for a small private limited company
Dear IT Experts
I need your guidance for IT Savings Investment Plan Under New Regime for the FY 2025-26 for Man/Woman.
Eg: NPS, Makhila FD etc
Thanks in advance.
mohanraj_vkj@yahoo.co.in
Hi,
I am working in Oman since 08 March 2025 thus, currently I am an NRI, as there are no plans to visit India in this financial year.
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Please advise, will this transfer attract any tax or it will be completely tax free for me in India?
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We are an exporter of medical products and are eligible for the duty drawback. We exported the product to our customer against an advance payment. Currently, the customer has returned the product as he is unhappy. We have to surrender the duty drawback. Please advise.
Company A is providing rental services to company B. Agreed rental charges is Rs. 20 Lacs monthly and Company B is registered in GST. So Company A(landlord) is exempt for taking registration in forward charge? Company B will pay GST in reverse charge?
CAN ANYBODY SEND 26Q TDS UTILITY IN NSDL TIN LATEST UTILITY DOWNLOAD LINK ?
All Subjects Combo (Regular Batch) Jan & May 26
Drafting Grounds of Appeal under Service Tax