Mr X purchased a residential house property at Rs 100000 in 1980. Mr X has two sons A and B. Mr X died in 2012 and on his demise, his Son B gifted his 50℅ share to his brother A in 2013. In 2013 the total value of the property as per gift deed was Rs 2400000. So A actually got Rs 1200000 worth of gift mentioned in gift deed. A sold the house at Rs 5000000 to a third party Z in January 2025. What is the capital gain tax Mr A will be paying as per Indian Income Tax Law
Respected sir.
I got a demand notice For FY 2019-20 u/s 144 on 12/03/2025 , i could not submitted all documents due to my medical issue , now can i file appeal u/s 250 if yes then 20 % deposit is mandatory for CIT appeal.
Pls guide.
I am receiving a loan of thirty lakh rupees, all in white through bank transaction, from family resources for buying a property. What documents shall be needed for income tax authorities in case a query is raised in future.
We have taken commercial gala on rent, The both parties are registered under GST. We are making Rs.14160/-Rent payment per month including gst18% to landlord but he is not issuing commercial rent invoice to us. can we make GST payment under RCM on rent.
Does any GST liability in are part ?
Sir i purchase capital good on the month of march 2023. but received itc on 3b in april 2023.
NOw in gstr 9 in table no 6 whether i have to segregate the ITC as capital good or not as i have received in april 2023.
or i will show in table 8 (c) column and not to be shown in table 6 in gstr 9.
Please advice.
There was a HUF of Husband, Wife Son and two daughter. Now after the death of Husband(Karta), can HUF surview with Son(New Karta), mother and 2 daughters?
While filling capital gain details in ITR 2 excel updated return I unable to add second sale of house property. Shall I consolidate sale of two houses and also consolidate cost of improvement for two houses. Pl advise us
We have take office car on rent on monthly basis then in which head of expenses we have to booked?
Dear sir
Last week i make e invoice in tally prime and also make ewaybill value 100000+ , but i have try to typical error einvoice cancellation, by mistake cansel for ewaybill for that time, i have identify this mistake for later, how to solve this problem , please do the need help
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Capital gain on sale of gifted house property