I have entered into agreement for purchase of flat on24.02.2020 and amounts are paid through bank loan.Flat is not registered in my name.
Occupancy / possession taken on 08.06.2022 .
I have sold the flat on Sept 2023.The sale deed shows my name under "Consenting witness"and not as VENDOR.
Buyer has deducted TDS in my name even though flat has not been registered in my name
I have capital gains of Rs.20 L on this transaction
I have entered into other agreement for purchase of flat on Oct 2023 and paid entire cost of flat.
Can it be treated as long term capital gain and can I claim exemption under section 54 / 54F

If one person purchased Flat taking home loan. but his parents living in his flat. he is living in rented flat.

so in this, he did not get any rental income.

can he eligible to avail HRA exemption and housing loan interest

we prepare commercial invoice for filing shipping bill and material dispatched after that, also prepare e invoice on the date of shipping bill ? in such a scenario how to link way bill details with e invoicing details

Hi All, wanted to know provisions applicable (Income tax as well GST) if a person work in a company as consultant rather than employees. Some of the key points :

a) Whether its clubbed under B&P head. What expenes can be claimed and rate applicable on net income (whether slab rate or flat rate)
b) TDS related fule
c) Presumptive tax rate if income is less than limite (i.e. Rs 75 Lacs). Whether slab rate or flat rate
d) GST related rules

I have applied for company registration but PF establishment number i.e PF registration also generated with the company registration. Is PF registration mandatory for every Private limited company? PF registration are automatically granted with company registration?

Can a Private Company pay Ex Gratia amounting to Rs.25 Lakhs to its director? The director is drawing salary from this company on monthly basis. What are the Income tax and Company Law implications in this case?

Hi,

I want to create a HUF. I understand that the name of HUF is usually Karta name + HUF. Is it possible to give a different name other than karta name for HUF ? For eg. let us say karta is Ravi Kumar and typically HUF name will be 'Ravi Kumar HUF'. Instead of 'Ravi Kumar HUF' I want to assign the name of HUF as 'Cool Family HUF'. Is it allowed ? The reason is to protect the identity of the karta.

Thanks
Suresh

Dear Sir,

I had one Flat(i.e. at virar) on Joint name 1st my name and 2nd father name, now i want to transfer this flat on my brother name with out any consideration.
Please guide quires as follows:
1) Any Tax need to pay on the same of property ( even i have not taken any money)
2) whether any stamp duty need to pay on this type of property Transfer to blood relation person.
3) which type of agreement need to made for the same type property transfer.

Thanks

Hi,
My status in SSP portal is CONFIN23.
1. Am I eligible directly for new course? Or do I need to convert?
2. Do cds ship study material internationally? (Say California)

hello, i m Firoz from Bhopal. The Income Tax AO is treating the Grant in Aid as Income and the deduction of Producer Company u/s. 80PA is also not allowed by the Ld AO. Can you guys please help me with this by providing relevant citations / decisions given by IT tribunal/Courts of India.