Captial gain on family settlement
This query is : Resolved
10 June 2014
Namaskar,
Sir, we have need you expert advise on a matter of excess payment of Income Tax.
Sir, under a “Family settlement” we have transfer share from one family member to another family member and on this transaction we have calculate capital gain and paid tax during financial year 2008-2009 and we have assessed under section 143(3) before March 2012.
Sir, now we have came to know that this capital gain under family settlement transfers is not taxable. Hence we seek your esteemed advise in order to get back tax deposited.
Kindly help us.
Thanks & Regards
Vijay Sharma
Phone # 9871653355, 0124-4125795
Namaskar,
Sir, we have need you expert advise on a matter of excess payment of Income Tax.
Sir, under a “Family settlement” we have transfer share from one family member to another family member and on this transaction we have calculate capital gain and paid tax during financial year 2008-2009 and we have assessed under section 143(3) before March 2012.
Sir, now we have came to know that this capital gain under family settlement transfers is not taxable. Hence we seek your esteemed advise in order to get back tax deposited.
Kindly help us.
Thanks & Regards
Vijay Sharma
Phone # 9871653355, 0124-4125795
10 June 2014
write a letter to CBDT requesting to refund the amount, stating the full facts of the case
10 June 2014
Thanks Mr. Amol, Sir, please also confirm that our claim against family settlement is correct?
Regards,
Vijay Sharma
Regards,
Vijay Sharma
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
