Captial gain on family settlement

This query is : Resolved

VIJAY SHARMA (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

10 June 2014 write a letter to CBDT requesting to refund the amount, stating the full facts of the case

VIJAY SHARMA

VIJAY SHARMA (Querist)
Follow

10 June 2014 Thanks Mr. Amol, Sir, please also confirm that our claim against family settlement is correct?

Regards,

Vijay Sharma

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jitin Aditya Kapur

Avisha Sinha

Nilesh Manek

AGNIHOTRAM RAM NARAYANA

Soumitra Patra

Subscribe Now

Captial gain on family settlement

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA