Pl help, it raid
This query is : Resolved
CA Ankith Jain
(Querist)
19 December 2015
Dear all, please help.. One of my relative has purchased a commercial building purchased at 1.5 crores and later after few months the registration was made in their sons name at 22.4 lakhs. The seller of this property had an IT raid and now the buyer i.e my relative is stucked up as he had paid the difference in cash, and the officer called them to his office this monday. Can anybody help me now how do I deal with this situation.
Amol S Joglekar
(Expert)
20 December 2015
which part of India, your relative is?
CA Ankith Jain
(Querist)
21 December 2015
From north karnataka..
Amol S Joglekar
(Expert)
24 December 2015
Explain the situation as has happened to the concerned ITO. Cash element has no place in your argument, please note that
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
