Anonymous
14 December 2025 at 22:59
We sold industrial land and building . To get exemption on LTCG should we buy industrial land only or any residential property is sufficient. If residential property is ok will it be in the name of partners only. Can we take three years time after the sale
Ramesh Baliram Lute
01 December 2025 at 15:01
My friend having Salary Income being Adivasi (Buyer) has gone through Registered Agreement for Purchasing Agriculture Land (Part) from Adivasi 4 joint Holder (Seller) for Agriculture Purpose only.
The Registered Agreement Sale Value is made for Rs. 29 Lakh. But as per Ready Reckoner Value of this Land is workout to be Rs. 70 Lakh, and it is Mandatory as per Govt of Maharashtra Adivasi Rule to Pay Full amount of Rs.70 lakhs to Sellers Bank a/cs, only then Sale Deed will be Executed. The mandatary NOC from Distt. Collector for Purchasing Agriculture land from Adivasi to Adivasi (Both Seller and Buyer Adivasi) has been obtained.
Buyer has arranged Rs. 29 Lakh as own Contribution (Including Personal Loan etc,) and Additional amount of Rs. 41 lakhs will be arranged from Friends and Relatives, by way of Cheques.
My query is what is the Legal way, the Buyer will get Refund of Excess amount of Rs. 41 lakhs from Sellers by way of Cheques/ Cash in his favor or Friends and Relatives so that their Contribution can be refunded.
What are Tax Implications on Buyers Side in 26AS SFT information, is there any Capital Gain/Exemption of Agriculture Income, and how to show these Financial Transaction in his Income Tax Return FY-2025-26. Also is there any Income tax implication on Friends/Relatives to issue cheques in Buyers Name and get Refund (Received Cheques) from Sellers. What is the Tax implication of Excess Amount of Sale Deed Value on the part of Sellers side, who are Poor Adivasi Farmers having Pan Card.
tn reddy
02 September 2025 at 19:42
Dear Sir, I am a high court practicing advocate and My son is persuing CA( Finals), and LLB completed, but yet to attempt All India Bar Council Exams, whether Can I send him to high court to seek adjourment on my behalf, is it allowed.
tn reddy
23 August 2025 at 18:00
Sir, I have made one affidavit for condonation of delay for filing of belated filing of appeals.
This was made in the month of October 2024, but it is not made on either on non judicial stamp paper nor done franking, however, without chaning any contents and dates there in, can I get it franking today or on non judicial stamper with today's date.
Anonymous
10 August 2025 at 11:28
We sold our property amid huge debt. Most of the amount was paid towards loan . Even to pay capital gain tax shortage is there. Is there any exemption from tax when most of the money is repaid to loan. Please clarify. Thanks in advance
Anonymous
12 July 2025 at 15:05
What are documents required for rebate of kmc tax for mutation..???
santosh
01 July 2025 at 16:03
If a Composite Registered Saw Mill purchase Timber from Unregistered Person or URD Dealer. Is RCM tax @18% will have to pay Saw mill dealer?
T.N.REDDY
04 June 2025 at 11:14
Sir, Any tribunal order, be it Service tax, exicse or customes, /where and how do know as to whether till today that order holds good, I mean, not overuled by higher courts/Higher Courts decisions
venkat b.
27 April 2025 at 02:27
sir,
i purchased a property in 2000 and selling it off in 2025. can i claim indexation or not?
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