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Dear Client,

If the ancestral land sold is classified as rural agricultural land under the Income-tax Act, no capital gains tax is generally payable. However, if the land is taxable, the capital gain is calculated separately for each of the 4 co-owners based on their share in the property.

Each person's capital gain is their share of the sale consideration minus their share of the acquisition cost and eligible expenses. The tax liability, if any, is then determined individually for each co-o

Dear Client,

If you have credible evidence that a person has received Rs. 20 lakh in unaccounted money, you may file a complaint with the Income Tax Department or the appropriate investigating authority, along with all available supporting evidence.

Avoid making public allegations or sharing personal details without proof, as this may have legal consequences.

It is advisable to seek legal advice before initiating any action.

Dear Sir,

Indian banks and payment gateways often block payments to foreign gambling or lottery websites because remittance for lottery purchases is generally not permitted under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India. Therefore, even if some websites accept payment through international debit or credit cards, the transaction may still fall into a legally questionable area under FEMA regulations.

Dear Sir,

Yes, you can still receive your EWS (Economically Weaker Section) certificate even though a new financial year has begun, provided your application was properly submitted and verified. In most States, including West Bengal, the certificate is issued based on your eligibility at the time of application, and delays on the part of the authorities do not invalidate your claim. However, since EWS certificates are generally issued for a specific financial year, the authority may e

Dear client,

In the your case for AY 2022–23, the addition made by the Assessing Officer under the Income Tax Act 1961 by invoking Section 115BB and taxing the gross winnings from online card games without allowing set-off of losses is legally challengeable before the Income Tax Appellate Tribunal on multiple grounds, namely that the specific regime for online gaming taxation was introduced only subsequently (Section 115BBJ), and therefore for the relevant year such income ought to have been

Dear Client,
Your query lacks information. However, be informed that Section 131(1A) of the Income Tax Act empowers the tax authorities to issue a notice and conduct detailed investigations of the assessee's books of accounts, property, and ask for information if they believe he/she is trying to conceal income. The Income Tax authorities may invoke Section 131(1A) in the following scenarios 1) When there are discrepancies in financial statements or income tax returns, 2) If there are unexplaine

Dear Sir,

US Tax Withholding (Before You Get Anything)

If you win a US lottery as a non-resident (i.e., you live in India and are not a US tax resident):

The US Internal Revenue Service (IRS) typically withholds 30% of your winnings at source as federal tax before paying anything out.

Some online lottery platforms or agents must send this 30% directly to the IRS.

There may also be state tax depending on where the ticket was purchased (some states add 0-10% extra).

For example: on a $2.8 M

Dear Sir,

Since you sold the property in May 2024, you can claim exemption of Long-Term Capital Gain (LTCG) by:

Purchasing a residential house
within 2 years (i.e., up to May 2026), or

Constructing a residential house
within 3 years (i.e., up to May 2027)

This is under Section 54 (or Section 54F, if applicable).

So your belief that you can invest till May 2026 is correct.

Dear Client,
Section 131(1A) of the Income Tax Act empowers the tax authorities to issue a notice and conduct detailed investigations of the assessee's books of accounts, property, and ask for information if they believe he/she is trying to conceal income. The Income Tax authorities may invoke Section 131(1A) in the following scenarios 1) When there are discrepancies in financial statements or income tax returns, 2) If there are unexplained transactions or cash deposits that raise suspicion, 3)

Dear Client,
The last date to file Income Tax Returns (ITR) for FY 2024–25 (AY 2025–26) was 15 September, 2025. So, on the expiry of dead line, you cannot file your IT return(ITR) under the Old Tax Regime. However, you can file a belated return under the new tax regime until the final deadline of December 31, 2025 under Section 139(4) of the Income Tax Act, with applicable penalties under Section 234F of the Act. Your return will be processed under the new tax regime and you cannot claim th