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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Computation of capital gains - old section 114 and new section 80T

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Full Text of the Document

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....he capital gains for the assessment year 1968-69 had wrongly applied for the concessional rates applicable to the assessment year 1967-68 without taking note of the change brought about by Finance Act, 1968 with effect from 1st April, 1968 in the scheme of levy of capital gains itself. 2. Section 114 of the Income-tax Act, 1961 relating to capital gains ceased to be operative with effect from 1st....

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