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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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Institutional Stock Broking Losses Deemed Business Losses Under Income Tax Act Sections 73 and 28.

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Full Text of the Document

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....Business loss – Loss specifically covered u/s 73 of the Act – business activity of institutional stock broking in shares - losses are in the course of business and should be allowed as such u/s 28 - AT....

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