Clarification and Guidance Regarding ASMT-14 Notice and GST Registration...
Dear Sir/Madam,I have received a notice under ASMT-14 regarding obtaining GST registration. I would like to clarify my situation and seek your guidance:I am engaged in selling vegetables in the local...
View ArticleTDS RPU Version 5.7
Sir,Latest Conso file generated today but on clicking "create file" button, it is showing error code "T-FV-1040 Consolidated File is mandatory for validating a Correction File". This is TDS return...
View ArticleWhen GST Audit required
Sirsupplies in fy 2024-25 was Rs 4.32 cr(without gst) should we need to get audited account by ca for gst audit?AND under income tax need to get audited in above case?????please advise
View ArticleHOW TO DOWNLOAD 26AS FOR A.Y. 2007-08.
Pls guide how to download 26AS for A.Y. 2007-08. From Income tax portal we are able to download 26AS from A.Y. 2009-10 onwards. But for A.Y. 2007-08 it is not available in Income Tax portal. Can...
View ArticleINVESTMENT U/S 54
Dear All,I have purchase home on 20-02-2001 for Rs. 2,51,000/- I have sold the same on 25-03-2025 for Rs. 23,00,000/-I have again purchase new home on 25-06-2025 for Rs. 15,00,000/-Index cost of old...
View ArticleGST on Rent of Machine
Assessee will purchase machine in India and will give the same on rent to client in Dubai.He will charge rent to Dubai Client and will receive money in foreign exchangeMy question is whether GST is...
View ArticleGSTIN suspended
Respected Experts plz guideA business quarterly filer missed to file GST returns since 2023-25 Q4 onwards and his GST no suspended in Aug 24. Now when we checking it on GST login portal only. It's...
View ArticleGinning machinery
My question is ..Can old ginning machinery sell as scrap and if we sell ginning machinery as scrap then what goods name and hsn should we mention in our tax invoice ?
View ArticleITR form for filing IT return
One of my friend has started consultancy services. He is receiving professional charges from corporates after deduction of TDS. He is also having house property loss. Please inform me the required ITR...
View ArticleShare in property
Sir,Someone please suggest My wife had a share in her mother's propertyWhich was got registered by her brothers in their name. Now they agree to give her share.Should we make gift deed or sharing...
View ArticleLong term capital gain exemption on sale of mutual funds
Dear Sir,One of my client has sold his mutual funds in fy 2024-25 and invested that amount in purchase of property in May 2025. He has received OC of that property in July 2025.The sale agreement was...
View ArticleRebate u/s 87A under old regime - LTCG u/s 112A
Hi,An assessee has income from other sources - Rs. 6.2 lacs and LTCG from sale of equity oriented MF units - 1.60 lacs. The assessee can claim 80C, 80D & 80TTA deduction tottaling to Rs. 1.65 lacs...
View ArticleProperty LTCG issue
Dear All,My father owned a house and assigned my mother as the legal heir in registered will. This house was bought 20 years back. He passed away post which my mother got the house transferred in her...
View ArticleRCM invoice related
One of our clients is a security services and house keeping service provider in maharashtra.security services come under RCM and house keeping service comes under normal service, so can we issue...
View ArticleExplaination about the Credits from Relatives
Dear Sir,While submitting an ITR if an Assessee is in receipt of Funds from siblings getting reflected in Bank Statements then where to mention such credits while submitting an Income Tax Return an...
View ArticleForm 67 FTC
Dear Colleagues Based on ITR of USA which has details of income and taxes paid for a calendar year while in we have Apr - March . In order to match the same how to delete Jan- March of 24 and add...
View ArticleEX GRATIA IN LIEW OF SALARY
Dear AllOne of my client received ex gratia payment from govt school on regular monthly basis and the amount was 12 Lakh. Employer deducted TDS u/s 194C on INR 3 Lakh i.e.90000.what form of ITR and...
View ArticleSection 54 f disallowed will be taxed at what rate
I had claimed 54 f last fy 23-24 of rs 74.58 lacs. shares sold on 10/08/2023 / flat purchased on 25/08/2023 .I purchased another flat in FY 24-25 on 18/11/2024.Since I have purchased another flat on...
View ArticleIndia and USA income tax implications
My parents have expired leaving behind a registered will in the name of three children and out of three children. Two are US citizens. I am Indian citizen and I want to pay them their 33% share each...
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