Rahul Singh
This Query has 2 replies

This Query has 2 replies

22 February 2026 at 10:44

Updated return invalid tax paid status

Sir
My updated return is invalidated by CPC subsequently I filed rectification which is also rejected by CPC I request to AO for rectification but that also is rejected stating CPC decision of updated return invalid and rectification rejection is correct Subsequently I filed application for Condanation of delay which is also rejected by AO and PCIT
1. What will happen to my tax paid and TDS paid during year will tax paid will be considered if scrutiny/reassessment happens
2.Which ITR will be considered for final assessment if scrutiny/reassessment happens


afreen shaikh
This Query has 1 replies

This Query has 1 replies

21 February 2026 at 14:56

MAINTENANCE CHARGES AND LIFT CHARGES

Housing Co-Op Society in mumbai having flats as well as shop on the ground floor. In such case electricty and lift maintenance expeses are to be distributed equally between Flat Owners & Shop Owners? Because they are not using the Lift & in most of the cases they dont stay in the building also they are Shop owner of the Society and not staying in the Society.


Divya Agarwal
This Query has 1 replies

This Query has 1 replies

25 February 2026 at 12:40

Re-entering the work force

Hi, I finished CS in 2014 and worked for a few months in a private ltd. company before getting married. During the last 10 years, I was not able to practice or get employed anywhere in the company secretary role.
However, now I want to get back into the workforce and restart my career as a company secretary.

I wanted to know, how do I start? How do I get updated about every old and new rule? Also, are there any newsletters or emailers where I can get weekly updates?
Any kind of guidance would be appreciated.


ABHAY KUMAR SINGHpro badge
This Query has 1 replies

This Query has 1 replies

We seek your guidance regarding the opening of a bank account for a Russian foreign company that has established a Branch Office in India.

Currently, the Indian Branch Office holds a bank account with a Russian bank. However, the said bank is unable to comply with and fulfill the statutory and regulatory requirements applicable to the operations of the Branch Office in India, including requirements under Indian laws and regulatory authorities.

In view of the above, we request your advice on the following:

Whether the Branch Office of a Russian foreign company is permitted to open and operate a bank account with an Indian bank;

The applicable regulatory framework, approvals, and compliances (such as RBI/FEMA requirements) for opening such an account; and

Any alternative solutions or practical approaches to ensure smooth compliance with statutory obligations in India.

We would appreciate your expert guidance and support in resolving this matter at the earliest.

Thanking you in advance.


GAYATRI RATNAPARKHI
This Query has 1 replies

This Query has 1 replies

20 February 2026 at 12:58

Ptrc interest

how to calculate PTRC interest for payment


R Hiremath
This Query has 6 replies

This Query has 6 replies

20 February 2026 at 10:09

Interest on Late of Payment of Liablity

Respected Sir,
I have a query kindly guide me in this, For Example
Mr. A has missed to show Turnover of 1,00,000 in FY 2022-23. But, While filling Annual Return he found and declared that in Annual return and made Payment Voluntarily through DRC 03 on 22.02.2024 from Credit Ledger. And throughout the Period he has sufficient Credit Ledger Balance.

Here My Question is, Is Interest applicable on Gross liablity or Not ?


Shweta
This Query has 4 replies

This Query has 4 replies

Mr Samir Singh Purchased a vacant plot from Mr Jimmy D’Souza and Mrs Claudia D’Souza in January 2026. The details of vacant plot and transaction are as follows –

1. Mr Jimmy D’Souza and Mrs Claudia D’Souza are the joint and absolute owners by title of the residential vacant Plot, in the project called "Embassy Springs" situated at Devanahalli, Bangalore.
2. Residential Vacant Plot forms portion of larger property developed for residential purposes, forming "Embassy Springs", which was purchased by the vendors via sale deed in financial year 2023, registered at the sub-registrar office.
3. Vendors after having acquired the “Residential Vacant Plot”, got Khatha of the “Residential Vacant Plot” duly mutated in their names in the records of BBMP and the BBMP has also assigned Khatha No.
4. The formal NOCs are currently not being issued because the development is in the handover stage from the "Embassy Springs" (Developer) to the Interim RWA.
Issue :
The "Embassy Springs" (Developer), is asking for exorbitant amount of Rs 2,00,000 as transfer charges to update the name of purchaser (Mr Samir Singh) in their official records.
Queries :
1. Can the "Embassy Springs" (Developer) ask for such unreasonable transfer charges without any basis as they are not party to contract between purchaser and seller for the purchase of Residential Vacant Plot?
2. Is it legal for developer to ask for such amount?
3. What can the seller and purchaser do under any law applicable in such cases in India specifically Bangalore?


P.Madhivadhanan
This Query has 2 replies

This Query has 2 replies

An assessee filed return for the year ended 31/3/2010. There is mismatch between 26AS and form 16 to the tune of Rs.54000 and income tax department raised a demand by including interest thereon. TDS 61750 deducted by the employer. Form 16 wrong date of deposit is there. Now the employer gave TDS paid challans with BSR code and CIN to the employee. How to respond this in income tax portal. Whether agree or disagree. Demand paid and the challan has cin with open details or Demand paid and the challan has cin without open details or Demand paid and has cin?


Deepti Prayaga
This Query has 1 replies

This Query has 1 replies

19 February 2026 at 17:32

Query on registration

Hi, I have cleared my CA final group 1 in May 2016 and gave my last attempt in Aug 2021 for CA final group 2. I want to understand if I need to register again to give an attempt in future. I am planning to give an attempt in 2026 Dec or in 2027. Additionally will group 1 results be invalid if the registration is not valid?


Mahabir Prasad Agarwal
This Query has 2 replies

This Query has 2 replies

19 February 2026 at 13:05

Revised ITR after IT refund

May I file revised ITR for AY 2025-26, although I have already received IT refund for the said year.






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