What should be the appropriate course of action in this case, as per books closure and the Income Tax Act, 1961, where our ledger reflects a credit balance of ₹1.92 lakhs while the party’s records show a nil balance? Additionally, we are holding stock worth ₹2 lakhs on behalf of the party.

IF REMUNERATION IS BEING PAID TO A DIRECTOR IN PRIVATE LTD AND NEITHER PF IS DEDUCTED NOR ANY PROFESSIONAL TAX IS PAID THEN UNDER WHICH SECTION TDS SHOULD BE DEDUCTED SEC 192 OR 194J?

Sit.
One of my friend has a property in cochin, she has plan sell property her distant relative 1.1 Cross to 1.25 Cross.
Currently market value is 1.5 Cross.
Let's me know, whether ,it make any problem to sell her distant family member to 1.1 Cross said property.
Please advise

Raw space ( vacant floor ) taken for exhibition purpose. Paid consideration to exhibition organiser Rs. 5 Lac.

Tds under which sec. For F. Y 25 - 26 applicable & what rate.

I have invested the funds in Tata AIA shubh flexi plan of pension policy during the last month. Now I want to cancel the said policy due to finanical problems. In this conneciton, please let me know whether GST will be charged on deduction while cancellation of this policy. In fact while investing the funds in Pension policy, No GST was applicable.

So kindly clarify for above point of GST.

ITC was availed on capital goods purchased in December 2024. Now, ITC is required to be reversed in the March 2026 return. Is any interest applicable on the amount to be reversed? Also, what are the consequences if such ITC is not reversed or is reversed at a later date? Additionally, what are the consequences for the portion pertaining to the period from December 2025 to March 2026?

We purchased certain items from outside the state and had claimed ITC in Table 4(A)(5), which was later temporarily reversed in Table 4(B)(2). Now, due to defects, the items have been returned and the supplier has issued a credit note.

At present, Table 4(A)(5) is showing a negative ITC balance of ₹1,00,000. We had earlier reversed ITC of ₹1,00,000 against these purchases.

We have no other interstate purchases during this month. Kindly advise how the earlier claimed and reversed ITC should now be treated. Should we show ₹0 in Table 4(A)(5) [₹1,00,000 - ₹1,00,000] and ₹1,00,000 in Table 4(D)(1) under the ITC reclaim column? Please guide.

We supply good from India to UAE based customer on 5% incentive/Promo (off invoice) basis on sale. we Supply goods on Jan 26 and customer raise the incentive invoice in Feb 26 but now in April 26 want to book exp in our tally. please help what exchange rate we should take.
Sale Invoice date se
Expese Invoice date se
ye booking date se

Sir.
During 25-26 one of partnership firm has 2.5 crores turnover. Let's me know
1 whether need to file annual return for 25-26 .
2. Which is better after file annual return than file income tax.which one file income tax or Gst return.
3. Due date for annual return Gst & income tax.

Who is responsible for filing Form 26A in cases of non-deduction of TDS, and is such filing required only upon receipt of a notice from the Income Tax Department, or can it be submitted voluntarily by the deductor?

Is Form 26A applicable for non-deduction of TDS on interest and remuneration paid to partners by a partnership firm?