Dear Sir,

In previous year depreciation calculation understated in company's books over sightly as per company act, now can i reverse the difference amount in current financial year and does it affect any financial loss to the company.

Thanks and Regards

Hi Experts,
I have few queries regarding the Foreign assets declaration etc.
1. If an individual wasn't in India for last 10 Years (only for visits less then 15 days in an year) and returned in 10th August 2024 for good.Till when will he be in RNOR status and from which FY 26-27 or FY 27-28 should he be declaring Foreign Assets.
2. Post RNOR Status if he transfers any savings account money ( not income) to India what is the tax applicable?

Appreciate your help.

Thanks,

Hello,

I have 2 kids, both minors right now. Me and my wife are both working in private sector. Suppose I am the higher earner.
1. Will the income of both kids be clubbed with me?
2. Can it be possible if income of 1 kid is clubbed with me and the other with my wife, if we are guardians of the respective kid individually?

Thanks

Dear Sir,

I seek your guidance regarding the following matter:

Mr. X, the buyer, purchased a residential unit along with land from four sellers — A, B, C, and D — for ₹1.80 crores on 23/09/2025. However, Mr. X did not deduct and deposit TDS at the time of the agreement.

He was required to deduct equal TDS in the names of all four sellers. Instead, in February 2026, he reported and deducted the entire sale proceeds and corresponding TDS in the name of Seller A only, which is incorrect. At the registrar's office, the property appears in the names of all the sellers. This will create a mismatch if the return is filed in Mr. A's name only.

Despite repeated follow-ups requesting Mr. X to rectify the TDS return and deposit the TDS proportionately in the names of all sellers, he has shown no interest in doing so.

Kindly advise:

What remedies are available to all sellers in this regard?

What steps should be taken if the buyer remains reluctant to rectify the TDS return?

Your guidance will be greatly appreciated.

Regards,
Suraj

At the time of Filling GSTR1 QMarch26, only advance receive for supply of service amount INR 250000/- But after filling in Table No. 11A(1) intrastate advance receive , HSN Code in Table 12 and Doc Details in Table 13 , Summary not generate , Error massage came ''No data available in the tables of GSTR-1. Please enter relevant data in the tables to proceed'' Please advice to solve the error

I purchased a property in 2001 for 50 Lakshs and sold it in April 2026 for 1.5 cr . Can I calculate the indexation cost for the property for the Assessment Year 2027-28 ? or I have to pay 12.5% for the difference amount ?

An individual was a pertner in an LLP since 2018 with a Capital contribution of Rs 20Lakhs. During August 2025 the subject LLP was converted in to an unlisted Private limited Company and the Individual partner was alloted 29,650 equity shares of Rs 100 each in the newly formed provate limited company against individual's capital in the LLP. During April 2026, the Individual sold 50% of alloted share (14825 equity shares) in the Private limited company to another individual for a total consideration of Rs 40Lakhs. Compute the Tax implications for AY 2026-27 and 2027-28 with respect to conversion and sale of shares.

A capital asset is purchased for use in both taxable and exempt supplies. There were no exempt supplies for the initial few months after purchase, but exempt supplies were made later. While calculating proportionate ITC reversal, should the calculation consider the entire period from the date of purchase, or only the months in which exempt supplies were made?

Dear Sirs
As per new wage code introduced in November 2025, the defination of wages has been changed as Basic+DA only.
As per this can you please help the ESI applicability?
should we deduct ESI whose Gross salary Rs 42,000 then Basic Salary is Rs 21,000(50% of Gross).
So its make applicability of ESI on this? and we have to deduct ESI on Rs 21,000/- or not?
Please clarify.

I would appreciate some guidance on the recent changes to the SEBI Listing Regulations.
Prior to the introduction of Chapter VA, most debt-listed entities, particularly those classified as High Value Debt Listed Entities (HVDLEs), were complying with Regulations 16 to 27 relating to corporate governance.
With the introduction of Chapter VA, which is specifically applicable to listed Non-Convertible Debt Securities (NCDs), I have a couple of queries:
1. Are Regulations 16 to 27 still applicable to HVDLEs, or does Chapter VA now fully govern their compliance requirements?
2. In a situation where a company qualified as a High Value Listed Entity during part of the last quarter of FY 2026–27, but subsequently falls below the revised threshold of Rs. 5,000 crore, would it still be required to comply with filings such as the Corporate Governance Report and Related Party Transaction disclosures for the quarter/year ending March?
Any insights or clarifications from professionals or those who have dealt with similar situations would be greatly appreciated.

Thank you in advance