B2C customer of another state came to shop and buy goods at counter rs 55000 and taken delivery himself so which tax is applicable cgst sgst or igst ?
What about eway bill because movement is by hand ?

Respect Experts,

I am an individual deductor paying monthly residential house rent to an NRI landlord. TDS has been deposited on time under Section 393(2), Sl. No. 17 (Code 1057), corresponding to the earlier Section 195.

However, due to the transition from the Income-tax Act, 1961 to the Income-tax Act, 2025, and the introduction of the new Form 144 replacing Form 27Q, I inadvertently missed filing the Q1 TDS return for Tax Year 2026–27 (April–June 2026), which was due on 31 July 2026.

I would appreciate clarification on the following:

1. Is there any late-filing fee waiver, relaxation or extension for Q1 Form 144 due to the transition to the new Income-tax Act, 2025?

2. Has CBDT issued any notification, circular or transitional relief regarding late filing fees under Section 427 for Tax Year 2026–27?

3. Since the entire TDS was deposited within the prescribed deadlines and only the quarterly statement was missed, is there any provision to waive or avoid the ₹200-per-day late filing fee?

4. Can the Q1 return be filed now without paying the late filing fee, or could CPC(TDS) subsequently raise a demand?

5. If no specific waiver is available, are there any legitimate alternative remedies, procedural options or representations available to seek relief from the late filing fee?

I would sincerely appreciate expert suggestions, practical guidance and recommendations on how best to proceed in this situation while remaining fully compliant. Any experience with similar cases involving the transition to the new Income-tax Act would be particularly helpful.

Thank you in advance for your valuable guidance and time.

Best Regards.

Company rent-a-car provider with 5% billing. My question is if I took the service from a vendor with 18% GST, can I claim full ITC or only 5% ITC claim.

If only 5%, then a 13% company loss?

While preparing and validating the TDS return in Form 144, I am encountering validation errors stating that certain mandatory fields are either missing or incorrectly populated, despite all the relevant details having been entered.

The error codes are T-FV-4340, T-FV-4341, T-FV-4342 and T-FV-4343, relating to the deductee's email ID, contact number, overseas address and Tax Identification Number. Interestingly, the error message says these fields must not be provided for the relevant nature of remittance.

I have checked the details and also contacted the Webtel support team, who informed me that the issue may be due to a utility error.

Has anyone else encountered the same issue while filing Form 144? If so, please share any workaround or resolution.

Your help would be greatly appreciated, especially considering the upcoming filing deadline of 31 October 2026.

My father has expired. He has bought mutual fund units at NAV of Rs 10. It's current NAV is Rs 30. I am nominee in his mutual fund folio. So it will be transferred in my name. If sell these mutual fund units after 2 months at NAV of Rs 31, how tax I shall have to pay?

In our IMS, Bills of Entry for the import of goods pertaining to F.Y. 2025-26 and 2026-27 are appearing. We have already claimed the Input Tax Credit (ITC) for these in our GSTR-3B, based on the GSTR-2B that was generated at that time. our query is that 1) Is it mandatory or optional for us to take action on these entries within the IMS? 2) If no action is taken, will there be any issue regarding the validity of Import of goods IGST ITC we have already taken?

A private limited company's director owns a property along with his sisters. The company wants to eventually move its offices into this property. The company wants to give rental advance towards the property.

The director wants to create a partnership firm/LLP or Private limited company with his sisters who are co owners for this purpose. If it is a partnership firm or LLP, both of which are body corporates, an AGM approval is required. What is the position if agreement is entered by
1. director along with co owners in individual capacity and
2. a private limited company with the coowners as directors.

What is a full process of recording taxable goods purchase from urd without rcm notified in tally prime ?
Where to show these purchase value in gstr 3b ?

T_FV_6381 At least one deductee/collectee record is required in TDS/TCS statement as per Income Tax Department guidelines. Please add deductee/collectee details before validating the statement.

I updated only Interest in the Challan Column. No need to change the dedutees.

Hi Sir / Madam,
My in-laws are selling their Delhi property and buying an under construction flat.
Details are:
1. Selling property is in the name of Husband n Wife
2. All payments were made by the main applicant only ie., Husband while acquiring the property.
3. Husband is a pensioner and files ITR regularly / yearly
4. The payments to the new / under construction property are to be paid in specified installments as per the completion of project.
5. Majority (70%) of payments to the builder will have to be made by March'27.
Now, the query is,
1. Is it required to show the transactions relating to Sale n Purchase in the next IT returns? ie., AY 2026-27, as balance portion (30%) will be paid to the builder, in the next FY.
2. How to manage the Capital gains which is balance? (as the major portion is consumed in the new property) Do they need to open any CG account separately for this amount?
3. The payments are being transferred to both the owners of the sale property.
I need your guidance.
Best Regards