sir, I have filed GSTR1 with 40 lakhs tax liability for March 2025. i have sufficient balance in electronic cash and credit ledger but while filing GST 3B sales was not auto populated without noticing it filed return with late fee alone. Now taxable value shows RS.0 in 3B amount present in ledger itself now what can i do...How i rectify GSTR 1 vs 3B error

Respected Colleagues,
A person had received Interest (194A) on enhanced compensation of Compulsory Acquisition of RURAL Agriculture Land in FY 2017-18 and filed ITR with only FD Interest Income without taxing 50% Interest on enhanced compensation in ITR with the intent that interest on Enh. Comp. was fully exempt being rural agriculture land not a capital asset, Now kindly advice whether 50% Taxed or fully exempt?

Cost of material consumed and
Changes in Inventory

Dear sir/ Madam

I proposed director a company entered into a rent agreement on Nov 2024 - sept 2025 after that decide to incorporate a OPC and got name reservation on June 2025 , can i continue with above said rent agreement and what should be written on the rent agreement.

please provide me a sample copy of rent agreement prior to incorporating a company on mail id . incometaxcon05@gmail.com

Good morning sir,

one client claimed ineligible ITC in FY 2021-22 & 2022-23, is it to be paid through DRC03 or to reverse in current financial year, since in current financial year there is no ITC, hence showing (-) negative figures in monthly GSTR3B return if we reverse it . . .

please guide me

If Mr. X Brings Immovable property as capital contribution in partnership firm then such property shall be booked by partnership firm at the book value in the hands of partner which is mutually agreed by all the partners then whether such clause is to be mandatorily mentioned in Partnership deed?

Respected Experts

Kindly let me know the implication for not filling of ITC 04 as we do not know for the same.

If now I start to file the same for last 3 to 4 year than any panelty is there ?

Kindly advise

One client have 40 lac business income and 30 lac professional fees income . Can client file 40lac income in 44AD and 30 lac in 44ADA in ITR-4 form?

Minimum wages in Mp now say for unskilled employees is 12125 with bifurcation into minimum basic and minimum vda, if in case our company has three components in salary basic, HRA and other allowance, would requirement for minimum basic be 12125? Can other components be reduced to make basic higher for existing employees

Which is the best book to enhance knowledge in direct tax, indirect tax, company law with different case studies?