A TAX PAYER RECEIVED ADVANCE AGAINST SALE OF PROPERTY. THE BUYER DEDUCTED TDS THEREON. NOW DUE TO DISPUTE, THE SELLER IS REQUIRED TO REFUND THE NET AMOUNT PLUS TDS DEDUCTED. IS THERE ANY LIABILITY FOR THE SELLER TO DEDUCT TAX ON THIS REFUND AMOUNT?

Company formed private employee fund.
For this purpose company yearly deduct certain amount from employee salary & company add his double contribution ( double of employee contribution ) in welfare fund.
Can we claim company's ( employer ) contribution as expenses in profit and loss account as per income tax act. Also what is the implication regarding gst

Sir
As mentioned, in spite of termination of Leave &Licence agreement Licencee is holding the possession. Several notice had been sent but no effect.
Can we lodge complaint (FIR) in police under section 329 of BNS (criminal Trespass).
Regards
Abhijit

Respected colleagues,
I would like to seek clarification regarding the determination of the cost of acquisition of a property for capital gains purposes.

The property was originally purchased in 1997 as agricultural land and was subsequently converted into residential plot after obtaining CLU approval. The property was sold in October 2025.

In this regard, I have the following queries:

1. How should the cost of acquisition as on 01.04.2001 be determined?
Whether the same should be calculated based on a valuation report obtained from a Registered Valuer or through any other suitable method as per the provisions of the Income Tax Act.

2. If a valuation report from a Registered Valuer is obtained, whether the report should reflect:
the Fair Market Value (FMV) of the property as on 01.04.2001, or (Because FMV is always higher)
the Circle Rate/Collector Rate prevailing on that date.

3. Since the property was agricultural land as on 01.04.2001 and was converted into residential plot at a later stage, whether the valuation report should be prepared considering the nature of land as:
Agricultural Land, or
Residential Plot.

4. As the valuation report will be prepared during FY 2026-27 for a property sold in October 2025, kindly clarify whether the provisions of the Income Tax Act, 1961 or the Income Tax Act, 2025 would be applicable for determining the valuation and computation of capital gains.

You are requested to kindly suggest the most appropriate and legally acceptable approach so that we may proceed accordingly.

Regards

One of my relative Senior Citizen Age 72 yrs(F) having Family Pension up to Rs. 3,00,000/- p.a. and Interest on Fixed Deposit up to Rs. 30,000/- p.a.. She has submitted form 15H/G every year to the Bank having Fixed Deposit.
In FY 2023-24 Bank Deducted TDS on Interest on Deposit up to Rs. 8000/-. Can she filled ITR return to claim Refund of TDS deducted . Is there any Penalty/ Late Fee Charges for filling Return of more than One years.
Please advise.

We have submitted all the documents to TDS circle officer they told after 15 working days Challan will show in our System. Then they immediate transfer from PAN to TAN.

Please confirm they told 15 days. In goggle the time shown 7 days.

Sir,
A person rs:15 lacs business loan from sbi bank
Question:
Sbi bank stock statement format and procedure

I am presently a member of EPFO, have an UAN and my current employer deducted EPF from my basic salary and deposit the same with his contribution in respect of my UAN to my existing EPF account. Now i am going to join a new concern, but they informed me that they are unable to continue my EPF facilities as my joining salary to this concern will be more than INR 15000. Is it technically correct? They only liable to deduct PTAX from my salary ? Please comment.

Whether a composition dealer dealing in second-hand goods ( Mobile )can opt for valuation under Rule 32(5) and pay composition tax on the margin amount instead of total turnover?

Sir,
If a gst registered printer pay membership fee to unregistered `Association of Printers' which is not registered under gst, RCM applicable? Thanks!