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sundeep

16 January 2026 at 15:35

Posted On : 16 January 2026

STCG.........

My STT-unpaid STCG is INR.18427, and my STT-paid STCG is INR. 72000. LTCG is INR(-)23000. Can I show the entire STCG as business income?. I have been a trader for the last 4 years.

If no, then do I still need to pay the advance at 20% tax on 15th March 2026 for the STT paid STCG of INR.72000, as I made above INR .10000 gains in this last quarter due to the rise in silver and gold? I did not anticipate this gain, so I did not pay any advance tax for three quarters. last 3 years' gains were below INR.10000.
I have a small professional income of INR 25000 under sec 44ADA. Please Advice.
Your advice was very helpful in my last ITR filing. Thanks in Advance.

Dhirajlal Rambhia

16 January 2026 at 08:58

Posted On : 16 January 2026

In Reply To :

ITC claim of capital goods

There is no legal provision in the GST Act requiring ITC on capital goods like dumpers to be claimed over 60 installments. You can claim the entire amount in the month the purchase is made and the invoice is reflected in your GSTR-2B.
Conditions for Full Claim:
Reflected in GSTR-2B: As of 2026, you can only claim ITC if the supplier has uploaded the invoice and it appears in your GSTR-2B statement.
No Double Benefit: You cannot claim ITC if you have already claimed depreciation on the tax component of the vehicle under the Income Tax Act.
Business Use: The vehicle must be used for the furtherance of business.

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