Hi,
if we buy some furniture or assets for our office/store and the furniture provider charged Freight, packaging, installation on that bill (no seperate bill for all these) then we should deduct TDS on gross bill or only on total of Freight, packaging, installation?

A Real Estate Pvt. Ltd. Company has not filed its I T Returns from F Y 2021-2022 to till F Y 2025-2026.
Same is the filing status with MCA.

Company is transacting its business as usual every F Y in crores.

So far no reminder or any notices have been issued to file the pending returns either by Income Tax Dept. or MCA.
No action has been initiated till date.


Query is where is the transperency from the above Departments ?
Should it be considered as deficiency in the laws framed by the Govt.
Plz clarify what steps should be taken for such cases.

* Builder originally sold the property to Buyer A for 1 Cr.
* Out of which 80 lakh has already been paid, and 20 lakh is still payable to the builder at possession.
* During construction, Buyer A sold the property to Buyer B for 1.50 Cr.
* Buyer B has paid 1.30 Cr to Buyer A, while the remaining 20 lakh will liable to pay directly to the builder at possession.

My query is

1. For Form 141, the sale consideration between A and B should be reported as 1.50 Cr right?
2. If 1.50 Cr is the consideration, what should i mention the transaction as lumpsum or installment? Because only 1.30 Cr is currently paid to A and Buyer B eventually pays the remaining 20 lakh directly to the builder at the time of possession.

If mark it as a lumpsum then sales consideration and amount paid won’t be matching..

If mark it as a instalment then it should be first installment i guess, but for subsequent payment PAN number of deductee will get change.. will it allow me to file the TDS form with different PAN number?

Assessee had deposited TDS challan by wrongly selected FY as 2025-26 instead of TY 2026-27.

Now, the Old Traces portal is limiting the challan corrections to earlier years only and New Traces portal is completely blocking the correction request to change FY 2025-26 to TY 2026-27.

So how we can make corrections in the TDS challans ?

Dear Sir,

Tax Audit Report with ITR-6 both were uploaded together on 30th Sept but the very next day the CA was expired unfortunately but the UDIN is yet to be uploaded with the DSC of the deceased CA. Please guide me what to do in such a case.

If an assessee whose income is in hundreds and wants to file ITR U for bank loan purpose, how much is the minimum tax that the assessee must pay to file ITR U and The tax amount without which the ITR cannot be filed?

Sir I have HUF in the name of my father how to change the existing karta after his demise as my father was the karta previously,As well i do not no HUF deed i have only PAN card of HUF.Please give me the solution.

Hi
One of our client is working from India for an Qatar Company, he has received a salary income from Qatar Company in Dollars directly credited to his India Bank account with all details how many dollars received and conversion rate as on date.
He filed the Returns with normal India Salary income for FY 2025 - 2026.
He received an email to report the foreign assets, how he can file the revised returns disclosing his foreign salary income.
Please suggest.
Thanks
Abdul Razack

Hi,
if we have bought an assets in mar'26 and calculated the depreciation accordingly (depreciation on usage as per number of days)...in next year the "used/remaining life" will be 2nd yr or it will be 1yr (as it was bought in march'26)

I have undisclosed account in ICBC bank China with around 21960 CNY since 2018 and currently it could be dormant. It was opened anticipating some potential business but not materialized due to COVID etc. However, now received SMS from IT system to utilize FAST DS26 scheme till Dec26. I have checked in compliance portal and see the account reflecting with balance of 21850 CNY and interest of around 110CNY for CY 2022 & 2023 ie total of around Rs 314,500. I have accepted the amounts in compliance portal. Now my query is should I utilize the FAST DS26 and pay Rs 189000 ie 60% of total balance as tax or will the Rs 20 lakh immunity protect me from 120% levy if I dont avail the scheme. I will have to consider the entire amount as income as the current account is dormant, i dont have any bank statements as of now and will not be able to show source etc as is very old and not sure if ICBC will share statements without reactivation of account etc. The deposits was by way of sale of samples I was carrying during that time. I have been resident all through. Please advise.