Suresh S. Tejwani
20 August 2026 at 17:45

REGARDING TURNOVER LIMIT

"Is a tax audit mandatory for a LLP with a turnover of less than 1 crore , and is the income tax return valid without a tax audit?"
similarly in case of company if turnover less than 1 crore then only income tax return valid without tax audit?


A Kar

Hello,
I am looking for recommendations for experienced CA from Kolkata who have a track record of accurate balance sheet,PnL preparation and ITR 3 filing for FnO trading for individual trader by working online for document acceptance and communication. They should be transparent in disclosing their registration number and CoP. I will be obliged if anyone has any recommendations.


omnath
20 August 2026 at 13:36

Sale of old gold ornaments

SIR
MR A SOLD OLD GOLD ORNAMENTS RS 2,64,000/- 20 GRAM RS 13200/- PER GRAM AS ON 10.05.2025 WITH BILL. THE OLD GOLD PURCAHES AS ON 05.1.2023 RS 110000/- AND NEW ORNAMETNS PURCAHSESD RS. 320000/- PL WORKING CAPITAL GAIN STATMENT

THANKS


mahi devta

SALE SHOWS ACCORDING SERVICE PROVIDE (FY 24-25) BUT SERVICE RECEIVER (GOVT DEP) SHOWS SALES IN 26Q FY 2025-26 (AS PAYMENT MADE YEAR)HOW TO CLAIM INCOME TAX REFUND. SALE SHOWS IN GSTR & ITR FY 24-25 .ALSO WHAT TREATMET IN GST RETURN & INCOME RETURN


Kawai
20 August 2026 at 11:39

Interest Reporting in Form 168

Sir
Greetings
Can I get clarification as to whether the Banks need to report interest details in Form 168 even if no TDS is deducted?
The present Form 168 has a separate table for reporting interest details when the customer submits Form 121. Moreover, the Banks earlier were reporting interest paid during the year in Q4 reporting, even when no TDS was deducted.
Thank you
Chari


varinder kumar

ACTUAL GST TURNOVER BASED ON GST RETURNS SHOWN ON GST PORTAL RS.1,06,00,000/- APPROXIMATELY
AIS SHOWS GST TURNOVER RS.75,00,000/- APPROXIMATELY
GST TURNOVER SHOWING GENIUS SOFTWARE AS PER GST PORTAL RS.1,35,00,000/- APPROXIMATELY
PLEASE SUGGEST IN THE MATTER AS WE HAVE TO SUBMIT ITR OF OUR CLIENT


Shankar

Dear all
Now is it mandatory to obtain registration U/s 12A of IT Act to Education society. So far it was claiming exemption U/s 10(23C)


Ashok Khandelwalpro badge
17 August 2026 at 18:10

Incidence of Tax - TDA


We have our own WATER TANKERS. We purchase the water from tubewell owners and supply to various housing societies and Industries as well. Some of our customers deduct TDS U/S 194 c from our bill. Is this correct i e they are rightly deducting TDS from our Bill. Pl advice

Ashok Khandelwal


Adi

I am trying to show speculative income in ITR-3.
I have chosen 65(i) - (iii) under under Part A - P & L section and sub section 65 which is meant for those who do not wish to maintain books.
So my question is how to fill 65(i) - (iii) if I have loss instead of profit.
The 65(ii) is actually saying profit. So do I have to enter negative number here or leave it zero.
If it is zero then what to do with expenses in 65(iii)?


Shampa Mandal
16 August 2026 at 15:36

Filling ITR for FY 2024-25

I have missed to file ITR for FY 2024-2025
I have received commission Rs. 790000 and 2℅ tds deducted.
Can iI file ITR now






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