Prashant

A Plot purchased by Taxable person's forefather and lastly transferred property on his name by his father
As property was purchased before 2001, how to calculate FMV @ 2001 to calculate indexation property.


CD SHARMA

I have transfered 9.99 lacs through rtgs to my son account as a gift.
1. Whether gift deed is mandatory
2. Making gift deed on plain paper is sufficient and meet legal requirement.


MONIKA KHANNA
22 September 2025 at 17:53

Brokerage on sale of flat

My client is selling a flat which is jointly owned by 3 individuals. He has to pay brokerage of 1.9 lacs jointly. Does he have to deduct tds .


S N UNNI

A TRUST WAS REGISTERED ON 6.4.22 AND RECEIVED REGISTRATION CERTIFICATE IN FORM NO 10AC FOR AY 22-23 TO 26-17. WHETHER THE TRUST IS REQUIRED TO FILE THE RENEWAL APPLICATION ON OR BEFORE 30.9.2025. PLEASE ADVISE,=.


suren

Dear Experts,

The assessee has filed return of income for AY 2023-24 in time. While filing the return, he claimed setoff of business loss of earlier year (where the return was filed in time as he is a partner in a firm and accounts of the firm were subject to audit u/s. 44AB). The return was processed. Later on, the department has sent notice to rectify the order as setoff allowed while processing the return was wrongly allowed as the department is of the view that return of that year was filed beyond time limit. In fact, which is not the case. The assessee has responded online giving details of return filed in time and hence to drop the penalty proceedings. In fact, this has happened twice. Earlier also such notice was there which was replied by the assessee and nothing was done. This time, the assesse has received order 2 days back under section 154 directly disallowing set off claimed, without mentioning whether the the response submitted by the assessee is considered or not.
How to rectify this order? What is the time limit? Should he apply for rectification u/s. 154 ? If yes, proof of partnership firm return for that year filed with audit report u/s. 44AB is to be submitted as proof in the year in which the assessee has carried forward loss in his personal capacity in his proprietary business ?
Please guide.


Pooja
22 September 2025 at 13:34

Revised return for ay 2025-26

For revised return do I have to file return like the original return? How is it different from original filing?


Suresh S. Tejwani

If HUF Purchases property in their name and Rent income shall be taxable in their name
Whether there are any drawbacks for purchasing property in the name of HUF?


Ritesh
22 September 2025 at 11:46

ITR2 Schedule AL for AY 20205-26

Is it mandatory someone to Fill section Schedule AL in ITR 2 is his income is less than 1 CR for AY 2025-26 but last Year he had filled that section


Challa Praveen Kumar
22 September 2025 at 11:24

TDS on Standard cloud services

Whether TDS is applicable on Standard cloud services taken from Amazon Interenet services Private Limited, if yes under which Section ? and what is the nature ? and if no, reason for not applicable.


rajesh parai
22 September 2025 at 00:44

Expense provision written off under 44Ad

My previous ca has created many expense payable provision although i have opted sec 44ad but this expense provision is not going to be paid and nor expense can be claimed in sec 44ad how to adjust this provision in my balancesheet that it disappear in balance sheet





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