What should be the appropriate course of action in this case, as per books closure and the Income Tax Act, 1961, where our ledger reflects a credit balance of ₹1.92 lakhs while the party’s records show a nil balance? Additionally, we are holding stock worth ₹2 lakhs on behalf of the party.

IF REMUNERATION IS BEING PAID TO A DIRECTOR IN PRIVATE LTD AND NEITHER PF IS DEDUCTED NOR ANY PROFESSIONAL TAX IS PAID THEN UNDER WHICH SECTION TDS SHOULD BE DEDUCTED SEC 192 OR 194J?

Sit.
One of my friend has a property in cochin, she has plan sell property her distant relative 1.1 Cross to 1.25 Cross.
Currently market value is 1.5 Cross.
Let's me know, whether ,it make any problem to sell her distant family member to 1.1 Cross said property.
Please advise

Raw space ( vacant floor ) taken for exhibition purpose. Paid consideration to exhibition organiser Rs. 5 Lac.

Tds under which sec. For F. Y 25 - 26 applicable & what rate.

Who is responsible for filing Form 26A in cases of non-deduction of TDS, and is such filing required only upon receipt of a notice from the Income Tax Department, or can it be submitted voluntarily by the deductor?

Is Form 26A applicable for non-deduction of TDS on interest and remuneration paid to partners by a partnership firm?

Fellow CAs,

A genuine question from something I've been thinking about.

When a client receives a Section 201 notice — the IT department isn't asking what was deducted. They're asking **why that specific rate was applied on that specific transaction.**

Most ERPs store the outcome. None store the reasoning — why that rate, why that section, what the YTD aggregate was at that exact payment moment, what PAN status was on that date.

In practice, how are you handling this when a notice arrives?

We're building **RegInfra** — a TDS API that stores the complete decision chain at the moment of every calculation. Rate, section, threshold state, PAN status, 206AB applicability, and the exact ITA 2025 section reference — permanently, per transaction. When a notice arrives, the response is already built.

Still early. Would genuinely value perspectives from practitioners who handle this regularly.

Is this reconstruction problem real in practice — or do existing tools handle it well?

→ reginfra.com

Sir.
One of my friend plan to make agreement to sale of property in cochin cost 1.5 Crores.
She also plan to purchase house property around 50 lakhs from sold fund
Let's me know
1 . Please advise best tax planning in above case.
2. How much amount need to pay income from capital gain tax.
Please advise.
With regards
Binu

If a NRI, purchases a Immovable Property (Residential House) in India from another NRI.
What will be the TDS rate applicable to the purchaser?
TDS will be applicable on Gains or Consideration?
How will the TDS be filed?

Good Afternoon Dear Experts, I have filed my ITR AY 2021-22 on 31.03.2022 and ITRV Acknowledgement niether sent by me after the filing nor validated with EVC/OTP. Now I have sent the ITR V Acknowledgement signed copy last week. The same is received by CPC and marked Invalid as Prescribed time limit is over. So, my question is that, what can I do for complete the process of my ITR because there is a refund amount of Rs. 50,000/-. Please help

Any provisions available for obtaining relief from tax deduction at source under Section 194T of the Income Tax Act? Specifically, guidance on whether a partner can apply for lower or nil deduction of TDS on payments such as remuneration, interest, or commission, and the procedure for the same??