Respected Colleagues,
In the books of client, business started in dec 2024 and office rent 78000/- per month till March total rent Rs 312000/- , No turnover in the business in FY 2024-25, So now we want to file Tax audit report u/s 44AB(e) to carry forward our business expenses to next year,
Now my ques is, all the rents from dec to march 2025 paid after march 2025 and TDS not deducted on it, So in TAR when we disallow in clause 21, there is a column states ''DATE OF PAYMENT'' of rent, but there was no payment made in FY 2024-25, all the rents in payable position, So how we deal in this position

Please advice

IN LAST YEAR IF TDS IS CARRY FORWARD BY FILING UPDATED RETURN, TO CURRENT YEAR, THEN IN CURRENT YEAR BY ADDING LAST YEAR TURNOVER, THAT EXCEEDS TOTAL TURNOVER OF THIS CURRENT YEAR THEN CAN WE CLAIM SUCH TDS IN CURRENT YEAR?

Due date for return of company (only statutory audit is conducted) and LLP (only statutory audit is conducted) is also extended for 10th November, 2025?

Dear Sir / Madam,

A professional person was filing his return u/s 44ADA, i.e. presumptive taxation till last year. Now he will be an NRI from the current year. He already filed the return u/s 44ADA for 4 years.

Since section 44ADA is not available to an NRI, he needs to prepare IE & BS and file the return under normal taxation.

Will this switching from section 44ADA to the normal scheme of ITR filing attract the Tax audit provision??

Please guide.

Regards,
Suraj

I sold a flat where the LTCG is Rs 56,50,000/- (Sale Value 19125000 less CoA Rs 13475000). In the same financial year I sold shares and/ MF where the LTCG is Rs 15,00,000/-. Can I offset the LTCGs
of Rs 56,50,000 + Rs 15,00,000/- against the purchase of a residential flat bought at a price of Rs 1,70,00000/- and pay no LTCG tax?

A trust was granted provisional registration under Section 12A on 07.03.2023, valid from Assessment Year (AY) 2023–24 to AY 2025–26. The final registration under Section 10AB was approved on 29.03.2025.

In this case, for the Financial Year (FY) 2024–25 (corresponding to AY 2025–26), should the trust file ITR-7 as a registered trust under Section 12A?
Deduction of expenses in profit and loss can be allowed in such case?

Dear Sir/Madam,
Any expert in this matter concerned,please help,

I was trying to file updated ITR 2 for AY 21-22(in Excel 2024) in my new laptop, everything went smoothly but when I tried to generate json, in summary schedule upon clicking save json, json file is getting stuck at 33.33% encryption and laptop hangs. I tried several times with same consequence.

What to do to resolve this situation,
Thanks

If by allowing IT act dep and disallow Company act dep. (Dep. as per IT Act is less then companies act dep.) income as per income tax act (115JB) is greater than company act then 29B required to be file?

Dear Learned professional,
kindly advise if resident company purchase shares from foriegn shareholder, while making payment by bank - tcs/tds to be deduction.
kindly advise

Dear members

Please suggest whether TDS applicable of Compensation paid to Landlord as per High Court order....