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This Query has 1 replies

This Query has 1 replies

IS the irrevocable clause still necessary in the trust deed after the Judgment of Bombay HC in
The Chamber of Tax Consultants & Ors Vs Commissioner of Income Tax (Exemptions) & Ors -- WP (L) NO. 7587/ 2026 --- dated 09-03-2026 --- 2026:BHC-OS:6814-DB


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

If a person gives agricultural land on lease for solar power generation, is the lease rent exempt as agricultural income u/s 10(1)or taxable under the Income Tax Act?
Under which head of income will it be taxed and whether TDS u/s 194I is applicable?
Also,is there any other exemption or benefit available under the Income Tax Act for such income?


ABHI KUMAR
This Query has 1 replies

This Query has 1 replies

20 March 2026 at 19:37

43 b 1 h

We file income tax under section 44AD and are traders. Is section 43B(h) applicable to us?


Suresh S. Tejwani
This Query has 2 replies

This Query has 2 replies

20 March 2026 at 15:35

TDS U/S 194S VDA

IF TDS IS DEDUCTED U/S 194S CAN WE SHOW SUCH TURNOVER IN ITR UNDER PRESUMPTIVE INCOME? IF AN INDIVIDUAL IS REGULAR TRADER OF CRYPTOCURRENCY.


Urvi Shah
This Query has 2 replies

This Query has 2 replies

What is the Tax rate and surcharge rate for discretionary Trust for AY 25-26?


Rajendra Kumar Das
This Query has 1 replies

This Query has 1 replies

Can a govt PSU deduct TDS under Section 194J on payment of Rs. 2,00,000 to the Institute of Cost Accountants of India for a certificate course of its employees. Please confirm


binu sukumaran
This Query has 1 replies

This Query has 1 replies

18 March 2026 at 09:17

Advance tax payment after 15th Mar 15

Sir.
Due to medical treatment of owner, unable to pay advance tax Q4 with in the mar 26.
Let's me know if paid with in Mar 31, is there any benefit with in respect of interest.
Please advise.
Binu


Suresh S. Tejwani
This Query has 3 replies

This Query has 3 replies

In case of the buyer deducted TDS on the sale consideration and deposited the same .Subsequently, the transaction was cancelled, and the consideration amount was refunded to the buyer by the seller.
1.Whether the TDS deposited under Section 194-IA can be claimed as a refund in such circumstances.
2.Whether the refund should be claimed by the deductor (buyer) or the deductee (seller).
3.The appropriate procedure to claim such refund, including any rectification or correction in Form 26QB.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

sir,
A partnership firm remenuration and interest paid to two partners.
Question:
tds provision applicable on remenuration and interest f.y.25-26 .


Suresh S. Tejwani
This Query has 2 replies

This Query has 2 replies

17 March 2026 at 13:11

REGARDING ITR OF TRUST

If we file ITR-5 instead of ITR-7 in FY 2023-24 and report an income of ₹12,000, a demand is raised. Is there any way to avoid paying this demand, considering that we had provisional 12A registration for that year?






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