A apartment is fully constructed and a allottee has paid to builder about 90 percent of purchase price to builder and property is not yet registered in name of allottee..now the as per assignment deed between builder and allottee he is transferring rights to buy to another buyer. the allottee is taking original booking amount paid to builder and plus premium which totals to appx rs two crores. the allottee says he has DEDUCTED TDS of appx rs 1,21,000/- till date for all payments made to builder and he wants this amount to be paid to him by new buyer. but new buyer has paid entire rs. two crores to allottee by cheque as per tripartite agreement and not a single rupee to builder. is this legal or not. what are implications of tax law to new buyer if TDS is not done to PAN of allottee for rs two crores paid. please clarify as per latest guidelines.

The client does event management work and builds fabrication stalls. all payment reciept come through online mode. Business receipt of Rs. 2,42,00,000 came under 194C tds, business receipt of Rs. 800,000 came under 194JB TDS. Now which return should I file and can we show full income 2,50,00,000 44AD in ITR -4 ?

What are the tax and financial implications when selling old gold held more than 10 years?

now, famous brokers like zerodha/angel one give reports like holding on year end (demat with cost ) so, do we need to maintain ourselves, seperately and account for each contract note?
question --> do clients need to keep fifo accounting records (even if they have demat and investment in single broker like angel one or zerodha?)

my view --> no , angel one/zerodha gives year end position with individual scripts cost thereof, so position on year end can be known. no need to keep records by client.
i think we only need to keep if there are multiple brokers in the financial year, (because then fifo wont work).

In case of 100% exporter - refund application for the year 2017-18 and 2018-19 was rejected on the ground that it was timed barred application refund amount was transferred back to credit ledger A/c thereafter. in 2020-21 and 21-22 we claim ITc refund through IGST on export bill after that there was a downfall of export business and since last two year NIl return is filed and he has discountinued export business. Now how to claim that refund???? if we cancel GST Number how to claim GST refund?

Weather the Section 269ST applicable for Business entity for normal business purchase and sales.

If EL are encashed on resignation, will it be exempt or is it exempt only at the time of retirement?
It is also mentioned that total exemption would be 25 lakhs from all employers, if it is supposed to be exempted only on retirement what's the point of words "all employers"

I had filed return for the financial year 2024-25 on 15th September 2025. I had paid the payable tax on the 15th but challan details were not generated. I had filed the return on the 15th September with the option of pay tax later as the challan details were not generated. Now the challan details are generated. I have not e verified my return yet. Where can I submit the details of this challan?

Dear Sir, for the A.Y. 2015-2016 and 2016-2017, the above subject notices were got setside based on the jurisdictional error. However, subsequenlty, Penalty orders are also uploaded in the portal. Do we have to do anything regarding such penalty orders, or automatically becomes in valid.

if 2 items are there in plant block,
opening wdv ac 5000
weighing scale 12000
total op. wdv 17000

AC is sold for just 1000 , , then what is journal entry?

my view- bank debit 1000
loss on sale of asset debit 4000
to ac credit 5000
so in books, closing wdv will be 17000 - 5000 = 13000
What will be income tax return?
op. wdv 17000
addition 0
less sale 1000
---------------------------
closing wdv 16000.
but in income tax closing wdv will be 16000.

my q --> in above case, both closing wdv in books vs income tax is different . Am i correct in closing wdv calcualtion? (assesse is partnership firm)