Respected Colleagues,
A person running restaurant business and now wants to capitalise hotel building in books (Property valuation done by income tax valuer dated 14.10.2025)
my ques is, whether we are able to capitalise in books in FY 2024-25 because property valuation Dt. 14.10.2025 and secondly, if hotel building ready in 2015, how we capitalise in books with actual cost less depreciation till 31.03.2024 in order to claim depreciation in FY 2024-25?

Please guide

Respected sirs
When client has income by selling books and income from sale of books is being shown in ITR by the consultant under income from other sources. Is it correct? And also kindly enlighten me as to the correctness of showing Income offered for assessment( without mentioning any particulars) under income from other sources in ITR.
Thanks and regards

Interest on outstanding demand effected in accordance with rectified order u/s 154 then whether the interest accrued on demand shall be counted from original assessment order or rectified order?

Society registered u/s 12A. Now we are filing returs for the ay 2025-2026. we have donations for rs.100000. There is no expenses. so we have surplus of rs.100000.shall we file form 10 for accumulations.we got only below taxble income. shall we file form 10bb and form 10.

we are tax auditors only.
assesee is a partnership firm, having exports to its related party (son of partner).
however, it does not fall in transfer pricing (as no common shareholding).
my question--> no need to show in 3cd right? do we have to show in notes to accounts accounting standard 18?
my view--> ALTHOUGH icds is not in related parties, general accounting principles mandates reporting sales to related parties ( as 18 ) (but am i right)?

Please can anyone assist me regarding claiming refund
Reahrding AY 2025 2026
My tax payable was ₹56,000. Due to a portal error, my initial payment of ₹57,000 wasn't reflected, so I paid ₹57,000 again. However, I received a refund of ₹1,000 . Now, I also want the refund for the payment of 57,000 made
again. Now challan also reflecting in their portal .
Payment was done through card and I found out when it was debited in my statement.
Will claiming the refund again lead to more scrutiny?

which column to show purchase of goods from registered dealers (fully paid them, no creditors) in clause 44?

Expenditure in respect of Registered Entity relating to other registered entities
and
Expenditure in respect of Registered Entity relating to total Payment to registered entities

my view--> to show in both, right?

Want to confirm that in case when we are claiming exemption of 10(23C)(iiiad)(society running school with fee less than 5CR only education purpose) then whether form 10BB ie audit report is mandatory or not in FY-2045-25.

Dear Sir / Madam,

Mr A sold a flat to Mr B & Mrs B for Rs. 1 Cr. Since there are 2 buyers, two Form 26QB are required to be filed.

There are two fields in Form 26QB
1) Total Value of Consideration (Property Value)
2) Total Amount Paid/ Credited to seller

What values to be mentioned for the above fields in case of each buyer?
Is it
1) In the first field - 1 Cr for each buyer or Rs. 50 lakhs for each buyer?
2) In the second field - Rs. 50 lakhs in each Form 26QB - right?

Kindly guide.
Thanks & Regards,
Suraj

Sir, the above name suggests that it is e-appeals scheme,2023, hence, it would not fall under faceless appeals schme. Am I correct ? What is the monitory limit for JCIT Appels?