Vinay Hirakki
This Query has 1 replies

This Query has 1 replies

Hello All,

I purchased an under construction flat in 2019 and paid stamp duty in December 2019 and got it registered to my name in 2019 itself but i received possession of that flat in 2025. So if i sell that flat in 2025, do i need to pay short term capital gains tax or long term capital gains tax


Uday Kumar
This Query has 3 replies

This Query has 3 replies

sir
i want to know that -- i am purchasing under construction flat and builder is asking Rs 60000/- for transformer of our building so want to know whether TDS to be deducted on Rs 60000/- thousand or not
Thanks


Chandra Kala
This Query has 1 replies

This Query has 1 replies


1. Demand raised by the Assessing Officer was appealed.
2. Subsequently, assessee paid the said demand amount as per Vivad se vishwas scheme 2024 by withdrawing appeal.
3. In such a case, whether PCIT can enhance the demand of tax with plea that there is a wrong calculation in Assessment order passed by Assessing Officer which was appealed and withdrawn and paid the tax in the scheme Vivd se vishwas scheme?


Gopalakrishnan V
This Query has 1 replies

This Query has 1 replies

17 April 2025 at 17:29

Advt Expenses

Huge expenditure spent on advertisement for opening a new branch, can it be shown as deferred revenue expenditure, as the benefit of spending will be spread over years?


Jacob Abraham
This Query has 1 replies

This Query has 1 replies

Is there any issue if we do not book interest and salary for working partners to adjust the profit? This year, we are in a loss and do not want to book interest and/or salary for partners.

Is it allowed?
Are there any formalities to follow for the same?


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

IS 12 lakh exemption applicable to HUF and partnership firm for F.Y. 2025-26?


Chartered Accountant
This Query has 1 replies

This Query has 1 replies

17 April 2025 at 11:29

Reposting my query kindly reply.

Q.1 A commission agent dealing in the sale of land, being immovable property and providing services to UNREGISTERED PERSON, is he liable for taking compulsory registration even if turnover is below 20 Lakhs?
This question arises in terms of the definition of " Agent" under Section 2[5], under Section 7 and Entry No. 5 of the Schedule III, who is supposed to deal only in goods or services. Land, not being goods, is it sustainable to demand GST on such commission? Please clarify.

Q.2 Can commission agent of land take the full value of consideration firstly in his account, then deduct his commission & then further transfer the balance amount to original owner of land, what will be treated as turnover of the agent then?


Divyesh Ajmera
This Query has 1 replies

This Query has 1 replies

16 April 2025 at 15:05

Regarding TDS liability ....

If assessee engage in transport activities and have transport income then liability to deduct TDS is arise against Freight expenses?


Mahabir Prasad Agarwal
This Query has 1 replies

This Query has 1 replies

16 April 2025 at 13:30

ITR for AY 2025-26

Whether new ITR form for AY 2025-26 has been published ?


Tanguturi Babbu
This Query has 1 replies

This Query has 1 replies

16 April 2025 at 10:58

Section 192 2B

T_FV_6364 Value to be provided is Mandatory from Financial year 202425. why is this error any one has idea about this?





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