Hello Sir/Madam,

I have a newly registered proprietorship Export business (Merchant Exporter). My estimated annual turnover is below 1 Cr. for FY2025-26.
I have some invoices of freight forwarder, Shipping lines and professionals to pay. I want to know whether I need to take a TAN number and deduct the TDS, is it mandatory for me or an option only.
Please guide me accordingly.
Thanks

HII!!!
assesse has capital gain of RS. 5.5 CR in mutual fund, sale consideration of RS. 18CR .
1. assessee has purchase house property of 11CR, by taking loan of RS. 8CR
2. assess has one residential property where she is residing.
assess has another residential property which is use by the partnership firm where assessee is the partner.
no other property other than above own by assessee.

can assess claim exemption under section 54F???

TDS of ₹70,000 has been deducted and deposited under Section 194-IA during the Financial Year 2024–25 (A.Y. 2025–26) against part payment received for sale of property. However, the sale deed has been executed in the subsequent Financial Year 2025–26 (A.Y. 2026–27).

Kindly clarify the correct treatment in the Income Tax Return — whether the TDS entry should be completely deleted from A.Y. 2025–26 and manually entered in A.Y. 2026–27, or whether it should be retained in A.Y. 2025–26 with NIL corresponding income and a note stating that the TDS credit of ₹70,000 is being carried forward to the next assessment year as per Rule 37BA(3) of the Income-tax Rules, 1962.

We’re in the business of Selling Machinery, such as ACE Backhoe Loader and other motorised machinery (HSN 84295900). Whether TCS under Section 206C(1F) would be applicable on such sales, considering these as motor vehicles?

one client is doing event management business and makng fabrication stall for clients. client have received business receipt of RS. 2,45,00,000 under 194C tds. and Rs. 10 lac received receipt under 194JB tds. all transaction of business done through online mode. CAN we show all receipt 2,45,00,000 and 10,00,000 in 44ad and file ITR-4?

“My crypto trading volume is very high (around $16,000 daily), but my actual income is only about $400 per month. I mainly trade to generate volume for earning airdrops. In this case, is it still mandatory to pay 1% TDS on every trade, or is paying 30% tax on actual profit sufficient? The TDS can go up to $4,800, which is impossible to pay.”

If payment made to foreign hotel then 15CA required to file or not??

Dear Experts,

The assessee who was a partner in a firm and having his own business filed his return 0n 30/08/2028 for AY 2018-19 declaring business loss and the same was processed by the department on 30.09.2018.
The assessee has filed his return for AY 2023-24 and claimed setoff of business loss against his income for that year. The return was processed u/s. 143(1) and later on CPC issued notice to rectify the order stating the setoff allowed during the year was erroneous as return for AY 2019-20 was filed beyond due date. ( Due to technical glitch in software utility of the Department, loss was shown against AY 2019-20 instead AY 2018-19 in the prefilled data). The assessee responded to the said notice but department has issued order u/s. 154 disallowing setoff of loss without mentioning whether the response was considered or not.
I have following questions:
1. Can the officer deny benefit of setting of business loss which was assessed u/s 143 (1) for AY 2018-19 in the AY 2023-24 without rectifying the intimation u/s. 143 (1) of the original order for AY 2018-19 irrespective of whether return was filed beyond time limit u/s. 139?
2. As AY 2018-19 is time barred for rectification u/s. 154, isn't the Officer erred in denying setoff in AY 2023-24, even if the original return was filed beyond time limit but assessed as one filed in time and loss allowed to carry forward?
3. Is it mandatory to file returns for subsequent years in time u/s 139 to claim set off of assessed loss in earlier year?
How to approach the department against the order passed u/s. 154 for AY 2023-24? can we simply move application u/s. 154 stating that the assessed loss can not be denied to be setoff even if the return for AY 2018-19 was not filed in time but processed as filed u/s. 139 and the same is time barred now for rectification?
Please guide.

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 ?