Subhash suthar
This Query has 2 replies

This Query has 2 replies

Kya koi professional CA hai idhar jo mujhe bata sake ki 1 crore ki income ko kaise tax bhare abhi kisi ko hire nahi kar raha hu bas chating karni hai


Rahul Singh
This Query has 1 replies

This Query has 1 replies

Sir
AY 2025-26 Rectification filed on 24th April 2026 Received rectification order under section 154 on 13th May 2026 with demand which was paid immediately Now on 16th September 2026 same order which was processed with demand shows underprocess without my consent is it possible does the law gives power to CPC to do this kindly suggest


Manjunatha shetty M K
This Query has 1 replies

This Query has 1 replies

19 September 2026 at 15:37

Gift Received from nonblood relative

Dear Experts my friend is going to receive immovable property sale consideration value as per sub registrar is Rs.4800000/- (Stamp duty payable is around Rs.360000) here my query is my friend is included the stamp duty value or property value in his IT returns income from other sources. and what is the income tax applicability to the donor, Please clarify the same at the earliest. Thanks in advance.


Subhash suthar
This Query has 1 replies

This Query has 1 replies

17 September 2026 at 12:04

Experts need help

What proof or documents should I keep for my freelance income in the future so that I don’t receive any notice?


cfo sattva
This Query has 1 replies

This Query has 1 replies

17 September 2026 at 10:08

FTS Taxable under 115A

1.What are the exact conditions that must be satisfied for FTS to qualify for the 20% rate under Section 115A(1)(b)?
2.In particular, Section 115A refers to FTS received from Government/Indian concern in pursuance of an agreement and contains conditions regarding Central Government approval/industrial policy. Are these conditions applicable to every FTS payment?
3.If the conditions of Section 115A are not satisfied, what would be the correct TDS rate under Section 195 in a non-DTAA case?
4.What documents/forms are required to substantiate the 20% rate—Form 15CA/15CB, PAN, TRC, Form 10F, agreement, declarations, etc.?
5.Is Form 15CB mandatory for applying the 20% rate under Section 115A?


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

16 September 2026 at 12:11

Rental income gst and it purpose

Sir,
A person rental income yearly rs:25 lacs composition scheme registration
Old years 24 and 25 and 26 years rental income present year 26-27 received
Question:
Treatment of gst and it returns purpose rental income transaction


abhijit majumder
This Query has 2 replies

This Query has 2 replies

16 September 2026 at 11:46

Reopen of assessment proceeding

Sir
Recently Income Tax Authority issued notice related to U/s 143(2) related to Financial year 2012-13 AY 2013-14.
Can IT authority do this after expiry of 12 years. Is there any Limitation clause in IT act 1961?
Regards
Abhijit


cfo sattva
This Query has 2 replies

This Query has 2 replies

15 September 2026 at 11:14

TDS on Consultancy- Non DTAA

We have a Company Secretary who is a US Green Card holder and is providing consultancy services to our company.

The payment is being made to him in the USA and it is a non-DTAA case.

Under Section 195 of the Income-tax Act, at what rate should TDS be deducted on the consultancy fees paid to him?


pavel
This Query has 1 replies

This Query has 1 replies

1.My last year retrun that is for 31.03.2025 ( A.Y.2025-26) has been uploaded before due date that is on 31.07.2025 but e verification has been done now that is on 12.09.2026 and its showing invalid return also there was a tax payable of Rs.10k. Can anyone suggest what i can do. whether i have to pay the tax. is there any option to revise the return .

2. My this year return is filled on due date that is on 31.03.2026 can i use the condonation option for delay in e verification of return OR it will also be considered as invalid return . I need suggestion.


Avinash Jeevan Dsouza
This Query has 1 replies

This Query has 1 replies

A resident entity is purchasing land in India from a Non-Resident Indian (NRI).

The transaction/payment is proposed during FY 2026-27, i.e. after 01-04-2026, and therefore the provisions of the Income-tax Act, 2025 would apply.

I have the following queries:

Which section of the Income-tax Act, 2025 is applicable for TDS on purchase of immovable property from an NRI?
What should be selected under the "New Section" and "Section Code" while making the TDS payment?
The TDS portal is showing Section Code 1057 with a 30% rate. Is this the correct code for purchase of land from an NRI?
Is TDS required to be deducted at 30% on the entire sale consideration, or only on the taxable capital gain/income component?
If the NRI has held the land for more than 24 months and the transaction qualifies as Long-Term Capital Gain, what is the correct TDS rate under the new Act?
If the seller obtains a lower/nil deduction certificate, how should the TDS be handled?

Would appreciate guidance from members who have experience with NRI property transactions under the Income-tax Act, 2025, particularly regarding the correct section and section code to be selected on the TDS portal.






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