ARUN GUPTA

We received advance money of Rs3 lakhs by a party but party did not gave us balance 2 lakhs rupees. We forfeited the party's amount.how will we show in income tax? Is any gst payable on the forfeited amount although no supply of goods was made by us to the party? Please advise?


P.Madhivadhanan
23 September 2025 at 21:12

Alimony receipts

Money received by wife from husband through her mother in law by out of court settlement and it is shown as evidence in court as a settlement and the proof to be given to the court. The amount received by wife is taxable or not and the money is deposited by her mother in law in Bank whether that amount is TDS deductible?


Venkateshwarlu Pulluri

sir/s, from 22nd September onwards government removed cess on coal and increased gst rate, but plenty of stock held in trade and cess was paid on inward supplies, and there is credit balance of cess,

how to utilize said cess credit balance, can we cross utilize against I/C/S/GST Liability or claim refund, kindly inform


K Rajan
23 September 2025 at 19:00

TDS - Form 26 QB

My friend is buying a house property for Rs. 85 lakhs. While making the payment to the seller he has to deduct Rs. 85,000/- as TDS. In this regard, shall I prepare Form 26 QB and remit the TDS amount.


Prashant

A Plot purchased by Taxable person's forefather and lastly transferred property on his name by his father
As property was purchased before 2001, how to calculate FMV @ 2001 to calculate indexation property.


ila
23 September 2025 at 16:28

Udin.icai

While generating udin . There is a question whether auditors opiinion applucable two option no and yes
When to select no
When to select yes


Panna Raj S

Kindly provide AMT treatment in case Partnership Firm in Books of Accounts and in Financial Statements


CD SHARMA

I have transfered 9.99 lacs through rtgs to my son account as a gift.
1. Whether gift deed is mandatory
2. Making gift deed on plain paper is sufficient and meet legal requirement.


Yasmen

My company (Government of India Enterprise) issued a civil construction work order (composite in nature) with 18% GST on the M/s ABC ltd , in the bill of quantity (BOQ) items cement is one of the major item of the one composite item , whether my company is eligible for any input tax credit where the GST rates cut down


MONIKA KHANNA
22 September 2025 at 17:53

Brokerage on sale of flat

My client is selling a flat which is jointly owned by 3 individuals. He has to pay brokerage of 1.9 lacs jointly. Does he have to deduct tds .





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