lingam

Dear sir,

Please confirm GST rate is 12% or 18% transporter given commercial vehicle on monthly hiring basis for transportation of goods.

Thanks and regards
Lingam


rmalhotra
03 August 2025 at 09:17

Error while filing ITR3 AY2025-26

Sir,
If I report PPF exempted Interest with its description in " Any Other Income " field of Schedule EI then first Validation is done with " No error found " (Green GO). But after Preview it gives following error and does not proceed further.
- [#/ITR/ITR3/ScheduleEI/Other sinc:required key [Natureof DescDivName] with suggestion Please contact the developer of your utility with error key.
Now query is as under:
1. Is it Ok to report amount of ppf interest in first field of Schedule EI against Interest Income. (But it does not allow any description for its nature.)
2.Should PPF Exempted Interest Income to be reported in "Any Other " head with its description OR in Ist field of Interest (Schedule EI) against Interest income.
Pls help to resolve the issue.


Praveet
02 August 2025 at 22:15

Filing ITR U

Can an individual who follows section Sec 10(26) Any income as referred to in section 10(26)
file income tax for FY 23-24?


Kinjal Bhadra

If tax payer opt old tax regime by filling 10IEA form in 2024-25 but in current assesment year he want to opt new tax regime, is he liable for filling 10IEA for entertaining into the New tax regime?


Suresh S. Tejwani

If any assesse has opted for Old tax regime in the previous financial year and wants to opt new tax regime in current financial year then whether assesse have to file any form online?


Deepak Jain Salecha

PLEASE ADVICE ON TAXABILITY OF STATE INSURANCE MATURITY RECEIPTS BY RAJASTHAN GOVERNMENT EMPLOYEE ON RETIREMENT ? IF EXEMPT, UNDER WHICH SECTION ?


Kunal Kumar Jha

Respected Sir/Madam,
I am CA Kunal Kumar Jha (Membership No. 516948), and I am seeking clarification regarding the applicability of the Guidance Note on Financial Statements of Non-Corporate Entities issued by the Institute.
My specific query is whether the above-mentioned Guidance Note is applicable in the following cases:
1. Educational institutions such as schools and colleges that are run under a registered trust /Society and whose income is exempt under the Income Tax Act, 1961.
2. NGOs operating under a registered trust /Society, where the main source of income is grants received from funding agencies (including FCRA grants), and such grants are utilized in accordance with the specific directions of the respective funding agencies.
I request you to kindly guide us on whether the Guidance Note is applicable to the entities mentioned above.
Thanking you,


Nidhi Kanabar
02 August 2025 at 15:53

TAX AUDIt us 44AB

hiii
commission income is 55,000 and depriciation is 32000, other business expenses is 76000, tax audit is required???


Daisy Jones

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RAKESH SHARMA
02 August 2025 at 12:45

ALIMONY AND MAINTENANCE CHARGES

i Sharmila got divorce during Financial Year 2024-25 on following conditions :-
a) One House was bought by my husband in my name on loan and EMI was of Rs. 43000 per month and the terms were agreed that Mr. Husband shall transfer 70000/- per month to my account out of which 43000/- shall be transferred to bank as EMI and rest Rs. 27000/- shall be against monthly alimony and maintenace charges. It is pertinent to mention here that we have no child and all the amount received is for my own purpose.

There is no other term on which settlement has been decided to receive alimony





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