niki

Hi,

We are purchasing a flat in Mumbai for which we have entered into an "Agreement for Sale" with the seller. We have paid stamp duty on the "agreement for sale" as per market value and registered the agreement after paying registration fees of Rs. 30,000/-.
Now we have paid the entire consideration to the seller and taken possesion of the flat and now we are making the "Sale Deed" for this property.
What is the amount of stamp duty now payable of this "Sale deed" since we have already paid SD as per MV on agreement ?
Also what is amount of registration fees now payable for registrering this sale deed as we have already Rs. 30k on the agreement.

Thanks
Niki


Shantanu Bose

Dear Sir,
I had applied for the SME IPO of Parameshwar Metals in the HNI category, my application amount was 19,52,0000 as I applied for 16 lots (1 lot=2000 shares, price 61/share) but was not allocated any shares. Still it is being displayed in my Annual Information Statement and it is adding up to the buy column in the TIS (Tax Information Summary). If this thing goes on like this for other IPOs as well,then buy column total would become in several crores.

My question is, that even though I was not allocated any shares(had applied via ASBA), why is this being reported to the AIS and increasing compliance for us?
Is this legitimate or should we mark any feedback for this in AIS ? Gross amount received and Gross amount paid cancels out each other anyway. It was not the case in previous financial years.


Rahul Singh
05 June 2025 at 19:24

Validity of Rectification

Rectification got rejected with reason Rectification cannot be taken and hence rejected Rectification is taken as suo moto if no data correction is required Taxpayer is requested to file rectification under return data correction if data needs to be changed there is no apparent mistake in order which is sought to be rectified AY 2023-24
1.Does original order on which rectification is filed stands valid or not


RAKESH YADAV

Dear Sir, Madam,
I have 1 received bill taxable amount to 20000/- on date 05.05.25, and second bill received same amount on 05.06.25, for repair & maintenance for machine, now we will not receive any bill from this supplier. Should TDS be deducted for this supplier or not? if yes what rate of TDS i have to deduct.

Thank in advance.


shree deepika

I am currently doing BCOM along with CS. I would like to study further, which can add value to CS. So, what option would be better, CS+LLB or CS+MBL?


PARDEEP KAPIL
05 June 2025 at 16:07

LTCG on sale of house proceeds

Dear Sirs : One of my cliend purchased residential plot on June 2019 for Rs.28 lakhs and selling now for Rs.1.80 crores. As per new tax regime LTCG is Rs.1,52,00,000. Now he buys new property for Rs.50 lakhs and invest in bonds (lock in period) Rs.50 lakhs. Balance LTCG is now Rs.52 lakhs. My query is that can use the balance Rs.52 lakhs for other personal purposes, gifts etc after paying income tax of 12.5 % on Rs.52 lakhs... Kind regards


satish kumar Chauhan
05 June 2025 at 14:26

RCM invoice deatil in GSTR-1

R/experts

We have issued Single Invoice for RCM payble on GTA service received during the Month on last date of Month. and make the payment to GTAs, GR wise on various date through Bank or Cash.

Our query is RCM self invoice to shown in which table of document table of GSTR-1 ?

Thanks


Luciana Max

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Shantanu Bose
05 June 2025 at 13:26

Old tax regime for ITR 3

Dear Sir,
I'm filing ITR for first time for AY 25-26 and I've to file ITR 3. Since new regime is the default regime, can I still opt for old regime as I've substantial 80C deduction which I want to claim to reduce my taxes ?

Thanks


Mahabir Prasad Agarwal

One of my client issues Cash memos against counter sales and Tax Invoices against B2B sales. Both having different serial number. Whether he is entitled to do so ?






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