We have rented multiple warehouse in all over India.
We transported goods from warehouse to our distinct branches as well as out side customer in all over India.
Can ITC on rent routed through ISD Mechanism.
Pl. Guide

We are evaluating the accounting classification (Ind AS 32) for a proposed investment structured as Optionally Convertible Redeemable Preference Shares (OCRPS) with the following key terms:

If the Company raises additional USD 30 million before 31-Mar-2029, the OCRPS will be converted into ordinary shares.

Until conversion, the instrument carries 15% p.a. compounded return, which will be converted into equity.

If the conversion does not happen by 31-Mar-2029, investors will have the following rights:

Put Option – Investor can demand repayment (Accrued Amount)

Drag Along Right – Can force sale of shares

Quarterly cash dividend payout, or

Conversion into a 5-year loan

Management expects the additional USD 30 million funding to be raised within the next 4–5 months, leading to conversion into equity.

Query:

In this scenario, should the OCRPS be classified as:

Equity,

Compound Instrument, or

Financial Liability

considering:

the presence of contingent redemption/put options, and

the expectation of near-term conversion?

Sir.
Due to medical treatment of owner, unable to pay advance tax Q4 with in the mar 26.
Let's me know if paid with in Mar 31, is there any benefit with in respect of interest.
Please advise.
Binu

In case of the buyer deducted TDS on the sale consideration and deposited the same .Subsequently, the transaction was cancelled, and the consideration amount was refunded to the buyer by the seller.
1.Whether the TDS deposited under Section 194-IA can be claimed as a refund in such circumstances.
2.Whether the refund should be claimed by the deductor (buyer) or the deductee (seller).
3.The appropriate procedure to claim such refund, including any rectification or correction in Form 26QB.

I file nil return as I don't have any transitions related to GST. This time for February 2026 I can see some entry coming under eligible ITC Central Tax Rs 26.25 and State/UT Tax Rs 26.25. I have not done any sale or purchase. Which is not letting me file nil return. Please suggest wayforward.

Dear Sir,
In Factory Modification in Factory Builing Materials used Bills GST CREDIT ALLOWED (Like MS Steel Like I BEAM CHHANLE , Cement & Blocks etc.)
Let me clear all these ITC Availed or not.

sir,
A partnership firm remenuration and interest paid to two partners.
Question:
tds provision applicable on remenuration and interest f.y.25-26 .

If we file ITR-5 instead of ITR-7 in FY 2023-24 and report an income of ₹12,000, a demand is raised. Is there any way to avoid paying this demand, considering that we had provisional 12A registration for that year?

Sir/Madam, we had certain expenses disallowed during FY 2017–18 and FY 2018–19. We subsequently filed an appeal and received a favorable order. However, the refund has not yet been received. Kindly guide us on the procedure to obtain the pending refund.

Hello All,

Have entered into an agreement with a buyer to sell my apartment jointly owned by me and my wife. The agreement done on 20th Feb is not registered but was mutually agreed to be completed in 30 days.

The only thing i am particular was to complete the sale deed registration before this Financial year 31st March 2026.

The buyer (he is actually known to me) says he actually wanted to complete the sale before 15th March as somebody says it is not auspicious to complete sale in month "Phalgun"?

Now there is some delay in his loan processing and some EC Index correction (minor detail in Encumbrance is typed wrong due to data conversion but sale deed is clear ) , which would mostly be done in a 1-2 days.

Buyer says he can make his part of payment this Month ,by issuing two cheques in the names both of us, and the loan part will given in a bankers cheque only to a single name at the time of Registration.

( received an answer earlier from an expert that there is no Capital Gains in this sale)

I would like to know what are the Tax implications , ITR filing issues (or any other issues )
a) if i received his payment part and Bank Loan part in March and Sale deed registered in March itself.
b) if i received his payment part in March and the Bank Loan part in April and Sale deed is registered in April.

Thanks