An educational trust is having 12a registration . For ay 23-24 it is having excess of income over expenditure od Rs 10 laks. The trust filed form 10 with a delay of 260 days. The trust received intimation disallowing the excess and levied tax for not submitting the resolution and bank statement under section 11(5). CIT exemptions rejected delay condonation petition. Can it be contested in an appeal. Is the appeal to be filed before ITAT. I Request the experts to throw some light in this issue

Hi, my father sold his property in Nov'23, this property was located in Meerut, UP. He migrated to Mumbai. He deposited the capital gains in capital gains account with PNB at Mumbai in Jul'24 (before filing the income tax). He showed the deposit of CG and exemption from LTCG in ITR-2 under section 54 with filing of AY24-25.

We purchased a new property in Mumbai in Sep'24 (in joint names of me, my father and my wife) and utilized all the deposited capital gains at PNB.

I have following queries if someone can help me with -

1. How do we show this purchase and utilization of capital gains in ITR filing of AY25-26
2. Bank is asking us for FORM -G signed by AO for capital gain account closure. My father's AO is still showing in Meerut as per IT website while his address in PAN, Aadhar has been changed to Mumbai. Do we need to go to Meerut to get the form-g signed or do we need to change the jurisdiction first? I believe changing the jurisdiction is extremely cumbersome process, Is there an alternate way to do this compliance and close the loop?
3. Is there a deadline to close the capital gain account with bank after purchase of property?

I'd be grateful for the answers. Thanks.

i have filed my IT return for financial year 2022-23 in ITR-4 in old regima, next year i.e. 2023-24 in ITR-1 old regima, while filing this year old regima ( 2024-25 ) in ITR-4 it required 10IEA permison. if i obtained 10IEA permsion is it any problem for next financial year i.e. 2025-26 to shift new regima.

Respected sir,
i have uploaded 1 invoice in gstr-1which is b2c but by mistake i put gst no wrongly and upload the same and filed gstr-1.please advice how to move this invoice from b2b to b2c
with thanks

Dear Sir / Madam,

Mr A approached to file his income tax return for FY 2024-25 for the first time. His income includes Interest income, STCG, LTCG and Futures & options. When last year's ITR was checked, it was found that his personal assets, including flats and fixed deposits, were disclosed along with F&O-related data. Due to this, his capital became much bigger, in crores.

I understand that his business-related data only should have been disclosed instead of all his assets & liabilities. His business capital is just a few lakhs.

So, while filing his ITR for FY 2024-25, can his ITR be filed with business details only, removing personal assets from his entire balance sheet? He is also not maintaining all his personal data properly. So, his earlier crores of capital will be seen in lakhs of rupees only. Will this create any problems or any scrutiny?

For financial year 23-24 the business code 14005 was available in ITR3 but for financial year 24-25 this code is not listed in ITR3, expert guidance is required regarding which code should be opted for FY 24-25 in case this code 14005 is not available. Please guide.

Dear Friends,


ABC Pvt. Ltd. has obtained the gst registration at a particular location in Noida(sector 1). Later on it has started storing some stock of FG and RM at a different premises in Noida (say sector 2) The premises is owned by a company under the same management. I have the following queries. Please advise.

1. Is ABC Pvt. Ltd. required to get a seperate registration for the the premises in sctor 2 where it is at present keeping stock or receives RM/FG stocks. OR it needs to add the sector 2 premises in the existing RC(sector 1_as a warehouse.

2. What documents it needs to submit for addition of sector 2 in in the existing RC as the place is not owned or taken on rent as of now.

3. Does the company needs to mention in rent agreement the purpose of warehouse /storage in the rent agreement(if ABC Pvt. Ltd. required to enter into a rent agreement with the owner co.). If the rent agreement is made the use of premises as a corporate/correspondence address, will that be ok for additing sector 2 premises in the existing RC of GST in Noida.

Thanks & Regards

PC Joshi

I have filed 5 return in AY 2023-24 Original return in which I claim political donation After that I revised return without political donation and paid tax Revised return is processed with demand So I did file rectification where again demand came which is paid then I file updated return which is invalid Again I file rectification which is rejected In original return I claim political donation which is nullified by department as Another return fileIn other 4 return no political donation is cliamed Repeated msg are coming for political donation

My company is PVT LTD company & My NP ( Net Profit ) for the year FY 24-25 is 7 CR including income other then business income.
Out of which other income includes capital gain is 3 CR & Keyman insurance income ( One time income ) is 2 CR.
Shall we applicable for CSR liability?
What are the calculation for the same?

My FNO Turnover in F.Y 2024-25 is 54,866/-. FNO Loss is 5,301/- and FNO Expenditure is 2,566.82/-
My query is:
1.Whether you are liable to maintain books of accounts under section 44AA should be yes or no?
2.If yes what amount will be shown in balance sheet and profit and loss account in ITR3?
3.Where to show FNO Turnover, FNO Loss and FNO Expenditure in ITR3?