If a taxpayer having income from business or profession has opted for the old tax regime for the Financial Year 2024-25, he shall be allowed to switch to the new tax regime for the Financial Year 2025-26 only once. However, once the new tax regime is opted, he shall not be eligible to switch back to the old regime in any subsequent year, unless the business or professional income ceases to exist. is this correct??

Dear Members,
Make-up and Hair Styling expenses incurred to a Actresses, can it be claimed as ITC
Is it eligible? because she uses it for her films and promotion events
Please reply its urgent

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Sir, I am a defence pensioner and have some capital gain against stock sell. When I am proceeding to fill schedule salary , I am not able to fill
Pension amount not the column is pre Please suggest how to proceed.


P

My friend is Govt. pleader who has received professional fees for representing govt.. TDS was deducted u/s.194JB. now, whether he has to file ITR 3 or ITR 4? can he opt for presumptive taxation ? please advice. thanks a lot.

Whether TDS u/s 194Q is applicable for issuance of Privilege Vouchers which will be redeemed later on in the retail stores. At the time of accepting payment against Privilege Vouchers the sale proceeds not completed. In this scenario the supply of goods not ascertained. So our specific query whether TDS u/s 194Q is applicable at the time of acceptance of money as advance ?

SIR MY QUARY I RECEIVED COMMISSION FROM INSURANCE RS.20 LACS CAN I PROFIT SHOWING 7 LACS OR NOT

GST TDS is applicable on purchase of metal scrap on taxable value of more than 250000, In case of Credit note of metal scrap issued by supplier which consequences are applicable for deducting GST TDS ? Is less than 250000 credit note taxable value consider under GST TDS ?

If tax payer opt new tax regime in privious year and opt old tax regime through filing 10iea in current assesment year due to his deductions...
Can he opt new tax regime in next year?

Dear Members,
I have reversed ITC for F.Y. 2024-25 in GSTR 3B in table 4) B) 2 Others since, i do not have invoice for a particular month i.e. My ITC is transferred to electronic reclaimable ledger, my query is till when can i reclaim it GSTR 3B? 30th November 2025 or even after that?