Dear Experts

I'd like to know if the money received as Corona Stimulus Economic Package from the US is taxable in India or not. Per the IRS it is tax free in the US. Schedule FSI doesnt have a relevant head to include this deposit under hence not included for many years.

Per the internet

Treated as a Non-Taxable Relief Grant (Not Income) -

Under the Indian Income-tax Act, a receipt is only taxable if it falls under the specific definition of "income" (such as salary, business profits, capital gains, or other regular streams).

The COVID-19 stimulus payment from the U.S. Treasury is a social benefit or disaster relief grant. It does not arise from any service rendered, employment, or investment activity in India, making it a capital receipt/personal relief aid rather than income.

Classified as a Government Aid -

In general tax principles, personal transfers or government aid given as financial relief do not qualify as taxable commercial or professional receipts.

Even though resident Indians are technically taxed on global income, statutory relief grants meant for public welfare do not possess the character of earned income or commercial revenue, meaning they are excluded from taxable computation under the Income Tax Department of India

Furthermore, the reason for asking this is because the user is interested in applying for the FAST-DS 2026 scheme.

1. The asset being declared under this scheme is a US bank a/c under Cat B (flat fee) route

2. The requiement for this bank a/c is 'Sum of ALL deposits'. The bank a/c was opened while NRI for salary

3. All the deposits in the users account was income that was taxed in the US. Upon becoming a resident, the US Treas deposited Corona Relief stimulus

4. Will this Corona stimulus be considered taxable or tax exempt during the FAST-DS 2026 filing

I am grateful for your expertise and response in advance

Sincerely

Mohan

My actual TDS amount is 9695 rupees. By mistake I paid amount 9635 rupees within due date (10th Nov 2025) through FORM 26QB. I shall pay now remaining amount 60 rupees. How should I fill up FORM 26QB so that I can say, I already paid 9635 rupees?

Sir/Mam,

Actually RCM @ 5% on Hamali Charges, Transport charges, Unloading charges we take ITC Or not

Please Explain RCM Rules as per GST Returns filing

Thanking you,

Opening valance of DTL 195731.00. current year closing wdv as per companies act 34,95,400.00 and IT act 2771830.00. Whatwill be the closing figure ? will it be DTL or DTA. someone calculated closing DTL as 7603.00 (195731- (3495400.00 -2771830.00)*26%). Is it corret method? pl. help with calculation.

Audit report of LLP having turnover of above Rs.40L was completed and audit report was drafted in September 2025 for fy 24-25
However as auditor I forgot to generate UDIN for the same
Now the report needs to be submitted to one agency

What can be done to rectify the error now for not generating UDIN

Hello,
I am looking for recommendations for experienced CA from Kolkata who have a track record of accurate balance sheet,PnL preparation and ITR 3 filing for FnO trading for individual trader by working online for document acceptance and communication. They should be transparent in disclosing their registration number and CoP. I will be obliged if anyone has any recommendations.

Sir
Greetings
Can I get clarification as to whether the Banks need to report interest details in Form 168 even if no TDS is deducted?
The present Form 168 has a separate table for reporting interest details when the customer submits Form 121. Moreover, the Banks earlier were reporting interest paid during the year in Q4 reporting, even when no TDS was deducted.
Thank you
Chari

I have sold goods of more then 77 lakhs by gst invoice in August 2026. Do I require deduction of tds from the party? Please clarify conditions for deduction of tds as sales were made from my gst proprietorship registered form??

Dear Sir/Madam,

I seek your expert advice regarding a tax demand of ₹4,650 raised by the Income Tax Department under Section 143(1) for AY 2026-27.

The relevant facts are as follows:

1.I was employed in the UAE from 3 March 2025 to 7 March 2026.
2.I was physically outside India throughout FY 2025-26. My passport records support this.
3.The entire salary income of ₹4,88,832 reported in my ITR relates to my UAE employment.
4.0I was treated as Non-Resident in the ITR, and the same residential status appears in the Section 143(1) intimation.
5.The CPC has included the entire ₹4,88,832 as taxable salary and calculated total tax liability of ₹4,657, against which only ₹4 TDS credit has been allowed, resulting in a demand of ₹4,650.
6.No interest or late-filing fee has been charged.
7.The salary was credited to my Indian bank account.

I would particularly like your advice on the following:

Whether the UAE salary of ₹4,88,832 is taxable in India, considering my Non-Resident status and the fact that the employment was performed entirely in the UAE.
Whether the fact that the salary was credited directly to an Indian bank account changes its taxability.
Whether the India-UAE DTAA, particularly the provisions relating to employment income, provides any relief.
Whether the amount should have been reported differently in ITR-2, such as under Schedule EI/FSI/TR or another appropriate schedule, if applicable.
Whether there is a valid and strong case for filing a Section 154 rectification request against the 143(1) intimation.
If rectification is appropriate, what exact correction should be made, and what documents/evidence should be submitted?
Should the ₹4,650 demand be paid while rectification is pending?
I would appreciate your professional opinion on the correct tax treatment and the appropriate course of action.

Kind regards,
Yousuf

I had purchased an under construction property jointly with my wife in 2021 and which will be fully financed by me. I have paid the TDS on the booking amount paid to the builder in 2021 and subsequent instalment in 2022. Both tds were filed with my pan. Now in Form 141 for third instalment I see option to put share for each buyer and last tds receipt details. How should I fill it for my wife, since earlier two TDS were completely paid by me. Please guide.

Also should it be paid 50-50 in this case or can I put myself as 100% share in form 141 and submit