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My question is
Do we need collect tcs if we sell our old ginning machinery as scrap ??
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If the tax demand has been fully paid, but the interest amount was not paid, can the refund arising in the subsequent financial year be adjusted against the outstanding interest liability, or will the refund be credited to the taxpayer's bank account?
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I can see an entry given by HDFC bank, as SFT 005
it is like I open a 48 lakh TD and got back 68 lakh within same year,
how can hdfc give 20 lakh interest in one year, it is like hdfc started paying 20-30 % interest.
this entry looks huge and bizar, but there is no entry for my FnO turn over,
I am confused if it is some how linked with FnO turn over but reported incorrectly
I also confused because I keep doing FD and pre-mature liquidation but still such a huge interest is beyond my understanding
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Trust registered u/s 12A sold Equity mutual fund for Rs.10 lakhs on 25.03.2026 which was purchased on 12.1.2022 out of corpus fund for Rs6,00,000.
On 25.03.2026 Trust purchased another Mutual fund for Rs.10,00,000 ( means net consideration on sale of mutual fund was reinvested )
ITR 7 It was entered as followes:
Schedule AI – Sl. No. 8
Income other than Donation referred in Sec. 10, 11 & 12
Net consideration on transfer of Capital asset 10,00,000
Schedule A – Sl. No. 11
A. Expenditure of the trust/institution:
- Cost of new asset [to claim Exemption u/s 11(1A)] 10,00,000
My question is, is it needs to be entered in Capital gain Schedule also ? if entered in capital gain schedule it is showing as taxable income but in fact it is not taxable as it is reinvested in another capital asset please answer
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A Person Wants to transfer Rs 50 Crore In Newly Set Up Trust. What is tha tax treatment of this amount in trust itr
Trust has no 80 G Registration
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A&B ARE PARTNERS IN PARNERSHIP FIRM AND HAS COMPLETED NURSING COURSE THROUGH MEDICAL PARA DEPARTMENT. THEY COLLECTED BLOOD SAMPLE AT RS. 100 AND SEND IT TO LABORATORY AT RS. 70. LABORATORY REPORT ISSUED CONTAINED NAME OF PATIENT. WHETHER SERVICE PROVIDED BY A & B ARE TAXABLE UNDER GST OR NOT?
WHAT IS THE TREATMENT IF A & B ARE NON-MEDICAL STAFF??
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What is GST rate on bakery items registered under composition scheme.
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After Submitted TDS Return Q1,2026 (From No. 140)(Previous Name Form 26Q) Department issue Intimation U/s 399 for (Short Deduction +Interest on Late payment) DEMAND Rs. 5020.00 .
Now My Question is NEW TRACE WEBSITE where I see this above demand & after demand paid how I shall Clear is demand by online or offline.
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SIR
I HAVE FILED ITR-4 FOR AY 2026-27 BUT I DONT KNOW AS UPON WHICH OTP GOES WHILE E-VERIFYING THE INCOME TAX RETURN. PLEASE LET ME KNOW HOW TO TRACE THE MOBILE NUMBER AS UPON WHICH OTP GOES.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
TCS ON SALE OF GINNING MACHINERY AS SCRAP