Manjunatha shetty M K
This Query has 1 replies

This Query has 1 replies

19 September 2026 at 15:37

Gift Received from nonblood relative

Dear Experts my friend is going to receive immovable property sale consideration value as per sub registrar is Rs.4800000/- (Stamp duty payable is around Rs.360000) here my query is my friend is included the stamp duty value or property value in his IT returns income from other sources. and what is the income tax applicability to the donor, Please clarify the same at the earliest. Thanks in advance.


Viral
This Query has 1 replies

This Query has 1 replies

Dear Sir,
Pls clarify that in case of Expor Invoice Under LUT can Freight Charge added in invoice is liable to GST ?


Javed Memon
This Query has 1 replies

This Query has 1 replies


A proprietorship is engaged in transportation business and owns 8 heavy goods vehicles, each having 25-ton GVW, owned throughout the year.

Turnover: ₹3.50 crore

100% receipts through digital/banking channels

Profit declared: 3% = ₹10.50 lakh

44AE presumptive income: 8 × 25 tons × ₹1,000 × 12 months = ₹24 lakh

Since the assessee declares income lower than the amount prescribed u/s 44AE, is tax audit u/s 44AB(c) mandatory?

Also, considering that turnover is below ₹10 crore and cash receipts/payments are within 5%, would 44AB(a) apply, or is 44AB(c) the correct clause?


Subhash suthar
This Query has 1 replies

This Query has 1 replies

17 September 2026 at 12:04

Experts need help

What proof or documents should I keep for my freelance income in the future so that I don’t receive any notice?


cfo sattva
This Query has 1 replies

This Query has 1 replies

17 September 2026 at 10:08

FTS Taxable under 115A

1.What are the exact conditions that must be satisfied for FTS to qualify for the 20% rate under Section 115A(1)(b)?
2.In particular, Section 115A refers to FTS received from Government/Indian concern in pursuance of an agreement and contains conditions regarding Central Government approval/industrial policy. Are these conditions applicable to every FTS payment?
3.If the conditions of Section 115A are not satisfied, what would be the correct TDS rate under Section 195 in a non-DTAA case?
4.What documents/forms are required to substantiate the 20% rate—Form 15CA/15CB, PAN, TRC, Form 10F, agreement, declarations, etc.?
5.Is Form 15CB mandatory for applying the 20% rate under Section 115A?


Viral
This Query has 1 replies

This Query has 1 replies

Dear Sir,
Please, advice to me for
It can be possible to Make Export Material Commercial Invoice different and Freight Charge distinct invoice.


ARVIND KUMAR
This Query has 1 replies

This Query has 1 replies

16 September 2026 at 15:34

EPF FULL & FINAL RULES IN 2026



EPF full final rules waiting time period


Kollipara Sundaraiah online
This Query has 1 replies

This Query has 1 replies

16 September 2026 at 12:11

Rental income gst and it purpose

Sir,
A person rental income yearly rs:25 lacs composition scheme registration
Old years 24 and 25 and 26 years rental income present year 26-27 received
Question:
Treatment of gst and it returns purpose rental income transaction


abhijit majumder
This Query has 2 replies

This Query has 2 replies

16 September 2026 at 11:46

Reopen of assessment proceeding

Sir
Recently Income Tax Authority issued notice related to U/s 143(2) related to Financial year 2012-13 AY 2013-14.
Can IT authority do this after expiry of 12 years. Is there any Limitation clause in IT act 1961?
Regards
Abhijit


cfo sattva
This Query has 2 replies

This Query has 2 replies

15 September 2026 at 11:14

TDS on Consultancy- Non DTAA

We have a Company Secretary who is a US Green Card holder and is providing consultancy services to our company.

The payment is being made to him in the USA and it is a non-DTAA case.

Under Section 195 of the Income-tax Act, at what rate should TDS be deducted on the consultancy fees paid to him?






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