raghavendra b
This Query has 5 replies

This Query has 5 replies

DEAR SIR,

ONE OF MY CLIENT IS GOVERNMENT SALARIED PERSON. HE WAS DEPOSITED 11,00,700/- TO HIS SALARY BANK ACCOUNT FROM WITHDRAW MADE FROM GOLD LOAN ACCOUNT OF RS.239000/- REFLECTED IN AIS REPORT.

THE CASH DEPOSITED REFLECTED IN AIS REPORT.
AND ALSO HE IS HAVING HUF STATUS OF PAN CARD.
HE HAS RECEIVED SOME AMOUNT FROM HIS FATHER AFTER RETIREMENT BY CASH.
ALONG WITH WITHDRAW FROM HIS GOLD LOAN ACCOUNT AND HIS FATHER CASH
DEPOSITED IN HIS SALARIED ACCOUNT.

NOW HOW TO REPORT CASH DEPOSIT IN HIS SALARY ACCOUNT


PLEASE CLARIFY ME

THANK YOU REGARDS


P.Madhivadhanan
This Query has 1 replies

This Query has 1 replies

22 December 2025 at 12:24

Faceless assessment

Form 68 filed for claiming immunity. Ignoring immunity claim if penalty is levied , we can file against the proceedings


ARUN GUPTA
This Query has 8 replies

This Query has 8 replies

Can I make sales to my gst huf proprietorshipship firm from my sole proprietorship firm? If I can make sales what reasons should I give for sales? Please clarify with examples?


pkkapoor
This Query has 2 replies

This Query has 2 replies

21 December 2025 at 16:29

How to file ITR for AY 2024-25

One lady aged about 78 years has fixed deposit with Corporation Bank ( now Union Bank) since 2017-18 and earned interest. She has no other income. She has submitted 15 H for each of the year.
The Bank has not deducted TDS from interest income except for the financial year 2023-24 and 2024- 25 on interest income despite receipt of 15 H form for those years.
She has no knowledge to submit the IT return to claim the refund. Somehow She has been advised to submit the IT return for FY 2024-25 and accordingly She submitted and got the refund of IT of TDS.
Since due time for submission of return for FY 2023-24 has elapsed, She could not. Someone has advised her to appeal for condonation of delay in submitting IT return 119( 2) (d) of IT Act for submission of IT return for FY 2023-24.
How she should proceed?


Vaibhav Gupta
This Query has 1 replies

This Query has 1 replies

20 December 2025 at 16:55

Income tax - income from business trust

Need help related to query

One of my clients has received income from business trust (powergrid investment infrastructure trust) and tds is also deducted under section 194LBA. He has shown this income in his ITR under the head of income from other sources at normal rate.

Now the income tax department has sent notice that income from business trust is not shown in your ITR. Kindly show this income under income from other sources at the specified rate.

Please help me in this regard


urvashi kareliya
This Query has 1 replies

This Query has 1 replies

hiii!!! Rent received from builder for redevelopment of flat , it is exempt income ? of do we have to report this under ITR ??


Rajkumar Gutti
This Query has 3 replies

This Query has 3 replies

20 December 2025 at 10:50

Itc on computer

We have purchased computer at head office.
How ITC on computer transfer to distinct branches via cross charges. Pleas elaborate by accounting entry.


ABHI KUMAR
This Query has 1 replies

This Query has 1 replies

19 December 2025 at 17:45

REGARDING TURNOVER

OUR STATIONERY BUSINESS IN RAJASTHAN
AND TURN OVER ANNUAL UP TO 2 LACK
IAM LIABLE TO GST REGISTRATION IN RAJASTHAN


Hemkumarpro badge
This Query has 1 replies

This Query has 1 replies

19 December 2025 at 17:03

ITC REVERSAL IN GSTR 9 OF FY 24-25

During the financial year 2024-2025 I have taken excess ITC amounting Rs 10000/- which was reversed by us in GSTR 3B for the month of August 2025. Now at the time of filing annual return for FY 24-25 where to show such reversal, only in table 12 or in table 7 & table 12 both.
What will be its effect in GSTR 9C


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

19 December 2025 at 16:35

Rectification of return under section 154

Is rectification of error u/s 154 for return of AY 25-26 filed is liable for any penalty or charges for correction of name?





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