my q is --> what is his time limit within which authorities have to pass the rectification order?

my view -> 6 months or 4 years, i am confused.
4 years or 6 months?
see this 154 line --> No order of rectification can be passed after the expiry of 4 years from the end of the financial year in which order sought to be rectified was passed

n now see this line --> No order of rectification can be passed after the expiry of 4 years from the end of the financial year in which order sought to be rectified was passed

Dear Sir,

Please guide - Which amount to be considered for Fire and Perils Insurance of Assets:

1. Gross Value (Actual Cost)
2. Net Value (Gross Value - Depreciation Value)

Thanx

Our business is House Constructions. Shoud I pay tax under RCM for purchase of Sand, Stones, Gravel, Granite etc. eventhough purchased from GST suppliers? Recently I have been received a notice. Pls explain me anyone. Advance Thanks.

We are Transporter charging GST on forward charge basis to our customers, whether E invoicing is applicable to us ??

A trust has received four separate demand notices under section 220 for the interest on late payment of tax and also late filing fee u/s 234E. Is it possible to file one appeal for all the four demand notices or should we file four different appeals. But only one appeal is going in the portal for one assessment year. Can the experts guide in this issue please.

I've sold the ancestral property(agri land) during April 2023 and opened the capital gain account in June 2023 with nationalized bank for the sold amount .During December 2022 I've entered into sale agreement with one Builder(Gated community) to purchase residential flat, which complete the construction and handover the flat as per RERA and I am releasing the funds to builder from capital gain funds by submitting form C and form D to bank according to phase wise construction. I have claimed the income tax under 54F for the financial year 2023-24.Now in June 2025 I want go for flat registration. As I am going for flat registration after 2 years of property sale,is it eligible under 54F claim? and Sale agreement with builder does come under construction clause of 54F? My understanding is we can claim under 54F if we purchase the residential house within 2 years or construct the house within 3 years. Please guide.

Please suggest me GST applicability on following transaction as per GST Rule and GST Act 2017

I received compensation (Rate Difference ) by Railway Department of supply made in the year 1995 i.e prior GST period of Rs 500000 with Interest Rs 400000. on April 2025

is this fall under U/s 12 Time of supply

I would like to seek your kind guidance regarding the filing of the FC-TRS Form in connection with a share transfer transaction involving the following entities:

ABC Private Limited – Investee Company (whose shares are being transferred)
PQR Pvt. Ltd. – Resident Transferor
XYZ PTE Ltd. – Non-Resident Transferee

In this regard, I request your clarification on the following points:

Which company is required to register as the Entity User and Business User on the FIRMS Portal for filing the FC-TRS form?

For the purpose of submitting the Authorization Letter, the Authorized Dealer (AD) Bank of which entity (Investee, Transferor, or Transferee) should be approached?

I would be grateful for your guidance to ensure compliance with the procedures under FEMA and RBI regulations.

Whether Cooperative banks can charge GST on admission fee charged by Bank on its member and on loan application

Respected Expert

Kindly suggest which ITR I have to file income tax return as I have salary plus Business income. My business income is less than 15 lakhs

Also suggest for My wife having salary + short term gain in share.

Please suggest

Your early response shall be highly appreciated.