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H Thakar
This Query has 1 replies

This Query has 1 replies

20 May 2026 at 12:59

TDS 194M - Payment by Individual

Is there any change in existing TDS rate for section 194M under income tax act 1961 corresponding section 393(1) (Sl No 6(ii).

As of now it is 2% (reduced from 5%, wef 01.10.24)


ABHI KUMAR
This Query has 1 replies

This Query has 1 replies

20 May 2026 at 10:20

REGARDING PURCHASE VALUE

PURCHASE TAXABLE VALUE OF PRODUCT 5000
TAX 200
INVOICE AMOUNT 6200
DISCOUNT 6200
INVOICE VALUE NILL
“Will this taxable value of 5000 be shown in purchases? And then, will the final discount be shown in indirect income, or will the purchase value directly become zero in trading? Thanks in advance.”


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

19 May 2026 at 15:06

ITC REVERSAL ON CAPITAL GOODS

What happens if ITC on capital goods liable for reversal is not reversed and the ITC continues to be utilised for 5 years, and the remaining ITC is reversed only after completion of the 5-year period?

Further, If ITC on capital goods liable for reversal is reversed only to the extent available in the electronic credit ledger/portal, whether the remaining ITC can be reversed later upon availment/utilisation during the 5-year period applicable to capital goods?


Beatrice Wetherby
This Query has 1 replies

This Query has 1 replies

19 May 2026 at 12:54

Best TEAS exam help in the USA

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Atul R
This Query has 2 replies

This Query has 2 replies

19 May 2026 at 12:42

Gift of shares to wife

I had gifted some shares to my wife. She sold these shares and also received dividend on these shares. TDS was also deducted on the dividend. All these transactions are showing in her AIS and 26AS.

How do I treat the capital gain, dividend and TDS in IT return?


Stephen Arul Raj
This Query has 1 replies

This Query has 1 replies

Employer (Partnership Firm) is paying school fees every year for the children of a deceased employee. Can the employer claim this expenditure as a deduction under the Income-tax Act for every year during which such ex-gratia/compassionate assistance is continued to the legal heirs of the employee who died while in service? If yes, please share the relevant provisions/rules for record purposes.


komal ameta
This Query has 2 replies

This Query has 2 replies

Dear Experts,

What is the most practical way for a Private Limited Company to raise funds from friends, family, and individual investors with minimum legal compliances in India?

Kindly share the suitable fundraising structures and the procedure involved.

If any practicing Company Secretary is interested in assisting us with the fundraising process, please connect with us on WhatsApp at +91-9928598454.

Thank You,
I appreciate your help.


Gaurav Pandey
This Query has 1 replies

This Query has 1 replies

If someone has temporarily closed their business and is no longer paying shop rent, and files a nil GST return, will they still have to pay the RCM tax on the rent? Plz help asap


Javed Memon
This Query has 2 replies

This Query has 2 replies

Please guide regarding the GST classification of 1 or 2 Rs. pouch “Pepsi” products sold in small plastic pouches.

The product is non-carbonated and non-aerated

What would be the correct HSN Code for such products?

What GST rate is applicable?

Whether it should be classified under HSN 2105 or any other heading?


Somnath
This Query has 1 replies

This Query has 1 replies

Dear all

Is it mandatory now to generate e invoice for delivery of materials wef April -2026 for turnover Rs 10 crores &:above ?
Previous 30 days timeline to generate e invoice for Rs 10 cr & above turn over is available along with mandatory e invoice rule for delivery of materials ?






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