In reference to my earlier query-
Some of the assesses have shown Bifurcation of Perquisite.
Other Perquisite-134142/-(284621-150479)
Interest Free or Concessional Loan Rs. 150479/- and show Exemption Under Section 10 (10CC)
Rs. 150479+18043=168522/-
Presuming that Value of Perquisite of IFCL (150479), Tax will be Borne by Employer (Bank).
ITR will be Process Successfully with No Tax Demand. In this whether Revised ITR will be filled by reducing Exemption only up to Rs.18043/- Please advise.

Please clarify the Indian income-tax treatment of crypto futures,
1 including whether profit from such contracts is covered under VDA taxation at 30% under Section 115BBH or should be treated as business income, and whether 1% TDS u/s 194S is applicable ?
2 does the tax/TDS treatment differ when there is no actual delivery or transfer of the underlying VDA?
3 Also clarify the treatment of losses and their set-off/carry-forward, brokerage and other transaction expenses, and whether any GST, TCS, FEMA/LRS, foreign remittance or other tax/reporting requirements apply ?
4 when trading through an Indian or foreign exchange. Please confirm the proper tax head, applicable tax rate, TDS provisions, return form and relevant sections/circulars/notifications/judicial precedents applicable to crypto futures trading in India.
suggest peoper method.

Sir
Can a CA/CS/CMA Firm place their profile in a public website?
Does it amount to professional misconduct on ground of "advertising / soliciting to prospective clients?
Regards
Abhijit

I have booed a property with the builder and paid 15 Lakhs at the time of pre launch in the form of EOI and thereafter allotment was made by the builder after3 months. At the time of allotment t 40 Lakhs was paid with deduction of TDS ON 55 lakhs.
Now , received a notice for delayed payment of TDS from the department.
Kindly clarify whether there is any delay in payment of TDS and whether TDS is applicable at the time of pre launch.

I seek professional guidance . Assessee (Individual) business turnover less than Rs. 1.08 crore during relevant previous year actual profit morethan 8% of turnover presumed cash receipts and payments morethan 5 percent.
Is Section 44AD applicable in such circumstances? Does cash receipt and cash payment morethan 5% affect eligibilityto opt for section 44AD when turnover is below Rs.2 Crore?
Is tax audit under section 44AB required when the assessee opt for section 44AD and declare profit morethan 5%?
What is the correct interpretation of the 5% cash receipt/payment conditions appearing in the ITR audit-information schedule?
What should be selected in the ITR regarding the relevant audit-information questions?

I would appreciate an answer with reference to the specific provisions of Section 44AD and 44AB and the relevant Rules/official notifications, so that thereturn can be filed correctly.

My question is
1)Do we need to genarte e invoice for sale of exempt and nill rated goods ?
2) Do we need to generate eway bill if sale value of exempt and nill rated exceed 50000?

I want know how to calculate turnover and other expenses to be included in ITR for income from F&O trading.I possible kindly explain with example.

I have a short payment default of Rs 120 in TDS return and have already paid the differential challan . Now I want to tag/adjust this challan against the default on TRACES.

The new TRACES portal (under the Income-tax Act 2025) does not seem to have the challan correction/tagging option for this. And for FY 2026-27 onwards, this correction can no longer be done on the old TRACES portal either.

Has anyone faced this? What is the correct process now to adjust a new challan against a short payment default for FY 2026-27 on the new TRACES website? Any specific tab/menu I'm missing, or is this facility not yet live?

Dear sir,
Mere ek client ke pas gst number hai but pure saal kaam na hone ki wajeh se gst return nil file rahi...means gst turnover zero raha....lekin uski e shop hai garments ki usne wahan par qr code scanner laga diya payment receive karne ke liye aur pure saal mein 15 lakh ke aas paas payment received hui...mera question yeh hai ki mujhe uski itr file karni hai kyunki bank me account freeze kar diya hai aur ITR maang raha hai...ITR mein kya figure dikhaye kyunki gst turnover zero hai aur account unfreeze karana hai...please reply must...

I have a query regarding an invoice that was raised and filed under the wrong GSTIN.

Company A has two subsidiary companies, for example, XYZ Ltd. and XIZ Ltd, each having a separate GSTIN. An invoice was raised in March 2026 for XYZ Ltd., whereas it was actually meant for XIZ Ltd. The invoice has already been filed under XYZ Ltd.’s GSTIN.

As per our CA, a credit note cannot be raised against the March 2026 invoice for this particular reason.

Could you please advise what would be the correct way to rectify this situation? What options are available to cancel/correct the wrongly reported invoice and ensure that the invoice is correctly reflected under the GSTIN of XIZ Ltd.?

Here are the details of invoices
Inv 1/2/3 = 17, 29, 28k each