Allocation of Vendor expenses among members as Service Charge. For Eg. If society has a Vendor with a Invoice for Service of Rs. 100,000/- GST @ 18% = total bill Rs. 1,18,000/-. Now in Society there are some members who pays GST on there maintenance bill as it exceeds Rs. 7,500/- and there are members who does not GST on Maintenance amount, let us assume there are total 10 members out of which 5 pays GST and 5 doesn't. Now, while distributing the amount payable to vendor as service charge how should the amount be distributed? Should it be including GST that is Rs. 118000/10 = Rs. 1,180/- to each member or excluding GST that is Rs.1,00,000/10 = Rs. 1000 for each member?

One of my client is a Marketing agency based in India only he is liable for tax audit and paying 1.5 lakhs monthly for subscription fee to a software company based in US California. The foreign company has no Permanent establishment and PAN in India, what will be the TDS implications on such transactions?
Will filing form 10F and obtaining TRC from Foreign company will suffice for not deducting tds on this transaction?

I have filed extra TDS on purchase of property due to which seller rejected it and told to file it again with the correct TDS amount. So, I filed second TDS with correct amount now.

The first TDS is showing 1% of property value as consumed amount and extra TDS as unconsumed amount. Traces site allows me to get the refund of unconsumed part but as I have already filed the second TDS so I want the complete amount refunded from first TDS.

After researching, I am able to find that I need to make corrections in first TDS challan and them claimed the amount. My concern is what kind of corrections I need to make so that challan would show all the amount in unconsumed section.

For FY 2025-26
If an individual having total income from salary Rs. 8 lakh and Income from long term capital gain Rs. 3 lakh and short term cap gain Rs. 1 lakh.
Whether rebate applicable for both short and long term cap gain?????

Dear Sir,

One of my client while filing his income tax return took the HRA benefit for FY 2023-24. After checking the documents later he found that the rent agreement was made in his wife's name and the landlord. The landlord also filed his income tax return mentioning my client's wife Pan number as tenant.

Now my client has got a notice for not deducting tds on rent paid. The tds amount was paid by his wife since agreement was in her name. All rent payments were done from my client's bank account hence he claimed the HRA exemption.

Please help me to resolve the issue.

Thanks,
Divyesh Jain

I have made capital gains in April 2025 for the sale of an apartment for my daughter's marriage. Should I make the LTCG tax payment in 4 parts as advance tax or in full? Is there any compulsion to pay full tax? I am choosing Indexation with 20% tax. What other improvement costs can be considered, as I have no proof? Though a few modifications/rectifications were made in 2002 when the apartment was purchased.

PAN card of one of my client contains his surname as KAJRIWALI which should be KEJRIWAL. To correct the same, what document will be required sir ?

Dear [Tax Consultant / Financial Advisor],

I seek your guidance regarding the correct cost of acquisition and tax implications for my investments in Tata Chemicals Limited (TCL) and Tata Consumer Products Limited (TCPL) in light of the 2020 demerger.

✅ Investment Background:
I purchased 250 shares of Tata Chemicals on November 1, 2011 at ₹374 per share, resulting in a total investment of ₹93,500.

Pursuant to the Scheme of Arrangement between Tata Chemicals and Tata Global Beverages (now Tata Consumer), I was allotted 285 shares of TCPL as of the record date March 31, 2020.

❓ My Questions:
What cost of acquisition per share should I consider for the 285 shares of Tata Consumer received under the demerger?

Tata Chemicals’ communication dated May 16, 2020, specifies a 0.66% cost allocation to TCPL and 99.34% to TCL.

Accordingly, the cost attributable to TCPL is ₹93,500 × 0.66% = ₹617.10, i.e., ₹2.17 per share.

What are the capital gains tax implications for the sale of both shares, which occurred in 2024?

I sold:

250 TCL shares at ₹1,055 each on 22-Jul-2024

285 TCPL shares at ₹1,194.40 each on 19-Jul-2024

Should the grandfathering provisions under Section 112A of the Income Tax Act be applied to Tata Chemicals shares using the fair market value of ₹722 as on 31-Jan-2018?

Experts
well and please updae if any change in independent auditors report in FY 2024-25 for a small private limited company

Dear IT Experts
I need your guidance for IT Savings Investment Plan Under New Regime for the FY 2025-26 for Man/Woman.
Eg: NPS, Makhila FD etc

Thanks in advance.
mohanraj_vkj@yahoo.co.in