Hello,

I am seeking an expert opinion on whether it makes financial sense to continue holding or exit a minority stake in a warehouse business. Key details below:

- Business: Warehouse / cold storage (partnership firm)
- Ownership: 12.5% minority stake
- Project start: Feb 2022
- Private capital invested: ₹1 Cr (borrowed at 18% p.a.)
- No private repayment so far due to bank loan priority
- Effective private debt today: ~₹1.72 Cr
- Expected private debt when repayment starts (~2 years): ~₹2.05+ Cr

Best operating year (FY 2024–25):

- Revenue: ~₹2.05 Cr
- Operating surplus before loans: ~₹1.26 Cr
- Bank loan repayment: ~₹1.0 Cr/year
- Free cash (entire business): ~₹25–27 L/year
- Cash to us (12.5%): ~₹3–4 L/year
- Expected post–bank-loan cash to us: ~₹15–16 L/year

Additional context

- Major commodity stored: mirchi
- Revenue depends heavily on rotation; low prices have capped growth
- Land value has appreciated from ~₹1.0 Cr to ~₹1.7 Cr

Questions

1. Does holding make sense long term given 18% private capital and minority ownership?
2. Since this is a partnership firm, can any business loss or depreciation be used to offset personal salary income?
3. Does refinancing the 18% loan make sense? If so, what realistic interest rates are currently achievable (secured / LAP / business loan)?
4. Is an exit valuation of ~₹1.8–2.0 Cr reasonable for a strategic buyer increasing control?

Looking for a candid, numbers-based opinion.
Happy to share detailed workings if required.

Respected Sir/Madam

Bankers asked for updated details after demise of Karta for periodic kyc
they sent a message that you have to update the same on income tax portal and apply for new pan card after update and submit the new document with fresh kyc of new karta

What are the compliances being required to be updated on Income Tax Portal.
Please reply

Regards

Tribhuvan

after submitting adt1, its asking to affix dsc in pending for dsc upload srn status.
but if i click on edit (in the adt1) dsc does not open (instead greyed dsc.box text appears)

how to affix dsc to adt1 and pay fees?

ok, its solved. just go to my applications/search ur adt1 srn and click download and then open that pdf in acrobat not in google chrome, ull see dsc , affix there and then upload adt1

Dear Sir/Madam,

We seek your professional opinion regarding the applicability of TDS under Section 195 of the Income-tax Act, 1961, on payments made to Adobe Systems Software Ireland Limited towards Adobe subscription charges.

1- Background of the transaction:
Payments have been made for Adobe software subscriptions.
The payments were routed through credit card / online payment gateway.
Adobe Systems Software Ireland Limited has provided the following documents:
No Permanent Establishment (PE) declaration in India
Form 10F
2- Clarifications received from Adobe:
Payments made via credit card fall under the proviso to Section 194Q and relevant CBDT clarifications.
TDS obligation does not apply where:
a) Payment is made through credit cards, debit cards, or similar electronic modes; and
b) The bank / payment gateway acts as an intermediary for the transaction.
The responsibility for tax collection does not shift to Adobe in such cases.

3- Our queries for your expert advice:
Whether TDS is applicable under Section 195 on the above payments made to Adobe Systems Software Ireland Limited?
If TDS is applicable, please advise:
The nature of income (royalty / FTS / other),
The applicable rate of TDS, and
Whether DTAA provisions between India–Ireland can be applied in this case.
Whether payment through a credit card/payment gateway alters the TDS obligation under Section 195.

Your guidance on the above will help us ensure correct tax compliance.

Thanking you in advance.
Warm regards,

My income tax returns are already processed for FY 24-25 and I have got TCS credit in form 26 AS after processing returns. Can I claim FY 24-25 TCs refund in FY 25-26

Respected Sir/Madam,
We have only 15G/15H challans in this quarter and no other TDS payments, we have already submiitted form 15G/15H on 15th jan 2026 but while filing TDS Return it ask for challan payments which we don`t have

How to file this return

Please reply

Regards

Tribhuvan

for FY 24-25 AY 25-26 The assessee is in Goa and while filing his return of income everything was shown between him and spouse at 50%.
only prepaid taxes were different and accordingly refund asked was for different amounts
There was business loss to be set off against income from other sources.
In wife case As per intimation received u/s 143(1) business loss was adjusted against income from other sources
However in husband case as per intimation u/s 143(1) business loss is not adjusted against income from other sources resulting in demand
rectification request was filed u/s 154 but in the order again the benefit of business loss is not given and demand is confirmed
My question is
what can be done in above case so that business loss is adjusted against other income like already given in wife case ?

IGST amount of Bill of Entry of Import of Goods dated 14.5.25 had not come in GSTR-2B earlier, now it has come in OCT TO DEC 2025 of GSTR-2B, can we claim it now in GSTR-3B in oct to march return?

Sir, I have a taxi business and I have registered my GST number. I have received ITC on vehicle purchases and I have claimed it in GSTR-3B. Now I want to know if I charge 5% GST on my services, can I set off the output GST from the available ITC in the credit ledger? Also, please tell me which GST rates are applicable to us. Please explain the rules for ITC as well. Thanks.

ITC of IMPG for the month of NOV-2024 is shown in DEC-25 GSTR-2B then it can be claim in GSTR-3B of DEC-25 or not?