"The Central Government has recently issued a notification announcing the Cost Inflation Index (CII) for the financial year 2025-26. In the notification dated July 1, 2025, the government announced that the CII for the financial year 2025-26 is 376. The new CII of 376 will be applicable from April 1, 2026, and it will be applicable for Assessment Year 2026-27."
Can I apply this CII 376 for calculating indexation for FY25-26 for property sold in April 25 (bought in 2002) when I file my returns on 31st July'26 ?

Sir/Mam,

Composition Dealer GST Annual Return Filing Due dates, what is penalty and is it mandatory

plz explain

Thanking you,

Sir

How to claim relief on LTCG tax on sale of MF income fy 24-25?

He has to submit form 10F before filling his income tax return??

Which documents are required and upload while filling his tax return??

He has TRC for fy 24-25??

Please guide me.

A teacher who retired from service in tamilnadu government got Rs.272263 at the time of retirement as UNEARNED LEAVE SALARY (UEL) . Whether it is taxable or exempt under section 10(10)AA (i). She is a state government employee.

If Mr. X sold his plots of Rs. 8lakhs in A.Y. 2025-26 and he purchase house of Rs. 10lakhs out of the net sale proceedings of this plots for claiming 54F exemption. Mr. X claim exemption under section 54F of remaining purchase amount of Rs. 2lakhs in next A.Y. 2026-27. So, what amount should be shown in the A.Y. 2025-26 under amount investment in new asset out of sale proceeds (i.e. 10lakhs or 8 lakhs) for claiming 54F exemption?

Hi,
i have deposited partial tax of a company...now i need to deposit the balance...the amount of interest on late payment will be for entire amount or for balance amoount?

If Mr. X has paid expenses of Rs. 1,00,000 on behalf of client as rent expenses and he has received only Rs. 80,000 as reimbursement then whether such Amount received would form part of turnover ?
And whether E-invoice would be applicable on such income?

I have issued profoma invoice showing GST to be charged also so, should i disclose the details of profoma invoice in GSTR 1?
If Yes where in GSTR1?
What is provision of service in GST? Is it proposal of service or completion of service?

One of our clients is a security services and house keeping service provider, security services come under RCM and house keeping service comes under normal service, so can we issue Reverse Charge Machanism bill for security services and Normal tax invoice for house keeping to the client.

I am having a House property with a rental income of Rs 1.20 lacs per annum. I availed a loan from a bank and paid interest on the home loan. I am filing IT return under the new regime.
I understand that the net loss after adjustment of rental income (Net Annual Value) to interest paid to adjusted against Gross income from salaries is not permissible. However, section 24 permits interest on a home loan can be allowed where the house property is let out without any maximum.

I shall thank you if you could clarify with relevant sections of IT Act whether interest paid on a home loan is permitted as an allowable deduction for FY 2024-25