Interest paid against loan taken property,
whether should be treated as revenue expenses .
or may be another treatment.

Treatment of stamp duty paid for office taken on rent for 3 years,
whether should be charged as revenue expenses or amotized in 3 Years equal amount,

whether land value include all the expenses regarding buying properties ,i.e. Registration Fees or Stamp duty. should be club into the Land Value.

How to Make Journal entry of Loan taken against Property
and repaid journal entry.

One of my friends, who is an NRI ( due to employment in Oman), deposited Rs. 3 Lakhs in the federal bank for 10 years on 11/03/2015. She became NRI from 2017 onwards. Bank started deduct TDS from accrued interest but didn't inform her. Now when FD matured, the bank paid her after deducting the entire TDS (Approx Rs. 1 Lakh) from the 2017-18 Assessment Year till 10/03/2025. Now they mailed her all ( 29 Nos.) Form 16A certificates, from Asst Year 2017-18 to Asst Year 2025-26. 29 forms together.

Kindly advise whether she can claim the entire TDS refund now.

Sir,
I've miniscule amount(Rs. 3750/) of brokerage and commission earned from a P2P lending platform and STCG from stocks in FY 24-25. Can I file ITR 2 and show this 3750/ in other income instead of ITR 3 for AY 25-26 to avoid complications of making balance sheet and books of accounts ? Can CBDT send me defective return notice for so much less amount ?
Thank you

Sir,
Individual is registered under GST and trading for building material (bricks, sand, bajari, ms bar, cement etc.) my query is
can he TRADE LPG and OXYGEN gas also to industries under same GSTIN
OR need to go for another GSTIN????
regards
Vikas

Sir,
We have received Rs.298000/- from a single person by Cheque of HDFC bank. We have return Rs.300000/- to him by internet Banking now can we receive Rs.2000/- by Cash from

'X' and 'Y' are two Real Estate Companies.

Both of them have entered into an MOU for purchase of open plots by 'X' from 'Y'.
Later 'X' sells these plots to its prospective customers.

Now a prospective customer 'Z' approaches 'X' and agrees to purchase a plot for a total consideration amount of Rs. 12 lacs and pays an advance amount of Rs. 5 lacs to 'X'.

Later 'Z' pays the balance amount of Rs. 7 lacs (which is the consideration value mentioned in the Sale Deed ) directly to 'Y' at the advice of 'X' to avoid double stamp duty (i.e., from 'Y' to 'X' and again 'X' to 'Z') and the Sale Deed is executed by 'Y' in favour of 'Z'.
Also the consideration amount payable by 'X' to 'Y' for purchase of plot from 'Y' by 'X' is also 7 lacs.

Now how to pass the journal accounting entries in the Books of 'X' and 'Y' for closing the total amount of Rs. 12 lacs received from 'Z' for declaring it as income.

Kindly guide.

Thank You.

Sir,
FY 2023-24 bank deducted Rs, 20000/- Renewal CC Limit Charges. we can show under Profit & Loss account ( Bank Charges) Now FY 2024-25 March month bank reimbursement some amount Rs.14320/- how we can adjust in books of accounts. Can we create new ledger Reimbursement exp by bank under Indirect income or any other way
Please guide