My question is ..
Can old ginning machinery sell as scrap and if we sell ginning machinery as scrap then what goods name and hsn should we mention in our tax invoice ?

Respected Experts plz guide
A business quarterly filer missed to file GST returns since 2023-25 Q4 onwards and his GST no suspended in Aug 24. Now when we checking it on GST login portal only. It's showing option to file GST returns till Q2 of 2024-25. Further Q3 and Q4 of 24-25 and Q1 of 2025-26 not showing.

Assessee will purchase machine in India and will give the same on rent to client in Dubai.
He will charge rent to Dubai Client and will receive money in foreign exchange

My question is whether GST is applicable on Rent received ?

As said above

Pls guide how to download 26AS for A.Y. 2007-08. From Income tax portal we are able to download 26AS from A.Y. 2009-10 onwards. But for A.Y. 2007-08 it is not available in Income Tax portal. Can anyone help me to download 26AS i.e Annual Tax Statement u/s 203AA from any other site?

Sir
supplies in fy 2024-25 was Rs 4.32 cr(without gst) should we need to get audited account by ca for gst audit?
AND under income tax need to get audited in above case?????
please advise

Sir,
Latest Conso file generated today but on clicking "create file" button, it is showing error code
"T-FV-1040 Consolidated File is mandatory for validating a Correction File". This is TDS return correction for Q4_26Q_FY_2024-25 and i am using RPU Version 5.7 downloaded from https://tinpan.proteantech.in/downloads/e-tds/eTDS-download-regular.html

Please guide, why this error is showing.

Dear All,

I have purchase home on 20-02-2001 for Rs. 2,51,000/-

I have sold the same on 25-03-2025 for Rs. 23,00,000/-

I have again purchase new home on 25-06-2025 for Rs. 15,00,000/-

Index cost of old home is Rs. (251000*363/100) = 9,11,130

Capital Gain = 23,00,000-9,11,130 = 13,88,870/-

What is my tax liability on long term capital gain for FY 24-25?

Is it NIL or i have to invest full amount of sale consideration i.e. Rs. 23,00,000 to claim exemption under section 54?

The above confusion is due to change in rule related to long term capital gain from 23.07.2024 budget.

Thanking You
Nirmal Dave

Dear Sir/Madam,

I have received a notice under ASMT-14 regarding obtaining GST registration. I would like to clarify my situation and seek your guidance:

I am engaged in selling vegetables in the local market without owning or operating a shop. My total turnover has crossed ₹40 lakhs, but since the sales are entirely B2C (Business-to-Consumer) and pertain to exempt goods (fruits and vegetables), I was under the impression that GST registration may not be mandatory in my case.

Additionally, I have not filed Income Tax Returns (ITRs), do not issue tax invoices, and do not have a rental or lease agreement for any premises.

Kindly advise:

Whether GST registration is mandatory in this case.

What steps I should take in response to the ASMT-14 notice.

Any possible compliance or regularization process I need to follow.

I am registered on the Income Tax portal and my income is only from interest on savings bank account. The total interest on my savings bank account is 20000 per annum. It is visible in the AIS statement. Is it necessary to file ITR?