Dear Sir/Madam,

I sold my property for ₹8 crores in the financial year 2022-23, with the sale agreement executed during that period. However, the registration of the property took place in May 2023, which falls under FY 2023-24. Consequently, the TDS related to this transaction was also reflected in FY 2023-24.

To avail of tax exemptions, I utilized the proceeds from the sale to purchase a flat for ₹4 crores and invested ₹50 lakhs in bonds during FY 2022-23. I claimed these exemptions in my tax return for FY 2022-23, based on the sale agreement rather than the registration date.

In my tax return for FY 2023-24, I reported my regular income and adjusted the TDS paid accordingly. However, I have now received a notice from the CPC stating that my income does not align with the details in Form 26AS.
I request your guidance on how to respond to this notice, either by clarifying the transaction details or providing additional documentation to reconcile the income shown in my returns.

WHAT PROCESS OF GST FILLING OF EVENT BUSINESS

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Dear experts,
In this regard GSTR9 entry relates to reclaim of ITC is already reversal made wrongly in 23-24 , but this wrongly reversed ITC not reclaimed in GSTR3b upto 30.11.2024,
What step would be taken ,alert for this shown in table 7 differ from table 6
Kindly guide me ,
Thanking you

DEAR SIR,

ONE OF MY CLIET EXECUTED PARTNERSHIP DEED IN THE YEAR OF 2019, INVESTED AS A CAPITAL AMOUNT OF 12LAKHS, 4LAKHS OF EACH ONE OF PARTNER. NOW THE PARTNERS DECIDED TO DISSOLVE THE PARNTERSHIP BECAUSE THERE IS NO BUSINESS TRANSACTION MADE BY THEM FROM INCEPTION OF THE PARTNERSHIP DEED BEEN EXECUTED.

NOW THEY WANT CLOSE THE FIRM, THRE IS NO ASSETS AND CREDITS, OVER THE PARNTERSHIP FIRM THEY HAVE WITHDRAWN THE AMOUNT FROM THE BANK ACCOUNT WITH MUTUAL CONSENT.

IN THIS SITUATION HOW TO CREATE PARNTERSHIP DISSOLUTION FORMAT,

PLEASE ATTATCH THE DEED FORMAT

THANK YOU AND REGARDS

Trust is registered and after deduction of expenditures u/s 11 total returned income is Rs. 56126/-. whether it is taxable or not. Whether the trust will get the benefit of basic exemption of taxable limit.

how to calculate TDS under section 194o.
Please reply with a example.

what will be impact under GST and income tax gift by employer to employee
In cash and in Kind
Rs. 5 Lakh
whether under income tax will be fully taxable or TDS also applicable
under GST whether on less than 50K and above 50 K what will be impact.

Dear Sir / Madam
Kindly inform that if my Long Term Capital Gain on Debt Mutual Funds which were purchased before 01.04.2023 and sold after July-24 after holding 36 months period then will it be exempted in the category of Rs.1.25 Lakh. I had purchased debt fund in April-21 and sold them in Sep-24 i.e. after holding more than 36 months period and capital gain is about Rs.40000/- on it. Will it be exempted if my total Long Term in Equity Fund in FY 24-25 is 0 and as this is under Rs.1.25 Lakh or I have to pay tax @ 12.5 % on it. Kindly guide.
Thanks in Advance.

Can I file my GSTR-9 for FY 2023-24 after 31-12-2024 with late fee