Dear Experts,
If the assessee has income of 52 lakhs from Salary and other income and 3 lakh Short Term Capital Loss during the FY 2025, total income comes to 49 lacs though he will be paying tax on 52 lakh and carry forward loss to be setoff against capital gain in future. Is he liable to pay surcharge @ 10% on total tax payable?
This is for academic purpose.
Thanks in advance.

IS GSTR-3B LATE FILLING INTREST WAIVER INCLUDE UNDER VIVAD SE VISHWAS SCHEME?

Can NRI be the second account holder of a joint resident savings account where the primary account holder is a resident? If so, are there any limits on the number of such accounts?

15CB APPLICABLE ONLY OF TDS PAYMENT TO NON RESIDENT EXCEEDS 5 LAKH?
IF WE OPT PART-A To be filled up if the remittance is chargeable to tax under the provisions of the Income-tax Act,1961 and the remittance or the aggregate of such remittances, as the case may be, does not exceed five lakh rupees during the financial year IN FORM 15CA THEN 15CB OPTION NOT APPLICABLE?

I incoporated a company in 2019 for which the returns were filed till 2021. After that the company has done no compliance, no ITR. The company has generated no revenue since inception (there was no sale purchase), All years i have filed NIL GST. I have closed the bank account and GST No. I wish to go for a voluntary strike off. My CA says i will bear no penalty since the company never had any business transaction during any of the years i will not get penalty for 22-2024. However, many people are of the view that irrespective of the no business transaction. A penalty would be levied. Which will come to around 2.5 lacs. I am in a great stress.
What does company act say about this? A company which has done no business (Always NIL GST), Only paid to the CA via transferring some money from my account. If it doesn't files annual return will it get a waiver?

can i purchase property in the names of spouse and daughter from my account without violating benami trnsaction act 2016

I HAVE ADDED SOME INVOICE FOR DEC 2024 IN GSTR-1(ONLINE)
ONE PARTICULAR INVOICE HAS BEEN SAVED TWICE. I WANT TO DELETE THAT INVOICE , I AM UNABLE TO DELETE IT. ALSO IT SHOWS (PENDING RECORDS WILL BE ADDED AFTER VALIDATION)


PREVIOUSLY I WOULD EDIT AND MAKE CORRECTIONS NOW I AM UNABLE TO EDIT

KINDLY ADVICE

THANKS AND REGARDS
SURESH R

Sir/s,
e invoice raised by assessee but forgot issue waybill for some supplies, is it mandatory to issue e waybill

In capital gain account only capital gain to be deposited or entire amount in sale deed to be deposited ...can I re pay home loan capital amount from sale of property amount and will it be treated as re investment of capital gains ..I need some clarification ...1. is opening of capital gain account for property compulsary . 2 I purchased plot in Pune in 2010 for 1.2 lakh , how much is capital gain if sold now for 23.lakhs approximate ..3 I purchased flat in Pune in 2011 for 16.38 lakhs , if sold now for 30 lakhs now , how much will be capital gain .4 till what time it has to be re invested ..if not till that time how much tax to be paid .

Dear friends,

We are a domestic Pvt Ltd company engaged in Manufacturing. We already have a (wholly owned subsidiary) domestic Pvt Ltd company. We are going to set up a new (wholly owned subsidiary) company in Dubai for manufacturing similar product, as produced in India. During next year the same will be operational.

I seek your valuable opinions on preparation of FS for FY 25-26 / applicability of Ind AS. Whether: -
1. Ind AS will be applicable.
2. It will be applicable on single or Group companies.
3. Do we have to prepare 2 sets of FS (one as per AS & other as per Ind AS)?

Thanks in advance.