Hi Sir,

By mistake I deducted 5% TDS on rent and now filled form 26QB for refund of excess TDS. In final instruction it is mentioned to submit 26QB acknwledgement along with cancelled cheqe and PAN card copy to AO. Now my Faceless AO has been assigned from different juridction.

Please suggest
1. Do we really need to submit Hard copy?
2. If hard copy need to be submited of 26QB, then it need to be submitted to juridcitoion AO or faceless AO or both.
3. Can this be courried to them or I need to go personally to submit this?

Thanks in advance for your support.

Sir

What is the turnover slab for IT audit 1 Cr or 2Cr for the Assmt.Yr 2025-26

With Regards

S M basha

Want to reversal entire fy. 2024-25 in March month return will it attract interest which is claimed

Sir,
My question is :
Why gift money to maternal uncle is taxable u/s 56(2)(x) if brother of parent of an individual is counted as relative according to section 2(41) of income tax,1961 ? My maternal uncle is certainly the brother of my mother who is my parent ?

Also please clarify if gift deed can be made now for gift given in the past.

Thank you

Hi All

If I am registered under GST, is GST is to be charged on rent received from rental income of house property?

Dear Sirs : One of my client (private limited company) crossed net profit of five crores for financial year ending 31-03-2024. Three years CSR fund at 2 % of average profit for 21-22 , 22-23, 23-24 comes to Rs.7 lakhs. No provisions for CSR funds is made for year ending 31-03-2024. Kindly help me by providing a rule / circular that states that : CSR fund of Rs.7 lakhs to be applicable and to be consumed after 01-04-2024 ... Regards

My Mother and I are co-owners of the Property (Rs 6,00,000/-): My Mother owns 90%(5,40,000/-), and I own 10% (60,000/-). I am paying my 10% (60,000/-) Payment to the Seller by Deducting 1% (600/-) from it. Do I have to prepare two Challans? (Mother & mine on Pro-rata basis, i.e 90% & 10%) or only mine.

Please help me with the correct SAC codes to be used for below services by a Chartered Accountants
1. monthly retainership services - accounting + tax advisory + TDS + GST consutlancy etc.
2. Income Tax filing and advisory for individual
3. Indcome tax filing and advisory for company
4. secretarial services like company incorportaion
5. secretari al services like mca forms etc
6. secretarial services like roc annual reporting
7. DSC support services
8. fema and rbi consutalcy for companies

Hi All
Suppose a company is taking services of GTA who is charging GST @18%, Can company avail ITC on the same?

Thanks in advance.

I have filed TDS 26QB on 24-Mar-25. Received acknowledgement with default on 1-Apr-25. There was a mistake in amount paid/credited that I want to correct but TRACES is giving error
"There is no data available for the specified search criteria"
However, the challan status shows as Fully consumed and Processed with Default.

Please guide
Thanks,
Saurabh