we are willing to use a trade name (separate from our legal name) in GST registration(via amendment) what kind of supporting document can we produce for the same??

Respected Colleagues,
My First Ques:
If HUF opens a demat account and starts trading or investment in Shares & MF, then can we reflect the gains or Losses under Business Head of ITR instead of Capital Gains ?

My Second Ques is:
If a house wife having no income except interest income from banks but trading and investmnent in Shares & MF
then also in this case can we reflect gains or losses under business head of ITR or under Capital Gains?

I originally filed form 27Q without filling NRI deductee's contact number since it was not mandatory in the present case(rates mentioned in IT Act will be applicable for TDS). There was no problem with validation then and I filed the return successfully. Now I need to revise the return due to inadvertent mistake in choosing date of deduction.

When I corrected the date in utility and tried to validate it, it is showing error 'T-FV-4336-provide valid value under Contact No. of deductee'. Since deductee's number is US mobile number, I tried all possible combinations- with and without the country code. But none of it helps. Error still persists.

Is it necessary that only NRI deductee's phone number has to be mentioned in that column? Can an Indian number be provided instead? Can someone please guide.

A Commission Agent has earned 30 L Financial year 2024-25 but due to unawareness he has not opted Gst registration, now what is the treatment, now he wants to file an income tax return.

Please suggest what is the treatment.

An educational trust is having 12a registration . For ay 23-24 it is having excess of income over expenditure od Rs 10 laks. The trust filed form 10 with a delay of 260 days. The trust received intimation disallowing the excess and levied tax for not submitting the resolution and bank statement under section 11(5). CIT exemptions rejected delay condonation petition. Can it be contested in an appeal. Is the appeal to be filed before ITAT. I Request the experts to throw some light in this issue

Hi, my father sold his property in Nov'23, this property was located in Meerut, UP. He migrated to Mumbai. He deposited the capital gains in capital gains account with PNB at Mumbai in Jul'24 (before filing the income tax). He showed the deposit of CG and exemption from LTCG in ITR-2 under section 54 with filing of AY24-25.

We purchased a new property in Mumbai in Sep'24 (in joint names of me, my father and my wife) and utilized all the deposited capital gains at PNB.

I have following queries if someone can help me with -

1. How do we show this purchase and utilization of capital gains in ITR filing of AY25-26
2. Bank is asking us for FORM -G signed by AO for capital gain account closure. My father's AO is still showing in Meerut as per IT website while his address in PAN, Aadhar has been changed to Mumbai. Do we need to go to Meerut to get the form-g signed or do we need to change the jurisdiction first? I believe changing the jurisdiction is extremely cumbersome process, Is there an alternate way to do this compliance and close the loop?
3. Is there a deadline to close the capital gain account with bank after purchase of property?

I'd be grateful for the answers. Thanks.

i have filed my IT return for financial year 2022-23 in ITR-4 in old regima, next year i.e. 2023-24 in ITR-1 old regima, while filing this year old regima ( 2024-25 ) in ITR-4 it required 10IEA permison. if i obtained 10IEA permsion is it any problem for next financial year i.e. 2025-26 to shift new regima.

Respected sir,
i have uploaded 1 invoice in gstr-1which is b2c but by mistake i put gst no wrongly and upload the same and filed gstr-1.please advice how to move this invoice from b2b to b2c
with thanks

Dear Sir / Madam,

Mr A approached to file his income tax return for FY 2024-25 for the first time. His income includes Interest income, STCG, LTCG and Futures & options. When last year's ITR was checked, it was found that his personal assets, including flats and fixed deposits, were disclosed along with F&O-related data. Due to this, his capital became much bigger, in crores.

I understand that his business-related data only should have been disclosed instead of all his assets & liabilities. His business capital is just a few lakhs.

So, while filing his ITR for FY 2024-25, can his ITR be filed with business details only, removing personal assets from his entire balance sheet? He is also not maintaining all his personal data properly. So, his earlier crores of capital will be seen in lakhs of rupees only. Will this create any problems or any scrutiny?

For financial year 23-24 the business code 14005 was available in ITR3 but for financial year 24-25 this code is not listed in ITR3, expert guidance is required regarding which code should be opted for FY 24-25 in case this code 14005 is not available. Please guide.