MY QUERIES ARE:
1.A SMALL PRIVATE LIMITED COMPANY INCORPORATED ON 28.03.2025 CAN GET RELIEF FROM FILLING ANNUAL RETURNS WITH ROC FOR F.Y 2024-25.
2.CAN IT EXTEND ITS F.Y FROM 28.03.2025 TO 31.03.2026
3.IF IT CAN EXTEND THEN PLEASE GUIDE ME THE WHOLE PROCESS FROM THE FIRST DOCUMENT TO BE PREPARED TILL THE LAST ONE.
4.ALSO GUIDE ME HOW TO FILE ADT-1 FOR THE SAME TO APPOINT AUDITOR FOR THE RESPECTIVE PERIOD FOR CONDUCTING AUDIT.

SIR,

WE ARE ISSUING CREDIT NOTES TO OUR CLIENTS AFTER SALES WITHOUT GST. NOW DURING THE TIME OF CLIENTS AUDIT THE AUDIT PARTY RAISING OBJECTION IT CANNOT BE ISSUED. PLEASE ADVISE WHETHER WE CAN ISSUE CREDIT NOTES WITHOUT GST FOR DISCOUNTS.

THANKS IN ADVANCE

GOOD AFTERNOON SIR
As per the books Credit balance of GST is Rs 50 lacs but the ITC credit on GST portal is 20 lacs. It means an excess Credit as of Rs 30 lacs has been taken inadvertently which can be reversed in computation of income by deducting back to total income.
AM I RIGHT SIR

Dear Sir,

Kindly advice me at time of Advance Payment of Advocate.
TDS not Deducted & Amt Paid Rs 100000. So, Now What to do Actual Bill till not Received.
How Much Bill Amount Demand so TDS liability paid & Also Outstanding of Advocate is Nil.

Dear Experts

I'd like to know if the money received as Corona Stimulus Economic Package from the US is taxable in India or not. Per the IRS it is tax free in the US. Schedule FSI doesnt have a relevant head to include this deposit under hence not included for many years.

Per the internet

Treated as a Non-Taxable Relief Grant (Not Income) -

Under the Indian Income-tax Act, a receipt is only taxable if it falls under the specific definition of "income" (such as salary, business profits, capital gains, or other regular streams).

The COVID-19 stimulus payment from the U.S. Treasury is a social benefit or disaster relief grant. It does not arise from any service rendered, employment, or investment activity in India, making it a capital receipt/personal relief aid rather than income.

Classified as a Government Aid -

In general tax principles, personal transfers or government aid given as financial relief do not qualify as taxable commercial or professional receipts.

Even though resident Indians are technically taxed on global income, statutory relief grants meant for public welfare do not possess the character of earned income or commercial revenue, meaning they are excluded from taxable computation under the Income Tax Department of India

Furthermore, the reason for asking this is because the user is interested in applying for the FAST-DS 2026 scheme.

1. The asset being declared under this scheme is a US bank a/c under Cat B (flat fee) route

2. The requiement for this bank a/c is 'Sum of ALL deposits'. The bank a/c was opened while NRI for salary

3. All the deposits in the users account was income that was taxed in the US. Upon becoming a resident, the US Treas deposited Corona Relief stimulus

4. Will this Corona stimulus be considered taxable or tax exempt during the FAST-DS 2026 filing

I am grateful for your expertise and response in advance

Sincerely

Mohan

My actual TDS amount is 9695 rupees. By mistake I paid amount 9635 rupees within due date (10th Nov 2025) through FORM 26QB. I shall pay now remaining amount 60 rupees. How should I fill up FORM 26QB so that I can say, I already paid 9635 rupees?

Dear Sir,

One of my client is facing issue with regard to Audit fees charged by the CA. At the time of finalizing the audit certain amount was agreed between my client and the CA and the same was shown in Books of Accounts and it was paid by my client. Now when the company is demanding NOC from the auditor then the auditor is saying audit fees is pending and is not ready to give NOC. The difference in Audit fees is huge with the one agreed between the company and now demanded by the CA.

Please help me how can the company remove the auditor in such a case without getting NOC from auditor.

Regards,
Divyesh Jain

Hello everyone,

I am looking for some genuine guidance regarding my career.

I completed my **12th in 2024**, and along with my 12th, I also completed a **CABA-MDTP (Computer Applications, Business Accounting and Multilingual D.T.P.)** course.

Since completing 12th, I have been confused about which field I should choose for my career. Because of this confusion, almost **two years have passed without me being able to decide on a clear career direction**.

During this time, I tried exploring different fields:

1. **Cyber Security** – I initially thought of building my career in Cyber Security and started studying it, but I could not understand what I should learn, how I should learn it, or what the proper roadmap was. Eventually, I stopped studying it.

2. **Artificial Intelligence (AI)** – After that, I thought about pursuing AI. I started exploring this field as well, but again I could not understand the field properly or find a clear direction, so I eventually stopped that too.

3. **Finance** – Currently, I am considering building my career in Finance. However, I am still confused about whether Finance is actually the right choice for me and, if I choose Finance, **which specific domain of Finance I should pursue**.

So, my main confusion is:

**Which direction should I choose — Cyber Security, AI, or Finance? And if Finance is a better option for me, which area/domain of Finance should I consider?**

I also want to understand how I should actually evaluate a career before committing to it. I don't want to keep switching from one field to another and waste more time.

I would really appreciate guidance from experienced **CAs, finance professionals, industry professionals, or anyone who has faced a similar career situation**.

I would especially like to know:

* Based on my background, how should I evaluate Cyber Security, AI and Finance as career options?
* If I choose Finance, what different domains should I explore before making a final decision?
* How can I practically test whether a particular field is suitable for me?
* Should I first do a short course, internship, project, or basic-level study before committing to a career?
* Most importantly, **what should I do step-by-step over the next 6–12 months to get clarity and build a proper career direction?**

I understand that the final decision has to be mine, but I would really appreciate **honest and practical advice** from experienced people rather than just general suggestions.

My goal now is to choose a direction carefully, stop switching between fields, and then consistently work towards building a career in that field.

Thank you in advance to everyone who takes the time to guide me.

What is criteria for rural agriculture land based on 1994notification. Base year will be 1994 or in which year land sold

a person had purchased a plot in 2008 for rs 8 lakhs and now selling the same in 2026 for Rs 70 lakhs and invest 60 lakhs on purchase of other plot. what will be the capital gain as per income tax act 2025