Hello Everyone,

I have a sole proprietorship firm with Udyam Registration Certificate. I am developing a software app (library management system) in which I plan to charge monthly subscriptions from clients. I will be using Razorpay as the payment gateway.

Current situation:
- Udyam Registration Certificate available
- Turnover is zero (just starting)
- No GST registration (not required as turnover is zero)
- No Shop & Establishment registration yet

My queries:

1. Can I open a current account in PNB or Punjab & Sind Bank with only Udyam Registration Certificate as business proof? Will any additional documents be required?

2. Will zero turnover be a problem while opening a current account?

3. For Razorpay payment gateway integration, is a current account compulsory or can I use my personal savings account?

4. Is Shop & Establishment registration necessary right now or can it be done later when business grows?

Kindly guide me.

Thank You 🙏

Any provisions available for obtaining relief from tax deduction at source under Section 194T of the Income Tax Act? Specifically, guidance on whether a partner can apply for lower or nil deduction of TDS on payments such as remuneration, interest, or commission, and the procedure for the same??

Sir,
I took an advance of 25 lakh against sale of flat in FA 25 - 26. I used the amount to pay advance to buy a property in Same FA 25 -26. However sale of my flat is scheduled in current financial year.
Is there a tax implication and do I need to show in ITR.
Thanks!

Hello

Actually while making the payment for dividend paid to NRI i chose a wrong section and paid TDS under 194 instead of 195. Now can i use this challan for Form 27Q or else please suggest a solution on this.
Thank you

R/r

supplier wrongly issued tax invoice in march-26 and reversed the same bill in April-26 through credit Notes and tax invoice is showing in GSTR-2B of March-26. My queries is which is best option to file my GSTR-3B
1. Tax invoice - select pending in March-26 and accept in April-26, is it possible?
.2. Tax Invoice accept in March-26 and reverse the ITC in other reversal column in 3B and reclaim in April-26 when credit not will be reflect in April-26 and will no effect on ITC
Kindly advice which option is right.
Thanks

Sir
In a 100% State Govt owned undertaking during a FY a supplier supplied goods under multiple orders none of which exceeds Rs.50000/- individually.
However if we combined the bills against the orders it exceeds Rs.250000/-(Rs.400000/- to be precise) .
Can TDS on GST applied?

CAN I INVEST IN FD, AMOUNT RECEIVED FOR PROPERTY SALE, PRIOR TO INVESTING IN 54 EC BONDS WITHIN A 6-MONTH WINDOW?

Sir

Please suggest to me We Deposit Cash in Bank In FY 2025-26 Rs.55 Lacs in Current Account. Totaly turnover Rs.66 Lacs mostly Sales in Cash in mode. Can be face any issue from department please advise to us

We seek clarification regarding the applicability of TDS on software renewal charges.

In our case, payments are being made to a single vendor; however, such payments pertain to renewal of different software licenses and website services.

Kindly clarify:

Whether TDS is applicable on such software and website renewal charges.
If applicable, under which section of the Income Tax Act should TDS be deducted

If a salaried person is paying professional tax on his salary income, should he pay professional tax for his propeietorship firm in Karnataka also?