Hello All,

Currently while computing the Capital Gain tax for a client on sale of residential flat, wherein option of indexation is available. Now as per the updated provisions of Capital Gain tax, either with Indexation or without indexation option to choose is which is tax beneficial can be considered.

In particular case, while the Indexation option was selected and the gain is being invested in the Capital Gain account to be utilised for purchase of property, Winman software is considering the overall Capital gain in the Total Income. On checking with the winman team they pointed out that as per the Income tax forms Total Gain has to be reported to Total Income even though there is Nil Tax liability. But due to this reporting if the overall income crosses 50L, Surcharge gets activated.

Query : Is this understanding correct- to add the Capital gain to Total Income, anyone using different software than Winman could you please check some dummy scenario, I tried to check online but forms are still not made live in Income tax portal hence could not check their.

Regards

The details of aggregate turnover (annual turnover) is auto-populated in GST portal. Is it mandatory to reconcile the value of turnover and report it in GST portal? Is there any issue it there is variation in the value of turnover?

Dear Expert
can I register the airport as an additional place of business in my GST registration if we have a significant operations there such as ,Receiving goods, Storing goods, Supplying goods or services, and installation

Invoice numbering under GST

Is there any software, so that GST invoices are properly numbered in series i.e. no invoices should be missed out in series of numbering?

hiii!!! i have booked flat in under construction property in 2020, got posession in april 2024 and sold in march 2024.
what is period of holding ??
it is short or long term ??

Dear Sirs : During Februray 2025 GST say Rs.5,000 on purchase of plant and machinery was clubbed with cost and accounted in books of accounts. The ITC - GST Rs.5,000 was mentioned in Table 4(B) 1 and GSTR3B filed.... Now the dealer wants to reverse and claim ITC Rs.5,000 ITC in GSTR3B of April 2025. Kindly suggest.... Can reduce Rs.5,000 from coloumn 49(A) (5) manually.... Please advise... Kind Regards

In A invoice of March 2025 GST number was issued GST number was entered wrong. Subsequently it was corrected through amended B2B invoice. Is credit note needed to be issued for this purpose ??

Registration u/s 12AB has been sanctioned up to 2024-2025. what is the time limit for renewal of such registration

Sir

When we say certified true copy of resolution what does it means? Whether it is photocopy of original board resolution duly certified by director or does resolution is prepared in two copies one original( kept at registered office) and one true copy ( certified by directors)?

Dear Members,

HSN for B2C supplies have to be reported in GSTR1 from May period. My query is that earlier there was an exemption that who had turnover below 5 crore, it was optional to report HSN in B2C, after the advisory in Feb 2025 is it removed or the new change to report HSN for B2C is only for turnover above 5 crore? It is not clearly mentioned
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