In case of Joint saving bank account. Can 2nd Holder can declare saving bank interest in his ITR as 1st holder do not file his ITR.

I have less than 3 lakh other income but large LTCG. I also have some derivative loss.

my f&o loss is getting adjusted against other income , not from LTCG. Does the loss gets adjusted from other income before LTCG, even if other income is below taxable value

what entry should pass while closing books of accounts of individual and HUF and transfer to capital accounts

Sir Expert,

please solve my query that what is the Tax rate regarding Crypto currency for purchase and sale of VDA through there platform or simply what tax we have to pay for VDA to govt after we get profit

Either it is 30.4% (4 stand for education cess) that is 31.2% or

flat 30% surcharge 15 of 30% i,e =4.5%, cess 4% of (30%+4.5%)=approx 1.38%
Total=30%+4.5%+1.38=35.88% around 36%
please clerify my doubts and please make the calculation how to calculate it

One of our Debtors has agrees to make us payment like following manner:

Rs.1,00,000/- on 16.08.2025 while giving order to us.
Rs.2,00,000/- on 03.08.2025 during preparation of the product
Rs.3,00,000/- on 01.09.2025 during delivery of goods.

How will I account for those transactions on account of this Debtor and How will I show thee GST part. please advise.

while using ITR on efiling web site, 1.25 lakh is not getting reduced from total LTCG. Full amount of LTCG is shown in schedule SI and 10% and 12.5% tax is calculated on full amount.

e.g.
On LTCG of 4 lakh ( as shown in sch 112A) , tax on 2 lakh @ 10% is shown as 20000 and on 2 lakh @ 12.5% as 25000. The total of 45000 is carried to tax due. 1.25 lakh is not reduced from 4 lakh.

please advise if I am making any mistake in filing

1) The sale with onetime payment is on a future date i.e coming after 10 days when the payment will be credited to the seller. Wanted to fill up 26QB in advance and also to remit 1% TDS. But the system is not allowing to select future dates. So it means I can fill up 26QB on the date of transer of money to the seller?

2) There are two sellers and two buyers having equal shares. For the sale consideration of RS 55 Lakhs(and the stame duty value is also 55 Lakhs) and hence the consideration value for each is Rs 13,75,000/-. So there will be two 26QB forms for each buyer.Is the full value i.e Rs 55 Lakhs is to be shown or Rs the amount due is to be shown? if we give full value and the part amount due get a warning that "Warning : Please enter proportionate share of Stamp Duty Value.". How to proceed?

SIR
MY CLIENT HAS GONE FOR THE FIRST TIME OUT OF INDIA FOR EDUCATION IN 2024. HIS TOTAL STAY IN INDIA WAS 167 DAYS IN F.Y. 2024-25. HE HAS SALARY INCOME OF RS. 12 LAC IN F.Y.2024-25. IN FOREIGN HE IS GETTING STIPEND IN FOREIGN CURRENCY. WHAT WILL BE HIS RESIDENTIAL STATUS FOR ITR FILING? IF GLOBAL INCOME WILL BE TAXABLE OR NOT? HE HAS GONE FOR EDUCATION AND NOT FOR EMPLOYMENT. PLEASE GUIDE.

Hello Friends,

A humble request to provide guidance on the following issue.
My Company (A) is registered in Delhi and Noida
We received an order for selling of a machinery from a customer(B) in Bareilly, UP
The machinery to be manufactured by a company (C) in Gujrat and dispatched directly to Bareilly from Gujrat without taking delivery in Noida.
The machine is dispatched from Gujrat with invoice, e way bill issued by C and LR all made in made our favour(A) but transporter is instructed to deliver the goods to Bareilly.

My supplier(C) has asked me to issue an invoice to the customer (B) to Bareilly and generate the E-way bill also from Noida to Bareilly and WhatsApp him invoice and e way bill for transporter to carry with him and he will ask the trainspotter to issue a fresh LR from Noida to Bareilly . Is this documentation and movement covering the entire transit is OK?

The goods are dispatched from Gujrat on 13 th August and the lorry is supposed to enter UP 15th Aug night. Please advise when(which date) should I issue the invoice, Eway bill and fresh LR from UP(Noida in this case we are registered) to Bareilly.

Any special point to be taken care of other than above?

Matter is VV urgent request for early response
Thanks & regards
PCJ

Respected Colleagues,
If a person have allotment of Plot by PUDA (Haryana) but as per installment schedule, but he delayed in making payment and paid interest due to delay in payment, Now my ques is whether Interest paid along with principal payment can we capitalise in plot or not?