In a case involving exemption under Sections 54 and 54EC of the Income Tax Act, the first instalment for the sale of the original asset was received before the first instalment was paid towards the new residential property. However, the registration of the new property was completed before the registration of the sale.

1. Can this sequence be considered as "part performance" under Section 2(47)?
2. Additionally, if there is another unit in the same apartment building (e.g., the floor above the purchased unit) being bought simultaneously, can both be treated as a single residential house for the purpose of Section 54? (Ref: K.G. Rukminiamma v. ITO)
3. If yes, and there is still a balance capital gain, can the remaining amount be invested in Section 54EC bonds for further exemption?

Would appreciate expert insights on the above.

My client is a salaried employee of an IT company in Bangalore.
He did some moonlighting work for another company and received payment of Rs 3,50,000 during the FY 2024-25. They deducted TDS u/s 194JB. Can I claim some Expenditure against this income ?

Hi,
I would like to know whether MGT-14 is required to be filed by a private limited company in case of EGM resolution passed to appoint auditor (casual vacancy due to resignation).

Sir,

Odisha Profession Tax liability for the month of April-2025 is INR 4,500.00. It will be deposited on 25.07.2025.

What would be the amount of interest to be deposited along with the tax?

Please suggest.

DEAR EXPERTS,

I HAVE AN ISSUE WHILE VALIDATING THE INCOMETAX RETURN AS ACCOUNT TYPE ERROR IN SOME CASES. EVEN AFTER REVALIDATE THE SAME.
SO PLEASE CLARIFY IT.

Sir/Madam, I got a Bill for amount 80,000/- for drawing some pictures for class 1 book. Now should I deduct TDS for which section 194C or 194J?
There are no written agreement.

Dear All,

Please advise for final CWA coaching center classes through online for all papers

Thanks

Sir,

I want to know how to check which platform are registered under RBI for crypto trading or FNO trading now a days??

Can anyone know how many platform he was registered for crypto trading based on his PAN Card??

Please guides me at the earliest.

For my NRI daughter, I had entered both the NRO and NRE account details under Profile section.
These bank details are automatically transferred to the Bank Account details under the Part A 'General Information' schedule. After entering all the details for filing and at the time of final validation, it is giving an error - Category of Defect A : Field : Type of Account Error Desc : Pls select type of account.
On scrutiny of the Bank Accounts under 'Bank Details' under General Information- in the NRE bank account , the Type of Account is showing a value 'bankacctypes.9' instead of 'NRE' . NRO account type is fine. On getting into the details of the type of account allowed it is NOT showing the 'NRE' account type. This is causing the error I think. What is the solution? Is NRE account details need to be mentioned as interests in this account are tax free?

MY CLIENT IS HAVING TAN NUMBER AND IN THE PREVIOUS FY THE TURNOVER IS BELOW ONE CRORE.
MY QUERY IS THAT WHETHER HE IS LIABLE FOR TDS DEDUCTION IN CURRENT FY 2025-2026 OR NOT.