Cost of material consumed and
Changes in Inventory

Dear sir/ Madam

I proposed director a company entered into a rent agreement on Nov 2024 - sept 2025 after that decide to incorporate a OPC and got name reservation on June 2025 , can i continue with above said rent agreement and what should be written on the rent agreement.

please provide me a sample copy of rent agreement prior to incorporating a company on mail id . incometaxcon05@gmail.com

Good morning sir,

one client claimed ineligible ITC in FY 2021-22 & 2022-23, is it to be paid through DRC03 or to reverse in current financial year, since in current financial year there is no ITC, hence showing (-) negative figures in monthly GSTR3B return if we reverse it . . .

please guide me

If Mr. X Brings Immovable property as capital contribution in partnership firm then such property shall be booked by partnership firm at the book value in the hands of partner which is mutually agreed by all the partners then whether such clause is to be mandatorily mentioned in Partnership deed?

Respected Experts

Kindly let me know the implication for not filling of ITC 04 as we do not know for the same.

If now I start to file the same for last 3 to 4 year than any panelty is there ?

Kindly advise

One client have 40 lac business income and 30 lac professional fees income . Can client file 40lac income in 44AD and 30 lac in 44ADA in ITR-4 form?

**resolved and deleted

Which is the best book to enhance knowledge in direct tax, indirect tax, company law with different case studies?

Gift received (i.e. immovable property) from relatives without consideration should be recorded at which value (i.e. either Stamp Duty Value at the time of gift received or Cost of the Previous Owner) in the receiver’s books of accounts?

IN FY25-26 if my total income, including LTCG, is below 12 lacs. (87A rebate of Rs 60k) Do I have to pay LTCG tax? .can LTCG be offset against the shortfall in total income, and 12 lacs . LTCG is 9 lacs. other income below 3 lacs?