Kunjan
14 February 2026 at 13:34

Surcharge on pvt discretionary trust

143(1) levied strange 10 or 15% surcharge on pvt disc. trust having just 7 lakh interest income,

i thikn its taxed at MMR, thats y?

not sure,


Suresh S. Tejwani
14 February 2026 at 11:09

Surcharge on TDS on sale of property

Seller is NRI, buyer is resident, sale value of property is 95 lakhs, how will be the surcharge calculated on the same, when we do not know the total capital gain/ total taxable income of the seller.
How much will be the total TDS to be deducted?


Vijay Kumar
13 February 2026 at 19:16

Journal Entry on Foreign currency payment

I paid 80,000 Euro at exchange rate of Euro to INR 107.59 total INR debit from bank was 8607200 and USD to INR exchange rate is INR90.72, now accounting/reporting currency is USD. please prepare the journal entries how to pass in my books of account in USD


Radha Krishna Reddy Devagiri
13 February 2026 at 17:29

GST on MGNREGS

One of our clients completed the contact work under MGNREGS. The Executive Engineer deducted TDS @ 1% CGST & 1% SGST on the total value of the contract work, but paid GST @ 28% on Cement only (even though it is a contract work). What will be the GST structure on MGNREGS works


omnath

SIR
AOP TRUST FILED ASST-YEAR 2025 -26 LOSS OF RS.175813/- AND WITH REFUND CLAIM OF RS.39527/- BUT THE INTIAMTION U/S 143(1) COMPUTERD WITH 234C INTEREST RS.7019/- REFUND BALANCE AMOUNT RS. 33,000/- CRIDTED IN BANK ACCOUNTS.
1. 234C INTEREST IS APPLICABLE IN THE CASE FOR AOP
2.HOW RETIFICATION REQUEST AND GET THE INTEREST AMOUNT OF RS, 7019/-
PLEASE GUIDE
THANKS


vicky choudhary
13 February 2026 at 01:43

How to show in itr 3

Sir mera tin sources of income hai at first business income jo ki mai 44ad me lena chahta hu dusra commission and brokerage income v hai and short term and long term capital gain share market income v hai ab mujhe bataye ki itr 3 kaise dikhau pls reply me


yamini devle
12 February 2026 at 17:20

GST QUERY RELATED TO REFUND APPLICATION

WE HAVE A BRANCH TRANSFER AND EXPORT SALES DURING THE RELEVANT PERIOD. NOW WE WANT TO APPLY FOR THE REFUND OF ACCUMULATED INPUT TAX CREDIT AS PER RULE 89(4) FOR THE RELEVANT PERIOD. WHETHER ADJUSTED TURNOVER DEFINITION INCLUDE THE BRANCH TRANSFER AMOUNT OR NOT??.
PLEASE GUIDE US AND IF POSSIBLE THEN PROVIDE THE SECTION REFERENCE FOR OUR BETTER UNDERSTANDING


Suresh S. Tejwani
12 February 2026 at 13:39

PRE DEPOSIT

HOW MUCH PRE- DEPOSIT TO BE PAID UNDER SERVICE ACT, ON WHICH ELEMENT I.E., TAX + INTEREST + PENALTY AND ON THE BASIS OF HUMANITY GROUND DEMAND CAN BE WAIVED?


Sandhya Garg
12 February 2026 at 13:09

Sec 393(1) SI.No.2 of Income Tax Act 2025

I would like to clarify whether, as per section 393(1) SI.No.2 of Income Tax Act 2025, in case the payer is an Individual or HUF, TDS is required to be deducted at 2% irrespective of the nature or classification of the asset. Further, in cases where the payer is other than an Individual or HUF, whether the applicable TDS rate should be determined based on the classification of the asset.

Please reply, welcome your response.


Ajay Arora
12 February 2026 at 12:26

Draft trust deed for school

Looking for draft of trust deed for school. Further looking forward to know can there be two settlor in trust deed. Similarly can there be two managing trusties in a trust for school.






CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query