Whether any expense allowable against capital gain of mutual fund?

Sir a individual received money(10 lac) from his father( land aquitition comensation by NHAI and Railway) as gift
my query is
how to declare in itr ???? is it taxable gift???? because more than 50k
OR no need to show in itr???
please advise
Vikas

One salaries person deposit cash more than one crore in FY .2024-25, in his saving bank account.
which is related to other person business receipt.
Which is day to day transaction cash collection and deposit daily in 1-2 days at bank.

Please suggested solution, how to deal with problem and how to file ITR and which ITR (under which section) in this case.
how much income to be declare

Sir,

We are manufacturing of Tyre Remoulding products i.e Precured Tread Rubber etc. while producing the Precured Tread Rubber (Finished Goods) 3% to 5% of Crumb Rubber & Rubber Flash generated from finished goods.
we are using crumb rubber generated from above process to further process of semi finished goods i.e Master compound of Precured Tread Rubber .

presently we are showing only finished goods entry in tally erp i.e Precured Tread Rubber.

Please guide us how can i show this above process and whether its effect to GST ?

Thanks & Regards
SANJAY

1. Please share list of valid legal heir certificate for Wife of deceased person FY 2024-25.
2. Can Aadhar of wife be accepted as Legal Heir Certificate as it has name of Husband.

https://youtu.be/eVzKksnc2xA?si=tz3Schtanx6Gssbg

Came across a video by Zerodha on HUF Gifts.
Are the explainations given right. Will be very thankful if one can clarify.

Hello,

Can any one help me for registration, documents verification in US CPA course??

I want to start this course without coaching class i.e third party classes. I am a ca final student so, I want to make self study.

Need help for registration, documents verification and availability of materials audio, video etc

Thanks in advance

Should I pay the exact self assessment tax or a little more???. If there is a shortfall as per 143(1) and i pay BEFORE DUE DATE OF FILING ITR, is there any penalty or interest. I AM SENIOR CITIZEN

Respected Sir,

One of our client GTA was providing services under forward charges @12% & having 5 Lorries which have purchased in May-2022. But Unfortunately, proprietor died in July-25, now we have applied for closure of this business as family don't want to continue.
Sir, my query is that : should we reverse the ITC taken on above lorries by reducing the ITC amount 5% per quarter basis and we have to pay 35% of ITC availed (ITC Availing time 3 years + 1 Quarter = 13 Quarter i.e. 65%)? Or we can avail any exemption in this exceptional case.

Kindly Advise.

Rakesh Sharma

Dear Expert,

I seek your guidance regarding the applicability of e-invoicing and the 30-day reporting requirement under GST based on the following facts:

My aggregate turnover in FY 2023–24 was below 10 crore.

During FY 2024–25, my aggregate turnover exceeded 10 crore only in March 2025.

I did not generate e-invoices for B2B transactions issued in April and May 2024, these e-invoices were generated on 10th August 2025.

The time limit 30-day e-invoicing reporting rule was notified as effective from 1st April 2025.

In this context, I request your guidance on the following:

1. Does the e-invoicing mandate, along with the 30-day reporting rule, apply retrospectively to invoices issued in April and May 2024, even though my turnover was below 10 crore at that time and only crossed the threshold at the end of FY 2024–25?

2. Can I be held liable for non-compliance or delayed compliance in generating e-invoices for the above-mentioned period, considering that the mandate became applicable only after my turnover exceeded the prescribed limit at financial year-end?

3. If e-invoicing and the 30-day limit are applicable in this scenario, what specific penalties or consequences might arise due to the delay in e-invoice generation for April and May 2024?

The GST portal continues to allow generation of IRNs for April–May 2024 invoices in August 2025.

Thank you for your valuable guidance.