A private limited company's director owns a property along with his sisters. The company wants to eventually move its offices into this property. The company wants to give rental advance towards the property.

The director wants to create a partnership firm/LLP or Private limited company with his sisters who are co owners for this purpose. If it is a partnership firm or LLP, both of which are body corporates, an AGM approval is required. What is the position if agreement is entered by
1. director along with co owners in individual capacity and
2. a private limited company with the coowners as directors.

What is a full process of recording taxable goods purchase from urd without rcm notified in tally prime ?
Where to show these purchase value in gstr 3b ?

T_FV_6381 At least one deductee/collectee record is required in TDS/TCS statement as per Income Tax Department guidelines. Please add deductee/collectee details before validating the statement.

I updated only Interest in the Challan Column. No need to change the dedutees.

Hi Sir / Madam,
My in-laws are selling their Delhi property and buying an under construction flat.
Details are:
1. Selling property is in the name of Husband n Wife
2. All payments were made by the main applicant only ie., Husband while acquiring the property.
3. Husband is a pensioner and files ITR regularly / yearly
4. The payments to the new / under construction property are to be paid in specified installments as per the completion of project.
5. Majority (70%) of payments to the builder will have to be made by March'27.
Now, the query is,
1. Is it required to show the transactions relating to Sale n Purchase in the next IT returns? ie., AY 2026-27, as balance portion (30%) will be paid to the builder, in the next FY.
2. How to manage the Capital gains which is balance? (as the major portion is consumed in the new property) Do they need to open any CG account separately for this amount?
3. The payments are being transferred to both the owners of the sale property.
I need your guidance.
Best Regards

Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust with Section 12A and 80G Registration

I have a charitable trust registered under Section 12A and approved under Section 80G of the Income Tax Act, 1961. The trust regularly gets its accounts audited and files its income tax returns.

For Assessment Year 2024–25, my CA mistakenly filed Form 10BB instead of the applicable Form 10B. The Income Tax Return was also filed based on this incorrect filing.

When we discovered the mistake, we subsequently filed the correct Form 10B and revised the Income Tax Return. However, the Income Tax Department did not consider the revised filings and processed the return by disallowing the exemption claimed by the trust, resulting in an income tax demand.

I need a detailed, practical and legally supported solution to resolve this issue.

Please advise on the following:

1. Whether the department can deny the trust's exemption under Sections 11 and 12 merely because the wrong audit report form was initially filed, when the correct Form 10B and revised ITR were subsequently submitted.
2. Whether an application for condonation of delay under Section 119(2)(b), read with CBDT Circular No. 16/2024 dated 18 November 2024, is required in this case.
3. Which income tax authority should receive the condonation application, considering the time elapsed since the original due date.
4. Whether rectification under Section 154, a grievance on the Income Tax Portal, or an application to the Jurisdictional Assessing Officer/CIT (Exemption) is appropriate after condonation.
5. Whether an appeal before CIT(A) is necessary or advisable if the demand has already been raised and the appeal deadline is running or has expired.
6. The exact step-by-step procedure, relevant legal provisions, applicable CBDT circulars, supporting case laws and documents required to get the demand deleted.
7. Draft the condonation application and any subsequent rectification request or appeal grounds required in this case.

Please consider the fact that the error was inadvertent, the trust holds valid Section 12A and 80G registrations, and the correct audit report and revised return were filed after discovering the mistake. Explain the strongest available legal remedy and the appropriate order in which the applications should be filed.

A father and mother in india wants to gift each 500000 INR to their daughter who is an NRI and settled in USA. Each has fill seperate form 145 ( old form 15CA) to repatriate money to their daughter is enough to repatriate?

FROM
CA LAXMI MITTAL
VAPI
23-10-2026

Re. Filing of GSTR-9C for F.Y. 2025-26

WE ARE TRYING TO FILE WITH OFFLINE UTILITY OF GRTR-9C, DOWNLOADED OFFLINE UTILITY , FILLED UP ALL DETAILS & UPLOADED SEVERAL TIMES JSON FILE , BUT " ERROR DOWNLOAD BUTTON IS NOT ACTIVATED AFTER TRYING SEVERAL TIMES
Pl. help us
Laxmi Mittal

We have purchased under construction commercial property (office) value approx 75 Lacs. The seller issuing tax invoice charging 18% GST. Can we claim GST input Tax credit.

Dear Sir/Madam,
We are making frequent royalty payments to the Mining Department for procurement of murum. Along with royalty, the department is recovering DMF charges and SI charges. Further, GST @ 18% is being levied on the SI charges.

In my view, since GST is being charged separately on the SI charges and the minerals are being procured for use in the course of business, the GST paid on SI charges should qualify as Input Tax Credit (ITC).

or RCM only applicable , please suggest us

A Partner of firm introduced below 200000 in various days and totally introduced 1,45,00,000 during the year in his firm as partners capital . Is it attracts 269st to the firm.