Dear Sir,
Suppose a brick klin owner purchased the coal of Rs. 100000/- during the fy 2022-23 and he consumed coal only of Rs 50000/- during the fy 2022-23. and adjusted whole itc paid on purchase of coal of Rs. 100000/-, agaist out put tax liability of 2022-23 and 50000/- coal was in balance on 31/03/2023.
In 2023-24 he opted 6% slab without adjustment of itc. Whether he has to reverse the itc on balance on coal stock of Rs. 50000/- ?

Gta service provider goods transported by two wheeler and issue consignment.
Is two wheeler vehicle satisfy goods carriage norms.
Is two wheeler transport attract RCM
Please Guide

1) X in Karnatak send goods to his Distinct person Y in Maharashtra & X also send goods to other customer in Maharashtra in one consignment.
2) Transporter is in Maharashtra
3) Transporter raise his bill for Distinct person sale & also other customer sale to Y Distinct person in Maharashtra
My perception is Below
1) Distinct person sale in Maharashtra,- place of supply is Maharashtra , so Sgst + cgst
2) other customer sale, X in Karnatak required to raise separate bill infavour of other customer - place of supply Maharashtra,, so Igst
3) other customer sale required separate bill

Can the following be capitalised - expenses incurred in a housing society
1) Bird net on shafts to prevent birds from nesting, prevent bird dropping etc
2) Paver stones replaced in one part of the area to plug leakages in the basement
3) fixing of tiles to beautify kids play area
4) Nets fixed in the play area to prevent ball from going out of the premises
5) UPVC partition for a basement room

Thanks in advance
2)

what should I do if a tax invoice is not uploaded in portal in 2025-26 now? Is there a procedure to upload and update in portal.

My trust's due date for filing for renewal of 12A and 80G was Sep-2025. But we missed that due date. Now, I filed with condonation. The application was filed under section 332 only ( "354" & "'both" options were not showing). and now I want to file the application u/s 354 also. But this section is not showing. What must be done?

Dear Sir / Madam

Under Section 54F of the Income Tax Act, 1961, an assessee can claim exemption on long-term capital gains arising from the sale of assets other than a residential property. To avail this exemption, the assessee must invest the entire sale proceeds in a new residential house property, not just the capital gain.

In the present case, there is a long-term capital gain of ₹2.5 lakhs from the sale of long-term shares, with a total sale consideration of ₹10 lakhs. The assessee plans to purchase a new residential house property in FY 2026–27 for ₹1.5 crore, with possession expected to take at least three years.

Accordingly, he will deposit the sale consideration into the Capital Gains Scheme (CGS) account for later utilization.

My question is: Can the assessee avail long-term capital gain exemption on the sale of long-term shares in subsequent years as well, if he has LTCG in Year 2 and Year 3?

Regards,
Suraj

I CLEARED MY PCC EXAM IN NOV-2010 AND ALSO COMPLETE MY ARTICLESHIP IN DEC 2010.
CAN I NOW APPEAR FOR CA FINAL EXM. IF YES, THEN WHAT DO I NEED TO DO NOW.
(Course Status: Lapsed Current Course: PCCFINAL Last Registration: 19 - Aug - 2011 Valid Up To: 19 - Aug - 2016) ITS SHOWING ON MY ICAI ID.

Brother wants to assist sister in property purchase but the 18L money transfer is done from brother's wife account to sister's account. Is sister will pay tax on this amount

etds return 26q for Q4 FY 25-26 has been filed on 30.04.26
Now i want to revise the same by adding new challan and corresponding new deductees

My question is whether late fees would be applicable in case revised etds return is filed after 31st May ?