Trust registered u/s 12A sold Equity mutual fund for Rs.10 lakhs on 25.03.2026 which was purchased on 12.1.2022 out of corpus fund for Rs6,00,000.
On 25.03.2026 Trust purchased another Mutual fund for Rs.10,00,000 ( means net consideration on sale of mutual fund was reinvested )
ITR 7 It was entered as followes:
Schedule AI – Sl. No. 8
Income other than Donation referred in Sec. 10, 11 & 12
Net consideration on transfer of Capital asset 10,00,000
Schedule A – Sl. No. 11
A. Expenditure of the trust/institution:
- Cost of new asset [to claim Exemption u/s 11(1A)] 10,00,000

My question is, is it needs to be entered in Capital gain Schedule also ? if entered in capital gain schedule it is showing as taxable income but in fact it is not taxable as it is reinvested in another capital asset please answer

A Person Wants to transfer Rs 50 Crore In Newly Set Up Trust. What is tha tax treatment of this amount in trust itr
Trust has no 80 G Registration

A&B ARE PARTNERS IN PARNERSHIP FIRM AND HAS COMPLETED NURSING COURSE THROUGH MEDICAL PARA DEPARTMENT. THEY COLLECTED BLOOD SAMPLE AT RS. 100 AND SEND IT TO LABORATORY AT RS. 70. LABORATORY REPORT ISSUED CONTAINED NAME OF PATIENT. WHETHER SERVICE PROVIDED BY A & B ARE TAXABLE UNDER GST OR NOT?
WHAT IS THE TREATMENT IF A & B ARE NON-MEDICAL STAFF??

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What is GST rate on bakery items registered under composition scheme.

After Submitted TDS Return Q1,2026 (From No. 140)(Previous Name Form 26Q) Department issue Intimation U/s 399 for (Short Deduction +Interest on Late payment) DEMAND Rs. 5020.00 .

Now My Question is NEW TRACE WEBSITE where I see this above demand & after demand paid  how I shall Clear is demand by online or offline.

SIR

I HAVE FILED ITR-4 FOR AY 2026-27 BUT I DONT KNOW AS UPON WHICH OTP GOES WHILE E-VERIFYING THE INCOME TAX RETURN. PLEASE LET ME KNOW HOW TO TRACE THE MOBILE NUMBER AS UPON WHICH OTP GOES.

Dear Experts,

An individual is already registered under GST for a manufacturing business. Now he wants to start retail business in different GSTIN under same PAN. Is that possible?

Also 1st GSTIN was applied before introduction of 14A in GST (small tax payers). Can he apply under 14A 2nd GSTIN if 1st was under regular process of application without 14A?

Pls advice

Regards,

AY 2024-25 FILED ITR UNDER 44AD
AY 2025-26 TURNOVER RS.3.77 CRORE WITH CASH TRANSACTION LESSTHAN 5% NORMAL RETURN FILED WITH PL AND BS WITHOUT AUDIT
AY 2026-27 TURNOVER IS RS. 2.27 CRORE CASH TRANSACTION WITHIN 5% LIMIT WANT TO FILE NORMAL RETURN WITH PL AND BS WITHOUT AUDIT
IS IT POSSIBLE TO DO ??

We had an outstanding income tax demand, and the corresponding interest was pending. The demand has now been fully paid. However, an earlier income tax refund was adjusted against this outstanding demand.

Could you please confirm whether we are now eligible to receive a refund of the amount that was previously adjusted against the outstanding demand, since the demand has already been paid?