HI
MR A (DOCTOR) EARNING PROFESSIONAL INCOME RECT( CLINIC) RS, 22.00 LACK ( 50% PROFIT DECLEARD) AND RUN A MEDICAL SHOP SALES FOR RS. 85.00 LACK (NET PROFIT RS.9.25 LACK) AND HE GET PENSION RS, 13.00 LACK.AMD OTHER INCOME RS.10.00 LACKS. HE IS NOT PROPER ACCOUNTS ARE MAINTANINED..
MY QUERY IS
1.HE AUDIT UNDER ANY SECTION 44AB ARE U/S 44AD?
2. HE COMPULSARY ACCOUNTS ARE MAINTANIED

THANKS

sir,
one it tax payer purchases of commercial property year 2020 value rs:27 lacs and same property sold year 2026 value rs:38 lacs as per market price .but circle rate was rs:70 lacs
question:
Tax payer take valuation report from approved govt valuer compulsory capital gain tax purpose

I purchased a used vehicle for rs.1,00000 under the marginal scheme and sold it b2b rs.1,10000 how should I report this in GSTR1 and 3B?

Hi Everyone,

Can anyone please share the new EPF ECR file/template for September 2026, applicable from 17th September 2026 onwards, after changing the EPF wage ceiling from ₹15,000 to ₹25,000?

I am unable to download the new ECR file from the EPFO portal. If anyone has the latest ECR format/template, kindly share it.

Thanks in advance.

Dear Sir,

Please, let me know what is the Implication in Accounting entries to be done in case of Import of Software Service Imported.
Let me know how can account it & What Compliances required to Fulfil.

Thanks

Dear ICAI NRI Helpdesk Team,

I’m seeking your guidance on the correct FEMA and tax requirements for a three‑step transaction involving a domestic gift, an NRO → NRE transfer, and a subsequent overseas remittance.

Scenario:
My father has transferred his own tax‑paid personal savings to my NRO account as a domestic gift. I plan to move these funds from NRO → NRE (internal reclassification within India), and later remit the funds from NRE → USA/Canada to my overseas bank account.

Since each stage falls under a different FEMA category, I want to confirm the correct documentation and compliance requirements for all three steps.

Step 1 — Father → Child’s NRO (Domestic Gift Transfer)

1) Could you please confirm what documentation is required at this stage? Do we need any kind of documents at this stage?
2) My understanding is that a simple Gift Deed and bank transfer proof are sufficient.

3) Is there anything else required?



Step 2 — NRO → NRE (Internal Reclassification)

1) Could you please confirm what documentation is required at this stage? Do we need any kind of documents at this stage?
2) My current understanding is:
NRO → NRE Transfer Form

Form 145

Gift Deed

Account verification (cheque leaf/screenshot)

I also request clarification on the following points:

Whether a CA certificate (Form 15CB/15CA/146) is required when the source of funds is a domestic gift from a parent.

Whether TCS applies to an NRO → NRE transfer, considering that TCS is generally applicable only to outward foreign remittances under LRS.


Step 3 — NRE → USA/Canada (Outward Remittance)
For the final outward remittance, could you confirm whether the following documents are sufficient? Do we need any kind of documents at this stage?
Form A2

Purpose code

Passport

PAN

NRE bank statement

Gift Deed (for source‑of‑funds clarity)

If any additional documentation is required at this stage, please advise.

Your guidance will help ensure that I follow FEMA and Income‑tax rules correctly at each step.

Thank you,

Kapil Gupta.

We have a proprietorship firm and rented to KFSCSC for Storage of Raagi. We make Rental Invoice with GST 18%. Now KFCSC wants to claim exemption under GST. Whether it is applicable or not?

Hi,
if we buy some furniture or assets for our office/store and the furniture provider charged Freight, packaging, installation on that bill (no seperate bill for all these) then we should deduct TDS on gross bill or only on total of Freight, packaging, installation?

A Real Estate Pvt. Ltd. Company has not filed its I T Returns from F Y 2021-2022 to till F Y 2025-2026.
Same is the filing status with MCA.

Company is transacting its business as usual every F Y in crores.

So far no reminder or any notices have been issued to file the pending returns either by Income Tax Dept. or MCA.
No action has been initiated till date.


Query is where is the transperency from the above Departments ?
Should it be considered as deficiency in the laws framed by the Govt.
Plz clarify what steps should be taken for such cases.

First, I raised invoices in Tally. Later, due to some reason, I deleted the invoices, e-way bills, and e-invoices from Tally. However, they were not deleted from the GST portal, where they are currently showing as valid invoices from the e-invoice source in the B2B section. What should I do? Should I issue a credit note by re-entering the deleted invoices, or can I remove them from the GSTR-1 report?