1) prepared an Excel bank entries template
2) created all required ledger accounts in Tally
3) created Tally mapping template in Tally
4) imported all bank entries into Tally successfully
5) when Alt+R is pressed unreconciled bank entries should be seen. but they are not seen.
6) therefore, manual bank reconciliation cannot be done
7) Tally shows them a "Available only in books"

Kindly suggest a solution to this issue. Thanks!

I have a taxable turnover of Rs. 97,00,000/- for the month of August 2026, which is an intra-state supply taxable at 18% GST. Under the current GST rules including Section 49, Rule 86B, and Rule 87, how much tax am I required to pay in cash and how much can be adjusted against Input Tax Credit (ITC)? Kindly clarify the applicability of the 1% minimum cash payment rule in my case.

My question is what is the GST rate on sale of racing horse and HSN code ?

Hello Experts -

This is a question from a lay person regading the recently (CG-DL-E-15082026-275490) introduced FAST-DS 2026 scheme.
Here it mentions that any money paid by a declarant via the scheme (fee/penalty etc for disclosure) is non refundable, cant be set off etc.
Question:
For person declaring a bank a/c under this scheme, the requiement is 'Sum of all deposits'. A person who had this a/c a decade ago was informed by the foreign bank that the retention policy meant that the statements are only available after 2018.
The rules just ask for supporting documentation but theres no room for variation when reporting 'sum of all deposit' for bank account, an alternative was not provided in the rules. (though it was provided during a similar scheme in 2015) ie, Question 5. https://www.incometaxindia.gov.in/documents/d/guest/circular15_2015-pdf

Main part -
SInce there's no refund, & no mention of a provision/mechanism (like e-campaign for taxes) for a declarant to answer queries that the dept might have about a declaration made by a person., the person has no alternative but to declare pay the amount and then hope it is approved (since there;s no mention of 'Best estimate' alternate for 'sum of all deposits' like the scheme in 2015)?
From the way it is framed (atleast to a lay person) it looks like there's no support or explanation mechanism mentioned in the scheme for edge cases, so after paying the dialog is closed and if it is rejected for whatever reason, the person filing wont know the reason and most importantly the money will be lost.
Can an expert or someone who is reasonably familiar with law-speak please reply if this is as rigid and recourseless as it appears to be.

Thanks in advance for your expertise

A Director want to reactivate his old DIN (not in use since a few years). The mobile and email are old which he has no access too. When I am filling the new KYC form for reactivation (alongwith change in mobile number and email ID) it asks for DSC on form. I have to create his user profile to register the DSC. To create Business User ID, again I will require OTP on email and mobile which he is not able to access. In this situation what should I do to reactivate his DIN? Please help

The original TDS return was successfully filed under Section 140 (Form 26Q) and was initially accepted by the Income Tax Portal.
However, upon checking the status on the TDS TRACES portal a few days later, I found that the return has been marked as "Rejected". To rectify the errors and submit a revised/correction return, I attempted to download the Consolidated (CONSO) File from the TRACES portal. Unfortunately, the portal is not allowing me to raise a request for the CONSO file due to the rejected status of the statement.
What will do pls guide on this.

MY QUERIES ARE:
1.A SMALL PRIVATE COMPANY IS INCORPORATED ON 28.03.2025 IS THERE ANY RELIEF PROVIDED IN THE ACT TO CONSIDER ITS F.Y FROM 28.03.2025 TO 31.03.2026 FOR ANNUAL FILLING OF RETURNS IN ROC
2. IF PROVIDED THEN PLEASE GUIDE ME THE PROCESS OF FILLING ANNUAL RETURNS ALONG WITH THE DOCUMENTS REQUIRED TO BE MADE.
HOW TO MAKE DOUCMENTS FOR THIS TYPE OF FILLINGS

Hello Members,

I seek your guidance regarding a TDS issue on property sale.

My total TDS liability was INR 9,695.

I paid INR 9,635 on 7th November 2025, which was within the due date.

The remaining balance of INR 60 was paid later on 3rd September 2026 through a fresh Form 26QB.

Despite this, the Income Tax Department (ITD) has issued a defaulter notice and imposed a significant penalty on the amount of INR 9,635, which I had already paid on time.

I need advice on:

How to draft a reply to ITD clarifying that INR 9,635 was paid within the due date? To whom I should address, what is the email id?
How to link both Form 26QBs (acknowledgement numbers) to demonstrate that the full liability of INR 9,695 has been discharged?

Any expert inputs or references to relevant provisions would be greatly appreciated.

Thank you,
Somenath Dhar

MY QUERIES ARE:
1.A SMALL PRIVATE LIMITED COMPANY INCORPORATED ON 28.03.2025 CAN GET RELIEF FROM FILLING ANNUAL RETURNS WITH ROC FOR F.Y 2024-25.
2.CAN IT EXTEND ITS F.Y FROM 28.03.2025 TO 31.03.2026
3.IF IT CAN EXTEND THEN PLEASE GUIDE ME THE WHOLE PROCESS FROM THE FIRST DOCUMENT TO BE PREPARED TILL THE LAST ONE.
4.ALSO GUIDE ME HOW TO FILE ADT-1 FOR THE SAME TO APPOINT AUDITOR FOR THE RESPECTIVE PERIOD FOR CONDUCTING AUDIT.

SIR,

WE ARE ISSUING CREDIT NOTES TO OUR CLIENTS AFTER SALES WITHOUT GST. NOW DURING THE TIME OF CLIENTS AUDIT THE AUDIT PARTY RAISING OBJECTION IT CANNOT BE ISSUED. PLEASE ADVISE WHETHER WE CAN ISSUE CREDIT NOTES WITHOUT GST FOR DISCOUNTS.

THANKS IN ADVANCE