Nikhil Sharma

Dear Experts
As per section 393(6)(ii) of income Tax Act. 2025, has threshold limit to 50 lacs and tds rate 2% been revised even if deductor is individual and service received on contract.

Pls confirm


tds files
03 July 2026 at 19:36

Sale of Forign Shares

05/2025 Purchased Apple shares and Sale on 09/2025 Short Term Gain Rs.18450/-. Tell me Tax Rate, its 20% or as per Slabs.


m b
03 July 2026 at 18:00

GST Taxability


I was awarded a sanitation tender by the Municipal Corporation.

This supply is exempt from GST.

I assigned this tender to my friend.

At the end of the month, I will submit an invoice to the Municipal Corporation for the exempt supply

On the other hand, my friend issued an invoice in the name of my firm for sanitation services.

So, will my friend charge GST on the invoice or not?


Vijay Shah
03 July 2026 at 15:46

Interest on SCSS

Is interest on extended SCSS taxable wef F.Y.2026-2027?


Sanjay
03 July 2026 at 13:42

ITR returnFY25-26

Sir,
My wife earn salary income FY 2025-26 Rs. 105000/- and Long term Capital Gain on Share of Rs. 30000/-
Its need to we file the ITR -2 or its not file return due to taxable income not crossed .

Thanks & Regards.

SANJAY


Vijay Kumar

The husband transferred securities worth ₹9,84,783 to his wife's demat account through an off-market transfer. Subsequently, the wife transferred securities worth ₹9,89,983 back to the husband's demat account through another off-market transfer.

Please advise on the income tax implications of these transactions in their respective Income Tax Returns (ITRs), including whether any tax liability or disclosure requirements arise for either spouse.


rmalhotra

Sir,
Usually Figure of Equity Shares and their values differ as shown in AIS and that shown in Broker's statements. This may happen because of many reasons of data mismatch .
If figures are different then P&L will also be different.
Under this situation , query;
1. Can we consider only Broker's statement of Capital Gain as prime source ,for reporting Capital Gain on shares by uploading broker statement with ITR filing in Schedule of CG and ignoring figures of AIS.
2 Can we ignore giving "Option " input information against each entry in AIS, because of large nos of transaction.
3. Is any reconciliation is compulsory or Optional ( as data is voluminous )

Pls guide pointwise what is right approach. Thankyou.


Jelly Bean

Here is the thing, most businesses are exhausted from posting every single day and still seeing nothing happen. No growth. No enquiries. Just effort disappearing into the void.
Seven average posts do not add up to one great one. They just fill a feed nobody asked for.
One post that actually says something, solves something, or stops someone mid-scroll does more for your brand than a week of content created just to keep up appearances. Quality is not a strategy people talk about enough because it is harder to sell than a content calendar.
So before you burn out trying to stay consistent with content that does not connect, think about what one genuinely useful or interesting post would look like this week. Just one.
Brands that figure this out early move differently. You can see that kind of thinking applied at https://www.socially.ae/ where the focus stays on content that actually works rather than content that just exists.


NIRMAL DAVE
03 July 2026 at 11:26

INCOME TAX ON REDEVELOPEMENT OF FLAT

Dear All,

I have a flat which is currently under redevelopement scheme. The flat is neither self occupied nor rented out.

I received monthly Rent of Rs. 10,000/- and lump sum amount of Rs. 2,00,000/- as a compensation from developer.

Please guide me whether rent and lump sum compensation received is taxable?

Please also guide me on applicability of capital gain & exemption under section 54 in such redevelopement case.

Thanks & Regards
Nirmal


Mahabir Prasad Agarwal
03 July 2026 at 11:00

LTCG on switch of units

Instead of sale, if I switch my units to other category, will I have to pay the LTCG on the difference ?






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