sir/Mam,

One person taken gst registration, he is small dealer paper plates, plastic item sale shop now My question he want to files his on estimation basis not he will cut bill to person His item product is 18% but he want to file on estimation basis @1%

Please guide gst returns monthly basis sales @1% where to show

Thanking you,

Can we claim last year TDS ?
TDS deducted on FD interest - 20% (as per PAN ADHAR NOT LINKED) - FY - 2024-25
Now, I am filling return for FY - 2025-26 and I want to claim TDS deducted along with FY - 2024-25. I have not filled IT return for FY - 2024-25.
If answer is yes then let me know how?

The taxable value of the assets is ₹10,00,000, with GST amounting to ₹1,80,000, making the total invoice value raised by the supplier ₹11,80,000.

During payment processing, it has been observed that the department has proposed to deduct Liquidated Damages (LD) of ₹50,000 on account of delay in the supply and installation of the assets.

As per my understanding, TDS under the Income Tax Act @2% and TDS on GST @2% should be deducted on the original taxable value of ₹10,00,000.

However, my reporting officer is of the view that TDS and TDS on GST should be deducted on the taxable value after adjusting the LD amount, i.e., ₹9,50,000.

In my opinion, Liquidated Damages are in the nature of compensation for delay and should not result in a reduction of the taxable value of the asset for the purpose of TDS deduction. Please suggest.

I passed the CA CPT examination and registered for CA IPCC in 2012. I appeared for the IPCC examinations until 2015 but could not pass. Now I want to resume my CA studies and appear for the CA Intermediate examination under the new scheme. What should I do?

Hello CA Club India.

I purchased a piece of land through a developer for X Lacs a few years back. The piece of land (plot) was registered in my name by the Sellers who were the direct owners of the piece of land, not the developer. The amount in the registered deed is Y Lacs which is less than X.

The developer has provided receipts for the X Lacs and given details of plot number etc. but as they are the developer they didn't show the payment made to the direct owners.

Now, as I am selling the plot, my CA is telling me that the cost would be Y not X which was paid to the developer. The developer received X Lacs which included developing the land (roads, demarcation, water supply, electricity etc.) However, as there is no indication of direct payment to the land owner, the CA is not able to provide me a plan for the LTCG.

How do we compute the LTCG in this case? Based on X Lacs which was actually paid by me or Y Lacs for which the registration was done.

Regards.

What documents are required to be submitted for applying a new TAN for a partnership firm, if signed through DSC ?

1. Are Tax Return Preparer, GST Practitioner and Non-CA Accounting Service Provider specified professionals u/s 44AA(1)?
2. Aren't they falling under "Technical Consultancy" of 44AA(1)?
3. Are they eligible to opt for 44ADA?
4. Is maintenance books of accounts compulsory for specified professionals irrespective of turnover or income?

Sir
My relative sold a land for 1400000 on12.8.25 purchased on 5.1.2007 @ 5100000/- He again purchased 2 vacant land 1) for Rs 2800000/- 2) 2495000/- how to calculate LTCG please sir any taxable amount is there ? how much ?

With Regards

S M pasha

House property was purchased (registered) in August 2023, as property is still under construction and the payment of the property is based on Construction Linked Plan of the Project. Installment for June 2026 was paidfrom proceeds from sale of Mutual Funds.

If Long Term Mutual Funds are sold in June 26, Can an assessee Claim Exemption U/s 54F against purchase of House property in August 2023?

IN WHICH SUB SCHEDULE UNDER CG SCHEDULE SHOULD I REPORT GOLD ETF STCG?
WHETHER STT PAID AND UNPAID, GOLD ETF GAINS SHOULD BE REPORTED AT SAME PLACE?