Dear all
Now is it mandatory to obtain registration U/s 12A of IT Act to Education society. So far it was claiming exemption U/s 10(23C)

We have our own WATER TANKERS. We purchase the water from tubewell owners and supply to various housing societies and Industries as well. Some of our customers deduct TDS U/S 194 c from our bill. Is this correct i e they are rightly deducting TDS from our Bill. Pl advice

Ashok Khandelwal

We’re preparing a sample tax invoice to implement on one platform and need practical guidance on shipping charges charged from customers.

If an invoice has products taxable at different rates i.e. 5% and 18% GST, and suppose Rs 5,000 shipping/delivery charges (GST-inclusive) are charged, with shipping being incidental to the sale:

1. Should Rs 5,000 be shown separately or included in the taxable value of goods?
2. If included, how should it be allocated between 5% and 18% supplies?
3. If not included and we are showing it as a separate line item on invoice, then what GST rate & HSN we can charge for shipping?
4. What is the practically preferred way to show shipping charges in the invoice/HSN tax summary?

I am trying to show speculative income in ITR-3.
I have chosen 65(i) - (iii) under under Part A - P & L section and sub section 65 which is meant for those who do not wish to maintain books.
So my question is how to fill 65(i) - (iii) if I have loss instead of profit.
The 65(ii) is actually saying profit. So do I have to enter negative number here or leave it zero.
If it is zero then what to do with expenses in 65(iii)?

I have missed to file ITR for FY 2024-2025
I have received commission Rs. 790000 and 2℅ tds deducted.
Can iI file ITR now

I have sold goods of more then 77 lakhs by gst invoice in August 2026. Do I require deduction of tds from the party? Please clarify conditions for deduction of tds as sales were made from my gst proprietorship registered form??

I would like to seek clarification regarding the GST treatment and registration requirement in the following two scenarios: (1) If a person supplies only fresh fruit juice prepared on-site from fresh fruits, without any additives, processing, preservation or packaging, whether such supply would be taxable or exempt under GST and (2) if the person supplies fresh fruit juice along with biscuits and Thums Up, how would registration requirement be determined? In both cases, if the aggregate turnover is below the applicable GST registration threshold, would GST registration still be required?

Dear sir

I want to prepare automatic MIS from Tally

Is there any good AI tool available or any automated method?

Subject: Reporting loss on sale of depreciable business asset in ITR-3 under 44ADA (no books)
I file ITR-3 under Section 44ADA (presumptive taxation, no books maintained). I have documented WDV figures from audited books in prior years.
This year, from a 15% depreciation block:
Some assets opening WDV ₹8lakh were sold for ₹4lalkh received in account
Remaining assets in the same block were taken for personal use at FMV = WDV (no gain/loss)
The entire block now ceases to exist
This results in a short-term capital loss of ₹4lakh under Section 50.
Question: Since Schedule DPM (and the full Part A-BS balance sheet) seems to require books of account, and I don't maintain books under 44ADA, is it acceptable to report this loss directly under Schedule CG, Item 6 (sale consideration ₹4,00,000, cost of acquisition ₹8,00,000) — instead of routing it through Schedule DPM → DCG → CG?
Is this a defensible, accepted approach for a no-books 44ADA filer, or does it risk being questioned since Section 50/block-of-assets treatment is normally expected to go through DPM?

The taxpayer is engaged in the business of supplying fresh fruit juice, biscuits, and Thums Up. The taxpayer seeks to understand whether GST registration is mandatory in the present case if the aggregate turnover remains below the applicable registration threshold. The taxpayer also seeks clarification on whether the supply of only freshly prepared fresh fruit juice would be treated as a taxable supply or an exempt supply, along with the applicable provision/notification. Which thresold limit is applicable if 1)i supply only fresh fruit juice and 2)if supply both fresh fruit juice plus biscuit, thumps up?