Dear Team, If we purchase an Assets in Mumbai under merchant export to Bhutan under GST rate @.1% and transport the goods at our cost to Guwahati and further to Thimpu in Bhutan. Then how to capitalise cost of transport upto Guwahati on Assets at Thimpu, Bhutan.
Thanks
Dilip Baranwal

Respected sir/s,
new accountant of the firm filing Gst returns for November-2025 and while offsetting the payable gst she only utilized the credit balance of IGST & CGST only by leaving SGST Credit, now there is a very huge balance kept in SGST, but now i.e., for the month of May-2026 client has to pay in CGST, thought there is huge credit balance in SGST ledger,

could you please give any suggestion in this regard, to prevent from paying ..

5 Year rent lease agreement made for business purpose warehouse.
Can this agreement total amount shown in balance - sheet as a liability to show as payable & same amount shown in asset side as fixed asset is essential as per accounting standard.

Is depreciation permissiable.
Or
Directly rent debited to P& L account, without showing effect in balance sheet.
Which is authentic method
Is accounting standard applicable, if yes, which No.

If Assessee is having 9 Trucks & gross receipts is more than 2 crore.
can we file return ITR-4 under section 44AE or required tax audit??

Hi,

I have few queries regarding reporting of house property in ITR :

1. If I have 1 or 2 self occupied house property, where do i report them in ITR? (Considering net income for both as zero).

2. Is a commercial property also part of house property?

3. I have bought a residential plot for investment. Will it also form a part of house property?

Thanks in Advance.

Dear Sir,

We have made a new TDS payment using Challan Code 1026 for Professional Fees deducted at 2%.

However, the current payment pertains to Royalty under Section 194J, where TDS has been deducted at 10%. We noticed that the challan is showing Code 1027.

Kindly confirm whether Challan Code 1027 is correct for this payment or if any correction is required.

Thank you

Where the lease agreement is in the name of a partner and the partnership firm conducts business from the premises and pays GST on its sales, whether such an arrangement is legally valid and acceptable under GST and other applicable laws?

Since the property was registered and transferred on 28 March 2026, but the buyer paid the balance amount and deposited TDS in May 2026 (Tax Year 2026-27), in which assessment year should I claim the TDS credit of 2 lakh ?

Can the TDS credit be claimed against the capital gains reported for the property sale dated 28 March 2026, or must it be claimed only in the tax year in which Form 132 reports the TDS?

TDS entry showing in Tax year 2026-27 not in 2025-26

Has anyone dealt with a similar Form 132 / Tax Year 2026-27 transition case under the new Income-tax Act, 2025? or anyone tried to change the assesment year after 7 days window close

HI,
WHILE SON GOING ABROAD TRANSFER ALL SHARES TO FATHER...IN DP ACOUNT OFFIVCIALY, BEFOR APP. 10 YRARS.
FATHER ENJOYED DIVIDENDS ETC...NOT SALE A SINGLE SHARE...HAVE FULL DATA.
WHETHER, FATHER CAN PAY CONSIDERING SENSEX, INCREASED,
EG. VALUE TRANSFER APP 1.0 LAC, TODAY 8,00 LAC ..
WHETHER FATHER HAS TO PAY ANY TAX ? OR SUN NRI, HAS TO PAY TAX ?
PL SUGGEST BEST/GUIDE .....

In AIS report of one of my client, many transactions and figures are shown under Sales Consideration and Cost of Acquisition columns. But, as per my client, no any unit or share was sold during the concerned year. How should I proceed sir ?