Hi,
We paid the Demand, for PAN Adhaar not linked of a person, and booked the extra amount of tds, in the previous year (journal entry for TDS payable), in that persons ledger...just wanted to know how we gonna adjust the amount deducted this year from his balance this year?
we paid the demand and subsiquently booked the amount of tds due in that person name in the previous year which makes TDS ledger a/c effect Nil...

We desire to shift the registered charitable trust with 12AB approval from Chennai (Tamilnadu) to Hyderabad (Telangana). What is the process to do so?

CA Laxmi Mittal
Vapi
03-02-2026

1. Filed Q3 TDS valid return
2. Required to file correction statement of above
3. After generating fvu from conso file, tried several times with a combination of Original RRR no of Q3 and tried several times in Previous RRR nos by quoting RRR no. of Q2 TDS return/ Previous acknowledgement no. of first rejected Correction statement of Q3/ Last acknowledgement no. of rejected Q3 but of no use

Kindly help us in quoting correct Previous RRR no. in above scenario pl

Thanks & Regards!

Please give me clarity whether a pvt ltd company can take loan from his sister company. Is it necessary to give back full amount to the sister company at the end of the year.
Please sort our mu confusion.
Prakash Menon
Accountant

Hello,

I am seeking an expert opinion on whether it makes financial sense to continue holding or exit a minority stake in a warehouse business. Key details below:

- Business: Warehouse / cold storage (partnership firm)
- Ownership: 12.5% minority stake
- Project start: Feb 2022
- Private capital invested: ₹1 Cr (borrowed at 18% p.a.)
- No private repayment so far due to bank loan priority
- Effective private debt today: ~₹1.72 Cr
- Expected private debt when repayment starts (~2 years): ~₹2.05+ Cr

Best operating year (FY 2024–25):

- Revenue: ~₹2.05 Cr
- Operating surplus before loans: ~₹1.26 Cr
- Bank loan repayment: ~₹1.0 Cr/year
- Free cash (entire business): ~₹25–27 L/year
- Cash to us (12.5%): ~₹3–4 L/year
- Expected post–bank-loan cash to us: ~₹15–16 L/year

Additional context

- Major commodity stored: mirchi
- Revenue depends heavily on rotation; low prices have capped growth
- Land value has appreciated from ~₹1.0 Cr to ~₹1.7 Cr

Questions

1. Does holding make sense long term given 18% private capital and minority ownership?
2. Since this is a partnership firm, can any business loss or depreciation be used to offset personal salary income?
3. Does refinancing the 18% loan make sense? If so, what realistic interest rates are currently achievable (secured / LAP / business loan)?
4. Is an exit valuation of ~₹1.8–2.0 Cr reasonable for a strategic buyer increasing control?

Looking for a candid, numbers-based opinion.
Happy to share detailed workings if required.

i was generate a invoice with eway bill, but after some days we have raise credit note due to some error and issue new tax invoice and same eway bill because material already delivered in previous invoice

Hi,
just wanted to check when to deduct the tax and calculate the interest on rent paid..

i have paid rent 1890k from apr-dec'25...i just wanted to know from when to calculate the interest on it? when it cross the threshold or from the beginning??

There were two IRMs on 21.07.2025 & 30.06.2025 of USD 50135 and USD 44110 respetively against which one shiping Bill generated on 21.07.2025 of USD 94360 consisting of two invoices EXP/001/25-6 for USD 88260 and Exp/002/25-26 for USD 6100. How to generate eBRC in DGFT site linking two IRMs with singke SB with two invoices?

..............................

If a buyer purchases a property and makes 60% payment to the property owner and 40% payment to the property developer, is TDS required to be deducted on payments made to both the property owner and the property developer?
Is TDS required to be deducted on payment made to property developer , if yes then under which section?