we are tax auditors only.
assesee is a partnership firm, having exports to its related party (son of partner).
however, it does not fall in transfer pricing (as no common shareholding).
my question--> no need to show in 3cd right? do we have to show in notes to accounts accounting standard 18?
my view--> ALTHOUGH icds is not in related parties, general accounting principles mandates reporting sales to related parties ( as 18 ) (but am i right)?

Please can anyone assist me regarding claiming refund
Reahrding AY 2025 2026
My tax payable was ₹56,000. Due to a portal error, my initial payment of ₹57,000 wasn't reflected, so I paid ₹57,000 again. However, I received a refund of ₹1,000 . Now, I also want the refund for the payment of 57,000 made
again. Now challan also reflecting in their portal .
Payment was done through card and I found out when it was debited in my statement.
Will claiming the refund again lead to more scrutiny?

which column to show purchase of goods from registered dealers (fully paid them, no creditors) in clause 44?

Expenditure in respect of Registered Entity relating to other registered entities
and
Expenditure in respect of Registered Entity relating to total Payment to registered entities

my view--> to show in both, right?

Want to confirm that in case when we are claiming exemption of 10(23C)(iiiad)(society running school with fee less than 5CR only education purpose) then whether form 10BB ie audit report is mandatory or not in FY-2045-25.

Dear Sir / Madam,

Mr A sold a flat to Mr B & Mrs B for Rs. 1 Cr. Since there are 2 buyers, two Form 26QB are required to be filed.

There are two fields in Form 26QB
1) Total Value of Consideration (Property Value)
2) Total Amount Paid/ Credited to seller

What values to be mentioned for the above fields in case of each buyer?
Is it
1) In the first field - 1 Cr for each buyer or Rs. 50 lakhs for each buyer?
2) In the second field - Rs. 50 lakhs in each Form 26QB - right?

Kindly guide.
Thanks & Regards,
Suraj

Sir, the above name suggests that it is e-appeals scheme,2023, hence, it would not fall under faceless appeals schme. Am I correct ? What is the monitory limit for JCIT Appels?

Hey There,
Every Year I utilized the deduction U/s 80JJAA of Income Tax Act under old regime . (In this year under regime I want to utilize the same but offline Utility dose not allow me to do that) . Where as I searched google that 80JJAA allowed in new regime. and my ca also filled form 10da with Tax audit but still i unable to do that.

Hello Sir/Madam,

I have a newly registered proprietorship Export business (Merchant Exporter). My estimated annual turnover is below 1 Cr. for FY2025-26.
I have some invoices of freight forwarder, Shipping lines and professionals to pay. I want to know whether I need to take a TAN number and deduct the TDS, is it mandatory for me or an option only.
Please guide me accordingly.
Thanks

HII!!!
assesse has capital gain of RS. 5.5 CR in mutual fund, sale consideration of RS. 18CR .
1. assessee has purchase house property of 11CR, by taking loan of RS. 8CR
2. assess has one residential property where she is residing.
assess has another residential property which is use by the partnership firm where assessee is the partner.
no other property other than above own by assessee.

can assess claim exemption under section 54F???

TDS of ₹70,000 has been deducted and deposited under Section 194-IA during the Financial Year 2024–25 (A.Y. 2025–26) against part payment received for sale of property. However, the sale deed has been executed in the subsequent Financial Year 2025–26 (A.Y. 2026–27).

Kindly clarify the correct treatment in the Income Tax Return — whether the TDS entry should be completely deleted from A.Y. 2025–26 and manually entered in A.Y. 2026–27, or whether it should be retained in A.Y. 2025–26 with NIL corresponding income and a note stating that the TDS credit of ₹70,000 is being carried forward to the next assessment year as per Rule 37BA(3) of the Income-tax Rules, 1962.