Sandeep Jain
This Query has 2 replies

This Query has 2 replies

17 April 2026 at 13:03

SFT Cash Deposit in Current Account

Sir

Please suggest to me We Deposit Cash in Bank In FY 2025-26 Rs.55 Lacs in Current Account. Totaly turnover Rs.66 Lacs mostly Sales in Cash in mode. Can be face any issue from department please advise to us


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

We seek clarification regarding the applicability of TDS on software renewal charges.

In our case, payments are being made to a single vendor; however, such payments pertain to renewal of different software licenses and website services.

Kindly clarify:

Whether TDS is applicable on such software and website renewal charges.
If applicable, under which section of the Income Tax Act should TDS be deducted


ravikanth
This Query has 1 replies

This Query has 1 replies

if a partnership firm is paying rent to partner tds applicability AY 2026-27 and threshold limit


V Ishu Hegde
This Query has 1 replies

This Query has 1 replies

X Sold residential Property for Rs.17500000 on 30/3/26 .Rs.17500000 17500000
Cost of acquistion on 1/4/2001 is rs 2386500 2386500
indexed cost of property Rs.8973240
ltcg Rs.8526760 15113500
X wants to take deduction under sec54 what is the amount to be invested in residential flat?
if he open a capital gains scheme ac by which date should the amt be in capital gains scheme?


Ganapathy Subramaniam
This Query has 1 replies

This Query has 1 replies

Can anyone please share the PDF file


Sulafa S.V
This Query has 1 replies

This Query has 1 replies

Dear Sir/Madam,
I have purchased an immovable property from an NRI. I would like to know how to deduct TDS in this case. I have already registered for a TAN on the Income Tax portal; however, I am unable to find the option related to the sale of immovable property.
Could you please guide me on how to proceed?


Kollipara Sundaraiah
This Query has 3 replies

This Query has 3 replies

sir,
Is there is need to change partnership deed on new stamp paper due to substitute of Income tax Act ,1961 to New Income Tax Act,2025. As Act as well as partnership interest and remuneration clause has been changed. Interest and remuneration to partner in erstwhile Act were allowed under section 40 (b) whereas in new Income Tax Act ,2025 these are allowed under section 35 (e) - Stamp Paper


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

17 April 2026 at 11:08

TDS SECTION AND RATE

Is TDS applicable on business support services ? if yes under which section and rate?
HSN Code : 00440366


Kunjan
This Query has 6 replies

This Query has 6 replies

assessee is practising ca having receipts of 3 crores for fy25-26.
he is of view , as i am following cash system , no need to follow icds and hence, no need to follow merchantile system.
my question -- in 3cd, is cash system allowed?
assessee's view --> so even in 3cd, no need to follow merchantile system, as he is following cash system .

my view-->cash system is not allowed in 3cd As CBDT has clarified Circular No. 10/2017, dated 23-3-2017, that the general provisions of ICDS shall apply to all persons , so , merchantile is compulsory for 3cd right. am i right? or is cash system in 3cd allowed?


naveen jain
This Query has 1 replies

This Query has 1 replies

14 April 2026 at 17:48

Eligibility for Presumptive income

An MF Distributor earns income by way of brokerage. Can he choose to compute his income as per presumptive income scheme? If not, then under which section is a business earning from brokerage or commission not made eligible to declare income under presumptive income scheme? As per section 58 of 2025ACT and Table given there under column B , it states, "Any business other than the business specified against serial number 2". It states ANY BUSINESS" which will cover all business other than specified in serial 2. So business earning brokerage or commission gets covered.
Please advise if there is any other overriding clause excluding business earning income by way of brokerage from presumptive income scheme.
Thank you






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