Chandra Kala
This Query has 2 replies

This Query has 2 replies

24 September 2025 at 17:20

Form 10BB for the AY 2025-2026

Is it required to submit ITR for charitable trust / societies before submitting form 10AB for renwal of Registration. If so the Form 10BB not inserted by the Department


Jaswinder singh
This Query has 5 replies

This Query has 5 replies

Respected Colleagues,
One of my client running Restaurant and building of restaurant already shown in fixed assets, now proprietor wants to add another property (hotel) in business through valuation dated 17.02.2025 from Certified IT valuer and creates a new fixed asset in business to claim depreciation, now my question, Is proprietor follows correct way to capitalised the hotel in books through valuation is the correct way or some other way ?....kindly guide


Rajesh Topiwala
This Query has 1 replies

This Query has 1 replies

UNDER SECTION 194 IB, IF THERE ARE TWO TENANTS AND THE RESIDENTIAL PROPERTY IS ONE, THEN IF THE RENT IS 60000 PER MONTH IN TOTAL. AND EACH TENANT GIVES 30000 PER MONTH, IS SECTION 194IB APPLICABLE?


ARUN GUPTA
This Query has 12 replies

This Query has 12 replies

We received advance money of Rs3 lakhs by a party but party did not gave us balance 2 lakhs rupees. We forfeited the party's amount.how will we show in income tax? Is any gst payable on the forfeited amount although no supply of goods was made by us to the party? Please advise?


P.Madhivadhanan
This Query has 4 replies

This Query has 4 replies

23 September 2025 at 21:12

Alimony receipts

Money received by wife from husband through her mother in law by out of court settlement and it is shown as evidence in court as a settlement and the proof to be given to the court. The amount received by wife is taxable or not and the money is deposited by her mother in law in Bank whether that amount is TDS deductible?


K Rajan
This Query has 4 replies

This Query has 4 replies

23 September 2025 at 19:00

TDS - Form 26 QB

My friend is buying a house property for Rs. 85 lakhs. While making the payment to the seller he has to deduct Rs. 85,000/- as TDS. In this regard, shall I prepare Form 26 QB and remit the TDS amount.


Prashant
This Query has 2 replies

This Query has 2 replies

A Plot purchased by Taxable person's forefather and lastly transferred property on his name by his father
As property was purchased before 2001, how to calculate FMV @ 2001 to calculate indexation property.


SHARMA
This Query has 2 replies

This Query has 2 replies

I have transfered 9.99 lacs through rtgs to my son account as a gift.
1. Whether gift deed is mandatory
2. Making gift deed on plain paper is sufficient and meet legal requirement.


MONIKA KHANNA
This Query has 4 replies

This Query has 4 replies

22 September 2025 at 17:53

Brokerage on sale of flat

My client is selling a flat which is jointly owned by 3 individuals. He has to pay brokerage of 1.9 lacs jointly. Does he have to deduct tds .


S N UNNI
This Query has 2 replies

This Query has 2 replies

A TRUST WAS REGISTERED ON 6.4.22 AND RECEIVED REGISTRATION CERTIFICATE IN FORM NO 10AC FOR AY 22-23 TO 26-17. WHETHER THE TRUST IS REQUIRED TO FILE THE RENEWAL APPLICATION ON OR BEFORE 30.9.2025. PLEASE ADVISE,=.






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