* Builder originally sold the property to Buyer A for 1 Cr.
* Out of which 80 lakh has already been paid, and 20 lakh is still payable to the builder at possession.
* During construction, Buyer A sold the property to Buyer B for 1.50 Cr.
* Buyer B has paid 1.30 Cr to Buyer A, while the remaining 20 lakh will liable to pay directly to the builder at possession.

My query is

1. For Form 141, the sale consideration between A and B should be reported as 1.50 Cr right?
2. If 1.50 Cr is the consideration, what should i mention the transaction as lumpsum or installment? Because only 1.30 Cr is currently paid to A and Buyer B eventually pays the remaining 20 lakh directly to the builder at the time of possession.

If mark it as a lumpsum then sales consideration and amount paid won’t be matching..

If mark it as a instalment then it should be first installment i guess, but for subsequent payment PAN number of deductee will get change.. will it allow me to file the TDS form with different PAN number?

RESPECTED SIR

OURS IS A PVT LTD COMPANY TODAY IS 2ND OCTOBER 2026 WE HAVE NOT YET APPOINTED THE AUDITOR FOR THE YEAR ENDING MARCH 27 IS THERE AN AMPLE TIME TO APPOINT THE AUDITOR FOR THE YEAR ENDING MARCH 2027. IS THERE A DUE DATE FOR SUCH AN APPOINTMENT.

WITH KINDEST REGARDS

Assessee had deposited TDS challan by wrongly selected FY as 2025-26 instead of TY 2026-27.

Now, the Old Traces portal is limiting the challan corrections to earlier years only and New Traces portal is completely blocking the correction request to change FY 2025-26 to TY 2026-27.

So how we can make corrections in the TDS challans ?

Dear Sir,

Tax Audit Report with ITR-6 both were uploaded together on 30th Sept but the very next day the CA was expired unfortunately but the UDIN is yet to be uploaded with the DSC of the deceased CA. Please guide me what to do in such a case.

If an assessee whose income is in hundreds and wants to file ITR U for bank loan purpose, how much is the minimum tax that the assessee must pay to file ITR U and The tax amount without which the ITR cannot be filed?

Sir I have HUF in the name of my father how to change the existing karta after his demise as my father was the karta previously,As well i do not no HUF deed i have only PAN card of HUF.Please give me the solution.

Dear Sir

A firm has set up a freezing and processing plant where all the machinery were purchased inclusive of GST. Will the firm be able to claim a set-off for the Input Tax Credit (ITC) accumulating on the portal? This is relevant because when the firm issues the bill for job work to the customer, it will charge GST on that service.

With kindest regards

TARIQUE RIZVI
982 1630 130

Before September 22, we purchased goods on which GST was charged at 18%. We paid this 18% GST to the supplier. However, from September 22, those goods became exempt from GST.

My question is: Can we still use the ITC of the 18% GST that we had paid to the supplier on purchases made before September 22 to set off our GST liability? KINDLY PROVIDE EXAMPLE ALSO

Sir
A company while purchase of any raw material which attract GST ,which value it entered in P&L Account. ie whether GST inclusive price or GST exclusive price.
Similarly while making sale whether credit side of P&L Account value include or exclude GST.
Regards
Abhijit

Hi
One of our client is working from India for an Qatar Company, he has received a salary income from Qatar Company in Dollars directly credited to his India Bank account with all details how many dollars received and conversion rate as on date.
He filed the Returns with normal India Salary income for FY 2025 - 2026.
He received an email to report the foreign assets, how he can file the revised returns disclosing his foreign salary income.
Please suggest.
Thanks
Abdul Razack