Hi,
Can an individual having rental income above 20 lakhs can register under composition scheme for rental income?
If yes , then flat rate to be paid on total rent income? i.e rent from commercial + rent from residential properties?
Please advice.
Regards,
Dear Sir,
Please, advice to me for TDS Rate for Interest Payment to NRI Director.
Thanks & Regards,
Whether TDS applicable on Business support services?
if yes then under which section and rate?
HSN code : 00440366
IN 4TH QTR OF 2026 DUE DATE OF PAYMENT IS 30/04/2026 IF I PAY TDS LATELY WHAT WILL BE THE LATE FEES ?
EXAMPLE :
TDS AMOUNT 10000
ACTUTAL DATE OF DEDUCTION 31/3/26
DUE DATE OF PAYMENT 30/4/26
I WILL PAY 10/5/26 THEN THE LATE FEES WILL (1.5% x 3) OR (1.5% x 2)
I THINK IT WILL BE 3 (IF IT WILL 2 THEN WHY)
Hi,
For the purchase of Machinery, we have paid
* 30% paid as advance to vendor
* 70% through LC, and bank has charged LC charges
As on 31-Mar-26, machinery is not yet received.
We are showing vendor advance under Capital Advances (Non-current assets). But my query is on LC Charges (It should be Capitalised). Should it be shown under CWIP or under any other Group in IND AS FS ?
I heard transporter's declaration form under new income tax act 2025 ( plying, hiring leasing ) for non deduction of tds is required on 200 Rs. Stamp paper and also notarised.
Is it this information is true, if yes, where I get this information in IT rule, 2026 or IT Act, 2025
Please help
New Firm Incorporate on 01/04/2026 means in F.Y 26-27
Sales have started from April. After 10 months, the sales will exceed ₹5 crore. In that case, should e-invoicing be started only once the ₹5 crore threshold is crossed, or does it need to be started from now?
Is it compulsory to file MSME 1 form for private limited company ?
Dear Sir,
Mr A is having professional income from the profession as specified u/s 44ADA. He also does F&O trading.
Since AY 2019-20, he has been showing F&O transactions u/s 44AD, declaring 6% of turnover as profit from F&O even though he is actually incurring losses. He earns Rs. 8 lakhs from professional activities.
Now, after 7 assessment years, from AY 2026-27, he wants to show actual losses from F&O activities. Can he opt out of Section 44AD without the applicability of audit?
Kindly guide.
Regards,
Suraj
Whether TDS applicable on business support services ?
if yes then under which section and rate?
HSN code : 00440366
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
GST on rental income_Composition