Sir
AY 2025-26 Rectification filed on 24th April 2026 Received rectification order under section 154 on 13th May 2026 with demand which was paid immediately Now on 16th September 2026 same order which was processed with demand shows underprocess without my consent is it possible does the law gives power to CPC to do this kindly suggest
I live in Tamil Nadu, India. Is it legal for me to buy a lottery ticket online from a foreign lottery website and pay with my Indian debit or credit card? If I win, what legal and tax consequences would there be when the prize money comes into my Indian bank account?
I've also seen reports of people in India winning prizes from foreign lotteries. If the purchase was not permitted, what consequences have such winners actually faced, or how are these cases usually handled by banks, the RBI, or the authorities? Are there any known cases or orders on this?
Dear Experts my friend is going to receive immovable property sale consideration value as per sub registrar is Rs.4800000/- (Stamp duty payable is around Rs.360000) here my query is my friend is included the stamp duty value or property value in his IT returns income from other sources. and what is the income tax applicability to the donor, Please clarify the same at the earliest. Thanks in advance.
Dear Sir,
Pls clarify that in case of Expor Invoice Under LUT can Freight Charge added in invoice is liable to GST ?
A proprietorship is engaged in transportation business and owns 8 heavy goods vehicles, each having 25-ton GVW, owned throughout the year.
Turnover: ₹3.50 crore
100% receipts through digital/banking channels
Profit declared: 3% = ₹10.50 lakh
44AE presumptive income: 8 × 25 tons × ₹1,000 × 12 months = ₹24 lakh
Since the assessee declares income lower than the amount prescribed u/s 44AE, is tax audit u/s 44AB(c) mandatory?
Also, considering that turnover is below ₹10 crore and cash receipts/payments are within 5%, would 44AB(a) apply, or is 44AB(c) the correct clause?
What proof or documents should I keep for my freelance income in the future so that I don’t receive any notice?
1.What are the exact conditions that must be satisfied for FTS to qualify for the 20% rate under Section 115A(1)(b)?
2.In particular, Section 115A refers to FTS received from Government/Indian concern in pursuance of an agreement and contains conditions regarding Central Government approval/industrial policy. Are these conditions applicable to every FTS payment?
3.If the conditions of Section 115A are not satisfied, what would be the correct TDS rate under Section 195 in a non-DTAA case?
4.What documents/forms are required to substantiate the 20% rate—Form 15CA/15CB, PAN, TRC, Form 10F, agreement, declarations, etc.?
5.Is Form 15CB mandatory for applying the 20% rate under Section 115A?
Dear Sir,
Please, advice to me for
It can be possible to Make Export Material Commercial Invoice different and Freight Charge distinct invoice.
EPF full final rules waiting time period
Sir,
A person rental income yearly rs:25 lacs composition scheme registration
Old years 24 and 25 and 26 years rental income present year 26-27 received
Question:
Treatment of gst and it returns purpose rental income transaction
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Reprocessing of rectification order AY 2025-26