RBC (Registered Firm) despatched goods through a Regd. GTA, to XYZ (Unregistered Person) on `To-Pay' basis.

Freight is payable by XYZ(Unregistered Person).

In this case, is RBC liable to pay gst under rcm, since not making payment of freight?

Thanks...

Dear Expert,

In A.Y 2024-25 there were a TDS u/s 194S an amount of Rs 60
1) plz suggest me which ITR to be filled for this, with another income is from business.

2) can i file the ITR U for this with a late fee of Rs 1000

3) Is TDS amount can be adjusted with late fee of Rs 1000 ? or should i have to unclaimed the TDS and 194S income in that year ?

Plz suggest, Thank you

Dear Sir / Madam,

My question is as follows:
Mr. A is a GST-registered dealer providing gaming services. He reported his income u/s 44 AD for AY 2023-24 & AY 2024-25.

In AY 2025-26, he suffered a loss of Rs. 450000/- and doesn't want to continue u/s 44AD. His other income includes Interest income of Rs 12563/- and no other income.

1) Can he opt out of section 44AD and report his P&L Balance sheet and claim a loss of Rs. 450000/-?
2) Will he be liable to tax audit if he opts out of presumptive taxation?

Please guide
Regards,
Suraj

I had filed form 26QC correction and it has been approved by the landlord but now its stuck on AO approval. Will there be a problem getting the approval from AO? How to find out his contact details and what are the documents required to be submitted to the AO?

Sir / Madam,
I have shares of Gateway distriparks purchased before 2018 (grandfathering concept) . I got 4 shares of the resulting company after the merger and relisting in 2021-2022. I have not sold the shares so far. What shall be the capital gains if I sell now and what shall be the date of purchase?

Hi Sir , One Jaibhavani Medical Enterprises Partnership form , GST Registration is there from Jan 2025 , in Three months two three purchase Bills and two Sale bills.Net GST turnover from 01-04-24 t0 31-03-25 ,1,30400/- ( jan 25 to mar-25 ) which itr used for filing

My Ltcg u/s 112A rs. 73044 for ay 25-26 my Stcg u/s 111A rs. 7966 for ay 25-26
Previous year loss u/s 111A rs. 353000
Problem is CFL schedule showing setoff of losses for Rs.7966 and BFLA schedule showing loss setoff for Rs. 81010(7966+73044) .
Technically Rs.73044 is gain under sec 112A which is exempt upto rs .125000

Because of that itr 2 showing 2 errors as following.
1.In Schedule BFLA, Sl. no 2 (iiia + iiib + iv + v + vi + viia + viib + viii + ix) is not equal to Sl. no 4(x) + 5(x) of CFL.

2.In Schedule BFLA, Sl. No. 2 (xii) is not equal to the sum of amount mentioned at Sl. No. x (Col. 3 to 6) of CFL.

ITR filing is being filed online. Is it technical glitch or something else ?

r/ sir, i hv salary income+interest+dividend+a small amount of mutual funds icome (cg) with small amount of refund. can i get 80ccd(2) deduction under new regime ?

I am working in Construction which sells affordable Housing Scheme is reverse charge applicable to Mason plumber sanitary department labour ........
If not paid what are consequences...We have to pay or contracter .....

Dir/Madam

Can anyone adjust his FNO loss again DTCG or LTCG in the fy 24-25??