Hi
Mr.X, had short term capital gain of Rs.90000, arrived from sale of shares for short term period.
He also has income from house property.
For FY 2023-24. He filed returns and his income was less than Rs.5L which is eligible for section 87A deduction
He filled accordingly
However he gets notice to pay Rs.16000 including penalty and interest as income tax on short term capital gain,
Please explain relevant provisions , so that we can respond to the notice
Please guide

Please clarify if legal heir can file updated itr??
Once registered as legal heir on IT portal (to file itr on behalf of deceased) can help once registered then file UPDATED itr??

I have obtained GST registration in two different states with the same PAN number, but I do not distribute input services. Is it still mandatory for me to obtain ISD registration from April 1, 2025?"

Hello all experts
Pl guide me how can i take nps benefit deducted by my employer.
In case I am an employer then what is procedure to make payment of NPS. How can I make salary slip of our employees.
REGARDS
Sanjay

Dear Sir,

we have deemed export transaction in FY -2023-24, in our GSTR-1 we have declared the same as normal sale and now while applying for the GST refund when we are uploading the invoice in RFD-01 getting the error as "document is not a deemed export" now the time limit to amend the invoice is also over. request you o please suggest how to proceed further, whether any manual application need to be filed. we have all the necessary documents like disclaimer letter, invoices duly endorsed by customer, CA certificate in statement 5B, Form-A etc.

Hi
I completed my CA Inter in 1995. Thereafter I appeared in Final Exams 3-4 till 2003 but could not clear. Since 2003 I got busy with my work and did not appear again for Final Exams. Now, I want to appear for my final Exams again. My queries are:
1. Will my Inter Exams results be considered as valid after almost 30 years?
2. If answer to point no. 1 above is yes, then what is the process of getting myself registered again and appear for Final Exams?

Best Wishes
Nilanjan

Hii , i am government employee, i am retired and working i forest department, i had receive pension of 20,00,000 after deducting tds of rs 5,00,000 for the f.y. 2023-24. Return for the same period is not filed till date . what should i do?

i got profit in sharemarket, so i paid advance tax after that
now i booked for a loss can i get refund amount that i paid advance tax please rectify the problem
because i paid advance
29/03/2025
YEAR LONG TERM LOSS/PROFIT SHORT TERM LOSS/PROFIT SPECULATION FNO TAX DETAILS DATE OF PAYMENT
YEAR 21 -22 -428451 0 0
YEAR 22 -23 -3162 0 0
YEAR 23-24 -66015 0 0
YEAR 24-25 -1447.35 -2894682.9 1610933.07 1013781.72
TOTAL L/P -499075.35 -2894682.9 1610933.07 1013781.72
TOTAL TAX 483279.92 304134.52 787414.44
Advance TAX PAID 400000 14/09/2024
Advance TAX PAID 720000 18/12/2025
Refund -332585.56
please copy paste the above data you see the correct columns
thank you

am a proprietor of gst firm and I took advance of Rs5lakhs from a party with condition that the party will give other 15 lakhs with in 30days for supply of goods .If party fails to give the money I will forfeit Rs5 lakhs.now party failed to give balance money.I want to show 5 lakhs in profit account.how this money will be treated by income tax for taxation purpose.my basic income is less the 7 lakhs rupees.will this 5lakh rupees come under basic exemption.pl explain with details .

hii i am government employee working in REVENUE AND FORESTS DEPARTMENT MANTRALAYA received pension of RS . 2139374 after deducting tds of rs 5,00,000 for the F.Y. 2023-24. pension received is on my retirement.
please help me what to do??