Hi,

I am Individual working as Accountant with Private Company & my employer deducts my TDS under Professional Category. I am Commerce Graduate & do not have any Professional Qualification like an Chartered Accountant

Can I report my Income under Section 44ADA in ITR for FY 2025-26 AY 2026-27. I am not claiming any expenses or deduction against this income.

Gst to be included or excluded for Gross Receipts/turnover u/s 44AD

Sir
while checking book of account and gst statement for audit purpose , it found that one month there is difference in GSRT1 & GSRT3B. in comparison report . But individual checking each there is no difference in fount , only in comparison statement show there is difference and cumulative is showing .
Please advise
Binu

While filing ITR 1, want to show interest on tax free bonds and Interest on PPF.
Till last year, we had selected 'Others' from the drop down box under the nature of exempt income and shown in description box under others, as Interest on Tax Free Bonds and Interest on PPF respectively. This year, the nature of Income has different kinds of drop downs - the drop down of 'Other Income' has specific narrations none of which match these items. So I tried to select Interest on Specified Investments, which does have a drop down items of Exempt under Section 10 (15)..can we select this for interest on tax free bonds and similarly what to select for PPF Interest?

A Person Purchase Mutual Funds on 14-07-2021 Amount of Rs 500000, 2663.743 Units.
He Redeemed 1588.999 Units on 28-08-2024. He Calculate Capital Gain In FY 2024-25 & Paid Taxes on Capital Gain After Taking Exemption of Rs 125000

He Redeemed 1074.744 Units on 26-06-2025. Will He Eligible for The Capital Gain Exemption of Rs 125000 for FY 2025-26

Itr 1 with nil tax and itr 4 with refund of 3000 was processed on same day. Itr 1 filed with refund of 27000 is pending since more than ten days

Any idea???

Dear Experts
As per section 393(6)(ii) of income Tax Act. 2025, has threshold limit to 50 lacs and tds rate 2% been revised even if deductor is individual and service received on contract.

Pls confirm

05/2025 Purchased Apple shares and Sale on 09/2025 Short Term Gain Rs.18450/-. Tell me Tax Rate, its 20% or as per Slabs.

I was awarded a sanitation tender by the Municipal Corporation.

This supply is exempt from GST.

I assigned this tender to my friend.

At the end of the month, I will submit an invoice to the Municipal Corporation for the exempt supply

On the other hand, my friend issued an invoice in the name of my firm for sanitation services.

So, will my friend charge GST on the invoice or not?

what are concept of customer and vendor treconciliation. How to make vendor and customer reconciliation , what add and less while making reconciliation statement, please provide the best concepts.