Suresh S. Tejwani

Whether Indexation benefit is available if Property has been purchased before 23/7/2024 and Sold in Financial Year 25-26


CMA Gyan Prakash
13 May 2026 at 13:37

Course is not active

I have taken the classed of Dubai ( UAE ) Tax master class, order id is ock_518591 paid 2948 but class in yet active. Please look into the matter


Suresh S. Tejwani

Can a partnership firm become a director in a private limited company? If yes whose PAN CARD OR PHOTO ETC details are required to be upload at the time of adding details of director in GST reg. application? whether is of partnership firm or authorized representative of partnership firm?


Amit

My client engaged a contractor who issued non-GST invoices for the period October 2025 to February 2026. In March 2026, the contractor obtained GST registration and subsequently raised GST-compliant invoices covering the entire period from October 2025 to March 2026. Given that no formal contract exists between my client and the contractor, I seek guidance on how my client can avoid liability for GST payment in respect of the period (October 2025 to March 2026).


deepak
12 May 2026 at 17:42

IMS ACTION RELATION

In our client's IMS (import of goods), the bill of entry data of import of goods from 1.4.24 to 31.3.2025 is being shown, we have already filed GSTR-3B till March 2026. Our query is whether taking action in IMS (import of goods) is mandatory?


Ramesh Saraf

Hi,
I sold a property in April 2026, which was acquired by my grandfather in 1956, no buy/purchase deed and purchase cost is available

I am unable to get FMV Certificate from valuers as it is very rural property and valuers ask for heavy fee which is not affordable (in view of transaction value)

My grandfather died in 1970, and father died in 1993 & I am a senior citizen

I sold my share of the property in April 2026 for Rs 8 lakhs

Now I want to know can I assume purchase price at Rs 1 only as of year 1956, and claim Rs 19000 towards renovation during year 1993

Can I get indexation benefits on Rs.1 or Rs. 19001 as above, I have already invested Rs 7.1 lakhs in REC Capital Gains Bonds, is it enough or i should invest full amount of Rs 8 lakhs. Further, I have STCL (on sale of shares) during same year of Rs 1 lakh

Pl suggest what to do in this case
Thanks in Advance 🙏


Suresh S. Tejwani

Whether the Assessing Officer was justified in denying deduction under Section 80P(2)(b) of the Income-tax Act, 1961 merely because the appellant had inadvertently claimed the same under Section 80P(2)(f) in the return of income, despite the appellant being otherwise eligible for such deduction?


anoop mehra

A TAX PAYER RECEIVED ADVANCE AGAINST SALE OF PROPERTY. THE BUYER DEDUCTED TDS THEREON. NOW DUE TO DISPUTE, THE SELLER IS REQUIRED TO REFUND THE NET AMOUNT PLUS TDS DEDUCTED. IS THERE ANY LIABILITY FOR THE SELLER TO DEDUCT TAX ON THIS REFUND AMOUNT?


Rajkumar Gutti
12 May 2026 at 12:47

Employee expenses

Company formed private employee fund.
For this purpose company yearly deduct certain amount from employee salary & company add his double contribution ( double of employee contribution ) in welfare fund.
Can we claim company's ( employer ) contribution as expenses in profit and loss account as per income tax act. Also what is the implication regarding gst


abhijit majumder

Sir
As mentioned, in spite of termination of Leave &Licence agreement Licencee is holding the possession. Several notice had been sent but no effect.
Can we lodge complaint (FIR) in police under section 329 of BNS (criminal Trespass).
Regards
Abhijit






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