Nikhil Sharma

Dear Experts,
Custom duty, social welfare surcharge, and stamp duty, paid at custom clearance of goods for furtherance supply.... be allowed as deduction in income tax.... can we book all three heads in debit side of profit & loss Account.

Pls suggest.....


ESMAIL SITABKHAN

PERSON BORN IN INDIA SETTLED IN CANADA WITH CANADIAN CITIZENSHIP +OCI CERTIFICATE CAN INVEST IN IMMOVABLE PROPERTY IN INDIA? AMOUNT IS PAID BY HIS FATHER AS A GIFT.


Rajesh Topiwala
12 September 2025 at 15:25

44AD INCOME TAC ACT

A partnership firm having a turnover of 40 lacs. but their net profit is less than 7 % of turnover after deducting remuneration & interest on capital to partners, 97 % turnover is in cash.
My query is whether it is subject to audit u/s 44AD for A.Y. 2025-26?


Jayashree

I am filing request for registration as Representative Assessee for deceased person. I have submitted required documents and I received OTP on mobile immediately but not on email id, there was 12 hours delay when email was received after mobile otp received.
now, I am again trying, but still I am facing same problem again and again, what to do? I have tried all the contact numbers of Income tax, but could not be connected.
please, do the needful.


Senthilkumar M
12 September 2025 at 12:36

TDS SHORT DEDUCTION DUE TO PAN INOPERATIVE

Is there an online facility available for correcting TDS short deduction defaults caused by an inoperative PAN?


Rakesh Chandra Purohit
12 September 2025 at 12:21

Interest on advance tax for senior citizen

sir I entered in intra day trading by mistake and sold instantly and earned a profit of Rs 201 but after STT the nett amount is loss of 250 , Will I have to pay interest on advance taxes as I am a senior citizen ?


Piyush Patel
12 September 2025 at 11:58

Conversion of LLP into a Company

On conversion of LLP into a company, whether new PAN is supposed to be obtained or can the company use the PAN of the LLP (being a successor).

Also how is the Return supposed to be filed in this case. Whether LLP is supposed to file return upto date of conversion and post that company will file separate return ? In this case, given the e-filing process- the portal would not allow filing two returns for same AY.


Shankar Rao
12 September 2025 at 11:43

Profit on sale of long term mutual fund

Is profit on sale of mutual fund invested out of corpus fund taxable in the hands of charitable trust registered u/s12A.
where to enter in ITR 7 please clarify


Daya

How we received PAN, TAN ,PF ,ESIC and GSTIN No. after ROC Registration Certificate.


Daya

How to make joint loan taken journal entry in books of accounts against mortgage.
seprately in books of accounts.





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