https://www.caclubindia.com/experts/ https://www.caclubindia.com/ https://www.caclubindia.com/experts/tds-on-commission-charges-2963064.asp Sun, 27 Sep 2026 12:58:12 GMT Taxable 25000
Tax 18% -
So question is do i need to deduct tds on 25000 taxable amount at rate of 2% and deposit till next month 7th date ?]]> 4200417 https://www.caclubindia.com/experts/withdrawal-in-cash-from-partners-capital-account-by-partner-2963054.asp Sat, 26 Sep 2026 22:00:05 GMT 2618252 https://www.caclubindia.com/experts/tds-on-complimentary-desi-ghee-and-gold-coin-provided-to-kbc-contestants-2963049.asp Sat, 26 Sep 2026 16:56:11 GMT
It may also be observed that every contestant appearing on the show is provided with certain complimentary gifts, such as Desi Ghee and a gold coin.

Out of general curiosity, I would like to know whether the show's producers are required to deduct TDS on the Ghee and gold coins given away for free as well, and if so, under which section...???

In my opinion (I may be wrong) Desi Ghee and gold coins may not fall within the category of "Winnings from Game show", since they are not awarded as a prize for winning the game but are provided to every contestant irrespective of the outcome.

I would appreciate clarification on the applicable TDS treatment of such complimentary gifts,
]]> 502554 https://www.caclubindia.com/experts/regarding-applicability-of-tax-audit-u-s-44ab--2963044.asp Fri, 25 Sep 2026 19:23:38 GMT Whether the company is required to conduct a tax audit under Section 44AB of the Income-tax Act, 1961?
Does the business loss of ₹35 lakh, by itself, make the company liable for tax audit under Section 44AB?

If Section 44AB is not applicable, is the company required only to:
prepare and file its income-tax return (ITR-6); and
conduct its statutory audit under the Companies Act, 2013?
]]> 174979 https://www.caclubindia.com/experts/tds-on-trust-2963039.asp Fri, 25 Sep 2026 15:54:10 GMT 3271279 https://www.caclubindia.com/experts/regime-change-2963034.asp Thu, 24 Sep 2026 19:09:05 GMT I had salary and business income in FY 2023-24, so I filed ITR4 and submitted form 10IEA for opting old regime .
In FY 2024-25, I had only salary income. So I opted new regime without submitting form 10IEA.
In FY 2025-26, I had salary and business income again. So I filed ITR4 continuing new regime as I opted it last year. But income tax department now seeking a clarification for not submitting form 10IEA again this year. They are saying that this year income will be treated as per old regime since business income is there.
I am hopefully looking for your kind advice about how to respond to this query. ]]> 167925 https://www.caclubindia.com/experts/tds-194-t-applicability-2963029.asp Thu, 24 Sep 2026 18:10:26 GMT 3933314 https://www.caclubindia.com/experts/consolidated-financials-2963024.asp Thu, 24 Sep 2026 14:18:44 GMT
Do we require Consolidated financials to be attached in ITR 6 or standalone is fine??

Regards ]]> 60645 https://www.caclubindia.com/experts/gst-itc-reverse--2963019.asp Wed, 23 Sep 2026 20:24:28 GMT
In this situation, do I still need to reverse ITC proportionately on account of exempt sales?

Until now, I have not been making any proportionate ITC reversal because I purchase exempt goods separately and sell those exempt goods as exempt, while the taxable purchases are used for taxable sales and are reported separately in GST.

Please confirm whether my understanding is correct.]]> 2244542 https://www.caclubindia.com/experts/rcm-issue-on-rent-and-transportation-charges-2963014.asp Wed, 23 Sep 2026 19:21:58 GMT One of my clients has filed tax audit report and ITR for the fy 2025-26 but he has not paid RCM on Rent paid/provided. Please advise me what to do in such a case. Someone has advised me to pay the total RCM latest by 30th Sept and claim RCM in 3-b latest by 20th Oct for the month of Sept. Will such an RCM payment be treated for the financial year 2025-26]]> 1300286 https://www.caclubindia.com/experts/section-50-fixed-asset-building-ceases-to-exist-2963009.asp Tue, 22 Sep 2026 18:30:49 GMT there are 3 offices having wdv 35 lakhs.
one office is sold for 90 lakhs
closing wdv cant be negative in books,

my q--> should i make wdv nil in books also in bal sheet? inspite of 2 existing offices, how can bal sheet have no fixed asset?

my view--> prof loss will have book gain of 55 lakhs .
but how to show 2 offices in bal sheet ? the whole building block becomes nil in value..so cant show exisitng 2 offices also in bal sheet right?
little confused,
regards, ca kunjan, 9222 922 92]]> 3206018 https://www.caclubindia.com/experts/fixe-term-employment--2963004.asp Tue, 22 Sep 2026 16:50:17 GMT Controlling power is with company. As per social security code 2020 term employment is treated as contractual employee.
My Question -:
On fix term employment employee remuneration is tds applicable as professional service tds or tds on salary, or tds on contractor.
Kee point of -:
Controlling by company.
Fixed remuneration
Fixed hours
Supervision by company 's superior authority

]]> 2532238 https://www.caclubindia.com/experts/is-any-professional-ca-is-here-please-reply--2962999.asp Mon, 21 Sep 2026 16:27:04 GMT 4351761 https://www.caclubindia.com/experts/putting-a-heading-on-received-mail-2962994.asp Mon, 21 Sep 2026 13:42:11 GMT 595877 https://www.caclubindia.com/experts/reprocessing-of-rectification-order-ay-2025-26-2962989.asp Sun, 20 Sep 2026 17:47:45 GMT AY 2025-26 Rectification filed on 24th April 2026 Received rectification order under section 154 on 13th May 2026 with demand which was paid immediately Now on 16th September 2026 same order which was processed with demand shows underprocess without my consent is it possible does the law gives power to CPC to do this kindly suggest ]]> 4081967 https://www.caclubindia.com/experts/foreign-lottery-ticket-bought-online-from-india-legality-tax-and-consequences-2962984.asp Sun, 20 Sep 2026 15:38:00 GMT
I've also seen reports of people in India winning prizes from foreign lotteries. If the purchase was not permitted, what consequences have such winners actually faced, or how are these cases usually handled by banks, the RBI, or the authorities? Are there any known cases or orders on this?]]> 4360230 https://www.caclubindia.com/experts/gift-received-from-nonblood-relative--2962979.asp Sat, 19 Sep 2026 15:37:19 GMT 4324725 https://www.caclubindia.com/experts/export-bill-under-lut-freight-charge-inclued-in-invoice-it-liable-to-tax-2962974.asp Sat, 19 Sep 2026 09:44:37 GMT Pls clarify that in case of Expor Invoice Under LUT can Freight Charge added in invoice is liable to GST ?

]]> 1258180 https://www.caclubindia.com/experts/tax-audit-u-s-44ab-for-transport-business-a-proprietorship-is-engaged-in-transportation-business-and-2962969.asp Fri, 18 Sep 2026 21:42:29 GMT A proprietorship is engaged in transportation business and owns 8 heavy goods vehicles, each having 25-ton GVW, owned throughout the year.

Turnover: ₹3.50 crore

100% receipts through digital/banking channels

Profit declared: 3% = ₹10.50 lakh

44AE presumptive income: 8 × 25 tons × ₹1,000 × 12 months = ₹24 lakh

Since the assessee declares income lower than the amount prescribed u/s 44AE, is tax audit u/s 44AB(c) mandatory?

Also, considering that turnover is below ₹10 crore and cash receipts/payments are within 5%, would 44AB(a) apply, or is 44AB(c) the correct clause?]]> 980608 https://www.caclubindia.com/experts/experts-need-help-2962964.asp Thu, 17 Sep 2026 12:04:03 GMT 4351761