https://www.caclubindia.com/experts/ https://www.caclubindia.com/ https://www.caclubindia.com/experts/building-and-other-construction-workers-welfare-cess-act-1996-2961439.asp Wed, 8 Jul 2026 12:49:05 GMT The company engaged contractor by inviting tender for some construction work.
For building construction work the employer have to collect and pay cess under 'building and other construction workers welfare cess act 1996'.
The cess was charged on cost of construction.
My queries are:
Who are liable to collect the cess ie Company or the Contractor?
The Contractor while making invoice to the company charge and added/showed separately cess (1%) over cost of construction. Is it correct or the contractor collect excess cess?
Regards
Abhijit]]> 691531 https://www.caclubindia.com/experts/registration-as-authorised-representative-of-minor-2961429.asp Wed, 8 Jul 2026 00:50:30 GMT Can anyone please help me with this:
A minor has capital gain income which is clubbed & shown in his father's income as it's higher than his mother's income.
Is it necessary to register in income tax as authorised representative of minor for clubbing income?
Please note minor has no other income]]> 1512089 https://www.caclubindia.com/experts/article-ship-defecit-2961424.asp Tue, 7 Jul 2026 21:28:11 GMT I am a Chartered Accountancy student and had completed my articleship training in the year 2017. However, as per my records, there is a deficiency of 11 days in my articleship period due to excess leave.
At present, I am employed and wish to regularize and complete the deficient period of training. Unfortunately, my erstwhile Principal has passed away, and therefore I am unable to approach him for the necessary formalities.
I kindly request you to guide me on the procedure to complete the remaining 11 days of articleship and the documents/forms required in view of the demise of my Principal. I would also be grateful if you could advise whether I may complete the deficiency under another practicing Chartered Accountant and the process to obtain the necessary approval from ICAI.]]> 1053157 https://www.caclubindia.com/experts/bank-accounts-in-balance-sheet-for-itr-3-2961419.asp Tue, 7 Jul 2026 21:07:25 GMT
I also have other bank accounts which is used for transactions related to other heads on Income like Income from SaIary,CapitaI Gains , Interest Income etc

When I prepare Balance Sheet and P/L Account for filing ITR 3,whether I need to show bank balances of All Bank Accounts or I can show Bank Balance of only Business related Bank.

Income which is generated in other bank accounts will be shown in respective Income heads

Please guide
]]> 1105442 https://www.caclubindia.com/experts/income-of-an-individual-2961409.asp Tue, 7 Jul 2026 16:09:11 GMT Can we analyse a person's income from his bank statement.]]> 4036623 https://www.caclubindia.com/experts/nre-interest-income-applicability-2961404.asp Tue, 7 Jul 2026 14:30:40 GMT 174979 https://www.caclubindia.com/experts/opting-out-of-regime-provided-under-subsection-1a-of-section-115bac-but-form-10iea-is-not-filed--2961399.asp Tue, 7 Jul 2026 11:55:54 GMT
"On perusal of the Return of Income filed, you have exercised the option of "Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed. However, the Form 10IEA has not been filed under sub-section (1) of section 139 for furnishing the return of income. Hence, your return of income will be processed as per the provisions of section 115BAC (ie., under the new tax regime) and deductions/ exemptions and tax rates as per the said provision will be allowed."
]]> 285539 https://www.caclubindia.com/experts/query-regarding-tds-on-epfo-higher-pension-arrears--2961394.asp Tue, 7 Jul 2026 10:30:43 GMT
EPFO has paid arrears of Higher Pension and deducted TDS.
However, the TDS has been reported under *Section 192A* instead of *Section 192*, although the payment is pension arrears and not PF withdrawal.
While filing *ITR-1*, the "Tax Paid" schedule allows editing of the TDS section.

The Employees who had filed return before 10 to 15 days with relief U/S 89 , neither they got refund, nor their form 10 E is approved by system. It still shows pending . The reason of pending may be due to TDS not appeared u/s 192.
Kindly advise:

1. Can I change the TDS section from *192A* to *192* while filing the return?

2. Will this have any legal or processing consequences, considering Form 26AS/AIS continues to reflect Section 192A?
3. What is the most appropriate and legally correct approach in this situation?
4. Can i insert feed back in AIS, that information is partially incorrect ? Arrears and TDS is correct only section appears 192 A instead of 192 is incorrect . Please suggest better idea , so that our refund should not delay due to this section error.

Your expert guidance will be highly appreciated.

Thank you.]]> 1492739 https://www.caclubindia.com/experts/itr-filing-requirement-for-partnership-firm-registered-but-business-not-commenced-2961389.asp Tue, 7 Jul 2026 09:51:08 GMT
Query: Is filing an Income Tax Return for AY 2026-27 mandatory, or can it be skipped since there was no business activity or income?]]> 174979 https://www.caclubindia.com/experts/tds-194r-on-gst-effected--2961384.asp Mon, 6 Jul 2026 12:34:30 GMT 3688706 https://www.caclubindia.com/experts/capital-gain-profit-distribution-among-partners-of-partnership-firm-2961379.asp Sun, 5 Jul 2026 20:41:35 GMT
A partnership firm is selling a property to 3 individuals , out of which 1 is existing partner.

This transaction results in capital gain for the partnership firm. After capital gain tax is paid, can the partnership firm distribute the balance amount to existing partners including to the partner who has purchased the property? Will distributing share of capital gain result in taxable transfer?

Please advice

Regards,
]]> 399506 https://www.caclubindia.com/experts/itr-validation-error-balance-sheet-is-not-filled-2961374.asp Sun, 5 Jul 2026 18:00:18 GMT
I am getting this validation error on IT website:
Error description -
Income from Profits & Gains from Business or Profession is greater than 2.5 lakhs but Balance sheet is not filled.

Suggestion -
Kindly fill up the details in the Balance sheet since your income from Profits & Gains from Business & Profession exceeds the Basic exemption limit.

This assessee is engaged in the profession of business & management consultancy. His profit is declared u/s 44ADA @51%.
In ITR, Liable to maintain accounts as per Section 44AA? selected "No"
Engaged in Specified profession u/s 44AA(1)? selected "Yes"
Under financial particulars, under debtors, his March 2026 fees receivable is shown and cash balance is shown,

But I am still getting the above validation error while uploading the return. What is to be done? Should I ignore & proceed to file return?]]> 15984 https://www.caclubindia.com/experts/reporting-income-under-section-44ada--2961369.asp Sat, 4 Jul 2026 22:07:43 GMT
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. ]]> 1105442 https://www.caclubindia.com/experts/u-s-44ad-of-income-tax-2961364.asp Sat, 4 Jul 2026 21:59:57 GMT 75991 https://www.caclubindia.com/experts/difference-in-tax-comparison-report--2961359.asp Sat, 4 Jul 2026 18:06:10 GMT 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 ]]> 3264818 https://www.caclubindia.com/experts/itr-1-details-for-showing-exempt-income-2961354.asp Sat, 4 Jul 2026 16:43:39 GMT 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?]]> 1022958 https://www.caclubindia.com/experts/itr-1-processing--2961344.asp Sat, 4 Jul 2026 08:21:01 GMT
Any idea???]]> 40824 https://www.caclubindia.com/experts/tds-on-payment-to-cha-as-per-new-section--2961339.asp Fri, 3 Jul 2026 19:44:42 GMT 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 ]]> 3122109 https://www.caclubindia.com/experts/sale-of-forign-shares-2961334.asp Fri, 3 Jul 2026 19:36:31 GMT 2518952 https://www.caclubindia.com/experts/gst-taxability-2961329.asp Fri, 3 Jul 2026 18:00:55 GMT 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?]]> 3104373