Latest Answers (47,721)
 | Correct ITC Balance to Show in Balance SheetHello. I have a GST registered business. I made some purchases in the last financial year, due to which I accumulated an Input Tax Credit (ITC) balance over time. Some of these... Answered by Damini Agarwal 4 months ago |
| Treating income tax consultation and preparation as business expense for sole proprietorshipI have a GST registered business (sole proprietorship). In the last financial year (FY24-25), I had income (including negative income) from multiple sources. Specifically, I had... Answered by Damini Agarwal 4 months ago |
| ITR-3 quirk of wordingHello. I have a sole proprietorship business currently. In FY23-24, I had switched to the New Tax Regime. At that time I also had salary income, and my business was dormant. I... Answered by Damini Agarwal 4 months ago |
| Correct ITC Balance to Show in Balance SheetHello. I have a GST registered business. I made some purchases in the last financial year, due to which I accumulated an Input Tax Credit (ITC) balance over time. Some of these... Answered by Damini Agarwal 4 months ago |
| DTAA provisions on dividend income from US equities tax liabilitySir / Madam, I have dividend income from US equities. This income is taxed at 25% in USA. I have filed form 67 and sought relief through the tax credit method to avoid double... Answered by Damini Agarwal 4 months ago |
 | Scheduled FA declaration for previous yearsThis question was kept private Answered by Shubham Goyal 4 months ago |
| Scheduled FA declaration for previous yearsThis question was kept private Answered by Damini Agarwal 4 months ago |
| NRI wrongly filed Form 67Hi, Kindly help me resolve the following Income Tax issue for my brother. He was an NRI (Residential status) in the A.Y. 2024-25. In India, since his income was below the... Answered by Damini Agarwal 4 months ago |
| NRI wrongly filed Form 67Hi, Kindly help me resolve the following Income Tax issue for my brother. He was an NRI (Residential status) in the A.Y. 2024-25. In India, since his income was below the... Answered by Shubham Goyal 4 months ago |
| Scheduled FA declaration for previous yearsThis question was kept private Answered by Damini Agarwal 4 months ago |
| Filing returns for my deceased fatherThis question was kept private Answered by Damini Agarwal 4 months ago |
 | Filing returns for my deceased fatherThis question was kept private Answered by Vidya Jain 4 months ago |
 | Correction in AISi purchased 5 lacs kisan vikas patra 10 years back they were redeemed for double the amount in july 2024 i.e. 10 lacs, 5 lacs principal and 5 lacs interest. in the scheme... Answered by Vivek Kumar Arora 4 months ago |
| Seeking guidance on transferring funds from India to the UK without TCS deductionHi, I recently got a job in the UK and have ₹35 lakhs saved from working in India. I’d like to transfer this money to my UK bank account to cover rent, the security deposit, and... Answered by Vivek Kumar Arora 4 months ago |
| Filing returns for my deceased fatherThis question was kept private Answered by Vivek Kumar Arora 4 months ago |
| Filing returns for my deceased fatherThis question was kept private Answered by Shubham Goyal 4 months ago |
| Scheduled FA declaration for previous yearsThis question was kept private Answered by Shubham Goyal 4 months ago |
| About ITRThis question was kept private Answered by Damini Agarwal 4 months ago |