Prima facie, it appears that you, your aunt's son do not have a legal right to the property or its sale proceeds as it was your grandfather’s self-acquired property. Upon his death, the property devolved on your father, aunt and grandmother and they became the legal owners and were free to sell it. A claim… (read more)

There is no requirement under the GST Act for a CA certificate to be obtained by a non-registered dealer with a turnover which is less than the threshold limit of Rs. 40 lakhs. However, the dealer must maintain proper records to show the turnover if asked. (read more)

Sir, all the unreported judgements are free to download at this link https://itatonline.org/digest/all-judgements/. A summary of the reported judgements are posted here: https://itatonline.org/digest/. If you need the pdf of any particular judgement, you may download it from the Court's website. Alternatively, you may ask us for it. (read more)

You must file the overdue CMP-08 forms for the three quarters (April-June 2024, July-September 2024, and October-December 2024) immediately along with applicable late fees and interest. You should report the actual sales turnover for the period 1st April 2024 to 31st December 2024 in the CMP-08 returns. The department’s mentioned sales turnover of Rs. 10… (read more)

The GST officer is entitled to ask for various documents, including Income Tax Returns (ITR), balance sheets, and bank account statements, during an audit, inspection, or scrutiny process to verify the correctness of GST compliance. These may be required to cross-check the turnover, input tax credit (ITC) claims, tax payments, and other financial details reported… (read more)

It appears the rejection order is based on the assumption that the payment is after 15 days of February 17. However, this would be wrong as as the time limit for payment is 15 days from the date of receipt (March 23). An appeal cannot be filed against the rejection order. However, a writ petition… (read more)

The answer depends on whether the contract is a "works contract" or a "sale contract". If the supplier procures the t-shirts and prints the school logo using their own materials, delivering a finished product to the school, this is a sale of goods, and TDS under Section 194C does not apply. If the school provides… (read more)

If the car is actually used for business or professional purposes (e.g., client visits, deliveries, or other business-related activities), it can be shown as an asset in the balance sheet and be eligible for depreciation. (read more)

Under the erstwhile Section 271(1)(c), it was held in CIT v. Suresh Chandra Mittal [2001] 251 ITR 9 (SC) that penalty for concealment cannot be levied if the taxpayer has disclosed income in a return filed under Section 148. The same principle applies u/s 270A if there is no "under-reporting" or "misreporting" in the return.… (read more)

The builder's offer of a uniform 100 sq. yard flat to all, regardless of original flat sizes (40, 55, or 72 sq. yards), appears to be unfair for owners of larger flats. If the society is forcing an unfair deal or bypassing your rights, you are entitled to file a complaint with the Registrar. The… (read more)