I am a resident taxpayer filing my return under Section 44AD and have received interest of ₹356 from my NRE account. Kindly clarify whether this interest is exempt or taxable. If it is exempt, please specify the relevant section under the Income-tax Act under which the exemption is available; if taxable, please confirm whether it should be reported under the head "Income from Other Sources."

We have filed Income Tax Return for AY 24-25 against which Income Tax have raised demand after adjusting TDS on Salary. Please suggest the solution for this to avoid tax payment.

"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."

Hello Sir,

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.

A partnership firm was formed and obtained PAN and GST registration in FY 2025-26 (AY 2026-27). However, the business did not commence during the year, and there was no turnover or income. Business started only in FY 2026-27 (AY 2027-28).

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?

I am a distributor for a company. The company has made a payment after deducting TDS under Section 194R. Do I need to deposit GST on this amount?

Dear Experts,

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,

Dear Sir / Madam,

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?

Hi,

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.

Gst to be included or excluded for Gross Receipts/turnover u/s 44AD

Sir
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