Hello Experts,
I bought shares in a private limited company on 06/09/2021. And i sold the shares on 08/12/2025.
I earned profit Rs. 15 lakhs.
How can I pay Tax on It...?
Can I claim exemption as per "Exemption from Capital Gain"????
Please give your expert opinion and guide how it's
Thanks in Advance
Hii!!!! partnership firm liable to tax audit under income tax act, my factory rent is 48000 P.M. from April to Sep 2025 and from October to January -72000 P.M. , i have to vacant from Feb onwards, kindly explain TDS applicability for the same.
One of my acquaintances has withdrawn ₹22 lakh in cash from a savings bank account and paid the amount to the seller in cash for purchase of house, which has not been reflected in the registered property documents. What are the possible consequences of this transaction, and what steps can the buyer take now to protect himself?
I have purchase a under construction apartment from a buyer(second aprty sale) at total consideration of 15950000 ( including 662605 GST).
In Builder Buyer agreement value of apartment was 13914000 (including 662605 GST)
I have paid Rs 8993000 to first party. Balance I will pay to builder in installments. Today I paid 3350000 installment to builder. I need to 1% as TDS on property.
My query is what amount I need to put in TOTAL VALUE OF CONSIDERATION (PROPERTY VALUE) while paying TDS on installment amount.
Will it be 15950000 OR 13914000 ??
A client is engaged in the business of speculating in gold and silver. What should be stated as the nature of business: “trading firm” or “financial investment firm”?
I have rec'd sms from the dept stating there is mismatch between itr filed and Data with the department asking me to file revised return or give feedback on the AIS - but there is no email though the sms says so. The income tax website also does not show any details . Can some one help. The itr filed is as per the AIS only . I already have received 143 1 intimation and the website says it as assessed
Sir,
hv file my ITR1 for FY 2024-25 in Sep 2025. Now have recd an intimation from the dept to revise my ITR since a mismatch has been found.
am working in a tractor dealer ship as sales manager. i, on behalf of my company, used to link customers to Financial institutions like Kotak Mahindra Bank, Mahindra Financial Services and the like to avail loan for purchasing tractors.
The FIs pay commission (term they use is PAYOUTS) to my company as we give business to them. Few years back FIs said that they can't pay it in the name of the entity and started paying in my name. Tds is under Sec. 194H.
i show it in my ITR1 under Other income head for the past 3 years. Hv paid/recd refund tax accordingly.
This, for FY 2024-25, i hv recd a mail stating that
quote"
we have identified a significant mismatch between what you have filed in ITR and info shared with the department. Revise ur Return within 31st Dec."
unquote.
Please anyone help me how to proceed on this.
p.s. Since i hv only salary income and this commn, and no other investments to complicate tax calculation, i file ITR on my own.
I am a citizen Of India . I came to Mumbai in dec 2024. I was living in Switzerland . I am now back in India for good . I applied tax 2024 - 25 as Nri itr2 . Then now for 2025-26 I will be applying as RNOR status . I have swiss pension in Switzerland which employment pension fund. I will be bringing this pension to India now in 2025- 26 . I will be receiving this money in my indian bank savings account . Will this swiss pension which I accumulated in Switzerland will be taxable once I receive it in my indian bank savings account thankyou
If turnover exceeds 10 CR in F&O , so it is mandatory to do audit, or else it is allowed to file return under section 44AD
Itr2...new regime..filed 11/8/25..with no demand no refund not processed till 12/12/25
Income details
Salary income...75000 standard deduction
No other deductions claimed
House property
30 percent standard deduction
No other loan int etc deductions claimed
Intrest income. On bank...FD...govt RBI long term bonds
No share market / VDA/ Foreign income
No carry forward loss
Income greater than 50 lakhs less than 1 cr...so itr2 ( AL not filled as limit raised to 1 cr from this yr)
Property purchase 1 percent tds done
AIS/ TIS / 26 AS matched
Feed back given on property purchase...double amt reflected in TIS....feedback....inf is duplicate shown somewhere else ...feedback given
Please suggest anything wrong from my side...for ITR not to get processed
All Subjects Combo (Regular Batch) Jan & May 26
Capital Gain on Sale of Private company's shares