I have filed appeals before CIT (A) under Faceless Scheme. I am receiving notices from JCIT(A) with their individual name, designation and location instead of using NATIONAL FACELSS AUTHORITY. Are there any changes in the scheme. I am under the impression that the main purpose of faceless scheme is to avoid identity and direct interaction. Pl clarify.

I have certain debt mutual fund units bought before 1st April 2023. Currently if this units are redeemed then they are taxable at 12.5% flat without indexation (let me know if understaning is correct).
Can I sell these units and its LTCG can be used to purchase a residential property claiming exemption under section 54F?
Suggest me a way to go for least tax liability.

Our client's Assessment Proceeding raised a demand under section 143(3) FOR A.Y. 2024-25 and the demand amount is the same as the refund given. They did not consider TDS. Can we file a rectification of return as per section 154?

I invested 1.5 lakh in FY 2023-24, in FY 2024-25 after holding more than a year, I redeem them with profit of 46,000. Now when I check it in MFcentral.com it shows the gain under STCG. International funds redemption and tax calculation is little bit different.
My question is will this be part of my short term equity gain(as mention in mfcentral) or will be considered as short term gain under debt funds? In case of debt fund. will this get added to my taxable income or there will be any fixed tax rate (percentage) applicable on this redemption.

Dear Sir,

We have one Private Limited Company. Once the Director is also a shareholder in the company and has 50% shares in the company. The director has given a loan to the company for business. The same loan has been reported in DTP-3 with ROC and in the Financials of the company, which disclosed with Income tax . The amount is around 1.50 crore.

Now the company is not in position to repay it and want to write of this amount in company's financial.
so My questions are :
1. What would be tax treatment in company . If this will treated under other income , and company have profit .... this profit can adjust against past carried forward loss ?
2. Director can claim it as business loss or capital loss in his personal tax return ?
3. If Director having other income during the years ....the business loss or capital Investment loss can be adjust again other income ? and can save tax ?

Request you please advise in this matter .

Best Regards
Girish Limbachiya

If more than 1 buyer in property purchase than what will be total sale Consideration amount in 26QB of each buyer total 60,00,000 property cost
same ratio 33.33 of partner

Dear sir/s, we hereby need your suggestion for applicability of Income Tax TCS on export services, one of my client is hired his Tipper to foreign company Bhutan, is the services applicable for any TDS/TCS under Income Tax Act, kindly inform me.

Thanking you sir,

ITR 2-Return Filed on 20.7.2025 for F.Y. 2024-25. On portal find that return is not processed, not even showing as processing. Had filed much earlier in month of July and excess advance tax paid pending to be received. What is the time line to process. Can we write/ remind to department to process and refund excess advance tax paid. It is a simple return filed for the Dividend and Interest Income. No deductions are claimed. There is no Mismatch with respect to TDS.

Thanks in advance

I have an app on Play Store, admob/adsense revenue 19.80L do I need GST registration?
I have filled ITR under ITR 4 as 44AD and chosen business type other services any problem?

If tds has been deducted under section 194J(b) whether the ITR can be filed by showing income under section 44AD or under section 44ADA ?