Lotus

how to apply pan card for self help group. what are the require documents.


Ankur Aggarwal
12 July 2026 at 19:14

Reporting of STCG on Property in ITR

Hi,

I had purchased 3 land parcels on different dates, different sellers and separate registries.
1. Oct 2024 - Seller 1, Land 1 - 100 SQM, COA - 10L
2. Dec 2024 - Seller 2, Land 2 - 100 SQM, COA - 10L
3. Jan 2025 - Seller 3, Land 3 - 100 SQM - COA - 10L

I sold all 3 parcels of land combined to one buyer in a single registry.
July 2025 - Buyer - 300 SQM - Value - 45L

- The above transaction has to be reported as Short Term Capital Gain for ITR FY 25-26.
The STCG section does not have an option to report multiple registries together and only one date of purchase can be entered.
1. Option 1 - Report each land sell separately, by dividing the sell value in 3 equal portions.
2. Option 2 - Report total land sell in one go, by taking the date of purchase of the earliest land.
3. Option 3 - If any other option can be suggested.

Please advice on how to go ahead with this.

Thanks in Advance.


Yasir
12 July 2026 at 15:04

Which ITR To be filed by dentist

a dentist receive salary from his employer he receives some amount from own practice & receives some amount as gifts from his parents which itr should he filed is balance sheet required for itr filling


Atul Sharma

I gifted mutual fund units to my daughter in January 2026. Now my AIS shows this transaction as off market transaction. Kindly advise in which schedule of ITR-2, I have to show this transaction as a transferor. I understand that my daughter has to show this transaction in exempted income schedule.


Ecstasyvio

AIS statement shows foreign remittance receipt under section 195 of INR 80/- with TDS Rs.25/- plus interest on savings INR 109/-. whereas 26AS shows only foreign remittance receipt of INR.80 with TDS Rs.25/- divided in quarterly sums .
But in reality there is no receipt . Guide me for filing ITR2. no other income in India.


Kawai
11 July 2026 at 16:46

CG Tax On residential property

ITR utility 2/3 is calculating tax @15% for sale of residential property purchased before the cutoff date, July 23, 2024, instead of 20% with indexation. How to correct it?


Nagaraj

Hi
When landowner sell his share of flat on or before the completion date when he should file income tax return and declare capital gain income?
Section of the proviso says when the capital gains shall be deemed to be the income of the previous year in which such transfer takes place.. what is which transfer refers to flats or land it decides the year of chargeability, can some one help me with this


rmalhotra
10 July 2026 at 11:10

Post Office RD Interest

Sir,
It is on record that Indian Post Office does not credit Annual Accrued Interest of RD. It pays only on maturity of RD along with Principle amount. It also does not deduct TDS But depositor shows approx accrued interest on his RD in his every annual ITRs to avoid heavy tax burden in the last year of RD Maturity. It causes mismatch in figure as reported in AIS in the maturity year of RD. Depositor gives feed back in maturity year with his yearly details of interest amount he had already reported in relevant previous years ITRs But when ITax Department gets confirmation of feedback from 'Source" i.e. Post Office , it reports that "feedback of depositor as incorrect "as it credits interest only at maturity. This specific problem occurs only in case of Post Office RDs Hence query:--

1. Whether Depositor Is correct by reporting regularly annual approx accrued interest in his every
early ITRs ?
2. What action lies on part of Depositor when Source Post Office returns feed back as " Incorrect Feed Back " ?
3 What ITax Department does on such feed back ultimately when figures of AIS and ITR does not match in such situation / Feed back . ?
4. What is correct way to treat accrued interest on Post Office RDs when they are following different way of Accounting i.e. Cash Basis where as depositor follows accrual basis of accounting for RDs interests every year. ?

Please help & guide Point wise .


Sayantan Chakraborty

Hello There,
on 9/7/26 I filed ITR 3 of an individual who is partner of a partnership firm
For Partner Salary interest (previously I showed only BP Schedule) but now I notice that in P/L credit Side two more line added (14)xi b & c.
example: suppose salary 200000/-
1st time I shown only in Bp schedule and its error in upload level (error was i have to shown in P/L)
then i show the amount in p/l and as well as bp schedule then I notice the amount became exact double.
MY QUESTION IS IF I SHOW PARTNER SALARY IN P/L IS IT NECESSARY TO SHOWN IN BP SCHEDULE(IF NECESSARY THEN WHAT IS THE TREATMENT FOR NOT SHOWING DOUBLE SALARY INCOME)

PLEASE HELP


suren

Dear Experts,

The assessee has sold delisted shares bought 15-20 years back having negative book value in off market deal for 1500/- and shares transferred to buyer in Demat account incurring loss of 98000/-. These shares are not traded on the exchanges in last 5-10 years.
Does section 50CA applies to these transactions? If yes, how one can find FMV in absence of financial data for many years? Where it is to be shown in the schedule of Capital Gain?
Secondly, while filing return in form 3 for AY 2026-27 under new regime, the assessee has total income of 16 lac comparing of LTCG u/s 112A Rs. 7 lac and Normal income of Rs. 9 lac. The utility calculates tax on Normal income and Special rate income and allows 87A rebate on tax on normal income.
Is there technical glitch or it’s a correct position?
Your guidance will be highly appreciated.

Thanks






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