whether portfolio management fees shall be allowed as deduction against short term capital gain u/s 111A?

My wife is a Salaried Individual. She invested regular SIPs in Equity Mutual Funds. In FY 2024-25, due to need of money for personal requirements, she sold some units of Mutual Funds amounting Rs. 10,000/- and more. Which ITR Form she should be filed in AY 2025-26. In last few years, she filed her annual income of Salary, Tuition and Bank FDs interest with ITR-1. Which ITR FORM in this AY 2025-26, should she file ITR-2 or not? Give your expert opinion, that which ITR Form in AY 2025-26, she file ?

My AIS has duplicate entry on sale of securities from cdsl &kfintech.Against cdsl entry i have given the feedback as duplicate information.Do i need to specify where the duplicate entry appear.If so how to show as Feedback has no such option.

Hi
While filing my return for AY 25-26, I saw in my AIS and TIS a strange entry called Interest other than "Interest on Securities" received (Section 194A) and Information source as :OFFICE OF REGIONAL PROVIDENT FUND COMMISSIONER BANDRA EAST (MUMO03518E). The amount shown is Rs 53160 and TDS deduction on the same is Rs 5316.

My contribution to PPF+PF+EPS has not exceeded Rs 7.5 lacs in AY 25-26 and there is no bank entry in my bank regarding this amount. My question is what is this amount and do i need to add this amount in Sch OS ?

Thanks

Dear Sir,
In AY 22-23,I had invested in money multiplier fixed deposits in ICICI Bank which is linked to savings bank account. I had made deposit of 6 lakhs for few months and closed it,then again deposited 5 lakhs from maturity amount without deploying fresh capital. Now my AIS is reflecting term deposit of 11 lakh as cumulative fd amount although my total capital in account was not more than 6 lakh, thus increasing my compliance which can attract IT notice in future being fd of more than 10 lakh ( High Value Transaction).

My question is:
How to address this problem by any means and how to rectify feedback in AIS ?

Thanks Sir

In my KFintech capital gain report, a few entries for Motilal Oswal Nasdaq 100 Fund of Fund are showing under Long Term Capital Gain with Indexation.

Since this is an equity fund, I’m confused. How should I report these gains in ITR-3?

Hi,

I am a freelancer providing professional services(U S Mortgage related) and tds deducted under section 194J. ( Income is under 5 lakhs)

Exactly under which section Do I need to show my income whether in section 44AD or 44ADA?

Because the business code suitable is 16019 - other professionals services. But this code is available under 44AD only and not under 44ADA.

So, can I use 16005 - engineering & technical consultancy code which is available under 44ADA.

My wife started Affiliate marketing in FY 24-25 as a side hustle. The receipts for that FY were around 4 Lakh. Now she has to file ITR-3 since this needs to be shown as Income from Business and Profession. Earlier she was filing ITR-2 since she only had Interest Income and capital gain income.

My query is that how do we make the Balance sheet in ITR-3? She is doing the business in her own personal name without any current account. She is getting all affiliate commissions in her savings account which is also being used as a typical savings account. There are obviously no fixed assets, no investments, no liabilities.

Do I just show the savings bank account balance as her assets and the same figure as her capital in the liabilities section? Can this be done since the savings account credits includes all affiliate commission receipts, debits includes all expenses and other debits are all personal expenses which can be assumed as drawings. Can someone please guide me?

still confused .

for 54 f disallowance ( EQUITY ) of previous financial year , what is the rate of tax . is it based on the date of original transaction or the date on which the exemption was withdrawn ( the condition broken ).
the original sale date was 10/08/2023 ie before 23 july 2024 . The condition was broken on 18/11/2024 ie after 23 july 2024 .so what is the rate 10 % or 12.50 %

and how to subtsantiate this

I invested in the Motilal Oswal Nasdaq 100 Fund of Fund - Direct Plan on 17/11/2021 and 28/05/2021, and sold all units on 10/06/2024. However, the Kfintech report shows the first investment as Short-Term Capital Gains (STCG), whereas the Groww report shows all as Long-Term Capital Gains (LTCG). How should I file my ITR for this?