If a taxpayer having income from business or profession has opted for the old tax regime for the Financial Year 2024-25, he shall be allowed to switch to the new tax regime for the Financial Year 2025-26 only once. However, once the new tax regime is opted, he shall not be eligible to switch back to the old regime in any subsequent year, unless the business or professional income ceases to exist. is this correct??

Sir, I am a defence pensioner and have some capital gain against stock sell. When I am proceeding to fill schedule salary , I am not able to fill
Pension amount not the column is pre Please suggest how to proceed.


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My friend is Govt. pleader who has received professional fees for representing govt.. TDS was deducted u/s.194JB. now, whether he has to file ITR 3 or ITR 4? can he opt for presumptive taxation ? please advice. thanks a lot.

Whether TDS u/s 194Q is applicable for issuance of Privilege Vouchers which will be redeemed later on in the retail stores. At the time of accepting payment against Privilege Vouchers the sale proceeds not completed. In this scenario the supply of goods not ascertained. So our specific query whether TDS u/s 194Q is applicable at the time of acceptance of money as advance ?

SIR MY QUARY I RECEIVED COMMISSION FROM INSURANCE RS.20 LACS CAN I PROFIT SHOWING 7 LACS OR NOT

If tax payer opt new tax regime in privious year and opt old tax regime through filing 10iea in current assesment year due to his deductions...
Can he opt new tax regime in next year?

Sir,
While filing ITR3 AY2025-26 & after Internal validation when tried to do upload validation then at this stage ( even with internal validation no error green status ) following error appears :
[#/ITR/ITR3/ScheduleEI/Othersinc:required key[NaturedfDescDivName] -Please contact developer of your utility with errorkey.
to resolve it Following measures are already taken
A} Browser Cleaning
B) Grouping putting exempted PPF Interest amount against Section 10(11) option instead of Other Amounts with description in Schedule EI
C) Removing Schedule EI altogether and after pause of two hrs again adding schedule EI with inputs as above
But the same error reappears and not doing upload validation complete
Now Query:
1.What is cause of it ?
2.Is ITR3 online filing is not working well??
3. How to resolve it ???
4 Are others also facing this problem ????

Here to note that filing of ITR1 and ITR2 worked well with no errors. Only ITR3 uploading error is appearing.
Pls help to resolve the issue w.e.t ITR3 AY2025-26

TDS u/s 194T is required to be deducted on remuneration ,profit and Interest wef from 1.4.2025, remuneration/interest/profit pretaining to 2024-25 credited on 31.3.2025 but paid in FY 2025-26,whether TDS required to be deducted ?

Hello
This year capital gain before 23 july and after we july is to shown seperately.

Short term loss is 2.25 Lakh .

Long term gain is 8.00 lakh

*Bifercarion of before and after and a quarter wise is available

Net gain after set off is 5.75 L .

My point is how to show quarter wise net gain of 5.75 Lakh as gain is before 22 july and loss is after 22 july and that to different quarters.

In schedule negative figure is not allowed.

Please give solution.

I incurred a loss of Rs. 297 in intraday. I have shown "nature of business" as 1. profession(engineering consultancy) and 2. trading in intraday. Do I have to fill up the balance sheet page of ITR3?