Sir
I have filed original return on 8th June 2024 for which I got prime facie adjustment notice in old tax regime. Subsequently I have filed first revised return on 16th July 2024 under old tax regime for which I got intimation order. Since my 26 AS got updated in August 2024 I revise second revise itr in new tax regime on 7th November 2024.which is not processed yet My query is
1.Whether cpc will process my second revise return filed on 7th November 2024 in old or new tax regime.
2. If second revised return got invalid then first revised return for which I receive intimation order will be valid or not and taken as final assessment or not
Thanks
1.W

Hi All,
I had bought a flat from a builder in Aug'23 by giving a booking amount and got my BBA executed in Mar'23. In the BBA terms there was a dispute b/w builder and the buyer due to which I had lodged a police complaint and a case in RERA against them.

Recently we both have mutually agreed to settle the matter on following terms by a settlement deed. The builder has cancelled my unit and refunded my amount and in Lieu of taking all my complaints back they have given an additional compensation.

Will this additional compensation over and above the amount i have given is taxable? I have gone through cases of such matter and found that it can be considered as a capital receipt as the compensation given is to relinquish my rights to sue and its a one time settlement and it's not my core business. If that is so will there be any tax liability?

The builder is forcing to deduct the 10 percent TDS kindly guide.

ITR 2 for AY 2024-25 has been filed around 17th June,2024 and verified electronically through Aadhar OTP on the same date. It's been 6 month the ITR has not been processed by the CPC, due to which the refund has also not been processed.
Update: The ITR is not processed even after 31st December 2024.
What are the remedies and options available in this case?

What is the tax rate at maturity on ULIP (Unit Linked Insurance Plan) that does NOT qualify for capital gain exemption under Section 10(10D)? Is it treated like a mutual fund held long-term? Also, does the distinction between the tax rates for debt and equity apply?

In case of appeal against income tax order, on which amount 20% applicable whether on Gross Tax liability or Net tax liability (Gross Tax liability plus interest adjustments)?

While I am trying to file the ITR3 U/S 139(8A) FOR AY 23-24 and validating the sheet DPM-DOA AN ERROR POP UP AS Under
DPM45 CAPITAL GAIN/LOSS UNDER SECTION 50 CANNOT BE NEGATIVE pls help me

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Whether capital gain is applicable in the year of development agreement or in the year of handing over of apartment

Dear Sir,
As an individual Excess TDS deduct/paid u/s-194M of a contractor and form 26QD filed properly.
Case:-
Bill Date 25.09.2024
Bill Received date-05.10.2024
Bill amount 2500000/-
TDS amount- 125000/-
TDS Deduct/Paid @ 5% due to Sep Bill but received on Oct-2024
Form 26QD Filed with 5% reflect and shown
But Now, Form 16D Shown 2% TDS Rate and TDS amount 50000/-
Excess TDS of Rs. 75000/- Shown in Challan with Traces

Party Demanding Differential TDS of Rs. 75000/- to us
Question is how to utilised this surplus TDS amount.

Dear sir, whetether the above subject cerfitcates are sanctioned by the authority based on the PAN ? and TAN ?, kinldy clarify sir