Need help related to query

One of my clients has received income from business trust (powergrid investment infrastructure trust) and tds is also deducted under section 194LBA. He has shown this income in his ITR under the head of income from other sources at normal rate.

Now the income tax department has sent notice that income from business trust is not shown in your ITR. Kindly show this income under income from other sources at the specified rate.

Please help me in this regard

hiii!!! Rent received from builder for redevelopment of flat , it is exempt income ? of do we have to report this under ITR ??

Is rectification of error u/s 154 for return of AY 25-26 filed is liable for any penalty or charges for correction of name?

Currently I have two properties (flats) - one inherited from my mother and another flat (B) which I bought in 2018. I am planning to buy another flat (C) currently and planning to sell the one I bought (B) in 2018. However the sequence will be - I buy the new flat (C) now and then sell the bought (B) 2018 flat within the next 6 months of buying the new flat (C).

Can I offset the LTCG of selling the flat (B) with the buy value of the new flat (C) , so that my LTCG tax is minimized or nil depending upon the gains and buy price of new 2nd hand flat.

Hello Experts,

I bought shares in a private limited company on 06/09/2021. And i sold the shares on 08/12/2025.
I earned profit Rs. 15 lakhs.
How can I pay Tax on It...?
Can I claim exemption as per "Exemption from Capital Gain"????

Please give your expert opinion and guide how it's

Thanks in Advance

Hii!!!! partnership firm liable to tax audit under income tax act, my factory rent is 48000 P.M. from April to Sep 2025 and from October to January -72000 P.M. , i have to vacant from Feb onwards, kindly explain TDS applicability for the same.

One of my acquaintances has withdrawn ₹22 lakh in cash from a savings bank account and paid the amount to the seller in cash for purchase of house, which has not been reflected in the registered property documents. What are the possible consequences of this transaction, and what steps can the buyer take now to protect himself?

I have purchase a under construction apartment from a buyer(second aprty sale) at total consideration of 15950000 ( including 662605 GST).
In Builder Buyer agreement value of apartment was 13914000 (including 662605 GST)
I have paid Rs 8993000 to first party. Balance I will pay to builder in installments. Today I paid 3350000 installment to builder. I need to 1% as TDS on property.
My query is what amount I need to put in TOTAL VALUE OF CONSIDERATION (PROPERTY VALUE) while paying TDS on installment amount.

Will it be 15950000 OR 13914000 ??

A client is engaged in the business of speculating in gold and silver. What should be stated as the nature of business: “trading firm” or “financial investment firm”?

I have rec'd sms from the dept stating there is mismatch between itr filed and Data with the department asking me to file revised return or give feedback on the AIS - but there is no email though the sms says so. The income tax website also does not show any details . Can some one help. The itr filed is as per the AIS only . I already have received 143 1 intimation and the website says it as assessed