if a stock purchased in January 2025 and sold in April 2025, then profit from the said transaction will be treated in which FY 2024-25 or 2025-26?

Sir,

Our LLP has a turnover of 46 lakh so pls share due date and whether audit required

Sir,
one of my friend has income during 25-26 is below
from rent 8,00,000
bank interest 12,00,000
partner salary 5,00,000
he is above 60 but below 80, and select new tax slab.
my doubt is
1. while compute income tax all income is effected tax slab .is there is any separate tax for bank interest
2. can get standard deduction 75,000 for partner salary
please advise

If, mr.x purchased property before 2001 and now he sale property in the f.y. 2024-25. mr. X has made property valuation as on 1.4.2001 (which was purchased before 2001) is more than stamp duty value as on 1.4.2001. therefore, Mr. X consider valuation as on 1.4.2001 which is higher than stamp duty value as on 1.4.2001 in their income tax return?

Dear Sir
Our earlier employee left service in FY 2023-24 & received his EPF balance in FY 2024-25
he left his service after 10 continuous employment years
TDS was also deducted

During FY 2024-25 he only have interest income from sb account and this EPF receipt
How to show the same in ITR

Please reply

Regards

Tribhuvan

Mr X Software engineer gone to Pune first time to abroad USA on 11 Aug 2024 and come back on 1 September 2025. He was more then 182 during Fy 2024 25.
In India he has only salary income of 3.Lakh.
Which return to file for financial year 2024 25 ITR 1 or ITR 2? .
What will be his residential status . Resident Or Non resident.

I have prepared ITR 2 with non resident. Whether it is correct ? Return not submitted.
Please guide at an earliest

i am Filing ITR-5 for AOP/BOI , i am getting below mentioned error ,



You will not be allowed to upload the return, kindly correct the below errors in order to proceed further.
1 Error(s) found

SI. No

Error Description

Suggestions

1

Assessee selects sub status "Society registered under society registration
Act, 1860 or any other Law corresponding to that state, Business Trust,
Investment Fund, any other AOP/BOI" in schedule Part A General and Table
A, SI. No. B and SI. No. D in Part A general 2 is blank

Kindly select "Yes" or "No" in Table A, SI. No. B and SI. No. D in Part A
general 2 if Assessee selects sub status "Society registered under society
registration Act, 1860 or any other Law corresponding to that state,
Business Trust, Investment Fund, any other AOP/BOI" in schedule Part A
General

Hello,

Can any one help to prepare pnl of following details-
Buy Value Sell Date Sell Price Sell Value Realized P&L
-8,15,856.50 34,58,199.80
3,15,83,718.00 3,07,67,861.50 -8,15,856.50 42,74,056.30
Buy Value Sell Date Sell Price Sell Value Realized P&L Turnover

Trading Account of Futurre and Option (F&O) for the year ended 31st March 2025

Particulars Amount (Rs) Particulars Amount (Rs)
To Purchases By Sales
By Gorss Loss
Total - Total -

Profit and Loss Account for the year ended on 31st March 2025
Particulars Amount (Rs) Particulars Amount (Rs)
To Loss from F&O - By Net Loss transferred to Capita Account 1,41,350.00
To Mobile and Internet Expense 48,396.00
To Brokerage & Other Expense 86,434.00
To Misc. Expenses 6,520.00


1,41,350.00 1,41,350.00

Hi, Experts please guide.
RHP 1 (Residential House Property) Bought - 22/06/2021 - Rs. 60,00,000
RHP 1 Sold - 12/12/24 - Rs. 1,00,00,000
LTCG as property sold after 2 years.
Capital Gain as per Old Taxation 20 % with indexation - Rs. 31,29,338
Capital Gain as per New Taxation 12.5% - Rs. 40,00,000
I have purchased RHP 2 on 03/03/25 for Rs. 50,00,000 and want to claim exemption under section 54. Now when reporting in ITR, I should take amount of deduction claimed as 31,29,338 or 40,00,000?

Also, if the RHP 2 was of value 38,00,000. Then could i take complete exemption under section 54 by showing property in old taxation?

Thanks

Sir, one of the assessee has business income (Trading of goods) which was put under 44AD, he also has the speculative business (F&O Transactions), which we are reporting as (+)positive and (–) negative values in the income tax returns. However, when I check the Cash collections and Cash payments which was done from the trading of goods business it is more than 5% to the total turnover and more than 5% to the total expenditure, “totals” here means the trading of goods turnover and speculative business turnover, Now the question is, do I have to get the books of accounts audited u/s.44AD, as I am not satisfying the proviso’s to the clause (a) of section 44AD.