An assessee earns 40Lakhs as Income from Long term capital gains in the month of May 2026.
How much advance tax should be paid and in how many instalments so as to avoid any interest / penalty.

Explain the procedure for claiming refund of an unconsumed/excess TDS challan through the TRACES portal In detail.

There are three Partners taking remuneration Rs.4,20,000/- p a each. and TDS @ 10% has been deducted and paid u/s 194T. etds returns are filed
However in terms of profit of the partnership firm remuneration each of Rs.1,00,000/- is allowable towards remuneration to partners
My question is balance Rs.3,20,000/- can be adjusted as drawings of partner and also whether etds returns need to be revised with remuneration as Rs.1,00,000/- instead of Rs.4.20 L ?

Dear sir/madam
I recieved a gift from my mother through NEFT transaction, about 2000000 (20 lakhs), but i am trying to mention in ITR 4 (as im a professional), in Exempt income --> others. But i'm unable to find the column. It was there last year and i was able to document, but this year i'm unable to do so.
Kindly explain on how to do it and whether i need to do or not.

Whether Sale of Rural Agriculture Land at JAMNAGAR VILL KANSUMRA is Exempt from Capital Gain Tax Liability or not ??

Dear Sir

I woule like to know as under what circusmtances income tax department announces amnesty scheme ?

For Financial Year 2025-2026, Form10BD is applicable and Not Form 113. Because Form 113 is applicable for Tax Year 2026-2027. Due date for Form10BD for Financial Year 2025-26 is 31-May-2026.

For Current Submission on 18-May-2026 and 19-May-2026,
Form10BD was uploaded successfully without any Error. However after 24 hours, Form10BE are not available for download. It is almost 2-3 days are over after Filing Form10BD. But Form10BE are not available on Portal.

In previous filing of 13-May-2026, Form10BD was uploaded successfully without any Error. However after checking Status after 4-5 days, I tried to download Form10BE and Following Error Displayed.

The CSV uploaded in Form 10BD submitted is not as per CSV instruction sheet due to which 10BE PDF’s can not be generated. You are hence requested to go through the instruction sheet carefully and file form 10BD again.
Note:
Headers of CSV file shall not be changed.
Date of issuance of URN shall be in DD/MMM/YYYY format. (For Eg: 29/Apr/2022)
Amount field shall be positive and contain numerics only. Do not use alphabets or characters like . Or ,
Pre acknowledgement no. field shall be left blank for FY 2021-22. Do not delete the column or enter zero,hyphen,NA etc.
No changes shall be made in converted CSV file. If needed then please edit the same excel file used before conversion and convert it again into .csv format and upload.


Can any Expert guide me for this situations?

For PREVIOUS YEAR 2025-26, should we use form 10BD or the newly introduced Form 113.
I had filed the form 10BD on 12th May. But till date the 10BEs have not got generated. That is causing me un-easiness as to what needs to be done. Please help.

Dear Sir,

One of my client runs a Pvt Ltd. company in which he has booked and FD of Rs. 5 lacs in the year 2022. Now he wants to break that FD and withdraw the amount either in the form of Salary or any other source of income.

My query is the company does not earn much profit hence if the company gives Rs. 5 lacs as salary or any other expense will there be any compliance issue to the company with the loss of Rs. 5 lacs carry forward to next year.

Please help me in this matter

One of our client paid TDS for the month of April 2026 on 07.05.2026. By mistake they selected the Financial year 2025-26 in the 1961 IT coloumn instead of Income tax 2025 Tax year 2026-27. Please let me know how to correct the challan for the current year. Please advise.