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.

Dear Sir,

This year we are going to receive long-term capital gain from our overseas investment in shares.
Also, this year I am building a new house, but the land is in the name of a company in which I am a major shareholder. In past, due to the land sealing act, we distributed land in different Private Limited Companies in 1975. The MOA of the company is allow to use of this land to build a house for residential purposes.

My questions are :
1. Shall I get a benefit to save capital gain tax u/s 54. ?
2. If not, can I do a joint agreement with the company and get a benefit to save Capital Gain Tax ?

Please advise.

Best regards
Girish





,

Is there any change in existing TDS rate for section 194M under income tax act 1961 corresponding section 393(1) (Sl No 6(ii).

As of now it is 2% (reduced from 5%, wef 01.10.24)

PURCHASE TAXABLE VALUE OF PRODUCT 5000
TAX 200
INVOICE AMOUNT 6200
DISCOUNT 6200
INVOICE VALUE NILL
“Will this taxable value of 5000 be shown in purchases? And then, will the final discount be shown in indirect income, or will the purchase value directly become zero in trading? Thanks in advance.”

I had gifted some shares to my wife. She sold these shares and also received dividend on these shares. TDS was also deducted on the dividend. All these transactions are showing in her AIS and 26AS.

How do I treat the capital gain, dividend and TDS in IT return?