Dear Experts,

In previous year I was on my probation period for 6 months and my company have deducted TDS on my salary payment under 194C. I want to file my ITR for AY 24-25 but AI generated data shows my probation period salary under Income from business/profession. Can I file ITR-1 or I need to file ITR-3 to show that salary value as Income form Profession? In previous year I have filed ITR-3, Please assist me in selection of ITR form for AY 23-24

Hello sir ,

My wife is salaried and having income of 7 L . She have purchase Mutual fund (SIP ) of Rs 3 L but not yet sell anu Mutual fund .
She have also income of 2 L from intrest on saving and FD .
Which from should we choose ITR1 as MT not yet sale ? Or ITR2 ?

We have filed ITR 1 on 8th july but not yet process so raising this question. As ITR1 generally getting process in 1 or max 2 days .

Dear Experts

Who all are have to file form 10IEA, Can we file after the ITR filed also. Or else form 10IEA is only for those who all are filing ITR 3?

Thank you
Vijith T K

Hi,

My father has sold agriculture land in rural area. there is no other income.

1. Which ITR is to be filed?
2. whether it is required to show in ITR?
3. Whether i have to show this sales proceeds ITR?
4. Which document is required as a proof as land is in rural agriculture land?
5. How to prove the distant to fulfill condition of Rural agriculture land.

A bank account is prevalidated on ITD website. It shows "Restricted Refund". what does this mean? Is the amount of refund restricted to some upper limit or is there any other implicatoin. Please guide. Thanks

Sir, One of my client, as he has got some good discount offer to buy the car and as he was pressurized by the banker to take the delivery of the car by so and so date, though he has not having money in the bank at that time, due to good offer, he has gathered the amount in cash from his friends circle and deposited the same in to his bank account and completed the car deal and that of Rs. 15,00,000 cash deposits are reported in the ATS/AIS/TIS accordingly. He is only a salaried employee and all of his salary entries in the bank are in electronic mode.
Now the issue is, I can not show as advance/loan received in cash from friends? so any solution to come over this cash deposits issue sir

I have given 10 lakhs to my party as unsecured loan. Since the last 3 years, he is deducting TDS on the interest amount and paying it to the govt, and he is adding the interest amount to the principal amount.
Now for the current financial year, he has still not paid the TDS amount to the govt.
How do I file my ITR now ?
Should I add the interest amount to my income, and when should I claim the TDS amount in my ITR ?
Please guide. It is urgent as only 2 days left for filing ITR.

I have filled ITR for AY-24-24 without claiming EQUITY AND F&O LOSSES in orginal ITR before due date in the absence of information. Can I claim such losses into Revised ITR after due date?

Hello,

I have profit on the buyback of shares by the company and It is a short-term gain.

The details as per Demat A/c:
Buy value: 8 qty x 362.9 price=2,903.2
Sale value: 8 qty x 445 price = 3,560
Realized buyback p&L = 656.8

And details as per AIS:
Sale value: 10qty x 445 =4,450
Cost of acquisition: 3,629
FMV:3,046.50

My question is what amount is included in STCG ?? The AIS and demat a/c show different figures what should I do?

My mother has to file the return on behalf of my late father. Can I have a format for an indemnity bond to register as the Representative.

Many thanks