I need some guidance regarding income tax filing. I transferred total ₹11,000 from my mother’s bank account to my Paytm wallet in 1 year. I don’t have any other source of income.

Do I need to report this transaction in ITR ?

Thanks in advance for your help!

Please advise me on below points:
1. Whether political party is required to file Form - 10B.
2. ITR - 7 is the Correct ITR form for Political Party. And How to File ITR - 7
3. If some one have the details about the compliance requirement related to political party and how to file ITR - 7 for political party. Kindly share.

Private Limited company has given dividend to NRI shareholder and deducted TDS @ 20.80%
For payment for this dividend whether following details are correct
Challan 281
Tax on regular assessment
A Y 2026-27
Non company deductees
Section 195
are above details correct ?

Kindly advise whether 80G exemption is available if Donation is given as Corpus funds. What is the Basic difference between Donation for Corpus and Normal Donation . Please explain in details with Income tax sections etc

BNHGT..............................

Saudi company has deducted 15% TDS. how can claim the refund or credit in India?

Which forms need to be filed?
what is the procedure to claim relief under the India–Saudi DTAA? 

Hi,
Is it necessary to collect all hard copy of employee claim expenses invoices as per IT maintainenece of record / or soft copy is enough ?

If we file the Income Tax Return for Financial Year 24-25 now , so this will be the updated return and refund will not be claimed. Whether we can get the refund in case of claiming the current year (24-25) refund in Next year (25-26) manually?

Dear Sir/Madam,

I would like to seek clarification regarding the applicability and rate of TDS under Section 195 of the Income-tax Act, 1961 in the following case:

A property is proposed to be sold for a total consideration of ₹1,000,000 jointly held by 5 co-owners. One of the co-owners is a Non-Resident Indian (NRI), holding an 20% share in the property, with corresponding sale consideration of Rs 20,00,000. Whether TDS under Section 195 is applicable on the NRI co-owner’s share of ₹2000000, even though the amount is below ₹50,00,000. need to now LTCG % + surcharge %+Cess = ?

Writing

Subject: Applicability of Maximum Surcharge @25% under Section 115BAC for Discretionary Trust (AOP)

I have a discretionary trust assessed in the status of an AOP. For FY 2024–25 (AY 2025–26), the return of income was filed opting for the new tax regime under Section 115BAC.

While computing tax liability, surcharge was restricted to 25% in accordance with the provisions of Section 115BAC, which provides for a maximum surcharge of 25%.

However, in the intimation received under Section 143(1), the Income Tax Department has recomputed the tax liability by applying surcharge at 37%.

In this regard, clarification is sought on the following:

Whether a discretionary trust (taxed as AOP) opting for Section 115BAC is eligible for the capped surcharge rate of 25%.
Whether the CPC is justified in applying surcharge at 37% despite the assessee opting for Section 115BAC.
Whether rectification under Section 154 would be the appropriate remedy in this case.

It is my understanding that under the amended provisions applicable for AY 2025–26, the maximum surcharge under Section 115BAC is restricted to 25% for all eligible assessees, including AOPS- Private discretionary trust.

Kindly provide your expert opinion on the correctness of the department’s adjustment.

Thanking you.