A public charitable trust is formed for the object as EDUCATION. If any year income applied is short of 85% and trust file Form 10 for setting aside / accumulating the short fall amount and mention in the form 10 that amount is accumulated towards education , amninistrative and establishment expenses, and building repair expenses i.e. total revenue expenditure to be incurred in the next financial year for the charitable object i.e. education expenses. Whether this can be considered as accumulation for the sum specific purpose only ??? By the ITO in assessment proceedings or he can reject the same claim on the ground that it is not for specific purpose???

At the time of verification of an ITR1 for the A.Y. 2025-26, a message comes (#/ITR/ITR1/REFUND/BANKACCOUNTDTLS/ADDTNBANKDETAILS/5/ACCOUNT TYPE: IS NOT A VALID ENUM VALUE).
Kindly help me by providing your valuable direction to overcome the said errors. Your kind help is highly solicited. Regards, Tarak Kumar Roy, 150/1/1, Banerjee Para Road, P.O. Naihati-743145, West Bengal

Section 194LBA – Certain Income from units of Business Trust. Which head of income is to be admitted 194LBA?

I bought a car in May 2024, and TCS (Tax Collected at Source) was deducted at the time of purchase. However, my PAN and Aadhaar were not linked back then.

I linked my Aadhaar with PAN in June 2025, but the TCS amount is still not showing in my Form 26AS.

Is there a time limit for the TCS to reflect in 26AS after linking Aadhaar? If not, what steps can I take to fix this issue?

Sir in my account,
Intraday equity trading cash (non f&o): loss 265/
Total turnover: 500/ only
STCG from share: 210000/
STCG from debt mutual fund: 25000/
LTCG from mutual fund: 97000/
Savings account interest income: 45000/
Commissions: 3700/ only (YDS deducted u/s 194H)
Since total income above basic exemption limit of 250000/ and loss in intraday equity,I can't opt 44AD as commission is there.

So,books of accounts and audit mandatory for me?
Please help as I'm confused and worried a bit too,
Thanks

A person works as a gold appraiser for various banks, providing valuation services for pledged gold. The banks have deducted TDS under Section 194J(b), treating the income as technical service. He is not a certified or formally qualified appraiser, but he has the necessary technical skills and experience in gold valuation.

*He operates independently and provides services for multiple banks.
*He does not maintain any books of accounts.
*His annual income is approximately ₹5 to ₹7 lakhs.

Based on the above, I seek clarification on the correct tax treatment:
1. Can the income be shown under Section 44ADA (as technical consultancy), even though he is not formally qualified?
2. Alternatively, should the income be shown under Section 44AD as business income?
3. If filing under ITR-3, how should the income be reported without maintaining books of accounts?

My husband passed away in December 2024. As his spouse, I will be acting as his legal representative to file his Income Tax Return for the financial year 2024–25, based on the income he earned up to the date of his passing.
As nominees, my son, my in-laws, and I have received certain amounts from the bank, insurance policies, and other sources. I would like to understand:
Are we required to report these receipts in our respective Income Tax Returns?
If yes, could you please clarify the applicable section under which this income should be declared?
Are we required to submit any supporting documents for these receipts?

Can I avail sec 54EC (investment in bonds) for LTCG in two ancestral properties sold more than ten years apart?
amount for my share as beneficiary, not exceeding 50 lakhs in each case.

Dear Sir
There are some assessee who have income through Labour charges,like running guarages, furniture contract income and like hair cutting saloon etc., can go to section 44AD (ITR 4), Previously had filed ITR 3 with books of accounts.
Please guide

Suppose on sale of equity shares in F.Y 2024-25
Short Term Profit-Rs 2000
Long Term Profit-Rs 15000
As there is exemption limit of upto Rs 125000 under LTCG, Is it neccessary to mention amount of capital gain in ITR as there will be no tax payable