CAN WE CLAIM DEDUCTION FOR INTEREST FROM SAVING BANK ACCOUNT UNDER NEW REGIME WHILE FILING IT RETURNS FOR AY 25-26

PLS CLARIFY
THANKA AND REGARDS
SURESH R

Dear all

i am doing management consultancy business and in financial i am claiming loss and also my turnover not cross tax audit threshold limit please suggest tax audit applicable or not.

my total consultancy receipt of Rs 1700000/-

Dear Expert,

For below income details what are the tax implication for this ?

1. Salary : 5 Lakhs
2. Income from Professional services : 5.5 Lakhs
3. Interest from Bank: 1.5 Lakhs

Gross Total income is 12 Lakhs (excluding Standard deduction)

In this case will I be eligible for 87A rebate as my GTI is not exceeding 12 Lakhs ?

Hi,
I salary income along with other sources income is below Rs 2,50,000.
i have received Rs 20.00 lakh as advance against land sale (this land was gifted by my mother to me) & i have kept this 20.00 lakh as FD in bank
should i disclose this 20.00 lakh in ITR ? if yes How
i am showing my interest income on this FD in ITR under income from other sources.

Hi Sir

we bought property in 2018 as joint owner me and my wife names agreement value was 55 lacs. that time we did not ask to pay TDS and we were not aware about it but now i got to know that >50 lacs we have to pay 1% TDS now its 2025 what should I do?

I am a NRI. Kindly guide, 1)for investing in India (stock, MF and others assets), which bank account I should use-NRE or NRO? what would be the tax implications in each case?
2) Can I use India based brokers (such as Zerodha etc.) to invest in foreign bonds/stocks/currency by using my Foreign bank account, or I need to use a foreign broker and foreign bank account for this purpose? What would be my Tax liability in India for such investments outside India?

I have some income from P2P lending platforms like IndiaP2P, Mobikwik Xtra, etc.

Also have some income from Bonds like Government Treasury Bills, Navi Finserv Limited bonds, UGRO Capital Limited bonds, etc.

How and where to show these income in ITR-3? (Please mention the schedule also.)

What's is the due date of Tax Audit for FY 2024-25

I have both LTCG and STCG from Debt Mutual Funds.

I am filing ITR-3. Please guide me how and where exactly I need to show these gains in the return?

EPF amount withdrawn : 8,50,000 TDS : 85000 and Years of service : 3.5 years
1) Should this amount be shown as income from other sources or Salary
2) If shown as salary then where to show and what should be name of employer
3) There is a separate line item in income from other sources for accumulated balance of Recognised PF taxable at special rates with breakup of income benefit and tax benefit. Is it to be shown in this heading.