anybody facing issue in calculating Capital gain with indexation where property is sold after budget. it was purchased in 2002. My ITR forms are calculating capital gain without indexation and @12.5% capital gain

After the last parent's death with only unregistered will and no legal heir certificate, how to file ITR for the parent. Will IT authoriser any one without the certificate?

All assests are left as it is except for dividend credits to deceased account.

None of the survivors are in any hurry to claim funds where they are joint holders or nominees.

Sir,

Please solve my below query
1 he earned a salary income under section 192 is Rs. 490000/- full time FY 2024-25
2. he also earned a Rs. 10000/- receipt of fees for professional or Technical services section 194 J and deducted TDS Rs. 1000/- FY 2024-25
3. he run medical clinic evening and earned Rs. 88000/- gross receipt during the year FY 2024-25

i am selected itr 4 and shown Rs. 88000/- gross receipt under ADA presumptive income and salary but where can i show is income of Rs. 10000/- ??

Please guide

What is the best way to form a religious society and get registered under income tax. Can any one share procedure to be followed and documents required. Forms to be filed for the purpose of registration under IT Act.

I am filing my income tax return (ITR 3) under section 44ADA and have not maintained any books of account. In my return, I have reported some dividend income in Schedule OS, but have made no adjustment for dividend income in Schedule BP, nor have I prepared Profit & Loss Account or Balance Sheet.

Despite this, I am seeing a Category of Defect B/D warning in the portal,

Error Description:
If you are required to prepare/maintain books of account and dividend income is reported in Profit & Loss Account, please ensure consistency between amount of dividend income reduced in Sch. BP and dividend income reported in Sch OS. Please ignore if not applicable.

Suggestions:
Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.

I am a salaried employee with no business income. I have a Loan Against Property, which is used to buy property in the name of my name and in my wife's name.

As my loan is a LAP and not a Home Loan that too in my name -
Q1. Can my wife add the Loan Interest to cost of acquisition for her under-construction flat cost.
Q2. Another flat is fully constructed and is in my name. This flat is not on rent and I do not live in this flat - Can I claim the interest under section 24b and or 80EEA or add this to cost of acquisition

I am open to receive any other suggestion to reduce my tax liabillity

Hi,
below is the salary of somebody...is there anyway we can save the tax and get the refund of wht company has deducted?
Salary Income
Basic Pay: ₹ 2,42,481
House Rent Allowance:₹ 1,21,242
LTA Allowance:₹ 30,000
Other Allowance:₹ 3,92,931
Total Salary: 7,86,654

Interest Income: 13092


80c: 150000
80TTA: 10000

TDS: 15,350/-

I had capital gain when I sold my flat in Aug 2021. I had opened capital gains account in July 2022 and deposited the capital gain ( after considering indexation which was valid that time). However I couldn't utilise this amount in last 3 years to purchase or construct new house. Consequently I need to now show this amount as Deemed capital gain.
In section CG, sub section 10 of ITR 2 when enter "No" against the question " Whether date of limitation/ withdrawal was before 23rd July 2024" system calculated tax at the rate of 12.5% which does not seem correct.
Am I missing anything here. Or since I sold property in Aug 2021, I have to select "Yes" against this question. In that case system calculated LTCG at 20%

Dear Sir/Madam,

I have one doubt about deduction taken under section 80C.
from this year onwards it's compulsory to show all details for section 80C.
so question is that when we enter the life insurance policy premium payment details then we have to enter payment date also. Question arising now that if client has monthly premium payment mode then we have to do 12 separate entries for all payment or single entry to do?

Thanks and regards,

Pratik N Patel

I am filing my ITR 2 under New regime. In the section HP and question 1h, I am able to enter the interest on home loan. The property is let out and net income is positive ( not loss).But the system is not considering this while calculating net income. It's showing 0 even when I have updated interest on home loan.