SIR MY QUARY I RECEIVED COMMISSION FROM INSURANCE RS.20 LACS CAN I PROFIT SHOWING 7 LACS OR NOT
If tax payer opt new tax regime in privious year and opt old tax regime through filing 10iea in current assesment year due to his deductions...
Can he opt new tax regime in next year?
Sir,
While filing ITR3 AY2025-26 & after Internal validation when tried to do upload validation then at this stage ( even with internal validation no error green status ) following error appears :
[#/ITR/ITR3/ScheduleEI/Othersinc:required key[NaturedfDescDivName] -Please contact developer of your utility with errorkey.
to resolve it Following measures are already taken
A} Browser Cleaning
B) Grouping putting exempted PPF Interest amount against Section 10(11) option instead of Other Amounts with description in Schedule EI
C) Removing Schedule EI altogether and after pause of two hrs again adding schedule EI with inputs as above
But the same error reappears and not doing upload validation complete
Now Query:
1.What is cause of it ?
2.Is ITR3 online filing is not working well??
3. How to resolve it ???
4 Are others also facing this problem ????
Here to note that filing of ITR1 and ITR2 worked well with no errors. Only ITR3 uploading error is appearing.
Pls help to resolve the issue w.e.t ITR3 AY2025-26
TDS u/s 194T is required to be deducted on remuneration ,profit and Interest wef from 1.4.2025, remuneration/interest/profit pretaining to 2024-25 credited on 31.3.2025 but paid in FY 2025-26,whether TDS required to be deducted ?
Hello
This year capital gain before 23 july and after we july is to shown seperately.
Short term loss is 2.25 Lakh .
Long term gain is 8.00 lakh
*Bifercarion of before and after and a quarter wise is available
Net gain after set off is 5.75 L .
My point is how to show quarter wise net gain of 5.75 Lakh as gain is before 22 july and loss is after 22 july and that to different quarters.
In schedule negative figure is not allowed.
Please give solution.
I incurred a loss of Rs. 297 in intraday. I have shown "nature of business" as 1. profession(engineering consultancy) and 2. trading in intraday. Do I have to fill up the balance sheet page of ITR3?
HI
Employer contribution to NPS
1. Whatever employer contribuited to Employee NPS is it Perquisiteis ? or only to the extent it exceeds 7,50,000 rupees in a year?
2. Deduction under section 80CCD(2) is lower of emplyer contributed to NPS or 14% of the salary ? or only 14% of salary ??
If Assessee is having 9 Trucks & Gross Receipt is more than 1.5 Crore. Can We file Return ITR-4 Under Section 44AE or Required Tax Audit ?
The assessee who is a non salaried senior citizen has filed ITR 3 in AY 2024-25 as there was a small F & O gain. Barring that there was capital gain and income from dividend and interest under new tax regime. This year he does not have any business income. Hence he has to file ITR 2 for income from Capital Gain and other sources like dividend and interest. His taxable income is around 350000 majorly due to Long Term Capital Gain. If he continue in new regime, he has to pay tax. But if he switches to old regime, there is no tax as he can claim interest income deduction of Rs. 50000/- u/s. 80TTA.
Question is can he claim rebate u/s. 87A for long term capital gain? If not, can he switch to old regime to save tax? If Yes, he has to file form 10-IEA?
If I have applied for multiple corrections in Form 26QC is it possible that it gets partially accepted/rejected? That is some of the changes get accepted while the rest don't after verification by the AO.
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INSURANCE COMMISSION 194D