Respected Sir,
I have Filled ITR 3 For A.Y. 2024-25 For Salaried Person
Declared income
Salary income after standard deduction 4,92,000 and Claim 90,000 F & O Loss
and one More other income i.e. small Business income of Rs. 2000 (10,000*20% u/s 44AD)
So Net Taxable Income For A.Y.2024-25 is Rs. 4,90,000 and 88000 loss of F& O carry Forward

My question is for A.Y. 2025-26

F & O loss is 1,50,000 so for claiming Loss audit is Mandotory or not because Prevoius year i have declared small business income u/s 44ad and also that income declared under 44ad is not related with F & O business

Respected Members,

I am trying to claim benefits under section 80U, and filed form 10IA.
However while submitting receiving following error -

Error: SCHEDULE80U_F10IA_2025_004 - Please ensure that correct acknowledgement number of Form 10-IA are entered in Schedule 80U for claiming deduction under the said section.


Any help would be greatly appreciated.

BEST REGARDS
Abhishek

SHOULD I ENTER MORE THAN ONE OPTION IF I HAVE GAINS FROM 1. PRIMARY-PROFESSION +2. TRADING IN STOCKS IN DELIVERY AND SPECULATION (STCG AND LTCL) IN ITR3 FOR "NATURE OF BUSINESS"

WHAT IS THIS SECTION 115JC

SCHEDULE AMTC - COMPUTATION OF TAX CREDIT UNDER SECTION 115JC
1 Tax under section 115JC in assessment year 2025-26 (1d of Part-B-TTI) 1 0
2 Tax under other provisions of the Act in assessment year 2025-26 (7 of Part-B-TTI) 2 19,914
3 Amount of tax against which credit is available [enter (2 – 1) if 2 is greater than 1,
otherwise enter 0] 3 19,914

HII!! TURNOVER LIMIT OF 2CR AND 3CR UNDER 44AD IS INCLUSIVE OF GST OR EXCLUSIVE OF GST??
HOW TO CALCULATE TURNOVER ??

Mr sharmila Sold a flat of Rs. 570667 as similar to SV on 09/01/2025 whereas it was bought before 01-04-2001 and as on 01-04-2001 the SV is 134230. There is no expenses on account of sale or purchase. Income from other sources is 203830.
Compute tax liability in details.

Hello Members,

In form 16 Company has provided exemptions us 10 for different heads like Professional Allowance / Car allowance/ Telephone Allowance. However they have not indicated any sub section u/s 10 but parked the amount as Other Exemptions us 10. Now while filing the ITR it is asking to provide the sub section for all of the allowance for which exemption is claimed.
I am not able to get any exemption like Professional Allowance neither for Car and Telephone allowance. Could you please help provide the sub section for the above.
If there is not such deductions applicable do we have to add these back into the income and pay tax on this amounts as company has shown that as exemption and hence no tax is deducted on these incomes.
Regards

my client served in india from 1st april 2024 to 15 sept 2024 and after that he joined in a company in tokyo on 23 sept 2024,what will be his residential status for ay 25-26

How to rectify error in ITR after 5 years has been lapsed from filling of return and processing of return as there is demand due to error and 4 years has been lapsed from CPC intimation, what is the solution for rectification after 4 years lapsed.

Sir,
I have successfully filed Form 10IA for claiming deduction under section 80DD towards the severe mental disability of my son for which acknowledgement number is generated.
While filling schedule for 80DD, it is not accepting the form 10IA acknowledgement number since schedule 80U without filling automatically takes the same acknowledgement number though schedule 80U is not confirmed by me.
Pl guide how to resolve this.