Home loan interest 2 lakhs
New tax regime
Annual rent Rs 313000
Net income Rs 19000
Let out property
While Updating to employer but they are considering let out property as Second home loan what to do
1. While filing ITR whether it will rectified that I have only one property which is let out

In a Private Limited Company, the company pays a salary of ₹12,00,000 per year to one of its directors. What will be the TDS applicability on this salary for the Financial Year 2025–26 under the Income Tax Act, 1961? And whether any other limits or conditions are applicable for the company while paying salary to directors.

Sir / Madam, As per SEBI guidelines, the MF units can be transferred to own relations and even third parties. Does this trigger capital gains tax on me if I transfer to my son? Does this trigger capital gains tax if I transfer to third party? Hope this is the same case with the shares? Kindly advise.

Sir,

One person one pancard missed by mistakely another pancard applied, he got new number now he is having two pancards one is linked with aadharcard and other card previously filed incometax returns and in banks

How to previous card cancel , He wants to continue aadharlink pancard and same to be mentioned in Bank account

What is procedure to cancel one pancard not using

Thanking you,

No message

Sir,

Transactions in immovable property when seller is a resident normally attract Tax @1% if transaction value exceed Rs. 50 lakh. What was the cases if the seller was non resident. Whether exemption limit was applicable in case NRI and what was the rate of tax applicable. Normally TDS was remitted under 194IA using PAN of the Purchaser. How the transaction with NRI can be remitted whether using PAN or taking TAN seperately. who is required to take TAN whether purchaser or seller

The case is as explained below.
The Party has filed Original Return for Financial Year 23-24 and 24-25 and Later it has been came to the knowledge that the party is liable to income tax audit as the turnover exceeds the limit. So , After Filing of Original Return , and Submission of Income Tax Audit Report , Updated Return can be filed or not with the same Figure ??

Hi,

I have a query regarding the income tax implications on the transfer of a partnership stake.

For example, an LLP has three partners—two are individuals and one is a company. The company partner has purchased the stake of the remaining two individual partners.

Now, the two individual partners would like to understand the applicable income tax rate on the gain arising from the transfer of their partnership stake to the company partner within the LLP.

Additionally, they would like to know what the applicable tax rate would be if the stake is transferred to an external entity outside the LLP.

Kindly clarify the applicable tax treatment in both scenarios.

Thanks.

We are purchasing grocery for distributing poor people. The purchase is about 75 lacs. This grocery we debited to charity & donation account. The same expenses, we add back in profit. On this expenses we did not deduct tds u/s 194 Q.
Question-----
1) Even we add back 100% expense due to not business expenses, though still required again 30% expenses add back in profit.
2) If not deduction of tds any interest,/ penalty or any prosecution. What percentage int & penalty.

Sir,
While calculating relief of Section 89 in Table A / Form 10E can we calculate and claim relief as per New Tax Regime , when ITRs of past years were already filed in Old Regime.. Example when ITRs of Financial Years
2020-21,
2021-22,2022-23 were filed as per Old Regime in relevant assessment years. But salary arrears of those years are received in FY2025-26 ( AY2026-27) . Table A for past years for which arrears are received is to be completed. Portal gives system calculated as per new regime ( being default regime ) tax on Total Income (inclusive of arrears of each past year ). Against which option is either to accept system calculated tax amount OR input own tax calculated amount of each past years for which arrears are received. Now because of alternate tax regimes (Old or New ) the query arises.
1.Can we opt New Tax Regime for calculations of past relevant financial years , even when ITRs were already filed under Old Regime of relevant AYs.
2. Is there any restriction that relief of Past Years has to be calculated (and put in filed of Table A field ) as per same regime as was opted in ITRs filed for related Assessment Years ( against system calculated figures of default regime)
3.Can relief calculations be now made in more beneficial mode of calculations for past years as well
Please guideon above pointwise .