Instead of sale, if I switch my units to other category, will I have to pay the LTCG on the difference ?

Sir,
During the FY 2025-26 i have share short term loss Rs. -693 and long term profit Rs. 5889/-. i have shown respective schedule value but in the column Receipt column negative value for short term loss not taken then where to show it. how is rectify because if i shown only short term loss but it must tally with report.

Please guide me.

Thanks & Regards
Sanjay

Here is an individual assessee senior citizen aged 89 y.o. He has received Pension arrears of Rs.291125 pertaining to F.Y 2013-14.

As you can see in the merged image below of "10E FORM" a TDS of Rs.17018 [as shown in 26AS] was deducted on FD's Interest income in F.Y. 2013-14. [image link provided below]

He didn't filed ITR for A.Y. 2014-15, as a result such TDS amount is with IT Dept.

In form 10E :-

2) Total income of the previous year is = 170180

3) Arrears received 291125

4) [Previous year 2)+ arrear 3)] = 461305

5) Tax on Total income of previous year (2) = Rs. 0

⁉️Now the question is for column no. (6)

🤖The system is calculating tax as Rs. 19,704

🧠But if we take TDS in account 17,018 and subtract it by 19,704 tax is reduced to Rs.2686.

Out of these two options which one is correct & why do you think so ? Any reference with regards to particular section & rules which justify such reasoning & answer ? Kindly enlighten this case.

Case Photo link :-

https://jumpshare.com/share/58qe00hY7hAah0CSpN9K

i purched swiggy unlisted share at 50/- per share early 2015, after ipo today i sell at 249/- per share 500 shares.
tell me Capital gain.

Salary and pension received from Asian Development Act is exempt under UN Privileges and Immunities Act and till last year we used to show under OTHER EXEMPT INCOME. But for this year tax return they have removed the option of other exempt and we have to select section respective section 10.But I do not find specific section under 10.
My querry is how to show this exempt income in this year return?

Hi Experts,
I am currently in RNOR Status. I have been investing in Indian Growth Mutual Funds (No Income generated as of yet) from past 1 Year. The source of the investments are as below
1. My own Income
2. My In Laws FD Interest Income (FD were created as gift from us from foreign)
3. My Foreign savings

can you tell me best approach to report it ?
1. As I am in RNOR no need to report it as govt gives us time to transfer money
2. Create Gift Deed every year
3. Report in Schedule Exempt Income in ITR Filling

Appreciate your advice.

Thanks,

For issuing notice u/s 143(2) for AY 25-26 30th June, 2026 was the last date ?

i bought reliance in 3 lots, how to calculate long or short term as fifo may give more than 1 date right?

example - 3 bought reliance ,
then 2 sold,
then 6 bought reliance,
then 5 sold.

for this 5 sold, 2 fifo dates will come. 1st lot date and 2nd lot date.
then how to calculate period of holding?

my view--> take any date in fifo to calculate period of holding (long or short term).

As I am trying to generate revised Form 16A, the IT portal is showing correction return (Form 27Q) filed till 27th May. But I filed latest correction statement on 20 June and TRACES portal shows the status as processed without defaults.
Query: Is it normal for processing time to be this long (last TDS return was revised on 20 June) on income Tax portal.
I need it because it will have Provisional Receipt Number that is required to be mentioned for generating revised Form 16A.

Hello sir ,
Want to check if any one have salary income less than 10 L per annum and having capital gain less than 1 L . Not having any major income like house property. She also received gift for mutual fund from her spouce but that mutual fund yet not sold so Clubbing not applicable to her spouce.

Can he/she should filled ITR1 rather than ITR2 ?