deepak
04 July 2025 at 14:36

ITR FORM AND SECTION RELATED

A client has purchased property for Rs. 1 crore only during financial year 2024-25 and not sold any property and his business turnover is Rs. 1 crore 85 lakh. Can we file IT return under SEC 44AD in ITR-4 FORM?


P.Madhivadhanan

A State Government employee receives Rs.30120 at the time of retirement. Is it taxable or exempt.


Vasudha
04 July 2025 at 12:04

IT Return - other income

Hi

My husband passed away during the previous financial year, and I received an amount from LIC as his nominee. Should this be declared as tax-exempt income in my income tax return?


DANISH
04 July 2025 at 11:43

Section 148 excess refund claim

Sir
Excess deduction claim in 80g, now section 148 notice received to file ITR, i substract my excess deduction from it, now there is no option of return the excess refund.
Please suggest how to calculate interest and tax amount of these years at the time of filing actual ITR


manohar boddeda

Last date for completion of scrutiny assessment of the assesse by the commission of income tax apples


SHYAM KRISHNAN K
04 July 2025 at 09:14

194 R, Income disclosure in ITR

When an amount is being reported on 26AS on account of 194R, whether it is compulsory to offer it for tax.


sundeep
03 July 2025 at 15:03

Capital gains-3.7.25

"The Central Government has recently issued a notification announcing the Cost Inflation Index (CII) for the financial year 2025-26. In the notification dated July 1, 2025, the government announced that the CII for the financial year 2025-26 is 376. The new CII of 376 will be applicable from April 1, 2026, and it will be applicable for Assessment Year 2026-27."
Can I apply this CII 376 for calculating indexation for FY25-26 for property sold in April 25 (bought in 2002) when I file my returns on 31st July'26 ?


Keyur
03 July 2025 at 14:12

Relief claim by NRI

Sir

How to claim relief on LTCG tax on sale of MF income fy 24-25?

He has to submit form 10F before filling his income tax return??

Which documents are required and upload while filling his tax return??

He has TRC for fy 24-25??

Please guide me.


P.Madhivadhanan
03 July 2025 at 12:47

Unearned leave

A teacher who retired from service in tamilnadu government got Rs.272263 at the time of retirement as UNEARNED LEAVE SALARY (UEL) . Whether it is taxable or exempt under section 10(10)AA (i). She is a state government employee.


Suresh S. Tejwani

If Mr. X sold his plots of Rs. 8lakhs in A.Y. 2025-26 and he purchase house of Rs. 10lakhs out of the net sale proceedings of this plots for claiming 54F exemption. Mr. X claim exemption under section 54F of remaining purchase amount of Rs. 2lakhs in next A.Y. 2026-27. So, what amount should be shown in the A.Y. 2025-26 under amount investment in new asset out of sale proceeds (i.e. 10lakhs or 8 lakhs) for claiming 54F exemption?





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