FORM 26QB IS TO BE FILED FROM 30 DAYS FROM THE END OF MONTH IN WHICH TDS IS LIABLE TO BE DEDUCTED THEN 26QB IS TO BE FILED FOR EACH PAYMENT OF INSTALMENT ?
AND IF WHOLE TDS IS PAID IN ONE TRANCHE AT THE TIME OF PURCHASE AGREEMENT THEN WHAT ARE THE CONSEQUENCES FOR NOT FILING 26QB FOR EACH PAYMENT ?

Hello!... Experts,

Some companies give Dividends thrice a year. For first one it was below Rs.5,000 so they don't deduct tax . Later On second n third they deduct tax for first one. In AIS gross amount goes under reported for first one, but TDS matches on the whole. So had partially disagreed in AIS feedback as gross Dividend was underreported by them and I mentioned the higher gross amount to update.
Co. is responding to department with respect to quarterly reporting , hence department is sending emails as source is disagreeing on insights platform of income tax.
Now, how n where do we reply / explain / clarify , give feedback for the same.

Thanks in advance.

Hello!... Experts,

Came across a below mentioned article.
Will it be also applicable to Senior Citizens.
Filing ITR-2 as short & long term capital gains are there. Usually paying the exact tax computed by their system on return filing to avoid delay in processing due to refund.

ITR Filing Deadline Extended
The Government of India has extended the deadline for filing ITRs for the assessment year 2025-26. Usually, the deadline for filing income tax returns is July 31, 2025; however, the deadline has now been extended to September 15, 2025. This deadline is only applicable to non-audit taxpayers (most salaried individuals and small business owners).

But any taxes that are due, such as final tax or self-assessment tax, must still be paid before July 31, 2025. Taxpayers making payments of these taxes after the due date may suffer consequences such as interest and penalty, even if the return is filed by September 15, 2025.

Read more at: https://studycafe.in/itr-filing-major-income-tax-changes-to-take-effect-from-july-1-384006.html


Thanks in advance.

Sir,

After the inorporation of new section 194T of income tax act 1961, I want to clarify TDS applicability in respect of the following transactions.

1. Interest on Capital Rs. 1,50,000 paid to Mr. A (Resident partner)
2. Interest on Capital of Rs. 2,25,000 paid to Mr. B (Non Resident Partner)
3. Interest on Loan of Rs. 3,05,000 paid to Mr. C (Resident Partner)
Here, which TDS sections was applicable. Need clarification whether 194T, 195 or 194A?

Our client is engaged services in exhibition stall fabrication. can we file ITR-4 return under SECTION 44AD. Client's turnover is 80 lakh.

if husband sold the residential property and same proceed invested again in residential property in the name of wife then he is eligible to claim deduction under section 54 ?

A widow having 2 married daughter and no son; can she form a HUF with her daughters and son-in-law?

Rent is due to Limited Company by Government Organisation. But rent is pending for the financial year even after ITR due date of the Company. The TDS which was deducted in the subsequent year for the rent pertaining to the earlier year. In such situation TDS is to be reflected in the year in which it was deducted or pertaining to earlier year for which rent of the year?

Whether company has to show in its accounts for the rent as rent receivable for the rent amount not received from the Government . In such case Company is liable to pay tax for non receipt of rent during the year. What will be the alternative?

Respected Colleagues,
If Mother sold the residential property and same proceeds invested again in residential property but in the name of her children (Registry in the name of Children), then Is she eligible to claim Sec 54 Exemption in ITR?