No PGBP in FY25-26. OI is < 2 lakhs. LTCG is 9 lakhs after indexation. 20% tax on LTCG is 1.9 lacs. How much tax is applicable in FY25-26? I will be a senior citizen in August 2025. I did not pay any advance tax for LTCG. When to pay this tax during filing ITR or before March 15, 2026

If Mr. X has purchased plot from Mr. Y for claiming deduction u/s. 54F. and also Mr. X sale his residential house to Mr. Y’s daughter. Mr. X has received money from Mr. Y’s Daughter and pay to the Mr. Y against the purchase of the plot for claiming deduction u/s. 54F. Is it valid for claiming 54F deduction or is there any issues?

Total value of Property is 2,00,00,000 which is split into 50,00,000 each as there are 2 buyers and 2 sellers. In the field "Total Value of Consideration (Property Value)" I have entered 2,00,00,000 and in the field "Amount paid/credited currently (B)" I have entered 50,00,000. Now, in the field "Total stamp duty value of the property (C)", should I enter 1,00,00,000 or 50,00,000. There is a warning that asks us to enter proportionate share of SDV. If I put 1,00,00,000, an additional warning pops-up saying "Difference between Amount paid/credited currently (B) and Stamp Duty Value (C) is more than 20%.". If I put in 50,00,000 no such warning pops up. Which is correct?

for FY 24-25. After deduction of TDS paid on my professional income, the balance STCG @ 20% payable is INR.2300/-. I have not paid any advance tax towards STCG as the total STCG is INR 5860/-. Will I face any penalty if I pay tax of INR 2300/-before 31st September/31st July? Income from other sources is INR 4.26 Lacs, and loss on LTCG is INR.3392

Dear experts,

For FY 24-25 , any gains arising from sale of Gold and silver ETF is subject to capital gains or as per slab rate?

for FY 25-26 it is as per slab rate however not clear about FY 24-25

Pls advice

Regards,

Hi,

My father is purchasing a property valued at over ₹50 lakhs, and as per the law, 1% TDS needs to be paid under Section 194-IA. However, we are facing a technical issue:

My father has been unemployed for over 10 years and does not have taxable income, so he has not filed any ITR.

While attempting to log in to the income tax portal to pay the TDS, we were prompted to link Aadhaar and PAN.

We paid the late fee for PAN-Aadhaar linking, but the linking failed due to a name mismatch—his PAN shows “*****shekar” while Aadhaar shows “*****sekhar.”

The online name correction in PAN was rejected, so we have now submitted the correction offline. This process is expected to take around 20 days.

Until then, we are unable to access the portal and complete the TDS filing/payment.


My question is: Is it possible to pay TDS through a CA or at any government-authorized center during this period? Can the authorized person file Form 26QB on my father's behalf?

Any advice or suggestions would be greatly appreciated.

Thank you.

Sir
In the Company SAP have been used for preparation of accounts.
The agency/dealer have supplied SAP software has charged around Rs.25000/- per month(Yearly Rs.3.00 Lakh or more) as annual maintenance charge wherein they include update charge of SAP . & modification charge .
please clarify is under which section TDS will be deducted, if possible with reason.
Whether Sec 195J or 194 I or 194C or some other section.
Regards
Abhijit

My father is under PSU sector. His annual Income is 36 Lakhs for PY 2024-25. He is having below perquisites:

Free Meal 48,955
Interest free loan 2,544
Income tax on monetary & non-monetary perquisites 17,619
Tax paid by employer on behalf of employee u/s 192(1A) 23,116.

Can he claim exemption on these above items u/s 10?

I was working in Non govt Ltd company . after 13 year of service I was resigned and received some Leave encasements. currently I am working with another Ltd company. is my leave enc is taxable under income tax or not?
Kindly suggest. is Gratuity also taxable in this case?

Indian person who is employee of foreign company working remotely in India.
He gets salary through foreign remittance and also he gets some amount for business travel in India in advance. So my question is:-
1. Amount received for travelling expenses within India is taxable or not? If yes then where to show this.
2.Is form ITR-1 is suitable to show this income?