I had capital gain when I sold my flat in Aug 2021. I had opened capital gains account in July 2022 and deposited the capital gain ( after considering indexation which was valid that time). However I couldn't utilise this amount in last 3 years to purchase or construct new house. Consequently I need to now show this amount as Deemed capital gain.
In section CG, sub section 10 of ITR 2 when enter "No" against the question " Whether date of limitation/ withdrawal was before 23rd July 2024" system calculated tax at the rate of 12.5% which does not seem correct.
Am I missing anything here. Or since I sold property in Aug 2021, I have to select "Yes" against this question. In that case system calculated LTCG at 20%

Dear Sir/Madam,

I have one doubt about deduction taken under section 80C.
from this year onwards it's compulsory to show all details for section 80C.
so question is that when we enter the life insurance policy premium payment details then we have to enter payment date also. Question arising now that if client has monthly premium payment mode then we have to do 12 separate entries for all payment or single entry to do?

Thanks and regards,

Pratik N Patel

I am filing my ITR 2 under New regime. In the section HP and question 1h, I am able to enter the interest on home loan. The property is let out and net income is positive ( not loss).But the system is not considering this while calculating net income. It's showing 0 even when I have updated interest on home loan.

short deduction/collection amount is rs 346325 and intrest is 13844

Hi Experts,

Please let me know the tax treatment under new regime for interest earned on savings account of my minor daughter of Rs 536. Is the same exempt like in the old regime until Rs 1500 or is the same taxable.
Also what is the difference between Section 10(32) and Section 64(1A).

Also can I claim exemption under Section 10(32) for Rs 536 for my only daughter interest income as mentioned above.

Regards,
Manik Chand

professional having receipts of 9.60 lakhs and net profit rs. 4.80 , which is exactly 50% margin.

which itr form has to go?

is 44ada required or not?

BOOKS ARE MAINTAINED PERFECTLY.

my view--> no need of 44ada noemL IRE3 WILL GO. AM I RIGHT?

If someone have received joining bonus in fy 24-25 and that person leave the job in same fy and then the employer takes back the joining bonus again in next fy that is fy25 -26
But joining bonus is mentioned in form 16 so my basic question is whether I have to take for taxable purpose or not in this fy 24 -25 computation or not plz ans

Mr X Is having Intraday loss of 30000 and Dividend income is 150000. Loss shown in P&L account where books of a/cs not required to maintain and dividend shown in schedule Other Sources.
While submitting return following error occured if you required to prepare /maintain Books of a/c and dividend income reported in P&L please ensure consistency of amt of dividend income reduced in Sch BP. and dividend income reported in Sch OS . Please ignore if not applicable.
Please provide solution.

I am a psu employee. I had undergone surgery in Fortis Hospital in the financial year 2024-25 at CGHS rates. The medical expense was reimbursed by my employer. Is this reimbursement taxable?

INDEXATION IS ALLOWED ON GOLD IF SOLD BEFORE BUDGET??? AND WHERE TO SHOW IN ITR-2