I have rec'd sms from the dept stating there is mismatch between itr filed and Data with the department asking me to file revised return or give feedback on the AIS - but there is no email though the sms says so. The income tax website also does not show any details . Can some one help. The itr filed is as per the AIS only . I already have received 143 1 intimation and the website says it as assessed
I am a citizen Of India . I came to Mumbai in dec 2024. I was living in Switzerland . I am now back in India for good . I applied tax 2024 - 25 as Nri itr2 . Then now for 2025-26 I will be applying as RNOR status . I have swiss pension in Switzerland which employment pension fund. I will be bringing this pension to India now in 2025- 26 . I will be receiving this money in my indian bank savings account . Will this swiss pension which I accumulated in Switzerland will be taxable once I receive it in my indian bank savings account thankyou
If turnover exceeds 10 CR in F&O , so it is mandatory to do audit, or else it is allowed to file return under section 44AD
Itr2...new regime..filed 11/8/25..with no demand no refund not processed till 12/12/25
Income details
Salary income...75000 standard deduction
No other deductions claimed
House property
30 percent standard deduction
No other loan int etc deductions claimed
Intrest income. On bank...FD...govt RBI long term bonds
No share market / VDA/ Foreign income
No carry forward loss
Income greater than 50 lakhs less than 1 cr...so itr2 ( AL not filled as limit raised to 1 cr from this yr)
Property purchase 1 percent tds done
AIS/ TIS / 26 AS matched
Feed back given on property purchase...double amt reflected in TIS....feedback....inf is duplicate shown somewhere else ...feedback given
Please suggest anything wrong from my side...for ITR not to get processed
A person received cash as refund of advance money say rs 1,00,000=00. Does he has to pay tax on it u/s 68, if he shows in his books. Reason of not paying tax is section 68 is applicable if A.O is not satisfied with reason with cash deposits. Also is concealment of income applicable?
A person received rs. 1,00.000=00 in cash as refund of advance money given for purchase of property, as purchase didn't happen. Should he offer rs. 1,00,000=oo u/s 68 , since he cannot get confirmation from person refunded money. the same cash has been deposited in bank.
Sir / Madam
We are a LLP registered in India, doing live events & shows in India & abroad. We are taking services for foreign companies for consultation for events to be done in foreign countries.
The service provider is a foreign LLC (Dubai Co), where consultancy service was provided for a project in Dubai & other countries (Excluding India) & the Dubai LLC does not have any PE in India as well.
So do we have to Deduct TDS on the remittance made for such services ?
If TDS is not to be deducted, then what documents are to be compiled to initiate the remittance ?
& If TDS to be deducted, then at what rate and what documents are required for the same. ?
My residential address in Form 26 AS was old address. I want to update the present residential addrfess in Form 26 AS. Please enlighten me as to how to update my residential address in Form 26 AS ?
Case study showing business receipts, cash deposits, miscellaneous payment, as in favour of assessee showing it is done in personal nature and with lack of knowledge and mere rotation of fund
Is it allowed to file return (when books of accounts not maintained ) without showing capital gain/loss which is showing in Tis and generating json under Itr 4
All Subjects Combo (Regular Batch) Jan & May 26
Sms from department