Hi,
I want to specifically file the Indian income tax return under UK-India DTAA. Unfortunately the Indian income tax portal is computing the tax as zero on income chargeable under DTAA. Form 10F was submitted earlier with TRC attached.
1) Are we supposed to be computing the tax and manually update in Schedule SI, Row 40 (Other source income chargeable under DTAA rates) ?
2) If we have to manually update, what is the correct process of computing the tax under UK-India DTAA? Say Dividend is 3 lakhs and Interest is 14 lakhs. Do we compute tax as (10% of Div 3 lakhs and 15% on Int 14 lakhs ?) OR use progressive slabs on total income of 17 lakhs with a cap on maximum tax rate 15% (till 4 lakhs zero, 5% on 4-8 lakhs, 10% on 8-12 lakhs, 15% on 12-16 lakhs, 15% capped on 20% tax rate (16-17 lakhs))
3) As per UK-India DTAA treaty, the tax on interest is 15%. Is cess of 4% payable on the 15% tax on interest?

Assessee sold flat for 1 cr which was jointly held with wife. Consideration was received Rs.50L each in both accounts. However the purchaser has shown tds payment of Rs.1L in Husband PAN and is reflected in his Form 26AS.
AIS of both shows sale of immoveable property at Rs.1 Cr each instead of Rs.50L each
My question is how to show capital gains in their individual return of income so that TDS is claimed in full and also there is no query from Income Tax Department

Hello Sir /Maam

EPFO credited interest.I put VPF above 2.5L as I find VPF a safe option inspite of tax component.

But credited interest it's not reflecting in 26AS/AIS

How to file tax and for which year to file tax
The Passbook neither mentions date of credit not the taxable interest .Just I see enhanced amount .When entries are not there in 26AS/AIS how to file?

I have a query regarding the reporting of Futures & Options (F&O) transactions in ITR-3 and the applicability of tax audit under Section 44AB.

The facts are as follows:

I am engaged in F&O trading.
The total traded value (purchase + sale contract value) exceeds ₹20 crore.
The absolute net profit from F&O transactions is ₹7,13,000.
I have filed / intend to file ITR-3.

My queries are:

Since the ₹20 crore represents only the total traded value and not the F&O turnover as per ICAI guidance, is a tax audit under Section 44AB applicable?
While filing ITR-3, should the purchase and sale figures represent the gross contract values, or should only the F&O turnover (computed as per ICAI guidance) be reported?
If the Trading Account schedule in ITR-3 contains fields for Sales and Purchases, what amounts should be entered for an F&O business?

Experts /Sir,

Like all EPFO subscribers, EPFO Interest for the FY2024-2025 was credited in July 2025 i.e. in FY2025-2026 (IT AY2026-2027).
EPFO has deducted TDS for the Interest paid. Looks like EPFO has either not remitted the TDS to IT Dept. or have credited it against some other PAN than mine.
Both the Interest paid and TDS deducted does not reflect in my AIS or Form 26AS.

I have raised EPFO grievance and also sent EPFO Commissioner an email, but there is no response.

The only proof I have is the EPF Passbook/Statement downloaded from EPF website which shows Intt. paid and TDS deducted.
While filing ITR for AY2026-2027, is there a way I can claim this TDS without the AIS/Form 26AS reflecting the Intt. paid and TDS deducted ?
Appreciate your expert advice.

Good morning Sir,

I have a query regarding Section 44AD.

Can interest income earned from a money lending business be treated as business income and offered under Section 44AD? Or should such interest income always be shown under the head "Income from Other Sources"?

Could you please clarify the correct legal position and any relevant provisions or judicial precedents on this issue?

Thank you, Sir.

Hi
When landowner sell his share of flat on or before the completion date when he should file income tax return and declare capital gain income?
Section of the proviso says when the capital gains shall be deemed to be the income of the previous year in which such transfer takes place.. what is which transfer refers to flats or land it decides the year of chargeability, can some one help me with this

Dear Experts,

The assessee has sold delisted shares bought 15-20 years back having negative book value in off market deal for 1500/- and shares transferred to buyer in Demat account incurring loss of 98000/-. These shares are not traded on the exchanges in last 5-10 years.
Does section 50CA applies to these transactions? If yes, how one can find FMV in absence of financial data for many years? Where it is to be shown in the schedule of Capital Gain?
Secondly, while filing return in form 3 for AY 2026-27 under new regime, the assessee has total income of 16 lac comparing of LTCG u/s 112A Rs. 7 lac and Normal income of Rs. 9 lac. The utility calculates tax on Normal income and Special rate income and allows 87A rebate on tax on normal income.
Is there technical glitch or it’s a correct position?
Your guidance will be highly appreciated.

Thanks

We have filed Income Tax Return for AY 24-25 against which Income Tax have raised demand after adjusting TDS on Salary. Please suggest the solution for this to avoid tax payment.

"On perusal of the Return of Income filed, you have exercised the option of "Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed. However, the Form 10IEA has not been filed under sub-section (1) of section 139 for furnishing the return of income. Hence, your return of income will be processed as per the provisions of section 115BAC (ie., under the new tax regime) and deductions/ exemptions and tax rates as per the said provision will be allowed."

For Financial Year 2025-2026, Form10BD is applicable and Not Form 113. Because Form 113 is applicable for Tax Year 2026-2027. Due date for Form10BD for Financial Year 2025-26 is 31-May-2026.

For Current Submission on 18-May-2026 and 19-May-2026,
Form10BD was uploaded successfully without any Error. However after 24 hours, Form10BE are not available for download. It is almost 2-3 days are over after Filing Form10BD. But Form10BE are not available on Portal.

In previous filing of 13-May-2026, Form10BD was uploaded successfully without any Error. However after checking Status after 4-5 days, I tried to download Form10BE and Following Error Displayed.

The CSV uploaded in Form 10BD submitted is not as per CSV instruction sheet due to which 10BE PDF’s can not be generated. You are hence requested to go through the instruction sheet carefully and file form 10BD again.
Note:
Headers of CSV file shall not be changed.
Date of issuance of URN shall be in DD/MMM/YYYY format. (For Eg: 29/Apr/2022)
Amount field shall be positive and contain numerics only. Do not use alphabets or characters like . Or ,
Pre acknowledgement no. field shall be left blank for FY 2021-22. Do not delete the column or enter zero,hyphen,NA etc.
No changes shall be made in converted CSV file. If needed then please edit the same excel file used before conversion and convert it again into .csv format and upload.


Can any Expert guide me for this situations?