I have sold a property for which I have only Capital loss. If I report it in ITR U it doesn't allow filing. The reporting of loss is merely for informing the government the loss and not to receive the benefit of adjusting the loss for future gains. other than showing a small minor gain and filing the ITR is there any other option? Kindly advice. Thanks in advance.

Transporter charge freight 1000
Lifting charges , 500
Cross charges 500
Sub total 2000
SGST 180
CGST 180
Invoice total 2360
In above 1000 is transporter's own service.
And lifting charges & cross charges service is obtained by transporter from other parties. Lifting & cross charges service invoice is in the name of Transporter. The same expenses and gst component transporter recovered from us. There is no additions.
( reimbursement invoice is in transporter name, not our name)

My Question -
Is tds required to deduct on reimbursement expenses.

We purchased a house plot by taking a home loan in the financial year 2025–26 and are currently repaying the loan. How will this be treated under Income Tax? Will we get the benefit of the interest and EMI paid in Income Tax?”

Hello,

I have 2 daughters and want to open SSY for both of them. The yearly deposit limit is 1.5L per child. I have the following doubts:
1. The yearly limit of 1.5L is for both the daughters if only 1 parent is paying for their SSY's ?
2. Suppose, I pay for 1.5L for 1 daughter and similarly for the other, and i am the legal guardian for both, then does this 3L deposit violate the 1.5L yearly limit ?

Thanks in Advance.

Hello All,

Myself a Senior citizen and my wife age is 56 years.

we both have income only from Fixed Deposits, Mutual Fund dividends and Savings bank interest. Earlier years we were giving Form 15H and 15G for not deducting TDS.

Last year, since the total income for each of us comes around 5 — 6 lakhs, one deposit company said we are not eligible to submit Form 15G or H, so we did not give the forms and TDS was deducted and refund was Claimed in ITR

Now it is said that in the NEW IT rules, Tax will be ZERO for income uplo 12 Lakhs.

Can we File the new Form 121 this year because the Tax upto 12 Lakhs is zero OR we are still ineligible to give Form 121 as the Income for each of us is more than 5 lakhs.

please clarify

I am having indian agricultural income of rs 1000000 and business income of rs 1500000. what is the income tax in india for the year ending 31st March 2026? new regime

My query is as follows:

There are four sellers A, B, C, and D, and only one buyer, i.e., X.

The sale agreement was entered into on 11th September 2025. He filed Form 26QB and paid TDS on 18th February 2026. He paid the entire TDS in one challan only.

However, he showed the entire sales value of Rs. 1.80 crore and TDS of Rs 1.80 lakhs in the name of A only.

How can this Form 26QB be corrected?

Do we need to correct this form for Rs. 45 lakhs and then file three separate Form 26QB? Can we divide a single paid challan into the remaining three parties?

Please guide how it can be corrected?

Regards,
Suraj

Home loan interest 2 lakhs
New tax regime
Annual rent Rs 313000
Net income Rs 19000
Let out property
While Updating to employer but they are considering let out property as Second home loan what to do
1. While filing ITR whether it will rectified that I have only one property which is let out

In a Private Limited Company, the company pays a salary of ₹12,00,000 per year to one of its directors. What will be the TDS applicability on this salary for the Financial Year 2025–26 under the Income Tax Act, 1961? And whether any other limits or conditions are applicable for the company while paying salary to directors.

Sir / Madam, As per SEBI guidelines, the MF units can be transferred to own relations and even third parties. Does this trigger capital gains tax on me if I transfer to my son? Does this trigger capital gains tax if I transfer to third party? Hope this is the same case with the shares? Kindly advise.