Respect Experts,

I am an individual deductor paying monthly residential house rent to an NRI landlord. TDS has been deposited on time under Section 393(2), Sl. No. 17 (Code 1057), corresponding to the earlier Section 195.

However, due to the transition from the Income-tax Act, 1961 to the Income-tax Act, 2025, and the introduction of the new Form 144 replacing Form 27Q, I inadvertently missed filing the Q1 TDS return for Tax Year 2026–27 (April–June 2026), which was due on 31 July 2026.

I would appreciate clarification on the following:

1. Is there any late-filing fee waiver, relaxation or extension for Q1 Form 144 due to the transition to the new Income-tax Act, 2025?

2. Has CBDT issued any notification, circular or transitional relief regarding late filing fees under Section 427 for Tax Year 2026–27?

3. Since the entire TDS was deposited within the prescribed deadlines and only the quarterly statement was missed, is there any provision to waive or avoid the ₹200-per-day late filing fee?

4. Can the Q1 return be filed now without paying the late filing fee, or could CPC(TDS) subsequently raise a demand?

5. If no specific waiver is available, are there any legitimate alternative remedies, procedural options or representations available to seek relief from the late filing fee?

I would sincerely appreciate expert suggestions, practical guidance and recommendations on how best to proceed in this situation while remaining fully compliant. Any experience with similar cases involving the transition to the new Income-tax Act would be particularly helpful.

Thank you in advance for your valuable guidance and time.

Best Regards.

While preparing and validating the TDS return in Form 144, I am encountering validation errors stating that certain mandatory fields are either missing or incorrectly populated, despite all the relevant details having been entered.

The error codes are T-FV-4340, T-FV-4341, T-FV-4342 and T-FV-4343, relating to the deductee's email ID, contact number, overseas address and Tax Identification Number. Interestingly, the error message says these fields must not be provided for the relevant nature of remittance.

I have checked the details and also contacted the Webtel support team, who informed me that the issue may be due to a utility error.

Has anyone else encountered the same issue while filing Form 144? If so, please share any workaround or resolution.

Your help would be greatly appreciated, especially considering the upcoming filing deadline of 31 October 2026.

My father has expired. He has bought mutual fund units at NAV of Rs 10. It's current NAV is Rs 30. I am nominee in his mutual fund folio. So it will be transferred in my name. If sell these mutual fund units after 2 months at NAV of Rs 31, how tax I shall have to pay?

Hi Sir / Madam,
My in-laws are selling their Delhi property and buying an under construction flat.
Details are:
1. Selling property is in the name of Husband n Wife
2. All payments were made by the main applicant only ie., Husband while acquiring the property.
3. Husband is a pensioner and files ITR regularly / yearly
4. The payments to the new / under construction property are to be paid in specified installments as per the completion of project.
5. Majority (70%) of payments to the builder will have to be made by March'27.
Now, the query is,
1. Is it required to show the transactions relating to Sale n Purchase in the next IT returns? ie., AY 2026-27, as balance portion (30%) will be paid to the builder, in the next FY.
2. How to manage the Capital gains which is balance? (as the major portion is consumed in the new property) Do they need to open any CG account separately for this amount?
3. The payments are being transferred to both the owners of the sale property.
I need your guidance.
Best Regards

A father and mother in india wants to gift each 500000 INR to their daughter who is an NRI and settled in USA. Each has fill seperate form 145 ( old form 15CA) to repatriate money to their daughter is enough to repatriate?

A Partner of firm introduced below 200000 in various days and totally introduced 1,45,00,000 during the year in his firm as partners capital . Is it attracts 269st to the firm.

We filed a return and claim of ₹50,000 for our client for A.Y. 2026-27. We have now received an intimation under Section 245, proposing to adjust this refund against an outstanding demand of ₹1,20,000 from previous years. There won't be any issue if the refund is adjusted for the client.Is it mandatory to file a response within 21 days?

Our company has decided to hire dashcam on rental basis from a it solution company which is specialised in providing solution related fleet services.

Apart from Hiring of dashcam ,realtime access of data caputered by Dashcam will be available,it will give alerts such as Driver is facing fatigue,overspeeding & other issue inshort it will facereading of driver behaviour

Now my question under which section TDS should be deducted for such type services?

Original ETDS return for 26Q4 FY 25-26 has been filed on 4th June 26. There is a delay of 4 days.
Subsequently one challan has been paid and need to revise etds return by adding this challan.
My question is whether Late Fees u/s 234E is payable in this case ?

Sir, we are engaged in a nursery business where we purchase plants, grow them, and sell them. Maintaining a detailed inventory or stock register for each plant is practically difficult. Therefore, we maintain only Plants Purchases and Plants Sales in Tally.

In such circumstances, could we face any issues during Income Tax scrutiny? Can the Income Tax Department reject our books of accounts and estimate our profits merely because we do not maintain a detailed stock register?

What minimum records should we maintain to comply with Income Tax provisions and avoid scrutiny-related issues? Kindly advise with reference to the relevant sections of the Income Tax Act and applicable judicial precedents.