BISWAJIT MAIKAP
This Query has 1 replies

This Query has 1 replies

iS audit mandatory in Income Tax , if commission income gross received 50,72,732/- for a DTH saler (commission based business, so he wants to show 80%-85% expencess ) ?


TARIQUE RIZVI
This Query has 1 replies

This Query has 1 replies

28 August 2026 at 15:07

EMI ISSUE IN HOUSING LOAN OLD REGIME

Respected Sir,

ITR FILING IN OLD REGIME
=====================
Professional Charges Receipt Rs 14,40,000
44-ADA income 50% Rs 7,20,000
Less Housing Loan Intt Rs 2,00,000
Less 80-C EMI Rs 1,50,000
====================================
TAXABLE INCOME RS 3,70,000
TAX LIABIITY RS NIL
=====================================
BANK has given us us duly authenticted repayment schedule wherein EMI and interest is very clearly visible. Howsoever some experts have advised us to file under new regime after filing form. Deductoin of EMI under secction 80-C in old regime may attract income tax notice which is an unwated headache.
WHAT TO DO SIR IN SUCH A CASE. PLEASE ADIVE ME AND OBLIGE DUE DATE BEING 31ST AUG 2026


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

27 August 2026 at 19:13

Sec 44ada applicable only or both

sir,
Assessee runs her Nursing home. She earns around Rs. 50 Lacs from OPD and Rs. 40 lacs from IPD i.e. deliveries and operations carried out at her nursing home. Can I opt for 44ADA for OPD receipts and 44AD for IPD reciepts?
Question: - Presumptive Income sec 44ada only or both applicable


TARIQUE RIZVI
This Query has 1 replies

This Query has 1 replies

27 August 2026 at 18:12

HOUSING LOAN ISSUE

RESPECTED SIR

THIS IS ALL ABOUT AY 2026-27 OLD REGIME
=============================

INTEREST ON HOUSNG LOAN SHALL BE DEDUCTED FROM THE HOUSE AND PROPERTY INCOME WHICH WILL REFLECT IN MINUS ( ALLOWABLE UPTO RS 2 LACS ) IN FY 2025-26

AND

EMI PAID SHALL BE CLAIMED UNDER SECTION 80-C ( IS THERE ANY LIMIT OF DEDUCTION OF EMI) IN FY 2025-26

AM I RIGHT SIR


MAKARAND DAMLE
This Query has 1 replies

This Query has 1 replies

27 August 2026 at 12:44

Portuguese Civil Code IT Return

Under Portuguese Civil Code Income needs to be apportioned between husband and spouse equally

My question is TDS deducted needs to be apportioned equally or each husband and wife will take credit of TDS as per their individual 26AS ?


Hanif Kadiwal
This Query has 1 replies

This Query has 1 replies

My cliets Agriculture land And sum Non Agriculture land aqire for Road Development and receve compulsory land acquisition compensation from authority including 12% interst amont,
so what treetment regarding Agriculture land , Non Agiculture land, And Interst


TARIQUE RIZVI
This Query has 2 replies

This Query has 2 replies

25 August 2026 at 17:08

OLD REGIM AND NEW REGIM

RESPECTED SIRS

MY QUERY IS AS FOLLOWS:

I was under the old tax regime in March 25 but in March 26 inadvertenlty without withdrawal from the old regime and without opring new regime I have filed my ITR in new regime. What to do in such a case.


niki
This Query has 1 replies

This Query has 1 replies


Hi All,

Recently someone advised me that while submitting letters / applications to Aayakar Seva Kendra (ASK) or tax counters, it has become a standard practice for leaving a clean top margin or blank space of about 2 to 2.5 inches on physical letters for ASK’s official endorsements, inward stickers, barcodes, or thermal acknowledgment stamps.

Is this correct? Are you all following this practice?
Is it mandatory or pragmatic?

Thanks
Niki


Chandra Kala
This Query has 1 replies

This Query has 1 replies

25 August 2026 at 12:52

FORM 10BB/10B REQUIRED OR NOT

OUR IS CHARITABLE TRUST REGISTERED UNDER TRUST. OUR DONATIONS IS 250000 AND EXPENSES ARE 240000 WE HAVE SURPLUS 10000. SHALL WE FILE AUDIT REPORT OF 10BB/10B FOR THE AY 2026-2027


mahi devta
This Query has 1 replies

This Query has 1 replies

I have sent itr to cpc and delivered in due date of ITR verify through speed post, india post but portal ITR status not updated. Today is due date verify of ITR. I have submitted greviance attach enclosure receipt of India post office (speed post)






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