Sir,
It is on record that Indian Post Office does not credit Annual Accrued Interest of RD. It pays only on maturity of RD along with Principle amount. It also does not deduct TDS But depositor shows approx accrued interest on his RD in his every annual ITRs to avoid heavy tax burden in the last year of RD Maturity. It causes mismatch in figure as reported in AIS in the maturity year of RD. Depositor gives feed back in maturity year with his yearly details of interest amount he had already reported in relevant previous years ITRs But when ITax Department gets confirmation of feedback from 'Source" i.e. Post Office , it reports that "feedback of depositor as incorrect "as it credits interest only at maturity. This specific problem occurs only in case of Post Office RDs Hence query:--

1. Whether Depositor Is correct by reporting regularly annual approx accrued interest in his every
early ITRs ?
2. What action lies on part of Depositor when Source Post Office returns feed back as " Incorrect Feed Back " ?
3 What ITax Department does on such feed back ultimately when figures of AIS and ITR does not match in such situation / Feed back . ?
4. What is correct way to treat accrued interest on Post Office RDs when they are following different way of Accounting i.e. Cash Basis where as depositor follows accrual basis of accounting for RDs interests every year. ?

Please help & guide Point wise .

Hello There,
on 9/7/26 I filed ITR 3 of an individual who is partner of a partnership firm
For Partner Salary interest (previously I showed only BP Schedule) but now I notice that in P/L credit Side two more line added (14)xi b & c.
example: suppose salary 200000/-
1st time I shown only in Bp schedule and its error in upload level (error was i have to shown in P/L)
then i show the amount in p/l and as well as bp schedule then I notice the amount became exact double.
MY QUESTION IS IF I SHOW PARTNER SALARY IN P/L IS IT NECESSARY TO SHOWN IN BP SCHEDULE(IF NECESSARY THEN WHAT IS THE TREATMENT FOR NOT SHOWING DOUBLE SALARY INCOME)

PLEASE HELP

Under the Income-tax Act, 2025 (effective from 1 April 2026), if the aggregate cash withdrawals from a bank account exceed ₹1 crore during the financial year, is the bank mandatorily required to deduct TDS under Section 393(3)?

Further, if the account holder has filed the Income-tax Return (ITR) and provides a copy of the filed ITR to the bank as proof of being an ITR filer, is the bank still required to deduct TDS, or can TDS be waived on that basis?

I have got several LIC Jeevan Akshay Policies under which I get Annuity from LIC. I Have been showing this under Income from Other Sources for past few years. This year the ITR 2 Form does not have a clear row for 'Others' under Schedule OS. Under Column 'e' which says 'Others', the nature is specified as 'Family Pension, Retirement Benefit u/s 89, etc., none of which fits the case. The last column says "Any sum received, including the amount allocated by way of bonus, at any time during a previous year, under a life insurance policy referred to in section 56(2)(xiii)" - I understand this section pertains only to LIC Maturity taxable from FY 2023. So, where to show the Annuity Income.

I also received a small amount as as sitting fees for having served as an Independent Expert in a Board Committee. Where can I show this income under Schedule OS. As this amount is nominal I thought its ok to use ITR 2, rather than going for the complex ITR 3. Is this OK.

I m filling Form 10BD but again and again getting the error :- "Each record should located on a separate line and it should contain 12 columns throughout the file.The original excel file should not contain any double quotes,empty lines,forward slash(\). I have prepared the form with all the details but dont understand why I such error, kindly guide on this , Regards in advance

A Non resident has one NRO account & two regular savings accounts in India. Can we mention 2 regular savings accounts in bank account details of ITR.

Hi all,
Can anyone please help me with this:
A minor has capital gain income which is clubbed & shown in his father's income as it's higher than his mother's income.
Is it necessary to register in income tax as authorised representative of minor for clubbing income?
Please note minor has no other income

I have Bank Account which is used by me for Transactions related to my Income from Business.

I also have other bank accounts which is used for transactions related to other heads on Income like Income from SaIary,CapitaI Gains , Interest Income etc

When I prepare Balance Sheet and P/L Account for filing ITR 3,whether I need to show bank balances of All Bank Accounts or I can show Bank Balance of only Business related Bank.

Income which is generated in other bank accounts will be shown in respective Income heads

Please guide

Sir,
Can we analyse a person's income from his bank statement.

I am a resident taxpayer filing my return under Section 44AD and have received interest of ₹356 from my NRE account. Kindly clarify whether this interest is exempt or taxable. If it is exempt, please specify the relevant section under the Income-tax Act under which the exemption is available; if taxable, please confirm whether it should be reported under the head "Income from Other Sources."