An assessee's other sources of income is Rs.1487040. The sold a flat for Rs.4500000 on 24/12/2025 and it was purchased during the finanical year 2006-27 for Rs.1600000. The assessee is resident indian citizen. Indexed capital loss works out to 431148. Whereas without indexation Rs.2900000 is long term capital gain. With indexation there is a tax Savings of Rs.362500. I want to know what is the Total income to be taken whether Rs.4387040 or Rs. 1487040 (LTCL not to be set off against other income in our case). The assessee follows new tax regime and adopts indexed cost of acquisition for calculation long term capital gain.

Sir,

A client has started a nursery business on 6 acres of leased agricultural land. He purchases live plants ranging from 2 feet to 8 feet height from other nurseries. These plants are then maintained in the nursery for more than 6 months. During this period, labourers carry out watering, manuring/fertilizer application, pruning, cutting and other growth-related activities. The plants undergo substantial biological growth before being sold.

In these facts, whether the income from sale of such grown plants can be treated as Agricultural Income under Section 2(1A) of the Income-tax Act, 1961, or should it be assessed as Business Income?

If Assessee is having 9 Trucks & gross receipts is more than 2 crore.
can we file return ITR-4 under section 44AE or required tax audit??

Hi,

I have few queries regarding reporting of house property in ITR :

1. If I have 1 or 2 self occupied house property, where do i report them in ITR? (Considering net income for both as zero).

2. Is a commercial property also part of house property?

3. I have bought a residential plot for investment. Will it also form a part of house property?

Thanks in Advance.

Since the property was registered and transferred on 28 March 2026, but the buyer paid the balance amount and deposited TDS in May 2026 (Tax Year 2026-27), in which assessment year should I claim the TDS credit of 2 lakh ?

Can the TDS credit be claimed against the capital gains reported for the property sale dated 28 March 2026, or must it be claimed only in the tax year in which Form 132 reports the TDS?

TDS entry showing in Tax year 2026-27 not in 2025-26

Has anyone dealt with a similar Form 132 / Tax Year 2026-27 transition case under the new Income-tax Act, 2025? or anyone tried to change the assesment year after 7 days window close

HI,
WHILE SON GOING ABROAD TRANSFER ALL SHARES TO FATHER...IN DP ACOUNT OFFIVCIALY, BEFOR APP. 10 YRARS.
FATHER ENJOYED DIVIDENDS ETC...NOT SALE A SINGLE SHARE...HAVE FULL DATA.
WHETHER, FATHER CAN PAY CONSIDERING SENSEX, INCREASED,
EG. VALUE TRANSFER APP 1.0 LAC, TODAY 8,00 LAC ..
WHETHER FATHER HAS TO PAY ANY TAX ? OR SUN NRI, HAS TO PAY TAX ?
PL SUGGEST BEST/GUIDE .....

In AIS report of one of my client, many transactions and figures are shown under Sales Consideration and Cost of Acquisition columns. But, as per my client, no any unit or share was sold during the concerned year. How should I proceed sir ?

Dear Sir,
An Assesse who is in internship Doctor in AIIMS and his income is shown under section 192 in Form 26AS for A.Y. 2026-27 but he is telling it will be not be treated as Salary as his batch mates has shown it as Student in the ITR for A.Y. 2026-27. Please tell me how to show it so that the income will not be taxable.

Thanks,
Abhishek Roy Choudhury.

A NRI couple proposed to sale their property in india ( Both of them have equal share in such property) for Rs.6500000, to an indian couple resudent in india, the registration going to happen on 20-6-2026. The buyer wants to know the tds procedure i.e., in which TDS Challan amount to be paid whether in challan no 281 or ITNS 281N. in which TDS Return 27Q or 144 (Code 1057) is to be uploaded, applicable section 195 or 393(2) and Tds certificate in Form 16A or in Form 131 to be given. The above question arises because certail provisions applicable from 1/10/2026 on wards only. Guide me the procedure to be followed by buyer of property

what is the process for getting back the 20% pre-deposit paid during for stay application. Appeal has been ruled in favor and allowed. Order giving appeal effect has been passed by the AO. Grievance sent to AO but pre-deposit still not received.
Thanks!