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Viral
This Query has 1 replies

This Query has 1 replies

05 May 2026 at 14:35

TDS SHORN RETURN PERIOD.

Dear Sir,
I am issued PO in month of March-26 to Fabrication Contractor & paid half Advance payment to the party.
I am deducting the TDS on PO Amount & paid the same in month of march-26.
Actual Bill received in month of May-26. In which month I am submit the TDS Details in Return.

Kindly Advice.


Rajkumar Gutti
This Query has 2 replies

This Query has 2 replies

04 May 2026 at 22:19

Private placement service

Our comp recruited one manager. For this purpose company taken service from private placement agency.
My question -
As per Income tax act 2025, is tds applicable, if yes, which section, and what rate.


Rajkumar Gutti
This Query has 1 replies

This Query has 1 replies

Online market survey ( digital goods ) subscription sac code 997331. The said services, digital goods, ( online import export market survey software ) party resale to us as it is purchased from original party.
The subscription is for one year. Is tds applicable, if yes, which sec. & what rate.


Rajesh Topiwala
This Query has 1 replies

This Query has 1 replies

am i able to get section 54F in income tax, if i am having two houses of 50% in total on sales of commercial property on the date of sales ?one property of 50% ownership and second co ownership flat in inheritance but on paper it is not transferred to me. first holder who has contributed expired.


Mohanraj J
This Query has 2 replies

This Query has 2 replies

02 May 2026 at 19:53

TDS u/s 92B payable by Employee

Dear Income Tax Experts
One of my colleague is requesting to the management for non deduction of TDS for his salary. But, he is willing to pay tds by self and submitting the challan to the employer.

Is there any provision available for this?


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

IF I AM CONTRACTOR AND THE COMPANY IS DEDUCTING TDS UNDER SECTION 194C OF RS 36000. OUT OF WHICH 19000 IS FOR SUB CONTRACT EXPENSE (TURNOVER 1900000) AND REST 17000 IS FOR SITE EXPENSE (TOTAL SITE EXP 1700000). WHETHER I AM LIABLE FOR GST REGISTRATION?


Mahabir Prasad Agarwal
This Query has 2 replies

This Query has 2 replies

Whether online filing of ITR for AY 2026-27 commenced ?


Vikas Sharma
This Query has 1 replies

This Query has 1 replies

05 May 2026 at 13:32

Clubbing of Income Between Spouse

If I transfer some funds to my spouse, and if the spouse invests it in some way, then the return is still taxable in my hands. However, I have been told that if that fund changes the shape and form twice, then after that clubbing would not apply. Can someone confirm if this is correct and which section of Income Tax Act supports this?

And also in what way can this be executed - for example if using the demat account, buying and selling publicly listed shares twice within few days can achieve this? Or does it need to be more complex, for example buying something physical like gold, then silver and then bringing it back in cash form?

I am looking to do this to distribute funds equally between me and spouse with a goal to get maximum benefit of tax free allowances for an individual.


Deepika Badlaney
This Query has 2 replies

This Query has 2 replies

01 May 2026 at 19:29

Updated Return filing FY 2023-24

Hi,
I have filed Original Return for FY 2023-24 under ITR-1 Old Regime. Can I file Updated Return for FY 2023-24 under ITR-2 Old Regime as I need to declare Foreign Assets?


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
New income tax act 2025 form 25 applicable for professional all or small tax payers f.y.25-26 compulsory or not






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