for FY 24-25. After deduction of TDS paid on my professional income, the balance STCG @ 20% payable is INR.2300/-. I have not paid any advance tax towards STCG as the total STCG is INR 5860/-. Will I face any penalty if I pay tax of INR 2300/-before 31st September/31st July? Income from other sources is INR 4.26 Lacs, and loss on LTCG is INR.3392

Dear experts,

For FY 24-25 , any gains arising from sale of Gold and silver ETF is subject to capital gains or as per slab rate?

for FY 25-26 it is as per slab rate however not clear about FY 24-25

Pls advice

Regards,

Hi,

My father is purchasing a property valued at over ₹50 lakhs, and as per the law, 1% TDS needs to be paid under Section 194-IA. However, we are facing a technical issue:

My father has been unemployed for over 10 years and does not have taxable income, so he has not filed any ITR.

While attempting to log in to the income tax portal to pay the TDS, we were prompted to link Aadhaar and PAN.

We paid the late fee for PAN-Aadhaar linking, but the linking failed due to a name mismatch—his PAN shows “*****shekar” while Aadhaar shows “*****sekhar.”

The online name correction in PAN was rejected, so we have now submitted the correction offline. This process is expected to take around 20 days.

Until then, we are unable to access the portal and complete the TDS filing/payment.


My question is: Is it possible to pay TDS through a CA or at any government-authorized center during this period? Can the authorized person file Form 26QB on my father's behalf?

Any advice or suggestions would be greatly appreciated.

Thank you.

Sir
In the Company SAP have been used for preparation of accounts.
The agency/dealer have supplied SAP software has charged around Rs.25000/- per month(Yearly Rs.3.00 Lakh or more) as annual maintenance charge wherein they include update charge of SAP . & modification charge .
please clarify is under which section TDS will be deducted, if possible with reason.
Whether Sec 195J or 194 I or 194C or some other section.
Regards
Abhijit

My father is under PSU sector. His annual Income is 36 Lakhs for PY 2024-25. He is having below perquisites:

Free Meal 48,955
Interest free loan 2,544
Income tax on monetary & non-monetary perquisites 17,619
Tax paid by employer on behalf of employee u/s 192(1A) 23,116.

Can he claim exemption on these above items u/s 10?

I was working in Non govt Ltd company . after 13 year of service I was resigned and received some Leave encasements. currently I am working with another Ltd company. is my leave enc is taxable under income tax or not?
Kindly suggest. is Gratuity also taxable in this case?

Indian person who is employee of foreign company working remotely in India.
He gets salary through foreign remittance and also he gets some amount for business travel in India in advance. So my question is:-
1. Amount received for travelling expenses within India is taxable or not? If yes then where to show this.
2.Is form ITR-1 is suitable to show this income?

Hello Members,
Query is regarding transfer of tds deducted on PAN of deceased for income generated post death (interest income etc)
Is there a way to claim this TDS credit by legal hire post return file till date of death?
As only one ITR (till the date of death) is allowed for the deceased, what would be the treatment of TDS deducted on PAN of deceased?

Thanks

An Govt employee retired from services. On Retirement he receives certain amount in the form of Retirement Gratuity, Group Insurance Scheme, Leave Encashment on Retirement.
How to show this in ITR for the AY 2025-26

A public charitable trust is formed for the object as EDUCATION. If any year income applied is short of 85% and trust file Form 10 for setting aside / accumulating the short fall amount and mention in the form 10 that amount is accumulated towards education , amninistrative and establishment expenses, and building repair expenses i.e. total revenue expenditure to be incurred in the next financial year for the charitable object i.e. education expenses. Whether this can be considered as accumulation for the sum specific purpose only ??? By the ITO in assessment proceedings or he can reject the same claim on the ground that it is not for specific purpose???