Sir,
Whilst validating ITR 2 error appears and states....
"Please select an Nature of Exempt Allowances option from the drop down at B3. of Schedule Salary."

This is so even though Salary Schedule has not even been selected.

Kindly advise!

If unit linked insurance policy issued on or before 01/2/2021 and maturity amount is received then whether such amount is exempt under section 10(10D) ?

Sir
The Assessee trust got the provisional registeration U/s 12A from AY 2022-23 to 2024-25, for final registeration he will have file application in Form 10AB at least six months prior to expirary of the said period. In this case before 30.09.2024. The assessee filed the application in form 10AB on 25.02.2025. Now the proceedings U/s 12A(1)(ac)iii is going on. Now can he file condonation before CIT Exemptions.

Could you please explain the accounting treatment and tax computation for the sale of a fixed asset when there is no capital gain or loss?

a) What is Indexed Cost of Acquisition?
b) What is my Long Term Capital Gains?
c) How much should I invest in Capital Gains Account to Save Cap Gains Tax?
Thanks

Error description:
In schedule TDS 2 TDS section 194Q, 194C, 194R is selected, the income under which is not expected to be reported in ITR 2.
which ITR form to be filled the?

Sir,

Can you suggest me which ZiTR form application for following type of income in fy 2024-25.

> Contract income of Rs. 250000, Tds deducted u/s 194c
> Interest from saving bank account
> Interest on FD

Thanks,

Dear Sir/Madam,

I am URGENTLY writing to clarify a doubt/mistake regarding my previous ITRs filed.
So the case is that, I have been receiving a Pension of Rs. 36,315 since my Husband expired in 2017. The pension was actually bought by the ONGC (my Husband's former employer) through LIC. So, basically the pension is disbursed by the LIC, monthly. In 2017, a local C.A. filed the ITR and classified my Pension under the Family Pension Section (in Income from Other Sources) where I get a deduction of 1/3rd or Rs. 15,000. I recently read in a news article that the Pension received from an entity like LIC, SBI, etc. because of a Super-Annuity Policy is a Super Annuity Pension, and IS NOT a Family Pension. I also remember having a copy of the SuperAnnuity Policy sent to me by the LIC/ONGC.
So, is it correct that my previous ITRs are wrongly filed? Was the received Pension to be filled in the Salary Section with Rs. 50,000 or so Standard Deduction? If yes, is there a way I can appeal my previous ITRs and correct them? I also receive a pension of Rs. 1,300 from EPS-95.

Kindly clarify my doubts.

Thank You.

My cleint has constructed a shop used for business.
Int paid on loan nealry 20 lakhs
Can we capitalise that interest before and after construction??
Because if I show it as bus.exp, profit will zero
Then bank OD,loan purpose get difficult

Pls suggest

Is SEA GOING ALLOWANCE is in Exemption for Indian Armed forces defence personnel (INDIAN NAVY)??