Respected Colleagues,
If Mother sold the residential property and same proceeds invested again in residential property but in the name of her children (Registry in the name of Children), then Is she eligible to claim Sec 54 Exemption in ITR?

Hello,

Today, I received Form-16 form previous employer. While leaving my previous employer I have to pay a total of Rs 9,58,734/= ( 3,00,000 (joining Bonus - paid in 2024) + 6,58,734 notice period recovery). In form-16 the recovered amount is not reflected.

Do I have to pay tax for 9,58,734/= also. Is there a provision in IT act to claim refund for the same?

Regards,
Akash

Hi! I am buying a property more than 50L so I have to pay TDS. I filled 26QB in which I selected installment(By mistake instead of selecting lumpsum) and also selected last installment : Yes. also mentioned total amount paid in previous installments. paid TDS on total amount (Challan generated for total amount) But now 16B generated and showing only last instalment amount and also in the sellers 26AS only last installment amount's 1% amount is showing as TDS credit. How can I rectify ?

For AY 2021-22
1) Notice u/s 148A(1) received on 28.03.2025.
2) Reply to above notice to be furnished by 11.04.2025. Reply submitted on 08.04.2025.
3) Order u/s 148A(3) received on 28.06.2025 saying fit case for 148.
4) Notice u/s 148 received on 28.06.2025

Whether the notice u/s 148 dtd 28.06.2025 is within time prescribed

I have made 4 FD amounting Rs. 41Lkh. on 04-06-2020.from my Joint SB a/c with Wife. FD issue in Joint Name.
However ITD shown in AIS SFT Information in my wife Pan No. as well as My Pan No. I have replied through Feedback option. in wife AIS as information related to my Pan No. and file ITR accordingly. Now I have received mail on 25-06-2025 from insight, feedback rejected by Sources(Bank) and show Gross amount paid to the Person Rs.131159/-not showing any details of what type of amount paid to person.
Please advise, How to reply this query Shall I modify Feedback , stating txn pertain to Other Pan/ Duplicate Txn.

Ramesh Lute

Fy 23-24 I filed itr with AIS feedback on accrued interest for past 8 years. But today I got message that information is incorrect as mentioned by Postmaster Chennai. I have already shown accrued interest on kvp and also paid tax on it. What should I do now

If purchased from unregistered dealer, purchase expenses are allowed in income tax?

A partnership firm sells their plant and machinery along with deposits available in their name. Please let me know capital gain tax applicable for the firm for the Financial year 2024-25 Please clarify

KINDLY let us know where we would get the word "description" in the ITR form, as well as what will answer against the error said word "description". Regards, Tarak Kumar Roy, Naihati, West Bengal

Do the following transactions have any issues? please advise

Mr. X, a small moneylender, proprietor, whose total loan disbursement is below 10 lakhs during the year, has one loan above 2 lakhs by cash. The loan account was settled in cash during the year, and no balances remained as of the date of the Balance Sheet. His total income is below Rs. 2 lakhs and not filing ITR.