This Query has 2 replies
My husband passed away in December 2024. As his spouse, I will be acting as his legal representative to file his Income Tax Return for the financial year 2024–25, based on the income he earned up to the date of his passing.
As nominees, my son, my in-laws, and I have received certain amounts from the bank, insurance policies, and other sources. I would like to understand:
Are we required to report these receipts in our respective Income Tax Returns?
If yes, could you please clarify the applicable section under which this income should be declared?
Are we required to submit any supporting documents for these receipts?
This Query has 4 replies
Can I avail sec 54EC (investment in bonds) for LTCG in two ancestral properties sold more than ten years apart?
amount for my share as beneficiary, not exceeding 50 lakhs in each case.
This Query has 4 replies
Dear Sir
There are some assessee who have income through Labour charges,like running guarages, furniture contract income and like hair cutting saloon etc., can go to section 44AD (ITR 4), Previously had filed ITR 3 with books of accounts.
Please guide
This Query has 1 replies
Suppose on sale of equity shares in F.Y 2024-25
Short Term Profit-Rs 2000
Long Term Profit-Rs 15000
As there is exemption limit of upto Rs 125000 under LTCG, Is it neccessary to mention amount of capital gain in ITR as there will be no tax payable
This Query has 4 replies
Hi Sir/Madam,
I am a freelance trainer and conduct online training to students in India and Abroad. Kindly clarify my below queries.
1. Which ITR is applicable for reporting training fees received from abroad. Also I have other incomes like Pension, Interest, Capital gains.
2. Should i fill schedule FA for training fees received from abroad
3. Is this training fees from abroad eligible for presumptive taxation benefits under section 44ADA
This Query has 1 replies
One of my new clients (Govt. Emoployee) has an old demand for AY 2012-13 showing up on the income tax portal under the Outstanding Demand tab. The demand is around Rs. 49,000 and interest has accumulated to about Rs. 53,000 total Rs. 1,02,000.
The issue is that in Form 26AS, the TDS entry for that year still shows Status of Booking: P (Provisional), so the credit hasn't been given.
We tried reaching out to his ex-employer from 2012 to revise their TDS return so that the status changes to F (Final) but they are not cooperating at all. There’s also nothing pending or visible in e-Proceedings.
Has anyone dealt with a similar issue? What’s the way forward when the deductor doesn’t respond or revise the TDS return? Would really appreciate any guidance or practical suggestions.
Thanks in advance!
This Query has 1 replies
Dear sir
My status for Income tax was Non resident for Asst Yr 24-25 and for asst year I am resident since I shifted back to India.
When I was non resident in For asst year 24-25 I received income tax refund of 1500 and accordingly TDS was deducted by CPC under sec 195.
Now current asst yr I am filing ITR-1. While filing TDS details, TDS schedule is showing following error message. “ The Income on which the TDS under this section has been deducted is payable to a non-resident. Returns for income of non-residents are required to be filed in ITR 2/3. Thus, kindly ensure that the return being filed in ITR 1 is not defective.”
Kindly guide what to do in this situation
This Query has 1 replies
During FY21–22 filing, the AIS portal reflected an fd purchase of ₹30 lakh, but my total income is 25,000 so I not filed ITR then I received to provide feedback for non filing of return,then I given feedback as income is less than basic exemption limit and 30 lakhs purchase of deposit is information is wrong i submitted as a feedback I had done multiple fd in a year for amount 3 lak in that year
However, in June 2025, I received an email stating that my feedback was rejected by the bank.
is there any problem please give your valuable suggestions sir
This Query has 3 replies
total consideration of property amount is Rs.11250000/-
stamp duty paid is 787500/-
kindly suggest what is to be filled in respective columns..
1. amount paid /credited currently {b} i have entered 11250000
2. total stamp duty of the property {c} i have entered 787500 Warning : Difference between Amount paid/credited currently (B) and Stamp Duty Value (C) is more than 20%.
3. amount on which TDS to be paid {d}
This Query has 2 replies
Annual Information Statement for the AY 25-26 is not downloading from the Income tax website. Has it not been updated so far or there any other problem? Kindly guide me how to download the AIS.
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ITR after the demise of an individual