One of my friends, who is an NRI ( due to employment in Oman), deposited Rs. 3 Lakhs in the federal bank for 10 years on 11/03/2015. She became NRI from 2017 onwards. Bank started deduct TDS from accrued interest but didn't inform her. Now when FD matured, the bank paid her after deducting the entire TDS (Approx Rs. 1 Lakh) from the 2017-18 Assessment Year till 10/03/2025. Now they mailed her all ( 29 Nos.) Form 16A certificates, from Asst Year 2017-18 to Asst Year 2025-26. 29 forms together.

Kindly advise whether she can claim the entire TDS refund now.

Sir,
I've miniscule amount(Rs. 3750/) of brokerage and commission earned from a P2P lending platform and STCG from stocks in FY 24-25. Can I file ITR 2 and show this 3750/ in other income instead of ITR 3 for AY 25-26 to avoid complications of making balance sheet and books of accounts ? Can CBDT send me defective return notice for so much less amount ?
Thank you

Sir,
We have received Rs.298000/- from a single person by Cheque of HDFC bank. We have return Rs.300000/- to him by internet Banking now can we receive Rs.2000/- by Cash from

Sir,
FY 2023-24 bank deducted Rs, 20000/- Renewal CC Limit Charges. we can show under Profit & Loss account ( Bank Charges) Now FY 2024-25 March month bank reimbursement some amount Rs.14320/- how we can adjust in books of accounts. Can we create new ledger Reimbursement exp by bank under Indirect income or any other way
Please guide

I followed the below process for claiming TDS refund on cancelled property deal:
In case of refund of TDS for Form 26QB, the buyer/deductor has to log-in to TRACES portal as a ‘Taxpayer’.
Step 1: Log in to TRACES – Enter User Id, Password, PAN and captcha
Step 2: Navigate to Statements / Forms > Request for Refund.
Step 3: Read the Refund Checklist and click on Proceed
Step 4: Select one of the reasons and click on ‘Add Challan‘
Step 5: Mention the reason for raising the refund request in the space provided.
Step 6: Enter the challan details. Click on ‘View Challan Details’
Step 7: Click the Challan Consumption Details
Step 8: Tick the appropriate checkbox and click on ‘I Agree‘
On the landing page, One can Add Challan or Remove the Added Challan.
Step 9: Click on 'Proceed' to continue.
Step 10: Enter the Communication Address and Bank Address
Step 11: Verify the details of Authorised Person. Click on 'Proceed' to continue.
Step 12: On next page, Click on ‘Submit Refund Request‘
Step 13: Validate 26QB Refund Request with DSC. Click on 'Proceed' to continue.
Success message will be displayed on the screen. One can Preview and Print Form 26B Acknowledgment.

HOWEVER,
On entering challan details, when I click 'View Challan details', challan details are not displayed. Instead there is a remark in red "Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1." Please guide. Do I need to revise my 26QB first, If yes, what changes should be made in that

My query is , what will be implication of Income tax Payable by employee working in SEZ units ?, any exemption , under which Section of the Income tax act . ( I think section 10AA of the Income tax Act ) please guide .

Mr X purchased a residential house property at Rs 100000 in 1980. Mr X has two sons A and B. Mr X died in 2012 and on his demise, his Son B gifted his 50℅ share to his brother A in 2013. In 2013 the total value of the property as per gift deed was Rs 2400000. So A actually got Rs 1200000 worth of gift mentioned in gift deed. A sold the house at Rs 5000000 to a third party Z in January 2025. What is the capital gain tax Mr A will be paying as per Indian Income Tax Law

Respected sir.

I got a demand notice For FY 2019-20 u/s 144 on 12/03/2025 , i could not submitted all documents due to my medical issue , now can i file appeal u/s 250 if yes then 20 % deposit is mandatory for CIT appeal.

Pls guide.

I am receiving a loan of thirty lakh rupees, all in white through bank transaction, from family resources for buying a property. What documents shall be needed for income tax authorities in case a query is raised in future.

Sir i purchase capital good on the month of march 2023. but received itc on 3b in april 2023.
NOw in gstr 9 in table no 6 whether i have to segregate the ITC as capital good or not as i have received in april 2023.
or i will show in table 8 (c) column and not to be shown in table 6 in gstr 9.

Please advice.