Dear Sir,
In FY 24-25 I had purchased some overnight mutual funds which I sold also after two months of purchase in March 25. But now in AIS, this same transactions have been reported by registrar, nsdl and mutual fund AMC as well.
For example, Axis overnight fund purchase is reported by Axis mutual fund + nsdl + Kfintech. Now probably nsdl reported since unknowingly I purchased mutual fund in demat form instead of physical form from ICICIDIRECT platform. Since same transactions have been reported by three agencies, these same mutual fund purchase transactions are getting added in TIS repeatedly and net purchase amount reflected has become tripled than the original purchase amount. For example if I've bought mutual fund worth 7,00,000/,TIS is displaying net purchase as 21,00,000/.

My question:
How to address this problem and rectify AIS ? Which available feedback option to use to get rid of increasing compliance and future scrutiny and notices from ITD ?

THANKS

Dear All,

My annual income for the previous FY was 7.10 lacs through Fixed deposit interest.

There is no other source of income. Bank has deducted TDS of 70,000( approx)

Am I still liable to pay any tax ?

Dear Sir / Madam,

Mrs. A executed an agreement to sell with a builder on 01/05/2014 to purchase a residential flat. On this date, the stamp duty was also paid. Afterwards, on 05/10/2019, Mrs A executed the sale deed with the builder, which was registered on stamp duty value of Rs. 100/-
Now she wants to sell this flat. For calculating the capital gain, which date, viz. date of agreement to sell (01/05/2014) or date of sale deed (05/10/2019) is to be considered?
Kindly guide.

Thanks & Regards,
Suraj

I am paying rent to NRI(around 75000 per month or 9 lakhs per annum). The amount is transferred to their Indian account

Do I need to fill form 15CA and Form 15CB?

I read Form 15CA is not required when you do not require RBI approval for remittance. For rent payment no RBI approval is required. Can I assume form 15CA and Form 15CB is not required?

Dear Experts,
I have not been working from August 2024 and I am yet to withdraw my EPF amount. Until July 2024 EPF contribution was done both by me and my employer.

My question is regarding Advance Tax for EPFO Interest for the FY 2025-2026:
- Do I have to pay advance tax (in FY2025-2026) for EPFO interest for FY2024-2025 which is yet to be credited (since it will be credited in November 2025) ?
- Since interest is calculated and paid by EPFO for the complete year FY2024-2025 and I was working until July 2024, I presume I have to pay tax only for the period from August 2024 to March 2025 ?
Any guidelines on how to calculate the tax on interest for the period August 2024 to March 2025 will help.

Sir,
My income breakdown for FY 24-25,
Savings interest 44,000/,
STCG 2,10,000/
LTCG from equity mutual fund 91,000/
Income from commissions 3,780/0(TDS deducted u/s 194H)
Intraday equity cash(non f&o) trading loss 247/,
Intraday trading turnover 500/

So Total income exceeds 2,50,000/ and I've loss of 247/ in intraday trading.
Since I've commissions income of 3,780/, I've to file ITR 3 and I can't opt for presumptive taxation u/s 44AD.

My question:
Are books of accounts and audit compulsory and inevitable for me or there is any way out ?
Thanks a lot

Respected Colleagues,
If Resident tenant pays rent to NRI landlord above 50k per month, then what are the compliances due under Income tax act from the tenant point of view like Form 15CA, Form 27Q (TDS) etc................Please guide

Hi

The assessee is the proposed non resident seller (NR) and accepted advance for sale of his property in FY 2023-24 & 2024-25. TDS was deducted and deposited to Govt by the resident buyer on applicable rates. Since the sale deed was not executed in FY 2023-24 & 2024-25, the NR has not claimed the same in his tax return and has deferred the said claim each time to next year.
Now, in FY 2025-26 the sale agreement has been cancelled. Pls advise-
1. Can TDS be reversed by the buyer and can buyer claim TDS refund?
2. In case the NR Seller claims TDS in his tax return, what problems can he face as he will not be able to show any income against such TDS claim.
Thank you in advance.

One of my client now received a salary of USD 1500/- from NAS company, UK. Previously, he was working in a Indian Company. Apart from salary in USD, he has interest income also accrued in India. How to file his ITR now ? As 26AS and AIS only shows his interest income accrued in India.

I am an Individual tax payer. I had received interest from my bank account on 1 April 2025, However the interest was till 31 March 2025. Should I consider this income for FY 24-25 or FY 25-26?