Hello, For trade unions there is a collection of 2 amounts one is membership which is collected one time in life and other is subscription fees which is collected every month. I want professional advice on the classification of the above incomes. Membership fees would be capitalized as corpus fund, but or subscription fees should we classify it under income from other sources and make it exempt as per 10(24)? There is no other income of trade union.

My father purchased Nippon india focussed equity fund on 28/03/2006 worth 30000. He expired in 2023 and being a legal heir as his son,those units were transmitted in my name in May 2024 which I redeemed fully in August and September of 2024 in staggered manner. What would be my tax implications as I've to file ITR for AY 25-26 ? The transactions is getting displayed in AIS. Help please.
Thanks

Dear Experts,

I had a commitment to receive Rs 15,00,000 as compensation for services rendered, which was later confirmed via email on 14-03-2024 and included in the draft balance sheet of the payer company (X). TDS of Rs.75,000 was deducted and deposited on 31-10-2024 under Section 194H. However, the net payment of Rs 14,25,000 has not yet been received.

I originally filed my ITR on 01-06-2024 and received a no-due intimation. Given that the IT portal has captured the Rs 15,00,000 in my account for FY 2023-24, I did not file a revised return by 31-12-2024.

My questions are:
If the payment is not received by 31-03-2025, what are the implications?
Can this income be deferred to FY 2024-25, given that I have not yet received the amount?
If I file a revised return during AY 2025-26 and pay the tax, but the payment is never received, can I claim a refund or adjust it in the next FY?
Are there any alternate approaches, such as claiming expenses under Section 44ADA or other provisions, to minimize tax liability?
I would appreciate expert guidance on the best course of action.

Sir,

I want to check how much money i have in my IT file . i want to purchase land, so want to make confirm is their sufficient amount in file.
For this which amount i have to check.
Please advice.

nri is having incomes in india and earning salaries in foreign and filing returns in america

If Assesses has forgot to claim TDS Refund in Return Whether assesses can apply for condonation of delay request as per new Circular no. 11/2024.

I have paid PTEC Challan for the F.Y.2017-18 on dated 05/02/2025 and same is verified. when i search in payment history it is not visible on mahagst.gov.in portal. what should i do?
and how can i get paid challan of PTEC?

If the Lease Rent of a Property is Rs. 600000 Lakhs for 3 years - Annually it is Rs. 200000. The Fair Rent in that area for such a property is Rs. 15000 pm - Annually it is Rs. 180000 then what is the Gross Annual Value in this Case ?

Once I submit electronically the TDS refund request Form 26B, using aadhaar auth, do I need to physically send the Form to AO as well?

A client wishes to settle dispute under vivaad se vishwaas scheme 2024. total amt payable under the scheme is 500000 and 400000 is already recovered by the department by bank attachment. In form 1 there is option to show taxes already but and it asks for BSR code and date and challan serial number.

In this case what to mention in BSR code and serial number since department has not issued any challan also in another case demand was adjusted against refund due so what to mention as BSR code and challan number and date of payment ??