Dear Experts, While filing the return of income for the AY:2024-25 Form 10IF was uploaded, by mistake and hence deduction u/s 80P(2)(a)(i) is not allowed. How to rectify the same and get the deduction.

Sir,
I was retired from govt service in 2023 and some fund received by me in form of PF, gratuity, commutation and leave in cashment. This FY I have gifted some money to my two sons which was transferred through RTGS and cheque in two banks. RTGS transfer and cheque amount transaction was below 10 lacs each time. My both son opened FD IN their two banks in 9.85 lacs in each bank.
So each son opened FD 9.85 lacs IN Bank of India and 9.85 lacs in punjab national bank.
I want to know whether notice from IT department may be received by my sons regarding opening this FD.
Money is gifted by father to their son which was received on superannuation (govt employee).

Sir,

A residential property was purchased in 2021 in the joint names of husband and wife. However, the entire payment for the property, including TDS, was made by the husband only. Accordingly, the property was recorded in the husband’s books of accounts as 100% ownership in his name.

Now, in 2025, the property has been sold, and the buyer has deducted TDS in the husband’s name only. The entire sale consideration has also been received in the husband’s bank account.

However, the transaction is reflected in the AIS of both the husband and wife due to joint ownership in the property registration documents.

Kindly advise — For feedback to be given in AIS ? and paper work to be done for any litigation in future

What is penalty for late filing of 10BB?

Dear Sir,
Is TDS liable to deduct
(1) on CFS charges for import, payment made to CHA and original bill is provided by CHA by CFS station company. If yes under 194C?
(2) on Fees Paid to CHA, under which section 194C or 194J?
(3) on shipping line charges, paid to CHA but original invoice is submitted by CHA whereas invoice is generated by freight forwarder.
(4) cha also provide his own company invoice charging for transportation charges from port to factory, container tracking and container loading & unloading .

Pls guide on above scenario listed serially one by one....

If net profit of company as per schedule VI is less then book profit as per 115JB then form 29B is required to file?

Dear members
I have a query and request you to clarify. Mr.A purchased silver on 22.09.2022. Cost is Rs.1670250. He sold the silver on 14.08.2025 for Rs.3360000. Please inform how to calculate capital gain

IF THE SALARY IS PAID IN CASH TO ONE PERSON OF MORE THAN 2 LAKH IN SINGLE FINANCIAL YEAR THN WHETHER SECTION 269ST SHALL BE APPLICABLE AND PENALTY U/S 271DA SHALL BE ATTRACTED?

Respected Colleagues,
A proprietor running restaurant business in himachal with labour and staff above 20 persons, till date no ESI and EPF compliances have been done (Registration also not done) , 70% payment in cash but below 10k and 30% online,
Now my ques is, Whether due to non compliance all the salary & wages disallow in tax audit report by auditor or auditor just mention about non compliance in TAR in order to safe guard own.

Please advice

Respected Colleagues,
If a person running business of restaurant and introducing old hotel building in business in FY 2024-25, now my question is, whether auditor comments in tax audit report about this capital addition or not?

Please guide