Julie
This Query has 2 replies

This Query has 2 replies

what is the process for getting back the 20% pre-deposit paid during for stay application. Appeal has been ruled in favor and allowed. Order giving appeal effect has been passed by the AO. Grievance sent to AO but pre-deposit still not received.
Thanks!


MAKARAND DAMLE
This Query has 1 replies

This Query has 1 replies

Receiving letters to file above return
Is it mandatory to file ?


RAJEEV KUMAR MEHTA
This Query has 2 replies

This Query has 2 replies

Sir,

Bank account for refund is nominated. However whilst filling itr2 it still asks for nominating bank account for refund. Please advise how to fix otm

Thanks & Regards


prasad Nilugal
This Query has 2 replies

This Query has 2 replies

Gift from relative is Exempt from tax under section 56(2)of the income tax act 1961 , however in ITR 1 , there is no such provision or drop down list in schedule exemption to show gift amount . where to report in Itr1

Note- ( No other income only Interest and exempt income therefore ITR1)



Suraj
This Query has 2 replies

This Query has 2 replies

14 June 2026 at 07:11

Liable to deduct tds and 44ADA

Dear Sir / Madam,

My query is as follows:.
A lawyer having gross bank receipts of 58 lakhs opting for 44ADA for FY 2025-26.
Will he be liable to deduct TDS from FY 2026-27 as he has crossed 50 lakh limit, though not going for Tax audit in FY 2025-26??

Kindly revert.
Regards,
Suraj


Rahul Khadawala
This Query has 2 replies

This Query has 2 replies

I am in process of buying a property where the source of funds will be my equity shares, funding from parents and home loan.
My parents would be selling their equity shares for this. However from what little I understand that they can alternatively gift those equity shares and then I can sell them from my demat account and use those funds to buy the property. With this route I wanted to understand what are the tax implications, will I be able to claim deductions under section 54f (or equivalent under latest tax laws)?
Appreciate your comments please.


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

09 June 2026 at 13:03

PRESUMTIVE TAXATION SCHEME

What are the minimum books, records, and balance sheet particulars that should be Mandatorily Disclosed by a presumptive taxation assessee ( ITR 4 )for compliance purposes for AY 2026-27 .


Anoop Agarwal
This Query has 2 replies

This Query has 2 replies

Dear Members,
I am a salaried person 50 years of age. I want to give loan to my major daughter and son without charging any interest, The term of repayment will be 'on Demand'. Can I do it without attracting income tax authority concerns.

What I need to do for the same. I will transfer the money through banking channels (Net Banking). Any deed i shall make? if yes how much amount of stamp paper to be used for the same and any format. Is there any concern to me if they invest and earn money out of that money like clubbing etc.


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

To check if a property qualifies as exempt rural agricultural land under Section 2(14), how do we measure the 2/6/8 km distance? If the land is located near a Municipal Corporation, a Gram Panchayat, and a local authority like JADA, which boundary's population criteria determines the tax exemption?


Kalpesh
This Query has 1 replies

This Query has 1 replies

07 June 2026 at 20:32

How to reply to Outstanding Demand

I had filed my ITR on 13-9-25. One of my deductors had deducted Tds of 55000, but not paid to the Government. I had deducted this Tds amount from the tax liability amount in my return and the final amount was 29000 Tax Refund.
On 10-1-26, I received a Demand Order for the difference amount alongwith interest.
Afterwards my deductor paid the Tds amount with interest and filed the Tds return on 5-3-26.
This is reflecting in 26 AS, but in my IT portal, the Demand is still showing under Pending Actions.
Please guide me as I have to avail the Refund of 29,000.






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