Sir,
An assessee earning income in the nature of commission (on which tax is deducted under section 194D or section 194H) is generally required to maintain books of account and file the Income-tax Return accordingly.
However, in practice, returns are also being filed without preparing books of account in certain cases, particularly where the assessee also has income from salary, bank interest (including fixed deposit interest), or other non-business sources.

Kindly clarify:
Is there any provision under the Income-tax Act, 1961, or the Income-tax Rules that permits filing the return without maintaining books of account where the assessee has commission income along with salary and interest income?
Is there any monetary threshold of commission income up to which books of account are not required to be maintained?
If yes, kindly specify the relevant section, rule, CBDT circular, or notification governing the same.

can anyone share offline uttilty tool for tds return for foe tax year 2026-27

Builder has deducted TDS on rent paid on reallocation on account of redevelopment of building u/s 194IC as joint development agreement resulting in capital gains income.
However this is not capital gain and this rent is not taxable under income tax act.

My question is how to claim tds as prepaid tax and show this rent income as exempt u/s 10 because there is no specific sub clause u/s 10 to show this.

Hi,

I was a partner in a partnership firm and rendered my resignation on 31/03/2026. The firm has incurred business income in FY 25-26 but tax audit does not apply to it.
What will be due date for the firm and for me as an individual for ITR Filling FY 25-26?

Thanks

Hi,

i downloaded capital gain statement...in that therez one equity derivative and equity (STT paid) sheet...do i have to mention derivative amount anywhere in ITR??

One of My client is NRI and she just started working as an Insurance advisor.
So we have to file income tax return same as we file RI.
Same format Profit & loss and balance sheet.
can claim expenses ?
anything particular thing to make sure before filling.

Sir,

While filing correction statement for the Fy 2025-26 Qtr-4 getting below error please guide on this we have re-register the dsc and also tried to file even though we getting the error


Error: "Please sign using registered signature"

Dear Sir,
I have paid Rent of Rs.60000 & Rs.40000 to land lord. I deducted Rs.6000 tds on rent of Rs.60000 but TDS not deducted on Rsnt of Ra.40,000 FY 26-27.
Should I mention in TDS return Rent of Rs.40,000 with NIL tax or I shall mention only Rs.60000 with TDS Rs.6000

Hello Sir/Ma'am
Good Morning
It's very nice to see how this forum helps us to understand various sectors and services.
My daughter has been associated with a small firm for the last one year.
Her salary package is anyhow not in income tax net ie., not taxable.
Her employer also not deducted any TDS during last FY ie., 2025-26.
But, a small portion of FD interest is reflected in AIS / TIS as 'Income from other sources'
The 26AS is completely blank ie., with No figures.
Now, please advise me whether she needs to file ITR (1) (even a NIL return) in this scenario.
She hasn't filed any IT returns so far.
Thanks and look forward to hear from you.

Hi sir or madam.
I have my 63lakhs business receipts in ais more than my GST turnover 53 lakhs
Now which amount should I mention in ITR??
Kindly help