I have a short payment default of Rs 120 in TDS return and have already paid the differential challan . Now I want to tag/adjust this challan against the default on TRACES.

The new TRACES portal (under the Income-tax Act 2025) does not seem to have the challan correction/tagging option for this. And for FY 2026-27 onwards, this correction can no longer be done on the old TRACES portal either.

Has anyone faced this? What is the correct process now to adjust a new challan against a short payment default for FY 2026-27 on the new TRACES website? Any specific tab/menu I'm missing, or is this facility not yet live?

I am Bank Employee; Recently I have filled my ITR-1 for AY-2026-27. In My Form 16B, there are
1. Salary Income of Rs.20,62,400/-
2. Value of Perquisites Rs. 2,84,621/- and
3. Other Income -****(Interest on SB and Fds). The Total Value of Perquisite Rs. 2,84,621/- Includes as per Form 12BA (Nature of Perquisites)-Car/Other Automative, (37,430) News Paper, (5400) Entertainment, (7656) Misc Perks (15000) (All Total Rs.65486/-).
Remaining Value of Perquisite (2,19,135/_) include
1. Interest Free or Concessional Loans- Tax Borne by Employee-(Rs.29,701/-)
2. Interest Free or Concessional Loans- Tax Borne by Employer-(Rs.150,479/-).
3.Perquisite Tax along with Grossing Borne by Bank (Rs. 68656/-)
4. Details of Tax Paid -Tax Deducted from Salary Sec 192(1)-205381/-
Tax By Employer on behalf of Employee Sec 192(1A)-68664/-
Foot Notes 1. Tax- amount on Non-Monetary Perquisites i.e. housing & furniture (Accommodation) calculated on the basis of Average rate of tax is 18043.00 which is exempted under Section 10(10CC) of IT Act 1961. The same has been incorporated in Part B (Annexure) of Form-16 under sub head "Other Exemptions" of Sr No 2(f).
I have filled my return by Adding Value of Perquisite Rs.2,84,621/- in Salary Schedule. Some of my colleague claim exemption under sec 10CC for (Interest Free or Concessional Loans). I have query whether I can filled Revised Return to claim exemption under 10CC of which amt IFCL-(1,50,479/-+Value of Perquisite Tax along with grossing borne by Bank (Rs.68656/-) or Tax Paid on Non-Monetary Perquisite paid exempt under 10CC and shown in form 16B Other Exemption Rs. 18043/-. Please advise which of these Value of Perquisite I Can Claim Exemption under Sec 10.

one NRI get transferred own fund from his own Indian account to his foreign US Account, without any approval of Income Tax Department, but bankers made tds there on, is there any problem or controversy by doing this, kindly guide what to do now

res sir
Corrections or filings for 5-year-old 24Q and 26Q returns cannot be processed; please provide the CBDT/Income Tax resolution number and date regarding this matter, if known.

Hello, is it possible to get PAN from DIN

sir,
one income tax payer running a private hospital year income estimated rs:3 crores but some patients treatment in hospital after amount received from health care trust
example patients treatment bill amount rs:3 lacs for some expenses paid food and travelling etc value rs:50,000/- for month june-25 treatment amount form healthcare trust recieved rs: 3 lacs for the month of august-2026 tds deducted amount received date.Question:hospital above transactions show procedure in account books treatment and accounting entry passed procedure for income tax purposes and expenses paid and income transactions show procedure year 25-26 or 26-27 correct procedure

Hello all experts
Pl advise. I want to purchase a property from NRI. He is OCI card holder living in USA but he is not having PAN no and account in India. Is it possible. His mother is a holder of POA to sell. In whose account i shall transfer sale consideration amount. And how much TDS should I deduct after making payment.
Regards

My question is
Do we need collect tcs if we sell our old ginning machinery as scrap ??

If the tax demand has been fully paid, but the interest amount was not paid, can the refund arising in the subsequent financial year be adjusted against the outstanding interest liability, or will the refund be credited to the taxpayer's bank account?

I can see an entry given by HDFC bank, as SFT 005
it is like I open a 48 lakh TD and got back 68 lakh within same year,
how can hdfc give 20 lakh interest in one year, it is like hdfc started paying 20-30 % interest.
this entry looks huge and bizar, but there is no entry for my FnO turn over,
I am confused if it is some how linked with FnO turn over but reported incorrectly
I also confused because I keep doing FD and pre-mature liquidation but still such a huge interest is beyond my understanding