Sir, the above name suggests that it is e-appeals scheme,2023, hence, it would not fall under faceless appeals schme. Am I correct ? What is the monitory limit for JCIT Appels?

Hey There,
Every Year I utilized the deduction U/s 80JJAA of Income Tax Act under old regime . (In this year under regime I want to utilize the same but offline Utility dose not allow me to do that) . Where as I searched google that 80JJAA allowed in new regime. and my ca also filled form 10da with Tax audit but still i unable to do that.

Hello Sir/Madam,

I have a newly registered proprietorship Export business (Merchant Exporter). My estimated annual turnover is below 1 Cr. for FY2025-26.
I have some invoices of freight forwarder, Shipping lines and professionals to pay. I want to know whether I need to take a TAN number and deduct the TDS, is it mandatory for me or an option only.
Please guide me accordingly.
Thanks

HII!!!
assesse has capital gain of RS. 5.5 CR in mutual fund, sale consideration of RS. 18CR .
1. assessee has purchase house property of 11CR, by taking loan of RS. 8CR
2. assess has one residential property where she is residing.
assess has another residential property which is use by the partnership firm where assessee is the partner.
no other property other than above own by assessee.

can assess claim exemption under section 54F???

TDS of ₹70,000 has been deducted and deposited under Section 194-IA during the Financial Year 2024–25 (A.Y. 2025–26) against part payment received for sale of property. However, the sale deed has been executed in the subsequent Financial Year 2025–26 (A.Y. 2026–27).

Kindly clarify the correct treatment in the Income Tax Return — whether the TDS entry should be completely deleted from A.Y. 2025–26 and manually entered in A.Y. 2026–27, or whether it should be retained in A.Y. 2025–26 with NIL corresponding income and a note stating that the TDS credit of ₹70,000 is being carried forward to the next assessment year as per Rule 37BA(3) of the Income-tax Rules, 1962.

We’re in the business of Selling Machinery, such as ACE Backhoe Loader and other motorised machinery (HSN 84295900). Whether TCS under Section 206C(1F) would be applicable on such sales, considering these as motor vehicles?

one client is doing event management business and makng fabrication stall for clients. client have received business receipt of RS. 2,45,00,000 under 194C tds. and Rs. 10 lac received receipt under 194JB tds. all transaction of business done through online mode. CAN we show all receipt 2,45,00,000 and 10,00,000 in 44ad and file ITR-4?

“My crypto trading volume is very high (around $16,000 daily), but my actual income is only about $400 per month. I mainly trade to generate volume for earning airdrops. In this case, is it still mandatory to pay 1% TDS on every trade, or is paying 30% tax on actual profit sufficient? The TDS can go up to $4,800, which is impossible to pay.”

If payment made to foreign hotel then 15CA required to file or not??

Dear Experts,

The assessee who was a partner in a firm and having his own business filed his return 0n 30/08/2028 for AY 2018-19 declaring business loss and the same was processed by the department on 30.09.2018.
The assessee has filed his return for AY 2023-24 and claimed setoff of business loss against his income for that year. The return was processed u/s. 143(1) and later on CPC issued notice to rectify the order stating the setoff allowed during the year was erroneous as return for AY 2019-20 was filed beyond due date. ( Due to technical glitch in software utility of the Department, loss was shown against AY 2019-20 instead AY 2018-19 in the prefilled data). The assessee responded to the said notice but department has issued order u/s. 154 disallowing setoff of loss without mentioning whether the response was considered or not.
I have following questions:
1. Can the officer deny benefit of setting of business loss which was assessed u/s 143 (1) for AY 2018-19 in the AY 2023-24 without rectifying the intimation u/s. 143 (1) of the original order for AY 2018-19 irrespective of whether return was filed beyond time limit u/s. 139?
2. As AY 2018-19 is time barred for rectification u/s. 154, isn't the Officer erred in denying setoff in AY 2023-24, even if the original return was filed beyond time limit but assessed as one filed in time and loss allowed to carry forward?
3. Is it mandatory to file returns for subsequent years in time u/s 139 to claim set off of assessed loss in earlier year?
How to approach the department against the order passed u/s. 154 for AY 2023-24? can we simply move application u/s. 154 stating that the assessed loss can not be denied to be setoff even if the return for AY 2018-19 was not filed in time but processed as filed u/s. 139 and the same is time barred now for rectification?
Please guide.