Dear Sir/Madam,

if TDS deduction under 194Jb then this income show under other source of income or business/profession?
if under which business/profession then ITR-4 can file?
pls guide litter bit about this.

Thanks and regards,

Pratik N Patel

Hi,
Please suggest if the LTCG income from equity is added in Total Income post considering applicable exemption of Rs 1 Lacs or before considering this exemption. Any example supporting the response will be helpful. Thanks a lot friends !

Sir,

I showed my total retiree's pension income under salary. 12 Errors, all same - "Please select nature of exempt allowances option from the drop down of B3 of schedule salary"

All the items under the exempt allowances field have zero value. I tried checking the box 'Any other' with zero value and confirming but on Verification the errors continue.

Please suggest how I could overcome this.

Thanks
Prabhakar

R/sir

Supplier taken TDS against foreign trip for target achivement. and exps incurred by supplier on forign vist and they have debited Rs. 8000/- to our A/c on A/c of TDS 194-R on Rs 80000/-.what should be correct entry in books:
Capital a/c Dr and Cr to Incentive A/c by Rs. 80000/-
or Traveling Exps DR and Cr to Incentive A/C by Rs. 80000/-
or No need this entry in Books
tahnks to all experts for their prompet reply in advance

While preparing my ITR-3 online for AY 2025-26 on the Income-tax e-filing portal, I notice the following issue in Part A – General Information:

I have already filed Form 10IEA (Ack No. 453xxxxxxx, Date 26-Jul-2025) to opt out of the new tax regime under section 115BAC(6).

The portal pre-populates these details, but the field “Do you wish to continue to opt out of New Tax Regime for current assessment year?” is ticked No.

On switching it to Yes, the acknowledgement number and date fields turn blank and field become grey non-editable.

In last AY 24-25, I Opted out New regime through filing form 10AEI. Portal pick up details acknowledgement and date automatically of Last FY 24-25 with ticked "Yes" but in Current FY 25-26 with ticked "No". It's preventing me filing ITR under Old Regime. When I continue it with blank field, and file the form, at the time of submission after verifying return by putting OTP, it throws error that you have opted out new regime by filing 10AEI, please provide acknowledgement no and date in relevant field. Any Solution????

A house is in mother's name. The income from house property is received by her daughter. A Joint home loan was taken by Mom and daughter in which the daughter is the guarantee and she pays the entire loan amount along with interest. Can the daughter claim the income from the let out property and claim the entire interest amount as deduction u/s 24 (b) under new tax regime or old tax regime

Two persons took a 100 bigha land on lease jointly for growing and selling green tea leaves in Arunachal Pradesh. The lease rent is fixed at Rs. 14.00 lacs (7.00 lac payable by each persons). Their annual turn over is below 1.00 crore. Whether they are liable to deduct ITDS on lease rent ?

Public Charitable TRUST registered u/s12AA is allowed to accumulate surplus amount not exceeding 15%. If this amount by mistake is not claimed in the return even tough amount of income applied, surplus amount set aside u/s 11(2) etc. is claimed. Then A.O. is supposed to allowe this 15% amount atomatically while completing the assessment & determining the assessable income

Respected Sir/ Madam

I am Filing Return u/s 44ADA For Homeopathy Practitioner , there is also income of Short term Capital gain
income is near to 4,00,000 Business Income and 10,000 Capital gain income

from last 2 year itr filled u/s 44ADA (ITR 4 ) and no any other income and income is near to 4 lakh

My question is for A.Y. 2025-26 income is business income and STCG income, So ITR 3 will be filled

for ITR 3 there is one option of Are you liable to maintain accounts as per section 44AA?

44ADA Said there is no books of account Maintained if atleast 50% income declared ( i declared 55% income )

and 44AA said The specified professionals are required to Maintain Books of account

i am Confused that 44AA specified professionals and 44ADA specified professionals are same

so while Fiiling ITR 3 and Declared income U/s 44ADA what option should be select for Books of account Maintained ? Yes or No ?

Sir.
While preparing income tax return, it found that there is wrong fixed deposit(2.93 cr+.60cr) fund found in TIS report.
We discussed with Bank about it . They give actual fixed deposit statements .
How to remove this wrong fixed deposit in our income tax report.
Please advise.
Binu