Rajesh Topiwala
This Query has 1 replies

This Query has 1 replies

I am having indian agricultural income of rs 1000000 and business income of rs 1500000. what is the income tax in india for the year ending 31st March 2026? new regime


Suraj
This Query has 2 replies

This Query has 2 replies

13 March 2026 at 08:54

How to correct Form 26QB

My query is as follows:

There are four sellers A, B, C, and D, and only one buyer, i.e., X.

The sale agreement was entered into on 11th September 2025. He filed Form 26QB and paid TDS on 18th February 2026. He paid the entire TDS in one challan only.

However, he showed the entire sales value of Rs. 1.80 crore and TDS of Rs 1.80 lakhs in the name of A only.

How can this Form 26QB be corrected?

Do we need to correct this form for Rs. 45 lakhs and then file three separate Form 26QB? Can we divide a single paid challan into the remaining three parties?

Please guide how it can be corrected?

Regards,
Suraj


Rahul Singh
This Query has 1 replies

This Query has 1 replies

Home loan interest 2 lakhs
New tax regime
Annual rent Rs 313000
Net income Rs 19000
Let out property
While Updating to employer but they are considering let out property as Second home loan what to do
1. While filing ITR whether it will rectified that I have only one property which is let out


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

12 March 2026 at 18:26

TDS APPLICABILITIY

In a Private Limited Company, the company pays a salary of ₹12,00,000 per year to one of its directors. What will be the TDS applicability on this salary for the Financial Year 2025–26 under the Income Tax Act, 1961? And whether any other limits or conditions are applicable for the company while paying salary to directors.


Thelappillil Linson
This Query has 3 replies

This Query has 3 replies

12 March 2026 at 15:16

Transfer of MF

Sir / Madam, As per SEBI guidelines, the MF units can be transferred to own relations and even third parties. Does this trigger capital gains tax on me if I transfer to my son? Does this trigger capital gains tax if I transfer to third party? Hope this is the same case with the shares? Kindly advise.


ARCHANA
This Query has 3 replies

This Query has 3 replies

12 March 2026 at 14:50

Two pancard

Sir,

One person one pancard missed by mistakely another pancard applied, he got new number now he is having two pancards one is linked with aadharcard and other card previously filed incometax returns and in banks

How to previous card cancel , He wants to continue aadharlink pancard and same to be mentioned in Bank account

What is procedure to cancel one pancard not using

Thanking you,


SIVALINGAMpro badge
This Query has 1 replies

This Query has 1 replies

No message


SUDHEEP M
This Query has 1 replies

This Query has 1 replies

11 March 2026 at 11:53

TDS on Immovable property to an NRI

Sir,

Transactions in immovable property when seller is a resident normally attract Tax @1% if transaction value exceed Rs. 50 lakh. What was the cases if the seller was non resident. Whether exemption limit was applicable in case NRI and what was the rate of tax applicable. Normally TDS was remitted under 194IA using PAN of the Purchaser. How the transaction with NRI can be remitted whether using PAN or taking TAN seperately. who is required to take TAN whether purchaser or seller


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

The case is as explained below.
The Party has filed Original Return for Financial Year 23-24 and 24-25 and Later it has been came to the knowledge that the party is liable to income tax audit as the turnover exceeds the limit. So , After Filing of Original Return , and Submission of Income Tax Audit Report , Updated Return can be filed or not with the same Figure ??


pooja Garg
This Query has 3 replies

This Query has 3 replies

Hi,

I have a query regarding the income tax implications on the transfer of a partnership stake.

For example, an LLP has three partners—two are individuals and one is a company. The company partner has purchased the stake of the remaining two individual partners.

Now, the two individual partners would like to understand the applicable income tax rate on the gain arising from the transfer of their partnership stake to the company partner within the LLP.

Additionally, they would like to know what the applicable tax rate would be if the stake is transferred to an external entity outside the LLP.

Kindly clarify the applicable tax treatment in both scenarios.

Thanks.






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