Senthilkumar M
This Query has 5 replies

This Query has 5 replies

12 September 2025 at 12:36

TDS SHORT DEDUCTION DUE TO PAN INOPERATIVE

Is there an online facility available for correcting TDS short deduction defaults caused by an inoperative PAN?


Rakesh Chandra Purohit
This Query has 2 replies

This Query has 2 replies

12 September 2025 at 12:21

Interest on advance tax for senior citizen

sir I entered in intra day trading by mistake and sold instantly and earned a profit of Rs 201 but after STT the nett amount is loss of 250 , Will I have to pay interest on advance taxes as I am a senior citizen ?


Piyush Patel
This Query has 4 replies

This Query has 4 replies

12 September 2025 at 11:58

Conversion of LLP into a Company

On conversion of LLP into a company, whether new PAN is supposed to be obtained or can the company use the PAN of the LLP (being a successor).

Also how is the Return supposed to be filed in this case. Whether LLP is supposed to file return upto date of conversion and post that company will file separate return ? In this case, given the e-filing process- the portal would not allow filing two returns for same AY.


Shankar Rao
This Query has 2 replies

This Query has 2 replies

12 September 2025 at 11:43

Profit on sale of long term mutual fund

Is profit on sale of mutual fund invested out of corpus fund taxable in the hands of charitable trust registered u/s12A.
where to enter in ITR 7 please clarify


Shikha gupta
This Query has 2 replies

This Query has 2 replies

12 September 2025 at 10:22

Share transaction tax liability

if a stock purchased in January 2025 and sold in April 2025, then profit from the said transaction will be treated in which FY 2024-25 or 2025-26?


shinu
This Query has 10 replies

This Query has 10 replies

Sir,

Our LLP has a turnover of 46 lakh so pls share due date and whether audit required


binu sukumaran
This Query has 2 replies

This Query has 2 replies

11 September 2025 at 19:53

Income tax on rental and interest from FD

Sir,
one of my friend has income during 25-26 is below
from rent 8,00,000
bank interest 12,00,000
partner salary 5,00,000
he is above 60 but below 80, and select new tax slab.
my doubt is
1. while compute income tax all income is effected tax slab .is there is any separate tax for bank interest
2. can get standard deduction 75,000 for partner salary
please advise


Suresh S. Tejwani
This Query has 4 replies

This Query has 4 replies

If, mr.x purchased property before 2001 and now he sale property in the f.y. 2024-25. mr. X has made property valuation as on 1.4.2001 (which was purchased before 2001) is more than stamp duty value as on 1.4.2001. therefore, Mr. X consider valuation as on 1.4.2001 which is higher than stamp duty value as on 1.4.2001 in their income tax return?


TRIBHUVAN PUROHIT
This Query has 2 replies

This Query has 2 replies

11 September 2025 at 13:10

Employee PF withdrawal in ITR

Dear Sir
Our earlier employee left service in FY 2023-24 & received his EPF balance in FY 2024-25
he left his service after 10 continuous employment years
TDS was also deducted

During FY 2024-25 he only have interest income from sb account and this EPF receipt
How to show the same in ITR

Please reply

Regards

Tribhuvan


K.G.Shah
This Query has 6 replies

This Query has 6 replies

11 September 2025 at 07:19

Residential status and Return to file

Mr X Software engineer gone to Pune first time to abroad USA on 11 Aug 2024 and come back on 1 September 2025. He was more then 182 during Fy 2024 25.
In India he has only salary income of 3.Lakh.
Which return to file for financial year 2024 25 ITR 1 or ITR 2? .
What will be his residential status . Resident Or Non resident.

I have prepared ITR 2 with non resident. Whether it is correct ? Return not submitted.
Please guide at an earliest






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