Dear Sir/Madam,

ITR-3
I have filled my IT return under new regeim for AY-2024-25.
I want to filled my IT return under old regeim for AY-2025-26.
Question is that can I filled in future my IT return under again in New regeim or old regeim become default for me lifetime.

Thanks and regards,

Pratik N Patel

Whether Capital gain income of minor shall be clubbed with the parents?
And if such capital gain income shall be subject to basic exemption limit of 3 lacs or it shall be directly clubbed with the parent having higher income?

Dear Experts,

I have received gratuity amount in Aug-24 but the amount is not part of form 16 received from employer for 2024-25. Please advise if I can show the same under Exempt Income category without showing as a part of the salary will I be getting any notice for the same.

anybody facing issue in calculating Capital gain with indexation where property is sold after budget. it was purchased in 2002. My ITR forms are calculating capital gain without indexation and @12.5% capital gain

After the last parent's death with only unregistered will and no legal heir certificate, how to file ITR for the parent. Will IT authoriser any one without the certificate?

All assests are left as it is except for dividend credits to deceased account.

None of the survivors are in any hurry to claim funds where they are joint holders or nominees.

Sir,

Please solve my below query
1 he earned a salary income under section 192 is Rs. 490000/- full time FY 2024-25
2. he also earned a Rs. 10000/- receipt of fees for professional or Technical services section 194 J and deducted TDS Rs. 1000/- FY 2024-25
3. he run medical clinic evening and earned Rs. 88000/- gross receipt during the year FY 2024-25

i am selected itr 4 and shown Rs. 88000/- gross receipt under ADA presumptive income and salary but where can i show is income of Rs. 10000/- ??

Please guide

What is the best way to form a religious society and get registered under income tax. Can any one share procedure to be followed and documents required. Forms to be filed for the purpose of registration under IT Act.

I am filing my income tax return (ITR 3) under section 44ADA and have not maintained any books of account. In my return, I have reported some dividend income in Schedule OS, but have made no adjustment for dividend income in Schedule BP, nor have I prepared Profit & Loss Account or Balance Sheet.

Despite this, I am seeing a Category of Defect B/D warning in the portal,

Error Description:
If you are required to prepare/maintain books of account and dividend income is reported in Profit & Loss Account, please ensure consistency between amount of dividend income reduced in Sch. BP and dividend income reported in Sch OS. Please ignore if not applicable.

Suggestions:
Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.

I am a salaried employee with no business income. I have a Loan Against Property, which is used to buy property in the name of my name and in my wife's name.

As my loan is a LAP and not a Home Loan that too in my name -
Q1. Can my wife add the Loan Interest to cost of acquisition for her under-construction flat cost.
Q2. Another flat is fully constructed and is in my name. This flat is not on rent and I do not live in this flat - Can I claim the interest under section 24b and or 80EEA or add this to cost of acquisition

I am open to receive any other suggestion to reduce my tax liabillity

Hi,
below is the salary of somebody...is there anyway we can save the tax and get the refund of wht company has deducted?
Salary Income
Basic Pay: ₹ 2,42,481
House Rent Allowance:₹ 1,21,242
LTA Allowance:₹ 30,000
Other Allowance:₹ 3,92,931
Total Salary: 7,86,654

Interest Income: 13092


80c: 150000
80TTA: 10000

TDS: 15,350/-