Dear Expert,

In A.Y 2024-25 there were a TDS u/s 194S an amount of Rs 60
1) plz suggest me which ITR to be filled for this, with another income is from business.

2) can i file the ITR U for this with a late fee of Rs 1000

3) Is TDS amount can be adjusted with late fee of Rs 1000 ? or should i have to unclaimed the TDS and 194S income in that year ?

Plz suggest, Thank you

Dear Sir / Madam,

My question is as follows:
Mr. A is a GST-registered dealer providing gaming services. He reported his income u/s 44 AD for AY 2023-24 & AY 2024-25.

In AY 2025-26, he suffered a loss of Rs. 450000/- and doesn't want to continue u/s 44AD. His other income includes Interest income of Rs 12563/- and no other income.

1) Can he opt out of section 44AD and report his P&L Balance sheet and claim a loss of Rs. 450000/-?
2) Will he be liable to tax audit if he opts out of presumptive taxation?

Please guide
Regards,
Suraj

I had filed form 26QC correction and it has been approved by the landlord but now its stuck on AO approval. Will there be a problem getting the approval from AO? How to find out his contact details and what are the documents required to be submitted to the AO?

Hi Sir , One Jaibhavani Medical Enterprises Partnership form , GST Registration is there from Jan 2025 , in Three months two three purchase Bills and two Sale bills.Net GST turnover from 01-04-24 t0 31-03-25 ,1,30400/- ( jan 25 to mar-25 ) which itr used for filing

My Ltcg u/s 112A rs. 73044 for ay 25-26 my Stcg u/s 111A rs. 7966 for ay 25-26
Previous year loss u/s 111A rs. 353000
Problem is CFL schedule showing setoff of losses for Rs.7966 and BFLA schedule showing loss setoff for Rs. 81010(7966+73044) .
Technically Rs.73044 is gain under sec 112A which is exempt upto rs .125000

Because of that itr 2 showing 2 errors as following.
1.In Schedule BFLA, Sl. no 2 (iiia + iiib + iv + v + vi + viia + viib + viii + ix) is not equal to Sl. no 4(x) + 5(x) of CFL.

2.In Schedule BFLA, Sl. No. 2 (xii) is not equal to the sum of amount mentioned at Sl. No. x (Col. 3 to 6) of CFL.

ITR filing is being filed online. Is it technical glitch or something else ?

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Dir/Madam

Can anyone adjust his FNO loss again DTCG or LTCG in the fy 24-25??

This query pertains to AY 2023-24 I have filed original return in which I claim political donation subsequently I remove political donation and paid tax in revised return which was processed by department I was getting message for political donation I filed ITR U without political donation which is invalid now and portal shows no return filed under tax credit mismatch for said AY
1. Is revised return which was processed by department will be considered final assessment or not as ITR U is invalid and in both revised return and ITR U I have not claim political donation .
2. If department issues notices for political donation will there relief that political donation was removed in both revised return which was processed and ITR U which was invalid

I have paid interest in 194J challan while making monthly TDS payment, It is excess payment, Can I adjust the interest against tax payable in the next quarter.

Or interest paid is can be adjusted against interest only?

This is for FY 2024-25, Q1

how can make the correction now, kindly help

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My client got retired from LIC which is a central govt undertaking. As per his form 16, he received gratuity of Rs. 40 lakhs however only he has been exemption of Rs. 20 lakhs only. So can I claim full exemption of Rs. 40 lakhs in ITR or even for govt employees the gratuity is exempt upto Rs. 20 lakhs