An assessee's total income for the financial year 2025-26 is 2882000 other than income from foreign sources) He not satisfy the basic conditions of prsence in india during the year 182 days and 60days during the previous year and 365 days during the preceeding the 4 years from the previous year. So he will be treated as non-resident. But there is amendment in fy 2020-2021 that his income from indian sources if exceeds 15 Lakhs then he will be treated as resident but not ordinarily resident. But there is exception to this given in section6(1)(A) read with section 6(6)(d) that he is a indian citizen , his income during the fy exceeds 15 Lakhs and he is not liable to tax in any other country or territory by reason of his domicile or residence etc., I want to know if he pays tax for the foreign earnings taxed in foreign is enough to satisfy this condition or for this indian income also if he pays tax in foreign , then only he will be treated as Non-resident?

Sir,
An assessee earning income in the nature of commission (on which tax is deducted under section 194D or section 194H) is generally required to maintain books of account and file the Income-tax Return accordingly.
However, in practice, returns are also being filed without preparing books of account in certain cases, particularly where the assessee also has income from salary, bank interest (including fixed deposit interest), or other non-business sources.

Kindly clarify:
Is there any provision under the Income-tax Act, 1961, or the Income-tax Rules that permits filing the return without maintaining books of account where the assessee has commission income along with salary and interest income?
Is there any monetary threshold of commission income up to which books of account are not required to be maintained?
If yes, kindly specify the relevant section, rule, CBDT circular, or notification governing the same.

can anyone share offline uttilty tool for tds return for foe tax year 2026-27

Builder has deducted TDS on rent paid on reallocation on account of redevelopment of building u/s 194IC as joint development agreement resulting in capital gains income.
However this is not capital gain and this rent is not taxable under income tax act.

My question is how to claim tds as prepaid tax and show this rent income as exempt u/s 10 because there is no specific sub clause u/s 10 to show this.

Hi,

I was a partner in a partnership firm and rendered my resignation on 31/03/2026. The firm has incurred business income in FY 25-26 but tax audit does not apply to it.
What will be due date for the firm and for me as an individual for ITR Filling FY 25-26?

Thanks

Hi,

i downloaded capital gain statement...in that therez one equity derivative and equity (STT paid) sheet...do i have to mention derivative amount anywhere in ITR??

I am preparing ITR for Housing society, i have the following question..
The society Have only Maintenance charges receipt and having deficit of 20k. i have shown the receipt and expenses in p&l section in ITR5.. for the deficit of 20k, where can i show this in ITR?. .. i am using genius software

One of My client is NRI and she just started working as an Insurance advisor.
So we have to file income tax return same as we file RI.
Same format Profit & loss and balance sheet.
can claim expenses ?
anything particular thing to make sure before filling.

Sir,

While filing correction statement for the Fy 2025-26 Qtr-4 getting below error please guide on this we have re-register the dsc and also tried to file even though we getting the error


Error: "Please sign using registered signature"

Dear Sir,
I have paid Rent of Rs.60000 & Rs.40000 to land lord. I deducted Rs.6000 tds on rent of Rs.60000 but TDS not deducted on Rsnt of Ra.40,000 FY 26-27.
Should I mention in TDS return Rent of Rs.40,000 with NIL tax or I shall mention only Rs.60000 with TDS Rs.6000