My question is
Do we need collect tcs if we sell our old ginning machinery as scrap ??

If the tax demand has been fully paid, but the interest amount was not paid, can the refund arising in the subsequent financial year be adjusted against the outstanding interest liability, or will the refund be credited to the taxpayer's bank account?

I can see an entry given by HDFC bank, as SFT 005
it is like I open a 48 lakh TD and got back 68 lakh within same year,
how can hdfc give 20 lakh interest in one year, it is like hdfc started paying 20-30 % interest.
this entry looks huge and bizar, but there is no entry for my FnO turn over,
I am confused if it is some how linked with FnO turn over but reported incorrectly
I also confused because I keep doing FD and pre-mature liquidation but still such a huge interest is beyond my understanding

Trust registered u/s 12A sold Equity mutual fund for Rs.10 lakhs on 25.03.2026 which was purchased on 12.1.2022 out of corpus fund for Rs6,00,000.
On 25.03.2026 Trust purchased another Mutual fund for Rs.10,00,000 ( means net consideration on sale of mutual fund was reinvested )
ITR 7 It was entered as followes:
Schedule AI – Sl. No. 8
Income other than Donation referred in Sec. 10, 11 & 12
Net consideration on transfer of Capital asset 10,00,000
Schedule A – Sl. No. 11
A. Expenditure of the trust/institution:
- Cost of new asset [to claim Exemption u/s 11(1A)] 10,00,000

My question is, is it needs to be entered in Capital gain Schedule also ? if entered in capital gain schedule it is showing as taxable income but in fact it is not taxable as it is reinvested in another capital asset please answer

A Person Wants to transfer Rs 50 Crore In Newly Set Up Trust. What is tha tax treatment of this amount in trust itr
Trust has no 80 G Registration

After Submitted TDS Return Q1,2026 (From No. 140)(Previous Name Form 26Q) Department issue Intimation U/s 399 for (Short Deduction +Interest on Late payment) DEMAND Rs. 5020.00 .

Now My Question is NEW TRACE WEBSITE where I see this above demand & after demand paid  how I shall Clear is demand by online or offline.

SIR

I HAVE FILED ITR-4 FOR AY 2026-27 BUT I DONT KNOW AS UPON WHICH OTP GOES WHILE E-VERIFYING THE INCOME TAX RETURN. PLEASE LET ME KNOW HOW TO TRACE THE MOBILE NUMBER AS UPON WHICH OTP GOES.

AY 2024-25 FILED ITR UNDER 44AD
AY 2025-26 TURNOVER RS.3.77 CRORE WITH CASH TRANSACTION LESSTHAN 5% NORMAL RETURN FILED WITH PL AND BS WITHOUT AUDIT
AY 2026-27 TURNOVER IS RS. 2.27 CRORE CASH TRANSACTION WITHIN 5% LIMIT WANT TO FILE NORMAL RETURN WITH PL AND BS WITHOUT AUDIT
IS IT POSSIBLE TO DO ??

We had an outstanding income tax demand, and the corresponding interest was pending. The demand has now been fully paid. However, an earlier income tax refund was adjusted against this outstanding demand.

Could you please confirm whether we are now eligible to receive a refund of the amount that was previously adjusted against the outstanding demand, since the demand has already been paid?

Itr 1 filed on 23 june refund 27000 income ten lacs says " wait for processing" . Why delay????