Shampa Mandal
This Query has 1 replies

This Query has 1 replies

16 August 2026 at 15:36

Filling ITR for FY 2024-25

I have missed to file ITR for FY 2024-2025
I have received commission Rs. 790000 and 2℅ tds deducted.
Can iI file ITR now


ARUN GUPTA
This Query has 4 replies

This Query has 4 replies

I have sold goods of more then 77 lakhs by gst invoice in August 2026. Do I require deduction of tds from the party? Please clarify conditions for deduction of tds as sales were made from my gst proprietorship registered form??


Saury
This Query has 2 replies

This Query has 2 replies

Subject: Reporting loss on sale of depreciable business asset in ITR-3 under 44ADA (no books)
I file ITR-3 under Section 44ADA (presumptive taxation, no books maintained). I have documented WDV figures from audited books in prior years.
This year, from a 15% depreciation block:
Some assets opening WDV ₹8lakh were sold for ₹4lalkh received in account
Remaining assets in the same block were taken for personal use at FMV = WDV (no gain/loss)
The entire block now ceases to exist
This results in a short-term capital loss of ₹4lakh under Section 50.
Question: Since Schedule DPM (and the full Part A-BS balance sheet) seems to require books of account, and I don't maintain books under 44ADA, is it acceptable to report this loss directly under Schedule CG, Item 6 (sale consideration ₹4,00,000, cost of acquisition ₹8,00,000) — instead of routing it through Schedule DPM → DCG → CG?
Is this a defensible, accepted approach for a no-books 44ADA filer, or does it risk being questioned since Section 50/block-of-assets treatment is normally expected to go through DPM?


Balram Choudhary
This Query has 1 replies

This Query has 1 replies

13 August 2026 at 23:36

Eligibility of Deduction Under 80jjaa

if a labour actually work only 20 days during the year but his name was registered under PF since 2 years. As PF Act does not mandate to remove the employee name from UN portal, even not work or absent from work. its name appear continue in master roll since date of joining without payment of wages and pf contribution, and cover 240 days working condition as per date of joining and date of Exit.
Is wages paid for one month eligible for deduction under 80JJAA

Here Employed means
1. Physically work or leave on paid
2. Only Registered in mastered Roll

Please Clear the concept


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

I am the buyer of an immovable property in India, and the seller is an NRI.

Please clarify under the new Income-tax Act, 2025:

Which section is applicable for TDS deduction?
What is the applicable TDS rate, including surcharge and cess, if any?
What is the relevant TDS code/section code for depositing TDS?
Is TDS applicable on the entire sale consideration or capital gain?
What are the applicable forms and compliance requirements for the buyer?

Please provide the applicable provisions for FY 2026-27.


T.N.Reddy
This Query has 1 replies

This Query has 1 replies

Sir, if the applicaiton is rejected by the PCIT under the above section, I hope, it is not the appealable order U/s.253, we have to invoke Writ Jurisdction under Ariticle 226.


Varsha Dharaviya
This Query has 1 replies

This Query has 1 replies

Please clarify the Indian income-tax treatment of crypto futures,
including whether profit from such contracts is covered under VDA taxation at 30% under Section 115BBH or should be treated as business income, and whether 1% TDS u/s 194S is applicable ? does the tax/TDS treatment differ when there is no actual delivery or transfer of the underlying VDA?
Also clarify the treatment of losses and their set-off/carry-forward, brokerage and other transaction expenses, and whether any GST, TCS, FEMA/LRS, foreign remittance or other tax/reporting requirements apply ?
when trading through an Indian or foreign exchange. Please confirm the proper tax head, applicable tax rate, TDS provisions, return form and relevant sections/circulars/notifications/judicial precedents applicable to crypto futures trading in India.


Praful Mohite
This Query has 2 replies

This Query has 2 replies

In reference to my earlier query-
Some of the assesses have shown Bifurcation of Perquisite.
Other Perquisite-134142/-(284621-150479)
Interest Free or Concessional Loan Rs. 150479/- and show Exemption Under Section 10 (10CC)
Rs. 150479+18043=168522/-
Presuming that Value of Perquisite of IFCL (150479), Tax will be Borne by Employer (Bank).
ITR will be Process Successfully with No Tax Demand. In this whether Revised ITR will be filled by reducing Exemption only up to Rs.18043/- Please advise.


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

Please clarify the Indian income-tax treatment of crypto futures,
1 including whether profit from such contracts is covered under VDA taxation at 30% under Section 115BBH or should be treated as business income, and whether 1% TDS u/s 194S is applicable ?
2 does the tax/TDS treatment differ when there is no actual delivery or transfer of the underlying VDA?
3 Also clarify the treatment of losses and their set-off/carry-forward, brokerage and other transaction expenses, and whether any GST, TCS, FEMA/LRS, foreign remittance or other tax/reporting requirements apply ?
4 when trading through an Indian or foreign exchange. Please confirm the proper tax head, applicable tax rate, TDS provisions, return form and relevant sections/circulars/notifications/judicial precedents applicable to crypto futures trading in India.
suggest peoper method.


atul
This Query has 1 replies

This Query has 1 replies

12 August 2026 at 21:33

TDS on purchase of property through EOI

I have booed a property with the builder and paid 15 Lakhs at the time of pre launch in the form of EOI and thereafter allotment was made by the builder after3 months. At the time of allotment t 40 Lakhs was paid with deduction of TDS ON 55 lakhs.
Now , received a notice for delayed payment of TDS from the department.
Kindly clarify whether there is any delay in payment of TDS and whether TDS is applicable at the time of pre launch.






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