Hi,

I am Individual working as Accountant with Private Company & my employer deducts my TDS under Professional Category. I am Commerce Graduate & do not have any Professional Qualification like an Chartered Accountant

Can I report my Income under Section 44ADA in ITR for FY 2025-26 AY 2026-27. I am not claiming any expenses or deduction against this income.

Gst to be included or excluded for Gross Receipts/turnover u/s 44AD

While filing ITR 1, want to show interest on tax free bonds and Interest on PPF.
Till last year, we had selected 'Others' from the drop down box under the nature of exempt income and shown in description box under others, as Interest on Tax Free Bonds and Interest on PPF respectively. This year, the nature of Income has different kinds of drop downs - the drop down of 'Other Income' has specific narrations none of which match these items. So I tried to select Interest on Specified Investments, which does have a drop down items of Exempt under Section 10 (15)..can we select this for interest on tax free bonds and similarly what to select for PPF Interest?

Itr 1 with nil tax and itr 4 with refund of 3000 was processed on same day. Itr 1 filed with refund of 27000 is pending since more than ten days

Any idea???

Dear Experts
As per section 393(6)(ii) of income Tax Act. 2025, has threshold limit to 50 lacs and tds rate 2% been revised even if deductor is individual and service received on contract.

Pls confirm

05/2025 Purchased Apple shares and Sale on 09/2025 Short Term Gain Rs.18450/-. Tell me Tax Rate, its 20% or as per Slabs.

Is interest on extended SCSS taxable wef F.Y.2026-2027?

Sir,
My wife earn salary income FY 2025-26 Rs. 105000/- and Long term Capital Gain on Share of Rs. 30000/-
Its need to we file the ITR -2 or its not file return due to taxable income not crossed .

Thanks & Regards.

SANJAY

The husband transferred securities worth ₹9,84,783 to his wife's demat account through an off-market transfer. Subsequently, the wife transferred securities worth ₹9,89,983 back to the husband's demat account through another off-market transfer.

Please advise on the income tax implications of these transactions in their respective Income Tax Returns (ITRs), including whether any tax liability or disclosure requirements arise for either spouse.

Sir,
Usually Figure of Equity Shares and their values differ as shown in AIS and that shown in Broker's statements. This may happen because of many reasons of data mismatch .
If figures are different then P&L will also be different.
Under this situation , query;
1. Can we consider only Broker's statement of Capital Gain as prime source ,for reporting Capital Gain on shares by uploading broker statement with ITR filing in Schedule of CG and ignoring figures of AIS.
2 Can we ignore giving "Option " input information against each entry in AIS, because of large nos of transaction.
3. Is any reconciliation is compulsory or Optional ( as data is voluminous )

Pls guide pointwise what is right approach. Thankyou.