This Query has 2 replies
I had gifted some shares to my wife. She sold these shares and also received dividend on these shares. TDS was also deducted on the dividend. All these transactions are showing in her AIS and 26AS.
How do I treat the capital gain, dividend and TDS in IT return?
This Query has 1 replies
Employer (Partnership Firm) is paying school fees every year for the children of a deceased employee. Can the employer claim this expenditure as a deduction under the Income-tax Act for every year during which such ex-gratia/compassionate assistance is continued to the legal heirs of the employee who died while in service? If yes, please share the relevant provisions/rules for record purposes.
This Query has 2 replies
A resident assesseee wants to purchase an immovable property in the month of may 2026 from Nri Husband and wife . Both Nri have equal shares in the property. Total consideration 6500000 is divided equally by sellers by 3250000 each. I want to know as per section 195 (new section 393(2)) TDS is to be deducted and Form 27Q (New Form 141) is to be filed and Form 16B (new Form 132) is to be given NRI sellers.
I want to know the effective date of PAN itself enough to TDS Return without getting TAN. For each co-owner sale consideration is 3250000 only whether surcharge applicable For FY 2026-27?
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DEAR EXPERTS, A PERSON PURCHASED HEAVY MOTOR VEHICLE, AND TCS WAS COLLECTED AT THE TIME OF PURCHASE IN A Y 2025-26. THE ITR NOT FILED FOR AY 25-26. HOW CAN IT BE CLAIMED IN ITR 26-27. VALUABLE OPINIONS AWAITED
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One of my clients, who is currently in Ireland, wants to file an ITR for AY 2019-20, 2021-22 & 2022-23the following years to submit the same to the Australian Embassy for visa processing.
He was employed as a Project Manager at his friend's company, and they paid him a salary in cash. He filed ITR for the AY 2020-21.
Can he file ITR for AY 2019-20,2021-22 & 2022-23 now - say 15/05/2026
Kindly advise.
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I am trying to file ITR-U for ITR-5 for A.Y. 2024-25, but while uploading the JSON file, the error comes that." Part B TI Deemed Income Under Section 115JC Should Be Equal to SI No. 3
Of Schedule AMT. Kindly Enter In Part BTI, enter the value in Deemed income under section 115JC equal to SI. no. 3 of Schedule AMT."
But there is no difference in the said figures.
Please any one help me resolve this query.
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Is TDS deducted on Business Support service expense?
if Yes , Then under which Section and Rate?
HSN Code: 00440366
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DEAR EXPERTS, A PERSON DIED IN JAN 2026. HE LEFT WIFE AND ONE SON. NOW HIS ITR,, CAN WE FILE ITR WITHOUT PARTICULARS OF LEGAL HIER.AS ITR TO BE VERIFIED BY ADHAAR OTP . NO NEED FOR SIGNATURE OR PRESENCE. WHAT IS LEGALITY IN PRESENT SITUATION. IF THIS IS DONE WHAT WILL BE LEGAL POSITION AFTER FILING RETURN YOUR EXPERT OPINIONS AWAITING.
This Query has 1 replies
Whether Indexation benefit is available if Property has been purchased before 23/7/2024 and Sold in Financial Year 25-26
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Hi,
I sold a property in April 2026, which was acquired by my grandfather in 1956, no buy/purchase deed and purchase cost is available
I am unable to get FMV Certificate from valuers as it is very rural property and valuers ask for heavy fee which is not affordable (in view of transaction value)
My grandfather died in 1970, and father died in 1993 & I am a senior citizen
I sold my share of the property in April 2026 for Rs 8 lakhs
Now I want to know can I assume purchase price at Rs 1 only as of year 1956, and claim Rs 19000 towards renovation during year 1993
Can I get indexation benefits on Rs.1 or Rs. 19001 as above, I have already invested Rs 7.1 lakhs in REC Capital Gains Bonds, is it enough or i should invest full amount of Rs 8 lakhs. Further, I have STCL (on sale of shares) during same year of Rs 1 lakh
Pl suggest what to do in this case
Thanks in Advance 🙏
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Gift of shares to wife