Hi! I am buying a property more than 50L so I have to pay TDS. I filled 26QB in which I selected installment(By mistake instead of selecting lumpsum) and also selected last installment : Yes. also mentioned total amount paid in previous installments. paid TDS on total amount (Challan generated for total amount) But now 16B generated and showing only last instalment amount and also in the sellers 26AS only last installment amount's 1% amount is showing as TDS credit. How can I rectify ?

I have made 4 FD amounting Rs. 41Lkh. on 04-06-2020.from my Joint SB a/c with Wife. FD issue in Joint Name.
However ITD shown in AIS SFT Information in my wife Pan No. as well as My Pan No. I have replied through Feedback option. in wife AIS as information related to my Pan No. and file ITR accordingly. Now I have received mail on 25-06-2025 from insight, feedback rejected by Sources(Bank) and show Gross amount paid to the Person Rs.131159/-not showing any details of what type of amount paid to person.
Please advise, How to reply this query Shall I modify Feedback , stating txn pertain to Other Pan/ Duplicate Txn.

Ramesh Lute

Fy 23-24 I filed itr with AIS feedback on accrued interest for past 8 years. But today I got message that information is incorrect as mentioned by Postmaster Chennai. I have already shown accrued interest on kvp and also paid tax on it. What should I do now

If purchased from unregistered dealer, purchase expenses are allowed in income tax?

A partnership firm sells their plant and machinery along with deposits available in their name. Please let me know capital gain tax applicable for the firm for the Financial year 2024-25 Please clarify

KINDLY let us know where we would get the word "description" in the ITR form, as well as what will answer against the error said word "description". Regards, Tarak Kumar Roy, Naihati, West Bengal

Do the following transactions have any issues? please advise

Mr. X, a small moneylender, proprietor, whose total loan disbursement is below 10 lakhs during the year, has one loan above 2 lakhs by cash. The loan account was settled in cash during the year, and no balances remained as of the date of the Balance Sheet. His total income is below Rs. 2 lakhs and not filing ITR.

Hi,
In e-proceedings, there are 2 notices
1) Notice under section 143(2) of the Income-tax Act, 1961
2) INTIMATION TO ASSESSEE FOR COMPLETION OF ASSESSMENT IN ACCORDANCE WITH
PROCEDURE OF SECTION 144B OF THE INCOME TAX ACT

Its very generic, and in the "What you need to do?" it says:
"You may submit or cause to submit any evidence on which you may rely in support of your return of income
electronically in 'e-Proceedings' facility through your account in e-Filing website (www.incometax.gov.in) at your
convenience on or before

It is advised that you should gather all the information, documents, evidences, etc. in respect of various financial
transactions you have entered during the Assessment Year under consideration, which may be relevant for the scrutiny proceedings. Detailed questionnaire(s) or communication may be issued during the course of
assessment proceedings. As and when questionnaire(s) or communication is issued, you are required to provide
specific point-wise response within the time specified."

What action is required from me at this stage?
My income was from F&O trading and interest from savings account. I am an NRI.

Do I have to upload generic documents like:
- Statement from Zerodha for F&O trading
- Bank statements from all the banks

Both the notices have "Submit Response". Do I have to upload the documents to both?

Respected Colleagues,
A person had received Interest (194A) on enhanced compensation of Compulsory Acquisition of RURAL Agriculture Land in FY 2017-18 and filed ITR with only FD Interest Income without taxing 50% Interest on enhanced compensation in ITR with the intent that interest on Enh. Comp. was fully exempt being rural agriculture land not a capital asset, Now kindly advice whether 50% Taxed or fully exempt?

If Mr. X Brings Immovable property as capital contribution in partnership firm then such property shall be booked by partnership firm at the book value in the hands of partner which is mutually agreed by all the partners then whether such clause is to be mandatorily mentioned in Partnership deed?