Sir/Madam

We have file our tax return as following status of last fy- and online status of assessee is Resident in India !!! can you help me on priority basis-

> fy-2023-24 -Return filed as Resident in india
> fy-2022-23- Return filed as NRI
> fy-2021-22- Return filed as NRI

We have to file tax return for fy-2024-25 as NRI can i will file it?? or we have to change status online first in income tax personal details?

Can Overseas Citizen of India invest in Fixed Deposit through NRO account?Can the Income tax deducted at source be claimed as refund if the Indian Income is below taxable limit?

Please advise!!
Regards

Kya april 2025 se make my trip or other OTA ke commission Invoice me hume TDS liability apni book me, book karni chahiye
According to the 194H tds deduction law.
please share the full details.

One of my client is a Marketing agency based in India only he is liable for tax audit and paying 1.5 lakhs monthly for subscription fee to a software company based in US California. The foreign company has no Permanent establishment and PAN in India, what will be the TDS implications on such transactions?
Will filing form 10F and obtaining TRC from Foreign company will suffice for not deducting tds on this transaction?

I have filed extra TDS on purchase of property due to which seller rejected it and told to file it again with the correct TDS amount. So, I filed second TDS with correct amount now.

The first TDS is showing 1% of property value as consumed amount and extra TDS as unconsumed amount. Traces site allows me to get the refund of unconsumed part but as I have already filed the second TDS so I want the complete amount refunded from first TDS.

After researching, I am able to find that I need to make corrections in first TDS challan and them claimed the amount. My concern is what kind of corrections I need to make so that challan would show all the amount in unconsumed section.

Dear Sir/Madam,

Please guide how to file Revision under Section 264 in The Income Tax Act, 1961. As I'm not able to find any direct or indirect facility in the income tax, e-filing portal. Although few experts, on this platform are guiding to file Rectification (u/s 264), but in my perspective this a wrong practice.

As Revision and Rectification under the Income Tax Act, 1961 are two distinct mechanisms.
Kindly advise the correct procedure for filing a revision under Section 264.

For FY 2025-26
If an individual having total income from salary Rs. 8 lakh and Income from long term capital gain Rs. 3 lakh and short term cap gain Rs. 1 lakh.
Whether rebate applicable for both short and long term cap gain?????

Dear Sir,

One of my client while filing his income tax return took the HRA benefit for FY 2023-24. After checking the documents later he found that the rent agreement was made in his wife's name and the landlord. The landlord also filed his income tax return mentioning my client's wife Pan number as tenant.

Now my client has got a notice for not deducting tds on rent paid. The tds amount was paid by his wife since agreement was in her name. All rent payments were done from my client's bank account hence he claimed the HRA exemption.

Please help me to resolve the issue.

Thanks,
Divyesh Jain

I have made capital gains in April 2025 for the sale of an apartment for my daughter's marriage. Should I make the LTCG tax payment in 4 parts as advance tax or in full? Is there any compulsion to pay full tax? I am choosing Indexation with 20% tax. What other improvement costs can be considered, as I have no proof? Though a few modifications/rectifications were made in 2002 when the apartment was purchased.

Dear IT Experts
I need your guidance for IT Savings Investment Plan Under New Regime for the FY 2025-26 for Man/Woman.
Eg: NPS, Makhila FD etc

Thanks in advance.
mohanraj_vkj@yahoo.co.in