Hello

Getting the cited message though I havn't claimed deduction u/s 54F. How to resolve this ?
Pls help

Shall we adjust available ITC in CGST to IGST for refund under export of sales without payment of duty.
Due to surprise visit from the department, we have filed DRC-03 subsequently the accumulated ITC has been reduced.
There is an available ITC in IGST and when IGST ITC is insufficient for the balance amount, shall we utilize CGST ITC for refund?

I held an NRE account last financial year. I converted it to resident savings account this financial year. I am not able to find the type NRE in the IT portal. Portal has NRO though. What should i do in this case? Should i add it as savings account?

Respected professionals
I have filed my return of income for the Asst Year 2025-26 declaring income of Rs.7,00,000 and claimed refund of Rs.70,000 and refund also credited to my account along with interest of Rs. 1,300. but my correct income is 11,20,000 and actual tax liability is 71,200. now I want to file revised return of income but while filing revised return I have prompted to pay only balance tax of Rs.1,200. if I paid only 1,200 balance tax along with revised return what about refund already received from income tax department kindly advise me how to return the refund already got
thanking you all

Hi,

I have worked in a company for less than 5 years and left it due to personal issues. As I didn't get work for almost 4 months I withdrew all my EPF amount. Since the amount was withdrawn after I left the company, this withdrawal amount is not showing in form 16.

Since I have done the full EPF withdrawal before 5 years, so i am confused as to how to show this amount in ITR 2. I wanted to ask few questions:
1. Employer Contribution and Interest on it - Where to show in ITR 2
2. Employee Contribution and Interest on it - Where to show in ITR 2
3. I have not claimed EPF deduction in my ITR in earlier years, so the amount which I have not claimed as deduction in earlier years, where should i show that amount. (EPFO has deducted TDS on all amount by the way)

Thanks in Advance

SIR,
We have installed Solar Power Plants out side our factory and the power generated given to GRID and adjusted in our monthly power bills accordingly. In a recent AAR by Tamilnadu Authorities in the case of kanishk Steel Industries ITC on Solar panels and services denied . Under the circumstances please advise whether we can claim ITC on Solar Plant related Items and services.

Thanks in Advance.

I have gone thru ITR 2 of fy 24-25, but am unable to know how to present the 54 F ( equity ) disallowance of previous fy 23-24 in ITR 2 in fy 24-25 since I will also be claiming both 54 F (equity) and 54 benefits in the current Fy24-25. I have checked with a few CA friends, but have not received any clear reply.

FY 2024-25; ITR2 online eportal used for filing.

Dear Sir/Madam,

Debt Fund LTCG losses prior 23/7/24 not offset against gains incurred from transactions post 23 /7/24 .
Txn before 23/7/24- LTCG Loss Rs 10K.
Txn Post 23/7/24 - LTCG Gains Rs 25K.
ITR2 online Portal shows gain of 25K instead of 15K. Is this correct ?. Shouldn't the effective gain be 15K instead ?

Thanks.

Whether to disclose Property received as Gift from Parents in IT Return?
If yes then where to show?

My client is an employee working in multinational company. He purchased some Shares from New York stock exchange in 2022 to 2024 in small units and in Jan 2025 he sold all the shares.

i want to know how i have to present this transaction in Income tax return in CG Schedule.
also Weather i have to give report with bifurcation as per purchases or directly single entry i have to mentioned.
In single entry what will be the date of acquisition then ?? as i have to convert share price from US doller's to INR date wise.