Dear Expert,

I have a client who has a projected tax liability of ₹4 Lakhs for FY 2024-25 under the new tax regime. Unfortunately, they missed the advance tax payment deadlines, including the final installment due on 15th March 2025. The due date for filing the ITR is 30th November 2025.

My question is: If my client pays the advance tax now, will it help reduce the interest liability when filing the ITR? Specifically, how will it impact the interest calculations under Sections 234B and 234C?

Any insights or advice on this matter would be greatly appreciated. Thank you!

For fy 24-25 I have got speculation intraday trading profit of 100000 (1lakh),SHORT TERM CAPITAL GAIN ON SHARES IS 4 LAKH AND LONG TERM CAPITAL GAIN OF 3 LAKH. ON WHAT AMOUNT OF SHORT TERM CAPITAL GAIN I WILL HAVE TO PAY TAX.And WHat tax I will have to pay on intraday speculation profit of 1 lakh? I am a senior citizen, and i have no income othan this income

Dear Sir,
We are a partnership firm operating an ice cream franchise business and selling our products through Swiggy and Zomato e-commerce platforms. These platforms deduct TDS at 0.10% under Section 194O on our gross sales (Sales + Packing - Discounts), excluding GST. The payment we receive is after deducting commission, ads fees, GST, TCS, and TDS.

Our query is:
Are we, as the sellers, also liable to deduct TDS at 2% under Section 194H on the commission and at 2% under Section 194C on the ads fees charged by Swiggy and Zomato?

We request your advice to clarify this matter and, if possible, kindly provide relevant documents or circulars to support the guidance.

Thank you.
Vasu Kodiganti
Mob.No.9490753838

Dear Sir,

One of my client has received a mail with the above subject line from Income Tax. While verifying it after logging into Income tax site there is no such notice. The amounts shown in the email are correct for HRA Exemption taken in Form 16 and while filing the return.

My query is if the rent amount per month is more than Rs. 50,000/- and the person has not deducted any TDS on the rent amount paid and claimed the exemption in his Form 16, then is there a way to rectify the error. The client has filed his return of income under Old Tax Regime.

Please help on the above matter.

Regards,
Divyesh Jain

Hello,
I completed my ca articleship in Jan 2025, but my total leaves is 300, and due to which the excess period to be served is 187 days. So, I want to served the extension period under new principal.
So, my question is that is there any possibility to do that under new principal and if so, what could be it possible procedure to do that.
Kindly do please look into it.
Thanks,

stay petition on stay of tax demand model

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