What is the difference between ITR 3 and ITR 4?
If one can shift from ITR 3 to ITR 4 in any Financial Year?
Which form is appropriate for Freelancing and consultancy profession who does not maintain any books of accounts

https://youtu.be/eVzKksnc2xA?si=tz3Schtanx6Gssbg

Came across a video by Zerodha on HUF Gifts.
Are the explainations given right. Will be very thankful if one can clarify.

AS WE HAVE...JOINTLY..(5 MEMBERS)....HAVE BULDING

ONE OF TENANETS....SOLD ROOM

ON WHICH....RECD......TRANSFER FEES RS-25 LAC....5 LAC EACH


WHERE TO SHOW IN ITR
WHAT ARE THE OTHER DETAILES REQUIRED RO FILE IN ITR

Hello there
Kindly provide a solution on how to treat F and O losses in Income Tax Return.

While computing estimated total income for the PY in which lower deduction is sought, should the TDS that will be actually deducted at prescribed rates (if not for the 197 certificate) be mentioned against TDS?

For example, if its LTCG on sale of property, actual tds rate is 12.5% and tds will amount to, say 5 lakhs. In the income estimation, after computing tax liability,
(i) should this 5L be shown as estimated TDS and show tax refundable as 5L, or,
(ii) TDS be left blank and just show the tax liability for the estimated income?

Hello,

Can any one help me for registration, documents verification in US CPA course??

I want to start this course without coaching class i.e third party classes. I am a ca final student so, I want to make self study.

Need help for registration, documents verification and availability of materials audio, video etc

Thanks in advance

Should I pay the exact self assessment tax or a little more???. If there is a shortfall as per 143(1) and i pay BEFORE DUE DATE OF FILING ITR, is there any penalty or interest. I AM SENIOR CITIZEN

Respected Sir,

One of our client GTA was providing services under forward charges @12% & having 5 Lorries which have purchased in May-2022. But Unfortunately, proprietor died in July-25, now we have applied for closure of this business as family don't want to continue.
Sir, my query is that : should we reverse the ITC taken on above lorries by reducing the ITC amount 5% per quarter basis and we have to pay 35% of ITC availed (ITC Availing time 3 years + 1 Quarter = 13 Quarter i.e. 65%)? Or we can avail any exemption in this exceptional case.

Kindly Advise.

Rakesh Sharma

Dear Sir/Madam,

if TDS deduction under 194Jb then this income show under other source of income or business/profession?
if under which business/profession then ITR-4 can file?
pls guide litter bit about this.

Thanks and regards,

Pratik N Patel

Dear Expert,

I seek your guidance regarding the applicability of e-invoicing and the 30-day reporting requirement under GST based on the following facts:

My aggregate turnover in FY 2023–24 was below 10 crore.

During FY 2024–25, my aggregate turnover exceeded 10 crore only in March 2025.

I did not generate e-invoices for B2B transactions issued in April and May 2024, these e-invoices were generated on 10th August 2025.

The time limit 30-day e-invoicing reporting rule was notified as effective from 1st April 2025.

In this context, I request your guidance on the following:

1. Does the e-invoicing mandate, along with the 30-day reporting rule, apply retrospectively to invoices issued in April and May 2024, even though my turnover was below 10 crore at that time and only crossed the threshold at the end of FY 2024–25?

2. Can I be held liable for non-compliance or delayed compliance in generating e-invoices for the above-mentioned period, considering that the mandate became applicable only after my turnover exceeded the prescribed limit at financial year-end?

3. If e-invoicing and the 30-day limit are applicable in this scenario, what specific penalties or consequences might arise due to the delay in e-invoice generation for April and May 2024?

The GST portal continues to allow generation of IRNs for April–May 2024 invoices in August 2025.

Thank you for your valuable guidance.