K.G.Shah

Mr X Is having Intraday loss of 30000 and Dividend income is 150000. Loss shown in P&L account where books of a/cs not required to maintain and dividend shown in schedule Other Sources.
While submitting return following error occured if you required to prepare /maintain Books of a/c and dividend income reported in P&L please ensure consistency of amt of dividend income reduced in Sch BP. and dividend income reported in Sch OS . Please ignore if not applicable.
Please provide solution.


Pooja

I am a psu employee. I had undergone surgery in Fortis Hospital in the financial year 2024-25 at CGHS rates. The medical expense was reimbursed by my employer. Is this reimbursement taxable?


afreen shaikh
30 August 2025 at 17:28

SALE OF GOLD BEFORE BUDGET

INDEXATION IS ALLOWED ON GOLD IF SOLD BEFORE BUDGET??? AND WHERE TO SHOW IN ITR-2


Kaushik Roy

Please help how to report sale of asset in Fixed Asset Chart as per con]mpanies Act.
OP. Gross Block Rs. 39,50,000.00 out of which A asset of original cost 14,50,000 was sold during the year 2024-25.
OP acumulated Depr. 28,40,000.00 (including accumuated depr. of Sold Asset of Rs.384000.00, current year depr. 218000 (including Depr.on sold asset of Rs. 1,40,000.00). Sale Proceed of Asset 725000.00, asset acuired on 2021-22 & asset life 8 years


Ani L

Dear Experts,

One of my clients has recently incorporated a company in the UK and has offered me a full-time role as CTO. As part of the arrangement, I will be receiving :

15% equity stake upfront at no cost
Additional 10% equity over the next 3 years (vesting monthly, i.e., ~1% every quarter)

The purpose of this structure is to retain me and leverage my expertise and name.

Currently, there is no investment required from my side. The plan is that once we build a prototype, the company will look to raise funds.

I have the following queries:

Income Tax:
How do I disclose this in my Indian income tax return since I am receiving equity in a foreign company at no cost?

Will this be taxed as perquisite income (similar to ESOP) or only when I sell the shares?

Is there any requirement to declare it under the Schedule FA (Foreign Assets) of the ITR?

FEMA Compliance:

What FEMA rules apply when an Indian resident is allotted shares in a UK private limited company without consideration?

Do I need to file any intimation with RBI under LRS or any other FEMA regulation?

Future Funding:

Once the company raises funds abroad, will there be any additional compliance for me in India as a shareholder?

I want to ensure 100% compliance with both Income Tax and FEMA regulations from the beginning. Request guidance from the community on the correct approach.

Thanks in advance for your valuable inputs.


Swapnil

Hi,

If an Resident Individual having Self Occupied House Property, purchases an Under Construction House Property.....

Is under construction house property required to be reported under Income from House Property.


VIKAS KUMAR SHARMApro badge

Sir we are filling itr ay 2024-25 u/s 139(8a) excess tax paid Rs 1000 against liability(interest) of Rs 990 and Rs 10 as refund
now itr is not filled due to refund whereas we don't want to claim any refund

please help to resolve issue
regrads
vikas


afreen shaikh
30 August 2025 at 12:33

CAPITAL GAIN ITR

I PURCHASE PROPERTY IN 2002 AND SOLD IN JAN 2025( AFTER BUDGET) WHY FORM IS NOT CALCULATING CAPITAL GAIN WITH INDEXED COST???


Sudipta Das

Assesse received Subsidy from central government under National Livestock Mission Scheme. It is nonrefundable in nature. Can it be credit in in full to PL as Extraodinary Nature income ? What will be the correct accounting treatment for the same ??


Suresh S. Tejwani

Whether any expense allowable against capital gain of mutual fund?





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