MR. A HAS CASH GIFT RECEIVED FROM HIS SON RS. 1,90,000/- AND WIFE RS 1,90,000/- AND HIS BROTHER IN LAW RS. 1,90,000/- AND BROTHER RS 1,90,000 FOR THE ASST -YEAR 2025-26 AND HIS CONTINUED FORTHER FOR TAX YEAR 2026-27 FOR SAME PERSON AND SAME AMOUNT. THIS CORRECT THIS BY LAW

THANKS

Sir/Mam,

GST notices issued on Sept 2025 Order passed October 2025 Ineligible ITC Reversed in Annual return through DRC 03 at the time of filing annual returns and Gst department issued notice regarding this, Unaware of this notices we are not replied for this notices, demand raised for Ineligible ITC reversed and account freezed.

When we asked department regarding this we are unaware of notices, they said go to court and deal this.

Can we deal this through gst portal

What is the procedure to deal this ?

Thanking you,

Sir
One govt corporation (say A)given a building to another Govt owned corporation(say B) on permissive possession basis.
'A 'claim rent on that building given to 'B'.
My query is can A claim rent from B on that building given on permissive possession basis?
If they claim 'Rent' can it be treated as 'Rent''?
Actually what is the legal status of 'Permissive Possession'?
Regards
Abhijit

I had purchased an under construction property jointly with my wife in 2021 and which will be fully financed by me. I have paid the TDS on the booking amount paid to the builder in 2021 and subsequent instalment in 2022. Both tds were filed with my pan. Now in Form 141 for third instalment I see option to put share for each buyer and last tds receipt details. How should I fill it for my wife, since earlier two TDS were completely paid by me. Please guide.

Also should it be paid 50-50 in this case or can I put myself as 100% share in form 141 and submit

Dear Experts & Members,

I am seeking your technical insights on a client tax computation for FY 2025-26 (AY 2026-27) involving a mid-year job switch and a let-out property.

Here is the anonymous summary of the facts:
Client Summary & Income Details:

Employer 1 (Resigned Mid-Year): Gross Salary ₹11,24,960 (Includes Leave Encashment ₹1,10,180 exempt u/s 10(10AA) & HRA ₹2,02,958). TDS Deducted: ₹1,24,817.

Employer 2 (Joined Mid-Year): Gross Salary ₹27,15,326. TDS Deducted: ₹3,86,983.

House Property (Let-out): Gross Rent Received ₹96,000. Interest Paid on ICICI Home Loan u/s 24(b) ₹8,56,044. Net Loss: ₹7,88,844.

Chapter VI-A Inputs: Sec 80C Principal ₹1,55,230, Sec 80D Self/Spouse ₹25,000, Sec 80D Senior Citizen Parents ₹47,000, Bank Savings Interest ₹3,438, STCG on MF ₹2,406.

Residential City: Pune (Non-Metro).

Current Tax Working & Issue:

New Tax Regime:

Taxable Income: ₹36,60,950 (Gross Salary ₹38.40L less ₹1.10L Leave Encashment, ₹75k Std. Deduction, plus ₹5.8k Other Income).

Note: Home loan loss is capped at ₹0 against salary income under the New Regime (only offsets rental income down to zero).

Total Tax Payable (incl. Cess): ₹7,05,416

TDS Already Paid: ₹5,11,800

Net Outstanding Payable: ₹1,93,616

Old Tax Regime:

Taxable Income (after ₹2L House Property Loss set-off + ₹2.25L VI-A deductions): ₹32,60,510.

Total Tax Payable: ₹8,22,279 (Higher by ~₹1.16 Lakhs compared to New Regime).

Queries for Members:

Minimizing Net Liability: Is there any legitimate tax-saving angle, exemption, or reporting mechanism under the New/Old Regime that we might be missing to bridge this ₹1.93L tax gap?

HRA Optimization (Old Regime): Since she was living in rented accommodation in Pune during her tenure at the first employer, if rent receipts/agreements are introduced now, would the Old Regime become competitive against the New Regime? What threshold of HRA exemption would be required to break even with the New Regime savings?

House Property Loss Strategy: Is opting for the New Regime to save ₹1.16L immediately better than taking the Old Regime to carry forward the remaining ₹5.88L unabsorbed house property loss for future years?

Looking forward to your valuable opinions and suggestions.

Thanks & Regards,

Fellow Professional / Member

I am preparing ITR for Housing society, i have the following question..
The society Have only Maintenance charges receipt and having deficit of 20k. i have shown the receipt and expenses in p&l section in ITR5.. for the deficit of 20k, where can i show this in ITR?. .. i am using genius software

Builder has deducted TDS u/s 194IC from Rent paid on relocation. The building is under redevelopment
This rent comes under hardship compensation and not chargeable to tax. However there is no specific section u/s 10 to claim this rent as exempt income.
How to show this amount in ITR and claim credit for TDS ?

Hi,
I want to specifically file the Indian income tax return under UK-India DTAA. Unfortunately the Indian income tax portal is computing the tax as zero on income chargeable under DTAA. Form 10F was submitted earlier with TRC attached.
1) Are we supposed to be computing the tax and manually update in Schedule SI, Row 40 (Other source income chargeable under DTAA rates) ?
2) If we have to manually update, what is the correct process of computing the tax under UK-India DTAA? Say Dividend is 3 lakhs and Interest is 14 lakhs. Do we compute tax as (10% of Div 3 lakhs and 15% on Int 14 lakhs ?) OR use progressive slabs on total income of 17 lakhs with a cap on maximum tax rate 15% (till 4 lakhs zero, 5% on 4-8 lakhs, 10% on 8-12 lakhs, 15% on 12-16 lakhs, 15% capped on 20% tax rate (16-17 lakhs))
3) As per UK-India DTAA treaty, the tax on interest is 15%. Is cess of 4% payable on the 15% tax on interest?

Assessee sold flat for 1 cr which was jointly held with wife. Consideration was received Rs.50L each in both accounts. However the purchaser has shown tds payment of Rs.1L in Husband PAN and is reflected in his Form 26AS.
AIS of both shows sale of immoveable property at Rs.1 Cr each instead of Rs.50L each
My question is how to show capital gains in their individual return of income so that TDS is claimed in full and also there is no query from Income Tax Department

I am opting for presumptive taxation mode in ITR-3. I am getting the following error in the final validation step.

Upload Level ValidationITR3Category of Defect B/D
You will be allowed to upload the return. There is a possible defect present in the return or some of the deduction/claim may not be allowed.
1 Error(s) found

Error Description
If you are required to prepare/maintain books of account and dividend income is reported in Profit & Loss Account, please ensure consistency between amount of dividend income reduced in Sch. BP and dividend income reported in Sch OS. Please ignore if not applicable.

Suggestions
Kindly ensure that dividend income mentioned in schedule OS should be equal to dividend income reduced from Schedule BP.

So what to do? Do I have to made entries as suggested or just upload by neglecting?