Sir, my annual income is below ₹2.5 lakh, and I have been unemployed for the past two years with no current source of income. I am currently managing my monthly credit card payments of around ₹35,000 with the help of my relatives and some of my old savings.

Now, I want to stop filing my ITR because, due to my ITR filing, my entire family’s ration card has been discontinued, and I have also been removed from other government schemes, even though I currently have no income.

Therefore, I would like to know whether I can stop filing my ITR permanently. Could this cause me any problems?

RCM OF RENT OF APRIL 2025 WAS MISSED AND NOW WANT TO PAY IN OCTOBER 2026 GSTR 3B RETURN. IF WE CAN DECLARE THIS LIABILITY OF RCM IN GSTR 3B OF SEP 2026 AND TAKE ITS INPUT IN GSTR 3B OF SEPTEMBER 2026 MONTH?

The Applicant was a sole proprietorship concern of Late XXX , who had filed an appeal against the GST Demand Order during his lifetime With a Pre- Deposit of 10 % (Rs.4,00,000) Which was used from Credit Ledger. The said proprietor unfortunately passed away on 02.03.2026, while the appeal proceedings were pending. Subsequently, the Appellate Authority passed the Appeal Order dated 07.08.2026 in favour of the Applicant, resulting in a refund of approximately Rs.4,00,000 (Pre-Deposit) /-.
However, the bank account previously registered/linked with the GST registration was maintained in the name of the deceased proprietor and has since been closed due to his demise. Further, there is presently no operative bank account available in the name of the deceased proprietor against his PAN for receiving the refund. Is there Any other possible ways to get that Refund.

Hello,
I am looking for recommendations for experienced CA from Kolkata who have a track record of accurate balance sheet,PnL preparation and ITR 3 filing for FnO trading for individual trader by working online for document acceptance and communication. They should be transparent in disclosing their registration number and CoP. I will be obliged if anyone has any recommendations.

I am staying in mumbai . I have another home at delhi. can i take GST registration of Delhi and issue invoices . if i issue invoice to the client in mumbai what will be gst applicability IGST Or CGT+SGST.

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

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