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 ?

Assessee had transferred property on 28-10-2022 which was purchased in FY 2012-13, Full amount invested in capital gain account scheme (CGAS) before filing of ITR on 07-06-2023. Amount was not utilized and Deemed Capital Gain accrued on 27-10-2025. Whether tax rate on LTCG applicable would be 12.5% (as per current law) or 20% (tax rate at the time of original transfer) ?

Please guide.

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?

Hello Sir /Maam

EPFO credited interest.I put VPF above 2.5L as I find VPF a safe option inspite of tax component.

But credited interest it's not reflecting in 26AS/AIS

How to file tax and for which year to file tax
The Passbook neither mentions date of credit not the taxable interest .Just I see enhanced amount .When entries are not there in 26AS/AIS how to file?

I have a query regarding the reporting of Futures & Options (F&O) transactions in ITR-3 and the applicability of tax audit under Section 44AB.

The facts are as follows:

I am engaged in F&O trading.
The total traded value (purchase + sale contract value) exceeds ₹20 crore.
The absolute net profit from F&O transactions is ₹7,13,000.
I have filed / intend to file ITR-3.

My queries are:

Since the ₹20 crore represents only the total traded value and not the F&O turnover as per ICAI guidance, is a tax audit under Section 44AB applicable?
While filing ITR-3, should the purchase and sale figures represent the gross contract values, or should only the F&O turnover (computed as per ICAI guidance) be reported?
If the Trading Account schedule in ITR-3 contains fields for Sales and Purchases, what amounts should be entered for an F&O business?

Experts /Sir,

Like all EPFO subscribers, EPFO Interest for the FY2024-2025 was credited in July 2025 i.e. in FY2025-2026 (IT AY2026-2027).
EPFO has deducted TDS for the Interest paid. Looks like EPFO has either not remitted the TDS to IT Dept. or have credited it against some other PAN than mine.
Both the Interest paid and TDS deducted does not reflect in my AIS or Form 26AS.

I have raised EPFO grievance and also sent EPFO Commissioner an email, but there is no response.

The only proof I have is the EPF Passbook/Statement downloaded from EPF website which shows Intt. paid and TDS deducted.
While filing ITR for AY2026-2027, is there a way I can claim this TDS without the AIS/Form 26AS reflecting the Intt. paid and TDS deducted ?
Appreciate your expert advice.

Good morning Sir,

I have a query regarding Section 44AD.

Can interest income earned from a money lending business be treated as business income and offered under Section 44AD? Or should such interest income always be shown under the head "Income from Other Sources"?

Could you please clarify the correct legal position and any relevant provisions or judicial precedents on this issue?

Thank you, Sir.

Hi
When landowner sell his share of flat on or before the completion date when he should file income tax return and declare capital gain income?
Section of the proviso says when the capital gains shall be deemed to be the income of the previous year in which such transfer takes place.. what is which transfer refers to flats or land it decides the year of chargeability, can some one help me with this