A completely new garden has been laid out in place of the old one in front of the school building. Should the expenditure incurred on this garden be treated as capital expenditure, and under which head in the accounts should it be recorded?

can set off of losses under other heads of income against business income arrived at using presumptive income scheme is not allowed under new Act? Is rebate under section 156 of 2025 Act will not apply to tax on income declared under presumptive scheme, just like capital gains are excluded?

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?

Non specified professionals were allowed to file their returns using section 44AD under 1961 Act, as they were not barred using 44AD like specified professionals who could use 44ADA. Is position any different under 2025 Act? Can they not utilise presumptive income scheme?

To show presumptive income under Section 44ADA, what should be the business code for a Contractual Photo Editor?
FYI, As per the TDS certificate, TDS has been reported under Section 194C.

Hi

I had under construction house property in financial year 2025-26

Whether I have to disclose it in ITR for FY 2025-26 or I need to disclose it in ITR in future years when I receive possession of said house property

Please advise

Sir,
one of landlord pay local board building tax on 15.07.2026 for 25-26 payment . He also incurred Penal interest for that
1. which year he can claim deduction form his rental income
2. can he claim Penal interest also.
Please advise
With regards
Binu

If a foreign individual receives a foreign inward remittance (income received from outside India), where should this be reported in the ITR utility, if at all? If the amount is exempt from tax in India, is there any requirement to disclose it in the ITR? Kindly clarify the relevant schedule/field, if applicable.

Which ITR to file if the TDS is deducted under 194A and 194C? If I'm filing ITR3 it's showing you cannot file under this as there is no business income and if I'm filling under 2 its saying I cannot file under ITR 2 as 194 C is not considered under ITR 2

Issue: A salaried employee is getting reimbursement of Fuel/driver expenses etc as part of his salary against his own car. So far in old regime, he can claim the exemption u/s 17(2 of Rs. 32,400/- for his small car. However, while switching to new regime this year, he is unable to claim the same in ITR-2, though the Form captures the perquisite amount under the Income Head- Salary properly. My query is -

1) Is this exemption u/s17(2) is still available under New Tax Regime ?
2) And if so, how can this be claimed in ITR-2?