Section 194LBA – Certain Income from units of Business Trust. Which head of income is to be admitted 194LBA?

Sir in my account,
Intraday equity trading cash (non f&o): loss 265/
Total turnover: 500/ only
STCG from share: 210000/
STCG from debt mutual fund: 25000/
LTCG from mutual fund: 97000/
Savings account interest income: 45000/
Commissions: 3700/ only (YDS deducted u/s 194H)
Since total income above basic exemption limit of 250000/ and loss in intraday equity,I can't opt 44AD as commission is there.

So,books of accounts and audit mandatory for me?
Please help as I'm confused and worried a bit too,
Thanks

A person works as a gold appraiser for various banks, providing valuation services for pledged gold. The banks have deducted TDS under Section 194J(b), treating the income as technical service. He is not a certified or formally qualified appraiser, but he has the necessary technical skills and experience in gold valuation.

*He operates independently and provides services for multiple banks.
*He does not maintain any books of accounts.
*His annual income is approximately ₹5 to ₹7 lakhs.

Based on the above, I seek clarification on the correct tax treatment:
1. Can the income be shown under Section 44ADA (as technical consultancy), even though he is not formally qualified?
2. Alternatively, should the income be shown under Section 44AD as business income?
3. If filing under ITR-3, how should the income be reported without maintaining books of accounts?

My husband passed away in December 2024. As his spouse, I will be acting as his legal representative to file his Income Tax Return for the financial year 2024–25, based on the income he earned up to the date of his passing.
As nominees, my son, my in-laws, and I have received certain amounts from the bank, insurance policies, and other sources. I would like to understand:
Are we required to report these receipts in our respective Income Tax Returns?
If yes, could you please clarify the applicable section under which this income should be declared?
Are we required to submit any supporting documents for these receipts?

Can I avail sec 54EC (investment in bonds) for LTCG in two ancestral properties sold more than ten years apart?
amount for my share as beneficiary, not exceeding 50 lakhs in each case.

Dear Sir
There are some assessee who have income through Labour charges,like running guarages, furniture contract income and like hair cutting saloon etc., can go to section 44AD (ITR 4), Previously had filed ITR 3 with books of accounts.
Please guide

Suppose on sale of equity shares in F.Y 2024-25
Short Term Profit-Rs 2000
Long Term Profit-Rs 15000
As there is exemption limit of upto Rs 125000 under LTCG, Is it neccessary to mention amount of capital gain in ITR as there will be no tax payable

A manpower company based in Chennai recruits personnel to serve as security guards and for other allied services, deploying them to various government agencies, banks, private establishments, and other authorities. The minimum wages and allowances (Pay plus variable Dearness Allowance) payable to these contract labourers have been fixed at ₹21,000.

My query is: Who is responsible for the deduction and remittance of Professional Tax payable by these contract labourers to the respective Local Bodies? All such labourers fall within the taxable slabs and are therefore liable to pay Professional Tax. Specifically, does the responsibility lie with the manpower company, or with the organization that engages these labourers on a contractual basis?

Hi Sir/Madam,
I am a freelance trainer and conduct online training to students in India and Abroad. Kindly clarify my below queries.
1. Which ITR is applicable for reporting training fees received from abroad. Also I have other incomes like Pension, Interest, Capital gains.
2. Should i fill schedule FA for training fees received from abroad
3. Is this training fees from abroad eligible for presumptive taxation benefits under section 44ADA

Good Evening,
One of my clients received RCM lorry freight value in GSTR-2B. But actually he did not receive any transport service from the particular Transportar. Hence he has to pay the RCM amount now. When i try to reject this from IMS dashboard. There is no RCM entry.How to reject the above transaction? Please Guide me.