My ITR for AY 2025-26 (FY 2024-25) was filed on 15.09.2025 as ITR-4 under Section 44ADA by my tax consultant.

Unfortunately, while filing the return:

1. The TDS of approximately ₹37,500 deducted by the buyer u/s 194-IA on sale of my residential property was not claimed in the ITR, although it is duly reflected in Form 26AS/AIS.
2. The return was processed u/s 143(1) on 15.10.2025 exactly as filed and therefore no TDS credit/refund was granted.
3. No revised return was filed before the revision deadline.
4. I also had a Long-Term Capital Loss of around ₹10 lakh on the property sale, which was not reported in the return.

My queries are:

1. Since the omission was in the original return itself, can I still seek rectification u/s 154, or is such rectification not maintainable?
2. If Section 154 is not available, is an application u/s 119(2)(b) the correct remedy for claiming the missed TDS refund?
3. Can the omitted LTCL also be considered under the same remedy, or is that permanently lost because it was never reported in the original return?
4. Has anyone successfully obtained relief in a similar situation?

I have a doubt in ITR-3.

Could you please clarify the difference between Item 61/62/63 - Computation of Presumptive Income and Item 64 - IF REGULAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED, furnish the following information for previous year 2025-26 in respect of business or profession

GOOD AFTERNOON SIR
HOW ARE YOU SIR
The issue is related with the rate of Closing Stock in Tally Prime. Since the basic formula is input less output for closing stock working wherein the rate gets auto generated. Since we want to put our rate for closing stock working. How to change the autogenerated rate with our rate is the main issue e.g. as at 31st March autogenerated rate is 200 but we want to change it with 100 only and only for the day of 31st March. Not only that much but the very next day of 1st April again auto generated rate should reflect as usual.

I am an individual trader having only F&O trading income. My F&O contract/sale value is ₹64 lakh and I have incurred a net F&O loss of ₹1.17 lakh, which I want to carry forward. Will tax audit become applicable merely because I have incurred a loss? If tax audit is not applicable, while filing ITR-3 should I report my turnover as the ₹64 lakh contract/sale value or as the F&O turnover computed as per the ICAI Guidance Note (absolute profit/loss method)? Also, how should I correctly report the turnover and business loss in ITR-3, and which schedules should be filled to ensure the loss is validly carried forward to subsequent years?

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
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

Hi Colleagues,
I wanted to flag a backend coding error I encountered on the live Income Tax e-filing portal for AY 2026-27 while filing ITR-4 for a Partnership Firm engaged in the goods carriage business.
As per the proviso to Section 44AE(3), a partnership firm can claim a deduction for partner salary and interest subject to the limits of Section 40(b).
However, the "File Online" web utility has a mapping bug:
Field E5 auto-calculates the Gross Presumptive Income under 44AE.
Field E6 allows the entry for salary and interest paid to partners.
Field E7 correctly calculates the net amount (E5 minus E6).
The Error: At Field E8 (Income chargeable under Business or Profession), the portal completely ignores the net E7 figure. Instead, it forcefully pulls the unadjusted gross amount directly from E5.
Because the system locks Field E8, you cannot manually override it. The live web schema is essentially treating the firm like an Individual/HUF and disallowing the Section 40(b) deduction in the final computation.
.
I have already submitted a grievance ticket on the portal regarding this schema error. Has anyone else faced this exact issue with ITR-4 online this season? Let me know if anyone found a workaround within the live portal itself!

Thanks,
Srikanth

On uploading correct information, I am getting error - Acknowledgement Number is invalid. How to resolver it. Please guide.

An assessee's total income for the financial year 2025-26 is 2882000 other than income from foreign sources) He not satisfy the basic conditions of prsence in india during the year 182 days and 60days during the previous year and 365 days during the preceeding the 4 years from the previous year. So he will be treated as non-resident. But there is amendment in fy 2020-2021 that his income from indian sources if exceeds 15 Lakhs then he will be treated as resident but not ordinarily resident. But there is exception to this given in section6(1)(A) read with section 6(6)(d) that he is a indian citizen , his income during the fy exceeds 15 Lakhs and he is not liable to tax in any other country or territory by reason of his domicile or residence etc., I want to know if he pays tax for the foreign earnings taxed in foreign is enough to satisfy this condition or for this indian income also if he pays tax in foreign , then only he will be treated as Non-resident?

Sir,
An assessee earning income in the nature of commission (on which tax is deducted under section 194D or section 194H) is generally required to maintain books of account and file the Income-tax Return accordingly.
However, in practice, returns are also being filed without preparing books of account in certain cases, particularly where the assessee also has income from salary, bank interest (including fixed deposit interest), or other non-business sources.

Kindly clarify:
Is there any provision under the Income-tax Act, 1961, or the Income-tax Rules that permits filing the return without maintaining books of account where the assessee has commission income along with salary and interest income?
Is there any monetary threshold of commission income up to which books of account are not required to be maintained?
If yes, kindly specify the relevant section, rule, CBDT circular, or notification governing the same.