I had 10 shares of a listed company for more than a year. Hence the sale was eligible under LTCG.

I placed Delivery based order to sell the same. It was executed.

Later for the same quantity i placed Delivery based Buy order which was also exeucted.

However the trading acccount shows the gain as speculative gain and not under LTCG.

It seems that as the broker has executed the orders on intra-day basis (though both the orders were Delivery based).

Stock broker or Stock exchanges may adopt different method for squiring off transactions. But how can it deviate from the principle of FIFO?

Request tax experts to clarify.

i am having one residential flat. i want to purchase new flat for taking the benefit section 54f in income tax keeping old one . means two properties will be in my name.
can I take benefit of section 54F ?

Kindly suggest can we claim exemption of epf interest and gpf interest in 10(12) accumulated on epf balance if employee service more than 5 year continuously and balance is greater than 10 lacs in Ay 2025-26 ????

By mistake while filing 3B we forget to give effect of Credit Note received from supplier. (FY 2021-22 & 2023-24) But same is not utilized against any GST liability.
We realized in month of June 25. My question is can Department charge Interest on wrong ITC claimed... I am reversing Excess claimed ITC

I bought house for 641000 and filled 26QB with below values.
Amount paid in previous instalment - 3947100
Amount paid currently - 2453900
Stamp Duty value - 160000
TDS Amount - 64000

But now seller is complaining in 26AS, he can see only 24530 which is of current instalment, He is not able to see 394710 for previous instalment. previous What could be reason? Any help appreciated.

I am owner of plot of land. I have gifted this plot of land to religious trust without consideration, whether this transfer is chargeable to tax ?? if yes what shall be sales value ??

Sir, I am registered as a taxpayer on the Income Tax portal (e-filing) But I am not Filled yet any ITR I am only registered this portal for addhar pan linking . So can this registration also disqualify me from the Ladki Bahin Yojana?

Respected Colleagues,
if a person moves to abroad and for above 182 days being a NRI as per IT act, then all the savings accounts in India is mandatorily convert into NRO account? if person not able to do so, then consequences? #

I have deposited TCS against purchase of a residential property. Can I claim refund of that deposit while filing my ITR?

If Yes, where should I show that deposited TCS? "Advance Tax"?

Can Proceedings under section 147 can be initiated without giving opportunity of being heard via giving show cause notice u/s 148A?
If no whether there are any favorable case laws ?