AS WE HAVE...JOINTLY..(5 MEMBERS)....HAVE BULDING

ONE OF TENANETS....SOLD ROOM

ON WHICH....RECD......TRANSFER FEES RS-25 LAC....5 LAC EACH


WHERE TO SHOW IN ITR
WHAT ARE THE OTHER DETAILES REQUIRED RO FILE IN ITR

Hello there
Kindly provide a solution on how to treat F and O losses in Income Tax Return.

While computing estimated total income for the PY in which lower deduction is sought, should the TDS that will be actually deducted at prescribed rates (if not for the 197 certificate) be mentioned against TDS?

For example, if its LTCG on sale of property, actual tds rate is 12.5% and tds will amount to, say 5 lakhs. In the income estimation, after computing tax liability,
(i) should this 5L be shown as estimated TDS and show tax refundable as 5L, or,
(ii) TDS be left blank and just show the tax liability for the estimated income?

Should I pay the exact self assessment tax or a little more???. If there is a shortfall as per 143(1) and i pay BEFORE DUE DATE OF FILING ITR, is there any penalty or interest. I AM SENIOR CITIZEN

Dear Sir/Madam,

if TDS deduction under 194Jb then this income show under other source of income or business/profession?
if under which business/profession then ITR-4 can file?
pls guide litter bit about this.

Thanks and regards,

Pratik N Patel

Hi,
Please suggest if the LTCG income from equity is added in Total Income post considering applicable exemption of Rs 1 Lacs or before considering this exemption. Any example supporting the response will be helpful. Thanks a lot friends !

Sir,

I showed my total retiree's pension income under salary. 12 Errors, all same - "Please select nature of exempt allowances option from the drop down of B3 of schedule salary"

All the items under the exempt allowances field have zero value. I tried checking the box 'Any other' with zero value and confirming but on Verification the errors continue.

Please suggest how I could overcome this.

Thanks
Prabhakar

R/sir

Supplier taken TDS against foreign trip for target achivement. and exps incurred by supplier on forign vist and they have debited Rs. 8000/- to our A/c on A/c of TDS 194-R on Rs 80000/-.what should be correct entry in books:
Capital a/c Dr and Cr to Incentive A/c by Rs. 80000/-
or Traveling Exps DR and Cr to Incentive A/C by Rs. 80000/-
or No need this entry in Books
tahnks to all experts for their prompet reply in advance

While preparing my ITR-3 online for AY 2025-26 on the Income-tax e-filing portal, I notice the following issue in Part A – General Information:

I have already filed Form 10IEA (Ack No. 453xxxxxxx, Date 26-Jul-2025) to opt out of the new tax regime under section 115BAC(6).

The portal pre-populates these details, but the field “Do you wish to continue to opt out of New Tax Regime for current assessment year?” is ticked No.

On switching it to Yes, the acknowledgement number and date fields turn blank and field become grey non-editable.

In last AY 24-25, I Opted out New regime through filing form 10AEI. Portal pick up details acknowledgement and date automatically of Last FY 24-25 with ticked "Yes" but in Current FY 25-26 with ticked "No". It's preventing me filing ITR under Old Regime. When I continue it with blank field, and file the form, at the time of submission after verifying return by putting OTP, it throws error that you have opted out new regime by filing 10AEI, please provide acknowledgement no and date in relevant field. Any Solution????

A house is in mother's name. The income from house property is received by her daughter. A Joint home loan was taken by Mom and daughter in which the daughter is the guarantee and she pays the entire loan amount along with interest. Can the daughter claim the income from the let out property and claim the entire interest amount as deduction u/s 24 (b) under new tax regime or old tax regime