I have short term capital loss on equity but have long term capital gain,but not able to put brakeup of quarterly loss in Itr 3 due to negative value.

I'm filing my ITR 3 as per my income sources and have a question regarding reporting my professional income.

I have to report my income under Section 44ADA on Sl. No. 62. Computation of Presumptive Income from Professions under section 44ADA, Part A - P & L.

I'm not maintaining books of accounts.

My question is: Do I still need to fill out Sl. No. 64? This section asks for information "IF REGULAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED. furnish the following information for previous year 2024-25 in respect of business or profession-"

Any guidance on this would be greatly appreciated. Thanks in advance!

I have recently sold a propert whose value was more than 50 lakhs. The buyer has not deducted and deposited TDS on sale of property. What are the repercussions for me as a seller?

In case of Joint saving bank account. Can 2nd Holder can declare saving bank interest in his ITR as 1st holder do not file his ITR.

I have less than 3 lakh other income but large LTCG. I also have some derivative loss.

my f&o loss is getting adjusted against other income , not from LTCG. Does the loss gets adjusted from other income before LTCG, even if other income is below taxable value

what entry should pass while closing books of accounts of individual and HUF and transfer to capital accounts

Sir Expert,

please solve my query that what is the Tax rate regarding Crypto currency for purchase and sale of VDA through there platform or simply what tax we have to pay for VDA to govt after we get profit

Either it is 30.4% (4 stand for education cess) that is 31.2% or

flat 30% surcharge 15 of 30% i,e =4.5%, cess 4% of (30%+4.5%)=approx 1.38%
Total=30%+4.5%+1.38=35.88% around 36%
please clerify my doubts and please make the calculation how to calculate it

One of our Debtors has agrees to make us payment like following manner:

Rs.1,00,000/- on 16.08.2025 while giving order to us.
Rs.2,00,000/- on 03.08.2025 during preparation of the product
Rs.3,00,000/- on 01.09.2025 during delivery of goods.

How will I account for those transactions on account of this Debtor and How will I show thee GST part. please advise.

while using ITR on efiling web site, 1.25 lakh is not getting reduced from total LTCG. Full amount of LTCG is shown in schedule SI and 10% and 12.5% tax is calculated on full amount.

e.g.
On LTCG of 4 lakh ( as shown in sch 112A) , tax on 2 lakh @ 10% is shown as 20000 and on 2 lakh @ 12.5% as 25000. The total of 45000 is carried to tax due. 1.25 lakh is not reduced from 4 lakh.

please advise if I am making any mistake in filing

1) The sale with onetime payment is on a future date i.e coming after 10 days when the payment will be credited to the seller. Wanted to fill up 26QB in advance and also to remit 1% TDS. But the system is not allowing to select future dates. So it means I can fill up 26QB on the date of transer of money to the seller?

2) There are two sellers and two buyers having equal shares. For the sale consideration of RS 55 Lakhs(and the stame duty value is also 55 Lakhs) and hence the consideration value for each is Rs 13,75,000/-. So there will be two 26QB forms for each buyer.Is the full value i.e Rs 55 Lakhs is to be shown or Rs the amount due is to be shown? if we give full value and the part amount due get a warning that "Warning : Please enter proportionate share of Stamp Duty Value.". How to proceed?