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?

Hi,
if HO receives invoices for services like AC/Fire/Security AMCs, Rent, Printers on rent, Internet, and Telephone, can ITC be retained exclusively at HO? Or is ISD mandatory under amended Sec 20? Does exclusive physical usage at HO allow 100% direct ITC claim at HO without ISD distribution?

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/Mam,

GST notices issued on Sept 2025 Order passed October 2025 Ineligible ITC Reversed in Annual return through DRC 03 at the time of filing annual returns and Gst department issued notice regarding this, Unaware of this notices we are not replied for this notices, demand raised for Ineligible ITC reversed and account freezed.

When we asked department regarding this we are unaware of notices, they said go to court and deal this.

Can we deal this through gst portal

What is the procedure to deal this ?

Thanking you,

What is the CPC and SAC code for the following services for a SEZ Unit
1. Back office Operations with Data Processing and Software development IT & IT enabled services
2. Document Scanning, preparation and other specialized office support services(Document Digitization)

Regards
Nirmal

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.