Respected Sir,
I have Filled ITR 3 For A.Y. 2024-25 For Salaried Person
Declared income
Salary income after standard deduction 4,92,000 and Claim 90,000 F & O Loss
and one More other income i.e. small Business income of Rs. 2000 (10,000*20% u/s 44AD)
So Net Taxable Income For A.Y.2024-25 is Rs. 4,90,000 and 88000 loss of F& O carry Forward

My question is for A.Y. 2025-26

F & O loss is 1,50,000 so for claiming Loss audit is Mandotory or not because Prevoius year i have declared small business income u/s 44ad and also that income declared under 44ad is not related with F & O business

Respected Members,

I am trying to claim benefits under section 80U, and filed form 10IA.
However while submitting receiving following error -

Error: SCHEDULE80U_F10IA_2025_004 - Please ensure that correct acknowledgement number of Form 10-IA are entered in Schedule 80U for claiming deduction under the said section.


Any help would be greatly appreciated.

BEST REGARDS
Abhishek

SHOULD I ENTER MORE THAN ONE OPTION IF I HAVE GAINS FROM 1. PRIMARY-PROFESSION +2. TRADING IN STOCKS IN DELIVERY AND SPECULATION (STCG AND LTCL) IN ITR3 FOR "NATURE OF BUSINESS"

We are delivering the following items to customers from different restaurants and shops on the basis of the orders received through an online platform.
1. Restaurant food
2. Confectionaries from bakeries
3. Grocery
4. Fish and meat
Since the firm is started its business this financial year and before filing the first GST return, I would like to have clarification in the following matters. We are acting as an intermediary only to collect and deliver the ordered items given by the customers. The selection of supplier and items are completely limited to the choice of the customer.
1. The entire amount including delivery charges are collected by us and the amount due to the supplier will be given back to them.
2. We are eligible for a profit margin from the amount due to the supplier.
3. The entire delivery charges are retained by us.
Kindly advise the tax treatment on GST for the above model of business.

WHAT IS THIS SECTION 115JC

SCHEDULE AMTC - COMPUTATION OF TAX CREDIT UNDER SECTION 115JC
1 Tax under section 115JC in assessment year 2025-26 (1d of Part-B-TTI) 1 0
2 Tax under other provisions of the Act in assessment year 2025-26 (7 of Part-B-TTI) 2 19,914
3 Amount of tax against which credit is available [enter (2 – 1) if 2 is greater than 1,
otherwise enter 0] 3 19,914

Hi, individual who sold his building for 2,50,00000 but it's cost value 1,43,00000 can I book the profit for the difference amount or credit capital account

Indian resident selling his foreign co shares to an OCI (Indian - American) receiving the consideration in Indian Rupees from the OCI's bank account in India. Is there any RBI norms required to be followed by the seller of the shares (Indian resident). on income tax angle Seller is ready to pay his capital gain tax on sale of shares.

Partners A & B are running a registered partnership firm named ' ANT', they opened a new Bank account in the name of the firm 'ANT' , after a year Partner B decides to retire and new Partner C is inducted to run the business .

please let me know if the old Bank account needs to be closed and new Bank Account for 'ANT' to be opened due to this Partnership change? most of the Bank Managers have said the old Bank Account ot be settled and new Bank account to be opened . but i cant find this law anywhere is there any RBI guide line or Law in Partnership Act , why is this done .

We have multiple branches in all over india. Our Head office is in Gujrat. We prepared one consolidated Balance sheet, profit and loss account
Under GST law each branch balance sheet, profit and loss account is required?

HII!! TURNOVER LIMIT OF 2CR AND 3CR UNDER 44AD IS INCLUSIVE OF GST OR EXCLUSIVE OF GST??
HOW TO CALCULATE TURNOVER ??