Experts Query Daily Digest :18 August 2025

sudipta malakar

18 August 2025 at 05:13

Posted On : 18 August 2025

Setting of short term capital loss

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.

Biswajit Das

18 August 2025 at 01:16

Posted On : 18 August 2025

Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?

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!

deepak parashar

18 August 2025 at 00:54

Posted On : 18 August 2025

Repurcussions for seller due TDS on sale of property

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?