House property held by mother and daughter jointly has been rented. Daughter pays the Emi and the rental income is credited in mother's account. Can the mother show the rent income fully in her ITR or it has to be divided as per their share. Please guide
Sir I've filed revised ITR 4 on 02/07/26.I've showed all sb interest,FD int,MIS interest,ITD refund int in IFOS.But in AIS/TIS, post office Sb interest(22427/-) and post office MIS interest(27750/-) not reflecting at all till today.So my reported income in IFOS in ITR is more than amount showing AIS/TIS.Will this cause problem for ITR to be Processed and to get refund?🙏🙏🙏🙏🙏🙏🙏🙏
Can A partnership Firm having turnover of 2.5 cr and cash receipts and payments below 5% declare income under section 44AD ?
Dear Sir,
My Grand father did Investment in financial company in 1985 in Jersey UK. now that company is liquidated and I have received some fund as dividend and big amount of fund as shareholder's stake agaist investment in India . I am resident Indian.
We had intimated to RBI in 1985 about our investment and RBI issued us certificate in 1985 for said investment.
My bank is not crediting fund in my Bank account and asking to submit FC form . I have submitted all document which is proving our investment did in 1985.
I have checked on google FC form is not applicable to me. Just my bank (AD) has to inform RBI about received fund only.
Please advise whot process I have to follow up?
Thanking you
Girish Limbachiya
Dear sir,
when A person take LIC Jivan Kishor policy of 250000/- and premium 6395/- at his age 1 year in 1993 and will mature in year 2027, now a person is recently NRI and no any other income in India. At time of maturity around Rs.750000/- of this policy will transfer to NRO a/c in 2027 by LIC, So tell me can this amount came under TDS or Income Tax? , LIC or Bank can deduct TDS of mature amount at time of maturity ?
A Business Journalist is providing editorial service to his client by editing business news and articles of interest to client's business. He is computing business income under section 44AD since editing is not part of any specified profession under 144AA. Client is deducting TDS under 194JB. His past ITR have been processed by CPC under 143(1). Can AO take a view that he should have computed income under 44ADA and issue notice under 143(2) for AY 2026-27, which return has not been processed yet, and notice under 147 for past 3 years?
Exhibition stall taken in Gujrat state for 4 days from exhibition organiser.
Our unit is situated in Gujrat and in Maharashtra
Exhibition stall party give his invoice in our Maharashtra unit.
Can we avail input of gst on exhibition stall invoice
Which is the right place of supply of service
Which section
What is the tds rate
Sir/Mam,
Last year , Individual senior citizen person income , one consultant incomes U/s.194JA & JB shown in income from other sources and ITR1 Filed and same process.
Now I am having doubts the above incomes where to show and Which ITR form is correct
Thanking you,
Please let me know how to download justification report for FY 2026-27 and password to open the same
Sir,
I have a client with the following facts:
* Trading turnover: ₹12,10,000
* Business income is being offered under Section 44AD at ₹4,00,000.
* The assessee is also engaged in money lending and has earned interest income of ₹2,00,000.
* No books of account are maintained.
My query is:
1. Can the money lending interest of ₹2,00,000 be offered under **"Income from Other Sources"** while declaring the trading business income under **Section 44AD** in **ITR-4**?
2. Or, should the return be filed in **ITR-3**, selecting **"No books of account maintained"**, with trading income under **Section 44AD** and the money lending interest offered under the head **"Income from Other Sources"**?
3. Which approach is legally more appropriate and safer during scrutiny?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Rental income of jointly held property