Hi,

An assessee has income from other sources - Rs. 6.2 lacs and LTCG from sale of equity oriented MF units - 1.60 lacs. The assessee can claim 80C, 80D & 80TTA deduction tottaling to Rs. 1.65 lacs via old regime.

Since LTCG u/s 112A is not taxable upto 1.25 lacs and if assesse opts for old regime and claims VI-A deductions of Rs. 1.65 lacs, his total income will be below Rs. 5.00 lacs, will he be eligible to claim rebate u/s 87A under the old regime?

Thanks
Niki

Dear Sir,

One of my client has sold his mutual funds in fy 2024-25 and invested that amount in purchase of property in May 2025. He has received OC of that property in July 2025.

The sale agreement was made in the year 2019 but due to covid the work was started late.

My query is will he get the capital gain exemption on LTCG gain in this scenario. Please help me in this matter.

Regards,
Divyesh Jain

Sir,
Someone please suggest
My wife had a share in her mother's property
Which was got registered by her brothers in their name. Now they agree to give her share.
Should we make gift deed or sharing agreement papers to save income tax.
Thanks

One of my friend has started consultancy services. He is receiving professional charges from corporates after deduction of TDS. He is also having house property loss.
Please inform me the required ITR form for filing IT return.

My question is ..
Can old ginning machinery sell as scrap and if we sell ginning machinery as scrap then what goods name and hsn should we mention in our tax invoice ?

Respected Experts plz guide
A business quarterly filer missed to file GST returns since 2023-25 Q4 onwards and his GST no suspended in Aug 24. Now when we checking it on GST login portal only. It's showing option to file GST returns till Q2 of 2024-25. Further Q3 and Q4 of 24-25 and Q1 of 2025-26 not showing.

Assessee will purchase machine in India and will give the same on rent to client in Dubai.
He will charge rent to Dubai Client and will receive money in foreign exchange

My question is whether GST is applicable on Rent received ?

As said above

Pls guide how to download 26AS for A.Y. 2007-08. From Income tax portal we are able to download 26AS from A.Y. 2009-10 onwards. But for A.Y. 2007-08 it is not available in Income Tax portal. Can anyone help me to download 26AS i.e Annual Tax Statement u/s 203AA from any other site?

Sir
supplies in fy 2024-25 was Rs 4.32 cr(without gst) should we need to get audited account by ca for gst audit?
AND under income tax need to get audited in above case?????
please advise