Hi all,
Can anyone please help me with this:
A minor has capital gain income which is clubbed & shown in his father's income as it's higher than his mother's income.
Is it necessary to register in income tax as authorised representative of minor for clubbing income?
Please note minor has no other income

Dear Sir/Madam,
I am a Chartered Accountancy student and had completed my articleship training in the year 2017. However, as per my records, there is a deficiency of 11 days in my articleship period due to excess leave.
At present, I am employed and wish to regularize and complete the deficient period of training. Unfortunately, my erstwhile Principal has passed away, and therefore I am unable to approach him for the necessary formalities.
I kindly request you to guide me on the procedure to complete the remaining 11 days of articleship and the documents/forms required in view of the demise of my Principal. I would also be grateful if you could advise whether I may complete the deficiency under another practicing Chartered Accountant and the process to obtain the necessary approval from ICAI.

I have Bank Account which is used by me for Transactions related to my Income from Business.

I also have other bank accounts which is used for transactions related to other heads on Income like Income from SaIary,CapitaI Gains , Interest Income etc

When I prepare Balance Sheet and P/L Account for filing ITR 3,whether I need to show bank balances of All Bank Accounts or I can show Bank Balance of only Business related Bank.

Income which is generated in other bank accounts will be shown in respective Income heads

Please guide

Sir,
Can we analyse a person's income from his bank statement.

I am a resident taxpayer filing my return under Section 44AD and have received interest of ₹356 from my NRE account. Kindly clarify whether this interest is exempt or taxable. If it is exempt, please specify the relevant section under the Income-tax Act under which the exemption is available; if taxable, please confirm whether it should be reported under the head "Income from Other Sources."

We have filed Income Tax Return for AY 24-25 against which Income Tax have raised demand after adjusting TDS on Salary. Please suggest the solution for this to avoid tax payment.

"On perusal of the Return of Income filed, you have exercised the option of "Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed. However, the Form 10IEA has not been filed under sub-section (1) of section 139 for furnishing the return of income. Hence, your return of income will be processed as per the provisions of section 115BAC (ie., under the new tax regime) and deductions/ exemptions and tax rates as per the said provision will be allowed."

Hello Sir,

EPFO has paid arrears of Higher Pension and deducted TDS.
However, the TDS has been reported under *Section 192A* instead of *Section 192*, although the payment is pension arrears and not PF withdrawal.
While filing *ITR-1*, the "Tax Paid" schedule allows editing of the TDS section.

The Employees who had filed return before 10 to 15 days with relief U/S 89 , neither they got refund, nor their form 10 E is approved by system. It still shows pending . The reason of pending may be due to TDS not appeared u/s 192.
Kindly advise:

1. Can I change the TDS section from *192A* to *192* while filing the return?

2. Will this have any legal or processing consequences, considering Form 26AS/AIS continues to reflect Section 192A?
3. What is the most appropriate and legally correct approach in this situation?
4. Can i insert feed back in AIS, that information is partially incorrect ? Arrears and TDS is correct only section appears 192 A instead of 192 is incorrect . Please suggest better idea , so that our refund should not delay due to this section error.

Your expert guidance will be highly appreciated.

Thank you.

A partnership firm was formed and obtained PAN and GST registration in FY 2025-26 (AY 2026-27). However, the business did not commence during the year, and there was no turnover or income. Business started only in FY 2026-27 (AY 2027-28).

Query: Is filing an Income Tax Return for AY 2026-27 mandatory, or can it be skipped since there was no business activity or income?

I am a distributor for a company. The company has made a payment after deducting TDS under Section 194R. Do I need to deposit GST on this amount?

Dear Experts,

A partnership firm is selling a property to 3 individuals , out of which 1 is existing partner.

This transaction results in capital gain for the partnership firm. After capital gain tax is paid, can the partnership firm distribute the balance amount to existing partners including to the partner who has purchased the property? Will distributing share of capital gain result in taxable transfer?

Please advice

Regards,