I am traveling from flight from kolkata to Coimbatore and vice versa . I have booked flight by giving my gst no . Can I claim input tax credit of gst charged by airlines and airlines showed that in gstr returns.please clarify with examples now.

Dear Sir,
I have initiated online EPF transfer using UAN portal from EPFO to my company trust. Claim was settled on 23 April but Trust is showing the credit on 8 May. EPFO has paid interest till 31st Mar and on raising grievance to EPFO, they said, Trust should interest from 1st April onwards. But Trust is showing credit date on 8th May, although transfer actually happened in 23 April. As transfer in amount contains my entire service life's EPF amount of 25 years, I'll lose out approximately 59,000/- per month in interest at present interest rate of 8.25%.
In these circumstances, who is responsible for paying interest for the month of April?
Also, raising grievance on EPFO, they point to connect with company Trust and company trust does bother to respond. Please advise what can be done under this situation.
Warm Regards,
Sujit Dey

Dear Experts & Members,

I am seeking your technical insights on a client tax computation for FY 2025-26 (AY 2026-27) involving a mid-year job switch and a let-out property.

Here is the anonymous summary of the facts:
Client Summary & Income Details:

Employer 1 (Resigned Mid-Year): Gross Salary ₹11,24,960 (Includes Leave Encashment ₹1,10,180 exempt u/s 10(10AA) & HRA ₹2,02,958). TDS Deducted: ₹1,24,817.

Employer 2 (Joined Mid-Year): Gross Salary ₹27,15,326. TDS Deducted: ₹3,86,983.

House Property (Let-out): Gross Rent Received ₹96,000. Interest Paid on ICICI Home Loan u/s 24(b) ₹8,56,044. Net Loss: ₹7,88,844.

Chapter VI-A Inputs: Sec 80C Principal ₹1,55,230, Sec 80D Self/Spouse ₹25,000, Sec 80D Senior Citizen Parents ₹47,000, Bank Savings Interest ₹3,438, STCG on MF ₹2,406.

Residential City: Pune (Non-Metro).

Current Tax Working & Issue:

New Tax Regime:

Taxable Income: ₹36,60,950 (Gross Salary ₹38.40L less ₹1.10L Leave Encashment, ₹75k Std. Deduction, plus ₹5.8k Other Income).

Note: Home loan loss is capped at ₹0 against salary income under the New Regime (only offsets rental income down to zero).

Total Tax Payable (incl. Cess): ₹7,05,416

TDS Already Paid: ₹5,11,800

Net Outstanding Payable: ₹1,93,616

Old Tax Regime:

Taxable Income (after ₹2L House Property Loss set-off + ₹2.25L VI-A deductions): ₹32,60,510.

Total Tax Payable: ₹8,22,279 (Higher by ~₹1.16 Lakhs compared to New Regime).

Queries for Members:

Minimizing Net Liability: Is there any legitimate tax-saving angle, exemption, or reporting mechanism under the New/Old Regime that we might be missing to bridge this ₹1.93L tax gap?

HRA Optimization (Old Regime): Since she was living in rented accommodation in Pune during her tenure at the first employer, if rent receipts/agreements are introduced now, would the Old Regime become competitive against the New Regime? What threshold of HRA exemption would be required to break even with the New Regime savings?

House Property Loss Strategy: Is opting for the New Regime to save ₹1.16L immediately better than taking the Old Regime to carry forward the remaining ₹5.88L unabsorbed house property loss for future years?

Looking forward to your valuable opinions and suggestions.

Thanks & Regards,

Fellow Professional / Member

can anyone share offline uttilty tool for tds return for foe tax year 2026-27

Builder has deducted TDS on rent paid on reallocation on account of redevelopment of building u/s 194IC as joint development agreement resulting in capital gains income.
However this is not capital gain and this rent is not taxable under income tax act.

My question is how to claim tds as prepaid tax and show this rent income as exempt u/s 10 because there is no specific sub clause u/s 10 to show this.

Hi,

I was a partner in a partnership firm and rendered my resignation on 31/03/2026. The firm has incurred business income in FY 25-26 but tax audit does not apply to it.
What will be due date for the firm and for me as an individual for ITR Filling FY 25-26?

Thanks

I am planning to incorporate an LLP in Gujarat to operate three distinct, non-related business verticals: a Travel Agency, a Cloud Kitchen, and an E-commerce business (Selling products on Amazon/Flipkart). All three will be managed by the same partners under a single parent entity.
My accounting firm has advised that it is not legally possible to run such non-related businesses under one LLP and recommends incorporating three separate LLPs instead.
I need clarification on the following:
1. Is there any specific provision in the LLP Act, 2008 that prohibits a single LLP from carrying out multiple unrelated business activities if they are all explicitly mentioned in the Object Clause of the LLP Agreement? [1, 2]
2. If I include all three activities in the 'Main Objects,' will the MCA (Ministry of Corporate Affairs) typically reject the incorporation for lack of interrelation? [1]
3. Operationally, can I use a single PAN to obtain multiple GST registrations (different vertical-based GSTINs) for these distinct activities under one LLP? [1]

Hi,

i downloaded capital gain statement...in that therez one equity derivative and equity (STT paid) sheet...do i have to mention derivative amount anywhere in ITR??

I am preparing ITR for Housing society, i have the following question..
The society Have only Maintenance charges receipt and having deficit of 20k. i have shown the receipt and expenses in p&l section in ITR5.. for the deficit of 20k, where can i show this in ITR?. .. i am using genius software

One of My client is NRI and she just started working as an Insurance advisor.
So we have to file income tax return same as we file RI.
Same format Profit & loss and balance sheet.
can claim expenses ?
anything particular thing to make sure before filling.