I have filed a GST Refund for Export of Services with Payment of Tax and the status is `Bank account validated` since more than 2 months. Can someone tell me the possible reason behind it and any action that I can take to make it proceed further?
Thank you

Mr X has sold property in FY 2023-24 and long term capital gain is there. He wants to claim exemption u/s 54 but amount till date not invested in any property ...he wants to invest in CAPITAL GAIN ACCOUNT SCHEME for the time being to purchase the home later. Then how to show it in ITR and under which section?

1.In which section can we claim exemption on capital gain for sale of residential plot under sec 54 or 54f.
2. Residential property purchase for claiming exemption can we add stamp duty paid and cost of improvement in it .

I had HP, other sources and CG income..... STCG 111A taxable@15%...system is allowing to take rebate of ₹25000 but this is wrong as rebate is not applicable on STCG 111A.... should I take 87A rebate to reduce tax liability from 45000 to 20000 , when intimation comes later I will pay tax...

Sir, I have a Partner ship firm where in I have done turnover of Rs.1,20,00,000 all of which is only banking mode, and there is a cash expenditrue to the extent of 1% of the above turnover. I have made a financials also. ie profit and loss and balance sheet. Proft is Rs.45,750, hence I hope, I can fit this income tax reutrn udner the subject provisio's and can file the return. Am i correct, kinldy advice

Got this message after filling ITR if defective return
You have filed your income-tax return in form ITR-4. As per TDS details in your Form 26AS, taxes have been deducted under sections

1941A/194IC/194S/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94S/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-4 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-4.

In 26AS TDS is deducted under section 194jb and 192B

Error Description
You have filed your income-tax return in form ITR-4. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194S/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94S/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-4 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-4.

Dear All,

Good Morning.

If an employee having salary income gets a professional fee from the same employer, the TDS deduction on whole amount (both salary and Professional fee ) should come in the purview of 192? or professional fee can be deducted @10 a% and salary under 192B?
Is there any mention in act for the same?

A, having income from profession has chosen old tax regime for assessment year 2024-25. Can he switch over to new tax regime in future?
Can he exercise the option ONCE to go to New Tax regime in future?

Do we need to show purchase of vehicle in ITR.
if yes, where...

Thank You