I have worked in 2 companies in a FY , and got HRA from both , however due error in the presentation my entire HRA is disallowed as per sutomated computation and demand raised for the same . can any one help me what is the correct way of presentation in schedule 'S'with example that Emp 1 salary - 10 lacs , emp 2 - 12 lacs and total HRA 3 lacs ................regards

I have short-term capital gains of ₹1,37,600 from selling US stocks. I also have carried-forward losses from previous years:
Long-term capital loss of ₹1,23,619 and
short-term capital loss of ₹24,248.

As I fall under the 30% tax slab, do I need to pay tax at 30% on ₹1,37,600, or can these gains be set off against the carried-forward losses.

Assessee has received notice u/s 133(6) for submission of information in connection with his vendor for Fy 23-24
Assessee has expired one year ago. his income tax account is active.

My question is
Now the reply will be signed by whom ? Any documents need to be enclosed re demise of the assessee ?

I had filed a rectification request so that I could claim the TDS which I had not claimed in. AY 2024-25, but i received a demand order becauseof rectification i have done, I have been given a demand for the amount of refund that I had received.

I had claimed TDS of Rs 4680 and the total TDS was Rs 7260 out of which Rs 2580 was not claimed because that TDS amount was uploaded in the portal by the deductor after filing our return. I filed itr4 and tds deducted US 194J.
When we filed for rectification, we were given a demand for the same amount as the refund we had received.
What should I do?

Indian Citizen employed outside india in a foreign ship. During FY 2025 26 his estimated days in India will be exactly 182 days. So to reduce it below 182 days can he travel to short trip vacation outside India for 2 days. His indian income is below 15 lacs.

Hello Sir,

I have a query on Income tax treatment on PF full withdrawal for early retirement.

I had taken retirement at the age of 51 and currently i my age is 54. I had not withdrawn PF so that i can continue to get PF interest for past 3 years in my PF account.
I am getting around 6 Lakhs per year as interest so the past 3 years the interest accumulated is 18 Lakhs.
If i withdraw PF balance, will the interest of around 18 Lakhs for past 3 years after my retirement is taxable of it will be tax free on withdrawal and it will be taxable only if i further invest PF amount to various places.

Thanks
Rajesh

Dear Sir,

My query is as follows:
In December 2017, Mrs A decided to sell her flat for Rs. 50 lakhs.
Out of this, she received Rs. 10 lakhs. She entered into an agreement to sell the flat on 18-12-2017, and the buyer paid the stamp duty of Rs. 302700/- and registration charges of Rs. 30000/- on 18-12-2017, and agreed to pay the balance Rs. 40 lakhs in January 2018.

As decided, the buyer paid Rs. 40 lakhs, and the deed of assignment was registered on 20-01-2018, with stamp duty of Rs. 100/-.

So, my question is, for capital gain calculation purposes, is the date of sale the date of registration of the agreement to sell (i.e. 18-12-2017) or the date of the deed of assignment (i.e. 20-01-2018)?

Please guide.
Thank you,
Suraj

I want to know which AI is most helpful to generate replies for the income tax assessment and scrutiny notices.

we tio file ITR FY 2024-25
26AS shows cash withdrawal in section 194NF
AIS shows cash withdrawal in section 194N
generally 26AS ,194NF CPC will add the amount as income
how to proceed now
pl advise us

Namaskar Sir/Madam
My brother is an OCI card holder with a PAN He has does not have an aadhar card and has not filed returns in India for the last 30 years. His PAN is active but in inoperative state
Since he cannot get an Aadhar since he is not going to spend 180 days in India, how can he make his PAN operative
He wants to sell his house and wants to pay the applicable Capital Gains Tax @12.5
Can you kindly advice pls ?
Thanks