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M AZAR

Is anybody facing just loading for minutes until the website expires if trying to upload Json for F.Y-2024-2025 from Yesterday?


Kawai
26 April 2026 at 06:41

Form 121 & TDS deduction

Can a Bank refuse to reverse TDS deducted, after submission of form 121, during the month, before it is consolidated and remitted to the Income Tax Deptt? Form 121 was submitted before TDS was deducted that day.
Even if Form 121 is submitted after TDS has been remitted, can't the Bank refund the TDS by filing a revised return?


Wasim Sayyad

I am doing swing trading in equity shares and this is my only source of income.
I want to know how my income will be taxed under the Income Tax Act in India:
Will it be treated as business income or capital gains?
If yes, will tax be applied as per normal slab rates or under STCG/LTCG?
If treated as business income, which ITR form should I file?
Kindly guide.


Viral

Dear Sir,

Please, advice to me for TDS Rate for Interest Payment to NRI Director.
Thanks & Regards,


Sayantan Chakraborty
23 April 2026 at 18:54

TDS LATE PAYMENT

IN 4TH QTR OF 2026 DUE DATE OF PAYMENT IS 30/04/2026 IF I PAY TDS LATELY WHAT WILL BE THE LATE FEES ?
EXAMPLE :
TDS AMOUNT 10000
ACTUTAL DATE OF DEDUCTION 31/3/26
DUE DATE OF PAYMENT 30/4/26
I WILL PAY 10/5/26 THEN THE LATE FEES WILL (1.5% x 3) OR (1.5% x 2)
I THINK IT WILL BE 3 (IF IT WILL 2 THEN WHY)


Rajkumar Gutti
23 April 2026 at 14:30

Transporter Declaration form

I heard transporter's declaration form under new income tax act 2025 ( plying, hiring leasing ) for non deduction of tds is required on 200 Rs. Stamp paper and also notarised.
Is it this information is true, if yes, where I get this information in IT rule, 2026 or IT Act, 2025
Please help


Suraj
23 April 2026 at 11:23

Opting our of sec 44AD

Dear Sir,

Mr A is having professional income from the profession as specified u/s 44ADA. He also does F&O trading.

Since AY 2019-20, he has been showing F&O transactions u/s 44AD, declaring 6% of turnover as profit from F&O even though he is actually incurring losses. He earns Rs. 8 lakhs from professional activities.

Now, after 7 assessment years, from AY 2026-27, he wants to show actual losses from F&O activities. Can he opt out of Section 44AD without the applicability of audit?

Kindly guide.

Regards,
Suraj


Suresh S. Tejwani
23 April 2026 at 15:24

TDS APPLICABILITY....../

Whether TDS applicable on business support services ?
if yes then under which section and rate?
HSN code : 00440366


naveen jain

Is an individual having turnover of more than 1 CR in previous year, but assessed under presumptive income scheme, and not subject to tax audit, required to deduct tax on various payments made by him?


Suresh S. Tejwani
21 April 2026 at 17:07

TDS APPLICABILITY......

Whether TDS on business Support Services applicable or not?
if Yes then under which section and rate?
HSN code : 00440366






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