Line No-3.
Record Type-Challan.
Statement Type-Regular.
Field Name-Total of Deposit Amount as per Challan/Transfer Voucher Number.
Challan Details Record Number-1.
Deductee/ Salary Detail No-NA
Error Code & Description-T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher'.

do we need to file part C of Form 15CA if NRI received gift from father (Resident) of Rs. 11.50 Lakhs ?

Mr Amit and his two friends Rajesh and Rakesh are planning to invest in Alternative Investment Fund (AIF).
They are planning to invest this amount of Rs 1 crore.
The minimum requirement to invest in AIF is Rs 1 Crore (i.e. 1,00,00,000)
They decided to form “Joint Venture” and open a bank account in the name of “Joint Venture” and collect money invest in AIF.

Income Tax Treatment of " Joint Venture"
Query 1 - Under what head income of Capital gains, interest income and Dividend Income from investments will be taxed in the hands of “Joint Venture”?

Allowable Expenses for " Joint Venture"
Query 2 - Whether “Joint Venture” allowed expenses incurred in earning Capital gains, interest income and Dividend Income from investments?

Tax Treatment of Income Distribution to Members
Query 3 - Under what head distribution of income of Capital gains, interest income and Dividend Income will be taxed in the hands of Mr Amit, Rajesh and Rakesh?

Allowable Expenses for Members
Query 4 - Whether Mr Amit, Rajesh and Rakesh allowed expenses incurred in earning Capital gains, interest income and Dividend Income from investments of their “Joint Venture”?

Deduction under Section 54F for Capital Gains from Investments in AIF
Query 5 - Whether Mr Amit, Rajesh and Rakesh allowed exemption under section 54 F for Capital gains from investments in AIF?
Query 6 – Can the investment in AIF be made in the name of “Joint Venture”
Query 7- Can “Joint Venture” be named in the combined name of three investors i.e. Mr Amit, Rajesh and Rakesh

please let me know as to how to change mobile no to whom the otp goes to while filing TDS return...

I gave Rs12 lakhs to a debtor have gone bad debts.If I inform to income tax department as informant can I receive 20% from income tax as prize money for information.please suggest me the consequences of information on Income Tax portal.

Under High Sea Sales we imported the Goods through Party &
Party issued Debit note for Freight Charge Reimbursed.
There is any applicability of TDS or GST ?.

The Advanced Calculator at Income Tax website (https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator) appears producing wrong calculation pertaining to income details for FY 2024-25 (AY 2025-26).

I request all experts to please guide me how to calculate tax in case of following example, as there is no reliable and publicly available tax calculator online.

Tax regime: Old tax regime
Assessment year: 2025-26
Taxpayer category: Individual
Residential status: Resident
Age: Between 60-79 years (Senior Citizen)

Following capital gains realized on or after 23-07-2024:

1. STCG from Equity mutual funds: Rs. 2,48,000
2. STCG from Non-Equity mutual funds: 1,42,000
3. LTCG from Equity mutual funds: Rs. 1,91,000
4. LTCG from Non-Equity mutual funds: Rs. 2,25,000

FD/Savings Interest: Rs. 2,34,000

Total deductions (u/s 80C and 80TTB): Rs. 2,00,000

Sir,
We are doing the railway projects from maharashtra , request you to kindly confirm us whether, we are paying the directly quarries for projects Royalty Brass TDS applicable or not applicable
Please confirm,

Is TDS is deductible if payment reverse by individual to NRI by filing 15CA?
Code :- s1502

TDS is required to be deducted on foreign remittance for purpose code s1502 and recipient is in Czech republic country?