Venkateshwarlu Pulluri
This Query has 2 replies

This Query has 2 replies

one NRI get transferred own fund from his own Indian account to his foreign US Account, without any approval of Income Tax Department, but bankers made tds there on, is there any problem or controversy by doing this, kindly guide what to do now


HIRENKUMAR
This Query has 1 replies

This Query has 1 replies

10 August 2026 at 18:05

CBDT RESOLUTION NO & DATE

res sir
Corrections or filings for 5-year-old 24Q and 26Q returns cannot be processed; please provide the CBDT/Income Tax resolution number and date regarding this matter, if known.


Vishal h
This Query has 1 replies

This Query has 1 replies

09 August 2026 at 23:35

PAN from DIN

Hello, is it possible to get PAN from DIN


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

sir,
one income tax payer running a private hospital year income estimated rs:3 crores but some patients treatment in hospital after amount received from health care trust
example patients treatment bill amount rs:3 lacs for some expenses paid food and travelling etc value rs:50,000/- for month june-25 treatment amount form healthcare trust recieved rs: 3 lacs for the month of august-2026 tds deducted amount received date.Question:hospital above transactions show procedure in account books treatment and accounting entry passed procedure for income tax purposes and expenses paid and income transactions show procedure year 25-26 or 26-27 correct procedure


Sanjay Budhiraja
This Query has 3 replies

This Query has 3 replies

09 August 2026 at 16:17

Purchase of property from NRI

Hello all experts
Pl advise. I want to purchase a property from NRI. He is OCI card holder living in USA but he is not having PAN no and account in India. Is it possible. His mother is a holder of POA to sell. In whose account i shall transfer sale consideration amount. And how much TDS should I deduct after making payment.
Regards


Allauddin Patel
This Query has 1 replies

This Query has 1 replies

My question is
Do we need collect tcs if we sell our old ginning machinery as scrap ??


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

If the tax demand has been fully paid, but the interest amount was not paid, can the refund arising in the subsequent financial year be adjusted against the outstanding interest liability, or will the refund be credited to the taxpayer's bank account?


Qamar Alam
This Query has 2 replies

This Query has 2 replies

I can see an entry given by HDFC bank, as SFT 005
it is like I open a 48 lakh TD and got back 68 lakh within same year,
how can hdfc give 20 lakh interest in one year, it is like hdfc started paying 20-30 % interest.
this entry looks huge and bizar, but there is no entry for my FnO turn over,
I am confused if it is some how linked with FnO turn over but reported incorrectly
I also confused because I keep doing FD and pre-mature liquidation but still such a huge interest is beyond my understanding


Shankar
This Query has 1 replies

This Query has 1 replies

08 August 2026 at 19:08

Trust case

Trust registered u/s 12A sold Equity mutual fund for Rs.10 lakhs on 25.03.2026 which was purchased on 12.1.2022 out of corpus fund for Rs6,00,000.
On 25.03.2026 Trust purchased another Mutual fund for Rs.10,00,000 ( means net consideration on sale of mutual fund was reinvested )
ITR 7 It was entered as followes:
Schedule AI – Sl. No. 8
Income other than Donation referred in Sec. 10, 11 & 12
Net consideration on transfer of Capital asset 10,00,000
Schedule A – Sl. No. 11
A. Expenditure of the trust/institution:
- Cost of new asset [to claim Exemption u/s 11(1A)] 10,00,000

My question is, is it needs to be entered in Capital gain Schedule also ? if entered in capital gain schedule it is showing as taxable income but in fact it is not taxable as it is reinvested in another capital asset please answer


Yasir
This Query has 1 replies

This Query has 1 replies

08 August 2026 at 08:08

Amount Received in Trust Account

A Person Wants to transfer Rs 50 Crore In Newly Set Up Trust. What is tha tax treatment of this amount in trust itr
Trust has no 80 G Registration






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