banner_ad

Stephen Arul Raj
This Query has 2 replies

This Query has 2 replies

17 March 2026 at 12:39

Pending Income Tax Refund

Sir/Madam, we had certain expenses disallowed during FY 2017–18 and FY 2018–19. We subsequently filed an appeal and received a favorable order. However, the refund has not yet been received. Kindly guide us on the procedure to obtain the pending refund.


Venkatesan V
This Query has 4 replies

This Query has 4 replies

Hello All,

Have entered into an agreement with a buyer to sell my apartment jointly owned by me and my wife. The agreement done on 20th Feb is not registered but was mutually agreed to be completed in 30 days.

The only thing i am particular was to complete the sale deed registration before this Financial year 31st March 2026.

The buyer (he is actually known to me) says he actually wanted to complete the sale before 15th March as somebody says it is not auspicious to complete sale in month "Phalgun"?

Now there is some delay in his loan processing and some EC Index correction (minor detail in Encumbrance is typed wrong due to data conversion but sale deed is clear ) , which would mostly be done in a 1-2 days.

Buyer says he can make his part of payment this Month ,by issuing two cheques in the names both of us, and the loan part will given in a bankers cheque only to a single name at the time of Registration.

( received an answer earlier from an expert that there is no Capital Gains in this sale)

I would like to know what are the Tax implications , ITR filing issues (or any other issues )
a) if i received his payment part and Bank Loan part in March and Sale deed registered in March itself.
b) if i received his payment part in March and the Bank Loan part in April and Sale deed is registered in April.

Thanks


Reena
This Query has 1 replies

This Query has 1 replies

17 March 2026 at 11:15

ITR filing - belated filing

Sir/Madam

ITR to be filed for refund purpose for the F.Y 2021-22, 2022-23, 2023-24, 2024-25.
can we file now and get a refund.



Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

sir,
A partner ship fim pan and tan applied and alloated previous 15 years but tan number missing
question:
TAN number missing search procedure.


bhavani P
This Query has 1 replies

This Query has 1 replies

16 March 2026 at 15:10

About Exgratia bonus

Dear sir/ madam...
1.my pay slip does not contain Ex gratia payments and Employer PF and Employee gratuity contributions, but my Annual salary statement has these elements...now i'm calculating tax under new regime, i have to take all these elements into tax calculation or leave all the three or to take what element...
2.If my income is above Rs.12,00,000 after standard deduction, i have to take rebate of 60k and pay balance amount of tax or total tax to be payable.. please help me...


M AZAR
This Query has 1 replies

This Query has 1 replies

I have sold a property for which I have only Capital loss. If I report it in ITR U it doesn't allow filing. The reporting of loss is merely for informing the government the loss and not to receive the benefit of adjusting the loss for future gains. other than showing a small minor gain and filing the ITR is there any other option? Kindly advice. Thanks in advance.


Rajkumar Gutti
This Query has 2 replies

This Query has 2 replies

14 March 2026 at 12:03

Lifting and cross charges

Transporter charge freight 1000
Lifting charges , 500
Cross charges 500
Sub total 2000
SGST 180
CGST 180
Invoice total 2360
In above 1000 is transporter's own service.
And lifting charges & cross charges service is obtained by transporter from other parties. Lifting & cross charges service invoice is in the name of Transporter. The same expenses and gst component transporter recovered from us. There is no additions.
( reimbursement invoice is in transporter name, not our name)

My Question -
Is tds required to deduct on reimbursement expenses.


ABHI KUMAR
This Query has 1 replies

This Query has 1 replies

14 March 2026 at 10:13

HOUSE LOAN REGARDING

We purchased a house plot by taking a home loan in the financial year 2025–26 and are currently repaying the loan. How will this be treated under Income Tax? Will we get the benefit of the interest and EMI paid in Income Tax?”


Ankur Aggarwal
This Query has 2 replies

This Query has 2 replies

13 March 2026 at 19:27

SSY for 2 daughters

Hello,

I have 2 daughters and want to open SSY for both of them. The yearly deposit limit is 1.5L per child. I have the following doubts:
1. The yearly limit of 1.5L is for both the daughters if only 1 parent is paying for their SSY's ?
2. Suppose, I pay for 1.5L for 1 daughter and similarly for the other, and i am the legal guardian for both, then does this 3L deposit violate the 1.5L yearly limit ?

Thanks in Advance.


Venkatesan V
This Query has 2 replies

This Query has 2 replies

Hello All,

Myself a Senior citizen and my wife age is 56 years.

we both have income only from Fixed Deposits, Mutual Fund dividends and Savings bank interest. Earlier years we were giving Form 15H and 15G for not deducting TDS.

Last year, since the total income for each of us comes around 5 — 6 lakhs, one deposit company said we are not eligible to submit Form 15G or H, so we did not give the forms and TDS was deducted and refund was Claimed in ITR

Now it is said that in the NEW IT rules, Tax will be ZERO for income uplo 12 Lakhs.

Can we File the new Form 121 this year because the Tax upto 12 Lakhs is zero OR we are still ineligible to give Form 121 as the Income for each of us is more than 5 lakhs.

please clarify






CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details