Sir,
A resident Individual is having RD a/c of post office. During tenure of RD a/c he was reporting accrued interest of RD on estimated basis in his Yearly ITRs. But Post office does not credit RD a/c on yearly basis as per its practice and also does not deduct TDS.. It credits the total interest amount only at the time of maturity of RD a/c. That is the point of mismatch..
While preparing ITR of closing year of RDa/c, when individual noticed this mismatch, he reported in the " Feed Back" of interest amount which he had already shown on estimated accrual basis in ITRs of earlier years on year-wise basis respectively as " Relates to earlier years " to reconcile the total interest in the last year of maturity of RD a/c.
But when this feed back was forwarded by AIS utility of ITax Dept to PO , it has replied back by PO that "Feed back is incorrect.."

Hence the following queries :-

1. Is individual right with reporting of accrued intt of PO- RD a/c on yearly basis and then balance of interest in the last year of maturity of RD ?

2.Will he face any problem when source i.e. PO has reported that "Feed back is incorrect" ??

3.Can he still file ITR as per his scheme i.e. " Total Interest Rs 8 Lacs - Accrued interest already reported Rs 6.10 lacs " with net interest of Rs 1.90 lac for year of closing of a/c on maturity i.e FY 2023-24 even after negative reply from PO " Source", ???

4. Can he write in description of ITR at relevant column, that he had already reported portion of Accrued Interest to extant Rs 6.10 Lacs in earlier relevant years. ????

Pls guide on above.

SUPPOSE SOMEONE HAVE RECEIVED 22 LAKH IN A SINGLE FINANCIAL YEAR FROM SALE OF PROPERTY, AND VIA UPI THE ENTIRE AMOUNT HAS CREDIT HIS/HER SAVING BANK ACCOUNT IN A SINGLE F.Y. BY 12 TIMES INSTALLEMENT, AND WITHDRAWL AS CASH IMEADIATE ABD INSTANT FROM THERE.

NOW QUESTION IS THAT, HE/SHE IS A SMALL BUSINESS PERSON, CAN HE/SHE GET ANY INCOME TAX NOTICE OR FALL UNDER ANY QUESRIES...?? ACTUALLY HALF OF THIS AMOUNT HE/SHE UTILISED ALREADY FOR CHILDREN TUTION PURPOSE AND KEEP SOME INVESTMENT.

NOW HOW TO AVOID TAX. PLEASE GIVE ME ANY SUGGESTION.

"In Schedule OS/ Schedule El, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP."
"Kindly ensure that dividend income mentioned in schedule OS or schedule El should be equal to dividend income reduced from Schedule BP."

i have included the dividend income in "Profit and Loss" 14 (iii) and Schedule BP A3? .
even after that the issue is OPEN and not resolved

Sir/madam,
1) My client is a salary person. he has an income from capital gain And also he has an income from future and options (F n O)and online trading (intraday trading). He will file ITR by ITR-3 . Now, He wants to filing his income tax return under old tax regime.Then , is form-10IEA for applicable for salary+capital gain+ future and options+ intraday?
2) if, any salary person will file by ITR-2 in old tax regime ,with Mutual fund capital gain income, then is there need to file form-10IEA?

Suppose if i sell a plot/house property in June 2024 and want to buy new house property in February 2025. Should i have to deposit the capital gain in CGAS scheme before July 2024 or July 2025 (at a time of itr filing)?

Actually i do not want open capital gain account so when can i buy new property without depositing mony in capital gain account?

Sir,
Assessess Gift income from specified relatives exempt under new tax regime or not.

Person is farmer he has fixed deposits ( 11 Lakh Rs. ) in bank and TDS Deducted on Interest income

My question is Agriculture income is Exempt income So if i only Show interest (interest on deposits ) income
in ITR and Skip agriculture income (Because of Exempt Income ) then this is correct way of showing income of farmer or i need to Show Agriclture income in ITR

I have F&O profit which I mentioned in ITR3 "Trading Account"
I also have dividend income which I mentioned in Schedule OS

When I try to submit the json online, it gives me this message:
"In Schedule OS/ Schedule El, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP."
"Kindly ensure that dividend income mentioned in schedule OS or schedule El should be equal to dividend income reduced from Schedule BP."

Is it mandatory to include the dividend income in "Profit and Loss" 14 (iii) and Schedule BP A3?

I didn't have to do it last year.

Should I do the same for interest income?
Although there is no such error for interest income.

I have income from salary (government service). I have sold one plot in January 2024 and capital gain of 41 lakh invested in capital gain bonds in July 2024. Which ITR, I need to fill and how to show it

Please Guide: TDS Under Section 194Q:

Threshold limit for TDS Deduction Under Section 194Q is 50 Lacs.
1. 50 Lacs to be considered is basic amount or total bill amount with GST?
2. TDS to be deducted on balance amount exceeding 50 Lacs once 50 Lacs limit is crossed or on
total purchase amount.
3. If there are transactions of sales and purchase from same party then when to consider the 50
lacs threshold limit (Total of sales & purchase both) or only purchase amount.