Dear All,

The assessee has declared his income last year and filed form ITR 3 as there was a business income declared U/s.44ADA. He has GST number also. However, in last financial year (2023-24 AY: 2024-25), he does not have any business income. His income comprises of bank interest and long term Capital Gain.
Which form he has to use ITR 2 or ITR 3? As old regime is beneficial to him, question is can he file ITR 2 where opting for Old regime is simply by selecting while filing return? Or he has to file form 10-IEA and ITR return 3?

Please advise.

Thanks and regards

पति और पत्नी के नाम संयुक्त संपत्ति पर किराये की आय को आयकर रिटर्न में पति और पत्नी के नाम 80% और पत्नी के नाम 20% क्या दिखा सकता है जबकी प्रोपोर्टी में कोई अनुपात नहीं है

What is weight to be taken for Lorry while computing income under section 44AE, Whether Gross Vehicle weight is to be taken or Unladen weight is to be taken?

Dear Sir / Madam,
My query is as follows:
Mr A sold equity shares of listed companies and earned Long term capital gain of Rs. 275,000/- (Sales value Rs. 15 lakhs). He purchased a residential house property in the same year for Rs 50 lakhs.

Instead of claiming exemption of long term capital gain upto Rs. 1 lakh, Can he claim exemption of entire long term capital gain of Rs. 275,000/- by showing u/s 54F the investment of sales proceeds of equity shares of Rs. 15 lakhs in the purchase of new house property?

Kindly guide.
Thanking You,
Suraj

My employer has filled my HRA component in "Total amount of any other exemption under section 10" in Part B and "House rent allowance under section 10(13A)" is 0.

When I asked finance guy to get it corrected it, he told me that govt portal is generating wrong info. I think their CA has wrongly filled the info and he is justifying it simply.

Can I face problems in future in case he does not get it rectified? He is very rude.

How can I take it up with IT department?

Sir,
Assessess itr returns filed last 5 years details mentioned below
Income last 5years rs:35 lacs
Expenses claim last 5 years rs:12,50,000/-
Net balance amount rs:22,50,000/-
Assessess amount fixed deposit in bank rs:30 lacs
Question:
Assessess deposit amount rs;22,50,000/- or rs;30 lacs is correct procedure.

Hi,


Please suggest which ITR should be filled.I have not sold any share , Mutual fund in last year.
Can I file ITR 1 ?

We got married in 2002. Me and my wife are now selling our joint property, acquired by some cash hand loan from parents and home loan on our name, in 2010. Now we want to create HUF and invest the capital gain by sale of this joint property, in new residential property under HUF. what shall be the date of creation of HUF. ??

Sir,
Assessess cash Gift from brother rs:60,000/- and cash Gift from brother rs:40,000/- through on UPI mode dt:10-06-24
Question:
Assessess above Two gift transaction sec 56 (2) provision applicable.

Due to cyber fraud, I lost 8L.

FIR also logged but no update of money. Can I file loss during ITR. If yes where I can file this.