I am having HDFC life insurance endowment plan. The same will be matured in the month of Dec, 2026. Whether it is taxable. Kindly clarify the same.

If someone has loss in f&o and if professional income is already below the taxable limit and by deducting the f&o loss there is no clear benefit but only the professional income will be shown as reduced as the loss will be automatically set off by the system against the professional income, then is it mandatory to show the f&o loss in the ITR3? Can one choose not to report the loss?

DEAR SIR

TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION WHETHER HAS BEEN ANNOUNCED

Opening valance of DTL 195731.00. current year closing wdv as per companies act 34,95,400.00 and IT act 2771830.00. Whatwill be the closing figure ? will it be DTL or DTA. someone calculated closing DTL as 7603.00 (195731- (3495400.00 -2771830.00)*26%). Is it corret method? pl. help with calculation.

iS audit mandatory in Income Tax , if commission income gross received 50,72,732/- for a DTH saler (commission based business, so he wants to show 80%-85% expencess ) ?

What is a gst rate and hsn code for cotton ginning and pressing service charge ?

Respected Sir,

ITR FILING IN OLD REGIME
=====================
Professional Charges Receipt Rs 14,40,000
44-ADA income 50% Rs 7,20,000
Less Housing Loan Intt Rs 2,00,000
Less 80-C EMI Rs 1,50,000
====================================
TAXABLE INCOME RS 3,70,000
TAX LIABIITY RS NIL
=====================================
BANK has given us us duly authenticted repayment schedule wherein EMI and interest is very clearly visible. Howsoever some experts have advised us to file under new regime after filing form. Deductoin of EMI under secction 80-C in old regime may attract income tax notice which is an unwated headache.
WHAT TO DO SIR IN SUCH A CASE. PLEASE ADIVE ME AND OBLIGE DUE DATE BEING 31ST AUG 2026

sir,
Assessee runs her Nursing home. She earns around Rs. 50 Lacs from OPD and Rs. 40 lacs from IPD i.e. deliveries and operations carried out at her nursing home. Can I opt for 44ADA for OPD receipts and 44AD for IPD reciepts?
Question: - Presumptive Income sec 44ada only or both applicable

RESPECTED SIR

THIS IS ALL ABOUT AY 2026-27 OLD REGIME
=============================

INTEREST ON HOUSNG LOAN SHALL BE DEDUCTED FROM THE HOUSE AND PROPERTY INCOME WHICH WILL REFLECT IN MINUS ( ALLOWABLE UPTO RS 2 LACS ) IN FY 2025-26

AND

EMI PAID SHALL BE CLAIMED UNDER SECTION 80-C ( IS THERE ANY LIMIT OF DEDUCTION OF EMI) IN FY 2025-26

AM I RIGHT SIR

Under Portuguese Civil Code Income needs to be apportioned between husband and spouse equally

My question is TDS deducted needs to be apportioned equally or each husband and wife will take credit of TDS as per their individual 26AS ?