Respected Sir,
ITR FILING IN OLD REGIME
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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
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TAXABLE INCOME RS 3,70,000
TAX LIABIITY RS NIL
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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
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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 ?
WHERE TO FILE AND CREATE PASSWORD OF APPEAL
Hello Experts
we are engaging the business of Integrated logistics & distribution along with the 3PL services, car transportation and warehouse services.
I would require clarification for registration as Common Carriage under the Carriage Road Act, 2007 read with Carriage by Road Rules, 2011.
is this registration mandatory?
what would be the Implications, consequences and penalty if we are not registered under this act.
Hi,
I need clarification regarding the filing of Form 141 for a jointly purchased property.
Example:
Property Buyers: Myself and my wife (joint buyers)
Current instalment amount: ₹10,00,000 (dummy amount for illustration)
Payment: I alone have paid the entire ₹10,00,000 instalment.
My wife's contribution: ₹0
Agreement: Both of us are mentioned as buyers, but the Agreement for Sale does not specify any buyer-wise percentage or proportion of consideration.
While filling Form 141, the portal asks for the “Proportion of total sale consideration to be paid/credited by the buyer (%)”, and the proportions of all buyers must total 100%.
Could you please clarify:
What percentage should be entered for me and my wife?
Should I enter 100% for myself, since I paid the entire instalment?
If my wife paid ₹0, how should her share be entered, especially if the portal does not allow adding a buyer with 0%?
Does my wife need to file a separate Form 141 using her own PAN, even though she did not make any payment towards this instalment?
How should the ₹10,00,000 instalment and corresponding TDS be allocated between us?
Please advise on the correct procedure.
My cliets Agriculture land And sum Non Agriculture land aqire for Road Development and receve compulsory land acquisition compensation from authority including 12% interst amont,
so what treetment regarding Agriculture land , Non Agiculture land, And Interst
RESPECTED SIRS
MY QUERY IS AS FOLLOWS:
I was under the old tax regime in March 25 but in March 26 inadvertenlty without withdrawal from the old regime and without opring new regime I have filed my ITR in new regime. What to do in such a case.
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