Venkatesan V

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


Kollipara Sundaraiah
13 March 2026 at 15:12

Question of gst and income

Sir,
Any gst registration person sale turnover missing or suppresed and it tax payer sale transaction property missing or suppresed transaction found used through online platforms AI technology tools found possible


Rajesh Topiwala

I am having indian agricultural income of rs 1000000 and business income of rs 1500000. what is the income tax in india for the year ending 31st March 2026? new regime


Suraj
13 March 2026 at 08:54

How to correct Form 26QB

My query is as follows:

There are four sellers A, B, C, and D, and only one buyer, i.e., X.

The sale agreement was entered into on 11th September 2025. He filed Form 26QB and paid TDS on 18th February 2026. He paid the entire TDS in one challan only.

However, he showed the entire sales value of Rs. 1.80 crore and TDS of Rs 1.80 lakhs in the name of A only.

How can this Form 26QB be corrected?

Do we need to correct this form for Rs. 45 lakhs and then file three separate Form 26QB? Can we divide a single paid challan into the remaining three parties?

Please guide how it can be corrected?

Regards,
Suraj


naresh
12 March 2026 at 23:28

Spice form, ? mark comes in address

after incorporating new company, ? comes in address of company.
did my cs make a mistake ? in part B also ? is visible.
she is telling its system error.
i feel she should not have submitted with ?
am i wrong? or ? comes after part b is submitted?


binu sukumaran
12 March 2026 at 22:15

E bike purchase can get input in GST

Sir.
Company purchase E bike and corresponding input reflected reflected in 2B. Can we claim input on this transaction.
It is manufacturing company (component to ship ).
Please advise


Rahul Singh

Home loan interest 2 lakhs
New tax regime
Annual rent Rs 313000
Net income Rs 19000
Let out property
While Updating to employer but they are considering let out property as Second home loan what to do
1. While filing ITR whether it will rectified that I have only one property which is let out


Suresh S. Tejwani
12 March 2026 at 18:26

TDS APPLICABILITIY

In a Private Limited Company, the company pays a salary of ₹12,00,000 per year to one of its directors. What will be the TDS applicability on this salary for the Financial Year 2025–26 under the Income Tax Act, 1961? And whether any other limits or conditions are applicable for the company while paying salary to directors.


Thelappillil Linson
12 March 2026 at 15:16

Transfer of MF

Sir / Madam, As per SEBI guidelines, the MF units can be transferred to own relations and even third parties. Does this trigger capital gains tax on me if I transfer to my son? Does this trigger capital gains tax if I transfer to third party? Hope this is the same case with the shares? Kindly advise.


ARCHANA
12 March 2026 at 14:50

Two pancard

Sir,

One person one pancard missed by mistakely another pancard applied, he got new number now he is having two pancards one is linked with aadharcard and other card previously filed incometax returns and in banks

How to previous card cancel , He wants to continue aadharlink pancard and same to be mentioned in Bank account

What is procedure to cancel one pancard not using

Thanking you,






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