Dear Experts
As per section 393(6)(ii) of income Tax Act. 2025, has threshold limit to 50 lacs and tds rate 2% been revised even if deductor is individual and service received on contract.

Pls confirm

05/2025 Purchased Apple shares and Sale on 09/2025 Short Term Gain Rs.18450/-. Tell me Tax Rate, its 20% or as per Slabs.

Dear All,

I have a flat which is currently under redevelopement scheme. The flat is neither self occupied nor rented out.

I received monthly Rent of Rs. 10,000/- and lump sum amount of Rs. 2,00,000/- as a compensation from developer.

Please guide me whether rent and lump sum compensation received is taxable?

Please also guide me on applicability of capital gain & exemption under section 54 in such redevelopement case.

Thanks & Regards
Nirmal

Here is an individual assessee senior citizen aged 89 y.o. He has received Pension arrears of Rs.291125 pertaining to F.Y 2013-14.

As you can see in the merged image below of "10E FORM" a TDS of Rs.17018 [as shown in 26AS] was deducted on FD's Interest income in F.Y. 2013-14. [image link provided below]

He didn't filed ITR for A.Y. 2014-15, as a result such TDS amount is with IT Dept.

In form 10E :-

2) Total income of the previous year is = 170180

3) Arrears received 291125

4) [Previous year 2)+ arrear 3)] = 461305

5) Tax on Total income of previous year (2) = Rs. 0

⁉️Now the question is for column no. (6)

🤖The system is calculating tax as Rs. 19,704

🧠But if we take TDS in account 17,018 and subtract it by 19,704 tax is reduced to Rs.2686.

Out of these two options which one is correct & why do you think so ? Any reference with regards to particular section & rules which justify such reasoning & answer ? Kindly enlighten this case.

Case Photo link :-

https://jumpshare.com/share/58qe00hY7hAah0CSpN9K

I want to start gst invoicing no from 101 for financial year 2026-2027 and delivery challan no 201 for fy 2026-2027.Can I start from above nos. I purchased goods from gujrat and send goods to kolkata by my supplier to storage house.Now after goods reaching there I issued delivery challan on date of loading from gujrat and prepared outward supply e-way bill for storage. So 2 e-way bills are issued for same goods .one by my supplier and other myself for storage with same vehicle no .Is it as per gst rules . please clarify with examples?

Sir/ Experts,

I draw EPFO (Employee Provident Fund) Pension and get ICICI Prudential Life Annuity.
Is this amount eligible for deduction under Standard Deduction for FY 2025-2026 (AY 2026-2027) in the new Tax Regime ?
Appreciate response.

Best Regards, Krishna

sir/Mam,

One person taken gst registration, he is small dealer paper plates, plastic item sale shop now My question he want to files his on estimation basis not he will cut bill to person His item product is 18% but he want to file on estimation basis @1%

Please guide gst returns monthly basis sales @1% where to show

Thanking you,

I have put less Sales amount in Gstr1 of April-26 by mistaken, paid gst also filed 3B with same amount, I came to know about this mistake after May Gstr1 was filed, now Gstr3b is pending to file. Kindly suggest what amounts I should put in In May Gstr3B to solve this issue. Regards in Advance

Mr A purchased a flat in January 2008 and sold it on 15th March 2024, generating a long-term capital gain of Rs. 19.60 lakhs.

He invested Rs. 40 lakhs in an under-construction property on 20th March 2024. The possession of this flat is expected in August 2026.

He has plans to sell this flat immediately upon receiving the possession for Rs. 45 lakhs. Will the earlier LTCG of Rs. 19.60 lakh become taxable?

Neither the sale agreement has been entered into nor has any allotment letter been received till date.

I wish to know his tax liability.
Kindly revert.
Regards,
Suraj

Sir/Mam,

One person taken GST Registration taken E commerce and selling good through Amazon, and amazon showing details in 2B

I am not able to understand Amazon showing ITC on services or Sales,

Now I am having doubt how to file GSTR1 which Sales I have to take

what is the process to file GSTR1 & GSTR3B E commerce operators

Which points to consider when filing GSTR1 & 3B

I request kindly explain E Commerce operators GST Returns Filing process

Thanking you