Suppose on sale of equity shares in F.Y 2024-25
Short Term Profit-Rs 2000
Long Term Profit-Rs 15000
As there is exemption limit of upto Rs 125000 under LTCG, Is it neccessary to mention amount of capital gain in ITR as there will be no tax payable

A manpower company based in Chennai recruits personnel to serve as security guards and for other allied services, deploying them to various government agencies, banks, private establishments, and other authorities. The minimum wages and allowances (Pay plus variable Dearness Allowance) payable to these contract labourers have been fixed at ₹21,000.

My query is: Who is responsible for the deduction and remittance of Professional Tax payable by these contract labourers to the respective Local Bodies? All such labourers fall within the taxable slabs and are therefore liable to pay Professional Tax. Specifically, does the responsibility lie with the manpower company, or with the organization that engages these labourers on a contractual basis?

Hi Sir/Madam,
I am a freelance trainer and conduct online training to students in India and Abroad. Kindly clarify my below queries.
1. Which ITR is applicable for reporting training fees received from abroad. Also I have other incomes like Pension, Interest, Capital gains.
2. Should i fill schedule FA for training fees received from abroad
3. Is this training fees from abroad eligible for presumptive taxation benefits under section 44ADA

Good Evening,
One of my clients received RCM lorry freight value in GSTR-2B. But actually he did not receive any transport service from the particular Transportar. Hence he has to pay the RCM amount now. When i try to reject this from IMS dashboard. There is no RCM entry.How to reject the above transaction? Please Guide me.

One of my new clients (Govt. Emoployee) has an old demand for AY 2012-13 showing up on the income tax portal under the Outstanding Demand tab. The demand is around Rs. 49,000 and interest has accumulated to about Rs. 53,000 total Rs. 1,02,000.
The issue is that in Form 26AS, the TDS entry for that year still shows Status of Booking: P (Provisional), so the credit hasn't been given.
We tried reaching out to his ex-employer from 2012 to revise their TDS return so that the status changes to F (Final) but they are not cooperating at all. There’s also nothing pending or visible in e-Proceedings.
Has anyone dealt with a similar issue? What’s the way forward when the deductor doesn’t respond or revise the TDS return? Would really appreciate any guidance or practical suggestions.

Thanks in advance!

Dear sir
My status for Income tax was Non resident for Asst Yr 24-25 and for asst year I am resident since I shifted back to India.

When I was non resident in For asst year 24-25 I received income tax refund of 1500 and accordingly TDS was deducted by CPC under sec 195.

Now current asst yr I am filing ITR-1. While filing TDS details, TDS schedule is showing following error message. “ The Income on which the TDS under this section has been deducted is payable to a non-resident. Returns for income of non-residents are required to be filed in ITR 2/3. Thus, kindly ensure that the return being filed in ITR 1 is not defective.”

Kindly guide what to do in this situation

Respected Sir

My one new client earlier carrying furnishing stitching services on a very small scale basis approx 35k annually but now would like to start trading of items for fixing curtains sofa like springs, channels, rod etc and would like to take GST Registration for this trading purpose

Can he still issue stitching bills without GST because both aspects are under one PAN Number.

Thanks in Advance

Regards

Tribhuvan

During FY21–22 filing, the AIS portal reflected an fd purchase of ₹30 lakh, but my total income is 25,000 so I not filed ITR then I received to provide feedback for non filing of return,then I given feedback as income is less than basic exemption limit and 30 lakhs purchase of deposit is information is wrong i submitted as a feedback I had done multiple fd in a year for amount 3 lak in that year

However, in June 2025, I received an email stating that my feedback was rejected by the bank.
is there any problem please give your valuable suggestions sir

total consideration of property amount is Rs.11250000/-
stamp duty paid is 787500/-

kindly suggest what is to be filled in respective columns..
1. amount paid /credited currently {b} i have entered 11250000
2. total stamp duty of the property {c} i have entered 787500 Warning : Difference between Amount paid/credited currently (B) and Stamp Duty Value (C) is more than 20%.
3. amount on which TDS to be paid {d}

Hello All,

This is with regards to the above mentioned subject. I would like some clarification reagarding the payment of stamp duty and its registration. After i pay the stamp duty, do i have to get document franked or are there any other steps to be followed. The Company's registered office is in Mumbai.

Kindly advise.