My AIS has duplicate entry on sale of securities from cdsl &kfintech.Against cdsl entry i have given the feedback as duplicate information.Do i need to specify where the duplicate entry appear.If so how to show as Feedback has no such option.

Hi
While filing my return for AY 25-26, I saw in my AIS and TIS a strange entry called Interest other than "Interest on Securities" received (Section 194A) and Information source as :OFFICE OF REGIONAL PROVIDENT FUND COMMISSIONER BANDRA EAST (MUMO03518E). The amount shown is Rs 53160 and TDS deduction on the same is Rs 5316.

My contribution to PPF+PF+EPS has not exceeded Rs 7.5 lacs in AY 25-26 and there is no bank entry in my bank regarding this amount. My question is what is this amount and do i need to add this amount in Sch OS ?

Thanks

Dear Sir,
In AY 22-23,I had invested in money multiplier fixed deposits in ICICI Bank which is linked to savings bank account. I had made deposit of 6 lakhs for few months and closed it,then again deposited 5 lakhs from maturity amount without deploying fresh capital. Now my AIS is reflecting term deposit of 11 lakh as cumulative fd amount although my total capital in account was not more than 6 lakh, thus increasing my compliance which can attract IT notice in future being fd of more than 10 lakh ( High Value Transaction).

My question is:
How to address this problem by any means and how to rectify feedback in AIS ?

Thanks Sir

Sir, ITC is elegible on" Plant & Machinery" as per 17(5)(c). I mean, if construction of Immoviable property qualify the definition of " Plant & Machinary"- is it correct sir.

Hello,

I have a small query in respect to register of contract. This is for private companies.
(i) Do we need to take omnibus approval in the first board meeting for related party transaction even if the transactions are at arm's lengths price and ordinary course of the business.
(ii) How can we maintain register of contract . should it be monthly, quarterly or yearly. I have seen many people maintaining on yearly basis and they mention date of contract as 01.04.- 31.03.
(iii) What should be the date of contract ideally if there are no contracts entered.

Regards
Anita

We purchased goods from some Haryana party in 2020, but while filing the GSTR-1 return the party
filled the pleace of ​​supply incorrectly, now in 2025 we have received notice of 74, what do
we do and what steps can we take.Do we have to pay taxes to the government again?

Invoice of Rs 11,80,000/- (10,00,000/- basic + 1,80,000/- gst) of july 2025 not shown in GSTR-1 of july due to payment not received from customer so we have not paid GST also while filing GST-3B of july 2025. Is there will be any interest applicable to us if we show july invoice in august 2025 gstr-1 and also deposit gst in august 2025 gstr-3b.

In my KFintech capital gain report, a few entries for Motilal Oswal Nasdaq 100 Fund of Fund are showing under Long Term Capital Gain with Indexation.

Since this is an equity fund, I’m confused. How should I report these gains in ITR-3?

Hi,

I am a freelancer providing professional services(U S Mortgage related) and tds deducted under section 194J. ( Income is under 5 lakhs)

Exactly under which section Do I need to show my income whether in section 44AD or 44ADA?

Because the business code suitable is 16019 - other professionals services. But this code is available under 44AD only and not under 44ADA.

So, can I use 16005 - engineering & technical consultancy code which is available under 44ADA.

My wife started Affiliate marketing in FY 24-25 as a side hustle. The receipts for that FY were around 4 Lakh. Now she has to file ITR-3 since this needs to be shown as Income from Business and Profession. Earlier she was filing ITR-2 since she only had Interest Income and capital gain income.

My query is that how do we make the Balance sheet in ITR-3? She is doing the business in her own personal name without any current account. She is getting all affiliate commissions in her savings account which is also being used as a typical savings account. There are obviously no fixed assets, no investments, no liabilities.

Do I just show the savings bank account balance as her assets and the same figure as her capital in the liabilities section? Can this be done since the savings account credits includes all affiliate commission receipts, debits includes all expenses and other debits are all personal expenses which can be assumed as drawings. Can someone please guide me?