https://www.caclubindia.com/experts/ https://www.caclubindia.com/ https://www.caclubindia.com/experts/missed-tds-2962009.asp Wed, 29 Jul 2026 04:09:53 GMT
Unfortunately, while filing the return:

1. The TDS of approximately ₹37,500 deducted by the buyer u/s 194-IA on sale of my residential property was not claimed in the ITR, although it is duly reflected in Form 26AS/AIS.
2. The return was processed u/s 143(1) on 15.10.2025 exactly as filed and therefore no TDS credit/refund was granted.
3. No revised return was filed before the revision deadline.
4. I also had a Long-Term Capital Loss of around ₹10 lakh on the property sale, which was not reported in the return.

My queries are:

1. Since the omission was in the original return itself, can I still seek rectification u/s 154, or is such rectification not maintainable?
2. If Section 154 is not available, is an application u/s 119(2)(b) the correct remedy for claiming the missed TDS refund?
3. Can the omitted LTCL also be considered under the same remedy, or is that permanently lost because it was never reported in the original return?
4. Has anyone successfully obtained relief in a similar situation?]]> 4338088 https://www.caclubindia.com/experts/query-regarding-item-61-62-63-vs-item-64-in-itr-3-2962004.asp Wed, 29 Jul 2026 01:48:25 GMT
Could you please clarify the difference between Item 61/62/63 - Computation of Presumptive Income and Item 64 - IF REGULAR BOOKS OF ACCOUNT OF BUSINESS OR PROFESSION ARE NOT MAINTAINED, furnish the following information for previous year 2025-26 in respect of business or profession]]> 3980161 https://www.caclubindia.com/experts/closing-stock-query--2961999.asp Tue, 28 Jul 2026 14:59:53 GMT HOW ARE YOU SIR
The issue is related with the rate of Closing Stock in Tally Prime. Since the basic formula is input less output for closing stock working wherein the rate gets auto generated. Since we want to put our rate for closing stock working. How to change the autogenerated rate with our rate is the main issue e.g. as at 31st March autogenerated rate is 200 but we want to change it with 100 only and only for the day of 31st March. Not only that much but the very next day of 1st April again auto generated rate should reflect as usual.]]> 1300286 https://www.caclubindia.com/experts/f-o-reporting-in-itr-2961994.asp Tue, 28 Jul 2026 14:44:05 GMT 174979 https://www.caclubindia.com/experts/cash-gift-from-blood-relative-2961984.asp Mon, 27 Jul 2026 19:36:15 GMT
THANKS]]> 2938419 https://www.caclubindia.com/experts/account-freezed-for-ineligible-itc-scrutiny-for-gst-annual-return--2961979.asp Mon, 27 Jul 2026 16:52:00 GMT
GST notices issued on Sept 2025 Order passed October 2025 Ineligible ITC Reversed in Annual return through DRC 03 at the time of filing annual returns and Gst department issued notice regarding this, Unaware of this notices we are not replied for this notices, demand raised for Ineligible ITC reversed and account freezed.

When we asked department regarding this we are unaware of notices, they said go to court and deal this.

Can we deal this through gst portal

What is the procedure to deal this ?

Thanking you, ]]> 693426 https://www.caclubindia.com/experts/rent-claimed-on-building-given-on-permissive-possession-basis-2961969.asp Mon, 27 Jul 2026 11:02:23 GMT One govt corporation (say A)given a building to another Govt owned corporation(say B) on permissive possession basis.
'A 'claim rent on that building given to 'B'.
My query is can A claim rent from B on that building given on permissive possession basis?
If they claim 'Rent' can it be treated as 'Rent''?
Actually what is the legal status of 'Permissive Possession'?
Regards
Abhijit]]> 691531 https://www.caclubindia.com/experts/technical-glitch-in-itr-4-online-form-ay-2026-27-sec-44ae-partner-remuneration-not-mapping-to-e8-2961964.asp Mon, 27 Jul 2026 08:32:23 GMT I wanted to flag a backend coding error I encountered on the live Income Tax e-filing portal for AY 2026-27 while filing ITR-4 for a Partnership Firm engaged in the goods carriage business.
As per the proviso to Section 44AE(3), a partnership firm can claim a deduction for partner salary and interest subject to the limits of Section 40(b).
However, the "File Online" web utility has a mapping bug:
Field E5 auto-calculates the Gross Presumptive Income under 44AE.
Field E6 allows the entry for salary and interest paid to partners.
Field E7 correctly calculates the net amount (E5 minus E6).
The Error: At Field E8 (Income chargeable under Business or Profession), the portal completely ignores the net E7 figure. Instead, it forcefully pulls the unadjusted gross amount directly from E5.
Because the system locks Field E8, you cannot manually override it. The live web schema is essentially treating the firm like an Individual/HUF and disallowing the Section 40(b) deduction in the final computation.
.
I have already submitted a grievance ticket on the portal regarding this schema error. Has anyone else faced this exact issue with ITR-4 online this season? Let me know if anyone found a workaround within the live portal itself!

Thanks,
Srikanth]]> 748235 https://www.caclubindia.com/experts/error-in-uploading-form-10bd-2961959.asp Mon, 27 Jul 2026 06:57:15 GMT 875494 https://www.caclubindia.com/experts/residential-status-of-non-resident-2961954.asp Sun, 26 Jul 2026 18:58:51 GMT 2618252 https://www.caclubindia.com/experts/tds-on-property-form-141-query-2961949.asp Sun, 26 Jul 2026 16:04:49 GMT
Also should it be paid 50-50 in this case or can I put myself as 100% share in form 141 and submit ]]> 3996635 https://www.caclubindia.com/experts/applicability-of-books-of-account-for-commission-income-sections-194d-194h--2961944.asp Sun, 26 Jul 2026 09:54:28 GMT An assessee earning income in the nature of commission (on which tax is deducted under section 194D or section 194H) is generally required to maintain books of account and file the Income-tax Return accordingly.
However, in practice, returns are also being filed without preparing books of account in certain cases, particularly where the assessee also has income from salary, bank interest (including fixed deposit interest), or other non-business sources.

Kindly clarify:
Is there any provision under the Income-tax Act, 1961, or the Income-tax Rules that permits filing the return without maintaining books of account where the assessee has commission income along with salary and interest income?
Is there any monetary threshold of commission income up to which books of account are not required to be maintained?
If yes, kindly specify the relevant section, rule, CBDT circular, or notification governing the same.
]]> 1307597 https://www.caclubindia.com/experts/gst-on-travel-by-air-for-business-purposes--2961939.asp Sat, 25 Jul 2026 21:54:41 GMT 790011 https://www.caclubindia.com/experts/loss-of-interest-in-pf-transfer-from-epfo-to-trust-2961934.asp Sat, 25 Jul 2026 21:25:21 GMT I have initiated online EPF transfer using UAN portal from EPFO to my company trust. Claim was settled on 23 April but Trust is showing the credit on 8 May. EPFO has paid interest till 31st Mar and on raising grievance to EPFO, they said, Trust should interest from 1st April onwards. But Trust is showing credit date on 8th May, although transfer actually happened in 23 April. As transfer in amount contains my entire service life's EPF amount of 25 years, I'll lose out approximately 59,000/- per month in interest at present interest rate of 8.25%.
In these circumstances, who is responsible for paying interest for the month of April?
Also, raising grievance on EPFO, they point to connect with company Trust and company trust does bother to respond. Please advise what can be done under this situation.
Warm Regards,
Sujit Dey]]> 4337659 https://www.caclubindia.com/experts/seeking-advice-high-tax-shortfall-on-job-switch-let-out-house-property-loss-in-fy-2025-26-2961929.asp Sat, 25 Jul 2026 16:56:22 GMT
I am seeking your technical insights on a client tax computation for FY 2025-26 (AY 2026-27) involving a mid-year job switch and a let-out property.

Here is the anonymous summary of the facts:
Client Summary & Income Details:

Employer 1 (Resigned Mid-Year): Gross Salary ₹11,24,960 (Includes Leave Encashment ₹1,10,180 exempt u/s 10(10AA) & HRA ₹2,02,958). TDS Deducted: ₹1,24,817.

Employer 2 (Joined Mid-Year): Gross Salary ₹27,15,326. TDS Deducted: ₹3,86,983.

House Property (Let-out): Gross Rent Received ₹96,000. Interest Paid on ICICI Home Loan u/s 24(b) ₹8,56,044. Net Loss: ₹7,88,844.

Chapter VI-A Inputs: Sec 80C Principal ₹1,55,230, Sec 80D Self/Spouse ₹25,000, Sec 80D Senior Citizen Parents ₹47,000, Bank Savings Interest ₹3,438, STCG on MF ₹2,406.

Residential City: Pune (Non-Metro).

Current Tax Working & Issue:

New Tax Regime:

Taxable Income: ₹36,60,950 (Gross Salary ₹38.40L less ₹1.10L Leave Encashment, ₹75k Std. Deduction, plus ₹5.8k Other Income).

Note: Home loan loss is capped at ₹0 against salary income under the New Regime (only offsets rental income down to zero).

Total Tax Payable (incl. Cess): ₹7,05,416

TDS Already Paid: ₹5,11,800

Net Outstanding Payable: ₹1,93,616

Old Tax Regime:

Taxable Income (after ₹2L House Property Loss set-off + ₹2.25L VI-A deductions): ₹32,60,510.

Total Tax Payable: ₹8,22,279 (Higher by ~₹1.16 Lakhs compared to New Regime).

Queries for Members:

Minimizing Net Liability: Is there any legitimate tax-saving angle, exemption, or reporting mechanism under the New/Old Regime that we might be missing to bridge this ₹1.93L tax gap?

HRA Optimization (Old Regime): Since she was living in rented accommodation in Pune during her tenure at the first employer, if rent receipts/agreements are introduced now, would the Old Regime become competitive against the New Regime? What threshold of HRA exemption would be required to break even with the New Regime savings?

House Property Loss Strategy: Is opting for the New Regime to save ₹1.16L immediately better than taking the Old Regime to carry forward the remaining ₹5.88L unabsorbed house property loss for future years?

Looking forward to your valuable opinions and suggestions.

Thanks & Regards,

Fellow Professional / Member]]> 905522 https://www.caclubindia.com/experts/tds-offline-utility--2961924.asp Sat, 25 Jul 2026 11:37:31 GMT ]]> 1292686 https://www.caclubindia.com/experts/tds-on-rent-received-on-hardship-compensation-being-rent-on-redevelopment-of-building-2961919.asp Sat, 25 Jul 2026 11:30:27 GMT However this is not capital gain and this rent is not taxable under income tax act.

My question is how to claim tds as prepaid tax and show this rent income as exempt u/s 10 because there is no specific sub clause u/s 10 to show this. ]]> 192994 https://www.caclubindia.com/experts/due-date-clarity-2961914.asp Sat, 25 Jul 2026 07:56:33 GMT
I was a partner in a partnership firm and rendered my resignation on 31/03/2026. The firm has incurred business income in FY 25-26 but tax audit does not apply to it.
What will be due date for the firm and for me as an individual for ITR Filling FY 25-26?

Thanks]]> 3830309 https://www.caclubindia.com/experts/can-a-single-llp-in-india-legally-operate-multiple-unrelated-businesses-travel-cloud-kitchen-ecom-2961909.asp Fri, 24 Jul 2026 19:28:43 GMT My accounting firm has advised that it is not legally possible to run such non-related businesses under one LLP and recommends incorporating three separate LLPs instead.
I need clarification on the following:
1. Is there any specific provision in the LLP Act, 2008 that prohibits a single LLP from carrying out multiple unrelated business activities if they are all explicitly mentioned in the Object Clause of the LLP Agreement? [1, 2]
2. If I include all three activities in the 'Main Objects,' will the MCA (Ministry of Corporate Affairs) typically reject the incorporation for lack of interrelation? [1]
3. Operationally, can I use a single PAN to obtain multiple GST registrations (different vertical-based GSTINs) for these distinct activities under one LLP? [1]
]]> 4337552 https://www.caclubindia.com/experts/itr-capital-gain-2961904.asp Fri, 24 Jul 2026 15:32:52 GMT
i downloaded capital gain statement...in that therez one equity derivative and equity (STT paid) sheet...do i have to mention derivative amount anywhere in ITR??]]> 276791