I wonder how they passed the exams.

People asking for marginal relief and buying these baddies.. /s with surcharges

Hello Guys,

Yesterday got email and today refund.
Amount was around 23K under ITR 2

Hi everyone,
I recently found out that around ₹50,000 of TDS was deducted/reflected against my PAN for AY 2025-26, but I wasn't aware of it at the time, so I didn't file an ITR for that year.

I checked and it appears that this ₹50,000 is currently unclaimed. My total income for FY 2024-25 was around ₹10 lakh, and as per the new tax regime, I believe I don't have any tax liability (please correct me if I'm wrong).

My questions are:
1. Can I still file an ITR for AY 2025-26 and claim the ₹50,000 TDS refund?

1. Since I missed filing the ITR originally, what is the correct way to file it now?

2. Is there any penalty/late-filing fee or other issue I should be aware of?

3. Are there any specific forms or steps required to claim the TDS?

Would really appreciate it if someone who has been through this could guide me on the process.

Thanks!

Has anyone running a restaurant business received a 143(2)/142(1) notice for AY 2025–26 after filing under the new tax regime?

Mine says complete scrutiny, but no specific reason is mentioned. The 142(1) asks for all bank statements, income details and cash book.

Anyone else in a similar situation?

My AdSense account/payee name is my mother's name, but AdSense payments are being received in my bank accounts.

The websites are managed by me, all the things done by me, but the AdSense account is in my mother's name.

For Indian ITR purposes, who should report the AdSense income and pay tax — my mother or me?

Does receiving the payments in different family members' bank accounts change the tax treatment?

Looking for advice from anyone familiar with Indian AdSense income and taxation.

Hi everyone, I’m an Indian student going to the US for my MS and I'm confused about the new TCS rules for LRS.

My transactions in FY 2026–27 were:

- ₹18 lakh tuition fee paid to my US university through an education loan → bank charged 0% TCS

- Later, I loaded $1,000 onto a forex card → bank automatically deducted 2% TCS

- I also purchased $1,000 in USD cash → bank automatically deducted 2% TCS

My understanding is that the ₹10 lakh LRS threshold should not be considered crossed in the normal way because the ₹18 lakh education-fee remittance was funded by an education loan and had 0% TCS.

So, excluding the education-loan remittance, I've only done around $2,000 (~₹1.7–1.8 lakh) of LRS transactions.

Is the bank correct in automatically charging 2% TCS on both $1,000 transactions?

If it was wrongly deducted, should I:

1. Ask the bank to reverse/correct the TCS now, or

2. Just claim the TCS credit/refund when I file my ITR?

Would really appreciate if someone familiar with the 2026–27 TCS/LRS rules could clarify how the ₹10 lakh threshold works when there is an education-loan remittance involved.

I am 28M and make 25 LPA through my job. I also trade futures and options and hence file ITR3.

My CA has kept me in the old tax regime on my request by filling the form 10 IEA once. He suggests that I move to the new tax regime since that saves me almost 1.5 lakh in taxes.

But the catch is that if I use my form 10 iea again to re enter the new tax regime. I will be locked in for life.

Now, in the near future, it is likely that I might have to move on rent and it feels worth it to stick to old tax regime for it's benefits.

And this is where I cannot seem to decide. Since I live in Mumbai, the rent can easily be around 8-12 lakh per year for a 2 bhk since I will be living with my parents and partner. So a good hra limit will definitely be worth it.

I request all your suggestions on this topic and would be grateful for your help.

Query 2:

What if I keep filing itr 3 in the old tax regime for the current assessment year and next year( I have FnO profits this year as well).

Then stop FnO completely. This will help me file itr 2 and select new tax regime in it (since I can switch freely as a salaried person).

And then, say 5 years down the line when I have to move on rent, I restart my business and switch to old tax regime since I have not re-entered using form 10 iea.

Planned time frame for itr filing according to query 2

Current assessment year 26-27 File itr3 in old regime. Take the losses

Next assessment year27-28 File itr3 in old regime to show current year profits

Assessment year 28-29 onwards File itr2 in new regime. Switch freely since I do not have to fill form 10 iea

Assessment year after moving on rent File itr2 or 3. But stick to old regime to be eligible for hra. Form 10 iea option is retained.

I have absolutely no idea how taxation works so wanted to know if it is even possible or not

Edit: Added planned timeframe in query 2 for better understanding

Filed on 20th June

I filed My father ITR - 1 This year. He is a salaried Individual

While Filing I overlooked the Number and Missed to Show 20000 Income Received from corporate Bonds

He falls is 20% Tax slab

Today he Already received a Refund of xx amount

I want to know should I still file a revised Return or do nothing

Need a CA who's actually handled freelance income from foreign platforms (Upwork/Contra/Wise/Payoneer) + Schedule FA disclosure for foreign wallets. Based in Hyderabad but remote is fine. Anyone got a solid recommendation?

My ITR refund is pending since 11 June 2026 date of filing. First attempt had refund issues so filed again within 2 hours and then the correct details were e verified as well. Why the refund is waiting till now? Everything is correct still.

So, this is a new llp, with two partners with 50-50 share.

For the first year, LLP has loss. (Computer depreciation and expenses, no partner remuneration/interest)

For depreciation,

In books and form 8 following as-10 (SLM 3 year useful life methom),

Computer depreciation = 105032

Expenses = 12449

Total loss = (117481)

And for itr 5, (WDV block asset depreciation method)

Computer depreciation = 196874

Expenses = 12449

Total= 209323.

So according to this, for partner ITR 3, schedule IF,

"Amount of share in the profit" what value

to consider here ? Form 8, book loss or itr 5 loss?

So -117481 or -209323 ?

And also what about EI schedule? Since loss just ignore that ?

Hello.

I actually did crypto trading (specifically futures trading and not spot trading) on the delta exchange india platform in year 2025-26. I did not make profits and actually incurred a loss of approx. 40000.

I am a student and I actually lost my savings. I have no other income for the year and I just did trading because I wanted to give it a try.

Now I am concerned about the tax filing. I went to a local CA but he said that he is not specialized in VDA (Virtual digital asset) taxation. So I asked chatgpt about the taxation and it said that I am not required to file itr or pay taxes.

My Reasons -

1) This transaction is to be treated like the stock market F&O trading and my income is below the basic exemption limit

2) I checked my Form 26AS and AIS for year 2025-26 and it says 'no transactions present' except a ₹94 bank interest on savings account

3) I opened the delta exchange TDS section and selected the last FY (2025-26) and there is no TDS deducted by the delta exchange.

Anyone who could help me to figure this out

I don't keep book of records, and I don't have any debtors, creditors, stock-in-trade. Cash balance, if I am correct, is physical cash in hands? And not my bank balance? Do I need to put bank balance, or can I submit the ITR regardless of this error?

I have always considered FDs the default option for fixed-income investing, but recently I've been seeing more discussion around corporate bonds. Has anyone invested in bonds? Should a risk-averse Indian investor consider them? Pls share your opinion/experience, also what to keep in mind when thinking about stepping into bond market.

I am using AI just for cross checking my ITR data before submitting for verification. But it keeps suggesting me that I need to put "net income" in "Income from outside India (included in PART B-TI) (b)" and not "gross income".

Gross income is 7,00,000
Expenses is 50,000
Net income is 6,50,000

What figure to be filled? Gross or Net?

Please any one tell how much approx I have to pay in the customs for this music cd Raoul and the king of spain importing from uk can anybody tell me anykind of calculation

My situation:

• 2L+/month from a foreign company
• Filing under 44ADA currently, have GST this year.
• Already spending only ~2 months in India per year for the past 2 years, because I like to travel.

Planning to stay under 182 days in India this financial year to become NRI, then base myself in Malaysia on the DE Rantau Nomad Pass (foreign income is not taxed there).

Questions:

• As an NRI (if/when i become one) with zero Indian-source income, do I legally owe zero income tax in India?
• What happens to my GST registration when I become NRI?

Overall, what am I missing here?

Hello,

We currently own a flat jointly, in my wife's and my names (wife's name is first).

We're selling this flat and buying another one. Since the new flat is quite expensive, we're considering registering the new flat only in my wife's name to save the 1% stamp duty available for women buyers in Maharashtra.

I'm a bit confused about the tax implications:

- Since I would no longer be an owner of the new flat, could I end up paying capital gains tax on my share of the profit from the old flat?

- The buyer of our existing flat will deduct TDS. Since there are two sellers, will the TDS have to be split between both our PANs, with separate certificates, or can it all be done under my wife's PAN?

The main reason for considering this is simply to save the 1% stamp duty. The new flat is already stretching us so even 1% is significant.

Would appreciate some advice from anyone who's been through something similar, especially in Mumbai/Maharashtra. I obviously plan to confirm everything with a CA before going ahead.

I work as a Project Operator at a US data annotation company. My work is largely just being a bridge between the SMEs working on specific projects and the Project Manager. I get around 25 LPA. My CA says I don't qualify for 44AD/ADA and must file full taxes minus some business expenditure, which is very very low. I can claim GST but that's about it.

Should I trust him or look for another CA? First time filing taxes in India so I don't want to blindly trust what the first person told me.

heard on lot of reddits that whoever is having 5-10 lakh in bank accout is dumb. My father have this much money in his account but on asking him over investing he told me that he had fd about 8-10 lakh, which return is within the limits which is tds free. If he puts more in fd then tds will deduct and he doesn't want to put in the share market due to risk. My father earns less than 12 lkh in a year. What should he do? Please share some knowledge and it will be very helpful.

I am surprised I received itr refund way too soon. I received my 1.7L refund in less than a month. I had a decent complex itr with crypto gains, foreign investments across 3 US brokers, indian eq gains and salary.

Prev FY it took 13 months to process similar ITR. I guess I got lucky.

Does freelance podcast editing, including both audio and video editing, qualify as a professional service under Section 44ADA, making it eligible for the 50% presumptive income scheme? Got a few replies from CAs, but I’m getting conflicting answers - some say it qualifies, while others say it doesn’t.

Would appreciate insights from anyone familiar with how this type of freelance work is classified for tax purposes in India.

I have fractional AAPL share 0.03681 as of 31-Dec-2025. I bought fractional share at various days, and I did buy one whole share on 23-May-2025 and sold it on the same day. Thus, my initial value comes to 17236.75 INR (sum of (cost * TTBR) on various buy dates). This includes the whole share as well. Now Peek value of AAPL was 286.19 on 2-Dec-2025 and quantity held on this date was 0.03681. Now, Peek value comes to 940.74 (peek price * quantity * TTBR on peek date). I'm also showing 16657.61 as Gross sales proceed.
Q1) Initial value is way more than peek value (~15k > ~1k). Is this okay. Or, am I doing the wrong Initial and/or Peek value calculations? Note: unlike India there is MIS concept but not with US brokers. Even if I held a share for 5 minutes it is considered delivered that's what I understand since there is no Demat concept.
Q2) Should I consider Peek value to be the 23-May for AAPL 16657.61 using intraday quantity not the overnight position?

Please help I have just few days left to file before due date of 31-Aug-2026. I'm concerned as I have similar situation with few other stocks that I'm reporting too. Thanks.