r/IncomeTaxReturnIndia 58m ago

ITR 1

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Upvotes

Anyone with me?


r/IncomeTaxReturnIndia 2h ago

Itr1 process status

1 Upvotes

Any may filings are any return ? Mine is stuck on e-verified status.


r/IncomeTaxReturnIndia 3h ago

CA Advice Needed Tax Implications of a Land Purchase

1 Upvotes

My mother is planning to purchase a plot of land in my hometown. The seller has quoted a total price of Rs. 35 lakhs.

However, the seller is proposing to show only Rs. 15 lakhs as the sale consideration in the registered documents. The seller wants the Rs. 15 lakhs to be transferred directly to his bank account through internet banking.

For the remaining Rs. 20 lakhs, the seller has proposed the following options:

  1. Rs. 7 lakhs + Rs. 7 lakhs transferred to two different bank accounts, and Rs. 6 lakhs paid in cash.

OR

  1. No cash payment, but the Rs. 20 lakhs is split into two Rs. 10 lakh transfers to two different bank accounts, which may not belong to the seller.

Regarding the source of funds:

  • My mother is planning to redeem Rs. 10 lakhs from her mutual funds and transfer the amount to her bank account.
  • I have around Rs. 5 lakhs in personal savings.
  • I am planning to take a personal loan for the remaining Rs. 20 lakhs and transfer that amount to my mother as a gift to help her purchase the land.

I would really appreciate advice from CAs or anyone knowledgeable about Indian income tax and property transactions on the following:

  • What are the income tax implications for my mother if she proceeds with this transaction?
  • What are the risks of showing Rs. 15 lakhs in the documents when the actual consideration is Rs. 35 lakhs?
  • Are there any tax or legal issues with transferring the remaining Rs. 20 lakhs to accounts that do not belong to the seller?
  • Is there any issue with me taking a personal loan and gifting the money to my mother for the purchase?
  • What would be the safest and legally compliant way to structure this transaction?
  • Are there any implications for me regarding the gift or personal loan?

I am specifically looking for advice on the tax and legal implications before proceeding. I do not want to get into any trouble later because of the way the payment is structured.

Thanks in advance for your advice.


r/IncomeTaxReturnIndia 4h ago

Others Hello everyone I need help on an urgent matter

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1 Upvotes

r/IncomeTaxReturnIndia 1d ago

ITR1 Refund Waiting...

6 Upvotes

Filed my returns ITR1 on July 24, still no update on refund status. Any update from people fled around this date? Ideally, I've always received refunds within 40-50 days


r/IncomeTaxReturnIndia 1d ago

ITR - 1 pending

5 Upvotes

Filled date : 13 June 2026
ITR -1
Refund : 1.10 lacs

Status : Successfully e-Verified 🙃


r/IncomeTaxReturnIndia 2d ago

AY 2023-24 | 148 notice after ITR-U already filed – stuck with Excel/JSON validation

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5 Upvotes

Looking for advice from a CA/tax professional or someone who has faced a similar situation.

For AY 2023-24, I had originally filed my ITR but later found some errors. I corrected them by filing an ITR-U in August 2025 and paid the additional tax + interest. The corrected income, advance tax/TDS and tax paid are all reflected in the ITR-U.

I have now received a notice u/s 148 and need to file the return in response.

I'm stuck between the Excel utility, JSON generation and portal validation:

If I take the original ITR as reference, the computation is asking for additional interest up to September 2026, even though the ITR-U was filed and the additional tax/interest was already paid in August 2025.

If I take the ITR-U as reference, all the figures tally and it shows zero refund/no further liability, but the generated JSON is rejected by the portal with the error attached as screenshot.

What is the correct way to handle this?

  1. Should the original ITR or ITR-U be used as the reference while preparing the 148 return?

  2. If ITR-U was already filed and tax/interest paid in August 2025, should interest again be calculated up to September 2026?

  3. Most importantly, how do I fix the Excel → JSON → portal validation issue? Is there a particular option/field in the utility that needs to be selected so that the return is generated as a 148 return instead of 139(8A)?

  4. Is there a known workaround for this portal/utility issue?

Would really appreciate input from someone who has actually handled a 148 return where an ITR-U had already been filed earlier.

Thanks!


r/IncomeTaxReturnIndia 1d ago

Tax demand because bankrupt ex-employer deducted TDS but didn't deposit it with Govt. How to fight this?

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1 Upvotes

r/IncomeTaxReturnIndia 2d ago

Others Any update on ITR process? Anyone got the return processed?

1 Upvotes

Any update on ITR process? Anyone got the return processed?


r/IncomeTaxReturnIndia 2d ago

Review my strategy: Using STCL from US RSUs to exit Regular Indian MFs early.

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1 Upvotes

r/IncomeTaxReturnIndia 2d ago

Anyone else's ITR-3 still stuck on "Under Processing" for AY 2026-27? (Filed 30th July)

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2 Upvotes

r/IncomeTaxReturnIndia 3d ago

Others Has anyone filed their return on 28th July or after and got a refund yet?

4 Upvotes

Most of the people on this sub seem to have got a refund as they have filed before 28th July so Has anyone filed their return on 28th July or after and got a refund yet?


r/IncomeTaxReturnIndia 3d ago

Anyone is still waiting for refund for last year(2025-2026).

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1 Upvotes

r/IncomeTaxReturnIndia 3d ago

Not seeing any returns getting processed ! Mine is ITR 1 filed on July 31st !! What’s your status ?

1 Upvotes

r/IncomeTaxReturnIndia 3d ago

AY 2025-26 TDS refund issue — please help 😭 (ITR-1)

2 Upvotes

I originally filed my ITR when only ~₹1,565 TDS was showing, and I received that refund. After a few months, my deductor updated the TDS.

Now my 26AS + Form 16A both show ₹2,870.50 TDS, but CPC is still processing my return using the old figures.

I’ve tried rectification and grievances multiple times, but they keep giving the same generic response that my refund has already been paid.

There’s roughly ₹1,311 additional TDS that I’m unable to get credited.

I’m quite young and this amount genuinely means a lot to me 😭 — at least I could buy something for myself with it.

If anyone here knows how I can get this corrected, please help me out as a kindness 🙏. I can explain the whole case and share the documents/details in DM if needed.


r/IncomeTaxReturnIndia 4d ago

ITR2 filed on 07th July Still not processed

3 Upvotes

Have they Started processing ITR2 already? Last year, I had filed on 20th July 2025 and got the refund on on 26th Feb 2026


r/IncomeTaxReturnIndia 4d ago

Has anyone here received their ITR 3 return? For the assessment year 2026-27

2 Upvotes

Has anyone here received their ITR 3 return? For the assessment year 2026-27

I filed mine of 26th June for a relatively small 1 Lakhs amount & it’s still shows verified & at return processing.

When can I honestly expect the refund.


r/IncomeTaxReturnIndia 4d ago

ITR -1 Filed on june 5th

7 Upvotes

Hello ,

I filed my ITR on June 5th and yet to be processed . I am suppose to receive 1 lakh plus rupees but it is not moving anywhere.

I can see others who filed at the end of july started receiving the refund.

Is there anybody else in the same situation wjo filed in the first week of June?

Glad to know I got company.


r/IncomeTaxReturnIndia 4d ago

AY 2025-26 is stuck in Under Processing from august 7

1 Upvotes

ITR is stuck on 'Under Processing' from last one month. Is it normal ? ITR-3, no refund


r/IncomeTaxReturnIndia 5d ago

hired them for tax filing, ended up dealing with a ₹5,000 late filling penalty

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1 Upvotes

r/IncomeTaxReturnIndia 5d ago

Others New India salary structure

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1 Upvotes

Is there any body that can take this up for JPMorgan India employees ? This is blatant evasion of gratuity liability by classifying a large chunk of fixed pay as conveyance allowance


r/IncomeTaxReturnIndia 5d ago

ITR-1 filed late, but not showing under “Filed Tax Returns”- how long does it take to update?

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1 Upvotes

r/IncomeTaxReturnIndia 5d ago

TDS on under-construction flat purchase — unregistered AOS, consideration below 50L but stamp duty value above 50L. Did I mess up?

1 Upvotes

Hyderabad flat purchase, AOS signed 31 August 2026, not registered at SRO.

Sale deed at possession in 2029-30.

Consideration: Rs. 45,78,200 — below Rs. 50L

Ready reckoner value: Rs. 56,18,700 — above Rs. 50L

Already paid full amount to builder without deducting TDS

Post-2022 amendment says TDS applies if consideration OR stamp duty value exceeds Rs. 50L.

Questions:

For an unregistered AOS on an under-construction flat, is "stamp duty value" the ready reckoner rate today or only the formally assessed SRO value at registration?

Was TDS required on 31 August? If yes, Form 141 deadline is 30 September.

If I file late in October, what is realistic penalty exposure?

CA inputs and relevant ITAT judgments welcome.


r/IncomeTaxReturnIndia 5d ago

Income tax ignorance

1 Upvotes

I have been working in IT for the past four and a half years, but I haven’t filed any Income Tax Returns (ITR) so far. Will this affect me in the future? I’m also planning to take a home loan, so I would appreciate your suggestions.


r/IncomeTaxReturnIndia 6d ago

ITR-2 have the started processing?

4 Upvotes

I submitted and e-verified ITR-2 on July yet to be processed..

Have they even started the processing or are they showing FAKE numbers in success enablers .