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Ans: The good news is that partial withdrawals from your PPF account are exempt from income tax in India. This is because PPF falls under the Exempt-Exempt-Exempt (EEE) category, meaning contributions, interest earned, and maturity amount are all tax-free.

Therefore, you don't need to specifically show the partial withdrawal amount anywhere in your Income Tax Return (ITR) form.

Here's a breakdown of the tax treatment for PPF:

Exempt on Contribution: The amount you deposit into your PPF account every year is deductible under Section 80C of the Income Tax Act, 1961.
Exempt on Interest: The interest you earn on your PPF balance is not taxed.
Exempt on Maturity/Withdrawal: The maturity amount or any partial withdrawals from your PPF account are tax-free.
However, it's still a good idea to keep records of your PPF transactions, including any partial withdrawals. This can be helpful in case the Income Tax Department asks for clarification during tax assessment. You can maintain these records physically or electronically.

Ans: In Income tax return, you are expected to show correct amount of income. Kindly check reason for such difference.

Ans: Hello Rakesh,

I understand your query regarding the merger of shares and how to reflect it in your Income Tax Return (ITR).

When a merger happens, the shares of the merging company (in your case, Midtree) are usually exchanged for shares in the merged company (LTI Mindtree). This is generally treated as a transfer of capital assets, and the resulting capital gains or losses need to be reported in your ITR.

Here's a simplified explanation:

1. Cost of Acquisition: The cost of acquisition of the original shares (Midtree) becomes the cost of acquisition of the new shares (LTI Mindtree).

2. Period of Holding: The period for which you held the original shares is included in the period of holding of the new shares. This is important for determining whether the gains are short-term or long-term capital gains.

3. Capital Gains: If you sell the new shares, the capital gain or loss is calculated based on the selling price and the cost of acquisition (which is the cost of the original shares).

Remember to report these details in the appropriate section of your ITR (usually under the head 'Capital Gains').

Please consult with a tax advisor or chartered accountant to understand the specifics as per your individual situation. This is a general explanation and the actual process may vary based on various factors.

I hope this helps!

Best Regards.