I had filed a rectification request so that I could claim the TDS which I had not claimed in. AY 2024-25, but i received a demand order becauseof rectification i have done, I have been given a demand for the amount of refund that I had received.

I had claimed TDS of Rs 4680 and the total TDS was Rs 7260 out of which Rs 2580 was not claimed because that TDS amount was uploaded in the portal by the deductor after filing our return. I filed itr4 and tds deducted US 194J.
When we filed for rectification, we were given a demand for the same amount as the refund we had received.
What should I do?

Indian Citizen employed outside india in a foreign ship. During FY 2025 26 his estimated days in India will be exactly 182 days. So to reduce it below 182 days can he travel to short trip vacation outside India for 2 days. His indian income is below 15 lacs.

Hello Sir,

I have a query on Income tax treatment on PF full withdrawal for early retirement.

I had taken retirement at the age of 51 and currently i my age is 54. I had not withdrawn PF so that i can continue to get PF interest for past 3 years in my PF account.
I am getting around 6 Lakhs per year as interest so the past 3 years the interest accumulated is 18 Lakhs.
If i withdraw PF balance, will the interest of around 18 Lakhs for past 3 years after my retirement is taxable of it will be tax free on withdrawal and it will be taxable only if i further invest PF amount to various places.

Thanks
Rajesh

Dear Sir,

My query is as follows:
In December 2017, Mrs A decided to sell her flat for Rs. 50 lakhs.
Out of this, she received Rs. 10 lakhs. She entered into an agreement to sell the flat on 18-12-2017, and the buyer paid the stamp duty of Rs. 302700/- and registration charges of Rs. 30000/- on 18-12-2017, and agreed to pay the balance Rs. 40 lakhs in January 2018.

As decided, the buyer paid Rs. 40 lakhs, and the deed of assignment was registered on 20-01-2018, with stamp duty of Rs. 100/-.

So, my question is, for capital gain calculation purposes, is the date of sale the date of registration of the agreement to sell (i.e. 18-12-2017) or the date of the deed of assignment (i.e. 20-01-2018)?

Please guide.
Thank you,
Suraj

I want to know which AI is most helpful to generate replies for the income tax assessment and scrutiny notices.

we tio file ITR FY 2024-25
26AS shows cash withdrawal in section 194NF
AIS shows cash withdrawal in section 194N
generally 26AS ,194NF CPC will add the amount as income
how to proceed now
pl advise us

Namaskar Sir/Madam
My brother is an OCI card holder with a PAN He has does not have an aadhar card and has not filed returns in India for the last 30 years. His PAN is active but in inoperative state
Since he cannot get an Aadhar since he is not going to spend 180 days in India, how can he make his PAN operative
He wants to sell his house and wants to pay the applicable Capital Gains Tax @12.5
Can you kindly advice pls ?
Thanks

If I sell my site and use the proceeds to repay a housing loan on a residential property I have already own, can I claim capital gains exemption under Section 54F?

I have downloaded ITR u Excel utility for FY 24-25. Orignal return submitted in time and refund received. Now I want to increase interest income by 80000. Due to this liability @20% 16000 plus penaulty @25% Rs. 4000 and interest approx 1000 Total 21000 should required to increase in revise utility. But no tax liabilities is increased.
Say in orignal return tax liabilities was 20000 and TDS was 60000. Refund 40000 received.. In revise liabilities total tax 36000 (2000+15000)TDS 60000 refund 24000. Since tax payable is zero sheet is not validated. Utilitiy does not take refund already received to pay. Refund correctly entered. Tried lot . Since no liability no penaulty calculated. Please guide.

I filed TDS challan on sale of property and made a mistake in the amount paid/ credited, TRACES is not accepting the correction and throwing error as 'no data available for the said criteria'. The challan status is fully consumed, please guide how to rectify the mistake.

Thanks
Kanika