Dear Sir,

If my Client is submitting a Belated Income Tax Return can he claim Refund from Income Tax Department, kindly advice.

Warm Regards,
Aditya Ghatge

Which amount fil in clause 40 3cd as turnover for ratio
1. absolute turnover
2. As per pnl credit side (revenue from others)

Hi ,

I am buying a property which is not yet registered in name of seller. The seller says he moved to US just 2 months back . Last itr 1 was filed by seller which is shared to me.How do i ensure and what documents I need to ensure the nri status

Hi,

We purchased the property of ₹1,03,19,000 under me and mom's name
I was not quite sure while filing the TDS hence i paid the TDS from mom's PAN as lumpsum type on 37 lacs as 37,000
After few days i paid TDS from my PAN on 60lacs as 60,000 as lumpsum type
Again after few days is paid the balance TDS on amount 6.19lacs as 6190

After few days builder's CA called me and told that i can not make lumpsum payments as it reflects as I have purchased 3 properties
He asked me to raise the correction request and make it as instalment type

I have the below queries based on above scenario
1. Instalment type should be corrected on Mom's PAN also? since we have made only single TDS payment from mom's pan and there won't be further payments from her PAN. So this should be Lumpsum or Instalment?
2. When i raised correction request for changing it to instalment type from my PAN since i have made two TDS payments, the first challan of 60k i mentioned as instalment type.
The problem arises when i modify the second challan. When i select 'YES' on the checkbox whether this is the last instalment?, It considers complete agreement value of ₹1,03,19,000 while calculating TDS. It is not considering the previously paid TDS from mom's PAN and my PAN's first challan in this calculation.
While modifying the challan i have mentioned stamp-duty value as same as amount being paid currently

How should i proceed?

I am writing to report difficulties with my income tax refund.

Despite multiple attempts:

1. Bank account validation has failed for all my bank accounts, despite entering accurate details, including account numbers, IFSC codes, and branch names.

2. I am unable to download the ECS (Electronic Clearance Service) form.

Please assist me in resolving these issues and processing my refund successfully.


Requesting guidance on:
- Correcting bank account validation errors
- Obtaining the ECS form
- Alternative refund options (if necessary)

I am unable to register on income tax portal as a CA.
An error appears "The Membership Number entered
does not exist. Please retry." My membership number
is 277667 and I enrolled as a member on 1 April
2024 and took COP on 11 September 2024
please help me to solve this problem.

My wife and I jointly purchased a property in 2022 (50-50 share mentioned in BBA). we have funded the property together almost in a 50-50 ratio as well.
the first two instalments (one in 2022, and one in 2023), we filed form 26QB for the full amount from my wife's PAN.
The last instalment is to be paid in October 2024.
This year I want to claim LTCG tax benefit by showing investment in the sai property.

Do I need to submit form 26 QB from my PAN ?
Should we correct past form 26QB, and show half TDS paid by each?
Can I just submit this instalment TDS entirely?

i am paying rent above Rs 50,000/month. Till last FY i was deducting tds @ 5% on it every march. but post budget there is revision in rate of TDS from 5% to 2% wef from 01.10.2024. I wanted to confirm whether there will be any seperate deduction @ 5% till September and 2% from October onwards.

As this provision says that TDS is to be deducted in last month of financial year or last month of tenancy. So according to me there should be only one deduction i.e. @ 2% in the month of March 25.
Please assist

Hi,
Can we claim 44ada ( presumptive taxation) if all other conditions are met for our professional income if we also have loss from owning and maintaining horse under the head "other sources".

Can you please guide.
Regards,

How to show turnover ratio in TAR clause 40 case of f&o ?