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Chandra Kala

Sir,
I filed 10BD in Assessee portal. I got aknowledgement. But in Assessee portal it is not appeared.


Sethu Raman
11 July 2023 at 10:29

Filing u/s 89A-reg

(1)To file Form-10EE for the eligible tax Assessee, they can file as usual or they have to wait for Govt notification for each year?
(2) This form is online form like 10E or offline DL and then filing online b4 ITR online filing?


rmalhotra
11 July 2023 at 10:26

NRI TDS and refund claim

Sir,

NRI has received credited of an interest of Rs. 110000 in his NRO a/c from savings and time deposits in bank and TDS @ 31.2% approx Rs34320 is deducted u/s 195 of income tax act.
He also received payment of Bima Bachat scheme of LIC Rs 61500 approx as income and tax @5% aprox Rs 3075 TDS u/s 194DA is deducted. These are only income he earned and received in India. So against his gross income of Rs 171500 a tds amount of Rs 37395 is deducted.
So there is query:-
His Total Income is less than taxable limit and not liable to pay tax except for TDS already deducted.
1. Can he file ITR return within time and claim this refund ?
2. Will he file return as per slab rates old /new scheme.??
3. Is he to be taxed as NRI at TDS rates or any other special rates for above incomes.???

Pls guide .


TARIQUE RIZVI

Respected Sir

30-4-2021 i.e. financial year 2021-22
To
21-10-2022 i.e. financial year 2022-23

Total RCM Rs 2,25,657 for the period from 30-04-2021 to 21-10-22 (18 months) has been claimed in 3-B of Oct 2022 filed on 20-11-2022. I would like to know RCM claim for two different financial years whether will be allowed.

PLEASE GUIDE ME AND OBLIGE










Daya

while maintaining books of accounts of proprietorship firm How to maintain bank account that is opened jointly bank account.


mohamed ali & co

What is the due date for filing audit report Form 10B for the charitable trusts for the asst year 2023-24. Can the experts tell me please.


Daya

I Have to maintain joint bank account of proprietorship firm , My question is that how to maintain receipt and payment and also Interest earning how to divide between joint bank account.


Varun Deshpande
10 July 2023 at 19:14

Is benevolent fund is Taxable?

My mother received Rs.600000 as benevolent fund in FY.2022-2023 after death of my father. I would like know that is benevolent fund fully taxable, partly taxable or exempt from tax?



ramesh gajwani

I selected advance tax for AY 24-25 while paying self assessment tax for AY 23-24
I submitted letter to AO 15 days ago to correct the mistakes , but corrections have not yet been made in record
Now if I receive demand notice, how to reply and close the matter?


Learner
10 July 2023 at 17:28

Related to ITR U for AY 22-23

I am salaried with TDS @ 30% (per Old Regime) along with Capital Gains ( Equity / Debt MFs ) earned during FY 21-22. No ITR has been filed for this period. Neither Original, Nor Belated. But I had made payment of Self Assessment tax, due to which tax deposited is more than my tax liability.

Now, as I am trying to file ITR U for this period ( AY 22-23 ), the Tax Advocate, whose help I am seeking, tells me that ITR U cannot be filed since refund is not allowed (as tax deposited is greater than tax liability) and that I would have to increase my tax liability by showing additional income to be able to file ITR U. I am not sure how I can increase my tax liability when I don't have any other income for this period.

Based on above, request for guidance on following queries :
1) Whether I can file ITR U ?
2) Whether any additional charges, such as penalty etc., are payable, considering that tax deposited is more than my tax liability for this period (AY 22-23) ?







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