I want to pay tax of previous years as i was working cash in hand salary below taxable slab . Interest earned from FD/RD/Saving interest in 2015-16 was 12000 and in 2016-17 was around 11000. Is it possible to pay tax in this year for previous years or do i need to pay any fine for that? Please help me for this query. Thanks in advance
I want to file tax of previous years as I was working cash in hand salary in NIL tax slab . Interest earned from FD/RD/Saving interest in 2015-16 and 2016-17 was 12000 and 11000 respectively. Is it possible to file tax in this year for previous years? Please help me for this query. Thank you
Hi its regarding my deceased dad’s returns, which was filled by mom online as legal heir.. but now the refund cheque which we recieved is in dad’s name.. what r our options?? ITR was filed as legal heir by mom, but still cheque came in dad’s name.. thank you for help in advance..
I spend around 2.5 Lakh per annum using my credit card. I do not file any income tax. Am I liable to pay taxes on the money I use for my purchases through credit card? Will the Income Tax Department contact me regarding the same?
I have received the Intimation U/S 143(1) for my ITRV and it mentioned that I have to pay some of the amounts to TAX. which was already detected from my company and it’s not reflecting on My ITR.I have some amount mismatch as per my form-16 submission. I have done my IT return through HR block. can you please clarify me on this
My. PAN is BDBPS3355M. I have applied for e-filing IT return on H&R Portal for FY 2016-17. The status of e-filing states it is in queue since last 3 days. Hereby request, can some one look into it,as to why is it taking so long
Hello ! My PAN is BDBPS3355M . I wish to File return for FY 2016-17 (belated).I have a Post Office SB account and as per requirement I would like to include this Post office account also in the list of Bank accounts in my e-filing return. But the Post Office do not have IFSC Code. How to include Post Office SB account in the List of Bank Accounts??Please advice. …. Thanks Aruna Shah
I have been living in Finland for more than a year now. I am filing my income tax here on my global income though I have my Indian employment. It is an on-site assignment. I had filed a refund request in India as both the countries have single tax treaty. I submitted my ITR as an NRI in August and it has been acknowledged. But I have not received my return yet or any information regarding the same. What should I do? Also, I have heard that now NRIs will have to close their PPF account but what if someone is about to come back in few months?
1. The cost – i have a referal coupon from Axis bank, but the cost increases if i apply the coupon.
2. What all documents are needed to file ITR for NRI customer. I have already uploaded the documents and details i have.
3. I do not have Form 16
4. Do you need information on tax filed in Germany like my Tax ID?
Recently I surrendered my LIC Pension policy and I received a lump sum amount if Rs.2,44,000/-. This policy was for 15 years terms and annual premium was Rs.10,0000/-.
I would like to know how much amount should I add in my current year earning from other sources? Should I add RS.2,44,000/- or RS.2,44,000/- + Rs. 1,50,000/-(deduction claimed u/s 80 in previous years).
Please inform as I need to work out my Computation.
I’ve filed ITR-3 as a professional and have opted for presumptive tax scheme (50% of gross receipts). I’ve received the following notice u/s 139 i.e. defective return.
a) The Gross receipts is not mentioned in the Profit & Loss A/c, OR b) The profit shown is less than 50% of the gross receipts as prescribed u/s 44ADA but has not mentioned the maintenance of the books of accounts and audit report u/s 44AB in Part A-General and the total income exceeds the maximum amount not chargeable to income tax.
a) Gross receipts to be entered in the Profit and loss A/c. b) Declaring profit of 50% or more of gross receipts as per Section 44ADA c) Filling the Part A of Schedule Balance Sheet, Part A of schedule Profit & Loss and details of audit report in Schedule Part A-General if your total income exceeds the maximum amount not chargeable to income tax.
Below is a link to a screenshot of the relevant section of my ITR-3 (Section : Profit and Loss Account). According to my understanding, Point 1 to 52 are blank because I’m not required to maintain a regular book of account or get audited (as per 44 ADA).
1) I’ve mentioned the gross receipts in Profit & Loss A/C, point 53 (ii) (for professionals)
2) Profit is 50% of gross receipt
3) Not required to maintain book of accounts or get audited as per 44-ADA
I’m wondering what’s the mistake for which I got a defective return notice ? https://i.imgur.com/z5tBbed.png
I got Outstanding Tax Demand for AY 2014-15, I thought there is some mistake from IT dept. so I Disagree with Demand, however I noticed this year that the Chalan Number date was wrong in the original ITR. I tried to correct it by rectification but when I enter the CPC number its says incorrect details, please let me know how I can correct it?
I filed my tax for FY 2014-2015 and received a letter of TDS mismatch. The mismatch is due to the advance tax paid which was deducted by the seller before making the final payment. Seller has provided the receipt of the challan (Form 280) with BSR details but that transaction is not reflected in my (seller) Form 26AS. As a result, I owe that much amount of tax even though it was paid by the buyer before making me final payment. So my question is following- How do I trace this transaction so I that I can claim the proper credit? Buyer provided the copy of challan.
I am new taxpayer filled ITR for first time. Expected ITR refund value is around 1.75 lakh. I filled itr and e-verified it on june 2017. Status saying EVC accepts. When can I expect ITR to get processed and initiate refund? Could I get query as return amount is pretty high?
I am a housewife. My PAN is BDBPS3355M.
I do not have any Salary Income.
But I have Interest Income of about Rs.1.30 Lac for Fixed Deposit.
I have never filed returns earlier. I do not have Income above Taxable Limit but to be more transparent and use this information as and when required for some purpose I would like to file the IT returns for FY 2016-17.
Would you please advise whether it is advisable to file returns.
Also in the FY 2015-16 I had earned Interest Income of around same amount, but Corporation Bank where I have my saving account and where I have FD , they had deducted Rs.186/- as TDS erroneously though it was not applicable. I would like to file return for FY 2015-16 also, not that I am worried of Rs.186/- but just to avoid any future queries from IT dept if any.
Kindly advise whether I should file returns. Your opinion will be of great assistance to me.
Hello ! My PAN is AAYPS5928H. I had received email from H&R Block that the necessary revisions has been done and I should see the revised Computation for FY 2016-17, and if I find it comfortable, I should revert to same mail stating my acceptance to take up the next action. I have sent the acceptance 3 times in last 4 days but I have not received any advise regarding subsequent action. Can anyone look into it. …. Regards, Ketan Shah
I had filed my income tax return but forgot to add self assessment tax that I had paid. Now I have received an intimidation u/s 143(1) and I am being asked to pay the self assessment tax. What should I do now? Can i file a revised return after rectifying the mistake?
My father bought house in my mother’s name where she is an home maker and does not have any mode of income.Property was purchased on July 2016 worth 17 Lakh and my mother gifted to on April 2017.Should my mother has to show this property in an it filing or I can show this property as rental in 2018 it filing.Source of income for this property is mixture of my father’s income plus my salary income and cash gift from my mother’s mom.
From my previous employer I had travelled to UK in 2004. Company had withheld the Total Tax Deducted at source and I was entitled to get refund under the British law and the company did not give the money back.
After several reminders and legal notice they paid amount with interest in 2016. In the form 16 it has been shown as 2016-2017 income and again tax is deducted on that income.
My Question is – Since I have already paid tax in UK for my income in 2004 can I claim back the TDS paid by my previous organizaton as it seems to be double tax for my case.