Suresh S. Tejwani
08 March 2025 at 14:34

regarding section 234c.

A taxpayer has paid 100% of his assessed tax as advance tax on 15th march. But he has not paid any advance tax in QTR-1, QTR-2 & QTR-3.
Is he liable to pay interest u/s 234C for QTR-1, QTR-2 & QTR-3 in this case scenario?


NB
08 March 2025 at 12:50

Clubbing of spouse's income

Refer to the below article on clubbing of spouse's income

https://economictimes.indiatimes.com/wealth/tax/income-from-asset-transferred-to-even-your-daughter-in-law-will-be-clubbed-to-your-income-and-will-be-taxable-in-your-hand-in-this-case-says-income-tax-dept/articleshow/118685554.cms

Can colleagues help explain that if gift to spouse (monetary or otherwise) is not taxable, then how can return from such gift in the form of income be clubbed with the giver's income.




varinder kumar
08 March 2025 at 09:31

Adjust penalty under Section 139(8)A

Whether penalty under section 139(8)A can be adjusted under Rebates of Section 87A


naveen kumar
08 March 2025 at 06:30

Penalty u/s 271AAC(1)

If total assessed income 10 lakh includes addition of Rs.7 lakh u/s 69 of the act. How we calculate penalty u/s 271AAC(1) of the Income tax act? Plz reply.


varinder kumar
07 March 2025 at 17:22

Update ITR U

How we file updated ITR without penalty of Rs.1,000/- when assessee already submitted ITR but now submitting increased income with increased tax but below income of Rs. 5 Lakht


Noyal Michael
08 March 2025 at 16:15

Deductions in Relief u/s 89

Hi,
I am seeking clarification regarding the computation of Section 89(1) relief for an individual who has received salary arrears amounting to ₹12,00,000 in FY 2024-25. The arrears pertain to the financial years 2019-20, 2020-21, and 2021-22, during which the individual did not file income tax returns. Salary received in the respective PY's are as follows 2019-20: ₹163,000 , 2020-21 - nil and 2021-22: ₹450000. Also he was having ₹1,50,000 deductions for all those years for which proofs are readily available.
1. Will it be wrong to consider those unclaimed deductions including standard deductions while arriving his tax on total income including arrears in the course of relief calculation?
2. He was having income less than taxable limits for the first 2 years ie. 19-20 and 20-21. But for year 21-22 his income exceeds 2,50,000. Whether non-filing of return attracts rejection of his relief claim?
3. Also in 10E filing , the form demands to fill the total income, should we show net income after deductions there?
4. Should i file belated return for Fy 21-22. Since ITR-U does not permit deductions and moreover, I have come across interpretations suggesting that deductions not claimed in an ITR may not be considered for relief computation , would it be advisable to avoid filing ITR-U for FY 2021-22 and directly proceed with Form 10E for relief under Section 89(1)?
Can someone help me out? Thanks in advance


Bhauti Soni

what is TDS Rate for sale of property by nri within 24 months? TDS rate for short term property sale by nri? At which tds rate tds should be deducted by buyer?


Suresh S. Tejwani
07 March 2025 at 13:14

REGARDING DTVSV

IF PAYMENT OF 100% TAX MADE BEFORE FILING FORM 1 & 2 THEN IT IS ELIGIBLE FOR FORM 3 DETAILS OF TAX PAYMENT?


Suresh S. Tejwani
07 March 2025 at 11:00

Regarding Appeal Fees

IN ITAT APPEAL AMOUNT OF 10,000 NEED TO BE PAY UNDER WHICH HEAD 500 "OTHER RECEIPTS" OR 300?


Divyesh Ajmera
07 March 2025 at 09:41

Regarding Appeal Fees

In ITAT appeal amount of 10,000 need to be pay under which head 500"other receipts" or 300?






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