Dear Sir,
Tax Audit Report with ITR-6 both were uploaded together on 30th Sept but the very next day the CA was expired unfortunately but the UDIN is yet to be uploaded with the DSC of the deceased CA. Please guide me what to do in such a case.
If an assessee whose income is in hundreds and wants to file ITR U for bank loan purpose, how much is the minimum tax that the assessee must pay to file ITR U and The tax amount without which the ITR cannot be filed?
Sir I have HUF in the name of my father how to change the existing karta after his demise as my father was the karta previously,As well i do not no HUF deed i have only PAN card of HUF.Please give me the solution.
Hi
One of our client is working from India for an Qatar Company, he has received a salary income from Qatar Company in Dollars directly credited to his India Bank account with all details how many dollars received and conversion rate as on date.
He filed the Returns with normal India Salary income for FY 2025 - 2026.
He received an email to report the foreign assets, how he can file the revised returns disclosing his foreign salary income.
Please suggest.
Thanks
Abdul Razack
Hi,
if we have bought an assets in mar'26 and calculated the depreciation accordingly (depreciation on usage as per number of days)...in next year the "used/remaining life" will be 2nd yr or it will be 1yr (as it was bought in march'26)
I have undisclosed account in ICBC bank China with around 21960 CNY since 2018 and currently it could be dormant. It was opened anticipating some potential business but not materialized due to COVID etc. However, now received SMS from IT system to utilize FAST DS26 scheme till Dec26. I have checked in compliance portal and see the account reflecting with balance of 21850 CNY and interest of around 110CNY for CY 2022 & 2023 ie total of around Rs 314,500. I have accepted the amounts in compliance portal. Now my query is should I utilize the FAST DS26 and pay Rs 189000 ie 60% of total balance as tax or will the Rs 20 lakh immunity protect me from 120% levy if I dont avail the scheme. I will have to consider the entire amount as income as the current account is dormant, i dont have any bank statements as of now and will not be able to show source etc as is very old and not sure if ICBC will share statements without reactivation of account etc. The deposits was by way of sale of samples I was carrying during that time. I have been resident all through. Please advise.
Client got e-mail and text message from Income Tax Department regarding information of Foreign Assets. Client had RSU, dividend received on those shares and capital gain, which we have declared in last 2 IT Returns. Client also holds bank account in which there are no transactions. Little transaction were with respect to pin money that was transferred for home maintenance. Bank account was not declared.
Do we still have to fill and declare it in FSAT-DS
A flat was purchased in the name of my wife and son, in which we all family members reside. Whether my unmarried daughter can contribute her own finance in the renovation expenses of the flat ?
Broker issued tax invoice for commission of sale of goods ..
Taxable 25000
Tax 18% -
So question is do i need to deduct tds on 25000 taxable amount at rate of 2% and deposit till next month 7th date ?
A Taxpayer is seeking advice regarding an Old Tax Demand for AY 2012-13 that has been used to adjust their AY 2026-27 refund
But
Not adjusted and full amount of refund against the said demand was credited to the Taxpayer Bank Account
And
Even the Taxpayer has not submitted any response to the said demand notice issued by department to adjust their demand against refund for AY 2026-27.
According to the Taxpayer, the said demand was not payable, as the relevant taxes had already been paid. In earlier years, the Tax Payer had submitted a response against the said outstanding demand, duly supported with documents/attachments which is still evident from the Income Tax Portal
But
The actual response, supporting documents/attachments and A.O.'s consequential order/reasons are not presently available/visible on the Income Tax Portal.
The physical records are also not readily traceable with the taxpayer.
Please advise next course of action to get this demand officially closed from the Income Tax Portal as it is deemed that no demand is outstanding towards the taxpayer which is evident that the taxpayer received full amount of refund for AY 2026-27 and Income Tax Portal still showing that the taxpayer submitted response in earlier years against this demand although no records are available on the Income Tax Portal.
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