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) ?

Sir,

Whether Form 10BD is necessery incase of non receipt of donations during the financial year 2022-2023

Dear Experts,

In one of the case, individual has taken loan of Rs 25L for house purchase and improvement. However agreement value of the house is Rs 11,42,000/- . Hence differential is towards House improvment. Please advice whether interest and principal towards house improvement can be taken as deduction in income tax? since there is no seperate break up , total loan of Rs 25L is for both.

Regards,

can a assessee gave his/her business(Marriage hall renting) to his/her spouse as a "GIFT"?

How to give effect as per income tax? Please explain and what is the procedure to do like that.

Thanks in advance.

I filled HP schedule but the interest is not being reduced from the total income. and this interest showing in Schedule carry forward losses.

In the TRACES portal, can a TAN-Holder tag the unconsumed challans in his/ her TAN against the pending demand? If yes, what are the steps one should follow? Do we need another software to do so?

Hi all the members of CA club India,

Please let me know what consequences will be there for a buyer of land if he/she makes payment more than rupee 2lacs in cash?

Query

Can I claim HRA and House loan interest both

I live in Delhi on a rental property and my family in Rajasthan in own house

Rajasthan property registered on my wife name but home loan paid by me and my name is also given by bank on annual interest statement.

Ay 21-22, Ay 22-23 Both return filled timely but not verified till the date, so i want to file ITR U For both
So, my question is while the filling itr u ,we have to choose previously return filled and need to enter Acknowledgement Number and all Or Select No Return filled earlier ?

Because If a filed ITR is not verified, then your income tax return will not be treated as a valid return by the income tax department.

I have left my job last year march 2023 after working in that Company for 9 years . I got a Gratuity of Rs.9,13,600/- . During IT return filing for 2022-23 income , I have put this in exception section 10 (10) as shown in my form-16. But during filing it is not accepting and showing as error. Also E-filing site recommends that Maximum limit is 20 lacs and put this as 20 lacs. But my actual received gratuity only 9.13 lacs , how I can show 20 lacs in section 10(10).