Sir i am suffering from heart disease and i have to take medicines on daily basis which costs Rs. 35000 per year. can i claim under 80DDB. I AM A GOVT EMPLOYEE

Dear Experts,

In one of the cases , buyer of the property has not paid 1% of transaction amount towards TDS. What can a seller of the property do to claim TDS? Can he officially intimate income tax department about non compliance on buyer's part?

Also will the buyer receive any notice from income tax department for not paying TDS? If yes, within what time? It is already 9 months from date of registration of property.

Regards,

Dear Sir

I Have linked pan with aadhar but portal is showing the pan aadhar link status from 10 days. and when i was callijng for OTP , portal saying that link aadhar.

Pls help !!!

Dear Sirs,

My father died last financial year 2021 . For financial year 2021 i registered my mother as legal heir and filed my fathers income tax return under his PAN.

My question is how to file return for FY 2022 . My father has received fixed deposit interest and dividend into his savings account , under his PAN for FY 2022 . TDS has also been deducted for the same .

Can i just add my fathers income to my mothers income and file under my mother's PAN ?

Can i enter the TDS deducted under my Father's PAN into mothers IT return . if that is not possible how can i show the TDS deducted in my mothers return so that total tax to be paid is less. I read another post here where advice was given to file father's return with no income but with TDS entered in order to get refund , is that advisable ?

Thanks in advance.

Dear Sir,

One of my client has purchased a property and wants to make TDS payment. He has made the payment to the builder in 2 installments. He paid Rs. 32 lacs in Feb 2023 and 32 lacs in March 2023 and has also applied for loan for balance payment to the builder.

My query is do I need to fill Form 26QB separately for each payment made. Also what should be the date of payment I must put for the installment he will receive through loan. Bank is insisting on making entire TDS payment including loan amount.

Please help me in this matter.

Thanks,
Divyesh Jain

Dear Sir,
In our organization in appointment Letter we agree to pay Rs. 300000/- to a employee after completion of 3 years.

We made provision for Retention payable for first two year but we have not yet paid as 3 years yet not complete

Please confirm whether we have to deduct the TDS on this amount in first 2 years. and if we paid the TDS for first 2 years and employee leave the organisation before completion of 3 years. what will be accounting treatment.

thanks in advance

IF Assessee is Trading In FY 21-22, and Turnover From Option Exceeds 1 Crore then TDS Provision Is Applicable On Him or Not?

Can we opt for Sec115BAC new tax regime while filling revised return for AY 2022-23, if the original return u/s 139(1) was filed under old regime.

1. I have paid 100% property payment to builder. At possession TDS is applicable on 1 year Advance Maintenace & Society development Charges payable to builder which is 100000(1 lac)
2. What value to be shown in while filling form 26 QB.
1.Total value of consideration(Property Value):Rs 1 lac or property value which value to be shown
2.Total Stamp Duty value of property:Rs 1 Lac or property Value which value to be shown?
3.Total Amount Paid or credit currently:1 lac or anything else?
Kindly guide on above point.
Is it to filled under Form 26 QB only or any other head?

I filed ITR-2 for the A.Y. 2022-23 reflecting Rs. 1,54,136 as the losses of the current year arising out of the interest paid towards a housing loan on a self-occupied second property. The intimation received u/s 143(1) reflects that the income computed u/s 143(1) has not taken into consideration this amount and has modified the column showing the losses of the current year to Zero. As per this calculation under 143(1) whole calculations of ITR have changed and the intimation reflects the demand of Rs. 20,330/- . I may kindly be advised to get the same rectified.