Student studying in UK has received notice asking her to file Income Tax Return for AY 22-23
In her Form 26AS Interest on FD is shown which i will show as income under other sources
In form 26AS there are entries by HDFC and HSBC Bank under TCS u/s 206CQ. She has trfd funds from her india account to UK account. Funds have been trfd from her parents. TCS is not deducted since amount is below threshold limit
My question is whether above gross amount shown u/s 206CQ needs to be shown anywhere in income tax return ?
My ITR 3 e-filing was successfully validated. But cannot go further to Proceed to Verification. I was getting error message while clicking on it. Error states - Bad request. Request: Post Tried clearing cache, different browser, different system but same error. Kindly suggest how to resolve it.
Is Income Tax Department changed to download the CSI file for submission of e-TDS returns from TIN-NSDL? Will we have to download the said CSI file after login the Incometax.Gov.in portal?
I am a managing committee member in a cooperative housing society and I need to file income tax return for our cooperative housing society located in Pune, Maharashtra.
Now, my tax consultant is saying that he doesn't know the way to show the surplus as indicated in our audited balance sheet as not an income while filing the Income Tax Return form ITR 5.
My question is how does one show / claim in the ITR form 5 that the surplus (and member contributions) in case of a cooperative housing society is not at all the profit as such and is not the taxable income of the society? Which specific entries are needed to be made while filing the ITR 5 form in this regard?
Hello,
If I transfer 1lac per month from my credit card to my wife's saving account, is this taxable income for her? Or a Gift from me?
If she sends the amount back to me in my savings account or directly pay it back in my credit card using Billpayment portals, does this balances it out and we don't need to show it anywhere?
Basically, I want to achieve monthly milestone of my credit card to gain some rewards and apps like BharatNXT, Paytm or Cred allow me to transfer amount to her savings bank account.
Please advice if this practice sound ethical and justifiable just to earn CC rewards.
Dear sir,
I wish to reprint of pan card but the no data is available in income tax department. What to do?
Dear Sir,
DSC was expired few days back. Now new DSC is prepared in USB token. But surprisingly, I am not able to see 'Register DSC' in my profile section. Is there any change in procedure for registering DSC on new portal. As after the introduction of new e-portal DSC was successfully registered and it is also showing that DSC registered- YES but could not see the option for 'Register DSC' in profile section. Please guide.
thanks in advance.
When any payment made to resident and tds not deducted or tds deducted but not deposited before the due date of return filling, 30℅ of expenses disallowed under PGBP in income tax act. My doubt is that wheather any disallowance if tcs collected by the assessee not deposited within due date of return filling.
"pan mentioned in the return in verification part does not match with pan of authorized person"
We are filing AOP/BOI return in ITR -5 but it is showing above-mentioned error. What can be done? All details are correct
After my father's demise due to Covid'19, my mother has received around Rs. 17 Lakhs from Bank, since she was the nominee. After which she has created a FD in her name. This has caused the reporting of purchase of FD by bank.
Please note that my Father was a salaried employee and all his tax returns are filed up to date i.e. for year after demise as well, and all his income/ money was tax paid money.
To respond the same in IT website under e-campaign, what should be my response or what should be selected? Since its not a auto renewal, it says, money given to person Rs. 0 & money received from person against FD Rs. 17 Lakhs
Suggestions are open, thanking in advance
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