1. Can we submit Form 27C online? If yes, please prescribed the procedure.
2. Time limit for the submission of declaration in Form 27C.
3. Penalty or Late filing fees for the submission of declaration in Form 27C after due date.
Please reply.
To get the password, eaither Toekn number or TAN registeration number required. since I have not yet deducted any TDS so Token number is not available. How to get TAN regiseration number. I have TAN acknowledgement number but that does not work. As per google search it is 12 digit number. How to get it ?
So i am unable to login in TRACES as deductor and cannot download TDS exemption issued by AO for purchase of property from NRI.
Please help.
The assessee has computed and filed his ITR on 30.07.2022. While computing & filling the data in his return on 29.07.2022, the income tax website, through which he was filing himself displayed an amount of Rs. 48,770/- to be paid as tax before uploading the return. The assessee paid the said amount online through State Bank Of India and filed the return early morning on 30.07.2022. The ITR was assessed almost immediately and his 143(1) has been generated on 30.07.2022 itself without taking into cognizance the payment of Rs. 48,770/-. The intimation u/s. 143(1) shows an outstanding demand of Rs. 48,770/- (the same amount as mentioned above).
The assessee has responded in the "Response to Outstanding Demand" section of the income tax portal stating therein that he "disagrees" with the demand (because the tax was already paid on 29.07.2022 & the demand was raised on 30.07.2022). He chose the option "with open challan" and responded. However the section showed "there is no unconsumed challan" against the above amount of Rs. 48,770/-. The assessee has however, chosen the same and replied.
The questions are :
Will the response be entertained by the income tax department without uploading the paid challan for which there was no option given in the said section of the portal ?
What should the assessee do now since he has already paid the amount as self assessment tax even before the demand was raised ?
Shall be thankful for an early response.
My wife is a self practicing doctor and she got Intimation u/s 143(1) for ITR4 of A.Y. 2021-22 . It shows Opted for 115BAC : As provided by Taxpayer (yes) , As Computed u/s 143(1) (No).
ITR4 is still showing under process in income tax portal. What should i do ? Form 10IE filed already
What will be the capital gain and how to invest on 2/9 th share of inherited ancestral property after fathers death in 2017 by myself, brother and my mother as legal heir where myself and my brother falls under 30 % income tax bracket and mother is dependent with pan and will have a sell value of 30 lakh. The property is close to 70 year old. How to know the cost of accustion for such a old property.
Dear Experts,
My Father wants to Gift Shares valuing 50 lakhs to my (Son’s) HUF. This Huf consists of me, my wife and my son. Can he transfer this dividend earning asset without attracting any tax. Please advice.
I read many articles But it has created more confusion, then giving clarity.
Also if yes, will there be any clubbing of income from the asset transferred for the donor.
Thanks in advance 🙏🏻
Please suggest . If we want to change our register address in Professional Tax Certificates due to office shifted from one place to another within city . How to change address ?
I had purchase M S Angle for factory building expansion purpose saller showing loading charge on invoice of Rs. 2000/-, & freight 5000/- total bill amount with GST RS 15,00,000/-, should I deduct TDS on this invoice under labour charges, Kindly guide
I am unable to file my IT RETURN FOR 2021-22 FY. MY INCOME IS LESS THEN RS500000/ AFTER TAX REBATE I WON'T HAVE TO PAY ANY TAXES UNDER OLD REGIME.
WHAT PENALTY AND LATE FEES WILL I HAVE TO PAY? PLEASE ADVISE?
We have a firm which has earned a profit of Rs.9 lakhs last year (fy 21-22) One of partner has retired and a new partner joined the firm in feb last year (feb'22) . Now when we pay retiring partner's capital rs.3 lakhs + rs.3 lakh profit and int on capital rs.45000. How much income tax liability retiring partner will have ?
Will the retiring partner have to pay tax on entire Rs.645000 ? Asking this question as someone told me that retiring partner does not have to pay income tax on any amount he gets on retirement from firm. Is this true ?
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Regarding Form 27C of TCS