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One of my relative Senior Citizen Age 72 yrs(F) having Family Pension up to Rs. 3,00,000/- p.a. and Interest on Fixed Deposit up to Rs. 30,000/- p.a.. She has submitted form 15H/G every year to the Bank having Fixed Deposit.
In FY 2023-24 Bank Deducted TDS on Interest on Deposit up to Rs. 8000/-. Can she filled ITR return to claim Refund of TDS deducted . Is there any Penalty/ Late Fee Charges for filling Return of more than One years.
Please advise.
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We have submitted all the documents to TDS circle officer they told after 15 working days Challan will show in our System. Then they immediate transfer from PAN to TAN.
Please confirm they told 15 days. In goggle the time shown 7 days.
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A CLIENT RUN A CSP BRANCH OF STATE BANK OF INDIA HE WITHDRAWL CASH FROM BANK AND DISTRIBUTE TO THE ACCOUNT HOLDERS OF CSP ACCOUNTS
DEPARTMENT SEND HIM NOTICE TO EXPLAIN THE REASONS OF CASH WITHDRAWL
HOW TO MAKE REPLY TO NOTICE
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Can educational trust in india buy luxury car on its name?
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Sir,
one of my friend has daughter . She is stay in Canada. She has currently getting income from rent Around 45,000 per year in India . She become Canadian citizen with in 2 month.
let's me know
1. If any problem after become Canadian citizen , she earn rental income in India.
2. best tax plan method which one .
Please advise
with regards
Binu
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tax year 26-27 me tds on rent in non-audit case, tds amount on rent payment - monthly or yearly.
agar monthly hai to challan me point no. 6 me is the income tax being deducted due to the end of the tax year or due to end of the tenancy- ye do option kyu aa rahe hai?
and no. 7 me bhi total amount of rent credited / paid during the tax year aa raha hai, but no.7 me total amount of rent credit/paid in last month aa raha hai.
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If a partnership firm pays rent to his partner exceeding Rs.50000/- p.m., whether TDS is applicable U/s. 194T ?
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1) As per the Income-tax provisions, can we pay TDS for both company and non-company deductees using a single Challan , or is it mandatory to use separate challans (0020 and 0021)?
2) Can we pay TDS for multiple sections (such as 194C, 194J, etc.) in a single Challan ITNS 281, provided the deductee type is the same?
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If a person buys through Stock Exchange Listed 10.75 IFCI Bonds due for redemption on 1.8.26 at Rs. 44000 ( Face Value Rs. 10000, with a tenure of 15 years) which are to be redeemed at Rs. 46255/- only on 1.8.2026, will he be taxed on Rs. 36,255 as Interest under Income from Other Sources or on Rs. 2,255/= only as Interest,i.e., being the difference between Redemption Price and Purchase Price. Since these are not Zero-coupon Bonds, these are not eligible to be shown as Short Term Capital Gains if held upto maturity. Shall be grateful for Opinion.
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Hi CA Club India,
I used to purchase goods from a buyer during Financial Years 2023–24 and 2024–25. The buyer deducted TDS from my payments during those years.
However, the buyer filed his company audit return, income tax audit return, and all pending TDS returns very late—in February 2026 (during Financial Year 2025–26)—for both Financial Years 2023–24 and 2024–25.
On the other hand, I had already filed my Income Tax Returns for Financial Years 2023–24 and 2024–25 within the due dates, but at that time the TDS deducted by the buyer was not reflecting in my Form 26AS/AIS because he had not filed the TDS returns yet.
Now the buyer has issued me TDS certificates (Form 16A) for Financial Years 2023–24 and 2024–25 and is advising me to claim this TDS in my Income Tax Return for Financial Year 2025–26.
My question is:
As per the provisions of the Income Tax Act, am I allowed to claim TDS for Financial Years 2023–24 and 2024–25 in my Income Tax Return for Financial Year 2025–26?
If yes, please explain the relevant provisions, rules, and practical treatment with accounting entries and examples. If not, what is the correct legal course of action available to me?
Thanks & Regards
Deepak
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
TDS Deducted in spite of Form 15H/G Submitted