This Query has 9 replies
Additional depreciation @20% for plant & machinery acquired during the year is allowed for a company engaged in manufacturing activity. Please help how to include such additional depreciation in Clause18 of Form 3CD?
This Query has 2 replies
sir, after due approval, legal heir successfully filed ITR of her deceased husband giving savings bank account number of deceased which was inadvertantly already closed by them. It is quite imminent that said refund is going to be failure as no bank account exists. In such cases what course is available to legal heir to receive the due amount of refund. pl advice.
vijay kulkarni
solapur.
This Query has 9 replies
Sir,
Can I will submit pending tax return in old tax regime? Today
This Query has 2 replies
I have not filed my ITR for AY 2024–25. I have only salary income and interest income, so I am filing ITR-1 as an updated return under section 139(8A). My question is: Can I file it under the old tax regime?
This Query has 2 replies
What are the precautions to be taken to receive liquid cash of Rs. 22 lakhs from father? Is a gift deed required? Father took a loan from the bank to pay this amount to his son. He wants to give this to another person
Also, how much money one can carry with him.
Pls advise
This Query has 6 replies
I had filed Representative Assessee request yesterday for the fifth time, but it was rejected once again by Income Tax Department. I have submitted required documents i.e. PAN card of deceased, Aadhar card of all legal heirs, Letter issued by SBI stating particulars of nominee as valid proof of legal heirs certificate, death certificate.
why Income Tax department is rejecting my request again and again, and due to this, I am not able to file ITR. I have also submitted grievance yesterday, but I did not get response/ feedback from Income Tax Department.
Also, whenever I have tried to contact IT department numbers, it was not connected.
now, I am confused about what to do?
This Query has 4 replies
Dear Experts,
We filed the revised TDS return (Form 24Q) for F.Y. 2024-25 with proper support and compliance. However, we are facing the below issue:
Our employees have not received credit for the TDS in Part A of Form 16.
While the tax payable and the gift card amount under the Perquisites head have been correctly updated for all employees in Part B, the non-reflection of TDS credit in Part A has resulted in increased tax liability by the amount of TDS on the gift card portion.
Please note that we had duly added the challan in the revised statement and also reported the deduction details against that particular challan while filing the revised return.
👉 Issue Summary:
Challan paid and reported in revised return.
Deduction details linked against challan.
Part B updated correctly (tax + perquisites).
But Part A is not showing the TDS credit, leading to mismatch.
We request guidance from experts on:
Why this TDS credit has not been updated in Part A of Form 16 for employees even after revised return filing?
What exact steps should we take to resolve this issue?
This Query has 4 replies
WHETHER THE NEW COMPARATIVE NON CORPORATE FINANCIAL STATEMENT FORMAT ISSUED BY ICAI SHALL BE APPLICABLE FROM A.Y. 2025-26 (I.E. F.Y.2024-25)?
This Query has 2 replies
Hello,
Can you guide me following
One house property in jointly name of Husband and wife
Can house rent received and municipal tax paid claimed by wife and
Housing loan interest claim her husband??
Thanks in advance
This Query has 2 replies
Sir.
Yesterday I make advance tax payment on online through Hdfc bank. I used otp mobile number for for E payment .After payment unfortunately electricity gone and I not get payment of payment. I again login otp and serach but such payment history not see in otp login.
I also approch bank,they says such facilities currently not available in hdfc bank.
Please advise how to get advance tax challah
With regards
Binu
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Tax Audit - Insertion of Additional Depreciation in Form 3CD