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how to solve
T_FV_6351 error in th latest 2023-24 Q4 error RPU file
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Do we have to report all investments when filing ITR-1, even if there is no income tax liability after claiming deductions for investments?
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Respected Sir,
I am Paying my Tax Liability by myself in the form of Advance Tax ,instead of TDS through my office.Office clerk says that by doing office may get I.T.department notice.
My question is 1) Really such notice can serve department to office.
2) Can I deposite tax on office TAN with my name sothat I can prove deposite tax is filled by me.
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How to solve
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Other special allowance 10(14) error in TDS return-error code 6351
can somebody plz help
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AY 2017-18
Head: Capital Gain out of Long term residential property
No exemption availed, straight forward tax to be paid
Seller: (1) Mrs. J (75% share) mother
(2) Ms. N (25% share) daughter
Buyer: (1) Mrs. R (100% share)
Case summary: (i) capital gain has been rightly shown in Mrs. J (75%) and Ms. N (25%)
(ii) TDS credit has been claimed accordingly of 75% and 25% in both
(iii) But, buyer Mrs. R has deposited 100% TDS credit on the PAN of Ms. N only. Hence all the 100% credit is reflecting in 26AS of daughter Ms. N
Problem: (i) As we have claimed 75% tds credit in Mrs. J there is a shortfall credit of 75% in Mrs. J
(ii) As we have claimed only 25% credit in Ms. N there is an Excess credit of 75% in Ms. N
Return status: (i) As on 14/05/2024 rectification order has been passed by local AO where Mrs. J has not been provided with any credit of 75% as there is no credit reflecting in 26AS of mother Ms. N
Query: What would be the way that Mrs. J can get the credit which is excess in Ms.N?
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I had taken a 15-year BIma Bachat Policy for Sum Assured: Rs. 1,00,000/- on 11/10/2008 and paid single Instalment Premium of Rs. 79,213.00 with date of Maturity: 11/10/2023.
On maturity I have been paid Rs. 1,04,713.00 by LIC in my account with TDS deduction of Rs. 4500/-. (Reflected in AIS as "Receipts from life insurance policy-Section 194DA"by LIC: Rs. 90,000).
Please help me with the following queries: and advise me on how to reflect this in ITR1 filing for Income Tax for AY24-25:
a. What is the INCOME for FY 23-24 on this account?
b. How much is taxable income and
c. is it "Other Income" or other head?
d. What to do with the TDS already deducted?
Thanks for your help and support.An early response will be highly appreciated.
Yours Sincerely,
Prof. (Dr.) M. Goswamy
This Query has 7 replies
DEAR SIR,
WHILE FILING ITR FOR THE ASS YEAR 2024-2025 WHEN OPTING OUT FROM NEW TAX REGIME TO OLD REGIME COMPULSORY FILE FORM 10IEA. NOW IF PREVIOUSLY FORM 10IEA NOT FILED INDIVIDUALS JUST DEFAULT THE NEW TAX REGIME AND FILE THE RETURNS. THOSE WHO HAVE NOT CHOOSED NEW TAX REGIME IN THE PREVIOUS YEARS FORM 10IEA NOT REQUIRED TO FILE JUST DEFAULT NEW REGIME FILE ITR
PLEASE CLARIFY ME
REGARDS
This Query has 2 replies
Dear Sir/Madam,
I am my wife in joint ownership have purchased a flat in Greater Noida, Uttar Pradesh and paid the total consideration( including 1% TDS ). Both of us paid half of total consideration individually to complete full consideration. So, now builder has asked to pay the stamp duty and registry fees.
Kindly resolve following queries.
Query (1) Whether the stamp duty can be paid by any one of us or will have to be paid up by both of us to SHCIL , Uttar Pradesh ?
Query (2) Whether the stamp duty can be paid by online NEFT mode ? I am preferring NEFT mode.
Query (3) Whether the Registry fees can be totally paid online as well ? Builder asked me to pay it 1% cash but I prefer online.
Pls advise.
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