hello!

In my case, have filed Income Tax with advance tax paid. After filing was processed a demand was raised against Advanced tax not paid. I raised a grievance in income tax portal with details of advance tax payment. They responded acknowledging the payment was there but in filing there is a small error in the amount quoted (Rs 30 less in the filing vs actually paid) hence credit of that advanced tax payment was not given.
The solution they gave was to refile with the correct amount in the filing.
Problem: the time to refile with rectification is Dec. we got the directions too late for dec filing and missed the refiling deadline.

Can anyone help with what I should do next? I have raised multiple more grievances asking Income tax department how to proceed but to no response.
Is there a way to refile with rectification post dec? or is there anyway for me to ask them to give the credit for th advance tax paid already?

Thank you in advance!

Hello
Following are my queries
1) Interest received from builder for failure of give possession of flat is Taxable?
2) If the Interest received from builder for failure of give possession is taxable then in which income sources we have to require to report?
3) Any deduction is applicable for above interest receipt?

What is the timeline to get the refund of TDS for cancellation of sale deed?

I am employed in a Pvt Co. Chennai

Till last FY i used to send my investment details to salary team for tax purpose.
My query is for calculation of Income tax is these investment details is applicable.
I also need clarification regarding this year income tax. And also i need clarity regarding
New Regime and Old Regime


Thanks and Regards
Suresh R

RESPECTED
AN ASSESSEE PAID ADHAR PAN LINK CHALLAN IN LATE FILING OF INCOME TAX RETURN CODE. NOW WHEN HE GOES TO LINK ADHAR PAN, IT ASKS TO PAY CHALLAN, IS ANY SOLUTION FOR THIS TO TRANSFER CHALLAN VALUE RS. 1000 TO ADHAR PAN LINK CODE? PLEASE HELP ON THIS

Hi Assessee constructs residential property in hos own land and sells it. Can he file income u/s 44AD for the building sales

sir,

What to do if return filing is delayed for any reason and 31st December passes.

Can a HUF earn commission income and show it in its return of Income.????

Hi,
I booked a flat in 2018-2019 total amount of 90 Lakh.
I have paid upfront about 60 Lakh. Somehow project got delayed and to date, the property has not handed over.
Now in the same project builder is offering a Villa at 1.5 CR and I want to upgrade. In this case, they will be signing a new agreement in February 2024 and will transfer the 60 Lakh paid earlier in to villa account.
And as per CLP (Consturction link Payment) I have to pay 20 Lakh.

Should I deduct TDS on 20 Lakh or 80 Lakh (20 Lakh payment now + 60 Lakh Paid in 2019)?

PS: In 2019 there was no requirement to deduct TDS so I haven't deducted that time.
Old Flat booking was neither registered nor possession was given.

PURCHASE LAND 2020-21 PURCHASE VALUE 35 LAC...


LAND RECONSTRUCATION COMPLETE DEC 2023 TOTAL CONSTRUCATION EXPENSES 15 LACS

THEN WAT IS DEPRCIATION RATE IN FIN YEAR 2023-2024
AND HOW TO CALCULATE DEPRICIATION ON THIS ASSET ON THE BASIS OF TOTAL VALUE 35+15 OR ONLY 15 LAC
PLZ REFER INCOME TAX SECTION ALSO
THANKS IN ADVANCE