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G.GOVINDARAJAN
This Query has 2 replies

This Query has 2 replies

Premium amount of Rs.95000 paid to HDFC SL ProGrowth Flex Plan for five years. Sum assured is Rs.38,00,000 after 10 years. If the Policy is surrendered after 5 years lock-in-period, what will be the tax effect on the excess amount received? The premium amount of Rs.95000 is not claimed deduction u/s.80C in the previous years.


ankit kumar
This Query has 1 replies

This Query has 1 replies

How can I request a refund of the automatically adjusted Demand Notice amount of 7500 for AY 2022-23, which was settled in the refund Intimation order of AY 2023-24? but on Filing Rectification for AY 2022-23, the ITR was corrected, and no tax liability was raised in the Rectification Order. ? Now How can i get 7500 Back ?


PRIYA
This Query has 1 replies

This Query has 1 replies

16 November 2023 at 12:53

Taxation on medical expenses

how is reimbursement of medical expenses incurred on parent taxable in salary?


Mahenthiran
This Query has 7 replies

This Query has 7 replies

15 November 2023 at 13:54

TDS DEDUCTED 1% INSTED OF 20%

WE HAVE DEDUCT THE TDS 1% FOR INDIVIDUALS, PAN CARD IS VALID BUT INOPERATIVE, SO THAT INCOME TAX DEPARTMENT RAISED DEFAULT NOTICE. NOW HOW TO PAY THE DIFFRENCE AMOUNT IN SARAL TDS SOFTWARE (OR) TRACES WEBSITE. HOW TO FILE CORRECTION STATEMENT THROUGH ONLINE MODE OR OFFLINE MODE. WHAT IS THE PROCEDURE, KINDLY EXPLAIN ANYONE REGARD THIS MATTER MOST URGENTS.


D Mandal
This Query has 1 replies

This Query has 1 replies

A central Govt. organization didn't file its 24G but filed quarterly 24Q for the FY 2010-11 and AY 2011-12
Because on that period it was not mandatory to enter BSR and Challan no for the Govt. deductor.
One of the deductee's tds updated with wrong and now his pan rectified with correct pan.
But the Income Tax Department is asking to update booking of status from P to F.
On that period all deductees have submitted their ITR and processed accordingly except wrong pan candidate.
My question how to resolve this issue ?


Roshan
This Query has 1 replies

This Query has 1 replies

I have bought a property from an NRI. I did not deduct any TDS as the NRI has a nil tax deduction certificate from the Assessing Officer.

Do I need to file nil TDS return in this case, or not file anything at all? Is there any formality that I need to do?


Pooja
This Query has 15 replies

This Query has 15 replies

I am a salaried individual in a psu. I am opting for old tax regime for the financial year 2023-24. My father is a senior citizen and was treated for one week in a hospital empanelled under my psu. I have been reimbursed the hospital expenses by my employer.Under which section can I claim the deduction of this medical reimbursement?


Leo A/cs
This Query has 1 replies

This Query has 1 replies

While checking status of party pan number ,Pan status showing inoperative but showing not specified person u/s 206AB & 206CCA. Do we need to deduct TDS on higer rate or normal rate.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

14 November 2023 at 14:07

Gift transactions allowed

sir,
it person cash Gift transactions different dates detailes mentioned below f.y. 22-23
1.Dt:10-05-22 Cash gift from Mother rs:190000/- through on cash mode
2.Dt:25-05-22 Cash gift from Brother rs:180000/-through on cash mode
3.Dt: 17-06-22 cash gift from Husbands brother rs:170000/- through on cash mode
4.Dt: 24-06-22 cash gift from Mothers brother(uncle) rs:160000/- through on cash mode
Query:
Assessee above gift transactions from relatives allowed in it act.


Babu
This Query has 1 replies

This Query has 1 replies

I am a senior citizen. I had filed a (original)return of income for the AY 22-23 u/s 139(4)(Belated) since the legalities of hiership was to be arranged) in the capacity of legal hire on behalf of deceased husband claiming a refund on 17/08/2022.
But unfortunately the return was assessed as demand due. Subsequently another return (revised)was filed on 19/12/22, for which no remedy was made out.
Now when i try to file a rectification/revised return the department site demands that it shoulf be either Modified/Condoned/ 139(8).
Since the original return was filed belatedly should I go for condonation?
Or else shall I get the return rectified by the Assessing officer of jurisdiction?
Will you please advice






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