A fee of INR 5000 is imposed under Section 234F in ITR 1 for using an offline Excel-based utility. I wish to submit a "rectification request" to claim tax credits for unclaimed challans.

The initial return was filed under Section 139(1), but upon attempting to change the section in the rectification request, an error was encountered stating that the original return's section cannot be altered.

I proceeded to upload the JSON file with the 5000 INR fees and submitted the rectification request.

I seek advice on how to avoid incurring these charges.?

I had filed a rectification under Section 154, but the offline utility tools are not designed to prepare rectified returns. The return was corrected using the utility tools, and the amended version was uploaded as a JSON file in the rectification request.

Under Which Section We Should Prepare ITR-1 in Offline Utility Tool For rectification request for correction in data for Self-Assessment taxes paid ?

Respected sir,
One of my client want to form a HUF by taking gift from his father. He want to keep the name of his HUF on name of his wife. Suppose his name is Mr. Banwari Lal and his wife’s name is Vinita. Then can he create name of his HUF as “Vinita Devi (HUF)” although KARTA of this HUF will be Mr. Banwari Lal. Please guide.

With regards
Subhash

Sir,
My Company has develop a website from Australian company, now we have to pay Rs.70000 to Australian Company, As per RBI purpose code for foreign remittance- P0802 Software implementation/consultancy (other than those covered in SOFTEX form).

As Per income tax act, remittance is made by an individual and does not require prior approval of RBI. Remittance is of the nature specified under relevant purposes code as per RBI.

TCS on foreign remittance threshold limit is above 7 lakh.

Please guild us which Form 15CA PART need to fill, Part-A, Part-B, Part-C, Part-D or not require?

Thanks & Regards,

In ITR 6 which schedule dereciation rate 60% can be found out

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Income u/s 11 (3) is Rs 19,70,000 (accumulated & not spent within 5 years) is taxed @ slab rate or @ 30% as per section 115BBI expln. b.
Assessee has filed Form 10 for the F.y 2017-18 within the duedate.
But while filing A.Y 2023-24 ITR-7 Rs 1970000 is showing taxable @ 30%
Pls try to resolve the query.

Thank you for your reply Sir.

what could be reason for this ? Banks are pre- validated but not able to figure it out what is the reason.

Sir,
How the amount credited on maturity of PPF A/c to NRO A/c will be treated under Income tax rukes!
The PPF account was opened as Resident Indian but after few years the status changed to NRI.
Would appreciate kind advice!

While uploading the json file for IT filing (ITR5),displaying an error message like 'CAUGHT ERROR DESCRIPTION AS NULL'.

My sister, an American citizen, of Indian Origin, recently passed away in India. She had, by an email sent to her son ( also an American Citizen ) just a few days prior to her death, given instructions on disposal of her funds lying in her late husband's NRO account in India.
The son is complying with her wishes.
We, her siblings, are the recipients of these funds. Are we, under the IT Act, exempt from paying gift tax on the same ?