P.Madhivadhanan
This Query has 1 replies

This Query has 1 replies

27 March 2025 at 22:13

Tds claimable in updated return

An assessee have income during the assessment year 2023-24 Rs.425750. He had Tds credit of Rs.4200. Here after rebate u/s 87A , his tax liability is NIL. But he have to pay fees u/s 234F Rs.1000.
For this he can utilise Rs. 1000 out of TDS Rs.4200 and the balance Rs.3200 not claimed as refund or claim refund. As per updated return no possiblity of claiming refund.

In this situation whether we can utilise Rs.1000 to pay 234F fees or instead of utilising tds for paying fees u/s 234F we have to pay Rs.1000 as self assessment tax.


Chahat Khanna
This Query has 1 replies

This Query has 1 replies

27 March 2025 at 22:06

80D Mediclaim Deduction for renewal

If I renew my mediclaim in advance for next financial year today, can I claim tax benefit of it in current financial year?


Chandra Kala
This Query has 1 replies

This Query has 1 replies

27 March 2025 at 18:23

Capitalgain - under section 54EC

Whether assessee can claim in two years u/s 54EC not exceeding the limit of Rs.50,00,000 investment.


MONIKA SALHOTRA
This Query has 3 replies

This Query has 3 replies

In the month of March 2025, advance payment is made to a consultant on the basis of Performa Invoice and TDS is deducted at the time of making the payment.
My question is when should the TDS be deposited against consultancy? In the month of March or later at the time when the bill is received?


Satish Mehra
This Query has 5 replies

This Query has 5 replies

27 March 2025 at 14:14

144c Draft order

Dear Sir, I received a Draft Order U/s 144C and I want to appeal against it before DRP. How to file appeal before DRP - manual or online, and in which form. Please guide.


Dipen
This Query has 3 replies

This Query has 3 replies

27 March 2025 at 13:16

HUF - Contract income taxability

Dear Experts,

Can HUF show contract income - (1% TDS contract) as income?

If yes, is presumptive taxation available?

Pls advise

Regards,


Vivek Shrivastava
This Query has 1 replies

This Query has 1 replies

Respected Sir/ Madam,
One of my Govt. Body Client ( Fishery Department ) deduct Tds u/s 194c @2% of an Insurance Company, on payment of Rs 55.00 lacs and insurance is for their fish stock. My question is it correct or not because Insurance company said tds is not applicable on Insurance company. Kindly Resolve this issue.

Thanks & Regards
Vivek


Rosario Melvin
This Query has 1 replies

This Query has 1 replies

27 March 2025 at 10:17

Tax Harvesting on Shares

Please let me know is there any restriction on tax harvesting as per Indian rule? If it any, What the limitation framed on Tax harvesting?


Pooja
This Query has 6 replies

This Query has 6 replies

27 March 2025 at 08:01

Tax on inherited shares

I have received shares of my father after his demise as I was nominee in his demat account what will be the capital gain treatment of these shares


R.KANDASUBRAMANIAN
This Query has 3 replies

This Query has 3 replies

26 March 2025 at 22:08

Updated return ay 2023-24. NRI

Dear sirs. We are filing the updated return for NRI for ay 2023-24 ITR 2. Senior citizen while calculating tax interest under section 234 A b c not calculated as it is coming automatically in general. Tried many times but persons aged below 60 it is calculated. How to rectify this error in forms. But ITR IS VALIDATED BUT without interest how’s to file. Pl advise






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