This Query has 1 replies
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.
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If I renew my mediclaim in advance for next financial year today, can I claim tax benefit of it in current financial year?
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Whether assessee can claim in two years u/s 54EC not exceeding the limit of Rs.50,00,000 investment.
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?
This Query has 5 replies
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.
This Query has 3 replies
Dear Experts,
Can HUF show contract income - (1% TDS contract) as income?
If yes, is presumptive taxation available?
Pls advise
Regards,
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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
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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?
This Query has 6 replies
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
This Query has 3 replies
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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Tds claimable in updated return