Asif Ali
This Query has 3 replies

This Query has 3 replies

27 July 2023 at 00:00

Tax Payable in itr-1

Dear Sir,
Tax payable Rs. 16000 while filing Itr-1
My query is any option is available to file itr1 with zero tax liability and no risk in future or should it pay Rs. 16000?
What will be the best please guide me....
Thanks in advance..


Kr Jain
This Query has 1 replies

This Query has 1 replies

while filling ITR 3 I have not entered any amount under SEC 80U Sch VI . During validation the error comes"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000". As suggested by Mr Dhirajlal on 21st June I have deleted SEC 80U under Schedule C and D. Still same error is coming. Kindly review

Read more at: https://www.caclubindia.com/experts/itr3-filling-error-in-schedule-via-deduction-u-s-80u-for-self-with-severe-disability-cannot-be-mor-2901689.asp


Khushal Rawat
This Query has 3 replies

This Query has 3 replies

26 July 2023 at 23:44

Forget Income Tax login ID Password

Dear Sir,
A Taxpayer forget his login password. Aadhaar is not linked with PAN. Some disability on his thumb. So option of DSC can not be use. A application sent to income tax in e-mail id "validate@incometaxindia.gov.in" but this email id is not valid. Now the taxpayer have any option to reset his login password.


Deepak Rawat
This Query has 3 replies

This Query has 3 replies

HI Experts,
I had filled my ITR for FY 2021-22. At that time one of my client had not filled TDS and the same was not showing on my Form 26AS. Thus, I didn't claim that TDS amount and didn't carried forward.
After my filling of ITR, the client filled TDS.
Now, can I claim that TDS amount in my ITR of FY 2022-23 as the same was not carried forward?


Firoj Alam
This Query has 2 replies

This Query has 2 replies

26 July 2023 at 20:53

The error on validation

The error on validation "In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000" continues to occur in efiling @ ITR3 while I have not claimed any disability, nor filled in anything at 80U. Kindly advise


A Kar
This Query has 2 replies

This Query has 2 replies

Can anyone tell me where to put it? There is one section called Short Term and Long Term Capital Gains, but that is added to Taxable STCG at applicable rates, instead of at 15% in the BFLA sheet.

Thank you.


Rasiklal Shah
This Query has 9 replies

This Query has 9 replies

For shares purchased before 31/1/2018, there can't be LTCL?
For example I have inherited Eicher Motors shares before 31/1/2018. So I don't know purchase price. The price on 31/1/2018 is ₹ 27,347. I sold on 12/30/2022 for ₹ 3450. Now can I claim LTCL of ₹ 23,897?
Thank you


Manjunath
This Query has 4 replies

This Query has 4 replies

I had RSU which I sold on October-2022. Now I am not holding any RSU. Should the RSUs I have sold be declared in foreign assets or not?

Thanks,
Manjunath


Narendra Shah
This Query has 2 replies

This Query has 2 replies

error message in itr 3 no accounts case


S
This Query has 3 replies

This Query has 3 replies

Hi,

I was given a joining bonus of approx 2 lacs when I joined a new company 2 months back. Now I am quitting this job for another one and have been asked to return the amount in full back to the employer, only then they will process my full and final settlement. I have requested them to adjust it in my salary slips so that it is not shown as separate income on my Form-16. Ideally I want my form 16 to include only the salary of 2 months that I worked there and not the joining bonus as that is increasing my tax liability.

However, the company is not agreeing to do so and wants to show 2 months salary plus bonus on my Form-16. They are claiming that I can claim refund while filing ITR at the end of the financial year. However my concern is that Form-16 is the proof of my income from that employer, is it legal for me to just change the value while filing IT return? If so, what is the appropriate section to claim this in as deduction? More so, is it legal for the company to show the bonus as my income when I am returning it to them? Please help me understand this at the earliest as my last working day is in a week. What should I do?

Thanks






CCI Pro



Answer Query