This Query has 4 replies
An US citizen residing in India for more than 8 years. She filed IT returns regularly showing her interest income more than 10 lacs and after claiming deductions u/Ch.VIA.
Last year she made an investment in NRI deposit a/c. from where she received interest after deducting TDS at 31.2%. She also receiving interest from non-NRI a/c in India also. She purchased a residential house in India from the money transferred from US account.
So, please advise me 1) How she have to disclose her US citizenship in IT return? 2) Is there any different slab of tax is applicable ? 3) Where to inform about purchase of residential house purchased from US a/c.? 4) Can she claim deductions u/ch. VIA?
This Query has 1 replies
Sir
one of my Assessee"s PAN already linked with Aadhaar . But while filing ITR a message is displayed Pan does not exist .This error is persist for a couple of year , so that we are unable file the return .We sent email to efilingwebmanager @ Bangalore they sent a token number but till date the error is persisting . Even though we try to re register again all data automatically filled but communication address PIN code not accepting and unable to move further. I humbly request you to give me a solution to solve this error . This is happened only in the new portal
With Regards
S M Basha
This Query has 3 replies
grossly incorrect assessment order under income tax act ignoring submissions and evidence dated 11 th may. Which is the last date for filing appeal- 9th June or 10th June?
This Query has 3 replies
Request Experts to clarify the following doubts about AIS/SFT. Thanks.
1. Is the AIS/SFT information updated from time to time? If Yes, how does an assessee come know when the update has been completed?
2. When AIS shows dividend information including TDS thereon, why is that the same TDS figures are not reflected in the TDS/TI/TTI schedules as a part of the pre-filled information? This means asssessees have to manually fill in the TDS details, thereby defeating the purpose of ease of filing the ITR.
3. 26AS TDS figures are said to be those that the I-T Dept. accepts as 'final'. However, in many cases, several TDS items in 26AS are not reflected in AIS and/or in the TDS schedule of the ITR. To which Section of I-T Dept should these omissions be brought to the notice of the Dept. in the form of a Grievance?
3.
This Query has 1 replies
Sir,
At the time of purchase of product my freight charges is given by company .Now here freight is not my expenses , under what head freight charges will comes.
More over discount on purchase ,coupon , tour expenses, is given by company at the of purchase. Under what head this will be include.
Please advise.
This Query has 5 replies
Dear Sir,
If a person is having a pending loan can this loan be repaid by her mother in a single transaction. Later in a spam of 4-5 years the person will return her back the amount which she has transferred to the loan account of his son. His mother's name is nowhere mentioned in the loan account. The loan amount balance is of 1 cr.
Is it ok if this transaction happens. Will there be any compliance issue for them from Income tax.
Please help me in this matter.
Regards,
Divyesh Jain
This Query has 1 replies
Dear Experts,
One of my family members has recently received ITR Notice of 143(2)/144B and request your expert opinion on the same. exact wording of the notice as follows :
"You may submit or cause to submit any evidence on which you may rely in support of your return of income electronically in "Eproceeding " facility through your account in e-filling website .
" it is advised that you should gather all the information ,documents,evidencs etc in respect of various financial transactions you have entered during the assessment year under consideration.,
which may be relevant for the scrutiny proceedings,Detailed questionnaires or communication may be issued during the course of the assessment"
However this is no specific mention of Limited or Detailed scrutiny in the notice or any specific question.Kindly let me know your suggestion on this .
Thanks
Nitish
This Query has 1 replies
Respected Sir,
My client last year deposit a income tax challan for ay 2022-23 in bank. Unfortunately said challan could not be claimed in AY 22-23 return. My query is said challan can be claim in AY 2023-24 ITR. Taxpayer already submitted a request in grievance to convert ay 23-24 instead 22-23, but not solution is displaying in grievance. It is not possible to taxpayer to correct assessment year in said challan from AO office.
This Query has 3 replies
CAN I FILE INCOME TAX RETURN FOR A.Y. 2022-2023 NOW ?
This Query has 1 replies
Dear sir,
Our company paying Internet charges (WIFI/LAN) to vendor, TDS is applicable or not ?
If applicable so under which section have to deduct ?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
US Citizen earned income Income