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Ankit kumar
This Query has 5 replies

This Query has 5 replies

Dear experts
This is a case of company.
I forgot to claim TDS of Rs. 2600000 in ITR of assessment year 2022-23.
Can i file rectification under tds credit mismatch or what are the other actions under income tax Act which i can take?
Please guide?


Abhijit Kolte
This Query has 1 replies

This Query has 1 replies

24 March 2023 at 22:24

ITR for deceased person

My father expired in october 2022. He left behind some term deposits which are going to expire in sep 2024. These term deposits bear an interest rate of 9% so I do not want to break them until maturity.

If I do not break the term deposits, in whose ITR should the interest be added?

If I register myself as a legal heir can I file my deceased father's ITR for the financial years of 2023-24 and 2024-25 and also claim TDS?

Can the same person be the legal heir of both his deceased parents?


Pramod
This Query has 3 replies

This Query has 3 replies

Dear,

Greetings of the day.
Please help in the below issue.

Employer offered 15Lakh Salary upon a 2 years bond, if he did not serve the job for 2 years and break the bond he have to refund 4Laks rupees to employer.

Due to some reasons he left the job and paid back to employer 4 Lakhs. The TDS is deducted on 15Lakhs.

Employee asked his employer to mention 4Lakhs in FORM16 but employer denied and saying "deduction for not serving the agreed tenure, these deductions will not fall under tax exemptions".

As employee already paid TDS on total 15 Lakhs now is it possible to take tax advantage on that 4Lakh recovered amount?

Please help

Thanks




N.V. Siva Ram Prasad
This Query has 3 replies

This Query has 3 replies

Dear Sir,
Is there any possibility for filing Income Tax Return for Fy 2021-22 after 31.03.2023, if so please help me in this matter ASAP Sir


samkitjain
This Query has 1 replies

This Query has 1 replies

My Client Purchased Lifetime Membership of a Club in 1995 at Rs. 40,000 which he then sold at Rs. 5,00,000 on March,2023.

I wanted to ask whether this transaction would attract Capital Gain Tax or I should put it under Income from Other Sources?

Also whether Lifetime Membership purchased is Capital Asset under the provisions of Income Tax Act,1961?


Piyush Bhatia
This Query has 3 replies

This Query has 3 replies

24 March 2023 at 11:58

Property tax related query

please inform if a person dies without will and his property gets transferd to his son but not mentioned in income tax and later on (after few years ) he transfers the property to his son as gift what are the tax compliances?


Rohit Gupta
This Query has 1 replies

This Query has 1 replies

24 March 2023 at 11:44

44ADA and Stock Market Loss

Hi, I file my income tax under section 44ada
I have some stocks in my demat from March 2020, which are in loss of 80k at the moment.

If I book loss in my stocks, will I be able to set it off against profit from my profession (I am a website developer).

Or I have to carry forward loss?

Any other way to set off this loss with my income?


Naveen Yadav
This Query has 1 replies

This Query has 1 replies

24 March 2023 at 11:10

HRA and Home Loan transfer

Hi,
I have a home role on the house which I purchased in 2019. I am thinking of transferring the house to my parents and want to avail HRA on it.
Have a couple of questions:
- If I remain the joint account holder in the home loan account (given I am not the owner now), can I avail HRA on the property?
- I have taken the benefit of home loan in tax deductions earlier, what is the implication of this on that tax saved earlier?


meenakumari natarajan
This Query has 1 replies

This Query has 1 replies

kindly guide me with tax laws for the excemption for unearned leave on private affairs encashment on retirement


Mayur Kolte
This Query has 5 replies

This Query has 5 replies

How to get tax relief when client has deducted tax outside india and with that country we dont have treaty agreement. I want full process like form and other document we get from other country , submission to dept , due date of submission etc .

Regards
Mayur






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