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rmalhotra
This Query has 4 replies

This Query has 4 replies

19 January 2023 at 14:52

NRI and Repatriation

Sir,
Being a NRI , on its maturity I recently closed my PPF a/c and total outstanding balance amount was credited to my NRO a/c by the bank .as maturity amount is not taxable in India. It was tax free.
Now I want to repatriate whole corpus of that PPF amount thus credited from my NRO a/c to my overseas a/c in US..
Query is as under.

1. Can I repatriate this total corpus of PPF amount to my overseas a/c
2. Is there any taxation on its repatriation from NRO a/c.
3. Can I repatriate under head D of Form 15CA as Not Taxable Amount.

Pls guide on above points



Sanjay
This Query has 3 replies

This Query has 3 replies

19 January 2023 at 13:02

HRA claim for the FY 2022-23

Sir,

Please solve my query my one of the relative is working under Public Sector organisation she receiving HRA around Rs. 91000 yearly she staying in the house of her parents but she paying monthly rent to her parents Rs. 7500/- pm i.e early Rs. 90000/-.

Please guide me she is eligible for claiming the HRA allowance while filing the ITR and what
is documents need to maintain.

Thanks & Regards.
sanjay


Dinesh
This Query has 3 replies

This Query has 3 replies

19 January 2023 at 12:46

Advance Tax payment with TDS effect

While calculating quarterly advance tax liabilities TDS should be deducted, My question is TDS amount as per company Books of Account record or as per 26AS, which should be consider, and if there is difference in TDS amount in both record.


Himanshu
This Query has 3 replies

This Query has 3 replies

Hi Everyone,

My question is that whether we have to deduct the TDS on Subscription fees for the purchase of OTT Voucher [like Payment Subscription fess for the purchase of Amazon Prime Videos, Hot Star subscription].
Please let me know in which section we have to deduct the TDS.

Thanks
Himanshu


H Thakar
This Query has 7 replies

This Query has 7 replies

18 January 2023 at 16:39

TDS on Salary paid to Domestic helper

I am Individual resident & having investment income and i also have hired staffs to maintain and look after my property i.e. like housekeeper, personal accountant, etc. As my personal staff i am paying salary from my personal account.
As an Individual i don't have TAN number.
I just wanted to know that whether TDS provisions will be applicable in future, if yes then how to manage the same.


kiran padyal
This Query has 1 replies

This Query has 1 replies

Minimum Percentage of PAN Number required for TDS Return is valid upto which year? and 100% PAN from which year?


PUJA DUBEY
This Query has 1 replies

This Query has 1 replies

19 January 2023 at 16:08

Regarding carry forward losses

In one of our cases there was carry forward losses of Rs. 7766600 till assessment year 2016-2017.
The bifurcation is as follows:-
Assessment Year Losses

15-16 2823050

16-17 4943550

Total 7766000

The same losses has reflected in my above Return of Income tax till assessment year 2016-17. While submitting the ITR for A.Y 2017-18 by mistake the above carry forward losses were not considered, the loss of A.Y 2017-18 was only considered and carried forward.

This has continued till assessment Year 2022-23 the carry forward losses of Rs. 7766000 is duly reflected in the ITR and disclosed to income tax till A.Y 2016-17. Sir, how can I deal with the above issue that arose due to clerical error, so that the above assessee would be entitled and take the set off of above losses Rs. 7766000.

I would like to mention that this was audit case cover under section 44 AB and even every year the audit report and ITR is submitted in due dates.


ARUN GUPTA
This Query has 8 replies

This Query has 8 replies

17 January 2023 at 20:59

Tax saver fd issued in my name

I have a joint savings ac with my son and i am 2nd joint holder. I made a tax saving fd of Rs150000/ online from mobile application for my son. But the fd is issued in my name. Can my son claim the income tax exemption. Please clarify?


MADHU GSTP
This Query has 1 replies

This Query has 1 replies

17 January 2023 at 20:16

Verify Return-Not Done with in time

Dear sir

Verify Return-Not Done with in time so now Now while Verify this is message (Since the return is not verified within the time allowed, same is deemed to be never furnished)

please Advise me What to do and I have 25000- Refund Amt

Thank in Advance


Keyur
This Query has 3 replies

This Query has 3 replies

17 January 2023 at 17:31

EPF Calculator with defination

Sir/Madam

Required EPF Calculator in excel format
Also required following-
1) detail definition of Salary means and other definition
2) If Basic Salary more than 15000 then on how much EPF will be deduct??
3) IF Basic Salary more than 50000 then on how much EPF will be deduct??
4) If someone contribute EPF only on Basic Salary and not to contribute in EPS then it is possible or not??






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