I had a demand in AY 2021-22 and a Refund in AY 2022-23. Now on cpc processing demand of 21-22 is adjusted against 22-23 refund (even after disagreeing with the demand). Now after filing rectification for AY 2021-22 the demand was quashed and stands nil. So now how can I claim the refund amount back as it was adjusted with the demand?

Hi,
suppose a company is considering its staff as consultants...and the company is a franchisee of a big brand and if the brand gives some amount as dinner/lunch (which employees can take) to the franchisee company to distribute among the staff, then will there be any tds on that amount or we can show as reimbursement of expenses ?

I need filled Form 26 Q & 24Q for the F.Y. 2008-09.

Expert, kindly guide how to get the filled forms as filled by previous employee & we did not find data.

Sir,

Revise return can be done online from Income tax website??

I just revised my 26q and it got rejected, Do we know the reason for rejection ??


- Ashish

I have filled TAN Application and made due payment of Application through Net Banking. However I could not generate the Acknowledgement Receipt as there was some error in the website. I have received the e-mail regarding generation of Acknowledgment Receipt. However I am unable to generate Acknowledgement Receipt which I require to print in hard-copy and send it to defined address in Gurgaon . Kindly guide me how to generate Acknowledgement Receipt of TAN Application??

Pan mismatch occurred due to a wrong entry in the TDS return in Form No.24_Q3 for the current F.Y. 2022-23. The actual PAN is “AGHPP6795Q” but wrongly entered as PAN “AGHPD6795Q” for the month of OCT’22 to DEC”22 but NO default was made (statement status in TRACE shows Processed without default) and only red color was there on PAN in the consolated file. We used RPU 4.5 software for the said return. We tried to enter the actual PAN for the correction statement but at the time of validation (through FVU 8.0) message shows “T_FV_6260 Count of section 194P statement records must be provided only for Form 24Q, financial year 202122 Quarter 4 Onwards”. Kindly let me know how to overcome the default that occurred. Regards, Tarak Kumar Roy, 150/1/1, Banerjee Para Road, P.O. Naihati-743165, West Bengal

Dear Experts,
I have applied for Form G for closure of Capital gains on behalf of my deceased father. Initially the AO accepted the documents and has asked me to submit an indemnity bond together with all the legal heirs authorising me as the sole representative. When I was there to submit the same, the AO says the PAN does not come under his jurisdiction, he will transfer to the respective jurisdiction as per the latest address in my father's aadhaar. Even though the address under PAN was updated the jurisdiction wasn't transferred. Kindly let me know if the contention of the AO is correct. I am having a hard time with the department. Kindly help.

Regards
Sathyanaath K

Please let me know any late fee or panelty applicable for late filling of return of Qtr 4 of F.Y. 2008-09

Expert please advise as I have received one notice from department.

WHAT PROVISION OF TDS IS APPLICABLE IN CASE ROAD SIDE ASSISTANCE PROVIDED BY THIRD PARTY TO DEALER OF BIKES AND CARS.

The assessee was holding a Slum property in X area.. The BMC wanted to expand the road where the slum was situated. Hence, the BMC entered into tripatriate agreement between BMC, assessee and builder to accommodate the asseessee in one of the flat in the building in Y area being developed by the builder. The stamp duty value reported in index 2 was NIL. Thereafter, on the same date, the assessee and builder entered into repurchase agreement where the builder bought the property from assessee at a nominal value but the stamp duty value reported in index 2 forming part of repurchase agreement was 1.3 cr. The tripatriate agreement and the repurchase agreement both are entered on the same date.

How will the capital gain be computed for the assessee. Whether it will be at the stamp duty value of 1.3 cr or at the nominal amount received by the assessee from the builder?