Hi,

I purchased a property in year 2015 worth ~1Cr, with my wife being first owner and I being second owner of the property. We took a home loan from HDFC bank and they disbursed loan installments to the builder. Since my wife was first owner, TDS was deducted by her at 1%.

However, since my wife was not earning, she did not file income ta return for AY 2016-17. For this assessment year, there were total payments of approx 65 lakh to builder, on which TDS was deducted and deposited.

My wife has now received a notice under section 148 for reassessment of income. In this respect, I have following questions in consideration that we need to file for AY 2016-17:

1. There is no option to show property purchased in any ITR form, and she had no other income. Should we chose ITR1 or ITR2? Is there a place to indicate anywhere that she deducted TDS for property purchase?

2. We actually tried and prepared return XML using section 148 of income tax return preparation utlity. However when we try to upload it online, it shows only option to chose from u/s 92 CD and 119(2)(b). Section 148 is not an option.

3. We tried to choose section 139 in our ITR and it failed to upload again as now it asks for filing ITR after condonation of delay. However, online portal does not let us file condonation request as well, telling there was no return that was received after due date.

Please help how to approach this. We have never concealed any income and this return was not filed as there was no income.

Also, since TDS was deposited by my wife, is it recommand that my wife shows this amount as gift money received from me? I paid all EMI to bank.

Thank You in advance!

SIR
CAN ANYBODY PROVIDE ME REPLY LETTER OF ASMT-11 WHO HAVE SUBMITTED TO GST AUTHORITY.

TREAT IT AS MOST URGENT

KAPIL BHATIA

Hi
I want to personally consult a professional who has accounting work experience in manufacturing companies. Use of standard costing , adjustment of variance in wip and closing stock,calculation of stock value,
, monthly accrued expenses entry ,etc.
Any experience person may contact me at rphouse17@gmail.com
Thanks

DEAR SIR,

CAN WE FILE INCOME TAX RETURN SHOWING BELOW TAXABLE LIMIT MEANS 499500/- IN THE UPDATED RETURN U/S 139(8A) FOR THE ASS.YEAR 2022-23. IS POSSIBLE .

THANK YOU
REGARDS

We have been trying to do aadhar authentication for 10 days at GST portal, but couldn't succeed, for that we met to the local jurisdictional officer in this regard, and he asked this error is related to the Aadhar site, not the GST site, so I replied him as PAN and Aadhar already linked at Income Tax portal, so how can it possible to issue on aadhar side?, as got generally default reply from the officer as this is the system based, so we can not do anything from the local level. Therefore, we compliant filed a grievance on the portal with the necessary error screenshot, and copy of PAN & Aadhar, but still waiting for the response. On the other hand, we also contacted the toll-free number of GST, and they have replied to us to contact the local department for the solution, but the local officials denied as mentioned above.

Due to this situation, the GST refund is stuck and 2 years of the period will be lapsed by 31.03.2023 (Refund period FY 2021-22).

Error : The name provided by you in the application for registration under GST could not be validated with UIDAI, Approval of your registration application may include Site verification of the business premises by the Tax office and/or a request to submit additional documents. You will receive further communication from the Tax Office.

Kindly guide for the above problems.

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?

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?

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

If a German Company is providing Construction service to a Indian Company under Lease Operate and Maintain Model (LOM) model, then the revenue from such contract will be recognised as Financial Income or Operational income.

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