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Section 90 / 90A got rejected in my return - What to do ?

Tax queries 521 views 2 replies

I am a salaried employee with an MNC. My company stock trades on NYC.  I have stocks as part of my compensation with Morgan Stanley broker. I received dividend for these stocks for which Tax has been deducted by the broker firm. I have transferred the remaining amount to my India account. Since there is a double tax avoidance benefit based on Section 90/90A with USA I have claimed the tax amount deducted by US broker as relief in my return. I have also filled form 67 and submitted all relevant document. But still the entire amount has been rejected for relief and got an intimation for the same. I raised two  grievances from the IT portal which they closed without giving any explanation. What  can I do to get my legitimate claim honored ? 

 

 

Replies (2)

You need to file appeal. Hire any professional to process the application.

I have a similar situation. I didn't transfer the dividend in my India account. Its still in the trading account. But my CA suggested to declare in and get tax relief under 90/90A. Now I have gotten IT Notice saying this relief is not applicable.

What should be done here?


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