icon Updated itr3 under sec 139 8a how to show already refunded amt

Sir i had filed my itr1 on 12/07/2023 my net income was 4.53 lacs after all deductions.. I also received refund of Rs. 25040. But i realised that i had not shown my intraday trading losses around 2

2 Response(s)

2 months ago


A. Dear Client,
In the given scenario, where you initially filed an ITR1, later revised it to include intraday trading losses, and now intend to file an updated ITR3 under section 139(8a), you need to address the received demand and show the adjusted figures accurately. While filing the updated ITR3, ensure that you include all the necessary details, including salary income and intraday trading losses. If the system is not allowing you to file due to a mismatch in refund figures, it might be a tech ...ReadMore

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icon RBI Guidelines on Fix Deposits in Banks

Dear Sir, I am a senior citizen with 72 years of age. My wife and I have JT FD A/cs(Many FDRs) with a nationalised bank for a period of10 years. My wife is the 1st holder and I am the Jt second holder


A. Dear Sir,
The very first thing that you should do is to give an application to the Bank to change the ownership of the FDs in your name. In my view they have mislead you as after the death of your wife an account can never remain opened in her name.
Once you have got the FD completely in your name then it will automatically solve the issue of the TDS.
As far as receiving the notification from IT is concerned, you just send them a clarification letter about the death of your wife. They should sto ...ReadMore

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icon I am a crptocurrency trader,

I am a crptocurrency \ bitcoin trader, can i trade with my personal bank account and pay tax with the help of CA or i have to register a company and open a current bank account using that can i make


A. Dear Client
Our Indian Government and Reserve Bank of India are yet not very clear with their policy on cryptocurrency and hence you are suggested to trade using your personal account unless there is clear cut policies around bitcoins

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icon I filled ITR 2 in xlsm

I filled ITR 2 in xlsm and tried to convert it into .json file. It is saying saved in folder wherein xlsm file exists whereas nothing gets saved there. .json is not saving in my system. I tried online


A. Dear Sir,
sometimes due to server problem of IT department such conversion may not happen . you may wait for few days or try to submit your ITR 2 from any other computer system.

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icon Should I file income taxes from my adsense earnings this year or next year?

Hi, I have two questions regarding filing income taxes 1- I am yet to receive a payment from google for ads displayed on my website. The amount is around 8 lakhs and the period in which this amount


A. Dear Sir,
Since it is tax related matter as such you may go to any chartered accountant or auditor to clarify your doubts and get authenticated clarifications.

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icon Legal Proceedings for tax evasion

I received a notice from IT department u/s 148 for income that escaped assessment. This notice is valid and I filed a revised ITR disclosing the complete sum. I am waiting to pay the tax and penalty w


A. Dear Client,
If you have accepted the notice and are paying the applicable tax then the Income TAx department will not have any reason to take you to the court. What they want is the tax plus penalty, if any, to be paid by you.

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icon Income tax -I want to know about income tax related

I want to know about income tax related problems


A. Dear Client,

You may contact a Chartered Accountant who could help you with tax related questions.

Hope this solves your query,

Thank you!

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icon Income tax -filing itr necessary for online sellers

Is filing itr necessary for online sellers if total sale is below 2.5 lakh


A. Dear Sir,
As per my limited knowledge it may not require filing of ITR anyway approach any chartered accountant.

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icon P.Tax Registration Done by Mistake in the Name of Employee

Sir, With ref. to the notice Case No. xxxxxxxxx, Dated: - xxxxxxxxx, I, xxxxxxxx, would like to draw your attention towards the fact that, I was an employee in xxxxxxxx Pvt. Ltd. from 2009 to 2020.


A. Dear Sir,

You may approach any professional auditor or advocate and hire their services to save you from the present situation. The concerned department will understand your problem and may rectify the mistakes otherwise approach High Court for necessary directions.

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icon We are getting NPS management share @14%. Can we get the exemption all 14% under 80ccd(2) or we are entitled for 10% only

I am an employee of Kendriya Vidyalaya Sangathan, an autonomous body under ministry of education. We are getting NPS management share @14%. Can we get the exemption all 14% under 80ccd(2) or we are en


A. Dear Client
As per the Section 80ccd(2) you are allowed to seek tax relief only up to 10% of your salary. Section 80CCD (2) allows salaried individuals to claim deductions up to 10% of their salary which includes the basic pay and dearness allowance or is equal to the contributions made by the employer towards the NPS.

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