icon Income tax evasion since 10 years.

I know few people who are landlords and are evading taxes since 10 years. They were raking 50-60 Lakhs per year in rental income off the books. They were taking everything in cash without providing PA

1 Response(s)

5 months ago


A. Dear Client,
Reporting tax evasion is a civic duty, and the government takes such reports seriously. The Income Tax Department may maintain confidentiality about your identity. However, there is no absolute guarantee, and in some cases, your identity may be disclosed during legal proceedings or investigations. If you have concrete evidence to support your claims, it is essential to provide this information to the tax authorities. You can approach the Directorate General of Income Tax (Investigat ...ReadMore

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icon TDS Certificate for Accounting Year 2021-2022 for HDFC Mutual Fund Folio Number 18026369 and 42

We regret to inform you that I did not received TDS Certificate for Accounting Year 2021-2022 for HDFC Mutual Fund Folio Number 18026369 / 42. As a result I had received a Demand Notice from Income Ta

2 Response(s)

5 months ago


A. Dear Sir,
You may get issue a strong legal notice threatening to approach Consumer forum for such lapse on the part of bankers.

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icon Tax Credit not given by IT deptt

I am a retired CPSU employee. I filed my return for assessment year 2022-23 before the last date of paying income tax. Despite depositing tax, I am getting tax notice from Income Tax Department. I hav

1 Response(s)

5 months ago


A. Dear
Respond to the complaint: Prepare a formal response to the complaint filed against you. Clearly outline the terms of the verbal agreement made in front of the police and any other relevant details that support your case.

Gather evidence: Collect any evidence that supports your position, such as records of the verbal agreement, communication with the tenant, and any other relevant documentation. This evidence can help you establish the terms of the agreement and demonstrate your compliance ...ReadMore

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icon short-term capital gain

In 2021, I incurred a short-term capital gain, resulting in a tax liability that I couldn't settle due to financial challenges caused by the COVID-19 pandemic. I've recently received a notice from the

1 Response(s)

5 months ago


A. Dear
Respond to the Notice: Make sure to respond to the notice within the stipulated timeframe, even if you are unable to pay the full amount immediately. This shows your willingness to cooperate with the tax authorities.

Negotiate an Installment Plan: Contact the tax department and inquire about the possibility of setting up an installment plan to pay off your tax liability over a period of time. Many tax authorities provide such options for taxpayers facing financial difficulties.

Seek Profe ...ReadMore

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icon RENT AGRREMENT AND HRA

on my company CA advice for claim higher HRA exemption, i have notarize the rent agreement and paying rent last two years of rs 150000 per month to my mother through NEFT submitting rent receipt in o

1 Response(s)

5 months ago


A. Dear

Gather Supporting Documents: Collect all relevant documents, such as your NEFT transaction records, rent receipts, and other evidence that demonstrates the legitimacy of the rental agreement and the actual payment of rent to your mother.

Consult with a New CA or Legal Advisor: Seek guidance from a new Chartered Accountant or a legal advisor experienced in property and tenancy matters. They can provide you with expert advice on how to present your case in court and address any discrepancie ...ReadMore

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icon ITR intimation didn't acknowledge my payment

I fileld ITR using online portal of income tax in July using online eform and was assessed tax of Rs. 55710 which I paid via a link provided in the online eform. Now in October, I have received intima

1 Response(s)

5 months ago


A. Dear,

If you have made a tax payment that is not being acknowledged by the Income Tax Department, you should take the following steps to resolve the issue:

Check Payment Status: Verify your payment status on the Income Tax e-filing portal. Ensure that you have paid the correct amount and that the payment has been successfully processed. You can do this by logging into your account on the e-filing portal.

Match Payment Details: Ensure that the details you provided when making the payment, such ...ReadMore

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icon ITR HRA claim

I am showing Rs X being paid by me to my mother as house rent. I have also filed my mothers ITR taking the rent as the source of income. I have also transferred around 70% of X directly to my mothers

1 Response(s)

5 months ago


A. Dear

Correcting the Information: Since your Form 16 did not show the HRA exemption claimed by you, there is a mismatch between the income reported by you and the income reported by your employer. By selecting option 2, you indicate that you are in the process of revising your return to correct this discrepancy.

Regards

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icon HRA

My PG owner refuses to give his PAN number. it is mandatory for me to provide during HRA submission.

1 Response(s)

6 months ago


A. Dear Client,
If you are required to submit your landlord's PAN (Permanent Account Number) for HRA (House Rent Allowance) exemption purposes, and your PG owner is refusing to provide it, you may need to take the following steps:

Request PAN Number: Politely request your PG owner to provide their PAN number. Explain that it is necessary for you to claim HRA exemption as per the tax regulations.

Offer to Share TDS: Assure your PG owner that providing their PAN number will not result in any tax d ...ReadMore

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icon Income Tax Appellate Tribunal Order

Remedies available to the assessee where The Income Tax Appellate Tribunal passes order allowing the appeal in favour of the assessee and gives directions to the Assessing Officer implementation of wh

1 Response(s)

6 months ago


A. Dear client,
In any event, in accordance with the mandate of law, the appeal effect order has to be passed within three months of passing of the appeal order. In view of the above HC directs that necessary appeal effect orders and payments of refunds shall be made within the said period of six weeks.

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icon Post office NSC interest will come in ITR prefill or ais

Kindly revert by email only soon. Kindly inform if post office NSC or KVP interest upon maturity will come in ITR prefill data or in form 26AS or in AIS or in both. We need this info for ITR filling t

2 Response(s)

6 months ago


A. Dear Client,
Section 194A of the Income Tax Act, 1961 governs the deduction of tax at source (TDS) on interest payments on investments other than interest on securities. The details of interest income on post office NSC or KVP and TDS for the respective financial year appear on both AIS and Form-26AS(ATS) of the Assessee and are available online from the official website of the Income Tax Deptt.

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