P.Tax Registration Done by Mistake in the Name of Employee
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.
2 years ago
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.
HRA rent receipt
Hi, my tenant paid only 10000Rs rent in FY year but submitted self generated rent receipts for 3lakh to employer with my PAN. Income tax highlighted discrepancy. If I demand tenant to get it corrected
2 years ago
A. Dear Client,
As per the facts mentioned, you should consult your chartered accountant and seek his advice regarding the matter.
Tax Query related to Senior Citizen
My wife who is individual tax payer wants to give 15 Lac from her saving account to my senior citizen mother and purchase pension scheme Pradhan Mantri Vaya Vandana Yojana . My question is related to
2 years ago
A. Dear Client,
As per the facts mentioned, the amount is not taxable but you should anyways declare it in your tax returns. I would suggest you to take further issue related to this to your CA.
Income tax regime
My salary is 1683000 and my basic 49088 per month and 80c deduction 150000 and nps 1500 per month and HRA allocated is 132000 and using 99896. Can you please tell me which regime is good and what I ca
2 years ago
A. Dear Client,
You may take advice from a chartered accountant who would have a better knowledge regarding the matter.
Taxation in NRE fund
My son in UK(NRI) having NRE account in India.I was in middle east,retired recently and back to India.Can I park my NRE fund at son's NRE account and then close my nre a/c and then open resident a/c?H
2 years ago
A. Dear Sir,
Please approach any chartered accountant or advocate specialised in the above matter.
I could have explained more if background is known to me.
Please give me FIVE STAR if satisfied by my answers.
Tax on interest on Fd and savings for wife.
I am a housewife and my husband has made certain FDs on my name. I have received Form 16 for interest on FDs with TDS details. So, for this interest I need file It return or my husband is supposed to
2 years ago
A. Hi,
Interest earned on a fixed deposit is entirely taxed. It will be added to your total earnings and taxed at the same slab rates as the rest of your earnings. However, only one individual should file an IT return for taxes, which would almost certainly result in tax duplication. As a result, you should get advice from a professional before proceeding.
Thank you very much.
Ayantika Mondal @ Prime Legal
Income tax notice for senior citizen
my mother who is senior citizen 75 years old ,got notice for filing ITR FOR YEAR 2013-2014 , can income tax send notice like this for a case as old as 2013-2014, since now senior citizens are exempte
2 years ago
A. Dear Sir,
Normally, four years is the limitation and you must approach through Income Tax Advocate or Chartered Accountant and get clarify the matter thereafter it will be quashed.
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Income tax notice under Section 148A
my mother is 75 years old & very sick,,now she has got notice from IT Dept to file her returns for year 2013-2014 under section 148A stating she escaped from assessment .Is it Legally rightfor IT
2 years ago
A. Dear Sir,
Normally, four years is the limitation to issue such notices. You may approach Advocate practicing on income tax matters or approach any chartered accountant to solve the problem.
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INCOME TAX ON MEDICAL REIMBURSEMENT
My father was a state govt employee retired in 2017. My mother getting cancer treatment from a govt hospital. Now the problem is tax is levy on reimbursement because for example if income is 5,00000 a
2 years ago
A. Dear Sir,
You have to approach local chartered accountant to solve your problem. In many cases such being happening and it will be solved by the Auditor or chartered accountant very easily.
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How to consider the income from house?
WIFE CONSTRUCTED BUILDING GIFTED BY HER HUSBAND WITH HER SAVING AND LOAN AMOUNT. RENT RECEIVED FROM THE BUILDING WILL BE ADDED TO THE WIFE'S INCOME OR HUSBAND'S INCOME. BOTH ARE INCOME TAX ASSESSES.
2 years ago
A. Hi,
Income from house property is defined as the income earned from a property by the assessee. House property includes the building itself and any land attached to the building. Taxability may not necessarily be on actual rent or income received. If the property is not let out, the tax will be charged on the potential income the property is capable of yielding.
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