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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

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

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

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.

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.

Dear Client,
1. TDS (Tax Deducted at Source): When an NRI sells property in India, TDS may be applicable on the sale proceeds. The buyer is responsible for deducting TDS at the prescribed rate and depositing it with the income tax department. The current TDS rate is 20% (plus applicable surcharge and cess) on the long-term capital gains. However, if the property being sold is agricultural land, the TDS rate is typically 1%.

2. Capital Gains: The sale of property in India could attract capital

Dear Client,
In India, the taxation of winnings from card games or gambling falls under the purview of the Income Tax Act, of 1961. Here's how you might handle a notice from the income tax department regarding tax on your card game winnings, based on Indian laws:

Understand the Notice: Thoroughly read and comprehend the notice you've received. It should specify the assessment year, the nature of income being questioned (in this case, card game winnings), and the reason for the tax demand.

Gath

Dear client,
The old tax regime is good for you if you have invested more than Rs 3,00,000 in tax saving schemes. If you have invested or spent less than Rs 3,00,000, then the new regime will be better for you.

Dear Client,
Its possible to file ITR of last 3 years through ITR U form. ITR-U is the Form that allows you to update your income tax return by rectifying errors for up to two years from the end of the relevant assessment. If you have not filed your Income Tax Return (ITR) for the last three years, you can still file it. Here are the steps you can follow to file ITR for the last three years: 1. Gather all the necessary documents: To file ITR for the last three years, you need to gather all the

Dear Client,
Since you've closed your micro business as of 1/4/2022, the assets and stocks still showing in the balance sheet as of 31/3/2022 might need to be accounted for. If you have sold or disposed of any business assets during the closure of your business, there could be potential capital gains or losses that need to be considered. If you are regularly filing income tax returns then must file income tax returns showing taxable income as zero. Capital gains can have tax implications, so it'