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rashmitaba gohik

Category : Deductio.., Belated ..,
Solved
June 1, 2019 6:15 pm
  • Deductions
  • Belated return
we have a primary credit society and return was filled after due date..
please guide how may we avail deduction of 80p???
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Amlan Dutta
Same as you would file even if return was filed within due date ....check 80 P eligibility i.e account was maintained in bank as specified ...if yes, benefit can be taken accordingly for all of interest value ...our society maintained it in HDFC (private bank) and we were not eligible for the benefi...
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  • June 14, 2019
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Amlan Dutta
I am really sorry , indeed this question is so important for the site ...you are right that deduction under 80 P cannot be claimed in belated return...but there was a very interesting case , you may want to read this https://taxguru.in/income-tax/claim-deduction-80p-society-file-return-income.html.....
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Error, Not Found
  • June 15, 2019
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SHASHI KANT SINGH

Category : Income t.., Filing r..,
Solved
May 31, 2019 1:20 pm
  • Income tax
  • Filing return of earlier previous years
My mother is a house wife and the age is 58 years, a fixed deposit of my mother happened in 2014 and the FD was completed in May 2019, which had an interest value is 568000 in five years. But TDS was cut in assessment year 2017-18 and 2018-19, its information came after maturity, it is the back year...
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Amlan Dutta
You cannot claim unfortunately ...TDS on accrued interest has to be taken in the same year else carried forward ..in this case , since TDS was not claimed and since period for return filing for those earlier years is over, there is no way one can seek refund for TDS deducted in earlier years......ho...
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  • June 14, 2019
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Nitin Verma

Category : How to r.., Rectific..,
Solved
May 31, 2019 3:57 am
  • How to respond to Defective Notice
  • Rectification - Taxpayer wanting to correct data
I have received "Notice u/s 139(9)of Income Tax Act, 1961"
for ITR2, stating:

"As per Rule 37BA of the Income Tax Rules, 1962, read with Section 199 of the Income Tax Act, 1961, credit of tax deducted at source shall be given for the assessment
year for which such income is assessable.
As seen from...
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Amlan Dutta
What this notice means is that the income has not been offered and TDS credit claimed ...since you mention that the income has been offered, the notice is not right ...you may want to discuss with the assessing officer ...i hope you have filled the correct schedule for declaring interest income........
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  • June 14, 2019
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Ajit

Category : Rectific..,
Solved
May 18, 2019 9:35 am
  • Rectification u/s 154
Dear sir, i had submitted the 143(1) rectification request in Jan 2019 as my 26AS was not showing in tax credit. Again now i received same amount of notice under 154. Could you suggest on pls?
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Amlan Dutta
If it is now showing in 26 as , you can meet the assessing officer and get it rectified or raise a rectification again ....it is better that you meet the assessing officer and explain the case so that the due tax credit as appearing in tax credit statement is granted to you...
  • June 14, 2019
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