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Kirti Menkudle

Category : How to f..,
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February 2, 2019 10:39 am
  • How to file return for deceased assesse
Hi Sir,
My father passed away in October 2018. His annual income after all deductions comes to be 7 lakhs approx. Since he worked for only 7 months in this financial year his taxable income will not be more than 4 lakhs.
Do I need to file income tax return for him ?
What will be the implications if I...
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Amlan Dutta
It is better to file return for your deceased father . You will first need to register yourself as legal heir and then do the necessary filing on his behalf . Everything will remain taxable as per actuals as per slabs....TDS may also have been deducted , you can check whether he qualifies for a refu...
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  • February 2, 2019
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Akhilesh

Category : PENALTY..,
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February 1, 2019 9:57 pm
  • PENALTY
Hi Sir,
My TDS deduction is more than the sum of the total Tax and penalty amount for late filing of ITR 1. Do I still need to pay the challan of Rs.1000 separately against the penalty?
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Amlan Dutta
The return will itself calculate tax based on tax liabilities interest and any penalty applicable due to late filing ...say it is 100 Rs ...say TDS deducted is more than this i.e say 200 Rs , then you will not need to pay any further amount and shall qualify for refund of the excess amount already...
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  • February 2, 2019
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Manvendra Singh

Category : Salary T..,
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February 1, 2019 6:12 am
  • Salary TDS (u/s 192)
Hi sir
Form 16 me net income tax(8695) deduction kiya fir just niche detail of tax deducte and deposit into sentral govt amount 17390 so kar rha hai or u/s 192 me bhi 17390 and sr. No.18 me tax payable /refundable -8695 hai samj nhi aarah hai please solution sir
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Amlan Dutta
Please learn to frame questions properly ......anyways here, since the tax payable is 8695 Rs and because
more tax i.e 17390 TDS has been deducted, therefore you qualify for a refund of 17390 - 8695 = 8695 Rs...... conceptually , let me explain with small numbers ...your tax liability was of a less...
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  • February 1, 2019
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Subhasis Sarkar

Category : Processi..,
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January 31, 2019 9:48 am
  • Processing of returns
Hi Sir,
After Submit The I/Tax Return The ITR-V Received at CPC after due date. After receiving the ITR-V at CPC I have received a intimation to submit a Condonation Request, but the condonation request dose no seen in Service Request in T/tax Portal. Now what i have to do.to submit the condonation ...
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Amlan Dutta
You can call the department for further assistance ...also in future e-verify the return ...sending physical copy of signed acknowledgement has become obsolete and often results in such situations ...even if condonation is submitted , mostly from my experience the department rejects it
  • January 31, 2019
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