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Haritha

Category : Rectific..,
Solved
October 4, 2018 11:05 am
  • Rectification - Tax credit mismatch
Hi Sir,

I have bought a car in Feb 2018 and paid an advance tax of 12000. i have filed ITR-1 indicating the TCS details as 12000. I have received an Email from CPC with subject INTIMATION U/S 143(1 ) OF THE INCOME TAX ACT, 1961 with my processed ITR-1 details. In my Form 26AS , TCS is reflecting a...
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Amlan Dutta
Prior to my answer, the portion of advance tax doesn't make sense ...you need not pay advance tax for car purchase ...anyways, if the vehicle value is more than 10 lakhs , then as per recent provisons of the act , the car dealer will collect TCS at the rate of 1 % ....this figure will reflect in y...
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  • October 4, 2018
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Dilip dwivedi

Category : Demand u..,
Solved
October 3, 2018 4:43 pm
  • Demand under section 143(1)a
I have filled itr for AY2018-19 before due date and got notice 143(1)u/s 234b/c for paying demond 3790 rs..but I was forgot some data(80d,80TTA) at this time so I have filled revise return with refund of 4120 without paying 3790....so I have got notice of 60 rupees...my queries is...
1-What amount s...
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Amlan Dutta
If they have considered your revised return and shown only 60 Rs in demand, you can pay that ...under worklist you can select disagree to demand citing the case details .....you can select e pay tax and pay 60 rs ..just check my tutorial on how to pay demand tax using challan ...i don't recollect bu...
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  • October 3, 2018
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Paritosh Jain

Category : TDS ON N..,
Solved
October 1, 2018 4:08 pm
  • TDS ON NRI PURCHASE
I am to purchase a flat from NRI. Capital gains for NRI ~ 40 Lacs.
I need to:
i) deposit TDS @ 20.8% on the Capital gains online through form 281
ii) File TDS returns before 15 Oct in Form 27Q
iii) Download form 16A and issue to the seller
Please let me know if I also need to fill form 15CA? Any other f...
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Amlan Dutta
You have asked similar query before where i have addressed this in much detail , i will not be repeating my answer again .....you would like to check your own query history ( we will shortly make this feature available as answer option so that me/other's will not have to repeat our answers uselessl...
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  • October 1, 2018
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Sanjay Deb

Category : Belated ..,
Solved
September 30, 2018 12:22 pm
  • Belated return
As the due date for ITR-1 was 31 Aug 2018 for AY18-19, if i file now(i.e-30-sept-2018) RETURN FILING SECTION will be "voluntarily after the due date under section 139(4)". Am I right?
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Amlan Dutta
Yes, you are right , since you are filing in belated period , you will make use of the belated section 139(4)...if you make use of due section 139(1) for filing late return , the whole return as logically expected shall get rejected ...in simple words , due period section 139(1) is selected for fili...
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  • September 30, 2018
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Sanjay Deb
Thank you for your info sir.
  • September 30, 2018
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