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ELANGO

Category : Intimati..,

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January 16, 2020 3:55 pm

Dear sir, I have received an intimation under Section 143 (1) wherein the tax department demanded Rs 10.
Do I need to pay outstanding tax demand?

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Amlan Dutta

Anything less than 50 rs is not required to be paid, but i will still advise paying it off to avoid automated reminders etc ....system keeps send reminders , notices for small amounts also but strictly speaking you are not required to pay.....

January 17, 2020

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DEEP DATTA

Category : Unclaime.., Income t..,

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January 15, 2020 11:45 pm

i have unclaimed TDS credit of FY 17-18. when i filed ITR1 for FY 18-19 my total tax liability was Rs 4586.I claimed 943 Rs as TDS credit and i have paid the rest amount i.e Rs 3640.

Few days ago I have received a Demand notice u/s 143(1) showing net amount payable Rs 4590 which includes TDS clai...

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Amlan Dutta

Bank can do nothing in this.........you can claim TDS of 943 Rs pertaining to FY 2017-18 by filing FY 2017-18( AY 2018 19) only. 2) You cannot claim TDS appearing in FY 2017 18 (AY 2018 19) in FY 2018 19 (AY 2019 20) unless you file return for FY 2017 18 (AY 2018 19) and carry forward i.e C/...

January 17, 2020

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SANTHOSHRAM

Category : Demand u..,

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January 11, 2020 1:21 pm

this is santhosh ram from tamilnadu,
i received the notice under sec 143(1) regarding relief u/s 89 , because we were not filed form 10e,
so now this situation how to reply and process for cancellation the demand
please guide me...
thank you...

Amlan Dutta

Amlan Dutta

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Amlan Dutta

From what i understand, the relief under section 89 was available but not given because form 10 e was not filled and therefore demand raised through 143(1) for the relief amount ...............Simply fill and submit form 10 e now and submit rectification request under reprocess the case ...the reli...

January 12, 2020

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Kalyan Ghosh

Category : Income t..,

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January 10, 2020 7:51 pm

Please see your reply to my following question. But please note that in the Municipality Tax Bill and Will of the Flat my wife's name is there as the Joint Owner. Please opine in this context
MY QUESTION
I am 72. So long I was filing in ITR1, as I have no Shares, Mutual Funds, etc. Income from Pens...

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Amlan Dutta

The restriction to not file using ITR 1 /ITR 4 for joint property holders or those falling under 7th provisio to 139(1) has been removed following CBDT's press release on 9th January after considering the hardships faced by taxpayers

Refer the following links - https://www.financialexpress.com/money/income-tax/new-itr-1-itr-4-for-ay-2020-21-return-filing-becomes-sahaj-sugam-for-these-taxpayers/1819792/ link 2 - https://www.bloombergquint.com/law-and-policy/tax-dept-rolls-back-order-allows-joint-property-owners-to-file-returns-using-simple-forms?utm_source=wru You can therefore as usual file using ITR 1 for AY 2020 21 itself , the department has rolled back its earlier restriction understanding the hardships faced by taxpayers and now joint Property holders can file using ITR 1 ...hopefully that helps.....i see no reason for your wife to file a return if her income falls below threshold levels , in case she still wants to , she can file using ITR 1 ..........your wife does't fall in 7th provision to 139(1) ...refer following for those fall in that category
(Note : - The seventh proviso of section 139(1) covers those individuals - (a) who have deposited more than Rs 1 crore in one or more current accounts in the FY 2019-20, (b) who have spent more than Rs 2 lakh on foreign travel on him/herself or any other person and (c) those who have paid more than Rs 1 lakh as electricity bill in FY 2019-20.)

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January 12, 2020

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Amlan Dutta

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January 12, 2020

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