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Shashikant Singh

Category : Demand u.., Communic.., Intimati..,
Solved
December 23, 2019 2:40 am
  • Demand under section 143(1)a
  • Communication of proposed adjustment u/s 143(1)(a)(vi)
  • Intimation Notice under 143(1)a
Sir, i have paid my TDS in July, i have my direct tax receipt. and today I got notice u/s 143 (1) to deposit the same amount which I have deposited in july in lieu of extra TDS amount.
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Amlan Dutta
You have paid self assessment tax not TDS ....TDS gets deducted , when deducted TDS is not sufficient to meet tax liability one pays tax which is called self assessment tax ....did you not show it in ITR ....now that you have got 143(1) intimation , you may simply

1. Submit a rectification request...
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  • December 23, 2019
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Hema Latha

Category : TDS on i..,
Solved
December 12, 2019 4:22 pm
  • TDS on income other than salary
Sir,
For FY 2019-20, interest income upto 40000/- is not taxable. If interest income is 50000 /-, is this total 50000 /-added to the taxable income or only excess of 40000 /- i. e. only 10000 /- is added to taxable income.
Please clarify.
Regards
Hema
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Amlan Dutta
Its not that they are not taxable , they are fully taxable ....it just means that for taxpayers, no TDS will be deducted from the interest income up to Rs 40,000. However, these interest incomes will still be taxable as per current income tax laws...also note that this is not to be confused with 8...
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  • December 12, 2019
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Ruchit Talati

Category : Section .., Due date.., Income t..,
Solved
November 25, 2019 10:36 pm
  • Section 119(2)(b) Delayed filing
  • Due date for filing returns
  • Income tax
Dear Mr. Amlan,

I want to file return for A.Y 2017-18. I generated .xml file using the excel. after that i tried to submit a condonation request, but after submitting, it is navigating to page like "No records found". Kindly advise for the same.
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Amlan Dutta
Return filing due date for AY 2017 18 is already over .....if you seek to file time barred return using 119(2)(b) you first need a acceptance from the assessing officer .....else not possible ...you may refer my youtube tutorial for more on this
  • November 25, 2019
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Ruchit Talati
pls share the link for youtube video
  • November 26, 2019
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Ujjwal Kundu

Category : Demand u.., Intimati.., Filing I..,
Solved
November 8, 2019 1:23 am
  • Demand under section 143(1)a
  • Intimation Notice under 143(1)a
  • Filing Issues
Dear Amlan sir, I've mistakenly put much annual gross income 29 lakh in place of 290000 in my ITR 1. Now my ITR is processed and a letter(notice-143(1) has reached with 7 lakh demanding. I'm now scared very much. Please help me and advice me how to deal with this.Thanks, Ujjwal Kundu
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Amlan Dutta
There is no need to worry .....Simply file a revised return with the correct figures.
  • November 25, 2019
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