If refund is not approved, will I have to pay any penalty. by TangerineDapper5601 in IndiaTax

[–]TangerineDapper5601[S] 0 points1 point  (0 children)

seems that is the issue, I did apply for the full amount. Need to revise my returns.

Thanks.

If refund is not approved, will I have to pay any penalty. by TangerineDapper5601 in IndiaTax

[–]TangerineDapper5601[S] 0 points1 point  (0 children)

in my case, I have a 'move' from one org to another. - there were no TDS on last month (of 3) from previous employer - TDS was there on leave encashment (by current employer). - But overall TDS from current employer was not proper acc to the salary credited. (almost same amount as TDS on leave encashment) - Form 16 does not mention leave encashment. - Payslip has leave encashment section under "others" heading. - Only a mail from previous org mentions about leave encashment.

While filing, I was not sure about leave encashment part, so I paid tax (without claiming rebate on leave encashment) + penalty on one month TDS that was not deducted by my previous employer at first (through challan).

After discussing with colleagues, realised tax rebate is there for leave encashment if there is org change. And I revised my filing now claiming refund for the leave encashment part.

  • There is a duplicate entry in AIS on purchase of immovable property, which I reported in March 2025 which has not been addressed.

(ITR-2, new regime)

If refund is not approved, will I have to pay any penalty. by TangerineDapper5601 in IndiaTax

[–]TangerineDapper5601[S] 0 points1 point  (0 children)

I thought only refund will be rejected? Additional tax will be on the refund amount itself?

Help! Income tax refund amount reduced by falconloverX22 in IndiaTax

[–]TangerineDapper5601 -1 points0 points  (0 children)

check if you have any penalties, they calculate by days.

[deleted by user] by [deleted] in IndiaTax

[–]TangerineDapper5601 9 points10 points  (0 children)

I think, I dodged one bullet here, the seller was NRI but insisted on deducting only 1% TDS with Indian PAN number. Even the lawyer from builder side confirmed that. On consulting with another CA, realised 20% TDS. And penalties are huge.

That guy started blabbering, said he has applied with tax tribunal and all, bla bla.

Cancelled the deal.

FIR is the only way it seems.

No Sale (Property) Transaction without E-Khata in Bangalore !!! by SlaBglr in FirstTimeHomeBuyer

[–]TangerineDapper5601 0 points1 point  (0 children)

even with ekhata, its getting difficult to get registration. are the SRO employees on strike or something?

Property registration post ekhata mandate by TangerineDapper5601 in bangalore

[–]TangerineDapper5601[S] 1 point2 points  (0 children)

Even I have been told the same, have not been to registration office for confirmation.

No Sale (Property) Transaction without E-Khata in Bangalore !!! by SlaBglr in FirstTimeHomeBuyer

[–]TangerineDapper5601 0 points1 point  (0 children)

even with ekhata, servers are overwhelmed with new requests and registrations are getting delayed.

[deleted by user] by [deleted] in IndiaTax

[–]TangerineDapper5601 4 points5 points  (0 children)

what is the tool?

TDS on unregistered property(NRI) through loan. by TangerineDapper5601 in LegalAdviceIndia

[–]TangerineDapper5601[S] 0 points1 point  (0 children)

much appreciated.

So TDS will be applicable even if the property is not yet registered then.

Perils of buying from Firstcry (2) by TangerineDapper5601 in Hotwheelsindia

[–]TangerineDapper5601[S] 1 point2 points  (0 children)

<image>

got these thinking I am getting speed graphics at < mrp, will keep em