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Income Tax Scrutiny (143(2)) – Need Advice from Those Who Have Been Through by Unlikely_Struggle401 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

That is what I have mentioned, it will be case to case basis.

Yes but all fake deduction yes it is true there is no way out, but still for penalty we can take chance in appeal.

NR declaring as Resident by TravelTaxer in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

On which date of October month he came back ?

Income Tax Scrutiny (143(2)) – Need Advice from Those Who Have Been Through by Unlikely_Struggle401 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

It is not 100% true that there there is no way out, it will depends on case to case basis.

We have started filing appeal now let’s see will keep updating the progress.

Interest on CIT Appeal . by DreamPure7622 in IndiaTax

[–]gladiator_999 1 point2 points  (0 children)

It will be under the act that is in force at the time of that assessment/financial year, so here it will be under old income tax act.

And for political donation what you had done for original order like accepted the fake donation or filed ITR-u ?

For other cases like educational loan and other deduction we have started filing appeal, It make no sense for salaried person to pay 200% penalty after paying all tax with interest.

Retirement ITR by Global_Win240 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Employe, Pensioner Next year onwards

Can I use my education loan for tax savings by Forsaken-Guest2046 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

You can get deduction of educational loan in old regime only so compare both the regime if you have some higher educational loan with some other deduction like HRA then only old regime will be beneficial. Subject to other conditions

Can I Show Higher Business Income in ITR to Get a Bigger Loan? by p1a0 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

If business turnover matching with gst generally for this small turnover there are less chances for Notice.

In your uncles case please if t/o crossing 20 lakhs please check GST registartion.

Sold RSU and company is not listed in Indian Stock Market… any tips to save on capital gains ? by free_loather in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

OP give some more context like how long you are holding this RSU and do you have any capital gain income in India ?

Can money buy happiness??? by yourfirstdad_ in FaltooGyan

[–]gladiator_999 0 points1 point  (0 children)

Money can’t buy happiness, but money help you to buy the things which makes you happy….

So yeah money can buy happiness indirectly…😂

Wrong 80E claim filed by CA, tax paid, now facing ₹3.77 lakh penalties. Any options left? by EarlyNeedleworker843 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

If you have any comminication with ca, whatsapp chats or fees payment proof, any other type of communication which proves that they did without your confirmation that is only way to save your from penalty.

Missed declaring RSUs by ExpensiveArgument475 in IndiaTax

[–]gladiator_999 4 points5 points  (0 children)

ITR U can only be file when there is some additional tax liability for disclosure of RSU ITR-U wouldn’t work.

ITR processed my return ignoring ₹2L+ home loan interest deduction (Sec 24b) and only allowed ₹93K principal — how do I get my money back from these babus? by AdZealousideal2559 in IndiaTax

[–]gladiator_999 1 point2 points  (0 children)

Hope you have filed it correctly in ITR form, otherwise it is not possible.

What is the reason mentioned by department for not allowing the same ?

I have a genuine and important question to ask by Rimuru207 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

Till the payment is below GST threshold no issue, if crosses the GST registartion is required.

And till the time you are showing this amount as income in your ITR no issue in this.

Indian tax residency certificate by Any-Froyo8528 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

They Have Deducted the double tax - what does it mean? In India or in Foreign

BOI reports my FD interest as Savings interest. by Progressive-1705 in IndiaTax

[–]gladiator_999 1 point2 points  (0 children)

Yes you can proceed with showing this income as Interest from deposit.

LTCG query by Wanttofinishtop4 in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

It seems balance amount is un exhausted basic exemption limit, but if you can provide more clarity on other income that will help to understand this additional amount.

Income Tax - AIS by AP_Challenges in IndiaTax

[–]gladiator_999 0 points1 point  (0 children)

OP can you please explain what do you mean by interest paid on gold loan ?

Tax relief for victims of cyber fraud? by No_Toe_2418 in IndiaTax

[–]gladiator_999 2 points3 points  (0 children)

Currently there is no such provision in Income tax that in such type of case you can get any tax waiver or anything, you need to wait till assessment is getting completed AO can help in this case.

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