R
Raksha
I had taken loan in money tap app I did not pay my emi's from past 6 months today I was checking in phone pe app it is showing you have no amount due on your bill or your bill has passed the due date what is the meaning of this? They have paid the amount or what is it cibil score will get effect how to bring cibil score back to high
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If you have not paid your EMIs for the past 6 months, it is likely that your credit score has been negatively affected. However, regarding the notification from the PhonePe app that you received, it could mean a few things.
One possibility is that the payment has been deferred and added to the outstanding balance, which would mean that you still owe the amount, and interest may also accrue on the outstanding balance. Another possibility is that the loan has been restructured or settled, in which case you would need to check with the lender to confirm the status of your loan.
If you have not paid your EMIs for a significant period, it is important to take action to avoid further damage to your credit score. You should contact the lender to discuss repayment options and negotiate a payment plan that you can manage. Making consistent, on-time payments going forward is the best way to improve your credit score.
To improve your credit score in the long term, it is important to maintain a good credit history by paying your bills on time, avoiding taking on too much debt, and regularly checking your credit report for errors or discrepancies.
P
Priyanka Mishra
J
Jose
What is the TDS and process/steps to follow , if buy property from NRI?
This TDS is required to be deducted whenever any payment even the advance is made to the NRI for purchase of property. Even if the value of property is less than Rs. 50 Lakhs – this TDS is required to be deducted. For further professional help, kindly connect with us www.tarunguptaca.com or call at 9216216819 .
A
Abu Riyaz Zaffar
Can the 1% TDS that has been deducted on sale of property be claimed back entirely by the seller as taxfree refund or will it be adjusted against IT liability of the seller?
It will be adjusted against Tax payable if any . For any kind of professional help, kindly connect with us www.tarunguptaca.com or call at 9216216819 .
CA Rahul Dwivedi 30 Mar 2023Dear Abu Riyaz,
First of all we have to work out capital gain on sale of property. Capital gain in case of property sale is worked out with Indexing benefit in case of long term capital asset. After that tax liability will be worked out.
The seller can adjust TDS with tax liability and balance will be refunded.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
K
Kumar
Forgot to file last year tax can i file it now
You can file ITR U with late fee and tax if any. For professional help, kindly connect with us at 9216216819 or www.tarunguptaca.com
Dear Kumar,
You can file ITR upto rs. 5 Lakh income with penalty of Rs. 1,000/- If your TDS deducted it will be adjusted.
For Income More than Rs. 5 Lakh we have to work out tax liability amount.
For Further Consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.
