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Mukta D Umarani
Is there a way to file an income tax return and claim a refund for AY 22-23?
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TDS refund can be claimed by filing of ITR only. As 31st Dec, 22 is the last date to file belated return you can not claim the refund for AY 22-23. TDS can be carried forward and can be claimed in next year depends upon it nature and time. For professional assistance reach us @ www.tarunguptaca.com or call at 9216216819.
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Mayank Niranjani
Hello,
My brother in law has home loan of 50 lakhs, if I give him 30 lakh as loan with much lower interest than bank so that he can prepay his loan to bank. So now he will be having 2 loans, 30 lakh from me and 20 lakh from bank.
Is this kind of arrange ment possible? Can we have a home loan agreement between 2 individuals? And home loan interest paid to me can be cosidered in income tax exception of section 24? Can he show interest paid to me and to the bank in ITR?
Dear Mayank,
Yes interest on home loan can be claimed as deduction.
For details you can refer my article as be below lonk.
https://posts.gle/22ug6k
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
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Satya
Should I pay tax for my returned salary
For Assistance contact me on call 8475918165 or mail at capushkaragrawal@gmail.com
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Harmik Singh
I have some pending salary in previous financial years, but I paid the income tax on due basis for all those in the same financial years. Now my employer is giving me those pending amounts back as chunks. But I have no idea, how to show in ITR that the extra amount I am getting is arrear whose tax I have already paid on due basis in the respective financial years. I am aware of u/s89 & form 10E but my office CA says its not applicable. So, Please advise, thanks.
What will your employer show when he is returning you such money?
Viewpoint of your CA is correct to some extent.
I would recommend you to have a consultation on call to discuss the same in detail: https://www.taxontips.com/tax-notice-personal-consultation/
Hello Harmik,
Your point of view is correct, you can claim disclose the details of arrears salary in form 10E and file it.
For any more assistance contact me on 8475918165, capushkaragrawal@gmail.com
Thanks for your replies.
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Vijay Ari Raj
Hi, I need some clarification about p2p trading in crypto market.
I send money abroad and convert to bitcoin via p2p trading and sell that bitcoin via p2p and get it in INR.
I want to know about whether this is legal and if yes, what are the taxation for this.
