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Nik
Hi, I didn't fill ITR for last year since i didn't get any TDS after the rent and other rebates i got.. can i skip ITR? I got to know that I'd have to pay 5000rs penalty if i didn't fill ITR. It's just unfair to me as I will not be getting any return since there was no TDS.
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As per the income tax provisions you are exempt to file ITR only when your income was below 2.5 Lacks. If your income exceeds Rs. 2.5 Lacks before deductions then you have to file the ITR. When there was TDS deducted from your income, then it was compulsory to file the ITR and declare your income and allocate your TDS deducted. Please share more details for better consultancy. Last date to file ITR was 31st December 2022 Please remember this. Mob. No. 8475918165, Email ID: capushkaragrawal@gmail.com
CA Hunny Badlani 27 Dec 2022Hello,
It is mandatory to file income tax return if the gross total income (before any deductions) is above the basic exemption limit of Rs. 2.50 Lakhs.
I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.
Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5
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Vaishali
If i get a work from home job at a company based in USA, do i need to report my earnings
Please share more details to assets you on Email Id: capushkaragrawal@gmail.com
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Vaishali
If i get a work from home job at a company based in USA, do i need to report my earnings
yes, you have to report the income form that job by filling your ITR for that year. Due to the money transfer from the international account into your account, this was reported to the income tax department. The taxation was done as international taxation and you will get the benefit of the tax of USA, while filling the income tax return.
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Kir Din
Sir or Madam, can someone help me clarify if it is mandatory to maintain bills when building a commercial property using one's own money without taking any loans? Moreover, all transactions with the builder are done online (bank to bank) and there are no cash transactions.
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Prakriti Gupta
For the FY 2021-2022, I had an outstanding demand of INR 12200 which I already paid during filing ITR in July' 2022. However, I am receiving a reminder on my email that I have an outstanding amount to pay and also interest is added on that too. Can someone advise me what to do on this? I have already raised a grievance on the ITR website
Dear Pratik,
Please recheck the details of Tax paid is correctly filled in ITR or Not? after that you can apply for rectification request U/s 154.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Please check for which AY have you paid the challan.
Further have you responded to outstanding demand after paying demand?
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/ for further details
