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Muhammed Deshmukh
I have been working for the last 5 years but never filed Income Tax return. If I file this year can I get refund for TDS deducted from my salary 4-5 years ago?
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You can not claim refund for previous years, only for the current year.
CA Rahul Dwivedi 21 Sep 2021Now the provision of IT Act has been amended and belated returns can't be filled . You can file ITR for FY 2020-21 only .
For further clarification you can reach me ca.rahuldwivedi@gmail.com or 9004485377
You can file ITR for FY 2020-21 only . and can only claim tds/refund of FY 2020-21 only.
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Vivek Kumar Singh
I joined my job in october 2020. But i started receiving my salary from april 2021. Salary from Oct 2020 to feb 2021 was received as arrear in may 2021 on which 5% tax was deducted. How income tax will be calculated ? How 10e form can work and do i have to file currently ongoing itr of AY 2021-22
Calculation has to be done in accordance with relief measure provided under Section 89(1) which shall require tax calclulation for both year (Year to which salary relates) & Year in which salary is received, hence book a consultation with Finaco admin by sending an mail at admin@finaco.in and complete calculation detailed CA call can be provided
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Ashlin
EPF withdrawal before 5 years of service. Need help in calculating TDS if income in AY is nil.
Rule 6 & Rule 11 has to be calculated to determine the exact tax payable on the same, send an mail to admin@finaco.in for detailed explanation
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Jayesh
Advice on withdrawal process from epfo for house purchase (i have > 5 years of service). and if i can withdraw money first, buy the property then using the money or i need to buy property first and then only after submitting papers i can withdraw? without withdrawing money first it is not possible for me to buy
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Vengatesh
Good Morning everyone out there.
I am person just finished college and not working and I have decided to trade stocks.
I've got 5Lakhs from my father who is a farmer (from his savings), Will there be any scrutiny if I deposit the amount on my bank account.
I've read that deposit of amount above 2.5 Lakhs will attract scrutiny. My father don't do itr becoz he earns less and the amount is his savings for years.
Hi
Legally, you are not doing anything wrong. It is allowed as per the income tax act. But even if the department sends you notice, you should not be afraid of it. They just ask for a clarification, and if you provide them with one, they won't charge any kind of penalty on you.
For more clarification, please feel free to contact us at camehulagg@gmail.com or 9811896771
