Respected @IncomeTaxIndia,
Tax professionals have practically only 50-day window to file non-audited ITRs
During this period, we faced variety of technical issues on regular basis, like:
-Login problems
-Payment failures
-Acknowledgement download errors
-AIS/TIS download issues
-26AS unavailability
-OTP glitches for e-verification
Also larger challenges were faced in form of:-
-Sudden restriction in Sec.87A rebate on special rate income post on 5th July without any clarification.
-Multiple Utility changes
With strict deadlines, either should have ensures a fully functional portal or #ExtendITRFilingDueDates on moral grounds.
Your current approach shows a lack of care for Tax Payers/Tax Professionals :(
#Extend_due_date_immediately #IncomeTaxSiteIssues
๐๐ถ๐๐ฒ ๐๐๐ฎ๐ ๐๐น๐ฒ๐ฟ๐!!
1 Recovery based on 26AS/ITR
2 Bank Attachment 3rd Person
3 ITC Burden of Proof
4 Issues with SCN
5 Opportunity of being Heard
6 Service of Notice
7 ITC on Inputs & Capital Goods
For 24 Hours only!
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Its high time banks take responsibility of the Fraud, especially when the customer had specific instructions to block the transaction in progress! @AxisBankSupport PLEASE OWN UP!
๐จ Scam Alert: Urgent Follow-up with @AxisBank ๐จ
It's been 2 months since the fraud, and the ordeal continues! ๐ก Despite specifically asking Axis Bank's representative to decline the transaction, my hard-earned INR 97,017.80 was deducted. ๐ค(1/N)
Reported at Anti Bank Fraud cell of Lalbazar Police Station Kolkata. Need urgent HELP on this. The Merchant name is #SBCCREDITCARDO, seems to be a serial cyber scammer. Complaints against same date back to 2021 if you do a simple google search. Wonder why no action taken?(N/N)
Tax exemption could not denied on the ground that son and daughter in law of paternal uncle are not included in the definition of Relative: ITAT Chennai. @phdchamber@fip_official@caanupam7
Section 35 i.e. Scintefic research Expenditure of Income Tax Act:
Where the assessee give donation to a institution and claimed it as deduction, such deduction could not be disallowed if later such institution registration is cancelled with retrospective effect. @fip_official
ITAT cannot refuse to follow the order of HC decision because of SC has admitted Special leave petition (SLP) against the decision:In the case of Luxora infra. vs Deputy commissioner of IT @phdchamber@fip_official#LSwrites
3. Tax Deduction on Interest: Claim tax deduction for payment of Interest on the home loan of Rs. 2lakhs u/s 24 of the Income Tax Act.
4. Additional deduction of Rs. 50,000 for Interest payable on home loan is available u/s 80EE
#legalstands#taxplanning@CAclubindia@taxguru_in
Where the main object of the college was to train bank officials, that was construed as an Educational Institution. Also, entitled to exemption u/s 10(23C) of the Act: Karnataka HC @Raghavg175 @thesatishsharma
@phdchamber@CAclubindia@taxguru_in
AO made addition on the ground that cash deposited in bank more than the turnover declared. The bank statement shows that the Deposit and withdrawal is almost equal, AO failed to give any findings regarding the withdrawals. ITAT said that such addition was unjustified.