Income Tax Queries - Urgent
- My AS26 shows only 2 dividend income instead of 20+. What will happen if I show only those 2 which are shown in 26AS ?
- There is no way to find dividend incomes because broker does not have this data and this cannot be found from 10,000+ line items of bank statement. How to find all dividend incomes?
- For 1 bank, my FD interest shown in 26AS differs from FD interest from Interest Certificate. What will happen if I show 26AS data? Because if I show the Interest Certificate data, they will raise dispute saying numbers dont match with 26AS.
- For Kotak bank, my FD interest doesnt even show in 26AS. Should I skip showing this in my ITR?
- Will tax payable increase if I pay after on/15-July or will it stay same as today?
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AIS is not matching bank statements. And there are random FD entries in AIS which do not match bank account FDs.
If there is an advanced search option in your bank netbanking, search for "ACH". You can further narrow criteria(not needed though) by filtering for credits.
Pls pm me .... if u need help filing itr ...
1. Can get defective return notice.
2. Change ur broker
3. Need to check.
4. Sometimes data shows late. So, if it shows after u file , what will u do ?
5.Same
1. You can check TIS, AIS & 26AS, all three, if it is not present anywhere then you can skip it for now. But it can be interpreted as evasion of tax if caught later. (I heard they sent notice even for past year ITR, so Dividens are updated late, then IT department can ask about that, but the chances are very rare for this) (What I have experienced is Dividend/Stocks/Savings amount are 99% reported correctly to the IT department, so better to show everything from your side)
2. Which broker you are using? I have used zerodha, paytm money and Dhan and all these 3 have the option to download the dividend statements. I believe it should be present for your broker as well. please google how to download from your broker.
3. Match with AIS/TIS as well. Generally you can show whatever it is reflecting in AIS. I am doing the same.
4. Yes, you can skip probably. But wait till 25th july to file the return, sometime it get updated late.
5. I think 1% or 2% fine is charged started from 31st march itself.
5. I meant does this fine change on a daily basis or a monthly basis?
AFAIK, TIS, AIS & 26AS is generated using data sent by financial institutions to the Income Tax Department. IT department doesn't fetch data from financial institutions. So here the issue is with the data sender i.e. your bank/broker, etc. As far as IT department is concerned TIS, AIS & 26AS is all the information they have about to you (unless they poke further, or their AI flags something fishy).
If your ITR final calculation shows that you owe tax, then either you have not paid your advance taxes or not paid your advance taxes correctly. In this case, although the tax liability figure will remain constant, but your penalty will keep increasing with each day, till you pay them fully.
Suppose I file return today. And tomorrow I realize I need to revise my filing. Do I need to wait for Income Tax department’s notice first, or can i directly file revised return without waiting for department’s notice / reply?
Question about hra, this year i rented 3 different places and only 1 crossed the 1l limit, do i need to provide PAN for all 3 or just the one is enough? Is the 1l limit per owner or per year? @third.i.financial.advisors @flash007
eg : rent 1 - 50000
rent 2 - 75000
rent 3 - 125000 - pan of owner - address ...
I have salary income and only purchase shares but not sold it... however i received divident too....Do i need to file itr1 or 2??
If there is an advanced search option in your bank netbanking, search for "ACH". You can further narrow criteria(not needed though) by filtering for credits.
If there is an advanced search option in your bank netbanking, search for "ACH". You can further narrow criteria(not needed though) by filtering for credits.
DIV
UTI
NEFT
DIS
1. You can check TIS, AIS & 26AS, all three, if it is not present anywhere then you can skip it for now. But it can be interpreted as evasion of tax if caught later. (I heard they sent notice even for past year ITR, so Dividens are updated late, then IT department can ask about that, but the chances are very rare for this) (What I have experienced is Dividend/Stocks/Savings amount are 99% reported correctly to the IT department, so better to show everything from your side)
2. Which broker you are using? I have used zerodha, paytm money and Dhan and all these 3 have the option to download the dividend statements. I believe it should be present for your broker as well. please google how to download from your broker.
3. Match with AIS/TIS as well. Generally you can show whatever it is reflecting in AIS. I am doing the same.
4. Yes, you can skip probably. But wait till 25th july to file the return, sometime it get updated late.
5. I think 1% or 2% fine is charged started from 31st march itself.