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The answers given below are in response to queries asked by other people.
Name Sagar chopra
Query

Sir, we recieved form 5 in which there is refund but unfortunately my dad expire I add my mother as legal heir on income tax portal, please advice how to get/procedure for refund.

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Name Chandra Sekhar Reddy
Query

Appeal to CIT Appeals filed with in time limit and was pending on 31.01.2020 for the assessment year 2013-14

263 order passed by CIT IT TP on 26.02.2020

Being my appeal is pending on 31.01.2020 I have opted for VVS and filed forms 1 and 2

The same is rejected by CIT IT TP
Is rejection is valid?
If not what is the further course of action

Please advise
Thanks in advance.

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Name Rajvi
Query

For AY 2005-06, assessee has discharged tax at the rate of 10%. Subsequently, reassessment notice was issued in AY 2005-06 basis survey in subsequent year (AY 2009-10). Further, objections were filed against the reassessment initiation. The AO rejected the objections against which assessee filed writ petition in High Court. Writ petition is pending as on 31 Jan 2020.

For AY 2009-10, income of the assessee was taxed as PE and income was attributed at 50%, thereby leading to an effective tax rate of 15%.

Considering the fact that reassessment was initiated basis AY 2009-10, can it be argued that it is possible to determine tax liability for AY 2005-06 at 15% (basis assessment carried out in AY 2009-10) and assessee is eligible to opt under the Scheme for differential 5% of the taxes.

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Name Gaurav
Query

I filed form 1 calculating the tax payable under section 3 more of what actually payable by mistake.the department has issued form 5.Can I rectify the order now?

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Name sandeep sharma
Query

The assessee got partial relief in cit(A) . On 30.01 .2020 , both Department and assessee went to appeal.

Later on in nov. 2020 bother the appeals were dismissed by itat.

Now the assessee has filed vsvs on the issue sustained by cit(appeal).

My opinion is that the assessee should have filed vsvs on both the issues sustained/deleted because on 30.01.2020 , the both the issues were disputed before ITAT.

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Name VED JAIN
Query

How to withrwal online appeal

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Name Lieder Panicker
Query

As per VsV Scheme a person in whose case time limit to file appeal has not expired on 31/1/2020 is eligible to opt for the scheme.
My query is whether it is necessary to file appeal after 31/1/2020 but before the expiry of the time limit to file appeal, to be eligible to avail the benefit of the scheme, or it would do even if appeal is not subsequently filed

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Name Manku Yadhagiri
Query

As per my 26as, there was an amount of 66,50,000 with a TDS Deduction of Rs 3,50,000/- under section 194D. Can I offer my Income under 44AD now?
Whether the nature of the insurance commission mentioned in Section 44 and section 194D are same?

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Name SAMIR CHAKRABARTI
Query

I went for VIVAD SE BISWAS SCHEME for my long lasting appeal before CIT(A) AND got Certificate no.5 after paying demanded tax set BY THE HONOURABLE PRINCIPAL CIT.I WITHDRAW MY APPEAL AND ALSO GOT ORDER U/S 250.MY QUERY: IS DEMAND AGAINST ME IS OVER OR I HAVE TO PAY FINE AND PENALTY?

THANKS IN ADVANCE DIR.

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Name ARAVIND JAYARAMAN
Query

When I filed the form and form 3 is received from the IT Department which does not contain the actual amount of refund adjusted by the department , even though I have correctly mentioned it in the declaration filed, is there any way to correct it ??

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