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@@teamitd3448 : Zero tax means , you have income however with deductions and on application of other aspects; it resulted in zero tax You need (would have ) to declare foreign income and accordingly pay Indian tax portion of it and using respective DTAA rate claim foreign tax relief. So your relief amount on foreign tax is independent of your final tax amount. You still can file form 67 with necessary tax certificates , you received on foreign tax Hope this helps to clarify. In case you find this channel useful, request you to subscribe and support me 👍

@@simitkulkarni7546 thank you, Hooe you would subscribe and support me 👍

@@simitkulkarni7546 in case you find the channel useful, request you to subscribe and support me 👍

@@mayurkate2345 If incidence of dividend has happened and tax is paid in foreign country , Form 67 helps to claim relief. Even if dividend is reinvested or in case of not transferred to Indian bank account , also you can use Form 67 to claim relief. Hope this helps. If you find videos helpful, request you to subscribe and support 👍 me

@@ShriManagement thanks 👍

@@priyankasahachowdhury3067 check the income codes given in form . Those helps you to decide on the incidence of income and correspondingly report withholding tax in the FY . Hope this helps In case you find vidoes info useful, plesse subscribe and help spreading the word 👍

@@happyhardiksolanki as far as I know, only option is to submit an updated one leaving put the old one. Pls check with 1800 customer support of IT department , if technical team can assist you on anyway . Hope this helps By the way, if you find videos useful, do subscribe and support me 👍

@@satviklifestyle From your explanation looks like TDS reflection into 26AS though there is TDS deducted. Hope I understood correctly. If that's the issue , check whether assessee has done KYC work with the deductor. Only then TDS reflection will be appropriate. You cant update it on your own. Secondly, you can take care of that in updated filing too, once that issue is resolved. Hope this helps. In case you find the channel useful, request you go subscribe and support me 👍

@ShriManagement Yes sir subscribed. Thankyou. TDS Is not reflected although it's deducted with dummy PAN 0000. But bank provided interest statement which shows tds deducted. How to correct in AIS and bring TDS paid into account?

Check with bank too whether they remitted TDS to department or is it just an entry in the statement

@@ShriManagement they don't reply

@@satviklifestyle you can request then officially. And secondly raise query with income tax department too, with valid PAN number of assessee using helpline. Hope this helps

@@srikanthinjapuri7579 check this one www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=nadt.gov.in/writereaddata/MenuContentImages/India%2520US%2520Double%2520Taxation%2520Avoidance%2520Treaty635480255452005394.pdf&ved=2ahUKEwj_59yLzr6HAxV64jgGHf48L4YQFnoECBgQAQ&usg=AOvVaw3UDU7m_dIBlgDFCbyEb_Lh Check still , if you get anymore latest one. If you find videos helpful, pks subscribe and support me 👍

Thank you sir for the prompt reply. Can you please share your contact ?

@@srikanthinjapuri7579 Please post your query here - either me or someone in community will help you out. Just due to quarter end, got stuck with few things...myself

@@ShriManagement sir, I want to consult you on tax filing .

@@ShriManagement my assesse is USA citizen as well as he stayed mire than 182 days . Which means residents of both countries. He has income in both countries. Previously I filed global income in India. By taking credit of taxes paid in USA. I want to know any DTAA provisions which might benefit my assessee.

@@prabakarankuppusamy8758: check if you are validating all sections correctly. If you are using incometax web portal, CG Section may not load correctly always. Use excel utility and verify. Check if taxable income can get below 50 lakh, else it attracts surcharge too. Hope this helps In case you find vidoes helpful, pls do subscribe to channel and support me 👍

Thanks @@ShriManagement for the vide and clarification, with new regime not able to bringdown below 50L hence it attracts surcharge..

@@madhuromer Depends on the DTAA agreement present between the nations . It differs either it is with DTAA agreement (Section 90 or 90a) or Section 91. Plesse check that rule and follow the right video. In case you find the video helpful, pls subscribe and support 👍

Article 90A is used in case of between two corporates. Article 90, in general fof all other cases. In case this helps, do subscribe and support 👍

@@bala7483 : select options related to foreign equity

Select option related to foreign equity holding

Do subscribe and support 😀

Yes, I too faced that issue with some clients. Save for now using one item at a time , alternatively reach out to customer care of income tax

Is it solved now? Are you using latest excel utility, that helps

You should always use "average rate of the assessee" as rate to calculate tax on dividend income. It can be different in ur case Average tax rate = taxable income / tax liability

In case of DE, withholding tax is 26.375% and tax rate is 10% . So either through directly claiming from DE tax department or otherwise , the relief will be 16.375% . Hope this helps, do subscribe and support 🙏

If you like these videos, pls do subscribe and give your support. Thank you so much for watching

Is it really 10% or 30%?

Thank you for kind words. Hope you would subscribe in, and I can be of value to your tax related queries

Thank you

Agree totally

Thank you

Thank you so much, Mahesh

Thank you. Hope to benefit all of us with this learning

Thank you Deepak San.

Yup, good catch..will do

You need to validate other sheets even ig there are zero entries by clicking validate button on sheet level. That ensures, your return is validated without errors... Hope this answers

Thank you

Thank you 😊

Hello sir ,can you mail me soft copy , I have another query after filling this application do we have to directly send the application letter to the concerned authority at their office for approval or can we mail to them ?

@@archana4801 share your email, I would send across, no problem . In terms of the process, you would have to approach either personally or through a tax consultant, respective CIT officer of the circle . In case you found the channel, request you to subscribe and support me 👍

Thank you .I'm happy that I could add value

Glad it was helpful!

Happy to note

Thank you

Thank you! Cheers!

Very good

Thanks a lot

Thank you so much , Vijay

Thank you

Happy to note, Deepak

Happy that I could add some value. Would you please subscribe and support me

Thanks Divakar

Happy that I could provide good info !

Have you not filed any return for 2022-2023, so far? If yes , then updated return can't be used for that purpose . Pre-requisite for 139(8a) is previously original or revised or updated return should have been filed.

@@ShriManagement i didn't file so far sir

As it is crossed Dec 31st, 2023, another option for you is to approach auditor with valid reason for delay in filing. They help filing return with condonation after getting approval from Income Tax department . However in that process there will be late fee and penalty

In case this info helps, request you to subscribe and follow my channel

@@ShriManagement it's ok if I have to pay the penalty but can we still do it...I'm doing it thru a CA...I can only do it on April 1st week...can CA file it even if I have pay penalty

Happy that you liked it 👍

Thank you, that you found it useful

So nice of you