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Mihir

Mihir Tanna  |1031 Answers  |Ask -

Tax Expert - Answered on Nov 21, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Asked by Anonymous - Nov 17, 2023Hindi
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Hi Sir, i had ITR dues for the year 17-18. It was 15K then, now it has become 60K. The 15K tax came because of savings interest i got in 2017. There was TDS deduction at the bank side for the interest given. At that time i used to file my return myself, and made this mistake. I had to pay 10 % tax but it was already deducted by bank. How do I solve this problem. I am frustrated on the notice issued by the IT team.

Ans: As matter is pertaining to 17-18, it is advisable to make the tax payment after doing actual calculation of Income as per revised computation of Income.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Mihir

Mihir Tanna  |1031 Answers  |Ask -

Tax Expert - Answered on Sep 29, 2022

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Dear Mr Tanna, Before soliciting your sincere opinion I must first congratulate and compliment you for the benevolent job being done to alleviate the problems being faced by the solo taxpayers from the pounce of the IT Office. I would request you to go through my problem which is very much exhaustive and moreover disheartening for the busy people like you. I am a retd employee from LIC in the FY 2020/21. In FY 2021/22 I had received arrears of salary along with commutation of pension and leave encashment. The employer while finalizing the IT for 2021/22 had deducted IT giving the exemption for comm pension, 80CC and 80D without the benefit under sec 89. While filing IT I could see the effect of AIS. Without any further deduction except under 80 TTB, I tried to confirm the Total Taxable Income as per 26AS/AIS. The self-assessed tax was to be paid on three dates because of the ATM limit etc. The last payment which was on 28th July, could not be successful and was debited on 29th as a result I could not add the CIN No etc., on the Add box of tax payment. Since the total amount of tax was paid before the last date i.e 31st I did submit a short paid ITR presuming it would be taken care of. On 1st Aug I received a message under sec 143 with a demand due for 4660/. The e-file status was showing the ITR is under process with O/S demand Nil (four Green tick was displayed). Till Aug 30th when I found the ITR is not accepted despite the grievances as cited above, again I paid the balance amount going thru the demand due option, there also I faced the same problem from bank. The amount could be debited on 31St Aug. I did pay the amount thinking the ITR and tax deposit are different Module. Moreover after filing ITR I made a query with the ITO regarding exemption of Transfer grant which should have been allowed at source. They denied it under pretext that no further exemption after filling. In order to see the last payment due appear under SAT head I had submitted a grievance which was not seen till I spoke to the help desk. One reply came with so many tags to file revised IT under section 131 (5). While I visited for re-file, I could see the interest amount along with an increased taxable income thus returned back. Now my questions are: 1. How the taxable income would vary when a letter under 143 is issued with a demand? 2. If I am to re-submit the ITR under Sec 131 (5) can I restrict the taxable income to the earlier one? 3. Can they alter the taxable income when Sec 143 is invoked? 4. Finally, should I conform to the query or wait till they make their earlier demand set right. Sir I had filled it by myself without the help of a professional. Your opinion would be mostly an antidote against the IT virus that has made me upset. Eagerly awaiting your reply.
Ans: Thank you so much for your compliment. Looking at your facts, I wish you could have got professional advice on 1st August itself. My views on your queries are as follows:

  1. I understand you are using online feature of filing Income Tax Return at www.incometax.gov.in wherein data is prefilled based on information reported by different persons (like employer for salary, bank for interest income, company for dividend income, TDS deductor for TDS deducted and amount of income credited, etc.). In your case, it might be possible that reportable entity has revised its data for reporting to income tax department and accordingly amount appearing in intimation issued u/s 143(1) differs from amount auto populated while filing income tax return u/s 139(5) of Income Tax Act using online feature.
  1. It is not advisable to restrict auto populated income unless income auto populated at e-filing portal is incorrect. Check AIS for income auto populated at e-filing portal. If income appearing in AIS is incorrect, you can file feedback for AIS and offer actual income to tax while filing return u/s 139(5) of the act which allow tax payer to revise return by rectifying mistakes.
  1. Yes, income tax provides updated figure at portal even if intimation is issued u/s 143(1) of the Act, as revised figures is provided by the payer of income or person authorised as reportable entity.  
  1. I understand you are talking about self-assessment tax paid by you and not auto populated in relevant schedule of ITR. Reason for the same can be wrong selection of year or code while making payment or while uploading challan details by the bank. Please check 26AS for self-assessment tax paid, if the same is not appearing in 26AS of AY 2022-23, you have to discuss said issue with Jurisdictional officer.

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I am a younger sibling and my older sister is out of India post marriage that is since 16 years after her wedding. But now as my luck had it in store, I need to move out of country with my spouse. This puts strain and constraint on how to manage the single living for my mother. She is 79, active but living alone is scary. Right now, we are managing it somehow since I am in the same city and can keep visiting. Also, I will have to quit my well set job and restart a career/studies rather late in life. We have no kids. To this situation, my sister is not reacting well. She is completely blaming me for taking this decision - and it seems judging me at every step. She keeps telling me how a woman needs to continue to earn, not to give up on life, career, money - but she does not understand my life and her life are completely different. She is healthy, wealthy, with kids - i have none of the above. I am tired of talking to her - she does not see any joy in this decision, and seems is also wary of being more responsible towards my mother. She mentions that mother will live with her now - but it is practically not going to happen, we all know that. I do not know what to do? I do respect her, and i know her intentions are honest - but judging me and degrading our decision is too much. I just need to let it be - i mean, even if this decision is failure, it is my failure.
Ans: I hear you - it’s not easy to balance personal aspirations, family responsibilities, and strained relationships. With so many emotions involved, what feels most overwhelming right now? When you think about this move, what does it mean for you and your spouse? Beyond the challenges, what opportunities or growth does it offer? Your concern for your mother is completely valid. What support systems have you considered to ensure her well-being? Are there options you haven’t explored yet? Navigating family tensions can be exhausting. What boundaries might help you protect your well-being while still honoring your responsibilities?
At the end of the day, this is your life and your decision. What would moving forward with clarity and confidence look like for you?

Wishing you success,
Aamish Dhingra
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hello sir i am 17 year old girl i was a topper in class 10th after that i took dummy schooling plus online coaching in my 11th and 12th grade to prepare for neet but then i ruined my life completely by getting into social media and youtube addiction in 11th 1 used to spend 11hrs daily on social media my mental health was ruining i was having constant guilt and anxiety and then in 12th i did continued this routine until october my mental health was completely disturbed i dont have any friends i cant focus on studies my attention span is very bad i cant concentrate on my studies. i feel very bad for my parents they have told me to focus on my board and now my screen time is 3-4 hrs .i am trying to quit social media i have deleted instagram i cant delete youtube because i have to study but i cant study because of procastination now my boards are going on and i have completely ruined myself i dont think that i will be able to score more than 75 % in 12th .i scored 92 % in 10th .i feel bad for my parents they have very high expectation . i am loosing my mind day by day i dont know what to do .i am filled with all the negative thoughts .i have tried quitting social media or say dopamine detox but i have failed many times 13 -17 times .i cant fulfill my own promise which i made to myself .what should i do now?
Ans: You’re caught in a loop, but what matters is how you handle it now. Dwelling on guilt won’t change anything - your action will. Right now, your board exams need your full focus. Forget about NEET for now. Even if you feel unprepared, showing up and giving your best effort is non-negotiable. No excuses. Procrastination isn’t about motivation - it’s about discipline. Set a strict, no-negotiation study schedule. 50-minute study sessions, 10-minute breaks. Keep your phone away while studying. You say you can’t delete YouTube, fine. But are you willing to use it only for study-related content, with no loopholes? Your parents’ expectations are there, but for a moment, shift the focus—what does success look like for you? No overthinking. No self-pity. Just action. What’s one thing you can do right now to move forward?

Wishing you success,
Aamish Dhingra
ICF-PCC Certified Life Coach
Co-Founder, Cocoweave Coaching International, Delhi

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Mihir Tanna  |1031 Answers  |Ask -

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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