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Mihir Tanna |961 Answers |Ask -Follow

Tax Expert - Answered on Apr 27, 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

Question by Rajkumar on Apr 26, 2023Hindi

Money

Sir, I haven’t been able to file my income taxe return for the year 2020-2021 and 2021-2022 . Due to some unavoidable issues. So how do I go about it Please advise Thanks and regards

Ans: Taxpayer can file an updated return if he has not filed original return. Updated return can be filed after paying an additional 25% of the tax and interest due on the taxable income (if the updated return is filed within 2 years from the end of the financial year). However, additional tax will increase to 50% if updated return is filed after 2 year and within 3 years of the financial year.

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 Tanna |961 Answers |Ask -Follow

Tax Expert - Answered on Dec 27, 2022

Question by ADHIR - Dec 27, 2022Hindi

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I have a typical requirement of filing a revised return for AY 21-22. Due to some addition information my pension in FY20-21 is becoming non-taxable. I submitted return before due date of Dec 21 due to covid; same has been processed and I have also got refund claimed. How can I now file a revised return for same? Kindly elaborately suggest the steps and method to file revised return for AY 21-22.

Ans: Time limit for filing a Revised return for FY 20-21' AY 21-22 was 31^st March 2022. Hence, now you cannot file revised return for claiming additional exempt income. However, in case of substantial amount of refund, it is advisable to file condonation application with jurisdictional Commissioner of Income Tax who can allow you to file revise return if reason for non-filing of correct income tax return is reasonable/genuine.

Mihir Tanna |961 Answers |Ask -Follow

Tax Expert - Answered on Apr 27, 2023

Question by Manish - Apr 26, 2023Hindi

Money

Dear Sir, I have not able to file return for AY 2022-2023.But I have deposit due tax of AY 2022-2023 through clear tax.com which they are showing during filing return but found afterwards that i don't have any tax liability of AY 2022-2023 after seeing my FORM no. 16. My company deducted 13000 & deposited to Income tax authority. when i consult for refund of amount from Clear tax .com. They replied that we have given money to Income tax authority & it is showing in your account. we cannot refund the money. My bank account is debited with Rs20000. what can i do now. please advice. if you have any mobile no. or email id please share. Thanks & Regards, Manish Kumar Kharagpur West Bengal.

Ans: During the filing income tax return, if person forgot to claim amount of TDS or tax paid, same can be claimed by filing revised income tax return. However, due date for revision of the income tax return for AY 2022-23 was 31.12.2022.

Mihir Tanna |961 Answers |Ask -Follow

Tax Expert - Answered on Apr 28, 2023

Question by Manish - Apr 28, 2023Hindi

Money

Good Morning Sir, Continuing with previous mail with you. Due date of filing of revised Income tax return of AY 2022-23 is 31.12.2022 is over. what can i do now because money was not refunded by Income tax authority as I did not have tax liability for above AY which was deposited money by mistake from me on 31.12.2022 . I do not get any solution of your previous mail. Thanks & Regards, Manish Kumar

Ans: As per income tax circular 9/2015 for CONDONATION OF DELAY IN FILING REFUND, The Principal Commissioners of Income-tax/Commissioners of Income-tax (Pr.CsIT/CsIT) shall be vested with the powers of acceptance/rejection of such applications/claims if the amount of such claims is not more than Rs.10 lakhs for any one assessment year.

Power of acceptance/rejection of the application will be subject to satisfaction that it is the case of genuine hardship on merits and necessary inquiry in made to ascertain the correctness of claim.

Mihir Tanna |961 Answers |Ask -Follow

Tax Expert - Answered on Jul 21, 2023

Question by vasudevan - Jul 21, 2023Hindi

Money

Hi Sir, I have been abroad for the past two years and came back only two months ago. Hence I was not able to file the IT returns for the year 2021-22. How do I proceed to file for that year. Anyhow I have filed IT returns for the next year that is 2022-23.

Ans: Updated return u/s 139(8A) can be filed within 2 years. However, updated return can not be filed if it is nil return or loss return or for claiming refund.

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my son is a us citizen and i have returned back to india when he is very young due to family issues... now he completed graduation in india.. and is interested to work in usa what are the opportunities that he can get to pursue further studies in usa with scholarships or assistance or get some help in settling there(unemployment benefits) as i cannot afford to sponsor him anymore

Ans: No issue. Being the citizen he will get the benefit and tuition fess will be very low as compared to other international students. I won't allow his talents to die. But don't send him for Masters, because now a days in Masters it is very difficult to get scholarship, that means tuition fees waive. Let him directly try for PH.D. Ph.D admission always comes with funding. You need to spend only for the air ticket. For long term counselling join me in LINKEDIN. In Ph.d after two years if he wants to discontinue he can safely exit with an MS degree and please don't think of unemployment benefits. It's a negative thinking. Since he is an American Citizen by birth let him fly and inscribe his name in golden letters in the academic landscape of USA. I am always there to help him. No worries please. I thank you for your kind concern for your son. GOD BLESS HIM. Professor

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Question by Sravani - Nov 02, 2024Hindi

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Sir/Madam, I'm pursuing B. Tech in Food technology and I'll graduate in 2025. I want to pursue PhD after B. Tech in Food Science and Technology abroad. So please suggest me of its a better idea or do i have to study Masters?

Ans: If you get integrated Ph.D programme in USA you can go for it and after completion of 32 credits you can exit also with MS degree. If you pursue MS then I would recommend only MS. Be in my LINKEDIN list for having permanent counselling many times in future. If you get Ph.D (integrated) then certainly don't go for Masters. I will be always showing you the correct path. There is hidden fire within you, I will only add a spark to ignite it which will take you to a great height.Bye and best wishes. Professor

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Question by Rockstars - Nov 07, 2024Hindi

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Hi Sir,I am Sunny,I have given jee advanced in 2023 and took a drop and appeared for jee mains but didnt qualify for jee advanced.I didnt gave jee advanced 2024 but now the latest news is the no.of attempts in jee advanced 2025 has been increased for three in three consecutive years Can i give jee advanced in 2025 if i clear jee mains? and the main question there will gap between my 1st attempt in 2023 and 2nd attempt will in 2025 because i have not given jee advanced 2024

Ans: You can, but let me know what you are doing right now. Have you taken admission in some other courses. Let me know your age. Here the questions are assigned to me through rediffmail. So second time whether your question will come to me or not is not known to anyone of us. Due to the policy I can’t share my email ID and Phone Number. But I would request you to follow me in LINKEDIN and send request so that I can accept you, then through LINKEDIN I can counsel you in the future multiple times. Through LINKEDIN I will be readily and easily accessible. I have counselled and changed thousands of lives. As long as I am there I won’t allow you to be defeated. Mind that always I am there with you like an invisible shadow to show you the right career path. Best of Luck. You just need a spark of motivation to create fire and I will ignite your dormant talent.

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Question by Serene - Nov 07, 2024Hindi

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I am engineer with 16 years of IT experience and now a break of 11 yrs. But in 11 yrs I had been taking Quantitative aptitude lectures as a visiting faculty in various engineering and MBA colleges and also done Mutual fund certification. I haven't been siting but doing many things professionally in last 11 yrs(In my subject of interest as Maths, Teaching, Finance, Accounting, Wealth Management). I was thinking of doing ESG certification. What kind of role I would get if i am CFA ESG certified.I am looking for Professionally and intellectually engaging role where I can contribute to Society. Not a very NGO type( I have tried working with few NGO's)

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What path should i follow after doing pg in economics, BEd and a 4 year career break after BEd for upsc preparation? Its been 7 years of higher education with a post 4 year break even after that...i feel hopeless.

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Question by Kundan - Oct 26, 2024Hindi

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dear sir ,i am working in automobile sector as a sales trainer i have completed diploma, but now i wanted to change my field and career so where can i go for that and whats should i do for best jobs and earning pls suggest .

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Question by Dheeraj - Aug 30, 2024Hindi

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Sir i am pursuing my btech in cse with specialization in (AI and ML).am i eligible to apply for renowned universities in Australia to do masters in C.S with no specialization? What would be eligibilty if i am applying for only university of melbourne?

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Asked by Anonymous - Aug 22, 2024Hindi

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How is the opportunity in india for a candidate who has done master in data science Australia and also has 1 year work experience in Australia

Ans: Truly speaking you can't expect much. First thing is that how India will consider the Master degree of Australia is not known to anyone. Even if an American MS comes after ten years of experience he/she will never get the desired and required treatment, hike and salary. India is flooded with Data Science professionals and bodies like Intellipaat are giving certificate in Data Science with collaboration with Chennai IIT or Roorkee IIT. Secondly the reputation of your Australian university is also a major factor. I think you can't expect much. Best of Luck.

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Dating, Relationships Expert - Answered on Nov 08, 2024

Asked by Anonymous - Nov 07, 2024Hindi

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Dear Sir, I am 45 yrs, married person with a son. My relations with wife is zero due to her health problem. In my office one lady faculty of 32 yrs with daughter, speaks and behave very sweetly with me. I feel she likes me and i also like her. So i invited her for coffee on one day. She came and we spent more than one hour about speaking on each other's personal things. After few days i again invited her for coffee. She also accepted it. But this time, i mistakenly told about this one of office friend, who is very jealous to us. It goes viral in office. Now that lady stopped talking to me and blocked me from her contacts. May i lost the chance of love with her due to this mistake?

Ans: Dear Anonymous,
You are assuming that your lady-friend liked you romantically; she could've considered you a good friend- good friends can have coffee together too. Maybe the reason she blocked you is that you misread the relationship and even discussed it with someone in the office. And since you mentioned you have a wife and she has health issues as well, how do you think things would have worked out between you and your lady friend, even if you knew for a fact that she is interested in you? I suggest you move on from this and also consider opening up to your wife about how the lack of intimacy in your marriage is pushing you to look for the same feelings outside.

Best Wishes.

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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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