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Mihir Tanna |933 Answers |Ask -Follow

Tax Expert - Answered on Oct 19, 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 - Oct 06, 2023Hindi

Money

My refund failed with reason is 155. What can I do

Ans: Please check if bank account is validated and available for refund (not restricted). Also check if any old demand is outstanding.

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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Vivek Lala |277 Answers |Ask -Follow

Tax, MF Expert - Answered on Aug 25, 2023

Question by Litton - Aug 13, 2023Hindi

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I filed my IT return on 23rd May and it got processed on 23rd June but still i have not got regund

Ans: Hello, do check if the bank account mentioned is correct
Also you can raise a refund reissue request on the website itself

Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Sep 20, 2023

Question by kamal - Aug 22, 2023Hindi

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sir i have filled my IT return for fy 22-23 succcessfully but not recd it refund

Ans: •Generally, it takes 20 to 45 days for the refund to reach you after filing and verifying your ITR. But there could be multiple reasons that you have not received a refund.

•Firstly, you have to check whether the Income Tax Department has processed your ITR. You will get a refund only after your income tax return is processed. You can check the status of your ITR on the e-filing website of the Income Tax Department.

•To get an ITR refund, your bank account should be pre-validated. In case the bank account is not pre-validated, you will not receive a refund.

•E-verify your income tax return to get a refund. As per the latest rules, you need to verify your ITR within 30 days of filing it. So, if you haven't e-verified your return, you will not be eligible for an ITR refund.

•Your income tax refund can also be delayed if you have any outstanding demand pending from the previous financial year. If there is any outstanding demand pending, then your income tax refund will be adjusted against that demand.

Mihir Tanna |933 Answers |Ask -Follow

Tax Expert - Answered on Oct 19, 2023

Question by Vivek - Oct 05, 2023Hindi

Money

I have filed my IT return wherein 20000/- is to be refunded. But the refund not yet received since 2 months have been passed.

Ans: Please check if bank account is validated and available for refund (not restricted). Also check if any old demand is outstanding and return is processed with refund.

Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Nov 11, 2023

Question by Damji - Oct 30, 2023Hindi

Money

I file returns in 29 September 23, and same day revised my returns do to mistake of refund amount. I received original refund claim but not received revised return amount till now give me advice

Ans: You can expect to receive your refund within 20 to 45 days after your return has been processed.
Here are a few things you can do to follow up on your refund:

1. Check the status of your return online. You can do this by logging into your e-filing account and clicking on the "Check Refund Status" tab.
2. Contact the Income Tax Department. You can call the department's helpline at 1800-103-0025 or 1800-419-0025.
3. If you haven't received the refund, you can also submit a grievance on the e-filing portal of Income tax.

An interest of 0.5% per month is paid by Income tax department from April 1 till the date on which the refund is granted. However, such interest is not payable when the tax refund is less than 10% of the total tax liability.

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Dr Dipankar Dutta |557 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 09, 2024

Asked by Anonymous - Sep 08, 2024Hindi

Career

Sir, My son studying CSE core in KIIT (2024). Pl suggest how to study and how he can prepare himself to get better placement in future.

Ans: It's great that you're already thinking about how to build your son career from the very beginning. He has to focus on academics. Engage actively in all classes, labs, and assignments. Make a habit of asking questions and seeking clarity on concepts you don’t understand. Develop programming skills on programming language like Python. He has to decide about his future course of action, i.e. job, higher study like M.E. or MBA. Try to accrue skills suitability. Enroll in online courses. He can do DS course from IIT Madras.

Milind Vadjikar |69 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 08, 2024

Asked by Anonymous - Sep 08, 2024Hindi

Money

Sir my age is 47 i am a state government servant my gpf amount 1600000 and i have my own house have left 11 years of service i want to have a good retirement life please sugest

Ans: I presume you do not have NPS account. Please open NPS account and invest systematically, as much as possible, so as get a good corpus alongwith EPF, after retirement.

You may follow us on X at @mars_invest for further updates

Dr Dipankar Dutta |557 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 08, 2024

Asked by Anonymous - Sep 08, 2024Hindi

Career

Sir my daughter is studying btech mtech dual degree biotechnology in kiit. What is the scope in future

Ans: Your daughter pursuing a B.Tech-M.Tech dual degree in Biotechnology from KIIT (Kalinga Institute of Industrial Technology) has a promising future ahead. She can do Research and Development (R&D) in Pharmaceutical Companies, Agricultural Sector. She can do Doctoral Studies (Ph.D.) also.

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Insurance, Stocks, MF, PF Expert - Answered on Sep 08, 2024

Question by Chandra - Sep 07, 2024Hindi

Money

**Subject:** Request for Investment Review and Future Corpus Estimation Dear Mr.Vivek, I hope this message finds you well. I wanted to review my current investment portfolio and seek your expert advice regarding the future growth potential, as I aim to build a corpus of at least INR 3 - 5 crores by the time my daughters turn 18 years old. Is this figure realizable? Here’s a breakdown of my current investments: 1. **Mirae Asset Large & Midcap Fund (Direct Growth)** – INR 5,000 monthly - Current value: INR 135,281 2. **Canara Robeco Small Cap Fund (Direct Growth)** – INR 10,000 monthly - Current value: INR 210,164 3. **Quant Small Cap Fund (Direct Plan Growth)** – INR 5,000 monthly - Just started; current value: INR 5,190 4. **ICICI Prudential Balanced Advantage Fund (Growth)** – INR 20,000 monthly - Current value: INR 583,113 5. **HDFC Balanced Advantage Fund (Growth)** – INR 15,000 monthly - Current value: INR 503,604 6. **SBI Balanced Advantage Fund (Regular Growth)** – INR 15,000 monthly - Current value: INR 321,491 7. **Sukanya Samriddhi Yojana (SSY)** – INR 50,000 annually for my 9-year-old daughter - Current value: INR 565,805 (since 2016) 8. **Provident Fund (PF)** – Current balance: INR 10 lakh 9. **Tata AIA Life Insurance Fortune Pro ** – Started last year INR 150,000 to be paid for 5 years till 2027 10. SBI Child Plan Smart Scholar - Completed INR 500,000 Total Investment for 5 Years in 2024. From this year every financial year I plan to invest my working bonus of INR 3 Lacs to INR 5 Lacs every year as a bulk investment and diversify in different funds. I am 46 years old and plan to continue working and investing for another 5 to 6 years due to health reasons. My spouse is 37, and we have two daughters aged 9 and 5. My goal is to accumulate a corpus of at least INR 3 to 5 crores by the time my daughters reach 18 years of age. Based on my current investments, do you think this target is achievable within the given timeframe? I would greatly appreciate any suggestions or adjustments you might recommend to help reach this goal. Thank you for your guidance.

Ans: Yes your target is achievable in the given time frame.(13% return assumed) I am sure you have planned for some regular income after you stop working (~6 years from now) to meet the regular expenses. Plz. Make sure you have good family floater health insurance coverage apart from the employer's group health policy if any. Insurers typically insist 3-4 years of continuous coverage after which pre existing illnesses are covered. Consider investing in SSY in the name of second daughter, if possible. As you approach your target move corpus away from equity MFs into liquid or ultra short term debt funds.

*Investments in mutual funds are subjected to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates

Happy Investing!!

Milind Vadjikar |69 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 08, 2024

Asked by Anonymous - Mar 17, 2024Hindi

Money

Hi I’m a Canadian citizen n sold my flat paying 23.92 tds. To avoid or get refund of my tds what’s my best option...invest in hivt bonds or another option ?

Ans: NRIs are allowed to invest in 54 EC Capital Gain bonds to save LTCG liability upto 50L so you can buy these bonds and claim refund. The tenure is 5 years(lock-in) with an interest rate of 5.25%, paid annually. Available in physical as well as demat format.

Milind Vadjikar |69 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 08, 2024

Question by Chandrashekhar - Feb 25, 2024Hindi

Money

I have transferred some of my Mutual Fund investments to my daughter as a gift. Do I need to make a gift deed? Do I need to register it? What will it cost me to register it?

Ans: As on today transferring or gifting mutual fund units is a difficult topic(gray area) that needs to be addressed by the regulators. When you say you have transferred, I suppose you have redeemed your holding and purchased units in the name of your daughter who is a major(above 18 years). No need for gift deed in such case.

Other ways could be through nomination, joint holding

Radheshyam Zanwar |817 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 08, 2024

Asked by Anonymous - Sep 08, 2024Hindi

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Sir,My daughter is studying biotechnology(b.tech+m.tech)from KIIT Bhubaneswar.How good are the placements from this institution and what else should she learn so that she càn enhance her knowledge from learning and career enhancement perspective

Ans: Hi.
You did not mention the year in which your daughter is studying.
The placements for B.Tech. + M.Tech in Biotechnology is good and will grow as time passes.
Here are some key points on which your daughter can focus:
(1) Learn tools like Python, R, and Perl for data analysis in genomics and proteomics.
(2) Gain proficiency in CRISPR, PCR, DNA sequencing, and protein purification.
(3) Explore applications of AI/ML in biotechnology for drug discovery, medical imaging etc.
(4) Consider online certifications in Genomics, Biostatistics, and Clinical Research
(5) Seek internships or research projects in pharmaceutical, agriculture, or biomedical fields.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Radheshyam Zanwar |817 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 08, 2024

Asked by Anonymous - Sep 03, 2024Hindi

Career

Hlo sir/ma'am maine 2022 me 10th kiya h uske baad mera 2 saal ka gap h maine 2024 me 11th class me admission Li hu kya main 2026 jee advance ka paper de sakti hun kya

Ans: Hello.
To appear for JEE (Adv) you have to clear first JEE (Main). It will be difficult for you to match with the syllabus after a huge gap of 2 years. But nothing is impossible. If you qualify in JEE (Main) cutoff, you certainly can appear for JEE (Adv)

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Radheshyam Zanwar |817 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 08, 2024

Asked by Anonymous - Sep 08, 2024Hindi

Career

Sir,I want take advice that what 3rd year cse student should follow for better placement and intership,,

Ans: Hi
Here are some key points a student must try to follow-
(1) Build Strong Technical Skills in C++, Python, and Java, and Practice on LeetCode, HackerRank, and Codeforces. Work on OS, DBMS, Networking, and OOPs.. Try to gain proficiency in front-end (HTML, CSS, JavaScript) and back-end technologies (Node.js, Django).
(2) Focus on Competitive Coding like CodeChef, HackerRank, or Google Kickstart
(3) Work on Projects for web development, AI, or mobile apps
(4) Create an attractive LinkedIn profile. Attend tech webinars, hackathons, and coding contests to connect with industry peers.
(5) Use platforms like Internshala, AngelList, LinkedIn, and company career portals to search for internships.
(6) Practice mock coding interviews and aptitude tests on platforms like InterviewBit or Pramp to prepare for campus placement interviews.
To some students who enjoyed a lot in their engineering for 3 years, it seems to be difficult. But simple for those who worked hard since 1st year and focussed on the syllabus and extracurricular learning activities.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

Radheshyam Zanwar |817 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 08, 2024

Question by Ismah - Sep 03, 2024Hindi

Career

When is the right age/ class to prepare for neet

Ans: Hi Ismah

From the 8th standard, you can join foundation classes for the preparation of NEET classes. If not possible, no need to worry. You can also start preparation from the 11th. With full 2-year preparation (11th and 12th), you can crack the NEET.

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam

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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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