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Tejas

Tejas Chokshi  | Answer  |Ask -

Tax Expert - Answered on Sep 11, 2023

CA Tejas Chokshi has over 20 years of experience in financial planning, income tax planning, strategic and risk advisory, banking and financial products and accounting and auditing.
He is an information system auditor, a forensic auditor and concurrent bank auditor.
Chokshi, who has a master’s degree in management, audit and accounting from Gujarat University, has completed his CA from the Institute of Chartered Accountants of India.... more
vasudevan Question by vasudevan on Jul 26, 2023Hindi
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Hi Sir, I have been trying to file IT returns for the current assessment year for a relative but there seems to be some problem in linking bank account with the IT portal. I have all data prepared because of the issue the portal does not allow to proceed further. In this regard I have filed a grievance also but there is no satisfactory solution. In such a case if things are right after the deadline, will I have to pay fine for as late filing . In this case I will be filing for refund of TDS , the assessee falls under non taxable slab.

Ans: write an email to the ITO of your ward and explain this sitution with request to waive penalty for late filling . If the requested is accepted, then only penalty may be waived off.
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  |1068 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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Ans: International Institute of Information Technology Bangalore’s B.Tech CSE is NAAC A++–accredited, following an ACM-aligned curriculum spanning algorithms, systems and electives, supported by over a dozen research labs (AI, graphics, robotics, networks) and a 12-credit internship project. The dedicated placement cell recorded nearly 100% on-campus B.Tech offers in 2024, engaging 200+ recruiters and achieving an average CSE package of ?33.4 LPA, with internship stipends averaging ?69,000. Birla Institute of Technology & Science, Pilani–Hyderabad’s B.E. Mathematics & Computing is NBA-accredited, offering a balanced blend of rigorous mathematics, statistics and core computing, with Practice School internships totaling seven months and 87.23% placements over the last three years. Experienced Ph.D. faculty guide interdisciplinary projects in data science, finance and scientific computing, while industry partnerships ensure engagement across global tech and financial firms.

Recommendation: Choose IIIT Bangalore CSE for a world-class computing curriculum, extensive research labs and near-perfect placement outcomes. Opt for BITS Hyderabad Mathematics & Computing if you prioritise a mathematically intensive foundation, integrated industry internships and solid placement consistency in data-driven roles. All the BEST for a Prosperous Future!

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Sir please tell which course is better iiit kaanchepuram btech cse or iiit kaanchepuram dual degree cse and also please give the reason
Ans: IIITDM Kancheepuram’s four-year B.Tech in Computer Science & Engineering follows an ACM-aligned curriculum emphasizing software design, algorithms, human-computer interaction and hardware-software integration, supported by specialized labs—including deep-learning engines, supercomputing clusters and embedded-systems workstations—under AICTE and UGC recognition. Its placement cell achieved a 73% offer rate for B.Tech students in 2024, with a median package of ?7.5 LPA and core recruiters across product and service sectors collaborating on internships and live projects . The five-year dual degree integrates this foundation with advanced coursework from the seventh semester onward—covering high-performance computing, big-data analytics, information security and research methodology—culminating in an M.Tech thesis under DST-funded research grants. Dual-degree cohorts (127 eligible in 2024) saw a 51% placement rate with a median package of ?11 LPA and average placements in R&D roles , while top offers rose to ?32 LPA. Both programs share faculty expertise of PhD-qualified mentors, active industry MoUs and coding clubs, yet the dual degree demands a fifth year of study, higher cumulative fees (~?9 L vs. ?7.2 L for B.Tech) and opportunity cost of delayed workforce entry .

Pursuing the integrated M.Tech pathway enhances depth in data-science, AI and systems research, offers priority access to lab-based DST–SERB projects, and leads to higher median placements and research assistantships. The additional year, however, extends academic commitment, increases tuition outlay, and postpones full-salary employment, requiring sustained academic performance and motivation to capitalize on advanced electives and thesis work.

Recommendation: Opt for the integrated dual degree CSE and M.Tech program ONLY IF you want to leverage rigorous advanced coursework, priority research mentorship and superior median placements; choose the four-year B.Tech CSE if entering industry sooner with strong foundational training and lower total fees is paramount. Pursue a BTech in CSE and secure initial job placement to gain 2–3 years of valuable industry experience. Once you have developed your skills and clarified your professional goals, consider postgraduate studies (PG/MS/PhD) in India or abroad, taking into account prevailing job market dynamics, your interests, and financial considerations. Alternatively, continue to upskill and adapt within your chosen field after graduation, allowing your career trajectory to evolve based on real-world experiences and emerging opportunities. This approach ensures both flexibility and a strong foundation for informed decisions regarding your future academic and professional development. All the BEST for a Prosperous Future!

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