Explore tweets tagged as #IDS2016
Tax assessment quashed due to compliance with Income Declaration Scheme. https://t.co/0hO0h2mEmm
#TaxLaw #IDS2016 #AssessmentOrder #TaxBenefits #JudicialReview
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ITR U is under Income Tax Act provisions only, and not like IDS2016 which was under a separate Chapter of Finance Act 2016. Legally, the TDS in regular ITR is available for set-off. Only question is does e-filing website enables the set-off?
Suppose I have 5k tds in AY 2022-23 and want to file ITR U for that year: then, Is tds can utilize in tax and late fees or have to forget the tds amount and pay again by new fresh challan ?? Is it allowed or fresh challan have to pay before filing ? @IncomeTaxIndia
@FinMinIndia
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