क्या STCG पर Sec 87A की रिबेट CPC द्वारा नहीं दिया जाना सही है ? | सी.ए. अनूप भाटिया
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- Опубликовано: 29 сен 2024
- Dear Friends, while processing the ITRs filed for the AY 2024-25, CPC wing of Income Tax Department is wrongly raising demands on the assessee by denying to allow credit in form of rebate u/s 87A against the tax due @15% on short term capital gain income from listed equity shares / equity oriented mutual funds etc. This video is an important update to understand what is right and what is wrong. You will also be able to know whether there is any gravity in this point or not particularly in the perspective of recent demands related communication being sent by the Income Tax Department to the assessees. Hope you will find the content worth watching.
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#87aRebate
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#cpc
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#143(1)
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#incometaxintimation
#taxdemand
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#WrongIncomeTaxDemand
#Sec87A
#RebateUnderSection87A
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Please file PLI against Income Tax department
This was really useful Video Sir....I am raising this point through all channels...I would request all to tweet to Income Tax department strongly including our honorable Finance minister
Thanks for your contribution.
Sirji kal hi 5880/- demand pay kiya hu .
.... Department ne agar june beginning me hi bata diya hota ki Rebate 87A allow in hain new regime me to ITR old me file karte Department Chor hain sirji.
Department mother chodd hai, meri 22 June ki itr 24 September ko process ki aur 3500 ka refund bhi le liya aur demand bhi bhej di 5000 rupees ki .
Mera 9050 ka😢
They trap and try to collect more n more tax. Chor government
Mera 7700
@@ashishbaikar8268 mee to 9050 ab aage kya kare
87A ka rebate milna chahiye kyo ki kahi nhi likha ki nhi milega...Mera bhi STCG Pe laga hai
Sir they know all logics, its just financial dictatorship as already adopted in GST systems.🙏🌹🙏
लूटेरा सिस्टम।
Sir you may make s video on trusts return. As per IT Act income means receipts less expenses but in the portsl income is treated as receipts and blindly receipts is taxed. Thanks for the present video I too had this issue
1:01 Sir sochi samjhi sa jish lagti hai ..pehle max people return file ker diya ab notice bhej ker fasa diya ... very very bad ....Mera 388000 per 16000+ ki demand Matlab hum 4L bhi kamaye toh department ko pet mein Dard hota hai. ..ye bharat vasion ke sath dhokha hai. Bohut bada froud Kiya hai . Inko bhagwan kabhi maaf nahi karega. TOTALLY DADAGIRI BADMASHI . WHAT CAN YOU EXPECT NOW..
In this situation 87A benefits should be allowed by CPC
Sir, Don't you think not giving benifit of indexation in debt instrument deposited prior to announcing budget is wrong. They can remove it from that day , not retrospectively. With advantage of indexation we were getting more interest in debt so we deposited & remained in the scheme for many years. Do you think there is any use of tapping any door. Pl. answer. Thanks
sir , i have also filled itr of my daughter having income of rs 2,20,000/- i.e below basic exemption out of which rs 2600 from crypto currency shown under capital gain head . but cpc has calulated demand of rs 811 ie 30% plus 4% cess . is it valid demand even if your income is below basic limit . pls advise . i shall be thankful for same sir
i am also victim of such new utilty used by cpc and could not got refund which was calulated at the time of filling itr on dated 23.06.24 . ie. intimation received us 143 (1) showing zero refund but refund was calculated rs 9108 . can i file rectification request us 154 . pls advise . your video is very useful . you are doing very good work sir for the public
Please file a writ petition against the IT dept.about this matter,Sir- we must donate you for the court cost & every one should help and think about it- someone has to come forward. 🙏🙏
Itr filing ki thi 26june ko to us samay Rebate dikhaya. Lekin Ab notice aya hai ki Rebate us 87A ka tax --- banta hai use minus karke Rebate diya jayega
टैक्स पेयर से वसूली किंजा रहीं ही टैक्स पर टैक्स ऊपर से g s t लगभग इंफियन टैक्स पेयर 85 परसेंट टैक्स देता ही आय थे लिमिट 2014 में 5 लाख करेंगे और दस साल बाद भी तीन लाख ही
intimation dark blue colour me hn or usme Your Return for A.Y. 2024-25 has been processed.
There is no payment due. Likha hua hn lekin income tax website me view filled return KE tab me processed with demand due dikha raha hn Mujhe ab Kya karna chahiye please sir batao ???🙏🏻🙏🏻
Anoop ji, what about the rebate for LTCG on property when total taxable income is less than 6L in my case? Please batayiye
It's all about Income group below 7 lakh...
Who can take risk to invest time and money to file appeal ...
And ye bat Pata hai department ko issiliye to Kiya hai ... log bolenge our bhul jayenge
आयकर विभाग ने मुझे भी डिमांड नोटिस दिया है और मैने टेक्स जमा कराया है।लेकिन विभाग नही माने तो छोटे इन्वेस्टर क्या कर सकते है।
G8 Sir ji your dedication like me as citizens of India..
@caanoopbhatia Sir 87A ka proviso jo insert hua hai Finance Act 2023 se usme clearly mentioned hai 'where the total income of the assessee is chargeable to tax under sub section (1A) of section 115BAC' yaha par ye implied nahi hai ki special rate ki income yaha include nahi hogi. To is wajah se special rate income par rebate nahi mil rahi hai.
Jabki purane section me likha hua 'whose total income' to waha saari income include hogi.
Ye meri interpretation hai kirpiya is point par prakash daliye
Sir ji maire sath bhi yahi hua hai.aap ne bilkul sahi bataya hai public ko
Sir m online 91club me paise kmata hu or ager month ke 50000 mere bank account me dalu to legel haga ya illegal please reply 🙏🙏🙏
Please keep sharing and reposting, so it reaches the authorities.
Sarkar esa fraud karti rahi toh assessee capital gain karega hi nahi aagese wo aur ulta ese kaam karega jisme cash involve ho aur loss hi aae white me sarkar ki vinash kale viprit buddhi kaam pe lagi hui he.😂
As per my opinion sunch tax collect from infosys pehle se sahi utlity deni chaye
Sarkar ka socha samjha kaam he unka reply bhi aaya tha greviance me
Bola ke nahi milega.
Sir, I will also file an appeal😅
July mei Mujhe bhi rebate nahi mila tha, maine immediately Old regime me file kar diya.. unnecessary Tax dene se bach gaya
Same I did..
Can I prefer Old regime after itr file processed?
@@SahinAkter-lw3dq not now , it can be done before 31st July
Refund mila tha old main
@@vijayshukla6415 additional tax nhi diya else abhi demand aa jayti
Agar pay ker diya hai to return Paisa kaise milega
Thank you sir
❤
You are completely right.
This time law is manipulate against middle class
Looteri sarkar hai aisi galti jan pooch k ki gai hai
100% true sir
Thanks.
Frud govt now day cap gain tax high
आपकी भारतवासी सोच बहुत ही सराहनीय है।
आप करदाता के सच्चे हितेषी है।
Dhanyavaad Sir.
Totally unexpected and undesirable,an further additional burden on the middle class which is already struggling for survival
Valid point.
Great sir and thank u very much .
I am with u and will fight for every wrong orders .
thanks for your support.
sir video is very useful
Its clearly written already where the total income is chargeable to 115bac then only this proviso is applicable then income under any special rates wouldn't be allowed to claimed the deduction as deduction here is only on normal incomes taxed under 115bac
Sir CPC is demanding on the basis that under new regime 87A is applicable if income is assessed in 115BAC (1A). And in (1A) they are talking about slab rate income only. Hence 87A is not applicable on Special Rate Income in new regime
🙏🙏🙏🙏🙏
I appreciate your contribution however would like to add a point here please refer to the provisions of Sec 115BAC(2) which says that for the purposes of sub-section (1A) the total income of the person shall be computed without consideration certain deductions etc. like chapter VI-A, set-off of any loss etc. so it does not exclude the special rate income like section 111A thus this may be also be inferred in the favor of assessee.
Kitni ad dalte ho sir ji
Thanks for your in-depth analysis.
Glad it was helpful!
Sir u r a ray of hope of several small income tax payers
Thanks.
Very informative video sir, actually tax department should not disallowed 87A rebate for STCG income. Because if someone income is only from STCG , then that person will pay tax Rs 60000 @ 15% on 7 lakhs income at same time other income group like salaried peoples are paying NIL tax for same amount of income as they are getting rebate u/s 87a of Rs 25000. So govt. should reconsider the matter again. And treat STCG income as normal sources of income
Thanks.
Sir I have only STCG u/s 111A of 1,20,000 can I use basic exemption limit for that and taxed nil??
Accounting year 2024-25
Interest income 6,95,000
Ltcg mutual fund 1,20,000
New regime me return file karege to tax banega ya nahi
Rules made are not sacrosanct or judicious as per jurisprudence. Thus, these violate Art 14 of Constitution of India. 87A is a roundabout way of not increasing the minimum incometaxability threshold of 2.5 lakh for decades, yet hoodwinking the tax paying voter. There is no equitable justification for not increasing the 2.5 lakh limit for decades at least at inflation rates. Govt wants every voter to file every detail in ITR even if they are not liable to pay any income tax under decades old limits.
Since there is no specific mention of not being allowed to clsim rebate u/s 87A in 112 and 111A, you are right, IT dept should not deny the rebate. But could it be that intention of rebate u/s 87A is not to be applied where the assesee has income-tax payable at a concessional/special tax rate (as is the case in 112A). However in wording of 112 and 111A it (non applicability of 87A rebate) has got omitted. Nevertheless in absence of specific wording the benefit should go to the assessee.
Thank you sir for this video.
Most welcome
Important n useful
Glad you think so!
Bhatia sahab mein nay reprocess kayliye dala hoon result dekhna hai
Thank you, sir. Very nicely presented!
Most welcome!
Thoda tricky hai.... Bhaisahab
Lekin ekdum correct hai,
Ladna jaruri hai... Anup ji
Welcome.
Your explanation of Law on this point is very convincing and 100 percent correct.I support your views vehemently.Thank you, Sir.
Thanks and welcome
Sir mera total income (online rummy game income),=240000/-, 87a rebate milaga 25000/- there is no other income. Please reply me.
No 36000 tax Dena padega agar apne new tax regium me bhara ho to , old tax me nahi Dena padega
Why they don't allow change in regime in revised ITR if original is filed within due date(NO PGBP income).
I have below 5lakh income, but it is filed in default regime that is new regime. But now they ask for tax...they have issued wrong utility...i have filed under wrong regime. If they can demand tax now they I too have right to revise in old regime.
Chor government
How a small taxpayers can fight with them, GST and income tax is now a burden for small tax payers...every odd they we get false demand orders...earlier it was GST department now Income Tax department....plz remove this illiterate FM
It was totally a fraud by government
Vah sir. Kya explain Kiya ha
Thanks :)
Sir income tax department mein complaint daliye
In India our system is not good. Due to these many individual face problems in daily life.
To an extent its a bitter truth.
Loktantra and income taxtantra kon desh ko chala raha hai
Great efforts sir...
Very informative and eye opener for CPC.
Agar vo ankhe khol kar dekhe to...
Yes. Thanks.
Thanks Sir, IT is always headache and this type of changes in between return filing spoils image of fairness
Yes, you are right
❤
Thanks.
Sec 115BAC
Thanks sir for your valuable inputs
Welcome.
मै बहिष्कार करता हू लूटोरोकी ऐसी सिस्टम पे......
Voting humesha zaruri muddo pe kijiye
aur usase kya hoga ? tax toh dena padega...
Excellent explanation sirji.
Thanks.
Excellent sir, 👍🙏🙏🙏
Many many thanks
You are absolutely right
Thanks for kind appreciation.
Thanks sir
Welcome.
Nice way
Thanks
❤❤❤❤
Thanks.
मिलना चाहिए
Thanks.
Sir isme 5th July tk milrhi thi rebate but uske bd nhi mil rhi thi
This a good point to challenge present demands being raised by CPC.
Sirji maine oath li hain agar meri income 50Lakh bhi huee to bhi main 1 rupees bhi Income-tax nahi Dunga bhale mujhe sab kaam cash me karna Kiya na pade.
Government Hume aaj bhi slave manti h ....... or govt jo fraud Kiya hain middle class ke sath uske liye maine ye desicion liya hain.
मैं भी अब अपना सारा काम नगद में करूंगा और अपने नाम से कुछ नहीं रखूंगा और ना हि एक रुपया भी टैक्स दूंगा, में बेरोजगार हूं, मेरे पास खाने तक के पैसे नहीं बचे और यह लोग मेरा रिफंड भी ले लिया और डिमांड भी भेज दी। अब मैं सभी प्रकार हवाला कार्य करूंगा ।
Sapne dekhte raho
See this approach is also not correct, we may fight with the system as a public voice which certainly works.
@@CAAnoopBhatia No sir, this is the right approach, I not only follow this but also provoke others to do the same, now I don't have any other option.
Thank you