Is AO approval not reqd if amount in cg acct. is less than 5 lakhs (interest only ) while closing it?

Related Questions

• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) . Answered on May 10,2021
  My son is an NRI and his tenant has to deduct TDS (Tax Deducted at Source) every month and deposit in the bank. After every quarter, he has to submit Form 27A and 27Q online and then generate Form 16A. Is it possible that I deposit TDS amount as advance tax every month in the bank?
  As per Income Tax Act, TDS has to be deducted under sec 195 of the Act in these type ...
  
  2 0 418
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) . Answered on November 24,2020
  I am a senior citizen and the length of income tax return form 2 or ITR 2 is worrying. Is it necessary for a Non-Resident Indian (NRI) to fill the Schedule of FSI, tax relief (TR), Foreign Assets (FA)?
  If its not applicable to you, leave that. You have to give your ID number issued by the Country ...
  
  2 0 258
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) . Answered on November 22,2020
  I am a non-resident Indian (NRI). I do (Systematic Investment Plan)SIPs in six equity mutual fund schemes that amount to INR1.8 lakh a month. I do not have any income in India and every year I get refund for tax deducted at source (TDS) of debt funds. I would like to churn my portfolio (units that have completed 1 year) every year before 31 March and reinvest the amount in same plan before 31 March. Will long-term capital gain tax (LTCG) tax reflect on my 26AS certificate? Can I claim refund as I do not have any income in India?
  Since you are an NRI and investments had made as the capacity of NRI, TDS will be deducted on ...
  
  2 0 482
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  Why some banks are not filing the returns with the result that the interest paid to the depositors are not appearing in 26 AS?
  If it is below 40k, TDS provsions not applicable to banks.
  
  1 0 16
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  Bank fd or rd interest per year ethra vannal anu bank tds cut cheyyunnathu?
  Above 40k.
  
  1 0 64
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  Form 15G/H ബാങ്കിൽ sign ചെയ്തു കൊടുത്താൽ TDS പിടിക്കുന്നത് ഒഴിവാക്കാമോ ?
  Yes. Please see 15G video for more information.
  
  1 0 179
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  പാൻ കാർഡ് ലിങ്ക് ചെയ്യാത്ത അക്കൗണ്ടിലെ ഇടപാടുകൾ 26 AS ൽ ഉണ്ടാകുമോ? 10 ലക്ഷത്തിൽ കൂടുതലുള്ളവ മാത്രമാണോ ഉണ്ടാകുക?
  No. Pakshe PAN card link cheyyathe 50K mukalil transactions cheyyan pattilla.Please see 26AS video for more information
  
  1 0 112
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  ഞങ്ങൾ 10 പേർ ചേർന്ന് ഒരു കൂട്ടായ്മ രൂപീകരിച്ച് ഒരു ജോയിൻ്റ് അക്കൗണ്ട് നാഷണലൈസ്ഡ് ബാങ്കിൽ എടുത്തിട്ടുണ്ട്.ഇതിൽ വർഷം 10 ലക്ഷത്തിൻ്റ മേലെ ഇടപാട് നടക്കുകയാണെങ്കിൽ IT നോട്ടീസ് വരുമോ?
  Savings account il ക്യാഷ് ഡിപ്പോസിറ്റ് ഉണ്ടെങ്കിൽ വരും.Please check this video on the consequences of cash deposits in your savings ...
  
  1 0 80
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  My cousin sister from Gulf has transferred me ₹3:00 lakh in last FY by installments for her Mother’s treatment. Will there be any implications/query on this from IT dept?
  No chance for a query, since it is through banking channel.Please check this video on the consequences of cash ...
  
  1 0 125
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  എൻ്റെ savings അക്കൗണ്ടിൽ കഴിഞ്ഞ വർഷം 5,25,000 ഡെപ്പോസിറ്റ് വന്നിട്ടുണ്ട് എങ്കിൽ ഇത്കൊണ്ട് എന്തെന്കിലും kuzhappamundaavumo?
  Below 10 lakhs ayathu kondu sadhyatha illa.Please check this video on the consequences of cash deposits in your savings ...
  
  1 0 69
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  30 lakhs transferred from husband's NRE account to wife's savings account need any tax filing ?
  Not required.Please check this video on the consequences of cash deposits in your savings account and the potential threat ...
  
  1 0 148
• 
  Subin VR
  

  Chartered Accountant,FCA, DISA (ICAI) .
  2.5 ലക്ഷം രൂപയിൽ താഴെ വരുമാനമുള്ളവർക്ക് ITR ഫയൽ ചെയ്യാൻ കഴിയുമോ? ഇങ്ങനെ ചെയ്യുന്നതു കൊണ്ട് ഭാവിയിൽ എന്തെങ്കിലും ഗുണമുണ്ടാകുമോ?
  കഴിയും.  Please see the below video to know the benefits of filing return.
  
  1 0 93