Serious Glitch happening . Big Blunder in Income tax New portal

File return of MUNNA , Got ITR-V of CIRCIT

Read the whole thread-

1/n
This happened me with on 1-12- 2021
Mrs. SANTOSHXXX and Mr. HAJXXXXX are my clients whose ITR, I was filling on 1st dec-2021
2/n
I filed first Mr. HAJXXXX ITR -3, Got ITR-V and all ok. Then I made Json of Mrs. SANTOSHXXX ITR-2

In the login of Mrs. SANTOSXXX ,When I uploaded Json of ITR 2 &submitted it and Downloaded ITR-V , I was shocked to see Name/PAN / Figures
Everything related to Mr. HAJXXXX
3/n

in ITRV and ITR form , Name / PAN / Figures pertaining to Mr. HAJXXXXX for whose I filed ITR-3 some mins. before filling for Mrs. SANTOSHXXX , were appearing

I rechecked Json in folder . I had correctly picked Json of ITR 2 OF MRS. SANTOSXX.

check all pics attached ImageImageImage
4/n

I could not figure out why Portal was showing ITR form & ITR -V in name of Mr. HAJXXXXX. I revised this ITR of Mrs. SANTOSHXXX

may be bug is that , We pick right Json , but somehow Portal is generating ITRV and ITR form of Previous person
5/n
scenario 1 - if you pick wrong Json of any other person , Portal uploads it without even checking PAN &Get ITR-v of Other person. big FAULT OF PORTAL

scenario 2 - if you pick right Json of same person, Portal uploads it & Get ITR-v of Other person
Again BIG FAULT OF PORTAL
6/n

This has happened with many professionals.. atleast I got message for similar problem from 3 professionals

In old portal , Had this mistake happened , Then Portal would have never Allowed to upload XML of other PAN

@IncomeTaxIndia pl check this issue
@threadreaderapp unroll it

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More from @CA_HarshilSHETH

22 Sep
1/n
Thread on 16(2)(aa) -MOST DANGEROUS PROPOSED CHANGE

Sec 16(2)(aa) says that ITC will be available only when Supplier has furnished in his GSTR -1

16(2)(aa) is end of all hopes for any simplifications, we ever demanded in GST

On the contrary ,This is injustice to Taxpayers
2/n
I repeat , It is putting Condition which is beyond own control.
&
coz its Impossible that my 100% purchases will be reflected in Same month everytime every month

My que is
"Why I m at loss of ITC in current month if my Supplier did not filed GSTR 1?"

impossible to comply
3/n
16(2)(aa) will prove fatal for many whose ITC not appearing in 2B and they might have to take up High interest Loan

This Section might kill many business or put many in big financial crunch bcz he has to squeeze up his working capital to pay GST for ITC not appearing
Read 10 tweets
19 Sep
Dedicate a song to Infy

Here is my dedication

Offo from 2 states

"Offo इसे डांट के भगाऊं
Offo या…या सीने से लगाऊं
Offo इसे डांट के भगाऊं
Offo या…या सीने से लगाऊं
सर पे बिठाऊं, या थप्पड़ लगाऊं offo ओ… "

Sound on
Read 4 tweets
17 Sep
MEGA THREAD ON 30 BURNING GST ISSUES & SUGGESTIONS thereof

This detailed Presentation on 30 burning issues in GST Law, Procedures, Returns are hard work of Last 4 year. All GST law related issues (which we all have faced) have been compiled in this Thread. Also attached Link
You can check whole PDF in this link drive.google.com/file/d/1bM69fs…

or U can check 30 points below in Thread below

Lets get started
PART- 1 -Regarding Seamless ITC

1. REMOVE ITC restrictions of rule 36(4) and proposed Sec. 16(2)(aa)
2. Remove rule for Denial of utilizing ITC u/r 86B
3. Remove Provision ITC reversal due to 180 days Non-payment u/s 16(2)
Read 14 tweets
15 Sep
26AS should be having all info.
@IncomeTaxIndia
@FinMinIndia

Apart from TDS TCS or AIR SFT

1 SB interest
2 FD interest ( evenif TDS not deducted or no 15G/H)
3 MF Sold
4 Shares sold
5 Crypto sold
6 Share Trading or F&O
7 Property sold (Evenif < 50 lac)
8 Gold sold (yes)
9. Dividend ( Evenif TDS not deducted)

(Salary /Rent / Commission/ Fees/ Deposit interest/ Royalty
tough to get info. if TDS not deducted)

But Rest like any of above, Anything where PAN is used and Any heads of income are hit
Then it must be shown in 26AS automatically
These 9 incomes are sure shot incomes which must be shown in ITR & taxed

IT dept can easily get most these info from Bank

The IT return filer will have to show these Income from above transactions once reflected i. 26AS

And
Tax will be huge when All will show such incomes
Read 4 tweets
3 Aug
HANDS ON EXPERIENCE on New portal​

For simpler ITR 1 or 2 having Salary & Interest incomes , ​I tried filing few ITR & here is experience ( torture)

​​If you lucky U get to validate ur json from Software, upload it .. If more lucky then No error will come & U can Submit ITR
But problems are mainly after that

1. If name is not matching with PAN database then ITR will not be submitted. Dont get annoyed . Change name and Upload Json again . We had habit of Writting name SURNAME-NAME-FATHER NAME
Now this habit need to be changed
2. In some cases , OTP was coming late for E-verification..AFTER E-VERIFICATION done, When I go to download.. I cant see AY 21-22 return.. This is worst level of Glitch which can give heart attack...इतनी महेनत से upload हुआ and गायब
Read 7 tweets
3 Aug
Earlier payment of TDS was really insignificant task. Clients used to pay at own before 7th

So I was nvr worried for reminders .. Still I used to send them

But now It has 3 categorizes (and horrible messy task of checking )

so I had sent this- as reminder to clients
JUL month TDS TCS reminder - Pay before 7th Aug

Category 1- TDS (normal) -
on interest, Commission, RENT, Fees, JOB WORK, REPAIRING, ADVERTISEMENT , FREIGHT ( >10 TRUCKS)
Category 2 TDS (on Purchases 194Q)
( Only if U r 10 cr above)
Deduction of 0.1% on if purchases hv Crossed 50 lac
Read 4 tweets

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