Wednesday, July 26, 2023

ITR2 Error: ScheduleTR1/ScheduleTR/0: required key [TaxIdentificationNo] not found

Tax Identification Number/ TIN not found error while filing India Income Tax Returns ITR2 form. Steps to resolve: 1. Open Income tax portal in Edge browser -> InPrivate mode and login to the portal https://eportal.incometax.gov.in/iec/foservices/#/dashboard/fileIncomeTaxReturn 2. Go to Schedule FSI and 'Delete' the FSI entries(take a copy of it before you delete) and 'Confirm' 3. Go to Schedule TR and 'Confirm' 4. Logout and Login again 5. Go to FSI and fill once again and 'Confirm' 6. Go to Schedule TR and Confirm 7. Proceed with verification. You wont get the error message now

Friday, July 21, 2023

ITR Filing Form 67 for Foreign Stock Dividends

Filing Form 67 for Dividend tax to claim 25% Withheld Tax To avoid double taxation on foreign dividends Steps: 1. Go to https://eportal.incometax.gov.in/ 2. e-File [Menu] => Income Tax Forms => File Income Tax Forms 3. Persons not dependent on any Source of Income[3rd Tab] 4. Double Taxation Relief(Form 67) [14th form ie. 2nd page 4th form] 5. AY 2023-24 => Continue => Let's Get Started 6. Part A => Add Details i. Name of the country: USA ii. Source of income: Dividend iii. Rate(%): 25 iv. Tax Payable: 32% of (30+cess etc) v. 115JB/JC: 0 vi. Article: 10 vii. Rate of tax DTAA: 25% viii. Credit claimed 91: 0 ix. Add 7. Part B i. Refund of foreign tax: No ii. Credit for foreign tax: No 8. Part C => Father Name and Place 9. Part D => Upload 1042S