Link for Google Form: New enquiries will not be accepted now as 31st July is the last date for income tax returns. Income Tax Website: www.incometax.gov.in/iec/foportal/ To join the Invest in India community: nas.io/investinindia Apply Discount Code "RR20" for monthly membership Apply Discount Code "RRGIFT30" for yearly membership
Outstanding clarity and simplicity in how Rachana explained everything. I am now confident and I successfully filed my Tax on my own. Thank you Rachana. Much appreciated indeed.
Dear Rachana, This video is not helpful as you are skipping all the main confusing points like income sources and exception scenarios. The person who decides to file ITR can easily read and understand the things you are explaining here.
Not eveything you can get through the internet, put down some efforts and study the income tax act based on latest finance act, don't come here and blame the people who are trying to spread awareness.
I never understood if thirdparty apps like clear tax can access savings account interest rate, stocks details from groww etc, how come tools built by spending thousands of crores by ITD can't do this?
Bro it is not clear tax that is tracking your info .....There will be a statement called AIS and TIS information linked to your pan . There you can see all your information
Give for ITR 2 as well We are subscriber's of your channel, which means we are having investment in Share and MF so we have few capital gains from it. So better give the three sources of income+capital gains which is thu ITR2
People who are filling there ITR just watching TH-cam video will just save the fees of CA but they loose everything when the get notice from income tax department 😅
Hello good explanation. Question - I understand under the new tax regime I do not get the 80C deduction but can I still invest in one of the 80C investments upto 1.5 lacs so the interest earned is at least tax free at withdrawal? Same question with other deductions like 80CCD upto Rs 50K? Thanks.
Can you please make a video on how to file ITR-2 for capital gains. As your content is around stock market ITR -2 filing would be more beneficial for your audience.
Madam, a lot of your videos are based on share market investments. In your pinned comment, you have also shared a link of a website which educates people about investing. But during making video on income tax return you made only on ITR 1 form. Great!
if a person is earning Rs 1,20,000 from driving an auto and from selling vegetables along with a salary of 1,80,000 from a job in another domain then which form of itr is applicable for this. and where should I fill this income? Please help...
Sir, एक ही company की दो अलग अलग शहरो की branch मे कमशः 4 महीने एवं 8 महीने की salary ली है। जो Form 16 generate हुआ है। उसमे केवल 8 महीने का ही tax deduction दिखाया गया है। जबकी taxable total salary 12 महीने की ली गई है। जिससे मुझे 4 महीने का tax दुबारा भरना पड रहा है। Form 16 को कैसे correct कराए???🙏
Mam really Thank you so much because every time We use to give auditor for filing this is the first time me and my husband We both watched your video We filled own without spending money to an auditor
After making payment it's stuck on the page with pay 0Rs, no option to move ahead. I tried going back and selected resume option but nothing happens. What should I do?
Rachana Ji, good morning, can you please advice me on the issue.......I am a Tax Resident in India and working from home in India for a foreign employer based in Singapore and received salary of 20 lac ( I don't have any other income to declare) directly in my bank account in India and have no bank account or any other assets overseas .....in such a scenario which ITR FORM (ITR 1 or ITR 2) I am required to file as per indian tax laws read with black money act 2015
My employer deduct salary for bus fare- transfortation facility & conveyance allowance is part of my salary slip but Form 16 does not show the exemption for conveyance allowance under section 14(10), can i claim it in my Income Tax Return (ITR)?
Not required if your income is upto 7Lakh.But in the future if you wish to get a loan... They'll be definitely asking last 3year IT. Even though you don't need to pay tax, you can still file the ITR for your financial planning.
old tax regime filling procedure needed ....you need explain a bit slow than showed in the video. more in detail needed. got some idea with this video. will check other video for more depth information thanks.
hi mam , meri galti se 200 rs jeet liye howzat pe wo AIS mian aa gaya and ab i am unable to file ITR 1 ,,wo ITR 2 dikha raha hai , jabki i am a salried person with no etc income , koi remedy hai so that i can file ITR 1 .
माझ्या कडे yes bank 29.99 वर खरेदी केली आहे 622 शेअर्स व त्याला अॅवरेज सुध्दा केले आहे 620 घेऊन एकूण 1222 शेअर्स आहेत त्याचा अॅवरेज रेट 25.91 आहे मी काय करावे योग्य मार्गदर्शन करावे
It is very helpful.....but I think one we should always file our itr through professionals because they suggest better financial planning and in incase there is any notice or income tax department seeks information from you , then in that case u will need professional guidance
Mam agar july month ka TDS july month main paid kiya ho to kya karna padega or June month ka TDS galti se paid karana raha hain. Or querterly main july ka dikha diya hain to kya karna padega... plz batayina na mam 🤞
Getting error as like below when i file ITR3, showing dividend income under section OS. In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.
Dear Expert, I am getting below mentioned error while validating the income tax return filing, “Invalid PAN. PAN format should be First 5 Alphabets, next 4 digits, then 1 Alphabet and Fourth letter should be "P". But I am filing income tax return for Partnership firm and the “Profile” is registered as Firm” i.e. 4th Alphabet is “F” ”. Please help us to validated the return and file the income tax Thanks in advance.
Hii ma'am, Request you to make dedicated video for Section 54F , section 112A , and short term gain from selling share For Swing traders how to file return
If we have booked long term profit and losses in stocks and mutual funds during a financial year and we have net LTCG but below ₹1,00,000 do we need to show it in ITR 2 or can we still file using ITR 1 because anyways there are no taxes for LTCG gains below ₹1,00,000
I have some speculative gain from commodity trading. whether short term capital gain will be applicable here or this will be considered as business income and taxed as per eligible slab ?
Hello mam, I stay abroad and I don’t have the Indian number activated. I would like to file taxes for my income when I was in India. Is there a way to file ? And I am expecting returns close to 10,000 rupees. Can I apply during August and September or July 31 is the last day ?
I had selected Old tax regime in my Employers portal at the start of the FY and my tax was deducted as per that throughout the year. Now I want to file my return with New tax regime so that I can get return the excess amount of tax deducted, how can I do that?
If I have other income as FD interest, they are deducting TDS, also why after deducting TDS it's showing rest amount in income ? If so do we need to pay 2 tax for single source of FD interest? Along with salary income ?
If your FD interest exceeding 40000 in a financial year, 10% TDS will be deducted by the bank. You need to get the interest certificate from you bank to get the breakup of interest earned and TDS deducted in a fiscal year. The TDS deducted will be adjusted in your total income tax liability at the time of ITR filing. Means if 4000 is deducted by bank as TDS and you total income tax to be paid is 10000, you need to pay only 6000. If there is no income tax applicable for you, the TDS deducted will be refunded after filing ITR. Hpe this helps.
Hey please help me by clarifying below query. Lets say I have a fd for 2 years which gives me a interest of 12,000 at the end of tenure. Now as one year was completed the AIS form was showing 6,000 as income from fd which I didn't received from fd. Now should I need to pay tax yearly on 6k or should I need to pay at the end of tenure for 12k??
After downloading that AIS file you showed an option of File now. Sorry I am not able to get that where to click to get that file now option please help me
Hello Rachana Ma'am, I'm big fan of your work. I have question, If we choose new tax regime this year, then in next year can we switch back to old tax regime?
If we choose one Regime between (Old/New) for one financial year, Is the selected Regime will applicable for life time ? Or Can we change for each financial year based on our requirement ? Please share your inputs.
Hi, its very informative video. i have on doubt, how to claim the professional tax here, as we are paying INR 200.00 every month and a total 2400.00 yearly. this doesn't show either in form16 or AIS. so please guide me what to do?
Hi maa'm.. Can you please advise how to declare TH-cam/Instagram earnings while filing ITR? Under which section should it be declared, and will any double taxation rebate be applicable if US tax has been deducted by youtube/instagram?
Link for Google Form: New enquiries will not be accepted now as 31st July is the last date for income tax returns.
Income Tax Website: www.incometax.gov.in/iec/foportal/
To join the Invest in India community: nas.io/investinindia
Apply Discount Code "RR20" for monthly membership
Apply Discount Code "RRGIFT30" for yearly membership
Where is this Google form ,give website is redirecting to ITR filing sit
Don't choose easy one ....choose old tax regime and show all the deducations options.
She is aligning with government to make us choose new tax regime. She is a government puppet
No contribute to nation building as much as you can
The video to learn how to do tax filing in 10 mins is of 20 mins. which means it would take 20+10 = 30mins at least.. 😂😂
Very helpful video. Filed ITR on my own. Thank you very much Madam. 🎉
Outstanding clarity and simplicity in how Rachana explained everything. I am now confident and I successfully filed my Tax on my own. Thank you Rachana. Much appreciated indeed.
Dear Rachana,
This video is not helpful as you are skipping all the main confusing points like income sources and exception scenarios. The person who decides to file ITR can easily read and understand the things you are explaining here.
Not eveything you can get through the internet, put down some efforts and study the income tax act based on latest finance act, don't come here and blame the people who are trying to spread awareness.
@@anirudhgarg9594 Spoke like a true SIMP
I never understood if thirdparty apps like clear tax can access savings account interest rate, stocks details from groww etc, how come tools built by spending thousands of crores by ITD can't do this?
Bro it is not clear tax that is tracking your info .....There will be a statement called AIS and TIS information linked to your pan . There you can see all your information
Give for ITR 2 as well
We are subscriber's of your channel, which means we are having investment in Share and MF so we have few capital gains from it.
So better give the three sources of income+capital gains which is thu ITR2
Thanks, Great video!, Helped me to submit the ITR myself this year. Expecting more informative video like this.
It's so easy for a salaried person like me. I got tired asking people how to do it. Finally I did it. Thank you for this simple explanation. ❤
Same, I asked many people everyone was like "i give it to a shop or my husband does it and all"
@@Parapio-dl7rx0
People who are filling there ITR just watching TH-cam video will just save the fees of CA but they loose everything when the get notice from income tax department 😅
Great work.Very Clear with bullet points and It is very easy to follow.
Hello good explanation. Question - I understand under the new tax regime I do not get the 80C deduction but can I still invest in one of the 80C investments upto 1.5 lacs so the interest earned is at least tax free at withdrawal? Same question with other deductions like 80CCD upto Rs 50K? Thanks.
Can you please make a video on how to file ITR-2 for capital gains. As your content is around stock market ITR -2 filing would be more beneficial for your audience.
Madam, a lot of your videos are based on share market investments. In your pinned comment, you have also shared a link of a website which educates people about investing. But during making video on income tax return you made only on ITR 1 form. Great!
Please do for
Salary
Capital gain (short term & long term)
Other sources
Free mai sab chahiye??
Need help in filing your ITR?
Plz let me know abt.Form2 /&my annual income is less thn 50lac?
Income from sale of shares will be shown under other sources or capital gains? If in capital gains, do we need itr 2
Yes
9:55 , Unable to select 139(1). Even after toggling Filed u/s, it is not getting enabled.. what to do ? Or what's wrong ?
many thanks rachana , it's simple we don't know till watching this video
if a person is earning Rs 1,20,000 from driving an auto and from selling vegetables along with a salary of 1,80,000 from a job in another domain then which form of itr is applicable for this. and where should I fill this income? Please help...
Sir,
एक ही company की दो अलग अलग शहरो की branch मे कमशः 4 महीने एवं 8 महीने की salary ली है। जो Form 16 generate हुआ है। उसमे केवल 8 महीने का ही tax deduction दिखाया गया है। जबकी taxable total salary 12 महीने की ली गई है। जिससे मुझे 4 महीने का tax दुबारा भरना पड रहा है।
Form 16 को कैसे correct कराए???🙏
Thank you madam, I have filed my return with the help of this vedio.😊 ❤
Hi Rachana, can you please do a detailed video on list of exemptions in each section with maximum amount exempted in every section.
This was very helpful !! Thankyou !!
Mam please make a video on ITR filing including salary and capitals gains both STCG and LTCG
Need help in filing ITR?
Mam really Thank you so much because every time We use to give auditor for filing this is the first time me and my husband We both watched your video We filled own without spending money to an auditor
agar stocks kharide hain but sell nahin kya financial year mein and Mutual fund bhi exit nahin kiye hain toh itr kounsa choose karna hain
After making payment it's stuck on the page with pay 0Rs, no option to move ahead. I tried going back and selected resume option but nothing happens. What should I do?
This is genuinely a good video... Thanks!
Very clear and useful 👌
one more video for how to fill for capital gain income tax
hi mam, I am a salary earner, if I pay my income tax this year according to the new rules and next year I can pay it again according to the old rules?
Big like for giving information /explaining in english,mam
Tq ❤
I have newly registered on the e filing portal and I am trying to file ITR 1 however the basic details are not getting auto populated. Pls help
Thank you ma'am for this video!! It was easy, informative, and super helpful
Rachana Ji, good morning, can you please advice me on the issue.......I am a Tax Resident in India and working from home in India for a foreign employer based in Singapore and received salary of 20 lac ( I don't have any other income to declare) directly in my bank account in India and have no bank account or any other assets overseas .....in such a scenario which ITR FORM (ITR 1 or ITR 2) I am required to file as per indian tax laws read with black money act 2015
Really thankyou for this it made the whole work so easy
She explain very nicely I wish she should teach in university🎉
It will be very helpful for all people who face problems due to lack of knowledge!
Just high level flow mentioned.. people looking here for detail step by step guide..🙂
The prefilled data on the IT website in terms of TDS deducted is not matching the Form 16 or Form 26AS amount . In such case what can we do ?
You need to add manually
Like we can see interest earned on FD etc, on ASI, is there a facility on ASI or easily, showing our LIC, PF, NOS, ...?
Thanks ! I was able to file my ITR with ease.
Anyone has an issue where they cannot select 139(1) in filed u/s even though reason for filing is selected as income is more than exemption limit??
This was very helpful, Thank you 🥹🙏
My employer deduct salary for bus fare- transfortation facility & conveyance allowance is part of my salary slip but Form 16 does not show the exemption for conveyance allowance under section 14(10), can i claim it in my Income Tax Return (ITR)?
0:20 that moment when the boss tries to fit in with the team but his eyes are on the camera!
Even after paying taxes, i am unable to verify filing returns
If someone invest in mutual funds but not redeemed in the particular FY, then which ITR they have to file? ITR1 or ITR2?
ITR 1
How will you calculate income chargeable under salaries on the head verify your taxes paid?
Hi mam, I come under CTC 4.5 lpa. Should I file ITR for the FY 24 to 25?
Not required if your income is upto 7Lakh.But in the future if you wish to get a loan... They'll be definitely asking last 3year IT. Even though you don't need to pay tax, you can still file the ITR for your financial planning.
I paid tax through online payment gateway. But it is not getting reflected in ITR. Can someone please help me how to proceed?
Even though one has income from salary, can I file itr 2 only..what are the consequences
old tax regime filling procedure needed ....you need explain a bit slow than showed in the video. more in detail needed. got some idea with this video. will check other video for more depth information thanks.
hi mam , meri galti se 200 rs jeet liye howzat pe wo AIS mian aa gaya and ab i am unable to file ITR 1 ,,wo ITR 2 dikha raha hai , jabki i am a salried person with no etc income , koi remedy hai so that i can file ITR 1 .
can the annual house tax property can be considered in ITR?
माझ्या कडे yes bank 29.99 वर खरेदी केली आहे 622 शेअर्स व त्याला अॅवरेज सुध्दा केले आहे 620 घेऊन एकूण 1222 शेअर्स आहेत त्याचा अॅवरेज रेट 25.91 आहे मी काय करावे योग्य मार्गदर्शन करावे
It is very helpful.....but I think one we should always file our itr through professionals because they suggest better financial planning and in incase there is any notice or income tax department seeks information from you , then in that case u will need professional guidance
Mam agar july month ka TDS july month main paid kiya ho to kya karna padega or June month ka TDS galti se paid karana raha hain. Or querterly main july ka dikha diya hain to kya karna padega... plz batayina na mam 🤞
This is really helpful,thank you ma'am 🎉
Most welcome 😊
@@CARachanaRanade 🥰
Mam mera itr file karna hai how will I contact u?
Getting error as like below when i file ITR3, showing dividend income under section OS.
In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.
What about Form 10-IEA which has to be filed for the old tax regime? I think the government has made it compulsory
Mene job change ki thi financial year k beech m to smjh nahi aa rha is case m kya kya change hoga
Thank you so much ma'am 🙏🙏🙏
Is it claim for house rent paid amount in new regime
What does it mean by 30% tax levied on salary above 15 lakh.. 30% of total income or 30% of the amount above 15 lakh!!!? Pls reply🙏
amount above 15 lakhs
Thankyou so much Rachana Mam
My profile is up-to-date but still the "Lets get started" buttons is greyed out. Please help.
Dear Expert,
I am getting below mentioned error while validating the income tax return filing,
“Invalid PAN. PAN format should be First 5 Alphabets, next 4 digits, then 1 Alphabet and Fourth letter should be "P".
But I am filing income tax return for Partnership firm and the “Profile” is registered as Firm” i.e. 4th Alphabet is “F” ”.
Please help us to validated the return and file the income tax
Thanks in advance.
Hii ma'am,
Request you to make dedicated video for Section 54F , section 112A , and short term gain from selling share
For Swing traders how to file return
If we have booked long term profit and losses in stocks and mutual funds during a financial year and we have net LTCG but below ₹1,00,000 do we need to show it in ITR 2 or can we still file using ITR 1 because anyways there are no taxes for LTCG gains below ₹1,00,000
no
I have some speculative gain from commodity trading. whether short term capital gain will be applicable here or this will be considered as business income and taxed as per eligible slab ?
Hello mam, I stay abroad and I don’t have the Indian number activated. I would like to file taxes for my income when I was in India. Is there a way to file ? And I am expecting returns close to 10,000 rupees. Can I apply during August and September or July 31 is the last day ?
my Tax Paid shows less amount and Tax Liability shows more amount. Does that mean I have to pay taxes?
I use to file ITR 1 now I have mutual funds do I need to file ITR same way with the invoice below 5 lacs
I had selected Old tax regime in my Employers portal at the start of the FY and my tax was deducted as per that throughout the year. Now I want to file my return with New tax regime so that I can get return the excess amount of tax deducted, how can I do that?
Need professional assistance?
Publish one more video on how to account LTCG STCG as this will be more beneficial for your subscribers.
Which ITR form should I choose if I had TDS in sections 192, 194BA and 194C.
can we get a ITR 2 video also where we have US stocks
Can you share the link of google form?
If I have other income as FD interest, they are deducting TDS, also why after deducting TDS it's showing rest amount in income ? If so do we need to pay 2 tax for single source of FD interest? Along with salary income ?
If your FD interest exceeding 40000 in a financial year, 10% TDS will be deducted by the bank. You need to get the interest certificate from you bank to get the breakup of interest earned and TDS deducted in a fiscal year. The TDS deducted will be adjusted in your total income tax liability at the time of ITR filing. Means if 4000 is deducted by bank as TDS and you total income tax to be paid is 10000, you need to pay only 6000. If there is no income tax applicable for you, the TDS deducted will be refunded after filing ITR. Hpe this helps.
Hey please help me by clarifying below query. Lets say I have a fd for 2 years which gives me a interest of 12,000 at the end of tenure. Now as one year was completed the AIS form was showing 6,000 as income from fd which I didn't received from fd. Now should I need to pay tax yearly on 6k or should I need to pay at the end of tenure for 12k??
Why you didn't show old regime and didnot show AIS? Half information you are sharing
Can you please make a video for ITR filing for NRI's and OCI holders. Also how to create a new demat account for OCI holders. Its a big challenge.
Why 80c HRA not showing in the deduction?
Can I get refund in revised or belated ITR ,if their is any mismatch in bank account details ?
After downloading that AIS file you showed an option of File now. Sorry I am not able to get that where to click to get that file now option please help me
Reason for filing income tax return link is not shared
i have TDS deducted on FD it shows in 26 AS and AIS...but not in Prefilled....what to do???
You can manually mention the tds amount and other details in prefilled data, by copy pasting from 26as.
@@hebasaud8996 should i edit the existing deduction as the deductor is same or need to add new one, it show 290 in Prefilled but in 26AS it is 8k
sad this video is not performing like other videos on your channel
Hello Rachana Ma'am,
I'm big fan of your work.
I have question, If we choose new tax regime this year, then in next year can we switch back to old tax regime?
Income tax website is not opening.
If we choose one Regime between (Old/New) for one financial year, Is the selected Regime will applicable for life time ? Or Can we change for each financial year based on our requirement ? Please share your inputs.
Really helpful!
Best video on Tax, Please Mam make the same for Business Individuals and tell us wich is best New or Old Becouse we dont have options to change
I am getting rebate under section 87A but i dont know how to select in return form can anyone help me🙏
Hi, its very informative video. i have on doubt, how to claim the professional tax here, as we are paying INR 200.00 every month and a total 2400.00 yearly. this doesn't show either in form16 or AIS. so please guide me what to do?
If form no.16 have old regime data then can we file as a new regime?
I have same doubt, if form 16 has new regime, then while filing ITR can we do it in old regime.??
Can you also pls make a similar video for those who needs to file ITR 2? It would be very helpful!
Hi maa'm.. Can you please advise how to declare TH-cam/Instagram earnings while filing ITR? Under which section should it be declared, and will any double taxation rebate be applicable if US tax has been deducted by youtube/instagram?
I don't have form-16 with me right now.
Can i file ITR without form-16 given by employer.