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
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
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
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.
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.
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...
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!
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???🙏
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 😅
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.
hello Mam... it would be very helpful if you can help for NRI returns...you are awesome very articulate precise teacher and make things so simple and understandable...cant thank you enough
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.
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
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
While filing you had someone with income more than 20L while using the tax calculator you added 12L and confused your viewers. For 20L salary, I think old regime is better..
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
I am a salaried employee. My tax consultant made a mistake, he made a mistake, he deducts some exemptions which I am not eligible to claim (children education allowance ₹1200 and uniform allowance ₹5000 ) under the default tax regime [u\s115BAC(1A) ] Is it possible to get notice for this misrepresentation?
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
Last quarter tds amount is showing in AIS but not showing while filing ITR. Please make a video how to add the actual TDS amount. I tried to add but it asked 'income chargeable under head salaries' and where do i get income chargeable amount from form 16?
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.
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?
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?
Good morning ma'am, Ma'am I have some query regarding ITR filling i) Ma'am in last Financial year I have bought a share of TCS and I sell it to the TCS Company at buyback window. So in this context is their any liability on me. For this which ITR(1/2) should I fill ??? ii) Ma'am I have already invested in mutual funds in the last Financial year(2023-24), but I didn't sell any units of mutual funds. So which ITR(1/2) should I file as a have only purchase the units but didn't sell. Dear ma'am please respond me as soon as possible on above issues.
Looks all youtube channels who explains tax filing process got warning from the govt to expalin only "New Tax Regime". She cunningly skips the part where she explain how can a tax payer save some money by claiming deductions through the "Old Regime". That is your job madam. Do your job.
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.
Can you file ITR by claiming fake deductions, for example..1.5Lakh in 80 C? Is that allowed and is it a possibility tat it might get exposed in future? because I see many people doing it. Infact CA's are doing it while filing ITR of salaried people. Please enlighten on this topic.
I am a great fan of you, I started trading after watching your tutorials only. Can you make please videos on tax return on salaried employee with having LTCG, STCG and options gains and loss
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.
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)?
@carachanaranade aap toh openly solicit kar rahe ho...it is a professional misconduct as per Schedule I, Part-I, Clause 6 which prohibits a member in practice to solicits professional work by means of advertisement, circular, personal communication or roving enquiries, etc.
Hello Rachana Mam, I'm Manish your big fan. Please answer me a question... Currently Fy23-24 ki meri sales hai 35,lakh and profit hai 4,20,000 and no investment and no health insurance jis wajah se mujhe income tax main koi deduction nhi milegi, please guide me ki mujhe New ya Old Tax Regime main ITR4 File karna chaiye kyonki main baad main change nhi kr paunga please... And yes Main next 2 year main investment bhi karne wala hun and helth insurance bhi lene wala hu khud ke liye bhi aur parents ke liye bhi... Now guide me...
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 .
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??
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?
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
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
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.. 😂😂
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?
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
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.
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.
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...
Mam please make a video on ITR filing including salary and capitals gains both STCG and LTCG
Need help in filing ITR?
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!
one more video for how to fill for capital gain income tax
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???🙏
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 😅
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
many thanks rachana , it's simple we don't know till watching this video
Thanks, Great video!, Helped me to submit the ITR myself this year. Expecting more informative video like this.
Very helpful video. Filed ITR on my own. Thank you very much Madam. 🎉
Thank you madam, I have filed my return with the help of this vedio.😊 ❤
Great work.Very Clear with bullet points and It is very easy to follow.
hello Mam... it would be very helpful if you can help for NRI returns...you are awesome very articulate precise teacher and make things so simple and understandable...cant thank you enough
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.
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
can we get a ITR 2 video also where we have US stocks
Hi Rachana, can you please do a detailed video on list of exemptions in each section with maximum amount exempted in every section.
Publish one more video on how to account LTCG STCG as this will be more beneficial for your subscribers.
It will be very helpful for all people who face problems due to lack of knowledge!
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
While filing you had someone with income more than 20L while using the tax calculator you added 12L and confused your viewers. For 20L salary, I think old regime is better..
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.
Just high level flow mentioned.. people looking here for detail step by step guide..🙂
What about Form 10-IEA which has to be filed for the old tax regime? I think the government has made it compulsory
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
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
Income from sale of shares will be shown under other sources or capital gains? If in capital gains, do we need itr 2
Yes
I am a salaried employee. My tax consultant made a mistake, he made a mistake, he deducts some exemptions which I am not eligible to claim (children education allowance ₹1200 and uniform allowance ₹5000 ) under the default tax regime [u\s115BAC(1A) ]
Is it possible to get notice for this misrepresentation?
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
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??
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
As at present most have some investment in share mkt pls
make same video for ITR#2
Last quarter tds amount is showing in AIS but not showing while filing ITR. Please make a video how to add the actual TDS amount. I tried to add but it asked 'income chargeable under head salaries' and where do i get income chargeable amount from form 16?
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.
Thanks you good information, i am able to submit my ITR
Like we can see interest earned on FD etc, on ASI, is there a facility on ASI or easily, showing our LIC, PF, NOS, ...?
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?
Madam..in case earning from... stock market n dividends..along with salary then .how to file..pls make a video on it
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?
Good morning ma'am,
Ma'am I have some query regarding ITR filling
i) Ma'am in last Financial year I have bought a share of TCS and I sell it to the TCS Company at buyback window. So in this context is their any liability on me. For this which ITR(1/2) should I fill ???
ii) Ma'am I have already invested in mutual funds in the last Financial year(2023-24), but I didn't sell any units of mutual funds. So which ITR(1/2) should I file as a have only purchase the units but didn't sell.
Dear ma'am please respond me as soon as possible on above issues.
Looks all youtube channels who explains tax filing process got warning from the govt to expalin only "New Tax Regime". She cunningly skips the part where she explain how can a tax payer save some money by claiming deductions through the "Old Regime". That is your job madam. Do your job.
Why you didn't show old regime and didnot show AIS? Half information you are sharing
If I have profit 2554 from STCG then how can I get relief it .
Which ITR I should fill?
Can you also pls make a similar video for those who needs to file ITR 2? It would be very helpful!
Thank you ma'am for this video!! It was easy, informative, and super helpful
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.
Thankyou so much Rachana Mam
If form no.16 have old regime data then can we file as a new regime?
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
Can you file ITR by claiming fake deductions, for example..1.5Lakh in 80 C? Is that allowed and is it a possibility tat it might get exposed in future? because I see many people doing it. Infact CA's are doing it while filing ITR of salaried people. Please enlighten on this topic.
0:20 that moment when the boss tries to fit in with the team but his eyes are on the camera!
I am a great fan of you, I started trading after watching your tutorials only. Can you make please videos on tax return on salaried employee with having LTCG, STCG and options gains and loss
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.
Thanks ! I was able to file my ITR with ease.
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🙏
If somebody has not booked any profit and only received Dividend amount(minimal), Does he/she fall under ITR 1 or 2?
sad this video is not performing like other videos on your channel
Crisp and clear presentation❤,... What if there is some arrear income, to file 10e, can you make a short video mam regarding 10e
Hi ma'am
Please make a similar video for salaried people with trading and investment income
Hi rachana , MI SIP keli ahe monthly 10000 ..mla ek question ahe porfilio value Ani investment value same aste ka
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)?
Hi ma'am,
I just want to fill ITR, my salary is not yet taxable,
So can i choose other(last option) , while filling ITR1
Really thankyou for this it made the whole work so easy
Even though one has income from salary, can I file itr 2 only..what are the consequences
Do itr for a employee working in u.s. based company getting stock of company listed on NASDAQ
why I am asked by itr filling to pay huge tax even TDS deducted by my company? I am salaried person.
Best Video for filing ITR 1
@carachanaranade aap toh openly solicit kar rahe ho...it is a professional misconduct as per Schedule I, Part-I, Clause 6 which prohibits a member in practice to solicits professional work by means of advertisement, circular, personal communication or roving enquiries, etc.
Which ITR form should I choose if I had TDS in sections 192, 194BA and 194C.
Please if possible make a video on filing ITR using ITR 2 even if the video is long
This is genuinely a good video... Thanks!
इनकम टैक्स कटने की प्रोसेस बहुत आसान है और रिटर्न करने की प्रोसेस इतनी लंबी,
बहुत नाइंसाफी है भाई।
Hello Rachana Mam, I'm Manish your big fan.
Please answer me a question...
Currently Fy23-24 ki meri sales hai 35,lakh and profit hai 4,20,000 and no investment and no health insurance jis wajah se mujhe income tax main koi deduction nhi milegi, please guide me ki mujhe New ya Old Tax Regime main ITR4 File karna chaiye kyonki main baad main change nhi kr paunga please...
And yes Main next 2 year main investment bhi karne wala hun and helth insurance bhi lene wala hu khud ke liye bhi aur parents ke liye bhi...
Now guide me...
what about deduction on children's education, medical expenses etc
Ma'am why have you skipped the HRA exemption claiming part ?
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
This was very helpful !! Thankyou !!
Why 80c HRA not showing in the deduction?
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 ?
My TDS on Salary showing 35k although in my form 16 it is showing 70k. What to do un this case kindly suggest
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
Nice Explanation
If I have MF & Stock investments but, don't have any realised capital gains, then which ITR I need to fill 1 or 2 ??
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 don't have form-16 with me right now.
Can i file ITR without form-16 given by employer.
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 .
CA killing other CA'S business
😅😅TH-cam came so many years, a d everything available still log using it for consuming bakwas thing😂real, not gaining knowledge. Yes sometimes😂
मराठीत फॉर्म नको तो इंग्रजी मध्ये कसा येईल.
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??
This is really helpful,thank you ma'am 🎉
Most welcome 😊
@@CARachanaRanade 🥰
Mam mera itr file karna hai how will I contact u?
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?