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1 How to do new user registration in the income tax website ( Individual )?

The first step while filing income tax online is to create a registration id inside the income tax registration website.Without this , no other steps will be possible to make including filing your return online .Login to the income tax registration website and click on "Register " and then provide the necessary details in the subsequent pages like address , name , number etc and more importantly the email address

.A link will be sent to this email id specified in the registration page for...

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Related topics : income tax filing online registration / income tax return online filing for individuals / tax file number online / income tax activity

30 How to check Income tax refund status online (From scratch)

Live Case Study - Checking refund status online for the applicant (Real Time)

Here, applicant bank had deducted more tax on FD interest income . Applicant had filed ITR 1 filing refund return. Shortly applicant got intimation under section 143(1) in agreeance to the refund filed. So , is there any way to check the refund status online .Yup , it is very easy .Just login to the income tax website and hover the mouse over my account . You will see that there is a option foir checking your refund...

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Related topics : check income tax return refund status / income tax return filing online login / tax credits deductions from income

959(Income Tax ) What is the penalty for filing late return ?(Practical)

959(Income Tax ) What is the penalty for filing late return ?(Practical)

Narration - By Amlan Dutta

Solution - https://www.youtube.com/watch?v=9O2z8V00o-o

Let us assume that previous year for myself is 2013 14 ..and the assessment year therefore is 2014 15

Now say i have FD interest income of 10 lakhs on which bank has deducted TDS at 10 % i.e 1 lakh ...for the previous year however as per tax slabs , the tax applicable is 1.33 lacs

I have not paid advance taxes and even missed my due...

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Related topics : late income tax return filing penalty / income tax slab

13(Filing Returns Online) What is the purpose of Income tax Return ITR 1 2 3 4 5 etc (AY 2014 15)

621(Income tax Masterpiece) What is the purpose of Income tax Return ITR 1 2 3 4 5 etc (AY 2014 15)

Solution - By Amlan Dutta

Video Link - https://www.youtube.com/watch?v=1F67bplyHHU

It helps you declare your income and losses so that Gross total income from all income heads adjusted to losses van be first computed

It allows you to show your savings permissible so that Total income after adjustment to Gross total income post saving's is arrived at

It then helps you arrive at taxes which...

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Related topics : income tax file return online / income tax slab / department income tax / income tax filing online / income tax allowance

1028(Income tax) How to trace the acknowledgement number for filed tax return

1028(Income tax) How to trace the acknowledgement number for filed tax return?

Video Link - https://www.youtube.com/watch?v=f2MHAGFOAog

Narration - By Amlan Dutta

Methodology - Harvard case model.

Once you have filed the tax return and send the acknowledgement to the department , you may be eager to know what is it's status

It is to be known that once the acknowledgement is received by the department in time , then they forward the return to your assessing officer for assessment !

So ,...

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Related topics : income tax return status with acknowledgement number / my tax file number / income tax filing / income tax department

1283( Stipend income) How to file tax return for stipend income (exempt)?

1283(Tax return) How to file tax return for CA articleship stipend?

Project - Make Knowledge Free

Video Link - https://www.youtube.com/watch?v=GNuwfPS0tbI

By - Amlan Dutta.

When stipend is to promote further education , it is exempt i.e research stipend , articleship stipend

When stipend is because of application of professional skills in actual cases , then such stipend is taxable

Eg - Resident doctor getting remuneration at hospital

Here , we take the case of a CA article and show...

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Related topics : free income tax return filing

3 Selection of tax return for Housewife earning FD interest income (For Pritam Deb)

Selection of tax return for Housewife earning FD interest income (For Pritam Deb)

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Pritam Deb posted a question

31 minutes ago

Sir

A house wife woman whose income was only on bank fd interest. In 2015-16 tds was deducted by bank from her interest income. Bank gives her Form 16. She had no other sources of income and nor have any loan. Which ITR she have to file to get tds refund. She have only Rs. 4 Lac Fd. And interest was near about Rs. 34,000/-. What have to...

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Related topics : income tax return form / free income tax return

12 How to file Income tax online in India (In hindi )

(All the links on the video shall direct to respective specialised tutorials for the subject ) This tutorial demonstrates on how to file income tax return .It, familiarizes the user with the graphical user interface of the income tax website .I would appreciate if users can tell me what they expect further from the income tax series ,i look forth to explain what the different types of income tax returns are ,to whom they are applicable etc ,

In future tutorial ,i will explain slabs of income...

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Related topics : income tax file return online / income tax online filing india / income tax india slab

HOW TO FILE RETURN FOR CLAIMING REFUND OF TDS DEDUCTED ON BANK INTEREST ?

1227 (Refund return) How to file refund return ?

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Video Link - https://www.youtube.com/watch?v=aPVKKMp6jOs

Case Methodology - Harvard Case Model

Narration - By Amlan Dutta.

Here the assessse has only FD interest income of 2 lakhs as her only income . Now deductor has deducted TDS at the rate of 10 % i.e 20000Rs on FD interst income under 194 A . However note that taxable liability is zero because income falls below threshold slabs

So, Assesse will file...

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Related topics : free income tax return filing / free income tax return / tax credits deductions from income

How to show exempt income in tax return | ITR 1

How to show exempt income in tax return | ITR 1

(Where to show exempt income in tax return)

Project - Make Knowledge free

Video Link - https://www.youtube.com/watch?v=5fOJLpW9Irc

By - Amlan Dutta

Many people get confused on where to show exempt income in the tax return ITR 1 .Unlike other tax returns ITR 2,3,4 individuals don't have a separate schedule for this sweetheart

It is through a small entry in the bank details section in the return ( Entry D 22 )

But ,please note that this...

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Related topics : free income tax return