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Friday, April 10, 2020

Learn How To File ITR By A Chartered Accountant [Simple & Informative] #Best Education Page #Online Earning

Learn How To File ITR By A Chartered Accountant [Simple & Informative]



guys today I'm going to teach you how to
file your ITR on your own and it is
really something very easy which you can
do on your will go to google and type
file ITR okay do you see this website
right on the top a filing homepage you
just have to click on it so this is the
home page if you are new to this website
first you will have to register yourself
by clicking on register yourself okay
select the user type select individual
continue okay fill in all the details
here which are very simple okay and be
very sure of whatever you are filling in
because it is going to be on the data of
the website of the government so you
don't want the wrong details to go to
the government portal okay so anyway you
will have to fill this up and after
entering your basic details you will
have to take up the step two which is
registration form and then you will have
to verify your registration and after
the successful verification of your
registration you'll be good to go and
this is one little window which is
popping out these days this one this
won't pop up after 31st of July or maybe
a week or more because this is the last
few days of the month of July when the
individuals are supposed to find their
income tax return so anyway now since
you must have registered yourself this
time you will have to simply log in
instead of going to register yourself
you'll have to click on login ok so I
have logged in and it is showing my name
here ok and I'm going to be filing in
the individuals income tax return and
this is what this video is all about and
as you can see this is the idle session
timer going on it is a 15 minutes okay
so whenever you will not be doing
anything on the website this counter
begins once this 15 minutes window is
over it will log out and you will have
to log in again
and be very very careful if you're doing
it on somebody else's laptop or using
help from an internet cafe or anywhere
do not forget to log out okay be very
very careful of this because this is
highly private okay so these are the two
options which you get on a dashboard
which says filing of income tax return
and then there are these returns and
form you go to these to view your old
returns but this is not of use to us on
this video so I'm going to directly
click on filing of income tax return and
as you can see it is blinking red this
page will appear under a file ok I have
hidden my pan I have little scrolled it
down you have the assessment here
assessment here is the financial year
which is going on right now so right now
2018 and 19 is the assessment year which
is going on but remember you are filing
the return for the previous year 2017
and 18 the year in which you file the
return is called the assessment here but
you always file it for the previous year
or any year before the previous year you
cannot hit the back button when you're
filing the income tax return if you hit
the back button the session is going to
logout for the assessment year the ITR
form number and all and you clicked
prepare and submit online you will open
up few categories when you scroll down
what you have to do is select the best
one I'm clicking on employee category
okay and there are further some options
where you can verify your return using
the online medium that is throughout her
or any other way which is mentioned here
your bank account and all in my case I
would simply select add hard OTP because
that is the easiest way how you can
verify your in return but the other way
would be the offline way where you can
verify this income tax return by sending
in a speed post which of course is a
tedious thing to do in Mike
I would never want to do that check this
box only if you want to file your return
in Hindi format in my case I am NOT
taking Hindi so I will simply click
continue okay so this is the new window
which pops up and as you can see each
time you will do something on the window
this counter refreshes to 15 minutes so
as I said if you will leave it idle in
15 minutes it's going to close down and
yes that is what who brings me to the
next point
please keep saving yoga these are a few
general instructions which are mentioned
they are really important please read
them all as I just told you do not click
that button or press backspace button
because you will be locked out so after
reading the instructions you will have
to follow all these tabs first is part a
general information you will have to
fill in your general information then is
the computation income and tax because
income is separate from tax tax is a
certain percentage which is placed on
your income in order to calculate your
income tax next to zero tax details and
then you have the taxes paid and the
verification and last is your 80g okay
any donations or anything that you might
have made during the year a lot of the
information on the portal is already
going to be filled because when your
employer or any bank or any institution
products tds they deposited with the
government in your name so government
already has the tedious with them so in
that case what you can do miss with the
help of your form 26 AAS you can verify
the tax that has been deposited in your
name with the government okay
and apart from that there is this form
16 which is issued to the employees by
the employers so you can also check the
tax details from form 16 and verify if
all the tasks that had been deducted
from your income been deposited with the
government or not I'm going to be
clicking on part a general information
since my window is
down there is some information on the
top as well which will be pick directly
from the forum 26 ES and you do not have
to do anything there okay but what I
want to talk about is the return file
section there are various options please
ignore this red check box that is
because I've removed the locality in the
area for the video these are the various
numbers I am doing the voluntarily on or
before the due date under section 139
one do not worry about the sections and
all they are all taken care of by the
porters I'm filing my return before the
due date hence I will be picking the
option of 11 but if you are filing your
return after the due date you will be
picking number 12 in case you are filing
a revised return you will be picking
number 17 this is of course an original
return not a revised return if I pick
number 17 here it will automatically
change to revised now the next tab opens
up which is the computation of income
and tax and yes I forgot to mention
earlier on the general information tab
right at the bottom under the employer
category you may pick whatever category
is suitable for if you are a government
employee you will pick government
otherwise you can pick psu whatever
option are suitable for you you will
fill in the details here of your income
if the system is going to calculate the
tax on its own spell in the salary that
you earn during the year okay any
allowances that you received which are
not exempt exempt means the income that
you do not have to pay the tax on so not
exempt would mean any allowance that is
not free from taxation if you face any
problem filling in any of the parts or
any of the column it's always a good
practice to go to Google and quickly
type your concern and most of the times
the question will be answered when you
will click on this tab of tax details
you will see a lot of numbers appearing
do not worry those are the figures of
tags which have been deducted and
deposited with
government which can be verified from
the form 26 AAS or the form 63 those
figures should match with the column of
tag details here I am NOT clicking on
the stats detail section because it has
all the details of mine and I hope you
can understand
let me explain a bit about all these
three tabs over here because I'm sure
they're going to confuse you if you were
a beginner taxes paid and verification
you cannot change the calculation which
are shown here in order to alter this
tab you will have to make the changes in
this tab I am right now on this tab of
computation of income as you're going to
change this column accordingly the tax
that is calculated on this vault is
going to get changed it is all
calculated by the system and the tax
details are the amounts of tax which are
deducted from your income and deposited
by the employers for whom you have
worked for all of those employers are
going to reflect here along with the
names the tax deducted by them and
deposited with the government is also
going to reflect under the tab of tax
details all that you can do is under
computation of income and tax in case
the amount which is supposed to be
paying as tax is less than the TDS which
has been deducted on your income by your
employers in that case the refund will
show on this tab which will not be
alterable each time you will change your
income here the refund or the tax amount
on the taxes paid and verification will
automatically change so in case you are
eligible for a refund you will have to
provide the details of the bank account
in which you want the money to be
credited by the government and that is
it after you're done with everything
just simply click on the tab of preview
and submit it will start to show you
your return and once you are sure of it
just simply
submit and they turn will be filed I
hope this video was helpful for you

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