The objective of the channel is to explain complex provisions of the Income-tax Act, in simple and lucid language. Initially, provisions related to taxation of income of an individual are being covered. However, certain other topics are also being covered taking into considerstion suggestions of dear viewers.
The videos published in the channel have been found useful by majority of viewers including practicing Chartererd Accounts, Advocates, tax consultants and officers of the income-tax department.
I am sure, the videos published , will assist, students in preapartion for LLB, Chareted Accountant , B.Com and M.Com Examinations and for the officials of Income-tax department in preparation of departmental examinations for Inspector of Income-tax and Income-tax Officer.
With 31 years of hands-on experience in dealing with income-tax issues, I will make sincere efforts to provide quality content to viewers of the channel.
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Regard,
-O.P.Yadav
Пікірлер
Itr kon sa file kare ismein
IT IS ADDED TO GROSS SALARY AND THEN DEDUCTED. WHAT IS THE POINT THEN ? THIS IS NOT CORREECT WAY OF DOING
Please go through the relevant provisions discussed in the video and my earlier comments on the similar queries.
Sir please let me know where to report this exempt income in itr??
Watch my video kzread.info/dash/bejne/d6OoqLCCncfAiJc.htmlsi=9ffReXTMUDNPM2CN
Sir thank you but need to know 1 thing. agar 16 no. me NPS ka 14% employer deduction add nhi kiya fir kaise claim kar skte
In case of govt employee
Watch my video to know , how much penalty can be imposed on false claim of deduction kzread.info/dash/bejne/g4uTp9Clh7vSido.htmlsi=mKoos44w9uWbEnd3
Sir ji,likha aa raha ki process with damand due but koi pey ka option nahi aa raha or naa hi 245 ka koi notice nahi aa raha please help sir
Login to e-filing portal, select from "e-file" option - E-Pay Tax
Sir agar ye part of salary hai to employer kaise bina add kiye isko salary slip bna rha aur tds kaat rha hai
It is the responsibility of the employer to include the same in gross salary for the purpose of making TDS u/s 192. May be he is not aware of the provision of section 17 referred to in the captioned video. The employer may be held responsible for short TDS and liable for action u/s 201(1) and 201(1A) , in addition to other consequences under Income- Tax Act.
Sir main gross salary mein nps ke contribution ko add nahi kiya 2022-23 mein ab kya karu sir.... mujhe to return bhi mila hai ab kya karu..... kindly help....
Please share your contact number on my email id [email protected]
Sir should gifts received from relatives be shown under Exempt Income? There have been several articles by renowned CAs on Google suggesting this approach. Could you please clarify this matter?
Dear Shilp, in my opinion there is a difference between income exempt u/s 10 and the deemed income. If you need any further clarifications share your contact number on my email id [email protected]
Psu banks k case me kya hoga, weather they can claim 14% or not as they are neither Central nor State employees
Please watch to get an answer to your query - kzread.info/dash/bejne/dXum1chqg7jZYLA.htmlsi=Kvq21kQIDio0DWf7
Sir, for private employee leave encashment is exempted only when they retire, right ? If a employee resign and change its organisation then in this case it will be fully taxable.
Yes, exemption is on retirement on superannuation or otherwise.
Jab jod kar 14% chhut kis par milna hai Jodane ke bad Jo total gross salary aayegi uska 14% 80ccd2 me labh milna h kya
Watch kzread.info/dash/bejne/dXum1chqg7jZYLA.htmlsi=Kvq21kQIDio0DWf7
Thanks
My pleasure ☺️
Hi Sir! I shifted to ops from nps last f.y. can I claim deduction u/s 80ccd(2) for those year?
Watch for more details kzread.info/dash/bejne/dXum1chqg7jZYLA.htmlsi=WTV8dmh7ImR9EpGy
Sir anyone every year fill itr...if some misreport income was there in case only 200 percentage tax dena hoga and jail must hoga
Watch for penalty- kzread.info/dash/bejne/g4uTp9Clh7vSido.htmlsi=NYDaT4AgkofcAvWq
Please speak continuously, why you are taking pause while speaking 😂
Noted, thanks.
Thanks for the video sir, If my employer's NPS contribution is not reflected in Form 16, should I still claim the deduction? Please help, your advice is much appreciated!
In my view "No", please watch my video again. I have discussed, the issue with examples.
@@TaxGyanbyOPYadav Thanks for the reply sir, but when i searched for this on internet i found mix opinions, in most of the cases i found that under 80CCD(2) the employer NPS contribution can be claimed for deduction irrespective if its mentioned in Form 16 or not. I am too confused regarding this, Not sure about the correct answer.
@@paritoshbhatt please share your contact number on my email id [email protected]
Sir ITR file karke dekha ...14% add karo gross me fir 14% ki deduction lo..to result ZERO fayada hua...fir to es section ka koi fayada nahi ho rha
फायदा यह है कि यदि ये प्रावधान नहीं होता, तो employer का nps में कंट्रीब्यूशन आपकी सैलरी इनकम में tax होता।
Sir ye form 16 mein dikhaya nahi employer ne kya exemption milega
अपने employer से पूछिये, क्या उसने NPS को gross salary में include किया है।
Best explanation sir
Thanks dear
Sir, I am from department, video is very informative. Aapki awaaz thoda clear hota to behtar hota. Thank you.
Dear Subhashish, I watched the video after your feedback. The video was recorded two years ago. substantial improvements have been made in the quality of the videos, Please watch my new videos. Thanks for your valuable suggestion, Please share your contact number on my email id, it will be my pleasure to interact with you. Regards
Very nice sir. Full information provide kiya aapne details me. Thanks a lot.
My pleasure. Regards
Sir which itr should be filled if tds id deducted on enhanced compensation ?
What are other sources of income?
Salary
sir have few queries, please suggest on how to reach out to you
Please share your contact number on my email id [email protected]
@@TaxGyanbyOPYadav sure sir.... done and thanks for your prompt reply
Sir, if a father has gifted his flat to his daughter then does the daughter need to make any mention of the same in her itr ? Please confirm.
Watch kzread.info/dash/bejne/aGucxLujfcS7XZc.htmlsi=DcP7I8T3PXmWcY2i. In case need any further clarification, share your contact number on my email id [email protected]
1. Sir mere form 16 me employers contribution meri gross total me add nahin hai to kya mujhe 80 CCD 2 ms rebate mil sakti hai ???? 2. Dusra sir kya main income tax calculation me usko apni gross me add karunga to kya kuch rebate milegi ya same rahega gross ????
पहले सवाल का जवाब " नहीं" वीडियो को इस बार फिर से देखें, दूसरे सवाल के जवाब के लिये मेरा वीडियो kzread.info/dash/bejne/dXum1chqg7jZYLA.htmlsi=wHm39H2ZGaIeLdvD देखें।
If employer contribution not show in form16 and auto filled data in itr form.On which basis i can iyr filled?
You can correct prefilled data in ITR
धन्यवाद श्रीमान जी।
Keep watching. Regards
This video is more helpful for compensation received at the time of leaving company..for rendering services..
Thanks dear Naveen.
please help me medical reimbursement from previous employer after retirement at a fix rate of last basic pay.. of which all expense have been done during the year...where to disclose and how much i.e. salary me pura reimbursement dikhade and 50000 st. ded. bs ya medical exp. ka ded. khi milega
Go through the relevant provisions.In case you need clarification from me share your contact number on my email id [email protected]
Sir , In New Tax Regime , as i am govt. Employee , Traveling allowance 3600 per month × 12 Month : 43200 ..... can we claim for exemption in 10(14) (i) / 2bb a to c ...... can we ? Please guide
Actual expenses incurred on conveyance or travel are only exempt.
🙏
🙏
@@TaxGyanbyOPYadav🙏
माता जी की किडनी फेल का इलाज दिसंबर 2023 में हुआ l जिसका मुझे अप्रैल 2024 में पब्लिक सेक्टर कम्पनी से remburshment मिला l उसके लिए 3a फॉर्म भरना है क्या? इसका itr रिटर्न finacial year 2023-24 या 2024-25 में भरा जायेगा l
FY 2024-25
What about PPF
If you watch my video, I referred to " any other provident fund notified by the Government'. The PPF comes in that clause, hence, the provisions discussed apply to PPF interest also.
अपने माता पिता की प्रॉपर्टी में से दो भाई अपने हिस्से की जमीन को अपनी 2 बहनों को गिफ्ट करना चाहते हैं, जिन बहनों को गिफ्ट मिलेगा, क्या उन्हे इनकम टैक्स देना पड़ेगा या टैक्स फ्री होगा ? गिफ्ट और relinquishment deed में कौन सा सही रहता है ? कृपया बताएं 🙏
मेरे वीडियो को देखें kzread.info/dash/bejne/aGucxLujfcS7XZc.htmlsi=Hl_UwEN2L3_8LrJ4
Sir if one received compensation on delay of property, what tax or no tax or its capital gains
Dear Babita, in the absence of complete facts, it is difficult to answer.
@@TaxGyanbyOPYadav sir court granted compensation due to delay in possession of property
Sir, In which category does a PSU(Public Sector Bank) falls? Because my bank deducts 14% u/s 80CCD(2) as employer portion of NPS. It is also reflected in Form 16. So, how much percent (4%, 10% or 14%)should I show in Deduction u/s 80CCD(2)? Please clarify it.
Watch my video kzread.info/dash/bejne/dXum1chqg7jZYLA.htmlsi=Lq2cXzLyAL7IqLZq . In case of any further clarification, please share your contact number on my email id [email protected]
Tds of minor how claim in revised itr
Same way as in the original return
Bankers falls in which nature of employment
Public sector banks in " Public sector" and private sector banks in " others"
Arrears family pensioner submitted 10E correctly successfully submitted by default the amount against u/s 89 relief was 14632/- but CPC consider against the 10 E partial amount was considered that is 10382/- whereas both AY 2022-23 & 2023-2024 was not taxable if you calculate seperately, as a super senior citizen Sir I request you kindly reply why CPC consider 89 relief partial.
If your claim is correct. Please file a rectification request to CPC.
I have already filed thrice Sir no change, considered partial amount of 10E, what to do next, Sir please advise further what to do.
Sir mai employer contribution add krna bhul gya ITR fil krte waqt ..but 800cd(2)ka deduction b lia hai ..plz help
You can file a revised return up to 31st December of the assessment year.
Can we record the stamp duty value we paid as an expense?
Not " Stamp duty value" - stamp duty paid
my wife ( house wife) opened scss account funded by me in fy 23-24. She never filed her itr in the past. What ever she earns meager interest from her saving account as interest is clubbed in my income and tax is paid by me . i am in the tax slab of 30 percent. interest earned from scss account attracts tds and for that your video clears the doubt. Thank you very much. now my queries are as to where interest income is to be shown in her itr1 which is clubbed in my income and secondly, where to show the amount funded for opening her scss in her itr 1 as exempt income reporting purpose. regards
Please share your contact number on my email id [email protected]. I will clarify your doubts.
Hello Sir, as you mentioned I have shown the fd interest in SPI schedule of my ITR, but it is not showing in my total computed income. What could be the reason?
You have to also include such income in the respective head of income. In case of any further clarifications share your contact number on my email id [email protected]
Dear Sir, My father had opened my ppf account in 2009(I was a minor at that time). I started filing my return from the year 2013 onwards, until now I have only disclosed contribution amount in PPF via Chapter VI-A deductions in my ITR, however, I have never disclosed accrued interest in my PPF account till date. I am yet to file the ITR for FY 2023-24, so should I disclose the accrued PPF amount till 31.03.2024 in AY 2024-25 or should I input it once the PPF account matures, as I have never disclosed my PPF accrued interest. Kindly guide.
Please share your contact number on my email id [email protected]. I will clarify.
Sir this is the best video in one go... thanks in anticipation
Dear Ankit, There are 3 videos covering 15 decisions. Refer to your other friends too. Thanks and Regards
तो क्या ईस केस में इन्कम टॅक्स के साथ tds भी देना होगा बिल्डर को
Dear Rane Ji, video में जो provision discuss किये गये हैं , वो प्रॉपर्टी खरीद करने वाले पर लागू होते हैं । यदि property की stamp ड्यूटी value, 50 लाख या उससे से ज्यादा हो तो खरीद करने वाले को tds भी करना होगा- सेक्शन 194 -IA में ।
Sar ek aadivasi hai uske koi bhi uttradhikari nahin hai uske koi bhi bacche nahin main uski seva kar raha hun aur vah seva se Khush hokar uski jameen mujhe Dan mein Dena chahti hai main OBC varg se aata Hun to mujhe Dan mein mil jayegi uski jameen
मेरा वीडियो देखें, आपको जवाब मिल जाएगा। kzread.info/dash/bejne/aGucxLujfcS7XZc.htmlsi=bheAIjSnIyJA7y1I
Sir, very clear explanations. Recently I withdrew NPS maturity corpus. Kindly tell me where to show the amount to claim exemption in online ITR-1. Will remain ever grateful. Thanks and regards
I will check and let you know
Very well explained sir
Thank you very much.
Awaaz dhire aa raha he
Thanks for watching. Inconvenience is regretted.
Sir, what proof is required to claim stamp duty and registration charges for a flat?
The amount is normally mentioned in registered sale deeds .