Nama_CA
Nama_CA
  • 22
  • 163 366
How to correct income tax challan details | Income tax payment challan correction online
#taxpayment #taxchallan #incometax #incometaxreturn #taxfiling #taxupdate #challancorrection #taxnotice #taxpenalties #tax #ITR
Mistakes on tax payments, no matter how small, can cause significant complications later. In this video, I’ll guide you through the easy steps to submit a Challan Correction Request on the Income Tax Portal. Whether it’s an incorrect assessment year or an error in the minor or major head, this tutorial will help you fix it and ensure your taxes are accurately managed. Don't let small errors turn into big headaches-watch now to learn how to correct them seamlessly!
ncome Tax Challan Correction
Challan Correction Online
How to Correct Challan on Income Tax Portal
Challan Correction Step by Step Guide
Income Tax Challan Mistakes
Challan Correction Process 2024
Correct Tax Payment Errors
Income Tax Portal Guide
Fix Challan Errors
Tax Filing Tips
Advance Tax Challan Issues
Income Tax Updates
Challan Correction Tutorial
ITR Filing Help
Indian Tax System Tips
Переглядів: 298

Відео

Response to Income Tax Outstanding Demand || Close Income tax Demand through E-Filing Portal
Переглядів 6 тис.5 місяців тому
#intimation #Demand #notice #incometaxnotices #demandnotice #143 response to oresponse to outstanding demand income tax how to pay outstanding demand in income tax outstanding demand income tax outstanding demand paid but not reflected response to outstanding demand income tax outstanding demand payment itr outstanding demand refund adjusted against outstanding demand Income tax payment - Deman...
ITR 1 Filing Online AY 2024-25 | How to File Income Tax Return for Salaried Person 2024 | FY 2023-24
Переглядів 1,1 тис.7 місяців тому
#incometaxreturn #incometaxseason #incometaxefiling #incometax #itr1 #taxsaving #incometaxreturnfiling2024 #itr #itrfileonline #itrfiling #itrfilling #itrforms #AY2024 #FY2023 #Nama_CA #Namaca #nammaca #CAnama #CANamrta Old Tax Regime v/s New Tax Regime: ua-cam.com/video/FGhxbyjISbg/v-deo.html This video will guide you "how to file ITR-1" with salary, house property and other source income like...
ESPP Explained | How to declare ESPP in Schedule FA | Capital Gain Tax on ESPP in India
Переглядів 11 тис.9 місяців тому
#ESPP #foreignincome #foreigninvestment #foreignassets #scheduleFA #itr #itrfiling #itrfilling #incometaxreturn #incometax #incometaxseason #capitalgain #capitalgaintax #foreigncompanyshares #itr2 #fy24 #itrfileonline For Tax filing services, please reach out to "agrawalnamrtaandassociates@gmail.com" This video explains, what is ESPP (Employee Stock Purchase Plan) and its tax treatment when rec...
Restricted Stock Units (RSUs) Explained | Taxation rules in India I Declare RSUs in Schedule FA
Переглядів 27 тис.9 місяців тому
#rsu #foreignincome #foreigninvestment #foreignassets #scheduleFA #itr #itrfiling #itrfilling #incometaxreturn #incometax #incometaxseason #capitalgain #capitalgaintax #foreigncompanyshares #itr2 #fy24 #itrfileonline #itrfileonline #taxation #taxationinindia #foreigntaxcredit For Tax filing services, please reach out to "agrawalnamrtaandassociates@gmail.com" RSU are additional compensation give...
Tax Harvesting | Pay ZERO Tax on Stock Market Profit | Save Tax on Capital Gain: Shares and MF
Переглядів 1 тис.10 місяців тому
We all do investment for gain but when we make Capital Gains, they are taxed! But, there are a less-known way to save those taxes, WITHOUT breaking your compounding. Let's understand how you can save 15% STCG tax and 10% LTCG tax on Shares and Mutual fund by Tax harvesting. Click here to subscribe to my UA-cam channel: ua-cam.com/channels/f30mbqmixaB6kusBmn4uBA.html #taxharvesting #capitalgaint...
MSME Payment within 45 Days Rule | Sec 43b(h) of Income Tax Act | New 45 Days Payment Rule of MSME
Переглядів 2,9 тис.11 місяців тому
#msme #section43b #section43bh #45days #45day #msmepayment #msmeregistration #incometax #msmesector #msmes #businessregulation #businessnews #newrule #msmenews #businessregulations Section 43B(h) of the Income Tax Act has a crucial amendment, aimed to ensure timely payments to Micro and Small Enterprises (MSEs). This amedment is effective from April 1, 2023 (FY 2023-24 & AY 2024-25). This secti...
Old Vs New Tax Regime for FY 2024 - 25 | Tax Saving Option | Tax Calulator | Reduce tax burden
Переглядів 1,1 тис.Рік тому
Old Vs New Tax Regime for FY 2024 - 25 | Tax Saving Option | Tax Calulator | Reduce tax burden
NPS | National Pension Scheme I Why we need to opt NPS I Return on NPS I Best retirement plan | Tax
Переглядів 864Рік тому
NPS | National Pension Scheme I Why we need to opt NPS I Return on NPS I Best retirement plan | Tax
ITR2 Filing with Foreign Assets & Capital Gain | How to fill Schedule FA -Foreign Assets declaration
Переглядів 68 тис.Рік тому
ITR2 Filing with Foreign Assets & Capital Gain | How to fill Schedule FA -Foreign Assets declaration
Form67 I Why and How to file Form 67 to Claim Foreign Tax Credit | DTAA | Reduce tax burden
Переглядів 35 тис.Рік тому
Form67 I Why and How to file Form 67 to Claim Foreign Tax Credit | DTAA | Reduce tax burden

КОМЕНТАРІ

  • @JaiJagannath587
    @JaiJagannath587 Годину тому

    Mam, 6 month phle demand pay kiya tha but response submit nehi kiya tha Abhi same demand intimation aaya Next step bataiye challan available hai

  • @jitendrakarmur9814
    @jitendrakarmur9814 4 дні тому

    Madam yah to pura Hindi mein batao yah to pura English mein😢

  • @GK-rl5du
    @GK-rl5du 4 дні тому

    Background : Due to lack of knowledge, I couldn't declare my foriegn assets (issued by company) in my ITR filing. I filed ITR-1 for FY 2023-24. After watching your videos, I understood the importance of Schedule FA, FSI and black money act. I tried to revise my FY 2023-24 return to declare my foreign assets, but I am unable to file ITR-U as there was no change in taxable income. I genuinely do not have any tax liability. As my company is issuing RSUs, the RSU income is declared "Perquisites" in Form-16 and the TDS is deducted by my employer already. The vested shares did not have any associated dividend income, and I did not sell any of those vested shares. So the net taxable income did not change. Summary : I want to do the right thing by declaring my foriegn assets but unable to submit ITR-U. How to address this?

  • @GK-rl5du
    @GK-rl5du 5 днів тому

    Thanks a lot Namrta madam, your videos are ITR-2 are extremely useful. I have some confusion regarding calender year vs financial year. 1. In form 16, Perquisite income will be computed based on shares vested on financial year (Apr 24 - Mar 25)? 2. When declaring foreign assets via schedule FA, we should consider shares vested on the calender year (Jan 24 - Dec 24)? 3. When declaring capital gains (or income from dividend) we should consider gains from sale of shares in the financial year (Apr 24 - Mar 25) ? Am I correct madam?

    • @Nama_CA
      @Nama_CA 5 днів тому

      Yes, you are correct for points 1 and 3. About FA, you need to declare all foreign assets that you have held or sold in the calendar year 2024 for filing of AY2025-26/FY2024-25

    • @GK-rl5du
      @GK-rl5du 5 днів тому

      @Nama_CA Thanks a lot for the quick reply. Now I get it, schedule FA will have details of all the foreign assets. For example if I have 20 shares of RSUs vested in 2023 and 30 shares of RSUs vested in 2024. In FY 2204-25's filing, I should report foreign assets for both 2023 and 2024 calendar year (basically all the holdings + any sale events)

  • @sssfggbhhh3887
    @sssfggbhhh3887 6 днів тому

    Demaand notice payment multiple time pay kar sakte hai kya

    • @Nama_CA
      @Nama_CA 5 днів тому

      Yes, but mentions all the challan while submitting the Response.

  • @sumanthmw20
    @sumanthmw20 7 днів тому

    Hi Madam. I don't have Form 1042-S. Can I attach a screenshot of the E-Trade account dividend withheld as attachment for proof? This is in regards to dividend income

    • @Nama_CA
      @Nama_CA 5 днів тому

      Better attache E-trade statements. You can add multiple files as a ZIP file.

  • @INDIANARMY33893
    @INDIANARMY33893 10 днів тому

    भाई, मैं एक छात्र हूँ और मेरे पास आय का कोई अन्य स्रोत नहीं है। मैंने US शेयर बाजार में 3000 टका का निवेश किया। मैंने 1 जनवरी 2025 को कुल पाँच शेयर खरीदे और 25 जनवरी 2025 को अपने 5 शेयर बेच दिए और उन 5 शेयरों से मेरा कुल लाभ $1.50 था। कृपया मुझे बताएं कि मुझे आयकर रिटर्न दाखिल करना है या नहीं।

    • @Nama_CA
      @Nama_CA 9 днів тому

      As per the rule, Yes because of Foreign Income and Foreign Assets

  • @jicksonjohn455
    @jicksonjohn455 12 днів тому

    My latest refund was automatically added to this outstanding demand , i have agreed to notice and added the deducted challans . But still it shows outstanding as 0 and final interest as same amount . And pay now is still active and pending amount as current status. Please help.

    • @Nama_CA
      @Nama_CA 11 днів тому

      @@jicksonjohn455 share your details over mail

  • @rjp4180
    @rjp4180 14 днів тому

    Hi madam, I did followed as you mentioned. Even form 67 as well. I am getting dividends from US stocks. I did filed during filing time. Specifically followed 18:46 .i did form 67 as well. But now got Demand notice stating, 143(1), Annexure from Income from other sources. Point f, Got as whether TRC obtained yes or no. I filed with blank And as computed it is shown as N (NO). Because of this, getting No DTAA benefits. Hence demand notice got. Pls reply when time permits. Thanks madam.

    • @raldo2259
      @raldo2259 13 днів тому

      Are you sure that you got the tax notice because of leaving that TRC column blank. Did you update Schedue SI > row #40 >last column with 30% of dividend tax (as per pinned comment on top)?

    • @rjp4180
      @rjp4180 13 днів тому

      ​@@raldo2259 yes i did as mentioned in video. It is 38th point not 40.

    • @Nama_CA
      @Nama_CA 11 днів тому

      @@rjp4180 share your details in over mail.

  • @MrKamaljitsingh3456
    @MrKamaljitsingh3456 18 днів тому

    Thx mam mujey outstanding demand Mai serial no ka doubt tha aap ne clear kar dia ❤

  • @rivubhattacharya
    @rivubhattacharya 18 днів тому

    For me, DTAA amount was not considered. I had filed form 67 and the filled DTAA details match with 143(1) computed details as well. Technically I paid the DTAA related tax twice :( My tax demand was entirely for the DTAA amount. I paid it off as the amount was low. But need a solution about it in the future.

  • @user-rl9dc5md7y
    @user-rl9dc5md7y 19 днів тому

    Hi, at 18:54 where "Relevant article of DTAA" is being filled in, whether the value should be 90/90A or 10 (as you have filled in)?

    • @Nama_CA
      @Nama_CA 18 днів тому

      For US, article 10 is for dividend income which you need to fill in. 90/90A are the section for claiming rebate not the article.

  • @AnyaAgarwal-g8l
    @AnyaAgarwal-g8l 19 днів тому

    Mam, for the withholding tax of 32 shares, why are we not claiming tax relief ?

    • @Nama_CA
      @Nama_CA 19 днів тому

      The withholding tax is paid to the Indian Income Tax Department, not to the US, so there is no double taxation. The value of the 32 shares is added to your perquisites in form16 and the withholding tax amount is added to your TDS by your organization

    • @AnyaAgarwal-g8l
      @AnyaAgarwal-g8l 19 днів тому

      @ Thankyou mam for clarifying

  • @amitpuri7044
    @amitpuri7044 20 днів тому

    Hi Maam do we have to pay penalty under section 234B and 234C if we claim foreign tax credit and there is net tax liability for income earned from abroad.

    • @Nama_CA
      @Nama_CA 20 днів тому

      Yes, you have to if there is tax liability after taking the tax credit.

  • @vasundhara65
    @vasundhara65 20 днів тому

    Mam DTAA amount not considered in itr 143(1) what to do

    • @Nama_CA
      @Nama_CA 20 днів тому

      Have you filed form 67?

    • @rivubhattacharya
      @rivubhattacharya 18 днів тому

      Same happened with me. I had filed form 67 and the filled DTAA details match with 143(1) computed details as well. Technically I paid the DTAA related tax twice :( I paid it off as the amount was low. But not sure about future.

  • @98191275
    @98191275 22 дні тому

    Pls provide excel

  • @boosamadhusudhan3387
    @boosamadhusudhan3387 26 днів тому

    Good morning madam, I am facing the following issue, invalid input max length allowed is 60, kindly respond on the issue

    • @Nama_CA
      @Nama_CA 26 днів тому

      Reduce the length of the text.

  • @tusharphadnis7944
    @tusharphadnis7944 27 днів тому

    One of the best videos on how to fill Form 67. Very well explianed.

  • @tusharphadnis7944
    @tusharphadnis7944 27 днів тому

    One of the best videos on the topic of filling up ITR-2 for foreign stock dividend.

  • @jagadeeshbachu9068
    @jagadeeshbachu9068 Місяць тому

    Hi Mam, I filed the it return along with form 67 for foreign Dividend credit on 28.07.2024 ,but return is still not processed . is there any problem in return mam? Can i file revised return without considering foregin dividend income because it is small amount? else can i wait till return wil process?. Pls advise Thank you mam

  • @sandeepkamble9922
    @sandeepkamble9922 Місяць тому

    After pressing save button after uploading challan i didn't press submit button.. then also now it not showing any response to demand How ?

    • @Nama_CA
      @Nama_CA Місяць тому

      Some time because of technical glitch it happen. Now you have to do it again.

    • @sandeepkamble9922
      @sandeepkamble9922 Місяць тому

      @Nama_CA time line me process with demand ke bad ab adjusted demand with tax paid aisa dikh rha he And pending response me dikh rha he ki no pending Demand

  • @GayatriJ-f2h
    @GayatriJ-f2h Місяць тому

    Hi Mam, filled return without considering Foreign dividend income. Can I file form 67 before filing revised return and then file revised return?

    • @Nama_CA
      @Nama_CA Місяць тому

      Yes you can.

  • @pradip2072
    @pradip2072 Місяць тому

    Hi @Nama_CA, thanks for this informative, i am searching this type of ITR-2 filing video since long time.

  • @ashokembd
    @ashokembd Місяць тому

    Very informative video.

  • @hemanthk2672
    @hemanthk2672 Місяць тому

    What if i sold my shares with less price than the price at the vested time? Do I have to pay tax? My company is not public and listed in u.s market

    • @Nama_CA
      @Nama_CA Місяць тому

      It is loss for you. Check out my video on RSU to report the loss.

  • @sumanthnandikotkur7842
    @sumanthnandikotkur7842 Місяць тому

    Hi @Nama_CA I have received shares from company X, now I am not in India and non-resident since 2 years, should I still declare these FA for FY2024-25?

  • @sanjoymisra5309
    @sanjoymisra5309 Місяць тому

    Is Bitcoin considered as Foreign Asset bought through CoinSwitch?

    • @shashrath
      @shashrath Місяць тому

      It'll come under VA.

  • @saikiranmadarapu7579
    @saikiranmadarapu7579 Місяць тому

    hi mam where can i get 2018 TT buying rates plzz reply mam

  • @jyothirmainaraharisetti680
    @jyothirmainaraharisetti680 Місяць тому

    Hello mam video was very informative im very greatful but i have a doubt please i have sold foreign shares which are my perks given by my company which is US based which are short term where should i disclose this income?

  • @hajadivraniya3069
    @hajadivraniya3069 Місяць тому

    If chalan correction time expire then what to do

    • @Nama_CA
      @Nama_CA Місяць тому

      Contact to your AO and submit offline request

  • @ajaya3655
    @ajaya3655 Місяць тому

    Thanks so much. Can i reach out to you for professonal guidance. Can we speak please.

  • @pradiptabehera4347
    @pradiptabehera4347 Місяць тому

    Thank you so much mam.Very good presentation. Most heplful video.

  • @AJBANKINGSOLUTONS
    @AJBANKINGSOLUTONS Місяць тому

    great video mam txs, my company (NL based) has issued few shares @ free of cost as performance bonus, i got dividend as foreign income, should this also be considered as dividend inc from foreign shares and company all process as mentioned by you. Pls advice

    • @Nama_CA
      @Nama_CA Місяць тому

      Yes, dividends need to be considered in this way if you want to claim credit of tax withheld in a foreign country.

  • @casrinivasrao
    @casrinivasrao Місяць тому

    Thanks a lot for your efforts in explaining everything in so much detail. Extremely helpful

  • @narendrashah3542
    @narendrashah3542 Місяць тому

    how and what amount to show in In table A4, the cash value or surrender value of the insurance contract or annuity contract as at the end of calendar year ending as on 31st December and total gross amount paid or credited with respect to the contract is required to be disclosed after converting the same into Indian currency if policy is held in us dollars in singapore ins co

  • @jonu.1504
    @jonu.1504 Місяць тому

    In schedule FA: if I have 100+ entries then I have to fill all entries manually?

    • @Nama_CA
      @Nama_CA Місяць тому

      Yes, if you have 100+ entries, all of them need to be filled manually. Unfortunately, the system currently doesn’t support excel uploads in Schedule FA.

  • @AgileAccountants
    @AgileAccountants Місяць тому

    Thanks Nama fort the video. If the shares are not vested yet, we need not show anything right? we show it zero. Disclosure is only required in ITR for the vested Shares correct?

    • @Nama_CA
      @Nama_CA Місяць тому

      Yes, you are right. Only vested shares need to be disclosed in ITR.

    • @AgileAccountants
      @AgileAccountants Місяць тому

      Thanks Nama !! Very helpful!!

    • @AgileAccountants
      @AgileAccountants Місяць тому

      Sorry, Couple of more follow up question .. in Schedule of Foreign Assets (A3) - in case of vested shares (but not sold), the value of Initial investment should be zero or the same value which has been offered for tax as perquisite under section 17 and amount credited which is related to dividend - should be total dividend for all shares (Granted + vested) offered for Tax or ONLY related to Vested Shares?

  • @AnyaAgarwal-g8l
    @AnyaAgarwal-g8l Місяць тому

    Excellent explanation, Thankyou

  • @rajkamalr5370
    @rajkamalr5370 Місяць тому

    Hello Mam.. Have sent you an email , please check and reply

  • @hemakshisachdev2280
    @hemakshisachdev2280 Місяць тому

    Hi madam, I initially I got stocks for company X but the company got acquired by new company Y and our shares got converted from X -> Y then for which company shares we need to declare? All this happened in the same calendar year.

    • @Nama_CA
      @Nama_CA Місяць тому

      Declare Y Company Share

  • @narendrashah3542
    @narendrashah3542 Місяць тому

    if invested in insurance policy in singapore and income is not earned but investment is to be reported then how to show investment in itr 3

  • @sonaleep5349
    @sonaleep5349 Місяць тому

    Thanks madam, good explanation. One doubt - if shares sold in Jan. 2024 ,how should it be represented in sch FA as it is based as on Dec 2023?

    • @Nama_CA
      @Nama_CA Місяць тому

      You will need to report the capital gain and also disclose it in Schedule FSI. However, Schedule FA will not be impacted for AY 2024-25, as the sale occurred in January 2024.

    • @sonaleep5349
      @sonaleep5349 Місяць тому

      @Nama_CA thank you for your valuable input !

  • @ramprasadram6073
    @ramprasadram6073 Місяць тому

    Hi Madam, Many people are saying to use flat 30% slab for calculating tax under the provision of india but you have mentioned average, i am confused which one to consider, do we have any reference here

    • @pinakbrahmi
      @pinakbrahmi Місяць тому

      I am also skeptical about this, seen other articles/videos and they are using slab rate(30%), nowhere it's mentioned to find average.

    • @Nama_CA
      @Nama_CA Місяць тому

      Average Tax rate

  • @ramprasadram6073
    @ramprasadram6073 2 місяці тому

    Hello Madam, I have multiple stocks vested from year 2018 to 2024 and i am holding ESPP shares as well, I haven't sold any shares in current year and only got dividend income, Do i need show all the stocks which i am holding right now in ITR or just adding dividend income is fine?

    • @Nama_CA
      @Nama_CA 2 місяці тому

      You have to show all the stock that you are holding in Schedule FA and dividend in Schedule FSI.

    • @ramprasadram6073
      @ramprasadram6073 2 місяці тому

      @ Thanks for the quick reply madam, i missed to file previous year ITR for the same, will it a issue since i am showing all stocks now

  • @PhysicsByNavanit
    @PhysicsByNavanit 2 місяці тому

    Hello Madam, in case I have multiple entries of same company with different purchase date, different purchase values, buying rate etc. Then can we club all the entries of the company in foreign assets in IT return. If yes, then which date of purchase is to be used in clubbed details as different entries had different purchase date. Thanks

    • @Nama_CA
      @Nama_CA 2 місяці тому

      You will have to do separate entry for each purchase with different date or different purchase value

  • @007jharahul
    @007jharahul 2 місяці тому

    Your video proved to be very helpful. It would be further helpful if you could cover for the capital gains/loss occurring due to the sell to cover ( different dates in release and settlement of RSU) scenario and adjusting/adding it to the capital gains

  • @rattagoyal6671
    @rattagoyal6671 2 місяці тому

    Hello Mam, If any person who is resident in India, received salary from foreign employer directly in Indian bank account and no tax is deducted in foreign country, the assessee is working from home based in India and have no Foreign Assets to declare, in. Such scenario which ITR form is required to be filed I will be thankful if you can reply me please

    • @Nama_CA
      @Nama_CA 2 місяці тому

      @@rattagoyal6671 ITR2 and need to declare salary in schedule FSI.

  • @Sharvikajewellery
    @Sharvikajewellery 2 місяці тому

    Cin number showing incorrect why? If i selected AY the no unconsumed challan available like this showing why

  • @sanjoymisra5309
    @sanjoymisra5309 2 місяці тому

    Madam hum Ind Money se US listed share buy kiya hai and Crypto through Coin switch. Both platform are Indian and my PAN is updated there. Is it considered as foreign assset?

    • @Nama_CA
      @Nama_CA 2 місяці тому

      Investments made through IND Money in the US market considerd as a foreign assets and must be declared in Schedule FA.

  • @Itsmylife1311
    @Itsmylife1311 2 місяці тому

    Thanks for the information 👍

    • @Nama_CA
      @Nama_CA 2 місяці тому

      Glad you found it helpful!