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Nama_CA
India
Приєднався 14 лип 2023
Nama_CA channel founded in 2023 by CA Namrta Agrawal (holding degree of CS also) and Team. This channel provides updates about Personal Finance, Income tax, GST etc. Our mission is to spread Tax and financial education by provide content with detailed calculation and real-life examples. Our Tax laws are subject to frequent changes & they affects everyone. Through social media platforms, we aim to provide in depth knowledge of those changes.
I provide all kind of professional services like ITR | Company Registration | GST Registration | GST Return Filing | Taxation | CA Consultation etc.
My contact detail is agrawalnamrtaandassociates@gmail.com
Disclaimer: Please note that our videos are strictly for educational purposes. We will not be held responsible for any decisions made by viewers based on the content provided.
I provide all kind of professional services like ITR | Company Registration | GST Registration | GST Return Filing | Taxation | CA Consultation etc.
My contact detail is agrawalnamrtaandassociates@gmail.com
Disclaimer: Please note that our videos are strictly for educational purposes. We will not be held responsible for any decisions made by viewers based on the content provided.
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
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
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
Madam yah to pura Hindi mein batao yah to pura English mein😢
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?
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?
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
@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)
Demaand notice payment multiple time pay kar sakte hai kya
Yes, but mentions all the challan while submitting the Response.
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
Better attache E-trade statements. You can add multiple files as a ZIP file.
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।
As per the rule, Yes because of Foreign Income and Foreign Assets
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.
@@jicksonjohn455 share your details over mail
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.
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)?
@@raldo2259 yes i did as mentioned in video. It is 38th point not 40.
@@rjp4180 share your details in over mail.
Thx mam mujey outstanding demand Mai serial no ka doubt tha aap ne clear kar dia ❤
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.
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)?
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.
Mam, for the withholding tax of 32 shares, why are we not claiming tax relief ?
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
@ Thankyou mam for clarifying
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.
Yes, you have to if there is tax liability after taking the tax credit.
Mam DTAA amount not considered in itr 143(1) what to do
Have you filed form 67?
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.
Pls provide excel
Good morning madam, I am facing the following issue, invalid input max length allowed is 60, kindly respond on the issue
Reduce the length of the text.
One of the best videos on how to fill Form 67. Very well explianed.
One of the best videos on the topic of filling up ITR-2 for foreign stock dividend.
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
@@jagadeeshbachu9068 you should wait.
@@Nama_CA Thank you Mam
After pressing save button after uploading challan i didn't press submit button.. then also now it not showing any response to demand How ?
Some time because of technical glitch it happen. Now you have to do it again.
@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
Hi Mam, filled return without considering Foreign dividend income. Can I file form 67 before filing revised return and then file revised return?
Yes you can.
Hi @Nama_CA, thanks for this informative, i am searching this type of ITR-2 filing video since long time.
Very informative video.
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
It is loss for you. Check out my video on RSU to report the loss.
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?
Is Bitcoin considered as Foreign Asset bought through CoinSwitch?
It'll come under VA.
hi mam where can i get 2018 TT buying rates plzz reply mam
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?
Can i show it in schedule capital gains along with capital gains from india?
How can i show these sold shares along with holding shares in schedule FA
If chalan correction time expire then what to do
Contact to your AO and submit offline request
Thanks so much. Can i reach out to you for professonal guidance. Can we speak please.
Thank you so much mam.Very good presentation. Most heplful video.
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
Yes, dividends need to be considered in this way if you want to claim credit of tax withheld in a foreign country.
Thanks a lot for your efforts in explaining everything in so much detail. Extremely helpful
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
In schedule FA: if I have 100+ entries then I have to fill all entries manually?
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.
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?
Yes, you are right. Only vested shares need to be disclosed in ITR.
Thanks Nama !! Very helpful!!
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?
Excellent explanation, Thankyou
Hello Mam.. Have sent you an email , please check and reply
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.
Declare Y Company Share
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
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?
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.
@Nama_CA thank you for your valuable input !
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
I am also skeptical about this, seen other articles/videos and they are using slab rate(30%), nowhere it's mentioned to find average.
Average Tax rate
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?
You have to show all the stock that you are holding in Schedule FA and dividend in Schedule FSI.
@ 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
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
You will have to do separate entry for each purchase with different date or different purchase value
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
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
@@rattagoyal6671 ITR2 and need to declare salary in schedule FSI.
Cin number showing incorrect why? If i selected AY the no unconsumed challan available like this showing why
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?
Investments made through IND Money in the US market considerd as a foreign assets and must be declared in Schedule FA.
Thanks for the information 👍
Glad you found it helpful!