Tds under section 194J is applicable on prior period expense? For example proffessional fee for financial year 2018-19 is not accounted in books Fy 2018-19,but accounted in the books FY 2019-20 then 40(a)(ia) dissallowance is applicable on such prior period expense? If dissallowed we can claim such dissallowed amount in the year of payment?
Zerodha is not reporting my short term losses even after selling all holding of a company at above 1 lakh loss. Another stock similar situation for above 33k loss. It has been escalated to developers for more than 16 days. Anybody faced any simular problem. Tax season is just 2 months away. Do we have any other options to get the report from cdsl?
Sir njan Military service cheyyunna aalanu njan pattalakkar income tax oru padu importants kodukkarilla so sir paranja PPF, PLI , etc karyangal income tax file cheyyumnol cheythu veykkanam alle engameyanu onnu parayamo
An individual who submits 15 G /15H at the start of the FY( based on the estimated income ) is found to be liable to pay I.T at the close of the FY and duly pays it . This is as a result of the estimated income calculation going wrong initially. Will he be at fault and is he likely to be visited with penal consequences for the irregular/ illegal submission of 15 G/ 15H ?
Not a severe issue; since this may happen in practical life. Anyhow the person is filing return with true and correct income details subsequently. Hence in my opinion, there will not be any call back from IT dept.
Sir, i am a college student. I have pan card. Do i need to file ITR? Does money transactions done between bank accounts of family members have a role in the need for filing ITR? I mean, is there any transaction limit upon which, if limit exceeds the person has to file ITR.
No money transactions limit. Income tax is for your income; not for transactions. If your income exceeds 2.50 lakhs in a year, you have to file returns.
Sir my mother works in an office as a manager the owner is in another district so he sends the money to my mother's bank account to pay all the staffs, it exceeds more than 2.5 lakhs so is she liable to file an itr ( in the june month I have started a trading account with a 8k capital in the name of her in stock market I have not gained any money from that what about that)
She is not liable to file return on funda routed through her account. Ask the employer to transfer salary to thier employees bank account instead of routing through your mother's account.
What i understand is that if your annual income (gross income) before deduction exceeds Rs. 2.5 lakhs, you are liable ti file return. But you said after deduction. Pl. Clarify
My son is in US. He is giving me 10000 rupees every month through his NRO account. My total income from pension and FD interest is about 3.5 lakhs. Should i show the amount received from my in total income?
If you want quality of work, avail the service of Professionals. Don't know how these fellows are filing ITR by getting a fee of Rs.300, and what they are filing.
Sir ഞാൻ ഒരു govt employee ഏകദേശം 50000 ടാക്സ് അടക്കുന്നു എനിക്ക് 1.5 laks nte ഇലക്ട്രിക് bike വാങ്ങുമ്പോൾ എനിക്ക് ഗവൺമെൻ്റ് ഇലക്ട്രിക് vehicles ന് കൊടുക്കുന്ന സബ്സിഡി കഴിഞ്ഞു income tax payers നു additional സബ്സിഡി ഉണ്ടോ
@@rejithaarun8886 40,000 മുകളിൽ പലിശ വന്നാൽ മാത്രം TDS കൊടുത്താൽ മതി 👈 കൂടാതെ വാർഷിക വരുമാനം 2.5 ലക്ഷം രൂപയിൽ കുറവ് ആണെങ്കിൽ tds കൊടുക്കേണ്ട ആവശ്യം ഇല്ല 👈 From 15 G ഫിൽ ചെയ്യ്തു ബാങ്കിൽ കൊടുത്താൽ അവർ TDS പിടിക്കില്ല.
Hi sir, i work in a private firm. Upto may 2021 my month sal was 19 k and got hike from june to 25k. So angne aanenkil njn e year il itr file cheyyano..ithuvare itr file cheythatilla. if yes, itr 4 aano file cheyyendathu..please let me know the details around it
Hi sir, Eeyide home loan edukan poyapo aanu,2019-20 il job cheytirunadath kitiya salary ku income tax return cheytho enn chodichath..ath engana ini cheyunathenn paranju teramo.
Dear Sir, I will be receiving 42 lakhs from the govt as part of land acquisition for the enlargement of highway road in Kannur. I am an NRI and will be receiving the amount in my NRO A/C by tomorrow or at most day after in full. Kindly tell me if I have to pay income tax on the amount that I will receive from the Govt. from the land acquisition. Awaiting your reply. Warm Regards, Arjun.
@@MyCAsubinvr Just checked the computation sheet, in the income tax column it was written 0% and no TDS also deducted. I received the full amount into my account as in the sheet. This acquisition was part of land acquisition for broadening the NH. If no TDS or tax was deducted kindly tell me if I'm obliged to pay any type of tax or whatsover as this comes under land acquisition act and I'm told that I'm not obliged to pay any tax on this. Awaiting your reply.
Hello i have yearly 3.5 lakhs total income I thought that I don’t need to file itr because file itr only if total yearly income exceeds 5lakhs .. what are the consequences that i will faced if I’m not file itr ?
@@MyCAsubinvr Hello, I have a doubt regarding the income tax calculation. Do we consider the Company contribution to PF as employee income source? And will it be added in Gross salary? For eg, if employee gross salary is 5 lakhs and company contribution to PF is 30000 , will the total gross salary be 5,30,000
Employer's contribution to the extent of 12% of salary is exempted for the purpose of income tax; hence not considered. Of more than 12% it will form part of your salary.
സർ ഞാൻ കമ്മീഷൻ പ്രവർത്തിക്കുന്ന വ്യക്തി യാണ്.18/19. 19-2020 TDS പിടിച്ചിട്ടുണ്ട്. ഇതു വരെ റിട്ടേൺ ഫയൽ ചെയ്തിട്ടില്ല ഇനി അതു RETURN FILE ചെയ്യാൻ പറ്റുമോ
Namukku randu veedukal undenkil athu income tax adakkendathinte paridhiyil varumo
Ente husband nu 900 anu daily wage... Appol itr file cheyyanamoo... Ippol purathek pokan nokkuvanuuu...... Itr vechnu chila country l povn pattullu... Itr file cheyyn pato
Tds under section 194J is applicable on prior period expense? For example proffessional fee for financial year 2018-19 is not accounted in books Fy 2018-19,but accounted in the books FY 2019-20 then 40(a)(ia) dissallowance is applicable on such prior period expense? If dissallowed we can claim such dissallowed amount in the year of payment?
Our partnership ship firm started on oct -19.turn over 38lakh during 19-20.is it mandatory for it return sir
For partnership firm return filing is mandatory. You have to file FY 19-20 return.
സാർ സർക്കാർ സർവീസിലെ Last Grade ജീവനക്കാർക്ക് മക്കളുടെ വിവാഹത്തിന് ലഭിക്കുന്ന തുകയുടെ repayment ആദായ നികുതിയുടെ statement ൽ കാണിക്കാമോ?
no
Sir make a interesting and informative video regarding money laundering and money conversion (Black to white)
Under preparation. Releasing on Demonetisation anniversary.
If a partnership firm having loss in a financial year... But not filed ITR... what will be the consequences...?
Not able to carry forward loss. And firms are mandatorly required to file returns. May attract penalty
@@MyCAsubinvr Ok
Zerodha is not reporting my short term losses even after selling all holding of a company at above 1 lakh loss. Another stock similar situation for above 33k loss. It has been escalated to developers for more than 16 days. Anybody faced any simular problem. Tax season is just 2 months away.
Do we have any other options to get the report from cdsl?
Nice video, perfect explanation
Sir njan Military service cheyyunna aalanu njan pattalakkar income tax oru padu importants kodukkarilla so sir paranja PPF, PLI , etc karyangal income tax file cheyyumnol cheythu veykkanam alle engameyanu onnu parayamo
An individual who submits 15 G /15H at the start of the FY( based on the estimated income ) is found to be liable to pay I.T at the close of the FY and duly pays it . This is as a result of the estimated income calculation going wrong initially. Will he be at fault and is he likely to be visited with penal consequences for the irregular/ illegal submission of 15 G/ 15H ?
Not a severe issue; since this may happen in practical life. Anyhow the person is filing return with true and correct income details subsequently. Hence in my opinion, there will not be any call back from IT dept.
Ok Thank you !
Sir, i am a college student. I have pan card. Do i need to file ITR? Does money transactions done between bank accounts of family members have a role in the need for filing ITR? I mean, is there any transaction limit upon which, if limit exceeds the person has to file ITR.
No money transactions limit. Income tax is for your income; not for transactions. If your income exceeds 2.50 lakhs in a year, you have to file returns.
@@MyCAsubinvr Thank you sir for your reply
Njn new tax regime choose cheithu. But old one was better. Can I move it to old one.
If you are an employee you can switch over anytime.
Sir my mother works in an office as a manager the owner is in another district so he sends the money to my mother's bank account to pay all the staffs, it exceeds more than 2.5 lakhs so is she liable to file an itr ( in the june month I have started a trading account with a 8k capital in the name of her in stock market I have not gained any money from that what about that)
She is not liable to file return on funda routed through her account. Ask the employer to transfer salary to thier employees bank account instead of routing through your mother's account.
Ok sir, thank you for the reply 🙏😇
Sir what about the stock market no gain
വളരെയധികം ആളുകൾക്ക് ഉപകാരപ്രദമായ വീഡിയോ.👍👍👍. ഡിവിഡൻറ് വരുമാനം കൂട്ടേണ്ടതുണ്ടോ? ഉണ്ടെങ്കിൽ എവിടെ? സ്ത്രീകളുടെ വരുമാനത്തിന്റെ ടാക്സ് ലിമിറ്റ് എത്റ.?
From FY 2020-21 dividend is taxable in the hand of receipent. No seperate limit for ladies.
Salaried alla but short term and long term capital gain undenkil return file cheyyano?
Online jobs il ninnulla varumanam source aayeettu kaanikkan pattumo sir.. Athil legal issues vallathum indo
No illegal issue. You can show it as a source. You have to file ITR 3. If any doubts, you can call me.
@@MyCAsubinvr ok Sir. Thank you. Can you please provide your mob no, in case if I am having any doubts
9995645879
Sir I got retired on 31 st March 2021.If I do fd from my retirement benefit that fd intt is liable for tax?
Liable to tax if your total income exceeds 2.50 lakhs per annum
ബാങ്ക് അക്കൗണ്ടിൽ (7. Lakhs)ട്രാൻസ്ഫർ ചെയ്തു ക്രെഡിറ്റ് എമൗണ്ട് ഉണ്ടാകിൽ പ്രശ്നം ഉണ്ടോ
ഇല്ല
I am doing income tax filing first, after login there is no bank account details why, please reply me
If it is first time, there will not be bank account details. You can enter your details in the online form.
What i understand is that if your annual income (gross income) before deduction exceeds Rs. 2.5 lakhs, you are liable ti file return. But you said after deduction. Pl. Clarify
It is after deduction. Word mentioned in the Act is "Taxable Income" not " Gross Total Income"
Home appliances and necessary items vangicha bills tax return nu submit cheyyan okkumo ( like laptop bill, vehicle bill, electronic items etc)
Business/profession related anenkil claim cheyyam. For assests, depreciation benefits shall claim.
My son is in US. He is giving me 10000 rupees every month through his NRO account. My total income from pension and FD interest is about 3.5 lakhs. Should i show the amount received from my in total income?
Not necessary. Amount received from son is not a taxable income.
Evide chila campukali kurach payyanmar Tax file cheyyunnu ennum paranju erippund avar Tax file cheyyunnathinu 300,400rupa vare vangarund ethinepatti sir onnu paranju tharanam , I mean tax file cheyyan areyenkkilum kand cheythamathiyo atho Mallory CA kandu income tax file cheyyunnathano nallath
If you want quality of work, avail the service of Professionals. Don't know how these fellows are filing ITR by getting a fee of Rs.300, and what they are filing.
Sir ഞാൻ ഒരു govt employee ഏകദേശം 50000 ടാക്സ് അടക്കുന്നു എനിക്ക് 1.5 laks nte ഇലക്ട്രിക് bike വാങ്ങുമ്പോൾ എനിക്ക് ഗവൺമെൻ്റ് ഇലക്ട്രിക് vehicles ന് കൊടുക്കുന്ന സബ്സിഡി കഴിഞ്ഞു income tax payers നു additional സബ്സിഡി ഉണ്ടോ
Pravasikal bankilek iduna amountin tax adaknumo
Venda
I heard that senior citizens above 75 need not to file income tax return.Is it true ?please advise.
There is an option for that. But 99% would be ineligible for opting that.
sir forex trade cheythu kittuna profit engane ane ITR il kanikendathe
As business income. Since it is derivative transactions.
Sir ente peril 2 bankukalilayi oru 16 lakhs fixed deposit kidappund.njan file itr cheyyano
Bank deducting TDS ?
@@MyCAsubinvr yes
Then file return. That is good.
@@rejithaarun8886 40,000 മുകളിൽ പലിശ വന്നാൽ മാത്രം TDS കൊടുത്താൽ മതി 👈 കൂടാതെ വാർഷിക വരുമാനം 2.5 ലക്ഷം രൂപയിൽ കുറവ് ആണെങ്കിൽ tds കൊടുക്കേണ്ട ആവശ്യം ഇല്ല 👈 From 15 G ഫിൽ ചെയ്യ്തു ബാങ്കിൽ കൊടുത്താൽ അവർ TDS പിടിക്കില്ല.
Good message
Hi sir, i work in a private firm. Upto may 2021 my month sal was 19 k and got hike from june to 25k. So angne aanenkil njn e year il itr file cheyyano..ithuvare itr file cheythatilla. if yes, itr 4 aano file cheyyendathu..please let me know the details around it
Yes. ITR 1
June income tax return e-filing vazhi register cheythu a month thanne e verification nadannu pekshe ethuvare return kittiyattilla. TDs return issue cheythu thudangiyo?
FY 19-20 refund ithu vare koduthu thudangiyittilla.
@@MyCAsubinvr 2019 el Anu transaction nadannathu TDs file cheythathu june el anu
You mean return filed in June 2020 ?
@@MyCAsubinvr yes
Hi sir,
Eeyide home loan edukan poyapo aanu,2019-20 il job cheytirunadath kitiya salary ku income tax return cheytho enn chodichath..ath engana ini cheyunathenn paranju teramo.
You can file 2020-21 return now. Not possible to file 2019-20.
@@MyCAsubinvr hmm okk.. thanks for replying
വരവ് ചിലവ് കഴിച്ച് ആണോ 2.5 ലക്ഷം കണക്കാക്കുന്നത്
Yes
Sir 16rs fd undenkil itr file cheyyano
16 lakhs ?
@@MyCAsubinvr sorry sir 16 lakhs
Oraludey Family pension income tax return il varumo
yes
Thanks
Dear Sir, I will be receiving 42 lakhs from the govt as part of land acquisition for the enlargement of highway road in Kannur. I am an NRI and will be receiving the amount in my NRO A/C by tomorrow or at most day after in full. Kindly tell me if I have to pay income tax on the amount that I will receive from the Govt. from the land acquisition. Awaiting your reply. Warm Regards, Arjun.
Govt would already deduct TDS on transfer to your account. You can file IT return and adjust the tax liability towards TDS.
@@MyCAsubinvr Hello Sir, Thank you for your reply, but I already received the amount in full without any TDS deduction - 42 lakhs in full. Thanks
You can recheck with the computation sheet they had provided. There would be surely TDS. If you have income tax login, you can also check there.
@@MyCAsubinvr Just checked the computation sheet, in the income tax column it was written 0% and no TDS also deducted. I received the full amount into my account as in the sheet. This acquisition was part of land acquisition for broadening the NH. If no TDS or tax was deducted kindly tell me if I'm obliged to pay any type of tax or whatsover as this comes under land acquisition act and I'm told that I'm not obliged to pay any tax on this.
Awaiting your reply.
2020-21 varshathe ITR ipol return cheyann pattumo
Financial year 2020-21 can be filed only after March 31, 2021
Pf NRA എടുത്താൽ exampted income അയി return file ചെയ്യുമ്പോൾ കനിക്കണമോ
Yes
2020-21 financial yearile return submit cheyyanda date ennanu
Last due date as of now is Sept 30
നാളിതുവരെ റിട്ടേൺ ഫയൽ ചെയ്തിട്ടില്ലാത്ത വർക്ക് ഈ വർഷം 10e ഫോം🤣🤣 ചെയ്യുന്നതിനു കൊണ്ട് പ്രയോജനം ഉണ്ടോ
benefit undekil file cheyyam
Sir, njan veedu Paniyude aavashyathinu ente wifeinte bank account ilek oru 5 lakh ayachitund .wife inu vere income onnum illa,Joli illa..
Angane aanenkil wife inte account il yearly 2.5 lakhinu mukhalil amount vannu ennath kond wife tax adakanda aavashyam undo
Illa. Ningal ayacha paisa wife nte varumanam aayi kanakkakkilaa
My total income 4,00,000 lakh. Senior citizen. Income tax filing is must or not..?
Since your income is above 3 lakhs, return filing is mandatory. Tax is not payable.
ഒരു പ്രാവശ്യം income tax ഫയൽ ചെയ്താൽ പിന്നീടുള്ള വർഷങ്ങളിൽ വരുമാനം കുറവാണെങ്കിലും നിർബന്ധമായും return ഫയൽ ചെയ്യേണ്ടതുണ്ടോ?
Illa
Hello i have yearly 3.5 lakhs total income I thought that I don’t need to file itr because file itr only if total yearly income exceeds 5lakhs .. what are the consequences that i will faced if I’m not file itr ?
☝️👍👍👌🤝🤝
Will you do tax audit and itr filing for share f&oa loss and who have salary/
Pension income .If so give your contact no
You can contact me at 9995645879
@@MyCAsubinvr Hello,
I have a doubt regarding the income tax calculation. Do we consider the Company contribution to PF as employee income source? And will it be added in Gross salary?
For eg, if employee gross salary is 5 lakhs and company contribution to PF is 30000 , will the total gross salary be 5,30,000
Employer's contribution to the extent of 12% of salary is exempted for the purpose of income tax; hence not considered. Of more than 12% it will form part of your salary.
സർ
ഞാൻ കമ്മീഷൻ പ്രവർത്തിക്കുന്ന വ്യക്തി യാണ്.18/19. 19-2020 TDS പിടിച്ചിട്ടുണ്ട്. ഇതു വരെ റിട്ടേൺ ഫയൽ ചെയ്തിട്ടില്ല ഇനി അതു RETURN FILE ചെയ്യാൻ പറ്റുമോ
ഇപ്പോൽ 2020-21 return മാത്രമെ ഫയൽ ചെയ്യാൻ കഴിയൂ. അത് സമയത്ത് ചെയ്താൽ TDS refund ഉണ്ടെങ്കിൽ ലഭിക്കും.
നാളിത് വരെ retun ഫയൽ ചെയ്യാത്തവർ ടാക്സ് അടക്കേണ്ടി വന്നിട്ടില്ലാത്ത വർക് തീ വർഷം ടെന്നീ
നാളിതുവരെ