How to File ITR with your Form 16?
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- Опубліковано 15 жов 2024
- More than half the ITRs filed in India are for Salaried individuals i.e. ITR 1.
And Form 16 is one of the most important documents used by salaried individuals to file their Income Tax Return.
Now that the tax filing season is here, let’s start by understanding how you can use your Form 16 to file your Income Tax Return.
Form 16 is a certificate of TDS on salary. Every employer issues Form 16 to an employee after the end of a Financial year.
For FY 2019-20, the due date to receive your Form 16 was 15th August 2020.
Read more on What is Form 16 on Quicko’s learn center: bit.ly/Form16-...
You can file your ITR using your Form 16 on Quicko under 5 minutes:
Step 1: Upload Form 16
Step 2: Review ITR prepares
Step 3: E-file Instantly
Simply upload your Form 16 and file your ITR 1 on Quicko for free: bit.ly/Form16-...
Learn how to e-verify your ITR - bit.ly/E-Verif...
Explore special discounts for Zerodha Traders - bit.ly/3iGEdtv
Need help? Ping us on help@quicko.com or visit us on zerodha.quicko.com
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#IncomeTax #TaxFiling #Quicko #Zerodha
Quicko is filing only ITR1 automatically whereas ITR2 also need to be filed for short gain in stock investment
What about security , you getting all the customer details ?
For FY 20-21 , I made STCG of approx 20 k on zerodha app and I'm a salaried person,
How would I apply ITR on quicko support portal or via zerodha app so that My Form 16 given by my employer + STCG incurred on Zerodha + TDS CERTIFICATE on bank deposits.
All you need to do is sign up on the Quicko portal and import your trade details from your Zerodha account and upload necessary documents to file your ITR.
Please create video for capital gain and losses filing return that will be helpful for zerodha users
Coming up soon :)
+1
Better you consult a Tax practitioner or CA.
I suppose they are intetested in promoting quicko than help zeeodha traders file taxes.
@@sreejithvijayakumar1817 but many are not trustworthy and charge very high.
I have two Form 16 this year due to change in Employer. How to tally both and file ITR?
Hey, you can upload multiple Form 16s on Quicko. Here's the step by step process - support.quicko.com/hc/en-us/articles/360028219351-How-to-add-Multiple-Salaries-Form-16- 🙂
Both details will be auto filled in your itp after you select itr 1..bettrer is to consult a ca or tax practisioner
It always says We are preparing your itr sit back hold tight. Nothing happens. Fyi I am filling for last year so the new e-filing portal should not come into picture or will it
Hey, the last date to file belated/revised ITR for FY 2019-20 was 31st May 2021, so you won't be able to file the return for FY 2019-20 (AY 2020-21). In case you were referring to FY 2020-21, you can prepare your return on Quicko and file it once it is enabled, we are currently awaiting a new IT portal to enable the services. We'll keep you posted :)
@@Quicko Thankyou !
I earn only from Stock market so what form i do need to fill
If you have income from intraday or F&O, it must be reported as a Business Income in the Income Tax Return. Thus, you need to file ITR-3. In the same way, if you only traded under delivery trading then you must report it under income from capital gains and file ITR 2.
Very Good information shared
Very Useful and fast
Is it necessary to show profit/loss of share market while filling itr? If yes, please make a vedio on this for a salaried person.
Please reply. Thanks.
Hey Hemant, you should report all your financial activities when filing your ITR. Stay tuned for ITR filing for Investors and Traders.
@@Quicko thanks for your quick response.....
I am new in market investment and don't know how to download cumulative statement for previous FY from my zerodha account. Also where to show my investments of share market (including profit and loss) and mutual funds.
Hope we all get benefited by an informative vedio on the topic from your side, asap.
hey zerodha, I just want to know that since I am non salaried person but doing trading. can you clarify me how i can file taxes?
Hey Ramandeep, you can log in with your Zerodha account on Quicko - zerodha.quicko.com/ - import all your trades to plan prepare and e-file your ITR. You can always reach out to us at help@quicko.com if you need help :)
Agar kisi ki income share market se 2.5 lac se kam hai to usse ITR file karni jaruri hai @Quicko
In case your income is less than INR 2.5 Lakh you can file a Nil return.
It is a good practice to file ITR and avoid the chances of getting a notice from the ITD. Recently, ITD has collaborated with SEBI to curb tax evasion. Read more on it blog.quicko.com/cbdt-sebi-partnership-curb-tax-evasion
My annual profit for last year 2019 to 2020 is about 6.30 Lakhs..
Do I need to file IT Returns??
Hey, yes since your total income is above the basic exemption limit, it is mandatory to file your Income Tax Return.
Stcg k liye itr file karna padta hai kya
Ha par income 250000 k niche hai to nhi
Thanks. Can our all information safe in this site
Users' trust and privacy is our top priority. We use industry-standard security to ensure your data is safe. You can read about it in detail under our privacy and security policy - support.quicko.com/hc/en-us/articles/360047536151-Privacy-and-Security-
Also make a video filing ITR 3.
Working on it. Stay tuned :)
@@Quicko Yaa thanks I filled all the details but had to take a pause filling my assets & liabilities , so do stress on it a little !
Good information
Wow filing ITR for Tony Stark 😂😂😂😂😂
😉
Good
Quicko will work for basic(salary and indian stocks) filing. If you ave RSUs, ESPP from foreign company, Quicko has not expertise in this. I have opted for Quick Plus, they charged ₹ 1750+ (1499+GST). They have two sessions for review my ITR2, but no use. Total 1700 dumped. Waste of opting for Quicko, rather you can choose good CA who has expertise
Hey, we are so sorry to hear this. Our team is in getting in touch with you to resolve your concerns. When considering the tax treatment of foreign assets like RSU, Foreign listed and unlisted shares, the Double Taxation Avoidance Agreement (DTAA) comes into the picture which changes from country to country. However, we do have it in our product roadmap.
how to file for PPF?
You can enter your PPF amount under section 80C as a deduction whilst filing your Income Tax Return under the old tax regime.
Will be convenient if Quicko can capture capital gains and losses from kite and coin along with income mentioned in form16.
Hey Rahul, you can directly import your traders on Quicko using your Kite login on zerodha.quicko.com/
Webinar coming up soon! Stay Tuned :)
Great video! Any way to claim STT & IGST Tax from Intraday Trading?
Hi, since intraday trading is treated as business income, you can claim all charges and expenses paid for the purpose of intraday trading including STT, GST, etc. Read more on Expenses a trader can claim when filing Income Tax Return learn.quicko.com/expenses-trader-claim-income-tax-return
Good work 👍
ITR 2 plzzzzzzz
Tony Stark 😅
Mumbai niwasi
😉