Tax filing

Views:
 
Category: Education
     
 

Presentation Description

No description available.

Comments

By: adv.abhishek (22 month(s) ago)

it is d best presentation

By: adv.abhishek (22 month(s) ago)

kindly allow to download

Presentation Transcript

Filing Tax-Returns (ITR-1) : 

Filing Tax-Returns (ITR-1)

Slide 2: 

Got to pay Online ???!! What if I make mistakes ??? Can’t understand a thing !!! Wish somebody could help !!! Filing returns makes you worried and confused?

Don’t panic ! Let’s understand the process first ! : 

Don’t panic ! Let’s understand the process first !

1. Why file returns? : 

1. Why file returns? It is compulsory. Missing out on filing, can lead to fines or harassment later I-T Returns proof is a now a mandatory requirement for many purposes such as Loan or Visa applications Best of all, it is not as difficult as it seems!!

2. Which form? : 

2. Which form? Answering this simple question will help you decide: “Have you sold any shares or mutual funds this year (1 Apr 09 – 31 Mar 10)?” No Yes ITR 1 ITR 2 In this video, we will look at ITR 1

Slide 6: 

Form 16 from employer Statement of Housing loan repaid Updated Passbooks of Savings account(s) & TDS certificate in case you have Fixed Deposit(s) Before we actually start this exercise, we need the following documents in hand as a preparation: 1 2 3

Slide 7: 

http://incometaxindiaefiling.gov.in Return Preparation Software Now that you have your documents ready, download a simple excel sheet (& Help Manual) from this site http://incometaxindiaefiling.gov.in Excel sheet Help Manual

Slide 9: 

Personal Details Taxes paid and Verification Bank Details 1. Fill in your personal and bank details in the corresponding sheets

Slide 10: 

Income Details FORM 16 2. Copy details from Form 16 into the excel sheet

Slide 11: 

3. Enter details of investments/savings such as home-loan repayment, 80C, medical insurance etc in the corresponding cells For details regarding which cell to enter what information, refer to ITR-1 Help Manual

Slide 12: 

TDS -Fixed Deposit 4. Enter details from ‘TDS Certificate’ into the excel sheet

Slide 13: 

43 ‘Interest credit’ amount from all SB account(s) + Interest from FD(s) 5. Add all the interest amounts into cell AM43

Slide 14: 

1. Validate 2. Generate XML In case of Validate/ Generate buttons being inactive, enable the macros of excel with the help of ‘Home’ Tab in your excel sheet 6. There! Almost done .. Validate your entries & Click on Generate to generate XML

Slide 15: 

http://incometaxindiaefiling.gov.in Submission Login to the site Fill in the instructions & upload the XML You will receive Form ITR-V in your email

Slide 16: 

Submission Take a printout of the form Sign it Send it by post to To Income Tax Department – CPC, Post Bag No. 1, Electronic City Post Office, Bangaluru–560100

Good luck! : 

Good luck!