Indirect taxes
GST
Company Act
SITE TESTING
TESTIMONIALS
Income tax
Registration
Tax Audit
How to fill ITR
How to fill salary income in TDS schedule
How to fill Salary breakup in ITR 1
How to show HRA in ITR 1
Due date for filing returns
Tax payment
Filing return of earlier previous years
Section 119(2)(b) Delayed filing
Section 92 CD Advance Pricing agreement
UTILITY FILING ISSUES
Unclaimed TDS bought forward and current year TDS separate rows
Salary in income schedule less than 90% of salary income in TDS schedule
JAVA utility not getting saved
REVISION AND RECTIFICATION
Rectification
Rectification - Tax credit mismatch
Rectification - Taxpayer wanting to correct data
Rectification u/s 154
Return processed but revision needed
Revised Return U/s 139(5)
Time period for filing revised returns
BASICS OF INCOME TAX
Who is required to file
Clarification over income head
Previous year
Assessment year
Residential status
Tax Computation
Selection of Return
Return for Salary, Interest
INCOME SCHEDULE - SALARY
Deduction U/s 16
Tax on Employment
Entertainment Allowance
Standard deduction of 40000 u/s 16(ii)
Taxability of Gratuity
Gratuity on retirement
Gratuity on resignation
Gratuity during service
Computation of Gratuity
INCOME SCHEDULE - HOUSE PROPERTY
How to compute income from house property
Income from Self occupied property
Income from let out property
Deemed let out property
Income from commercial shop
Deduction benefit for House property
Deduction benefit for self occupied house property
Home loan interest benefit under 80 EE
Difference in deduction benefit of 24(b) and 80 EE
Deduction benefit for let out property
Tax benefit for prepossession loan repayment
How to claim loan benefit during construction(Section 80 EE)
INCOME SCHEDULE - CAPITAL GAINS
Stocks (delivery)
Taxability of ESOPS
Taxability of Foreign ESOPS
STCG on Stocks
LTCG on stocks
Mutual Funds
Equity Mutual Funds
Debt Mutual Funds
Sale of House property
Capital Gains exemption
Compulsory land acquisition
RFCTLARR
LTCG Exemption u/s 54
LTCG Exemption u/s 54 EC
INCOME HEAD - BUSINESS PROFESSION
Permissible expenses for Business
Disallowances for Business Profession
Presumptive taxation
44 AD ( Business income)
Preparing Balance sheet
44ADA ( Profession)
How to fill financial particulars of Business/Profession
Profession
Filing return for LIC agent
INCOME HEAD - OTHER SOURCES
Taxability for winnings on lottery
Deductions
80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
Taxation of Sukanya Samridhi scheme
80 CCC- Payment in respect of Pension Fund etc
Deduction benefit of NPS
80CCD(2) - Employer contribution towards NPS
Employee contribution towards NPS
80CCD(1) - Employee contribution towards NPS
80CCD(1B) - Employee contribution NPS.
80CCG - Investment made under an equity savings scheme
80D - Health Insurance premium
80E - Interest on loan taken for higher education
80EE - Interest on loan taken for residential House property
80EE Eligibility
80DD - Expenditure towards medical treatment of dependant
80DD - Dependent person with disability
80DD - Dependent person with severe disability
80DDB - Medical Treatment of specified disease
80DDB - Self or dependent
80 DDB - Senior citizen - Self or dependent
80 DDB - Super Senior citizen - Self or dependent
80GG - Rent Paid
80GG Eligibility
80GGA - Certain donations for scintific research or rural development
80GGC - - Donation to political party.
80RRB - Royalty on patents
80QQB - Royalty income of authors of certain books
80TTA - Income from interest on saving banks Accounts
80TTB - Income on deposits for senior citizens
80U - In case of a person with Disability
80U - Self with disability
80U - Self with severe disability
80G - (Eligible Amount)- Donations to certain funds, charitable institutions, etc
TAX COMPUTATION
TAX CREDIT
Status of Booking in 26as
TDS
Salary TDS (u/s 192)
TDS on income other than salary
Consultancy TDS U/s 194 J (10%)
Contract TDS u/s 194 C (1%)
Interest TDS (U/s 194 A) (10%)
TDS ON NRI PURCHASE
Property TDS( U/s 194 IA)
TDS Credit
Deducted TDS not appearing in form 26 as
26 AS TDS not prefilling ITR
HOW TO MAKE TAX PAYMENT
How to pay self assessment tax
How to pay demand tax
How to pay advance tax
TDS Return filing
Schedule IT (Taking credit of taxes paid)
Self assessment tax
How to fill in challan details for self assessment tax
ADVANCE TAX
How to fill in challan details for advance tax
How to pay advance tax
Cases when advance tax exempt
Computation of advance tax
Penalties for non payment of advance tax
TCS
HOW TO FILE RETURNS
Due return U/s 139(1)
Belated return
Time period for belated return
Nil Return
Refund Return
Refund for Bank deducted TDS
Refund for LIC Commission
Refund for TDS on professionals
ASSESSMENT PROCESS
Processing of returns
How to change AO Jurisdiction
Time period for processing
E verification
E verify using AADHAR OTP
E verify using Netbanking
e Grievance ( e Nivaran)
Delay in processing of returns
Disallowance of Tax credit in 26 AS.
e Proceedings
Notices
Demand under section 143(1)a
Communication of proposed adjustment u/s 143(1)(a)(vi)
Difference in salary income in return and 26 as
Inconsistency between other source income in filed return and 26 as
Agree to demand for communication for proposed adjustment
Revision after agreeing to proposed adjustment
Disagree to demand for communication of proposed income
Reassessment Notice under section 148
Intimation Notice under 143(1)a
Compliance notice for Non Filing of Returns
Income below threshold level
Income above threshold level
Defective Returns
How to respond to Defective Notice
NRI Taxation
Tax implication for NRI while buying property
DTAA
DTAA ( Tax credit method)
DTAA India Australia
DTAA (Credit by Deduction)
DTAA INDIA USA
TAXATION OF AOP
TAXATION OF RESIDENTIAL WELFARE ASSOCIATION
Return signing capacity
TAXATION OF DIFFERENT INSTRUMENTS
Taxation of stipend income
Taxation of Research Fellowship
Taxation of Articleship stipend
Taxability of PF
Taxability of PF - withdrawing after 5years
Taxability of PF - Withdrawal before 5 years
Taxability of lottery winnings (U/s 115BB)
Taxability of Family pension( U/s 57)
Taxability of Futures and Options
Taxability of pension
Taxability of Life insurance plans
Taxability of Endowment Plans
LIC Jeevan Anand Endowment plan
Taxability of ULIP
SBI Wealth Builder ULIP Plan
Taxability on surrendering of Life insurance
Surrendering of ULIP plans
Taxability of Interest Income
Taxation of Fixed deposit
Taxation of NSC
Taxation of Bitcoin /Cryptocurrencies
Taxation of Post office interest
Taxation of Mutual Funds
Taxation of SIP
Rebate and Relief
Rebate under section 87 A
Arrear Relief under section 89
How to correct form 10 E
How to fill form 10 E
Form 10 E not submitted online
Deceased Filing
How to register as legal heir
How to file return for deceased assesse
Tax site related issues
How to download tax returns
How to download returns after filing
Late Filing after belated period also over
RETURN FILING
Employer category
How to convert return to xml for uploading
Salary mismatch in form 16 and 26 as
TDS mismatch in Form 16 and 26 AS
ITR 1
How to show employer NPS in return
How to fill nature of income in ITR1 (exempt)
How to show Gift from relative in return(U/s 56(2)
TAXABILITY OF SALARY ALLOWANCES
Taxability of Earned Leave Encashment
Transport allowance u/s 10(14)(ii)
Child Education Allowance U/s 10(14)(ii)
Uniform allowance U/s 10(14)(i)
Washing allowance U/s 10(14)(i)
Border Area allowance U/s 10(14)(ii)
Transfer Allowance U/s 10(14)
Helper/Assistance Allowance U/s 10(14)
Daily allowance U/s 10(14)
Research Allowance U/s 10(14)
Hostel Expenditure Allowance U/s 10(14)
HRA Allowance U/s 10 (13A)
Exempt HRA when not shown in Form 16
Salary (ITR 1)
How to show salary arrears in return
How to show Bonus in return
How to show salary income from Multiple companies
Multiple form 16
ITR 2
How to take Interest TDS credit in ITR 2
ITR 3
ITR 4
ITR 5 (Firms)
ITR 6 (Companies)
Common Issues
Difference in salary figures in form 16 and 26 as
How to show investments not considered in form 16
How to file return of earlier years
Send acknowledgement after 120 days
Documents to be attached
Common Mistakes
Not taken credit of paid taxes
PENALTY
Penalty under section 271 F
Penalty under section 234 F
FILING AY 2018 19
Clubbing of income
TRANSFER PRICING
Exempt Income
Exempt LIC moneyback u/s 10(10 D)
Exempt ULIP maturity U/s 10(10 D)
Exempt PF interest
Exempt Statutory PF interest u/s 10 (11)
Exempt Recognised PF interest u/s 10 (12)
Exempt Transport allowance u/s10(14)
Exempt gift income u/s 56(2)(iv)
Exempt Gratuity Income u/s 10
Exempt Earned leave at Retirement
Exempt HRA U/s 10(13A)
Exempt LTCG u/s 10(38)
Filing Issues
Request
General
Feedback
Only if it is by credit method , then the tax relief will be lower of the average tax rates as explained
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