समृद्धि की पाठशाला

TRANSITION OF INCOME TAX RETURN FILING SITE FROM  incometaxindiaefiling.gov.in  to a all new e-filing site  incometax.gov.in New Income Tax Return Filing site has become functional from June 7, 2021 with e-filing 2.0 portal.   Giving the salient features of the "e-filing 2.0 portal", the I-T Department said there will be a "all new mobile app" and taxpayers will have a step-by-step guidance with user manuals and videos.   Besides, multiple options for on-portal tax payments like netbanking , credit / debitcard and UPI, multiple options for login like user-id or OTP, helpdesk support and chatbot are the features in the portal.     However, apart from the change in the e-filing site, some changes are also made in the ITR Forms for the Assessment Year (AY) 2021-22 in comparison to the last AY (2020-21) as well as in the process of filing your return of income over the last year   JSON Utility The Income Tax Department has ...

So you love your wife and kids very much and have taken insurance policies to cover them in case of any mis happenings to you . But have you taken additional precautions to ensure that money certainly goes to the hand of your wife / kids. You will say yes I have nominated them , putting  wife's name in nominee column. Do you know that this is not sufficient  , a nominee is only a receiver of  money not the owner. Other family members can claim or file a legal suite to get a share of it , then your beloved wife and kids may suffer . Then what I have to do  : Take the insurance (term or endowment or any life insurance ) under "Married Women Property Act".  Any insurance policy taken by the husband on his own life and endorsed under the MWP Act in favour of his wife or children, will always be their property. Once the policy is bought under the MWP Act, it simply means that any insurance policy taken by the husband and endorsed under the MWPA in favour of his ...

File Karo Jhat Se, Processing 'Hogi Phat Se. Income Tax dept has started Processing for ITR-1 & 4 under this scheme which are filed online only  The feature can be accessed only by those assessees who fulfill the following criterias laid down by the Income Tax department: > Online Tax return filing > ITR is verified > Bank account is pre-validated > No arrears > No income discrepancy > No TDS or challan mismatch The Central Board of Direct Taxes (CBDT) tweeted on Wednesday that it has issued refunds worth ₹1,73,139 crore to more than 15.7 million taxpayers between 1 April 2020 to 11 January 2021.  These days ITRs are being processed faster and refunds are being issued within a week’s time. It is happening due to the new technologically upgraded platform (CPC 2.0). However, if you haven’t still received your refund, the following could be the reason. Not verified ITR: The process of filing income tax returns is only completed when you verify your income t...

How to Invest in Foreign companies Share ? Apple, Microsoft, Amazon, Intel,  Facebook , Johnson & Johnson, JP morgan chase , Alphabet inc, Tesla, Nividia , Walt Disney, Verizon, Adobe , Coca Cola  These are the MNC companies were every one dream to get a job . But why a job ?? you can now buy a portion of all these and many other MNC companies shares holding and reap a good profit . There are three basic ways to buy holdings in foreign equities : 1. Open an overseas account with Indian brokerage: This is the easiest way out for any Indian retail investor, as many full-service fund houses provide the access to invest in foreign stocks. Like 5paisa, Vested Finance,  ICICI Direct, Reliance Money, Kotak Securities and various others. However, it is important to remember that this service will have some restrictions depending on brokerages. Based on the firm, you might have some restrictions on certain investment vehicles or the number of trades that you can make, etc. 2. ...

Investment and Tax planning after Retirement   Class on 8 th Dec 2020   , IICM   Namskar Dosto   Aap sab ka es online meeting me swagat hai. Mai Ajit Kumar Singh, 2017 me CMPDI se GM Finance ke post se retire ho gaya hun aur Ranchi me hi settle ho gaya hun   Aap log jo es meeting me hain wo bhi jaldi hi retire hone wale hain. Coal India me ijjat ke sath retire hona apne aap me ek achievement hai, mai aap sabke ujjawal bhavisya ki kamna krta hun   Jab hm kisi company me join krte hain to kab mera retirement hoga yah pahle se pata rahta hai , to hmlog me se jyada log pahle se hi planning kar liye hote hain.   Sabse badi chinta paise ki manaement aur Income Tax   ki hai. yah hmlogon ka saubhagya hai ki hmlog Coal India jaisi Maharatna comapny se retire ho rahe hain. Hamari company ne retirement ke baad ek sammanit jiwan jeene ke liye achhi schemes chalu ki hai jiske chalte retire ke baad shayad hi hme paise ki killat...

How to take maximum benefits from Income Tax Now that March is coming closer a proper Tax planning is essential for you to take maximum benefits from Income Tax rebates available under different sections of Income Tax Act . Here are some of the sections under which you can claim Tax rebates . Section 80C : Maximum Rebate Rs 150000 by investing in PF, PPF , ELSS , NPS Etc. SECTION 80D : Maximum Rebate Rs 25000 for medical cover of self and family Section 80CCD : Max Rebate Rs 50000 exclusively for NPS Section 80D : Maximum rabate full amount of actual interest paid on education loan of children , spouse, close relatives. Section 24 : Max rebate Rs 2 lakh on home loan interest . Please note that most of these sections are not only for your current year tax saving but also for your future comfortable retirement life too, be it PF, Insurance , Home loan or Pension scheme . So invest in these schemes as much as possible to reap the benefits today and...

Now that filling of Income Tax return is over , and processing of your   Tax return has started   , all will get an intimation notice from the Income Tax Dept   regarding processing of your Tax return . An intimation under section 143(1) is issued by the CPC under any of the three instances: There is tax liability to be paid; A refund has been determined; There is no refund or demand, If as per the intimation u/s 143(1) there is a tax demand then this intimation becomes notice of demand and this intimation will be treated as Notice of demand u/s 156. Accordingly, you will have to pay the entire amount within the time mentioned in the notice." The intimation will be sent to you regarding the same via email and SMS under section 143(1). You will find the tax demand notice on your online account on the e-filing website   https://incometaxindiaefiling.gov.in/ . According to the current income tax laws, the time limit to respond to this is 30 days. ...