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How to book ola cab|  ओला कैब कैसे बुक करें | Hindi |2018
 
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HOW TO BOOK A OLA RIDE Project #makeknowledgefree Steps 1.) First download the Ola app 2.) Open the Ola app and create a account 3.) Select pickup and destination points 4.) Select the type of ride 5.) Click on book a ride 6.) Check fare and proceed to confirm 7.) Once done , you shall get ride details i.e car number and OTP (one time password ) 9.) You are required to provide this password to the driver when the car arrives for the ride to start Glad to help , please like and share as much as possible so that it reaches maximum viewers!
Views: 422813 Make Knowledge Free
How to pay using netbanking to buy Amazon products | NETBANKING | ICICI
 
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How to make payment using netbanking to buy amazon products? Project - #makeknowledgefree By - Amlan Dutta This tutorial also helps understand how to buy amazon products using netbanking
Views: 21789 Make Knowledge Free
HOW TO DO WEB CHECKIN FOR YOUR AIR FLIGHT | INDIGO
 
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HOW TO DO WEB CHECKIN FOR YOUR AIR FLIGHT? Project - Make Knowledge Free By - Amlan Dutta The process would remain more or less the same for any flight but here we are web checking a actual Indigo flight from Kolkata to Hyderabad !
Views: 209477 Make Knowledge Free
HOW TO FILE RECTIFICATION ONLINE | Section 154 | TAX FILING
 
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HOW TO SUBMIT RECTIFICATION REQUEST ONLINE Project - #makeknowledgefree By - Amlan Dutta
Views: 10700 Make Knowledge Free
HOW TO LOG INTO INCOME TAX E FILING WEBSITE USING ICICI NETBANKING?
 
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How to login in E filing website using Netbanking Login (ICICI bank) Project - #makeknowledgefree Video Link - https://www.youtube.com/watch?v=vnpe6GAG1Bo Here , we demonstrate how we can login ti the E filing website using Netbanking .If you have Netbanking for any of the listed banks mentioned in E-filing website , you can use the Netbanking details and login to the tax website In this tutorial , i show you how you can use the ICICI Netbanking to login to the E filing website !
Views: 82182 Make Knowledge Free
How to show exempt retirement income  in ITR | Gratuity, Leave Encashment & PF Corpus | Section 10
 
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How to show exempt retirement income in ITR | Gratuity, Leave Encashment & PF Corpus | Section 10 Project - #makeknowledgefree By - Amlan Dutta
Views: 9737 Make Knowledge Free
Solved  - COMPUTER DATE AND TIME RESETTING TO OLD DATES ON RESTART!
 
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Solved - Computer date and Time resetting to old dates! Project - Make Knowledge Free By - Amlan Dutta
Views: 86724 Make Knowledge Free
1 ( Excel) How to Wrap text Inside Excel
 
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Often times you may wonder how to wrap text neatly inside excel .This small short Tutorial does just that and helps explain the steps Hopefully it helps , Cheers , Amlan Dutta
Views: 145063 Make Knowledge Free
how to book uber cab |  uber कैब की सवारी कैसे बुक करें | Hindi
 
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how to book uber cab | uber कैब की सवारी कैसे बुक करें | Hindi
Views: 110821 Make Knowledge Free
4 (Finance Concept) How increasing interest Repo rates by RBI reduces Inflation ( Hindi)
 
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2 (Finance Concept) How increasing interest Repo rates by RBI reduces Inflation ( Hindi) Solution - By Amlan Video solution - https://www.youtube.com/watch?v=XsQe7TWJKTw When i first read the economics time , i recollect two things that always puzzled me , one of which was how the dam does increasing the interest rates reduce inflation and why is the public always so scared of this part ...today when my concepts of the subject matter is clear , all i can do is share my knowledge of the cited subject so that even a junior kg boy hereon can understand this concept ! You see how inflation happens ...public keep buying , there is high demand and equal high supply Prices increase of the commoddities -house , petroleum , textile etc etc ...as the purchasing increases , the prices go up and the same house that costed 30 lakhs in chembur now costs 1 Cr , same onion that costs 30 Rs 3 years back now cost 80 Rs and similarly cost of other important commodities forming a part of the inflation bucket increases on a whole This is how inflation happens ....so what option the government has ---to reduce the capital that is made available with the public so that they cannot invest or buy at the speed they current are able because of funds being made avialble freely ! Confusing , Huh ...ok let me explain How does money come to the people for investing in houses ...through home loans from banks ,,,,similarly car loans from banks ...all this at interest rates ---sometimes fixed , sometimes floating Where do the banks get the funds for giving to the public ....they themselves have to borrow from the central bank of india (RBI ) capital which they later on infuse to the system making availabl,e easy funds SDay ,ICICI is a bank and it needs funds for business and presently RBI repo rates are 8 % ...so ICICI can borrow this 50 lakhs at 8 % ....now it will then make products of this capital ---mayb e home laons , car loans etc etc which are then taken by public to buy goods ...if trates are attrative , public purchase such instruments and readily invest in products with high returns .... So , i would be very well interested in taking 10 lakh home loan knowing that the value of the home would perhaps double ( my guess /risk) when i just have to pay back the bank say 10 % rate of interest , But what if RBI increases the interest rates by 200 basis points , now even ICICI would think twice before borrowing capital ...if it doesn't borrow capital , we already have a scenario where no money is there in the system ...if it still borrows , then it is very evident that it will now make products -loans much costlier in terms of interest Now even i will think 100 times before buying this loans to invest in my dream home ......like me millions also start thinking and finally the houses lie unsold Similarly , capital is restricted ...normal loans become costlier now ...so public will not get funds freely and have to pay a heavy price (interest )....so if i was buying 20 kg onions , i will now exercise restraint and buy perhaps 2 kgs ...likewise i will exercise restraint while buying all essential commodities ... Naturally , since demand reduces , price will go down and in this manner inflation decreases ! Now take any economic times /Business standard and when you read topics of the RBI governor trying to increase /decrease interest rates to control inflation , i hope you will appreciate what is happening in the bigger scenario Always spread education so that a select class who think that education was their monopoly get a strong slap on their faces when common man starts knowing mnore than them and i will make you all 10000 time's more knowledgable than this so called experts who keep reading books while i watch tom and jerry and keep flirting Humble regards , Amlan Dutta
Views: 7009 Make Knowledge Free
How many people can sit in OLA mini | MICRO | PRIME | AUTO
 
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How many people can sit in OLA mini Project - #makeknowledgefree By - Amlan Dutta
Views: 13375 Make Knowledge Free
How to show PF withdrawal amount in ITR | Jainam Shah| AY 2018 19
 
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How to show PF withdrawal amount in ITR | Jainam Shah| AY 2018 19 Project - #makeknowledgefree By - Amlan Dutta
Views: 6553 Make Knowledge Free
How to declare gift of 3 lakh rs gifted by mom in tax return?  (For Badamjeet)
 
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13 How to declare gift of 3 lakh rs gifted by mom in tax return? ( For Badamjeet) Project - Make Knowledge Free
Views: 11355 Make Knowledge Free
1 (Gmail) How to delete Bulk mails from Gmail ?
 
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1(Gmail) How to delete Bulk mails from Gmail? This should help you get going on deleting bulk mail items from your Gmail folder ...I had social mails amounting to 4000+ mail items ...selecting all mails page wise would have taken me a lot of time ...i was searching for a easy way until i stumbled upon a small link which stated "select all conversations" and voila as i clicked upon that and clicked delete , all mails got deleted for that folder ! After that i had to be careful in even removing that from trash folder .I hope showing that part helps you understand and master that part as well, Cheers , Amlan Dutta
Views: 27335 Make Knowledge Free
WHAT TO DO IF RETURN FILED LONG BACK BUT NOT PROCESSED YET | DELAY IN PROCESSING
 
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WHAT TO DO IF RETURN FILED LONG BACK BUT NOT PROCESSED YET | DELAY IN PROCESSING Project - #makeknowledgefree By - Amlan Dutta Hemant Kumar Soni asks Dear sir I have filed my return ITR 1 at August 18 and e-verified it. But my return has not YET been processed and i have not got my refund. Can you please guide me in this case. Solution - #makeknowledgefree By - Amlan Dutta You can further escalate to the next level for processing of returns through Nivaran..i.e if the earlier request was made to the CPC cell , raise it now to the assessing officer. If that also doesn't help , you can meet your assessing officer in person and request for expedited processing .Say , that also causes delay, you can then meet the commissioner and seek recourse . Me or any portal /individual cannot help...it is your assessing officer who alone is responsible for processing of your filed return..... avoid sharing numbers and credentials
Views: 4369 Make Knowledge Free
HOW TO  CLAIM TDS IN ITR IF TDS FIGURES DON'T APPEAR IN 26 AS | TAX CREDIT STATEMENT
 
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HOW TO CLAIM TDSIN ITR IF TDS FIGURES DON'T APPEAR IN 26 AS | TAX CREDIT STATEMENT Project - #makeknowledgefree
Views: 6988 Make Knowledge Free
HOW TO RAISE RECTIFICATION REQUEST FOR 26 AS TDS CREDIT NOT CONSIDERED IN INTIMATION ASSSESSMENT
 
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HOW TO RAISE RECTIFICATION REQUEST FOR 26 AS TDS CREDIT NOT CONSIDERED IN INTIMATION ASSSESSMENT Project - #makeknowledgefree Posted by - Sandhya Hi Amlan, How are you? I have a question regarding of my Latest IT intimation U/S 143(1). One weeks ago i got an intimation where they mentioned i have only 2133 credit available in my 26 AS.but i checked twice in 26AS where perfectly 2141 credit available. In that case should i pay difference amount of 8 rupees ? Though i checked response to outstanding tax demand drop down menu there is showing no records found message. Your earliest response in this regard would be highly appreciated. screenshots attached. Regards, Sandhya Posted by Rakesh "Amlan sir i got intimation from income tax deptt .that credit tax mismatch.i have correctly filled all the details from 26as but deppt said no tax in 26as but when i checkd amout is deducted and reflecting in 26as so i have filled this.now what to do sir.plz help.i have send pictures also.intimation msg as well as 26as.that i have filled correctly from 26as.other bank claimed tds has been refunded to me but problem is this 1 rs." Solution : Raise a E Nivaran grievance ticket addressed to CPC - processing under processing subheading and subject of TDS appearing in 26 as and not allowed Mention a small brief of the issue Parallely raise a rectification request No need of paying demand tax since the TDScredit appearing in 26 AS is much to your credit ...just because their systems are meant to harass people it doesn't mean that taxpayers suffer unnnecesarily! Humble regards, Amlan Dutta
Views: 10239 Make Knowledge Free
OLA RIDE LATER OPTION - EXPLAINED!
 
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HOW TO BOOK OLA RIDE LATER OPTION? Project - Make Knowledge Free By - Amlan Dutta.
Views: 20683 Make Knowledge Free
How to book ola cab
 
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HOW TO BOOK A OLA RIDE ON YOUR SMARTPHONE? #howtobookolacab Well i was trying to book a ride from My place to the office and thought of doing a Ola , recorded the process ...hope it becomes helpful for a few !
Views: 498146 Make Knowledge Free
how to book uber cab
 
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How to book uber cab #howtobookuberbab This video shall demonstrate on how to book uber car ride
Views: 386363 Make Knowledge Free
HOW TO RAISE CONDONATION REQUEST FOR SENDING RETURN ACKNOWLEDGEMENT AFTER DUE DATE | AMLAN DUTTA
 
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HOW TO RAISE CONDONATION REQUEST FOR SENDING RETURN ACKNOWLEDGEMENT AFTER DUE DATE? Project - Make Knowledge Free
Views: 18889 Make Knowledge Free
2 (TDS ) What is the Difference between TDS and Income tax (Hindi)
 
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Case AQ - What is the Difference between TDS and Income tax ? Solution - By Amlan Dutta People find difficult to digest when i say that even i had difficulties mastering my concepts but it's true that even i struggled in my early days and finally when i mastered the subject it was with a lot of pride One such conecpt which took me quite some time to understand was mastering the difference between income tax and TDS So , let me make this clear to you with a very simple lucid example Going by our earlier notes and tutorials we know that TDS ( tax deducted at source ) is done as per the expense head The income tax act has clerarly prescribed the section's that the assesse has to look at for guidance for deducting TDS Say , i earn income from 3 heads - salary , FD interest and Consulting job all for 100 Rs each For ease of understanding we will be considering the same simple figure of 100 and figure out the TDS to be deducted for my income derived from 100 Rs salary , 100 Rs FD deopist with the bank , 100 Rs Professional receipt ( A) Case 1 Salary - Say , the employer is paying salary to it's employee , Expense - Salary Section for TDS - 192 Here , the company will deduct as per TDS provisions which states to deduct as per income slabs Since the income is assume at 100 Rs , ( so it falls below threshold limit ), so the employer will not deduct any tax observing income slabs which says nil tax for any amount below 2 lakhs ( B) Case 2 Bank FD interest income Expense - FD interest income Here bank will look at Section 194 A for guidance The section asks to deduct 10 % on interest Assuming 10 % interest on 100 Rs , the bank is supoosed to pay 10 Rs ...the bank deducts 1 Rs ( 10 % of 10 Rs ) and pays the assesse 9 Rs ( C ) Case C - professional fees Expense - Reimbursement for profession Here , the firm will be guided by section 194 J The section guides to deduct TDS at 10 % So , 10 % of 100 Rs = 10 Rs will be deducted as TDS and and balance 90 Rs will be handed to the employee So , we can see how depending on the expense , the assesse ( company in case 1 , bank in case 2 and consulting firm in case 3 )is guided by the sections which allow him to narrow down on the TDS rate and subsequently deduct that much amount and pay the balance to the beneficiary What the expenses here are for the different assesses are i.e salary , FD interest , Professional fee form my income The assesse files return showing the amount of tax it has deducted and also provides me TDS certificate for the same( Form 16 for salary TDS and form 16 A for non salary TDS i.e in this case for tax deducted on source for FD interest income and Professional receipt This helps me file my own income tax return...so the same taxes which are TDS for the assesse now qualifies for my income tax , because his expenses( salary , FD interest , professional fees ) for the assesse is my income I compute the tax payable on this income , if more is to be paid as per income slabs , i do that and file my return using ITR 4 (ITR 4 because it has heads of salary , FD for other sources and profession ) This is the whoile process , hope everything is clear Before i die , i promise , i will make knowledge opensource ....dam hai toh rok key dikha dena! Humble regards , Amlan Dutta P.s - I don't want help .
Views: 14668 Make Knowledge Free
HOW TO FIX SAMSUNG Galaxy S7 Constant Notification Sound Bug !( Your "thank you" is special)
 
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HOW TO FIX Galaxy S7 Constant Notification Sound Bug ! Project - Make Knowledge Free By - Amlan Dutta So , i hadn't turned on the notifications or something and throughout the day i keep getting this irritating buzzing sound until decided that i had enough of it ! i record the steps i have taken which finally got rid of the monster ! If this helps a small thank you makes my day!
Views: 67880 Make Knowledge Free
HOW TO DO HOUSE REGISTRATION AND PAY STAMP DUTY FOR INDIAN PROPERTY!
 
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How to register your house property and pay for the stamp duty Steps for Stamp duty and registration for Home Purchase (in maharashtra ) This activity sale /purchase of property is covered under Article code - 25 B For this article , the Stamp Duty Rate is - 5 % of consideration value Registration Fees - Fixed at 30000 Rs . In our case , the applicant has bought a house at Worli for 85 lakhs Since house purchase has happened in the state of Maharashtra , so the state will earn revenue in form of stamp duty and registration How does the applicant do it ? Simple , go to the GSR (Govt website for e payment of tax )or any collecting centre identified by the state govt for collection of stamp duty and registration fees In Maharashtra , the state govt has identified IDBI as collection centre So , one can deposit stamp duty for various articles ( here the article is sale /purchase of property ) In Maharashtra , the stamp duty for artcile 25 B identified for sale and trabsfer of house is 5 % of consideration value Here , since the sonsideration value is 85 Lacs ,s o the stamp duty is 5 % i.e 0.05 x 85 l = 425000 For registration , it is a fixed 30000 Rs that needs to be paid Once details like shown are filled , then the form needs to be submitted along with details of payment made (via cheque /cash /RTGS ) to collection centre account In 5 Hours , the centre will provide a E stamp which can be stapled to the article( sale agreement ) and shall suffice for it's stamping and registration The applicant needs to submit the agreement of sale with the stamp paper to the registrar office to get his property registered That's it ! This is a common activity which effects every common man , so i thought i should make a note for the same Humble regards ,
Views: 129234 Make Knowledge Free
9 (Excel)How to Copy paste value's from Cells which have functions
 
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Sometimes , you will have a situation wherein target cells which need to be copied basically have values derived of functions .Say the target cell is D1 sum of cells A1 , B1, C1 which contain 1,2,3 , so target cell contains 6 , Now if i want to copy such hundred target cell values only , i cannot simply observe a copy paste , I need to use paste special (values) to copy the value in the cell .A simple paste would then copy the function inside the cell by default and paste it over the destination cell , This will help you at some point in your life , God Bless, Cheer's, Amlan Dutta
Views: 64215 Make Knowledge Free
14 (Hindi) Studying Intimation under section 143(1) in relation to Filed return (ITR 1  ) Live
 
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Case 14 (Hindi)Studying Intimation under section 1431 in relation to Filed return (ITR 1 ) Live Understanding intimation under section 143(1) is very important .We do this in great depth in this tutorial .Basically intimation under section 143(1) is nothing but a statement issued by the assessing officer which mentions his calculation as regards taxable income and taxes paid thereby based on your return filed. So , not only do we study filed return but we also check intimation under section 143(1) in that regard ....i hope that this practical case will deeply benifit everyone , Peace , Amlan Dutta
Views: 37302 Make Knowledge Free
How to claim tds deducted by bank | ITR I | AY 2018 19| Section 194 A
 
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How to claim tds deducted by bank on fixed deposit| AY 2018 19| Section 194 A #how to claim tds deducted by bank on fixed deposit in tax return #How to claim TDS deducted by bank on interest income Project - Make Knowledge Free By - Amlan Dutta
Views: 42873 Make Knowledge Free
Oh my god , i got a intimation u/s 143(1)  from the tax department.What does it imply?
 
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1061 (Tax) Oh my god , i got a intimation u/s 143(1) from the tax department.What does it imply? Video Link - https://www.youtube.com/watch?v=25sr7Sn6tWU Case Methodology - Harvard case Model By - Amlan Dutta Many tax payers who are filing online returns get scared when they are in receipt of the intimation under sections 143(1) . Here ,therefore it is important to understand what is happening . You see , earlier when manual returns were filed , people were not getting things they should have .But online return filing means many advantages one of which is intimation under section 143(1) However instead of feelling happy people get scared So , let us understand what it is .You see as a taxpayer , you file return declaring your income , savings and taxes due on it and the taxes paid to meet them in the return (ITR 1/2/3/4/5/6/7 ) as the case may be .You file it using sections 139(1) if you file before due date , using 139(4) if you file after due date , using 139(5) if you decide to revise , using 139(9) if you are filing in response to defective notice ....but see how carefully you are using section 139 and it's subsections ! Likewise ,once you have uploaded the return , it has to be checked for veracity, right A student writes a exam paper .Does it go without checking and he gets full marks .No it never happens in school , then how can it happen in real life. Therefore every tax payers declaration of return of income goes through assessment (checking ) by the assessing officer . One of the first stages of the assessment is simply to see whether taxpayer has declared income properly and taken credit on the basis of the tax credit available to his account .This preliminary assessment is given the name intimation . Basically , the AO intimates you about his observations in this intimation and records them in columns right to the taxayers information for income , savings , taxes due and taxes paid Note that the intimation not being a assessment order under section 143(3) , assesse can still revise a return until 1 year from end of the assessment year or completion of assessment whichever is earlier ! So don't say "Oh my God , i got a ntimation --- say "Yahoo , i got the intimation " Cheers , Amlan Dutta
Views: 27821 Make Knowledge Free
HOW TO FILE INCOME TAX RETURN FOR NRI HAVING PROPERTY AND INTEREST INCOME| AY 2014 15 | NRI TAXATION
 
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HOW TO FILE INCOME TAX RETURN FOR NRI HAVING PROPERTY AND INTEREST INCOME| AY 2014 15 | NRI TAXATION Video Link - https://www.youtube.com/watch?v=5zbbzaKPWto
Views: 28557 Make Knowledge Free
WHAT IS  LETTER OF CREDIT? EXPLAINED IN DEPTH.
 
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Case - Explain Complete concept of Letter of Credit with Real Example ! Story - By Amlan ----Contribution's by Runold Fernandes . I am wanting to buy coke bottles from Coa Cola USA .....so evidently , i am the buyer Alway's remember that the receive of the payment (seller ) is termed the beneficiary .....so here Coca Cola USA is the benefeciary .... Let's also understand what is a letter of credit ....it is credit ( payment offered ) against documents and so also called documentary credit .... amechanism wherein the seller of the goods is assured of his payment because the buyer's bank take's guarantee to make the payment ...the seller is not concerned whether the buyer goes bankrupt or not So , in this case my bank is SBI , Cuffe parade ....this is called the issuing bank ....say , i want to buy 100 crates Coke bottles worth 10 million dollars .....i go and ask the bank to open a letter of credit (the process is called issuing letter of credit ) favoring the bebenficiary and the beneficiary bank as follows Beneficiary - Coca Cola Ltd Beneciary Bank - Citi Bank -Los Angeles Coca Cola Lts had already intimated me that he bank he desires for his payment to be credited shall be Citi Bank (Los Angeles )..... Case 1 - In present arrangement , SBI Cuffe parade is the issuing bank , Citi Bank Los anageles is the Bneficiary bank Once the LC is opened , SBI sends across the letter of credit to the advising bank which then advises Coca Cola that the LC has come and asks for the documents Say , Coca Cola ships the Material on 16Th May ....he gets the bill of lading and collects all the other documents like the invoice , ciountry of origin , Test certificate , inspection certicate ads mentioned in the LC and makes a presentation of the documents to the advising bank ( not neccesary that documents are to be submitted to the advising bank ) The bank ( in this case ----Citi Bank checkls the documents ...if it finds any discrepancy , it lets know to the seller( Coca Cola ) of the discrepancy ...say test certificate was missing , it lets Coca cola know of the same ...Coca cola then furnishes the remaining document...once the advising bank is satisfied that all documents are in order , it sends the documents to the issuing bank (SBI , cuffe parade ) If SBI , cuffe parade also finds that the docs are in order , then since it has taken guarantee for payment , it will have to make payment for the issued LC i.e pay the advising bank 2000 $ against the docs collected It then contacts me (buyer ) that all the docs are with it and asks me to make payment and collect the documents ( Sometimes while issuing the letter of credit , the bank blocks that much fund from my account and when the docs arrive debits my account and sends across the documents ) Using the Bill of lading document) document, i go to the Mumbai port to get my shipment released upon subsequent payment of Import duty for the coke trenches That's it The basics are clear , Hope You enjoyed , Cheers , Amlan
Views: 55050 Make Knowledge Free
3(Service tax )How to apply for service tax registration online (ST 1 )(Hindi)
 
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Here , we learn how one can do service tax registration online One needs to go to the aces website and then apply We first need to create a account in this site ....then once done fill the ST 1 form so that we can register ourselves for the services applied Hopefully , this tutorial will let you know how to do all this , because we do it right from scratch ...not only do we create a account in the site but also register ourselves for a certain service using the ST 1 form -all done live and real time so that anyone who would be wanting to register for service will be benifitted seeing the real steps Have a nice time enjoying the tutorial , Humble regards , Amlan Dutta
Views: 76704 Make Knowledge Free
HOW TO FILE TAX RETURN FOR  INTEREST INCOME | AY 2015 16
 
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HOW TO FILE TAX RETURN FOR BANK INTEREST INCOME FROM FD AND SAVINGS Project - Make knowledge Free Both FD and saving interest are taxable as per slabs(Neither is exempt ) .... So,declare this interest income as income from other sources ....note however in savings , you get deduction benefit of lesser of 10000 rs or saving bank interest income ..... Say, saving interest income is 8000 rs , show 8000 rs as income from other sources and claim deduction benefit under section 80tta of 8000 rs thereby effectively adding nothing to taxable income ,.... If saving interest is however 12000 rs , them under income from other sources 12000 shall come and deduction benefit under 80 tta being leader of saving interest and 10000 rs shall be 10000 in such case thereby adding 2000 rs to taxable income Say Fd interest income 20000 and saving bank interest income 8000 rs , then under income from other sources in income schedule , you will combine this interest and show 28000 rs ...... In 80TTA however , only deduction benefit of saving interest is provided ...so in this case under 80TTA you can take benefit of 8000 rs only ...note as per 80TTA, the benefit available is lesser than 10000 rs and the saving interest .... So here ,lesser of 10000 rs and 8000 would translate to 8000 rs , you can therefore claim deduction benefit of 8000 rs only in 80TTA schedule thus effectively adding nothing to taxable income from saving bank interest .....say saving interest was 12000 rs , then deduction benefit under 80TTA being lesser of saving interest i.e 12000 and 10000 rs translating to 10000 rs , you can then therefore in this case take benefit of only 10000 rs and thus effectively adding 2000 rs to taxable income from saving interest.
Views: 68675 Make Knowledge Free
How to show lic maturity amount in itr | Exempt U/s 10(10D)
 
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How to show lic maturity amount in itr| Exempt U/s 10 (10D) #wheretoshowlicmaturityamountinitr Solution By - Amlan Dutta Case (1) - Policy opened before 31st March 2012 If each of the the premimum paid is below 20 % of the sum assured than the entire sum received on maturity is exempt from tax u/s 10 (10 D ) Examp0le - sum assured 500000 for a plan opened before March 31st 2012...each of the preimums paid = 25000 Rs Here 20 % of sum assured = 0.20 x 5 lakhs = 1 lakh Since premimum paid = 25000 Rs which is less than 20 % of sum assured , so the matureity sum will be exempt from tax u/s 10 (10 D ) Note that under section 80 C , also , amount not exceeding 20 % can be benifitted for taking deduction benefit even if premimum paid exceeds that amount Case (2) - Policy opened after 1 st April 2012 If each of the the premimum paid is below 10 % of the sum assured than the entire sum received on maturity is exempt from tax u/s 10 (10 D ) Say sum assured 10 lakhs for plan opened after 1st April 2012 Say yearly premimum is 80000 Rs Since premimum paid is less than 10 % of sum assured , so sum that shall be recived on maturity will be exempty from tax under section 10( 10 D ) Note that under section 80 C , also , amount not exceeding 10 % can be benifitted for taking deduction benefit even if premimum paid exceeds that amount Note , that in both cases (1) and (2) , if the premimums paid exceed the specified limit i.e 20 % for plans opened before 31st match 2012 or 10 % of sum assured for plans opened after 1 st April 2012 , then the total sum received on maturity will be shown as income from other sources and shall be taxable as per income slabs I write this article because i see there is a lot of confusion regarding tax treatment for maturity receript received on LIC policy getting matured , Hopefully this helps , Humble Regards , Amlan Dutta
Views: 17274 Make Knowledge Free
HOW TO COMPUTE NON EXEMPT ALLOWANCES FOR TAX FILING| ITR 1 | AY 2018 19
 
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HOW TO COMPUTE NON EXEMPT ALLOWANCES FROM FORM 16 FOR TAX FILING #HOW TO COMPUTE NON EXEMPT ALLOWANCES FOR TAX FILING| ITR 1 | AY 2018 19 Project - #makeknowledgefree By - Amlan Dutta Glad to know this helps and this becomes becomes important w.r.t present year filing Here's reinforcing it again, Gross = salary(basic) + exempt + non exempt ......say 100 Rs So , non exempt = Gross - (salary + exempt ) Figure out salary from payslips (12 month basic )....say 20 Rs Figure out exempt ( Point 2 of form 16 )....say 10 Rs ...... So , now compute non exempt allowances Non exempt = 100 - (20+10) = 100 - 30 = 70 Rs Simple!
Views: 10433 Make Knowledge Free
HOW TO SHOW EXEMPT INCOME FROM LONG TERM CAPITAL GAIN OF STOCKS IN TAX RETURN | ITR 1 ?
 
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HOW TO SHOW EXEMPT INCOME FROM LONG TERM CAPITAL GAIN OF STOCKS IN TAX RETURN | ITR 1 Project - Make Knowledge Free By - Amlan Dutta
Views: 11783 Make Knowledge Free
HOW TO FIX SAMSUNG GALAXY BIG ICONS! ( A SMALL THANKS WOULD MAKE MY DAY)!
 
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Samsung galaxy smartphones Icons very large -Solution !
Views: 218583 Make Knowledge Free
(Sytem bug fix ) How To Remove Dr Watson Error completely?
 
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The video shows how to enter the registry directory ,track down Dr Watson and ask him not to visit your system again .Firstly Dr Watson is not a bug , it is just a system way ion XP operating system of telling you that a exception has occurred However ,the entire system hangs up when it is aroused often calling in for a bad experience . To remove it , one needs to go to the registry editor and there amongst various keys select the local machine keys , Then , one needs to select the software ,then Microsoft under which windows NT , Expan windows NT and you shall see a small Aedebug ,that's it , you have spotted Dr Watson .if you don't want to friend it ,delete the Aedebug and you will never be greeted by the Dr Watson message ever again , I repeat it's not a bug , but a operating system feature which occurs when some exception occurs which the OS doesn't expect or has not been programmed to handle and thus this message crops up often resulting the system hanging for durable time periods . Regards , Amlan Dutta
Views: 11364 Make Knowledge Free
HOW TO FILL SALARY BREAKUP IN  RETURN |  ITR 1  |  AY 2018 19 | TAX RETURN
 
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HOW TO FILL SALARY BREAKUP IN ITR 1 | AY 2018 19 Project - Make Knowledge Free By - Amlan Dutta You should have your pay slip and a copy of your form 16 ...now you have gross salary mentioned in form 16 ( inclusive of salary plus all non exempt allowances ...so clearly you only need to remove salary portion to get the non exempt allowances portion ... Step - 1 - Identify the Gross salary I.e this salary is salary+ all non exempt allowances ( da, non exempt HRA , washing etc etc whatever applies since this may vary from person to person) This will be point 1 (a) of form 16 i.e salary as section 17(1) ...........( say 10 lakhs ) Step - 2 Separate the basic salary from the gross chargeable figure Now our aim is to remove salary from the non exempt allowances , here you shall need your 12 month payslips ( just consider the basic portion only ) Ignore everything else i.e DA & every other allowance i.e washing HRA etc etc other exempt and non exempt allowances ) ...Put this under salary ........(say 6 lakhs ) Step - 3 - Arriving at Non exempt allowances This is gross salary (alone) MINUS salary as in step 2 MINUS the exempt allowances (say 20,000) as indicated in form 16 Therefore you shall compute i.e i.e Gross salary(Point 1(a) of form 16) MINUS salary as calculated in step (2) minus i.e sum total of exempt allowances under section 10 (Point 2 of form 16) ....10 lakhs - 6 lakhs -0.2 = 3.8 lakhs (value of non exempt allowances) so figure for non exempt allowances is 3.8 lakhs ....... Step - 4 -Value of perquisites under section 17(2) Check figures for perks , perquisites , etc from point 1(b) of form 16 (section 17(2))..If not present or indicated as nil , you will put 0 Step 5 - Profits in lieu of salary( section 17(3) Check figures for perks , perquisites , etc from point 1(c) of form 16 (section 17(3))..If not present or indicated as nil , you will put 0. Step 6 - Deduction under section 16 Check this from from Point 4 of form 16 Usually (a) Entertainment allowance and (b)tax on employment etc (say 2500 Rs ) Step - 7 - You will therefore finally arrive at figure for chargeable income from salary which is presented for tax (Note - If it doesn't match form 26 as , it is okay since 26 as depends on TDS filing and usually for companies show the gross amount credited ) (Step - 7 - show the exempt allowances for salary like Exempt HRA, exempt conveyance etc etc in reporting schedule ) Take care so that the chargeable income from salary (point 6 of form 16 ) should match presented salary income in return (Check attached pictures for my real live case )
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1 (TDS) What is TDS  (Tax Deducted at source) ( Hindi)
 
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Case TDS 1 - What is TDS Solution - By Amlan TDS stands for tax deducted at source ....at source means , before making payment we deduct the tax and then remit the balance payment ...this deducted payment is called the tax deducted at source How much tax is to be deducted at source depends on what kind if expense is being incurred ..... If the expense being incurred is salary , TDS is deducted at a certain rate ! If the expense being incurred is interest on securities , TDS being deducted is again at a certain rate So , any expense has to be first identified and then the tax deduction is done .... Much like income heads which we have been studying so far , even every expense head and applicable TDS is covered by defined sections of the IT act , 1961 Let's look at a few examples of TDS deduction at source , ( A) Case 1 - Salary Say, the assesse is a employer and has to pay salary to it's employee of say 100 Rs Expense - Salary Section for TDS - 192 Here , the company will deduct as per TDS provisions u/s 192 , which states to deduct as per income slabs Since the income is assume at 100 Rs , ( so it falls below threshold limit ), so the employer will not deduct any tax observing income slabs which says nil tax for any amount below 2 lakhs , 10 % for 2-5 lakhs , 20 % for 5 - 10 lakhs , and 30 % for more than 10 lakhs ( B) Case 2 - Bank FD interest income Say in this case , the assesse is a bank which will be paying interest to the beneficiary for the term deposit of 100 Rs @ 10 % annually i.e 10 Rs Expense - FD interest income Here bank will look at Section 194 A for guidance The section asks to deduct 10 % on interest i.e 10 % of 10 Rs = 1 Rs Assuming 10 % interest on 100 Rs , the bank is supposed to pay 10 Rs ...the bank deducts 1 Rs ( 10 % of 10 Rs ) and pays the assesse 9 Rs ( C ) Case C - Professional fees Say , in this case , the consulting firm will pay professional fees to the assesse ...... Expense - Reimbursement for profession Here , the firm will be guided by section 194 J The section guides to deduct TDS at 10 % So , 10 % of 100 Rs = 10 Rs will be deducted as TDS and and balance 90 Rs will be handed to the employee So , we can see how depending on the expense , the assesse is guided by the sections which allow him to narrow down on the TDS rate and subsequently deduct that much amount and pay the balance to the beneficiary We looked at expenses for salary , FD interest , Professional fee for the assesse ...however it could have been anything ----contract fees , cab hiring services etc etc .....the concept remains the same , while making the payment , the assesse has to look at specific sections listed for the marked expense for TDS and accordingly do the TDS deduction before remitting the balance to the beneficiary , Later the assesse files the TDS return( 24 Q etc etc ) The beneficiary files the income tax return( ITR 1/2/3/4/5/6/7) Hope the concept of TDS is now clear , Humble regards , Amlan Dutta
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How to book uber auto |  Uber ऑटो को कैसे बुक करें  | UBER
 
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How to book uber auto | Uber ऑटो को कैसे बुक करें | UBER Project - #makeknowledgefree By - Amlan Dutta
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HOW TO SUBMIT RECTIFICATION ONLINE FOR NOT HAVING SUBMITTED FORM 10 E  | RELIEF UNDER SECTION 89
 
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What rectification option will i select for not having submitting form 10 E online? Video Link - https://youtu.be/Re0qC73e1oY Project - Make Knowledge Free. By - Amlan Dutta In the real case , Nilesh had got salar arrears from due in 2013 14 in year 2014 15 . He figured out that this arrears require that he pays extra 659 rs compared to what he would have been required to pay if the arrears was paid in the due year itself He also gets a form 10 E using which he can therefore claim relief for this 659 Rs .This figures also appear in his form 16 ( salary TDS certificate ) Now he uploads return claiming relief under respective heading But to his suprise when the intimation arrives , the departmen has not considered his request for relief So what went wrong ? He is required to upload form 10 E online before filing the return The calculations which are shown in his office provided form 10 E are to be filled in online form 10 E available in his tax filing account and submitted online . Now , firstly he will first do this .I.e He will fill 10 E online and submit it Then, more importantly he will apply for rectification to the intimation assessment passed under 143(1) While doing so , he will select option " reprocess the case " and not the other option 's He is neither correcting the data in the return nor is he correcting tax credit mismatch While seeking to reprocess the case , he will opt for tax computation checkbox which is because now when the department reprocesses the case and discovers that nilesh is eligible for relief of 659 Rs , the tax will get recomputed Shortly he can see that his rectification request shall be processed !
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How to pay income tax online | Self assessment tax| Challan 280
 
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HOW TO PAY INCOME TAX USING SBI NETBANKING | SELF ASSESSMENT TAX| Challan 280 How to pay self assessment tax using challan 280 |ITR Project - Make Knowledge Free By - Amlan Dutta Here assesse discovers that his TDS credit is not sufficient to meet the tax liability So , he has to first pay self assessment tax using challan 280 He decides to use the sbi netbanking facility and we record the process Post paying self assessment tax , he has to take credit of the paid taxes in return before submitting it finally We also everify using sbi netbanking and download the acknowledgement and show the process !
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How to fill up Deducted year in TDS schedule 2 of tax Return
 
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How to fill up Deducted year in TDS schedule 2 of tax Return ? #makeknowledgefree What should I write against column "Deducted Year" of Sch TDS2 of Income Tax return form 1 for AY 2015-2016. This TDS relates to tax deducted out of interest income during the FY 2014-2015. Asked by Devendra - Solution : lets do this logically ..lets understand what does deducted year mean ...suppose it is FD interest income and bank has deducted TDS on FD interest ...so when does it actually deduct TDS ...does it do it the assessment year or in the previous financial year ...obviously it deducts TDS in the previous financial year 2014 15 ( between 1st April 2014 to 31st March 2015 )...but you wont be able to put 2014 15 and therefore shall put 2014 ....note even if you try to put 2015 , the return utility will throw up a error stating that the deducted year cannot be 2015 for Assessment year 2015 16
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HOW TO FILE ITR  FOR ANY  PREVIOUS YEAR  EVEN AFTER BELATED PERIOD OVER| Section 119(2)(b)
 
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HOW TO FILE ITR FOR ANY PREVIOUS YEAR EVEN AFTER BELATED PERIOD OVER| Section 119(2)(b) Project - #makeknowledgefree Posted by Balaji on site on 31st July 2018 "Sir I want to file return for assessment year 2017 - 18 .Belated period is already over on 31st March 2018 , I have checked i have refund for that year but since i have not filed return , i could not claim it .How to file ? Is there any way to file return for previous year when belated period for filing is also over " Solution - By Amlan Dutta Using belated section 139(4), you cannot since time period is over ...However, you may request for condonation of delay of filing if geuine hardship was there ..... The condonation process is not online and has to be done through paper application to CIT under section 119(2)(b)... go and meet him if possible through representation or assesse himself ...Once condonation approved, return filed using section 119(2)(b) shall be processed by the assessing officer . He shall give a notice approving condonation Using this notice , you can file time barred return using section 139 alongwith 119(2)(b) Now, to give some background , the section 119(2)(b) offer's relief to taxpayer in terms of filing but with permission Section 119 of the Income Tax Act, 1961 is about to Instructions to subordinate authorities providing measures for the purpose of efficient management of the Revenue and give relief from undue hardship to the assessee. Section 119(2)(b) provides that CBDT for avoiding genuine hardship authorize income tax authority to admit an belated application or claim for any deduction, exemption, refund or any other relief even after the expiry of the period specified under the Act for making such claim or application. However, note no Condonation for claim of refund or loss shall be entertained beyond six years from the end of the assessment year for which application or claim is made. The limit of six years is uniform for all authorities considering the application or claim. Eg:- Suppose , belated period of filing is over and someone could not submit return due to genuine hardship and has excess TDS interest credit ( from banks) for which he seeks refund , he can use this section to his benefit In this case assesse has genuine hardship so he will apply for condonation request to principal commissioner /CIT( since value is less than 10 lakhs) ....Once approved, he can then file following the steps shown in the video
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1037 (DTAA) How to fill Foreign source Income (FSI )schedule for claiming DTAA ?
 
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886(Income tax) How to fill Foreign source Income (FSI )schedule for claiming DTAA? Video Link - https://www.youtube.com/watch?v=SIOub2NobXk Narration - By Amlan Dutta Project - Make Knowledge Free . The sections 90 and 91 of the income tax act cover this subject ! This is to prevent double tax incidence which happens on the tax payer due to tax being applied both due to residency and source rule For example, in India where taxation is based on residency,all income be it domestic or Global income is included in scope of total income .So , a Indian resident is expected to pay tax on both Indian and Global income Let’s understand this with a example , Say for previous year 2013 14 , I work in india with Indian company - BHEL from April to December and derive salary income 20 lacs here From January to March 2014 , I go to Canada and derive professional income there by playing a few matches and earn 10 lacs professional fees there I see ESPN sports agency(Toronoto /Canada) deducts TDS @ 3 lacs from my professional rereceipts on source So , tax rate = (300000/1000000) x 100 = 30 % Now, for filing return of income in India , being a resident , I have to consider income received in Canada as well in the scope of my gross total income So , my gross total income becomes 30 lacs Being a individual , I can take advantage of section 80 deductions (80 C to 80 U )listed in chapter VI A of the income tax act I have invested in Life insurance 1 lac rs which is less than 10 % of sum assured , so I can claim this much deduction benefit ( I have no other investments ) So, my total income now becomes 29 lacs subject to tax as per income slabs (0 – 2lacs – Nil – 2-5 lacs 10 % - 30,000 Rs , 5-10 lacs – 20 % - 1 lac and above 10 lacs – 30 % - 570000 Rs )…so Total tax payable is 700000 (7 lacs ) plus education cess i.e @ 3 % 21000 So , total tax payable = 721000 Tax rate for India = (721000/ total income ) x 100 = 24.8 % Think you have got 50 marks in maths paper of 100 , how do you remove percent ..you do 50 /100 x 100 …same you will do for tax rate …i.e divide taxes computed / total income …so you understand what is the rate of tax for Indian income Now as a tax payer , I am burdened by paying taxes twice on my foreign income So , in a globalised world where incidences of travelling to foreign countries to earn income is rather commonplace , the govt to prevent incidences of double taxation has enetered into bilatertal agreement with the members of the united nations so taxpayers can get relief Of the 192 nations , India has signed agreement with 82 nations like UK , austraia etc etc Here, sections 90 /90 A and relevant articles define the tax treatment to be pursued when taxpayer is subject to double taxation In absence of such agreement , section 91 is to be followed where taxpayer gets relief of lower of tax rates on doubly taxed income and if tax rates are equal , then relief of tax rate on doubly taxed income will be given In cited example,lets assume for a moment that bilateral agreement doesn’t exist between India and Canada. Now we will then follow section 91 and compare tax rates We see comparing tax rates ,i.e Indian tax rate of 24.8 % and Canadian tax rate of 30 % that tax rate of India is lower , So relief is of the amount arrived at applying this tax rate of the income which is subjected to double taxation i.e 10 lacs which is subject to both Canadian tax and Indian tax So, tax relief = Tax rate of india on doubly taxed income at Canada = 0.248 x 10 lcs = 248000 So , now tax payable = tax computed – relief = 721000 – 248000 = 473000 + Penal interest if applicable u/s 234 A/B/C We see in our tutorial , how this entire thing is represented through return The schedules FSI (foreign source income ), TR (tax relief ) and FA (Foreign assets )carry paramount significance ! Already , I see that on Indian salary income , some TDS has been done I pay the balance due taxes using challan 280 i.e self assessment tax and fill schedule IT Rest process remains same ! Please spread and share knowledge as much as you can !
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561(Presumptive Taxation)  How to File ITR 4S for salary and Business Income 44AD AY 2014 15 (Hindi)
 
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549(Income tax) How to File ITR 4S( presumptive return)for salary and Business income AY 2014 15)Hindi By - Amlan Dutta Video Link - Assesse - Individual Previous year - 2013 14 Assessment year - 2014 15 Income head - Business ,salary Income of a individual can be from salary , business /profession , capital gains , House property and other sources Here the individual is having income from heads - salary and painting contracts business Since business turnover is less than 1 Cr , Government gives option to take advantage of presumptive scheme to declare Business income Here the Govt divides the business in 2 categories (1) Goods carrying vehicles Business u/s 44 AE (2) Other businessness u/s 44AD Here , the business is From Painting Contracts .... This is not a Goods carrying vehicle business and his turnover is less than 1 Cr So he decides to take advantage of 44 AD section for showing presumptive income for business......Now , as per the section , if turnover of the business is less than 1 Cr , then assesse can show 8 % of the turnover as income ...as such he will not be required to then keep books u/s 44 AA and get them audited u/s 44AB The painting Contracts Business turnover is 50 lacs and the individual actually had profits at 50 % i.e 25 lacs ... .under presumptive scheme , the individual can clearly benefit a lot so he shows income from business as 8 % i.e 4 lacs under presumptive scheme u/s 44 AD He is also employed at Asian Paint and has salary of 3 lacs So his Gross total income is 7 lacs (GTI is sum total of income from all heads ---Here salary plus Business income ) Now , for individual , for tax savings instrument's are available from sections 80 C to 80 U Here the individual has invested in (1)Provident fund for 1 lac (80C), (2)medical insurance for 10000 rs (80 D )and (3) education loan interest 10000 Rs ( 80 E ), So he gets benefit of 120000 Rs as per eligible deductions under chapter VIA So , Total income = 7lac - 1.2 lacs = 5.8 lacs So , tax will charged as per income slabs on 5.8 lacs (...since total income is above 5 lacs , he will not get rebate u/s 87A of 2000 Rs or total income whichever is less) Tax as poer income slabs will be applied 0 % for 0-2 lacs , 10 % fopr 2-5 lacs ,so here 10 % on 3 lacs --30000 , and 20 % for 5-10 lacs --so here , 20% on 80000=16000 So tax = 46000 + edu cess at 3 % = 47380 Some TDS was deducted on salary income u/s 192 by the employer ....he pays the balance tax using challan 280 Once taxes are paid , return needs to be uploaded and acknowledgment printed ...it needs to be signed and sent to the department via speed post ...until receipt is obtained for acknowledgement , the return submitted will not be processed ! We show this all online ! Hope this process is clear! Spread knowledge , make it free , Peace , Amlan Dutta
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How to show exempt medical reimbursement in ITR|Chandan|AY 2018 19| Section 17(2)
 
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How to show exempt medical reimbursement in ITR? Project - #makeknowledgfree How to show Exempt medical reimbursement in ITR1 online ( Exempt medical reimbursement which has been done away with from AY2019-20 ( 15000 max based on receipts).Which section it comes under. Is it Section 10? Also how to show telephone allowance (In my form 16 , it is all clubbed as exempt under section 10 allowances )View Less LIKE Solution:- By Amlan Dutta (i)Medical Reimbursement - It is tax-Free Prerequisites under Section 17(2) till 15000 ...... If an amount higher than Rs.15,000 is incurred on the medical bills by the employee, the excess amount is added to the head salary of the employee at the time of ITR filing. ( Link - https://www.incometaxindia.gov.in/Charts%20%20Tables/List_of_benefits_available_to_a_salaried_person_Final.htm ) (ii) Telephone allowance - It must be telephone reimbursement ... Telephone Allowance enjoys no exemption and is fully taxable (Link - https://www.incometaxindia.gov.in/Charts%20%20Tables/Allowances_Available.htm . ) Most company accountants miss this point and show it under allowance head ...anyways, considering this as reimbursement also will come under tax free perquisite under section 17(2)
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How to show standard deduction in itr | AY 2019 20
 
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How to show salaried standard deduction in ITR 1 | AY 2019 20 Project - #makeknowledgefree Dear Amlan, Keep up the great work, I have a question regarding Deduction U/S 16, should we have to mention this amount of 40k in Exempted Income ( for reporting purpose ) previously we used to mention HRA, Medical and Transport allowances, from this year AY2019-2020 Medical and Transport allowances ... Solution: For AY 2019 20 , the way the return is built , you don't show standard deductions u/s 16(1a) under exempt income but show it under deductions column to take benefit of standard deductions to arrive at chargeable salary income ..
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