(ITR 1 )How to fill the return (ITR 1 )Workbook (In Hindi )(Income Tax return Filing )

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• published: 28 Jul 2013
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FILING RETURN FOR ASSESSMENT YEAR 2015 16 https://www.youtube.com/watch?v=ylFAYVoT78Q This tutorial explains how to fill the income tax return form 1 for filing return .Though it may look scary at start , it is actually a sweetheart with functions built to only make your life easy .Mention your income in the sheet which is called income sheet and it automatically calculates tax liability for you . Mention the tax deducted at source for your case on various income from salary and non salary and it will automatically let you know whether you have to pay more tax or receive refund or whether all things are done perfectly , Not only this every field has a sweet cute green color indicating that user has to fill this cells and if the field name is in red color like PAN ,Return type ,Name etc what this implies is that the green cell is mandatory to fill , All the white cells get filled by self and the pale yellow cells ,the ones which calculate the tax get filled by the sheet itself once you press the remote magic button 'Generate tax ' Not only this , each sheet inside the workbook -i.e income details sheet, TDS sheet , taxes paid and verification sheet have a validate button which lets the user know whether all mandatory fields are filled or not , If you observe closely the functions are also well defined , income details sheet- role is to calculate tax after user mentions income details TDS sheet - role is to check whether all taxes deducted at source from salary (schedule 1 ) and non salary (schedule 2 add to the taxes due from income sheet taxes paid and verification sheet - it lets the applicant know whether there is any difference between the taxes derived by the income sheet and the TDS schedules inside the TDS sheet .If there is positive difference ,then the applicant has to pay extra self assessed tax using challan 280 ,details of which he enters in TDS sheet under head "details of advance and self assessment tax " Now, TDS sheet total tax figures will be a sum of taxes deducted at source and taxes paid as self assessment tax ,summation of which will become tax payable derived from income details sheet , now , the taxes paid and verification sheet will show nil tax liability and it is now that applicant can generate xml of the filled excel file .The extended document contains the filed name and value in field value pairs in easy to look format and one can easily cross check the document against filled values in the form , if all filed values especially the email address and the assessment year for the self assessment tax are found to be proper , then he can go ahead , log in the income tax website and upload the return online , he will get a message that the return has been successfully submitted and a link to download the ITR V(acknowledgment ) will be there .He needs to sign it and send a hard copy to the Bangalore IT office ,instruction of which is at the bottom of the ITR V acknowledgement form ,mentioned precisely ...he needs to send by speed post only within 120 days , The IT office on receipt sends a e-acknowledgment on the email address the applicant mentioned in the income details sheet ,so one should be very careful while specifying the email address , The tutorial besides explaining how to fill the ITR 1 (Sahaj form)also helps explain the purpose of the sheets and the entire process ,so as to make the entire process more fruitful and practical, Humble regards , Amlan Dutta p.s live solved cases https://soundcloud.com/amlan-dutta-6/how-to-show-income-from-house-property-in-tax-return https://soundcloud.com/amlan-dutta-6/how-to-file-refund-return-for-fd-interest-deducted-tds-ay-2015-16 https://soundcloud.com/amlan-dutta-6/defective-notice-because-tds-credit-claimed-on-unoffered-income https://soundcloud.com/amlan-dutta-6/what-to-do-if-tax-credit-not-reflecting-in-26-as-tax-credit-statement https://soundcloud.com/amlan-dutta-6/how-to-select-tax-return https://soundcloud.com/amlan-dutta-6/how-to-fill-tax-relief-for-salary-arrears-under-section-89-in-tax-return https://soundcloud.com/amlan-dutta-6/how-to-fill-salary-income-in-tds-schedule-and-income-schedule https://soundcloud.com/amlan-dutta-6/how-to-break-up-tax-payment-while-doing-self-assesment-tax-using-challan-280 https://soundcloud.com/amlan-dutta-6/how-to-show-income-from-house-property-in-itr-1 https://soundcloud.com/amlan-dutta-6/where-do-i-take-home-loan-interest-before-possession-period-in-tax-return https://soundcloud.com/amlan-dutta-6/sets/cases-ka-idiot-box https://soundcloud.com/amlan-dutta-6/husband-wife-gift-treatment-and-clubbing-provisions https://soundcloud.com/amlan-dutta-6/treatment-of-doubly-taxed-income https://soundcloud.com/amlan-dutta-6/what-registrations-do-i-need-to-take-for-my-startup