14 most common mistakes to avoid when filing tax return | What happens if you miss filing tax return

[@MayankVerma19]

Etmoney is astonishing in creating content that we absolutely require.

[@ETMONEY]

Thank you for your kind words

[@rkn3383]

ET Money what a Wonderful channel. No hungama only superior content.

[@ETMONEY]

Thank you for your appreciation. Glad you are liking the content

[@sitachowkulkar7324]

Great info. Thank you ET money

[@ETMONEY]

Glad it was helpful!

[@jcf332211]

Great video. Could you also please confirm if we need to show interest from PPF in the ITR every year as exempt income or can we show it in ITR directly after maturity of 15 years?

[@saidhatrak8501]

U need to show it every year as exempt income. On maturity, only that year's income is required to be shown

[@anilshenoy5859]

Interest earned on PPF account has to be included under exempt income every year. If you don't declare interest as exempt income department may treat it as a taxable income since you have not claimed the exempt income and lead to unnecessary problems.

[@santanuchakraborty5779]

Is there any provision of showing exempt income at ITR-1. Plz show it as it will help many of us.

[@pratikbhatt2385]

Looking for more video on ITR... Thanks

[@srinisomala]

Very timely and excellent, thank you

[@ETMONEY]

Thank you very much

[@Dr.4bikram]

Thank you

[@ETMONEY]

You're most welcome

[@rajashekarreddy4912]

If possible show us how to file one sample return ??

[@mkoteeswaran6761]

Very useful and informative.

[@ETMONEY]

Thank you

[@covarghese4337]

Sir thank you for your excellent video on IT Return Filing.

[@ETMONEY]

Most welcome C O Varghese

[@Rushikeshhome]

It is a really knowledgeable video. Can you suggest what is the treatment for foreign income (through freelancing)? How the tax authority will consider this? A business income or an income from other sources?

[@ETMONEY]

Thank you Hrushikesh Khot. Sorry, no idea on that. You'll have to do some reading up on that or consult a tax advisor for the same. It is our understanding that these laws/rules can be a bit complicated with concepts like a double tax avoidance treaty etc.

[@Rushikeshhome]

@@ETMONEY Thank you for your reply, I'll search online for more details. But, I love your all videos. ♥️

[@Prime77712]

Good info thanks.. One query about interest from savings accounts if it's below 10000 is it mandatory to show in the itr if not mentioned any problem. Please suggest . Thanks in advance..

[@abhisheknayak4468]

All income is required to be disclosed whether taxable or not. So yes it is mandatory.

[@ADITYAYADAV-gx3kt]

GREAT VIDEO..THANK YOU VERY MUCH.

[@ETMONEY]

You are welcome!

[@sidvyas3081]

Hello Sir, This is a really helpful video. I have a question regarding the TAX filing and Audit. Can you please confirm how long or for how many years back an inquiry or Audit can be made for a personal income tax returns? Also, would like you to cover details (in another video) about how an NRI can file these taxes and what they can keep in mind.

[@ETMONEY]

Thank you Sid Vyas. Sorry, we have no idea on this. You'll need to do some reading up on this or consult a tax advisor.

[@sidvyas3081]

@@ETMONEY Appreciate you coming back. Thanks

[@biswanathpradhan7549]

Very useful

[@ETMONEY]

Thanks a lot

[@poojahindocha5617]

Sir,my ITR for fiscal year 2019-20 is still not processed. I raised grievances twice on new portal, but no response. I have not received any intimation notice either. Please guide what to do to get refund.

[@ETMONEY]

The income tax department has a helpdesk at www.incometaxindia.gov.in/Pages/Tax-helpline.aspx .. please see if that works.

[@gopalchari6750]

Thanks for explaining in detail. Please make another video explaining the important sections in IT

[@ETMONEY]

Thank you

[@sahilkamra5105]

Very Useful information Sir!! Can you please clear, how to get STCG & LTCG certificate from zerodha ?

[@ETMONEY]

Thank you for your appreciation. You can check with zerodha's customer support team.

[@AyushGupta-gg4cx]

Hello ET Money Team, First of all kudos to your efforts for creating such an valuable videos for us. Could you please create one dedicated video on How Expense Ratio is calculated and everything related to that in detail. It would be great for every ET Money valuable members. Thank you!

[@ETMONEY]

Thank you for your appreciation. We have an interesting video on expense ratio, you can watch that at: kzbin.info/www/bejne/h525ooibgMylidk

[@WorldgeopoliticsbyPrashant]

More than expense ratio. You must focus on many other things like Downside protection, risk taken to generate return and also the selling point

[@anantjain5349]

My STGS & LTGS from mutual funds are withen the exemptions (below 1lakh) should I fill ITR1 or ITR2? Income other than capital gains is less than 50Lakhs too.

[@prakashraghunathan2685]

Thank you sir for a good video

[@ETMONEY]

Most welcome. Glad it was useful, made it like a simple 1 min per point checklist

[@sheirshsaxena4228]

Hi, my younger brother doesn't have any income, he is a student(Not a minor- Above 18 years of age). If he sells some Stocks and earns some STCG, does he need to file an ITR since he does not have any taxable income?

[@shuvampargal4754]

yes he has to

[@sheirshsaxena4228]

@@shuvampargal4754 but wont he be tax exempt since he has 0 taxable income and just STCG which let us assume would be always below 2.5 lakh

[@ETMONEY]

Here's a related link: www.livemint.com/money/personal-finance/when-should-you-pay-income-tax-on-profits-made-in-stocks-11605847157845.html

[@anilshenoy5859]

Advisable to file returns.

[@shubhamaggarwal4434]

It depends on how he got money to buy the shares. If that money belonged to you then it is clubbed with your income. As far as I know.

[@chinnakamatam5857]

Only capital gains means which form?

[@indiebagpacker5455]

HI ET MONEY TEAM.... How and where one can find form 26AS..? Employer will provide or your stock broker?

[@ETMONEY]

Form 26AS can be downloaded: On the TRACES website Or via Net Banking Facility of authorized banks

[@m.a.shettar4786]

Sir, whether I can get IDCW capital gains statement from et money app?

[@ETMONEY]

Please try the capital gain statement on the app. It will just take a minute to give a capital gain statement request. That way you can verify if what you need is available or not.

[@rameshrithick5544]

Sir if the person is ex-servicemen he got pension now he is in central government employee how he file the itr return

[@natarajans7967]

Sir, I hv a question about using fd money on investment Senior citizens now. Planned to buy a 2nd house . So they used the spouse’s fixed deposit money for payment for the flat instalment based on which the property AOS is prepared. Non earnings spouse (fd) invested in a property. Both couples are tax payers since 30years. Fd details are shown for all past assessment years Will it creat any penalties?

[@rajavelr6972]

Useful video I came to know I need to file ITR2 , but iam reading if p/l statement less than 30 k go to ITR 2 can u clarify more

[@ETMONEY]

Hi Rajavel R - as there are multiple conditions at play (as you have seen in your case), it is preferred if you can research this for your case. Thanks for the appreciation, we are glad the content helped in identifying a potential mistake in the forms. Good luck!

[@explorerexposer9056]

Do u guide IT norms, filing of Returns etc on line? Sir please share details.

[@ETMONEY]

Sorry, we don't do that as we are not tax advisors.

[@Nilkamalsha75]

Great video. Can you please clarify tax treatment on investment on the name of parents by the way of mutual fund or stock?

[@SandeepTheVoice]

Your parents will be liable to pay tax on capital gains if any.

[@narenkumardahyabhaidesai5945]

I suggest you to make a video for the Income Tax Department for the arithmetical, silly mistakes and blunders in the NEW online tax filing portal that is some how cooked up by Infosys. I have lodged three GRIEVANVES but those have remained unattended, unanswered. I just hope that I will not get penalized by IT Authorities if I miss the deadline due to IT Department's inaction in the matter.

[@मंगेशमाळी-श5र]

Thank you again for such a insightful, informative, knowledgeable and enlightenment video. As usual you are spot on in the contents you deliver.❤️🆒 As you are aware that many people like me have started looking stock+MF as their second source of income (in a long run) by moving from traditional method of savings in FD, can you make a information video on ITR2 filling considering sell, profit & dividend from shares and MF ? As always sharing this video with all my friends and family......

[@ETMONEY]

You're very welcome. You are right - there will be a lot of scenarios like dividends, capital gains, what happens in case of bonus or splits, dividend/interest on REITs or InvITs, what happens in case of segregated portfolio, treatment of SGB sale in secondary market etc.

[@arulkumar4446]

Do we need to mention the interest received from ppf and sukanya samridhi scheme though it is EEE exempt

[@gpreddy6840]

Show them under Exempt income.

[@ranchordas007]

I have received some money from LIC policy do I need to mention it? and how to know if it is taxable?

[@shubhamsahu5075]

No that comes under 100% exempted category

[@sauravbarma]

🔥❤️ Please upload some more videos on ITR filing. Thanks

[@sujoy70]

Do we need to show interest earned on EPF (ER & EE both), under “exempted interest income” each year in ITR?

[@hardikmakhija5976]

Thanks for the video..Quite informative Can you please suggest which ITR form should be filled by those who earn stipend which is exceeding taxable limit and not salary and hence no Form 16.. Also how can we compute our Dividend income?

[@pushpendersharma673]

I have only 5k capital gains including some loss and considering the current ITR portal 2021. Can i avoid form 2 for this year?

[@vinodalbuquerque2488]

Informative Video: Sir which form for an individual derive Income source from neither Salary, Capital Gains nor Business, only from Fixed Deposit Interest.

[@NirmalKvinnov]

Is it possible to file ITR - 3 online?

[@SandeepTheVoice]

Of course! All ITR is done online!

[@amritrajk5312]

Thank you, sir. It was a wonderful presentation. I don't have income but MFs. Do I have to file ITR? Awaiting your reply. Thank you.

[@ashokbgutta5527]

Any guidence from ET Money for self ITfiling?

[@gbalakrishna9984]

How invest for 25 years in Direct mutual fund

[@ETMONEY]

Just invest. Use ETMONEY app.

[@saikumarmanchala4068]

If a person receives, reimbursement towards health insurance, under what category does he have to state such funds?

[@sajic9378]

I'm getting the following error while transmitting the return. Please help. The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.

[@SureshKumar-op5hz]

I have bought sovereign gold from sbi and I am government employee which form I have to file, please reply and in which head it will be included.

[@swadhin4you351]

How I can pay the lumpsum mutual fund by 'easy pay' option?

[@indiautube4915]

Hi Sir, 1.For cummulative FD if bank has deducted 10% Tax which shows in 26AS, how to claim it back 2.How to know amount of Advance tax to be paid on FD Interest as bank pays Interest in last week of March.I always have to pay Penalty and Interest under 234B, 234C

[@ajinkyapathare]

Hey, @ETMoney I checked my internship income for 2020-21 it was less than 2L. So should I file a tax return? I owe no taxes anyway!

[@aashish-goyal]

Hi, I am facing issue in ay20-21 itr processed. I filed futures loss in itr3, which is not considered while cpc processed my return and reduced my refund amount(received). Filed grievances, not resolved. Kindly guide.

[@santaaurbanta304]

How can I get taxation advice?

[@NAMBINRAJAN]

What if you don't pay the additional amount after filling if thr is any

[@julianomercy6162]

What to do when I entered a wrong aadhar no. In efilling ..because of that that I couldn't done my efilling ..

[@karthickc1988]

Bro I like your videos. Please Update a video with expert about The Intergovernmental Panel on Climate Change. 👍 It's high time nature first and others next 👍

[@shubhamsarkar6398]

Sir, I pay 0 tax because my net taxable income is less, so do I still need to file an ITR?

[@duderocks6483]

Does IT department credit refunds above Rs. 50000 by ECS or they send cheque?

[@bhardwazzsaab5324]

🔥

[@vineethkumar6169]

Im here because i cant even login to income tax portal from past 2 months and looks like most of people are facing this... But i didnt see anyone mentioning so in the comments sections... Is this happening just for me or someone else facing this issue,?

[@RupeshVetal]

Please add similar functionality on desktop site too.. only mobile app is available for etmoney

[@devenderkhare8453]

Hi sir I have 1 lakh with me and I want to do a lump-sum investment in 10 different mutual funds of equity market in 10k each of the funds for 1 year. So, my question is, let's say even if the fund performes worst at absolute 80% Will I get at 40-50k after 1 year of maturity??

[@commontoall2864]

I started mutual fund in et money using my account details,is there any possibility to transfer that to my daughter account who is minor,because now I got job in UAE,so shall I continue or can I shift my investment to my daughter's account

[@commontoall2864]

I am using et money app for investing my mutual funds,I got the income tax of 1800 rs ,so how to pay that amount,is there any easy way

[@sheetalkumar8588]

In addition to my salary income, I received Rs. 360/- dividend from my stock. Do I need to necessarily pay tax on this amount. I am into 20% bracket.

[@simran310i]

First 1 lakh is free

[@sonukurien]

@@simran310i dividend is never free . Its only for selling stock

[@gpreddy6840]

Add dividend as income from other source and pay tax.

[@arpitgoel3061]

Missed e verification

[@SureshKumar-su7nt]

Why not in hindi?

[@ETMONEY]

हमने हाल ही में हिंदी KZbin channel शुरू किया है। कृपया लिंक पर क्लिक करें और हमारे हिंदी चैनल को subscribe करना न भूलें kzbin.info/door/zWtyDo9KmEC1JoAqa1LIEwvideos

[@kcmv14]

Can I get tax refund of last 2-3 years ? I have done tax saving investments properly but still around 20k to 25k was deducted as tax every year ... I don't have taxation knowledge but will hire one CA just to get my last 2-3 tax return ... This is sad In this digital world why do we need assessment why can't we do tax filing the same year

[@SandeepTheVoice]

If the tax filing period is time barred, you can't file returns and get your refund. Also just because you do tax saving investment, it does not mean you don't have to pay a single rupee of tax. It depends on your income.

[@kcmv14]

@@SandeepTheVoice when 1st time my tax had got deducted in 2019 that time my pay was 5.5 ... Excluding 0-2.5 and 1.5 + 40k Std deduction I was taxed only on 1.5 only at 10% i guess ... But Still 25k in 2019 was cut and Even now in 2020 At one point when u switched company my company told to fill form 16 which I think the company gives me and I don't have to fill and give to them ... btw I had home loan running just FYI ... BUT STILL TAX HOT CUT Financial literacy is very necessary yaar seriously

[@nilstoned7593]

Hagne pe bhi tax laga do govt

[@ahesanaliasamdi7949]

Ab hum Soch rahe is pe, jisse bahut tax collection Hoga. 😀😀😀

[@nikhilmohati1970]

INCOME TAX IS WORSE THEN INFLATION