5 Changes in Income Tax Law wef Sept 1, 2019 | Section 194N | 194M | 194IA | 194DA |285BA| Taxpundit

[@kuldipvgabani]

Just amazing sir thank you 🙏🙏🙏

[@santoshsabharwal9029]

Very many thanks Ltd was very informative thanks.

[@skgurjar7477]

Very nice and apt information ! Thanks a lot !!!

[@rahultiwari9047]

Govt wants to recover all debt by making hole in our pockets

[@rams5474]

Thanks for very clear explanation and awareness to general public for the effective changes of TDS applicable from 01.09.2019.

[@TaxPundit]

Welcome

[@jethi8305]

Very well explained brother.

[@TaxPundit]

Thanks bro. Keep watching and sharing.

[@subramaniyanp4328]

You are doing super service sir. Viewers query is also replied promptly, that is the highlight of your channel. Keep it up sir !

[@TaxPundit]

Thanks for the appreciation. Stay tuned for more videos.

[@CA_Pradeep_Jain]

Sir... Very nice explanation but just want to bring to your notice one point... In description for point 2 sec 194IA is wrongly written as 194DA

[@khushboomehta3077]

Superb video 👍

[@shyamalkumarganguly4997]

Very informative and elaborative explanation. Thanks.

[@TaxPundit]

Welcome

[@advocateprodyutmaity007]

Excellent explain sir, I am your first viewer. Keep update us.

[@TaxPundit]

Thank you and welcome to the family. Stay tuned for more videos.

[@amitdeshpande9322]

Nice explanation!!!

[@TaxPundit]

Thanks

[@Krishvitheangel]

very informative video, please upload these types of video as it is very helpful to those people who has no time for detailed reading

[@TaxPundit]

Thanks for appreciation. Pls visit our channel for more videos. kzbin.info/door/2uo2J4qK2T8nLXIJBCZSBw We regularly upload videos. Stay tuned.

[@ypyadav4595]

Dear Sir, tds from lic, this should not from age 60 and above. Pl clarify ..regards

[@TaxPundit]

According to Section 194DA, if the maturity proceeds exceeds 1 lakh TDS is applicable except payments covered u/s 10(10D).

[@Shankar-H]

Very good useful information given in a structured way ..thanks a lot

[@TaxPundit]

Thanks for the kind words. Stay tuned for more videos.

[@anilsarma885]

OK. I got the point.

[@TaxPundit]

Welcome

[@kiritkumardaiya9501]

Very nice and important information. Thank you, Sir.

[@TaxPundit]

Welcome

[@SunilSharma-ub1vv]

If a person/firm withdraw more than 1.0 Cr in a FY from more than 2 accounts maintained in two or more bank.. How the TDS will be deducted

[@TaxPundit]

It is per bank per account

[@shyamgarg6562]

Tds kato tijori bharo vapas dena ya na dena apani maraji? No rules or penalty for delay in refund. Market ka bhatta baithhao baithha to diya hai sab money tijaori me dalo bas, bajar me nahi.

[@innusshaikh7564]

Very nice information Sir....

[@TaxPundit]

Thanks

[@shubheshshrivastva3773]

Nice

[@TaxPundit]

Thanks

[@ziaulhaji2687]

Good work sir...nice video

[@TaxPundit]

Thanks. Stay tuned for more videos.

[@m.rbadlani7492]

Tax Pundit u

[@dhrubanandabarik1638]

Bahuti Achha

[@TaxPundit]

Thanks

[@thakurdassaha6973]

Most useful video. Thanks Sir.

[@TaxPundit]

Welcome

[@hamendraify]

Government babus always looking soft targets.

[@mangeram6384]

Sir pls make video on salary and agriculture income

[@TaxPundit]

Let us know what exactly you want in video?

[@sanjaykumar-wj9fk]

Nice explained sir thanks

[@TaxPundit]

Welcome

[@sheelkumar6088]

Good

[@TaxPundit]

Thanks

[@mrsingh6366]

Income tax ke liye Jo document hum provide karte hai CA ke paas jaise rent income ka proof , I mean rent agreement , salary slip , wo sirf CA ke dekhne ke liye hota hai ya usko upload bhi kiya jata hai government ko show karne ke liye . ek CA se mei mila wo sirf mere dikhane ke liye aapko dikhana hoga . taki mei income dekh saku . waise itr ke liye compulsory document nahi hai . ismei kya sach hai . please bataiye sir

[@mamtachopra2483]

Cheque’s se payment kar sakte hain

[@harishbabutta5321]

Thanks

[@TaxPundit]

Welcome

[@amoljande]

Very nice

[@TaxPundit]

Thanks

[@rudrachatterjee2614]

Dear sir, In section 44AD of income tax act a small businessman can declare 6% of his total turnover as profit and pay tax on that if all his transactions are digital. What if a person for eg has a turnover of say 1 cr and his profit in the FY is 50 lakhs which is 50% of his turnover. Now he files his return under 44ad and decides to declare 6% which is 6 lakhs as his profit and pay applicable tax on that. Then won't he come under scrutiny of the income tax dept? Let's say he doesn't get any notice from the department. Then won't it be legal tax theft and the rest 44 lakhs of his profit shall be called as black money?

[@TaxPundit]

It is not mandatory to adopt 44AD. You can maintain your books of accounts and declare 50% profit and pay tax accordingly. 44AD is for small businessmen.

[@rudrachatterjee2614]

Thank you sir

[@TaxPundit]

Welcome

[@nasiralidharani7247]

Hello 194N pan card se count hoga ya bank se Means alag alag bank me account hay to kya hoga ?

[@TaxPundit]

Bank se count hoga

[@nasiralidharani7247]

@@TaxPundit thank u sir Very confusing because cbdt last press release 'one or more accounts maintained with it by the recipient' One or means (one bank count saving, current and cc account) Onther meaning all bank account

[@TaxPundit]

Welcome

[@mohanmakkar9607]

Nice vedeo...very valuable

[@TaxPundit]

Thanks

[@himanshusojitra]

Thank you very much for valuable information

[@TaxPundit]

Yes

[@mohd.shakeel9403]

Very informative, thanks a lot

[@TaxPundit]

Welcome

[@amit2158]

वाह गुरु

[@TaxPundit]

Thanks

[@rangareddy9570]

Thanks Sir.

[@TaxPundit]

Welcome

[@manojkalra2824]

VERY NICE SIR

[@TaxPundit]

Welcome

[@sandipanitripathy5074]

SIR, please help me..i have a savings account...i withdrawals 2 crore money by atm card through ATM, ya MICRO ATM, is par 2% tds cut hoga????

[@pradeepkumarsahu3256]

sar mara tds 40.000 kat raha but return file kaliya mila ya nahi ..ans sar

[@TaxPundit]

No clarity in question. Pls explain.

[@pradeepkumarsahu3256]

@@TaxPundit sar mara with drw 3cor horaha mara tds 40000 kat raha oooo apas mila ya nahi mila

[@pradeepkumarsahu3256]

pls sar ans

[@prakashjha3388]

I have SBI life insurance but premium pay date is on 08-APR-2019, Can I declare in 19-20 under section 80 D while revising my tax,Thanks!

[@nayandey2644]

Thank you Sir, for the update

[@TaxPundit]

Welcome

[@voiceofspirituality5807]

Contractor ko.jo payment karenge wo 5 ko milake 5o lakh ho tab kya karenge

[@TaxPundit]

Tab applicable nahi hoga. Agar ek vyakti ko aap 50 lakh se jyada ka contract dete hai tab TDS kaatna hoga.

[@voiceofspirituality5807]

@@TaxPundit ok thank you

[@TaxPundit]

Welcome

[@rahultiwari9047]

Sir,its humble request pls also confirm that do common man have right to live with pride with his family or should die like farmers.

[@TaxPundit]

Yes. I confirm that common men do have right to live with pride and dignity with their families but they should also understand that taxes are part of every civilised society and must pay them honestly.

[@anooptewari3388]

Sir, please explain to what extent Modi govt making hard to live of a common man. thank you

[@rashidsawand2755]

Sir Online transaction karte hai un par tds lagega

[@TaxPundit]

Sir, video me explain kiya hai ki kis par TDS katega aur kis par nahi. Video dhyan se ek baar punah dekhiye.

[@AjeetYadav-nw7fc]

Sir kya ye bank kiosk pe bhi lagu hoga

[@veereshasb7854]

Sir, My total income is below one lakh. Bank has deducted 1300rs TDS on my FD( many years saved amount). Now do I file ITR? Or is there any problem if I do not file ITR?

[@TaxPundit]

If you file your Return you will get back TDS of Rs. 1300. If you do not file you will never receive it.

[@veereshasb7854]

@@TaxPundit Thanks Sir for your reply. I do want to want to claim (refund) TDS 1300 RS then is there any problem?

[@TaxPundit]

No problem. Since your income is below taxable limit you can still file your return without any penalty and claim refund for Asstt Year 2019-20. Good luck.

[@veereshasb7854]

@@TaxPundit thank you very much Sir.

[@TaxPundit]

Welcome

[@alokmittal6232]

कृप्या 1करोड़ से अधिक की निकासी पर 2% टीडीएस के बारे में विस्तृत जानकारी देने की कृपा करें। यह प्रति बैंक खाता होगा या सभी खाते मिलकर होगा।

[@TaxPundit]

एक बैंक में आपके जितने भी खाते है उसके अनुसार कटेगा।

[@er.soorajverma6890]

Sir , mai ek student hu. (Individual) Mai kewal online transfer krta hu apne ek bank account se apne dusre bank account me by IMPS or NEFT or paytm or Upi. Aur iss tarah mera online transaction 50 lakh ke paar chala jata hai to kya 190M isme lagu hoga... Q ki mai to kewal paise apne hi account me transfer krta hu. Pleade reply in detail.

[@TaxPundit]

Section 194M ke anusaar agar aap ek hi vyakti ko ek saal me 50 lakh se jyada ka payment contract, fees, commission ya brokerage ka karte hai to applicable hota hai.

[@er.soorajverma6890]

@@TaxPundit to sir mai apne hi ac me krta hu kisi aur ko nhi. To kya Tds kt skta h.?

[@anilsarma885]

I have retired from job.I donot have pension income.I receive interest income from FD amounting to Rs.500000/- as income from other sources. Whether I can submit ITR- 1 in my case.

[@TaxPundit]

Yes you can but we would advise to watch this video to understand who is eligible for ITR 1 form : kzbin.info/www/bejne/i3q5oIqmn5JkpKs

[@anilsarma885]

Thank you sir.

[@TaxPundit]

Welcome

[@sanjaychikte1076]

Sir,1} U / S 194 DA is there any amount limit not to deduct TDs ? 2} what's about Survival Benefit received in Single premium policy ? Thanks. Very informative video.

[@TaxPundit]

1. There is no limit. If it is taxable TDS will be deducted. 2. The maturity proceeds from the single premium life insurance policy will be tax-free only if the minimum sum assured throughout the policy term remains at least 10 times the single premium paid. If not then taxable and TDS will be deducted.

[@sanjaychikte1076]

Sir, U/S 194 DA-Whats about Single premium Money Back policy Survival Benefit received but policy is not matured ? How income tax calculation will be done ?

[@goldenboyhasan1928]

Sir,Mai ek AEPS shop chalata hoon..,to mere bhai ki account me(Commission ki khatir) daily 15000 IMPS transfer karta hoon aur uske baad AEPS se withdraw kar leta hoon....to TDS katega kya??? (Please reply Sirji...)

[@TaxPundit]

Tds is applicable if cash withdrawal is more than Rs. 1 crore in a year

[@goldenboyhasan1928]

Agar withdrawal limit 1 crore...na ho to koi dhikkat nahin ayega kya??

[@TaxPundit]

TDS nahi katega.

[@gauravgupta8094]

Sir, i am in great trouble help me Sir jaise market me banking kiosk hote ha jo paise bejte ha aur commission lete ha vaise hi mene paise bej diye bahut se logo ke aur commission le liya 15 rupees per 10000 rupees Pe paise mere bank account me deposit kar deta tha aur unko imps kar deta tha, mere pas koi licence nai ha Aesa karte-karte mere account me 15 lac deposit ho gaye saving account me AY 2019-20 me Sir ab me kya karu kuch samaj nai aa raha, bahut logo ke paise beje jo sare bihar se belong karte the, me un logo ko nai janta, me 15-20 rupees leta tha isliye vo mere pas aate the normally market me 200 rupees lete ha per 10000 bejne ke, help me sir Pls sir help me

[@s.p.9735]

Very informative video sir..,👌👍 Make video on tax calculation on salary in arrears ,form 10 E and ways to save tax on arrears .

[@TaxPundit]

Thanks for suggestion and appreciation. We will work on it.

[@buntysharma685]

@@TaxPundit sir Kya 10 lakh ki fd karane par bank tax department ko inform Kar deta Hai Kya

[@ajitchaudhary2227]

Sir post ofice me MIS ke interest per tds ya income tax me file me show karna padega

[@TaxPundit]

MIS ke interest par TDS nahi katta hai lekin yeh interest taxable hai aur aapko ITR me dikhana hoga.

[@ajitchaudhary2227]

@@TaxPundit ok sir thank you very much

[@TaxPundit]

Welcome

[@pooransing7944]

Sarji Mane apna makan bechkar 18 Lakh Rupya benk main dala tha kyoki mujpar karj tha ishliye bo sab rupya mene benk se nikalkar apna sara karj chuka diya ab mere pass ak bhi rupya nahi h aur ishi Bech Main Aaykar balo ne mere pass notes bheja diya h mujko kya karna chaiye

[@TaxPundit]

Jo ghar aapne becha hai us par capital gain tax lagta hai. Ye dono video dekhiye : kzbin.info/www/bejne/hXzdpottp8Znf9U kzbin.info/www/bejne/Z4O2ipuQnpJqbqs

[@DLP11111]

Hi .. a stock market trader making profit 10L n above a year from F&O. How can he save taxes? Please make a dedicated video thanks

[@mithukumarward04]

Sarkar ko kiya tikt hii

[@ghatwariasarts9167]

Good afternoon sir ji I send money from my wife account to my account.I want to know whether it would be count as my income or not.pls reply.Thanks

[@TaxPundit]

No Sir

[@dineshjaiswal84]

31agust tak2 corore nikal lie tab kya hoga

[@TaxPundit]

Aage se jo bhi nikaloge us par tds katega

[@dineshjaiswal84]

Thank u sir

[@TaxPundit]

Welcome

[@harjindersingh-zb2st]

Tir file Karen ki last 31 September thi ab late fee lage gi

[@TaxPundit]

If your income is below taxable limit you can still file ITR without any late fee. Otherwise Yes.

[@amoljande]

Sir my query is that please tell minimum payment limit to cut tds

[@TaxPundit]

Under which section?

[@shobhagupta1519]

Sir 2%tds vale me jo white label atm holder h vo kya kre

[@TaxPundit]

Agar 1 crore se jyada withdrawal hoga to TDS katega

[@shobhagupta1519]

Lekin sir jo atm me pse dalte h unki transaction to month me h 20-40 lac ho jati h....isme koi examption nahi j kya

[@arvindsingh758]

सर,, मैं ये जनता हूं कि एक वित्तिय वर्ष में हम कितने रुपये तक का व्यवहारिक लेन देन कर सकते हैं। जैसे मेरी आय तीन लाख वार्षिक हो और उसके बाद किसी दूसरे पड़ोसी रिश्तेदारों से पैसे मंगाकर निकालने कितने रुपये तक के ट्रांजेक्शन हो सकते हैं?

[@TaxPundit]

ट्रांजेक्शन की कोई लिमिट नही है। आपके पास उन सबका उचित जवाब प्रूफ के साथ जरूर होना चाहिए।

[@arvindsingh758]

Thank u Sir

[@TaxPundit]

Welcome

[@nazimservicepoint8207]

Kya Mai kisi ke account me 1 year me 1 cror se jayda karunga to usme bhi tsd jatega

[@shyamsunderprasad4588]

Lic ka payment koi exapal de kar samchaye samacha me Nahi aya

[@TaxPundit]

If premium amount is more than 10% of sum assured, it is taxable at the time of maturity. आप वीडियो को एक दो बार और देखिए। अवश्य समझ मे आएगा।

[@danushdinesh7290]

hello sir actually my father worked in chennai customs dept and expired .i am applied for compassionate appointment but it was rejected on behalf of receiving terminal benefits 4,50,000 and above for group c posts.then i enquired in accounts dept they have given a copy 3,43,000 only received. but they have rejected again saying 6,42,000 as terminal benefits (including gpf amount). So my question is whether GPF comes under death terminal benefits or not? if not then i need a circular or proof sir very urgent please reply sir.

[@hamidraza5228]

1 aprile 2019 se till date tak 1 crore 5 lacs ho gya hai sir to aaj 5 lacs ka mera tds kat jayega ya fir aaj se cash transaction hoga uska tds katega

[@TaxPundit]

CBDT in a press release clarified it as under :- "If a person has already withdrawn Rs. 1 crore or more in cash upto 31st August, 2019 from one or more accounts maintained with a banking company or a cooperative bank or a post office, the two per cent TDS shall apply on all subsequent cash withdrawals."

[@TaxPundit]

Aaj aapka TDS nahi katega lekin aaj ke baad jo bhi aap withdraw karenge us par katna shuru ho jayega.

[@hamidraza5228]

Shukriya sir

[@TaxPundit]

Welcome

[@hamidraza5228]

@@TaxPundit limit exceed mana jaya ga ya nhi

[@gurmeetsinghbhalla1997]

Sir i cant file itr on last day as per norms.my income nt taxble and i fiel my return as nill please tell me hw much fine i hv to pay and whn i can file my itr.thanks.

[@SARANYA_99]

U hv to pay 1000 as fine and can file return

[@rajnikantgolatkar1363]

राज कायदे का या फतवा का?

[@ujjalbasu2133]

Respected sir, give me a suggestion, that how can i give zero income tax,being a senior citizen, having an income of rs.7lakhs including pension&fd interest,1.5 lakh ppf investment,rs.12000/- mediclaim.

[@shivendrasingh7929]

Sir, I want to know whether capital gain tax on a sell of residential house which is inherited from father after his death is exempted ?????

[@TaxPundit]

No...Not at all. It is taxable.

[@rekhasrivastava8263]

You are a good teacher.please saral aor kar dà

[@TaxPundit]

Thanks

[@padmashinhnaiknaware3427]

Sir Mye aeps chalata hu.to 1000000ke aage withdrawal par tds kat jayega.

[@TaxPundit]

1 Crore se jyada ke cash withdrawal pe TDS katega.

[@padmashinhnaiknaware3427]

@@TaxPundit thanks Sir

[@TaxPundit]

Welcome

[@talentofindia3587]

Sir koi agar AEPS CHALATA HO. Tho???

[@joshi.gopal55joshi28]

25-30साल पुराने सवणॅ जाति को वरिष्ठ ता का लाभ दिला सकता है।जिन्हें कनिष्ठ कर दिया है।गोपाल सबरूप जोशी इलाहाबाद सत्य जीबन का आधार है ।जयहिन्द

[@raghunathachrekar1736]

Sir If an individual gets form 16 from two employers then how to show in income tax return Pl reply With regard

[@TaxPundit]

You have to show salary from both employers and recalculate all deductions and allowances.

[@NaveenKumar-pv9xo]

Sir last main jis section ka jikr aapne kiya hai us say aam tax payers pravawit ho saktay hai.

[@TaxPundit]

Jee

[@MohdIrfan-ss1te]

Videsh se paisa bhejane par bhi tax lagega

[@jkfloray]

Please make one more video including answers to the doubts raised in this one. For God's sake speak slower, not like a newsreader. You are educating people, speak like a teacher. See your viewership grow after this.

[@TaxPundit]

Thanks for the advise. Yes, I do agree that time and again I speak fast and sometimes it becomes difficult to undestand by a non native hindi speaker. But believe me, I am working on it seriously to reduce the pace and may be in future videos you will find the difference. Thanks once again.

[@swarnalathalatha1958]

Only employees and small income people are targeted always. How these political leaders and big big business people are escaping from all these things? Are they paying taxes? If these two categories pay the taxes, people those who are getting income up to 20- 30 lakhs need not pay the tax.

[@sdasam7]

Can you please create videos in English as well

[@jethi8305]

Politicians want to squeeze general public because general public is not organized, and easy target.

[@mamtachopra2483]

Section 269 SU

[@kbanerjee4349]

If TDS deduct 5% on maturity value of LIC then Gov. will be cheating with public by Sec 194DA. Why LIC will be deducted this amount if the person was not liable to pay Tax and they never submit TDS certificate to Customer for this deduction. IF any public is liable to pay tax they will fill ITR. if it is happen then I will personally said all of others that never invest into any LIC.

[@TaxPundit]

If the person is not liable to pay tax the TDS amount will be refunded alongwith interest u/s 244A.

[@shivnathkapoor9974]

Io@@TaxPunditthe

[@shivnathkapoor9974]

The 9th

[@balurammali9038]

केस गिफ्ट मेआयकर छूट का क्या पारवधान

[@TaxPundit]

यह वीडियो देखिए। kzbin.info/www/bejne/bXy4Z4uhm5pmrJI

[@anilsarma885]

Sir, I have a PMBBY and receiveing Rs.10000pm whether I can show the said amt. as pension in my tax return.If so whether I can claim standard deduction?

[@TaxPundit]

Full form og PMBBY please?

[@anilsarma885]

@@TaxPundit sorry,PMVVY i.e.prime minister vyay vandana yojana

[@TaxPundit]

Is there any TDS deducted? If yes under which section? Ideally this should be taxed under the head Income from Other Sources and not under the head Salary. Thus no standard deduction.

[@AjayKumar-qd6pw]

Imp update about i.tax wef sept19. Thnk u so much.

[@TaxPundit]

Welcome

[@shahidkureshi5744]

Sar aap k prasnal m.n duo na

[@ramharsh1698]

I heard the new vdo about income tax There is no remedy for tax payer How the develoment increade peoples ha ve no earnings but taxes are increasing Govgt should open the all ooficds and industry if any body is overuling the gorakhpur order they should be penalosedRam

[@bhawnapuri8429]

OMG.To much..Pahale bataya jata tha GST Ke bad ek tax..Ab pata chal raha hai ..

[@golusingh62]

Sir Bc Merchant ka bi tds katga

[@psaha1957]

Kul milake janta ki gala ghutdo.

[@ajtmohim]

AEPS CHALANE WALA KYA KAREGA HAMLOG JO BANK SE CASE NIKALTE HAIN WO TO SAHI ME CUSTOMER KA HOTA HAI HAMLOG KA PAISA TDS KATNE KE BAAD BANK ME COMPONY CREDIT KARTI HAI AEPS CHALANE WALE KE LIYE KOI CHHUT NAHI HAI KYA MERA PERSONAL CURRENT ACCOUNT HAI

[@TaxPundit]

Withdrawal agar 1 crore se jyada hoga to hi TDS katega. Aisa nahi hai ki yah paisa aapka permanent chala jayega kyuki TDS ki credit aap ITR me le sakte hai.

[@mohammedjunaid3409]

haar cheez mein tax tax tax where the hell common man go.. chalo tax lerahe ho toh kuch toh develop karo country ku o bhi nahi we pay to increase politician swiss accounts amounts

[@rajumata4529]

1 cr withdrawal Kar rahe ho to tax send mein Kya problem hai crorepati se hi to tax le rahe hai aam aadmi se nahi

[@nimmo1955]

jab sarkar hi luteri ho jaye to kya kiya ja skta hai .cheque handling ke bhi paise lenge,statement dene ke bhi paise Auror na Jane Kya kya? dena kuchh mat JIS ke pass Paisa dikhata hai chheen lo.Galat attitude hai.ye main likh Rahi Hoon jisne hamesha longon KO income tax Dene ke liye prerit Kiya hai.aaj se 25 sal pahle se.choron kar itna Paisa mil Raha hai voice Kahan jata hai .

[@Shank1qq]

Avnammun aa soole munde est tax hakthalo

[@mamtachopra2483]

Reply