Yes friends, how are you all?
Good, happy, fun, always stay outside.
Good morning, good evening, good afternoon, whoever is
watching me at this time, my heartiest greetings to them.
Friends, I am your friend C.A. Shrey Gupta.
Come sir, there are small things, but it is very important
to know, like calculation of advance tax, advance tax or
any other self-assessment tax, so how to pay for it?
That we are going to see today.
Any tax, small tax, advance tax, TDS, how are their
payments done?
We have to go online and see, understand, think, and do it
in actual.
Come and see, I didn't do anything.
First of all, I went to the portal of income tax, e-filing,
I went there.
After going there, I logged in.
See, I have logged in, it is coming from Shrey Gupta's name.
Here my mobile number is coming, my email id is coming,
details of my bank account are coming.
Sir, open it and tell me.
Why should I tell you?
Will you see my bank balance? 25 paise is there, do you
want it?
No, no, will you see my bank balance?
Useless, come here.
See, don't do anything, go to e-file, like we are doing
payment of tax.
For example, see payment of advance tax, how to do it?
We went to e-file, do you see e-pay tax here?
Pay tax electronically.
Come and see, I clicked on it.
Now see this, a portal is being shown to you.
There is a saved draft, a challenge has been generated, or
there is a history of payment.
See this, this is the detail of the challenge that has been
generated.
First of all, I will delete this.
Otherwise, I will get a notice for no reason.
I have received many such notices, friends.
An income tax officer calls me, and what does he say?
He says, you have generated the challenge, but you don't
pay.
Then I have to explain,
Masterji, I am a teacher, and I have to show these things
to explain to the students.
He doesn't listen to me.
He always calls me.
I always have a fight with him.
Come, let's check once, how to do payment.
You don't have to do anything.
Do you see the option of new payment?
Now go to new payment.
Now look at the details of the world.
He is talking about the payment of income tax.
Income tax, advance tax, self-assessment tax, like
self-assessment.
Sir, like your liability has come out, like ITR 1, there
our liability, for example, has come out of 1 lakh.
Okay.
Liability of 1 lakh has come out, and our TDS of 80,000
rupees has been deposited till now.
We still have 20,000 rupees.
Our tax liability of 20,000 rupees is still pending.
So, in that case, what will we have to do?
The tax payable will be of 20,000 rupees.
So, what will I do?
I will go here, to the point of self-assessment tax.
I will go and make payment in self-assessment tax.
Now let's see how to do this.
Like advance tax, this is self-assessment tax.
You don't have to do anything.
Here you have gone to the point of income tax.
You have proceeded it.
He is talking about new payment.
This is my PAN number.
You have selected the assessment year, 23-24.
And he is asking you, what type of payment do you want to
make?
Do you want to make advance tax payment?
Or you see, if you have a demand, if you have a penalty, if
you have an interest, do you want to make payment for that?
Or is it something else?
Is it a secondary adjustment of transfer pricing?
Do you want to do that?
What do you want?
I will say, the simple thing is that
I want to make advance tax payment.
Okay, sir.
Do you want to make advance tax payment?
Do it.
I am not doing anything.
I have selected the assessment year.
I have told that
I want to make advance tax payment.
I will not do anything.
I will continue.
I will put all my tax here.
For example, if my tax is 2,50,200, then I will put my tax
figure here.
Any problem?
No problem.
If there is a surcharge, suppose my surcharge is of 10%,
then I will put the surcharge figure.
If I have a cess,
I will put cess of 10,000.
I have put cess of 10,000.
I am putting all dummy entries.
There is nothing actual.
Suppose I have a penalty.
I have put a penalty of 100 rupees.
Okay.
What will I do now?
I will continue.
Now he will ask me, how do you want to make the payment?
Do you want to do it through net banking or through debit
card?
Or how?
Will you pay it on the bank counter?
What will the RTGS do?
I will say,
I will do net banking.
My hand is clean in net banking.
I will do net banking.
Okay.
Which bank do you want to do it from?
There is a list of all the banks.
If there is any other bank, then put its name.
Which bank should I put?
For example,
I have put the name of J&K Bank.
If your own bank comes here, then it is fine.
Otherwise, you can select from other banks.
Okay, sir.
We will continue further.
You have the details of the payment.
Assessment year has come.
Financial year has come.
Advance tax payment has come.
On the type of payment.
You are doing net banking.
You are doing it from a particular bank.
Your total amount has come.
Either pay it now or pay it later.
If you want to pay it now, then if you do this,
it will take you to the bank portal.
See this.
Okay, point.
Submit to the bank.
It will be submitted.
I am not doing it now.
It will be submitted for no reason.
But you have seen, if you submit it here, it will be paid
now.
It is not a big thing.
It is not a long or short thing.
You have to go on e-pay tax.
You are not doing anything.
You have to go on e-pay tax.
You have selected there that you have to submit the advance
tax payment.
And you have submitted it.
Okay.
These are the things, sir.
You can see.
Any problem?
See, I have generated two steps.
I will have to delete it.
Quickly.
I will do it.
Don't worry.
I will not let it come on me.
Today, friends, see what I have to bear because of you.
Income tax people send me the notice.
Come here once.
Let us see if we have to submit anything else.
Let us go to new payment and see.
See, a demand has come to you.
As I was telling you, when we were filling the details of
ITR 1, for example, you have shown a return of 40 lakhs.
You have told that your return is 40 lakhs.
That I have an income of 40 lakhs.
Your assessment has been done by going to next year.
When the assessment is done, we get to know that your
income is 41 lakhs.
Now, your tax will be paid separately on 41 lakhs.
You have deposited the tax on 40 lakhs.
You have deposited the tax online by filling the balance.
But, the government says, the income tax department says
that you have an income of 41 lakhs.
So, you have to pay extra tax on the extra income of 1 lakh.
They remove the demand.
It will reach your mail.
A demand notice will come that, Mr.
Gupta, this is your demand of 20-25 thousand rupees extra
tax.
You have to pay.
So, the demand payment will be done from here.
You don't have to do anything.
The same.
The DRN will come.
Put the details.
Do your work.
There is no problem.
Equalization levy is there.
The one I had read in the chapter of PGVP.
That payment is done from here.
See, there is a sale on property.
As we had read,
TDS on the sale of property is done from here.
See, how to do it.
You come to the
DRN.
You give your residential status.
The seller gives his address.
He gives his address.
You put your address here.
Ok Sir.
I will just draft and save.
I will continue the rest.
Then I continue here.
Then here is the seller details.
The one who sold the property of 50 lakhs above and this
person
You will get the details of the seller, the details of the
property and here you will get the details of the payment.
There is nothing in this. It is very simple.
Let's go back and see if there is anything else.
If there is a payment to the restaurant contractors,
professionals and there is TDS on it, how do you do this?
You will get the details of the payment and the details of
the deduction.
When did you make the payment?
How much is the TDS deducted?
How much is the payment?
When did you make the deduction?
Is there any interest?
After that, you will get the details of the payment and
make the payment.
It is very simple.
Let's see if there is anything pending.
If you have to make a payment for TDS, E-Pay Tax or any
other advance tax, it is very simple.
Go to New Payment and you will get all the details.
If there is any demand for TDS, you will get the details of
the payment.
If you have to make a payment for TDS, you will get the
details of the payment.
If you have to make a payment for fees, you will get the
details of the payment.
There is nothing complicated in this.
Let's stop here.
We discussed about E-Payment of the Taxes.
We discussed about how to make the payment.
Open the portal and go to the E-File option and click on
E-Pay Tax.
After E-Pay Tax, go to New Payment.
Select the type of payment you want to make.
Click on Pay.
You will get the details of TDS on Immovable Property.
Fill in the details of the property.
It will calculate the TDS and the interest.
Make the payment.
Thank you very much.