Hello dear children, look up, what is written on the top?
Form 10 IE, this is the topic of our discussion today.
What happens? Why does it happen? How does it happen? Why
does it happen?
We will discuss this with you in this clip and the trend is
changing a little.
This time instead of writing like this on the pad, I am
thinking of typing things in front of you.
You will also feel good to see. I will also have a little
typing practice.
So once there is a little noting related to Form 10 IE,
let's do it together.
I will type, you keep writing with you and then we will
understand those things.
And then we will continue to do what we have been doing.
After the conceptual discussion, we will take it to the
portal.
We will show you how to fill 10 IE on the portal.
If you have not seen the clip of ITRU, then be sure to go
and see.
You would feel that how much depth we take you to the
portal by doing analysis.
And then how to show you everything practically in detail
on the portal.
All those things are explained very beautifully.
So let's have a discussion related to Form 10 IE with you
first.
Come friends, let's go, come friends, let's go.
I have kept it here.
Writing pad, you don't need to sit.
The writing pad got angry.
He is saying that the time has come, the second technique
has come, so he put me aside.
No problem, when you will question, then I will need it.
Yes, then she will call you back, brother.
Now calm down for a while.
Now I will type from the laptop.
We will write in Form 10 IE.
It is an online form.
Sir, sir, sir, sir, we can't see.
Sir, I know before you, son.
I have said it for the first time.
Now slowly slowly brother.
I have to do this after a year.
I have to say son.
Now let's go, you guys are together.
The age is increasing slowly.
Children come to us of the same age.
Our age is increasing slowly.
So as an experience, I left for the first time today.
Stop for now, although I won't say it again.
But I will have to say it after a few years.
No problem, that will also be an experience of a good life.
I increased its size a little.
Take this, so friends.
Right, now we can see, sir.
Now we can see.
It is an online form.
Filed.
When the taxpayer.
Having.
Income from.
PGBP.
Wants to.
Opt for.
New tax regime.
Of.
Income tax.
Wants to opt for new tax regime.
Of income tax act.
The taxpayers.
Not having.
PGBP income.
Can simply select.
New tax regime.
Can simply select.
New tax regime.
In their ITR form only.
In their.
ITR form.
Only.
Keep writing, keep writing, keep writing, keep writing.
And also keep fighting with the problems and the hurdles of
the life.
Keep writing, keep fighting.
This is the ultimate crux of life.
Under new tax regime.
Lower tax rates are.
Available.
But.
Some deductions and.
Other tax benefits are taken away.
Are taken away.
So.
It depends on.
Client wise analysis.
That whether.
To opt for.
New tax regime or stay under.
Old tax regime or stay under old tax regime.
In ITR form.
Comma.
A 15 digit.
Acknowledgement number.
A 15 digit acknowledgement number.
Is mandatory to be entered.
To opt for.
For.
New tax regime to opt for new tax regime.
Such.
15 digit number.
Such 15 digit number.
Is available.
Only after filing.
Form 10 IE.
Only after filing form 10 IE.
So.
Comma.
Form 10 IE.
Has to be filed.
Before filing of ITR.
Has to be filed.
Before filing of ITR.
For.
New tax regime or stay under.
Old tax regime or stay under old tax regime.
.
Let's make it a little bit more beautiful
If anyone has not written it, then pause the video and
write it
Okay? Okay Sir
All these things will come in handy when the time comes,
they will practically fill the live
So it is necessary to make a little base
There should not be any such thing on the YouTube video that
Come, start straight and then this form 10 has come, this
is the button to press, this is the process, this is the
detail Someone will tell you that
What is the use of connecting with us?
That we will make a base first and then tell you
That thing will last for a long time
That would be worth it
Okay Sir
Okay It's not a big noting, just a little more left
Following contents are required to be entered
In form 10 IE
Following contents are required to be entered in form 10 IE
Name of the Assessee
Without PAN number, income tax people do not move
Address
Date of birth or date of incorporation
Nature of business
Details of 10 IE
Previously filed
Or declaration
Note this down
Spelling is correct
If the spelling is correct, everything will be fine
Name of the Assessee
PAN number
Address Date of birth or date of incorporation Birth in the
case of individual
Incorporation in the case of entity
Nature of business
Details of 10 IE
Previously filed
Declaration These are the basic details that have to be
filled up
Okay Sir Okay, so let's discuss what is written about it,
what is it, what is it, what is it, what is it, it is an
online form filed when the taxpayer having income from PGVP
wants to opt for new tax regime of Income Tax Act, friends,
there used to be only one tax regime in the Income Tax Act,
tax regime means how much tax will be imposed on which
income, how much tax will be imposed, there used to be a
slab rate, but a new tax regime has also been introduced,
which means one tax slab is
the other tax slab is different, the taxpayer who feels
good can choose it, sir, he will choose the same option in
which his tax is coming down, yes, this is what you have to
know, in which tax is coming down, if there is less tax in
the new tax regime, we will calculate it and see when it
comes to new, when to take old, when new, but if the new
tax regime of the Income Tax Act has less tax, then you
have to tell the government that we want to opt for a new
tax regime, our tax is less in it, we
to pay tax according to it, so the new tax regime you have
to select, it is selected through a form, a form is filled
whose name is 10IE, there is an online form on the Income
Tax Portal, what is the meaning of online form, go, log in,
fill in the details, fill and choose your option, there is
no such thing that you have to download a form like ITRU,
you have to download the utility, fill it, generate the
JSON and then upload it, no, no, everything is there on the
portal, complete online, fill
the details, fill 10IE, update everything, taxpayer having
income from PGVP, remember this thing, who is mandatory to
fill Form 10IE, the Assessor's PGVP income,
Profit and Gain from Business and Profession, there are 5
heads in the Income Tax Act,
Salary, House Property, PGVP, Capital Gain and other
sources, whose PGVP income, if he has to opt for a new tax
regime, then it is necessary to fill 10IE, if a taxpayer
does not have PGVP income, he wants to select a new tax
regime, then there is an option for him, he can select in
his ITRU form, he does not need to fill 10IE separately,
when he will fill his ITRU form, Assessor whose PGVP income
is not there, then when he will fill the ITRU form, the
option comes there, that brother, are you
a new tax regime, yes, then you can select there in the new
tax regime, under the new tax regime, lower tax rates are
available, but some deductions and other tax benefits are
taken away, friends, see there is no free fund in this
world, nothing is free of cost, you have to pay some
deductions, so if you come in the new tax regime, you want
to get less tax on you, you want to reduce your tax rates,
which are available in the new tax regime, then you get
deductions in the old tax regime and some
tax benefits have to be discarded, means like LIC, student
children fees, MADI claim, interest on housing loan, all
these have deductions, friends, you get them in the old tax
regime, there the tax rate is high, but in the new tax
regime, if the tax rate is low, then this deduction is also
taken away, so friends, which scheme is better for which
client, for whom the low tax will come in the old tax
regime, for whom the low tax will come in the new tax
regime, how will we know, so it depends on
wise analysis that whether to opt for new tax regime or
stay under the old tax regime, how will we know this, we
will have to do client to client analysis, friends, I will
also do some case studies, client to client, you will be
able to find out where the old tax regime is better, where
the new tax regime is better, where will you fill 10 IE,
where the new scheme will be better, then you should know
where the new scheme is better, if you do not know where
the new tax regime is better, will you
someone like this and fill form 10 IE, no, the client has
come to you, the client is saying that save tax as much as
possible, then you will say yes, let's compare your old and
new tax regime, where is the tax rate coming down, we will
select that option, so that comparison will be taught
to you, and whoever has a PGP income, tax better came in
the new tax regime, meaning less came out, if there is
benefit for that, then fill 10 IE, in ITR form, a 15-digit
acknowledgement number is mandatory to be entered to opt
for new tax regime, and in the form of ITR, whose
PGP income I am talking about, when you fill the ITR form
while having PGP income and want to opt for new tax regime,
then you have to enter a 15-digit acknowledgement number,
and from where that acknowledgement number is generated, by
filling form 10 IE, such 15-digit number is available only
after filing form 10 IE, so form 10 IE has to be filed
before filing of ITR, so if an associate having PGP income
wants to opt for new tax regime, he has to file 10 IE
before filing ITR, because in ITR,
have to enter the acknowledgement number of that form 10
IE, you have to enter that, yes sir, I understand what you
are saying, after that what are the contents that you have
to enter form 10 IE, it is a very basic form, I am saying
that it should not be called a form, it is a means of fun,
never get in a mood, do not feel like it, you are getting
bored sitting idle, then log in to income tax portal and
fill form 10 IE, do it, it is a matter of time pass, it is
not a very big concept, what are
basic details, put the name of the associate, put the pen
number, put the address, put the date of birth, put the
operation, put the nature of business, if you have filled
10 IE before, put that detail, and give the declaration,
what is the declaration for, I say it in full consciousness
that I want new tax regime,
I do not want old tax regime, you have to tick its
declaration, that's it, it is very simple, yes, but what is
there to learn in this, that we do old opt or new opt, we
will teach you in the next clip, through some case studies,
what is good for your client, old tax regime or new tax
regime, till then thank you, bye bye and take care.