After pre-filling the data, after downloading and
pre-filling the data from Income Tax, and after importing
it here, how do we move forward in the utility?
Let's see.
Let's start.
See, from the pre-filled data, we got the name, last name,
PAN number, address, status, individual, road, street,
area, locality, date of birth, town, city, district, state,
country, PIN code, all these details are here,
ID, mobile number, Aadhaar number, we didn't even put the
Aadhaar number.
You might remember, we didn't ask for the Aadhaar number
anywhere.
When we registered on the Income Tax website, we put the
PAN number, mobile number, address, and after that, through
OTP, we verified it and finished it.
And from there, we downloaded the pre-filled data and
imported it here.
Sir, where did this Aadhaar number come from?
PAN and Aadhaar are linked, so it's not just a link.
Is PAN and Aadhaar linking done by the public?
As soon as you put the PAN detail, they themselves removed
the Aadhaar detail because PAN and Aadhaar are linked.
So put PAN on the Income Tax Portal,
Aadhaar automatically removes it.
From there, you come and import the pre-filled data, so
Aadhaar number is also shown here.
After that, there is no need to put
Aadhaar enrollment ID.
Next option is nature of employment.
You are an employee of the central government, you are a
pensioner of the PSU of the state government, you are the
pensioner or others.
What does others mean?
You are doing your own job.
These two things are either business or job.
So, if you have a government job of the central state
government, select that.
If you are a pensioner, select that.
If you are doing your own job, then which option will you
select?
You will select the others option here, my dear friends.
Okay sir ?
There are two options, filed under section and filed in
response to notice under.
So friends, filed in response to notice under section, this
will only happen when you get a notice from the income tax
department.
And the section in which the notice came, under that
section, you send your income tax return to the government.
This case will be applicable then, friends.
Now you will do filed under section in this.
And here we will take 1398A
As soon as you click on the green box below the filed under
section,
A small arrow comes in the corner just below the green box.
Then if you click on that arrow, there are many options.
The first option is 1391 on or before due date.
Then there is 1394 after due date.
That is, if you are filling before time, then 1391.
You are filling the belated return after due date.
Belated return means you have time till December 21-22.
So you will take 1394.
If you are revising the filled return, then 1395.
After condonation of delay, the return was late.
You applied, the commissioner accepted.
After that, if you are filling the return, then here.
And if you are filling ITRU, then its section I told you in
the conceptual discussion.
1398A, you have to take the last option.
1398A, you have to select 1398A, the last option.
Okay, sir. Okay, done.
Sorry.
If revised defective, then enter receipt number, date of
filing, original return, etc.
When do you want to put the next details?
These details.
You have to put these details when you are filling a
revised return.
So we are not filling a revised return, so we will leave
these details.
The next option is, have you opted for new tax regime under
section 115BAC and file form 10IE in assessment year
2021-22?
We have two tax labs, an old tax lab and a new tax lab.
What is in the old tax lab?
The rates are a little high, but you get deductions of LIC,
interest on home loan, medical insurance premium,
preventive health checkup, interest on saving bank account.
You get all those deductions from the income.
Then tax is imposed.
The tax rate is a little high, but in the new tax regime,
the tax rate is a little weak, but there are no deductions.
The tax rate is not higher, it is lower, but there are no
deductions in return.
So you have to compare client to client.
Which option is right for which client?
Which old tax regime is right for whom?
Which new tax regime is right for whom?
The client we are showing you now, the old tax regime is
right for them.
They have deductions that they have to claim.
Accordingly, their tax liability is less in your old tax
regime.
That's why this option is written.
Have you opted for a new tax regime?
We will say no to this.
We don't want a new tax regime.
We will say no to this, my dear friends.
Then it will ask option for current assessment year.
Here you will click on the green box.
A small arrow will come on the side.
See, it is written option for current assessment year.
Click on the green box on the right side.
A small arrow will come on it.
If you click on it, then two options will come.
Opting in now, not opting.
We have to click on not opting.
Because we are not opting for the option of the new scheme.
We will click on not opting.
If we click on opting, then we have to fill a Form 10 IE.
Listen carefully.
If we select a new tax regime, then we have to fill a Form
10 IE.
My dear friends, we have to fill a Form 10 IE.
After filling that 10 IE, we come here and say yes.
After saying yes, you have to enter the date of filing,
Form 10 IE, Acknowledgement Number.
You have to enter all these details.
We are doing a separate discussion of Form 10 IE with you.
Its clips are different.
You can go there and see.
That's why we will put no here.
We will put not opting.
As soon as you do not opt, the date of filing of Form 10 IE
and the option of Acknowledgement Number will freeze.
A green box will appear.
That means you do not need to fill it.
The need to fill will be over.
All the needs will be over.
The next option is to fill the green boxes that are
mandatory.
Whether this return is being filed by a representative ASSI.
There will be no here.
We will put no here.
We will not say yes.
After that, all these details will come from the next form.
How much is your salary income?
How much is your business income?
All these details will be filled in the next information.
It will be auto-populated from there.
So basically we have to fill this much on the first page.
I will teach you one more thing.
This is the thing.
This is our row 40.
This point starts from here.
I would like to teach you this more.
Are you required to file a return as per other conditions
prescribed under Clause 4 of 7th Provision to Section 139.1
There are some things written in Clause 4 of 139.1.
What are the things written there?
It is written there that if
Oh my God!
This is the point above.
This is a different thing.
I have to teach you this point.
My mistake.
I have to teach you this point.
This point is above.
Row 36.
Are you filing return of income under 7th Provision to
Section 139.1
There is a 7th Provision of Section 139.1 in which it is
written that if you have deposited more than 1 crore amount
in one or more than one current account
That is, if you deposit more than 1 crore cash in one year
by adding all the current accounts that you have opened
then you have to say yes here.
Have you incurred expenditure of an amount or aggregate of
amount exceeding 2 lakhs for travel to a foreign country
for yourself or for any other person
If you have spent more than 2 lakhs on traveling abroad
then you have to say yes.
And if your electricity bill is more than 1 lakh in the
last year then you have to say yes here.
These are the 3 conditions in the 7th Provision of Section
139.1.
If you are not normally liable to pay income tax return
Your income is below taxable income
You do not have to pay tax
And you do not fall in the section of income tax return
which is mandatory for people to pay income tax return.
As per normal provisions of Income Tax Act
You are not required to file income tax return
But if you have done any of these three
You are not eligible to pay income tax return
Your taxable income is less
You are not in the mandatory provisions of income tax return
But if you have deposited more than 1 crore in your current
account
Including all
Or you have spent more than 2 lakhs on traveling abroad
Or you have paid more than 1 lakh electricity bill
Then the government says that your income will be more
You are definitely concealing
You are definitely misreporting
Tell us, just tell us
So what happens in that case
Normally you are not eligible to pay return
But you come in the 7th provision of 139.1
Then your responsibility becomes to pay return
Even if the taxable income is less
If you have done one of these three
You will have to pay income tax return
If this is the case of your client
That he has done one of these three
He has deposited more than 1 crore cash
More than 1 crore
He has spent more than 2 lakhs on traveling abroad
For himself or for someone else
During the year or he has received more than 1 lakh
electricity bill
He has received more than 1 lakh electricity bill in his
business
So my dear friends
My dear friends
Then he will have to pay
This form of income tax return
Even if it is not required normally
So if that was the case
Then we would have filled this detail here
But that is not the case
But that is not the case, my dear friends
We are paying the return normally
Okay Okay Let's go
So after filling the first page in this way
We have to click on the validate button
Where to click
Click on the validate button
Now let's see what comes after clicking on validate
Sheet income details is ok
This popup will come and you will click on ok
The first page of income details in ITRU
We have filled it up
Let's fill it up like this
Let's see the next pages
Ok