Income Tax efiling Process (ITR1): A Step-By-Step Guide - AY 2017-18

Income Tax efiling Process (ITR1):  A Step-By-Step Guide AY 2017-18.

So you have decided to file your ITR1 online for the financial year ended in March 2017. It’s a simple process, will take maximum 1 hour, during which you can revise and preview it at least 10 times to check and correct any mistakes if any.

Assumptions:

1.      You have, Form16 from your employer.

2.      You know about  this GOI webpage  https://incometaxindiaefiling.gov.in/  and have created a login here.

3.      You are aware of 26AS details, to match all TDSs deducted by your employer or from a Bank on Bank FD.

4.      You have linked your Aadhar number by visiting this page already.

5.      Your Aadhar number is linked to the phone number which is in use and you have that phone operational, because your ITR1 will be verified by an OTP sms sent to this same phone number.

Keep following things ready when you start filing the application online.

Aaadhar number, Form16, details of all your Savings accounts in India with IFS Code

Following are some simple and some confusing junctures where you might need help.

1.      Login, choose ITR1, and fill “Part A General Information” tab, this should be very simple, needs no help, no confusions, some of the fields might be prefilled from your previous year’s submission.

2.     Income Details, row B1  : The confusing part, everyone forgets every next year. But simply read your Form16. Every time one files ITR1, the question comes what to fill in row B1: “Income from Salary / Pension (Ensure to fill such as TDS1”) . Well no more confusions, simply fill the amount mentioned in your Form16 given by employer under section “6. Income chargeable under the head 'salaries' (3-5) “

3.      Income Details, row B2 : So you have a house loan, you can fill the interest paid in last financial year as a loss , and this amount gets deducted from your taxable income, I wish you are aware of this already and had informed or declared to your employer. This amount should be filled with a – minus sign , it has to get subtracted from B1 amount. If you don’t have a house lone , skip filling anything here.

4.      Income Details, row B3 Income from other sources: If you any bank FD and got interest in last financial year you need to fill that income here if that was >10000 and mentioned in 26AS page. This amount will get added to your taxable income, because you may or may not have informed about your employer about this in January or February.

 5.      Tax Details:  This tab will have details of TDS deducted by employers and by Banks on any FD.

6.      Taxes Paid and Verification:

Row D12 calculates some tax is due to be paid or you will get a refund from tax department, because of the new numbers you have filled in ITR1. It can very well be the case , imagine you forgot to inform your employer about home load interest part so you may get refund. In another case one may have a bank FD amount, which should be disclosed here , so liable to pay the extra tax.

If you have to pay some extra tax, which goes into self assessment tax, pay it online , there is separate link for it, the button appears automatically in row D12 , so pay it through net banking. Once paid get the challan number , BSR code etc from your electronic foil, fill those details  

As you add these details , this amount will appear in "Taxes Paid and Verification" page's row D11 (ii) "Total self assessed tax paid". As you have paid all your dues , now amount in D12 should become 0.

7.      Preview & Submit:  carefully read all your details, take help from more experienced ones before submission. In order to complete the submission, you would want to use Aadhar linked phone to verify your submission at the end.

If you have any questions , you can ask in comments section , I will try to get it for you.

Leaked CID reports reveals minister didn’t urinate, it was Flouro-Nitro Isobetanin not urine

photo: swachaa bharat campaign.

One person was arrested last night in leaking a classified report prepared by forensic guru from Mumbai’s CID branch Dr. Salunkhe. In its shocking revelation, the report says it was FNIB a light pale color stinky chemical not urine.

Yes, you got it all wrong, this was done with a proper plan not under any natural pressure. It was done to highlight the issue of open air urination in society and specially to sensationalize this issue in social media, says and ecstatic Radha Sohan Singh on his telephone sound bites.

“I put my Izzat on stake, it was my own staff who took this picture and I didn’t urinate. I had a small rubber bladder like device kept hidden under my dhoti to sprinkle the pale color chemical  on the wall. We, in fact did a mock drill and “recce" which is a short of "Reconnaissance" which means - investigation, inspection, exploration or surveyed.  

Sometimes for a greater cause one needs to do unconventional things, you need to take roads never traveled and that’s I choose this bypass road towards Motihari, a road less traveled by VIPs. 
But we never imagined some talented Mr. Salunkhe will find this out, I salute his forensic genious, said Mr. Singh.  

Dr. Salunkhe @ his CID based lab.

This is an era of trolling, anything be it good or bad gets trolled and goes viral, so reaches everywhere, I saved huge advertisement money for Swacha Bharat Abhiyan by risking my izzat , but now when the matter is in public , I have no objections but to accept the credits.

..the goal is to ultimately draw attention away from boring means of advertisements to using creative means, further adds minister’s secretary who took the picture...

सत्यमेव जयते !

Misa Bharti will be called for MBBS final year’s viva again ?

If sources are to be believed, Miss Bharti, MBBS final year University topper , said her lawyer will reply to these questions, she doesn’t remember what happened in year 1999 when she topped university, read 1998 news here.

When a reporter asked what’s the chemical formula for water ? She smiled and said she is being framed because she is daughter of a social activist, in Bihar water changes after every few miles, so its not same everywhere.

When asked about the meaning of her name The Harvard speaker said , it means Mesiha , with i and h silent, she was though named after the Maintenance of Internal Securities Act[MISA] under which lalu was in jail. 

Mallya wants GOI to airlift Kingfisher Villa inside Tihar for his extradition, GOI agrees.

King of good times in India, liquor baron dr Mallya finally tightening screws on Indian enforcement authorities, wanted back in the country for alleged charities and calendar photo shoots, amounting to over Rs 9,000 crore. Against his extradition, dr Mallaya has a big list of arguments, condition of Indian jails is just a minor reason for not returning to India. The other primary reasons are traffic jams, power cuts, inflation, dengue, open defecation everywhere, adulterated milk , dairy products and nursery school admission and few hundreds more. 

It was initially feared that the extradition case would be deferred to 2050 for the lack of evidence and also because the Indian government could not resolve these social cultural issues before 2049 general elections.

However, now, with the government and Niyati Aayog having submitted a  2 million pages long affidavit for consideration, the Waitminster Magistrates Court said on Thursday (July 6) that the next hearing will be on May 2047 with the extradition hearings starting ASAP in August 15th 2047, so wait till 100th year of Indian Independence. As per media reports, chief magistrate Julia Rawat pushed back the dates after Mallya’s legal team wanted time to go through the execution plan report, for aforementioned concerns. King Mallya is on bail till December 2047 on which date the hearings begin, he can’t go back to India with such problems on every corner , he deserves a better livable India, says his friend Mr Subo Roy who has visited Tihar in past.

According to Mr. Robert, representing India, there was “excellent cooperation” from Mr Mallya in court, his observations and concerns were based on the real life experiences in India, the material submitted there is a prima facie case against India, how can he be kept in Tihar jail when dengue and typhoid cases on surge, unless they shift Kingfisher Villa inside Tihar premises Mr Mallya is a free innocent man.

Mallya’s nationalist comment: “Let the GOI first construct these basic facilities which they don’t have even after 70 years after independence. We will also state our case , we are in court now, I have nothing more to say but its "Sabka saath sabka Vikas”. 

This was something that Indian authorities had feared. It is a situation that Mallya can use to advantage. In a quick reaction, Home Secretary had written to Archeological Survey of India for airlifting entire Kingfisher Villa campus from Goa to Tihar, if Vijay ji is extradited, he would probably be lodged at his Villa, meanwhile Manu and Vikas are already in party mood inside Tihar.

~TimesWow news