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Senior Citizen Tax Benefits | Income Tax Return Filing Exemption for Senior Citizen | Section 194P 

Income Tax Wala: (Financial Expert)
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Section 194P of the Income Tax Act, 1961, was introduced to provide relief to senior citizens from the burden of filing income tax returns. Here's a brief overview:
Who it applies to: This section is applicable to individuals who are resident senior citizens, i.e., aged 75 years or more.
Income source: It applies to those who have only pension and interest income from the same bank where they receive their pension.
Exemption from filing: Under this section, if the bank is already deducting TDS (Tax Deducted at Source) on the interest income earned by such senior citizens and on the pension, they are not required to file their income tax return if they meet the conditions specified.
Form 12BBA: The bank will compute the income tax liability and deduct the appropriate tax. They will then furnish details of income and tax deducted in Form 12BBA to the income tax department.
No other income: It's important to note that this exemption from filing income tax returns is only applicable if the individual's income consists only of pension and interest from the same bank.
Voluntary filing: Even if not mandatory, senior citizens who fulfill the criteria can still choose to file their income tax returns to claim refunds, if any.
This provision aims to reduce the compliance burden on senior citizens and streamline the taxation process for them.
Senior Citizen Tax Benefits | Income Tax Return Filing Exemption for Senior Citizen | Section 194P
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No itr for pensioners
Section 194p
Senior citizen tax relief options?
Who benefits from section 194P?
Pension and interest income treatment?
Filing exemptions for seniors?
Benefits of 194P for seniors?
What is Section 194P?
Who does Section 194P apply to?
What types of income are covered under Section 194P?
What is the purpose of Section 194P?
What is age for individuals under Section 194P?
How does Section 194P benefit senior citizens?
What is Form 12BBA
What is Section 194P
Can senior citizens with additional income avail of Section 194P?
What happens if a senior citizen has income from multiple banks?
What is the role of the income tax department in Section 194P?
Can senior citizens voluntarily file returns under Section 194P?
How does Section 194P simplify tax filing for seniors?
Are there any exemptions or deductions available under Section 194P?
Can senior citizens claim refunds under Section 194P?
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12 май 2024

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Комментарии : 263   
@incometaxwallah
@incometaxwallah 3 месяца назад
Subscribe us For More Senior Citizens related Taxation Updates Team Income Tax Wala
@gudddus7482
@gudddus7482 2 месяца назад
क्या खेती से आय पे इनकम टैक्स लगेगा ? सीनायर सीटी जन को पेशन प्लस खेती से
@csmaurya9816
@csmaurya9816 2 месяца назад
For Senior Citizens even exempted from ITR filing but it's necessary because in case of Accidental death their kins will get 10 times, of Annual Income shown in the ITR. Therefore file ITR.
@incometaxwallah
@incometaxwallah 2 месяца назад
oh my god, aap to kaha tek sochate hain my dear seniors, sir ITR bhar le ham to jyada accha hain death tek kyu soche. please
@chetan03051962
@chetan03051962 2 месяца назад
इस बारेमे इन्कम टॅक्स deparment का कोई circular hai kya?
@incometaxwallah
@incometaxwallah 2 месяца назад
yes, section 194P hain - google pe bhi mil jayega
@chetan03051962
@chetan03051962 2 месяца назад
Ok thanks
@pravinshetty6228
@pravinshetty6228 2 месяца назад
It’s high time that ITR is abolished. Government collects taxes in many ways I.e.GSt road tolls CST Sst etc. it’s the middle and working classes that suffer the most.
@incometaxwallah
@incometaxwallah 2 месяца назад
Hope for the best
@proudofindiandemocracyocra1445
@proudofindiandemocracyocra1445 Месяц назад
Income tax is direct tax whereas GST is indirect Tax . Therefore both are different from each other . Abolish and imposition of any tax is empowered to Parliament .
@mayurparmar5376
@mayurparmar5376 2 месяца назад
Income tax should be removed as we pay higher GST
@incometaxwallah
@incometaxwallah 2 месяца назад
it should be , you are absolutely correct
@sandhyanair3438
@sandhyanair3438 2 месяца назад
Yes.. Double tax lerhe...
@Rajkumarijain-ht3wz
@Rajkumarijain-ht3wz Месяц назад
When you are call the retired person. The why you want to break them in different groups. Don't you thing that he ca not other income. Make the age artless 70 in ace of 75. I my self is a senior person ,a single lady with no income from a y other way. Hope you will once think of it from jodhpur. Make age as70 he or she is a senior citizen.you will blessed by many hearts.THANKS THANKS THANKS .
@Rajkumarijain-ht3wz
@Rajkumarijain-ht3wz Месяц назад
Asenior caterers is a member as he cross 60 and out of job. With social stress he has to face end less problems. Now you also add one less to this one more to that one WHY WHY you fell good doing so THINK THINK FOR GOD SAKE FOM JODHPUR
@DevenVerma-nn7ck
@DevenVerma-nn7ck Месяц назад
@@mayurparmar5376 modi ke foreign tour aur roj ki 4-5 dress ka kharcha kaise ayega....
@user-gx1mv9tu8s
@user-gx1mv9tu8s Месяц назад
आयकर से संबंधित जानकारी बहुत ही सराहनीय लगी इसके लिए बहुत बहुत साधुवाद।
@incometaxwallah
@incometaxwallah Месяц назад
आपका बहुत बहुत धन्यवाद
@vedgupta1
@vedgupta1 2 месяца назад
Thank you for sharing very useful information for senior citizens ❤
@incometaxwallah
@incometaxwallah 2 месяца назад
Our pleasure!
@atishchandraghosh1084
@atishchandraghosh1084 2 месяца назад
​@@incometaxwallah For refund of TDS deducted by Bank for non submission of form 15H at banks in time is filing ITR is the only option left ? Age 85
@brijkishorsaxena4732
@brijkishorsaxena4732 Месяц назад
नमस्कार, आपने बहुत महत्वपूर्ण जानकारी प्रदान की है। हार्दिक शुभकामनाएं ।
@incometaxwallah
@incometaxwallah Месяц назад
आपका बहुत बहुत धन्यवाद कि आपको हमारी विडियो पसंद आई इस विडियो को शेयर किजिये ताकी बाकी सभी लोगो को फायदा मिल सके
@muralikrishnamacharyulugud8469
@muralikrishnamacharyulugud8469 2 месяца назад
All pensioners above 75 years should get relief from submission of Tax Returns irrespective of income.
@incometaxwallah
@incometaxwallah 2 месяца назад
you raised a very valid point. if govt. do like this, the respect of all senior citizens, super senior citizens increases. and all old age home will be shut.
@OmprakashSingh-uy3fs
@OmprakashSingh-uy3fs 2 месяца назад
आपकी प्रस्तुति प्रशंसनीय है।..इस मई में ७५ वर्ष पूरा करने के बाद मैं कुछ परामर्श चाहता हूं- (१)मैं प्राईवेट सेवा विभिन्न प्रांतों में किया और हर जगह बैंक खाते नये खोले क्योंकि तब खाता ट्रांसफर कठिन कार्य था. (२)मेरे एक से अधिक खाते हैं, सरकारी बैंक में ही हैं. (३)पेंशन ना के बराबर है (मात्र रु१,३५४/-). बच्चे नौकरी करते हैं, खर्च के लिये दे देते हैं. (४)पहले जब नौकरी में था तो रिटर्न भरता था, टैक्स भी भरता था. (५)रिटायर बाद टैक्स लिमिट से बहुत नीचे आने के बाद अब इधर कुछ सालों से रिटर्न भरना छोड़ दिया हूं। (६)हां एक लघु जोत का किसान बनकर कुछ अर्जित करके मुचुअल फंड में निवेश शुरू किया हूं। (७)ऐसी स्थिति में मुझे क्या करना उचित होगा ? बताने का कष्ट करेंगे .
@incometaxwallah
@incometaxwallah 2 месяца назад
आपकी सारी बाते हमने पढी हैं - आपने अपनी जो इनकम सोर्सेज और इंवेस्ट्मैंट बताये हैं उनके अकोर्डिंग आप इंकम टैक्स रिटर्न फाईल करना शुरु किजिये
@OmprakashSingh-uy3fs
@OmprakashSingh-uy3fs 2 месяца назад
@@incometaxwallah बहुत बहुत धन्यवाद, सर ! आपकी राय महत्वपूर्ण है .🙏
@OmprakashSingh-uy3fs
@OmprakashSingh-uy3fs 2 месяца назад
मेरे लिये कौन ITR form उपयुक्त होगा ?
@chimanbhaipatel4890
@chimanbhaipatel4890 2 месяца назад
Thanks for providing this best information.
@incometaxwallah
@incometaxwallah 2 месяца назад
Glad you like our videos
@sureshkhandare8810
@sureshkhandare8810 2 месяца назад
SBI ek aaisa bank hai yanha form submit karne ke bawoojood bhi TDS kat dete hai jab bank me enquiry karte hai to kahate aap ka form hame mila hi nahi jab ham unko kahte ha hame duplicate form pe sign do ki aapko form hamne diya hai to kahte ha stamp aur sign ko koi jarurat nahi..asisa sabse khatrnak sbi bank hai
@incometaxwallah
@incometaxwallah 2 месяца назад
you are right.
@visvia1887
@visvia1887 2 месяца назад
SBI Bank mein toh sab manmani chalate hai. Sab se jayada kharab bank apane country mein hai.customer enemy if possible avoid this bank.
@sureshkhandare8810
@sureshkhandare8810 2 месяца назад
@@visvia1887 ji sir absolutely right I have very bad experience.. sabse worst bank sbi aur us se bhi jyada unka staff..agar katar me akhri admi khada hai aur lunch time hota hai to to armse Lunch time display board laga dete hai..
@incometaxwallah
@incometaxwallah 2 месяца назад
many people have worst experience.
@visvia1887
@visvia1887 2 месяца назад
@@incometaxwallah Really my sad experience from childhood and still nothing changes in working style.present i have 63 years.
@atiquzzamanmohiuddin844
@atiquzzamanmohiuddin844 2 месяца назад
I think after the age of 70, income tax filing shouldn’t be continued.
@incometaxwallah
@incometaxwallah 2 месяца назад
You are right, it must be
@MrSkbhatnagar
@MrSkbhatnagar Месяц назад
So that all Politicians get exempted
@ravisaxena3464
@ravisaxena3464 2 месяца назад
Bahut bahut dhanyawad Sir Good Information Income tax return ke Good News dene ke liye respected sir pranam 🌹🙏🙏
@incometaxwallah
@incometaxwallah 2 месяца назад
Parnam ji , aapko video pasand aai iske liye hum aur hamara chainal aapakaa aabhari hai
@kishanprasad6536
@kishanprasad6536 2 месяца назад
Thanks sir ur valuable information.
@incometaxwallah
@incometaxwallah 2 месяца назад
So nice of you
@amittoppo7557
@amittoppo7557 2 месяца назад
Excellent Information
@incometaxwallah
@incometaxwallah 2 месяца назад
Thanks and Glad you like our informative video . keep watching and sharing
@damodarsharma4716
@damodarsharma4716 2 месяца назад
ऐसे वीडियो से लोगों के मिसगाइड होने की संभावना है। क्योंकि भविष्य में कभी भी return भरने की अवश्यकता पड़ सकती है। उस परिस्थिति में discontinuity in फाइलिंग रिटर्न की प्रताड़ना झेलनी पड़ेगी।
@incometaxwallah
@incometaxwallah 2 месяца назад
Video dekhne ke baad hi aap kuch likha kijiye
@incometaxwallah
@incometaxwallah 2 месяца назад
But aapki baat ko consider karenge hum.
@gudddus7482
@gudddus7482 2 месяца назад
सुना है की 6 /7 लाख तक इनकम टैक्स फ्री है तो ITR क्यो भरवाया जा रहा है
@visvia1887
@visvia1887 2 месяца назад
@@gudddus7482 ye sab nai btayega.
@incometaxwallah
@incometaxwallah 2 месяца назад
itr isliye bhawaya jata hain taakii govt ko inforamtion jaye ki basic exemption limit se jayada inocme ke sources kya hain , so that govt apna data ready kar sake
@rnjoshi6374
@rnjoshi6374 2 месяца назад
Why such rigmarole for sr. Citizens? On completion of 75th year, he should be declared exempted from IT net
@incometaxwallah
@incometaxwallah 2 месяца назад
you are right, but many senior citizens still have income which is not earning youth of India.
@rajivvaidya2222
@rajivvaidya2222 2 месяца назад
Young generation will take disadvantages of this by declaring income in sr. citizen's name.
@incometaxwallah
@incometaxwallah 2 месяца назад
intelligent answer, you are the only person who understand the situation. and given right reply. Hats off to you Mr Rajiv Vaidya
@ashokdilliwalashow
@ashokdilliwalashow 16 дней назад
Very interesting and informative video
@incometaxwallah
@incometaxwallah 15 дней назад
Glad you enjoyed it
@ramachandranps4229
@ramachandranps4229 3 месяца назад
Thanks good information -- I am 89+ so I got chance as my income is only pension
@incometaxwallah
@incometaxwallah 3 месяца назад
good
@SHAHNAWAZKHAN-sd7lv
@SHAHNAWAZKHAN-sd7lv 2 месяца назад
I am a senior citizen of 75 years+ but I receive pension more than 5 lacs in a year n I have more than one bank account . So It is necessary for me to file ITR.
@incometaxwallah
@incometaxwallah 2 месяца назад
Yes, it mandatory for you considering your income
@Bhartya6804
@Bhartya6804 2 месяца назад
Saare senior citizens ko Dubai chale jana chahiye. No return filling, no income tax, good facilities , no CA KA tktktk....
@incometaxwallah
@incometaxwallah 2 месяца назад
very nice. 😆
@sudhakarmadanambedu6335
@sudhakarmadanambedu6335 2 месяца назад
I will try to go
@user-qh6hd1oq9k
@user-qh6hd1oq9k 2 месяца назад
Sir I am 66 year old man, I have FD in Post Office only, but I have opened an account in another bank, but no FD, only account opened, should I file ITR? My annual income from interest is Rs 2 lakh 12 k
@incometaxwallah
@incometaxwallah 2 месяца назад
i am sure, tds deducted on your interest income. if tds is there - file itr mandatory if no tds - its your choice to file or not but it is recommended to file itr
@user-qh6hd1oq9k
@user-qh6hd1oq9k 2 месяца назад
@@incometaxwallah Thank you sir
@user-eu7zm3sk2j
@user-eu7zm3sk2j 2 месяца назад
Very nice and beautiful tips and tricks for latest updates on the same in the information 🎉🎉🎉
@incometaxwallah
@incometaxwallah 2 месяца назад
Hame Khushi Hui, you like our videos,
@padminihemraj3052
@padminihemraj3052 25 дней назад
Good information Tq👍
@incometaxwallah
@incometaxwallah 6 дней назад
thanks, keep watching and sharing
@satishraval1704
@satishraval1704 Месяц назад
Thanks for information on Sec 194 P. Interest on accrual on different time series of FDR with different rate is difficult. Dividend be it from MF or shares through Demat for any amount- will it disentitle (as most senior citizen) during his life time make such investment. In 26AS, ten percent deduction, one can calculate his/her taxable income from FDR. For pension income, one bank account is possible. For exclusive interest income, is it mandatory to have only one SB with a government bank who usually give higher rate of interest. For loan and visas, usually ITRs filed and assessment orders are preferred. Such senior citizen usually get some rental income also. With experience of bank officials’ working, expecting efficiency in determining total tax liability, is doubtful. It’s better to pay some amount for correct filing of ITR. It’s more an eye wash to gain popularity. Please correct me if I am wrong.
@user-dw4kh5vd8m
@user-dw4kh5vd8m Месяц назад
I agree after 75 atleast no INCOME TAX BE DECLARED. GOVT SHOULD THINK BETTER FOR SENIORS. GOD BLESS
@incometaxwallah
@incometaxwallah Месяц назад
you are absolutely right. Thanks
@tarloksingh2141
@tarloksingh2141 Месяц назад
Thanks Sir.🎉
@kishoremirchandani8671
@kishoremirchandani8671 26 дней назад
Thanks Sir 👍🙏
@incometaxwallah
@incometaxwallah 25 дней назад
Most welcome
@JairajKamthan
@JairajKamthan 2 месяца назад
Sir, thank you very much for this important information. My income consists of a very small EPF pension, interest from Savings, FD, and also small amount of annuities from SBI and LIC. Kindly clarify whether even with these annuities, I am exempted from filing ITR.
@incometaxwallah
@incometaxwallah 2 месяца назад
you are not exempted with your these kind of income. hence file itr in form 2
@JairajKamthan
@JairajKamthan 2 месяца назад
Thank you very much sir.
@venkateshmurthy5557
@venkateshmurthy5557 2 месяца назад
The print in ur vedio is not visible clearly. Pl verify and. Correct. Thanks for ur good service and information.
@incometaxwallah
@incometaxwallah 2 месяца назад
Check again, its clear . if you still face any problem , send whatsapp text us at 8448820204
@VijayKumar-ml6wg
@VijayKumar-ml6wg 2 месяца назад
Thank you Sir, video was very informative. Further, I would like some help to file my ITR for AY 24-25, appreciate it if you could suggest somebody. Warm regards.
@incometaxwallah
@incometaxwallah 2 месяца назад
you may availe our website service for filing Income Tax Return - Link is below letsmakecompany.com/income-tax-return.php A Trusted and Realiable Plateform
@pramodinamdar424
@pramodinamdar424 2 месяца назад
Sir please guide us about after retirement up to 75 I.e. junior citizens
@incometaxwallah
@incometaxwallah 2 месяца назад
Same provision applicable even after 75 . Except 1 that is paper return allowed at age of 80
@rameshwarsharma9693
@rameshwarsharma9693 28 дней назад
आपका वीडिओ तो ठीक है लेकिन आपके 75 परसेंट शब्द इंग्लिश मे होते है इसलिए हम हिन्दी भाषी ठीक से नहीं समझ पाते हो सके तो पूर्ण रुप से हिन्दी मे बोलिये तब अति उत्तम रहेगा
@incometaxwallah
@incometaxwallah 28 дней назад
Will consider your request
@surendrakumargupta6423
@surendrakumargupta6423 2 месяца назад
Like very nice
@incometaxwallah
@incometaxwallah 2 месяца назад
glad you like our video, keep watching
@madhumatichilakwad5249
@madhumatichilakwad5249 Месяц назад
I have two doubts, one is can 12BBA form be submitted online? Second is this has to be submitted every year or only once? Thank you Sir.
@incometaxwallah
@incometaxwallah Месяц назад
Form 12 BBA submit off line every year has to submit
@madhumatichilakwad5249
@madhumatichilakwad5249 Месяц назад
@@incometaxwallah thanks for quick response.
@paremsharama585
@paremsharama585 2 месяца назад
Aar zself pension or ramily penion dono avail kryayho jo diffrent bank se aaty hai tab kya kare
@incometaxwallah
@incometaxwallah 2 месяца назад
is case mai itr file karna mandatory h
@gopalthiagarajan7134
@gopalthiagarajan7134 2 месяца назад
Thank you dear for the useful information
@incometaxwallah
@incometaxwallah 2 месяца назад
My pleasure 😊
@elsyjoseph4431
@elsyjoseph4431 2 месяца назад
Thank you sir
@incometaxwallah
@incometaxwallah 2 месяца назад
Always welcome, soon a unique video also publish, various benefits and deduction for senior citizens. Thanks
@artisahai3387
@artisahai3387 2 месяца назад
Sir 25 years se bedridden ek 72 years ka insaan kya benefit le sakta hai?
@bholabahuguna8319
@bholabahuguna8319 2 месяца назад
Fantastic indeed,
@incometaxwallah
@incometaxwallah 2 месяца назад
Indeed! many thanks , thanks for listing. keep watching and sharing our videos to spread tax awareness
@lgpatil1955
@lgpatil1955 21 день назад
Good Morning Sir, ... Please let me know is it u/s 10 is applicable & exampt to the Pensioners getting Rs. 15000/- per months in (old regime) If yes then how it is calculated. ... If someone is getting pension Rs 50000/- per month.
@smuneerahmad7527
@smuneerahmad7527 2 месяца назад
Caption is confused and wrong. Instead of saying senior citizens you must've said above 75 years of age group persons are not required to submit ITR filing....thankyou
@incometaxwallah
@incometaxwallah 2 месяца назад
sure, will consider your feedback.
@rameshgoyal6916
@rameshgoyal6916 19 дней назад
Sr ctzn don't have any income but only these r only retirement benefits after 50 yrs regular services and should not netreated as income.
@Rajkishoresahu-dn6rd
@Rajkishoresahu-dn6rd 20 дней назад
Good morning sir,... Please let me know is it
@incometaxwallah
@incometaxwallah 20 дней назад
Morning- whats you wanted to know
@56dileep
@56dileep 2 месяца назад
AS PER NEW RULE SR CITIGEN NOT REQUIRE TO PAID ADVANCE TAX. IF THEY NO HAVE BUSINESS INCOME. I HAVE INCOME FROM SALARY, INTEREST INCOME AND SHARE TRADING ( SHARE TAKE IN DELIVERY NO ITRADAY TRADING. SO PLEASE ADVICE
@incometaxwallah
@incometaxwallah 2 месяца назад
advance tax new aur old tax regime dono mai hi pay karane ki liability nahi hain aapki income ke according aap itr 2 mai apni tax return file kijiye aur itr filing ke time apna tax pay kijiye,
@deonarayanmahto7510
@deonarayanmahto7510 11 дней назад
इन्कम टैक्स कम्पलीट बंद होना चाहिए । एक्साइज को छोड़कर सभी टैक्स बंद होना चाहिए । सिर्फ एक टैक्स होना चाहिए, "बैंक ट्रांजैक्शन टैक्स "(BTT)
@sujathaharish3539
@sujathaharish3539 2 месяца назад
Is it mandatory to deduct tax from monthly pension of a senior citizen. Is the payment of advance tax compulsory for a senior citizen
@incometaxwallah
@incometaxwallah 2 месяца назад
1. tax deduction from pension is depend upon your pension amount. 2. senior citizen are not requried to pay advance tax u/s 208 . but they must pay tax liabiality if any at the time of filing itr
@amudholakia3750
@amudholakia3750 11 дней назад
What about refund,if senior citizen is under the exempted slab
@incometaxwallah
@incometaxwallah 7 дней назад
100% refund milega
@ramchandradagadu1342
@ramchandradagadu1342 2 месяца назад
Pl. Clarify, if a senionar citzen having 3 bank accounts in three different banks, then ....... ...
@incometaxwallah
@incometaxwallah 2 месяца назад
then he / she is not eligible for section 194P benefits
@PC-yo11
@PC-yo11 25 дней назад
Kya senior citizen or super ss pension ke sath share market me invest kar sakte hai ya mutual fund me???? Ydi ha to itr bharna padega kya yadi 7 lakh ke niche yearly earning ho to?
@diliphalbe61
@diliphalbe61 2 месяца назад
If I have more than one savings account with savings interest and FD’s the do I qualify for above scheme?
@incometaxwallah
@incometaxwallah 2 месяца назад
No,
@ginis0011
@ginis0011 2 месяца назад
30000*12=336000 9000*12=108000
@nvnair4466
@nvnair4466 2 месяца назад
If the pension drawing in different Bank (ie one Defence pension and another civil pension)+3lakhs FD in one of above Bank.Pse do clarify)
@incometaxwallah
@incometaxwallah 2 месяца назад
File itr, it's mandatory, 194P would not work
@user-ob9ww7iv4e
@user-ob9ww7iv4e 2 месяца назад
Thanks sir
@incometaxwallah
@incometaxwallah 2 месяца назад
Always welcome. Keep watching our videos and share it with your friends
@mohammedasad3335
@mohammedasad3335 2 месяца назад
What about NRI senior citizens of 75years?? Are they exempt from filing return or they are to submit income tax return?? Pls clarify.
@incometaxwallah
@incometaxwallah 2 месяца назад
no, NRI are not exempt. this scheme is applicable for Indian resident individuals only if you wanted to know that who is NRI , who is Resident in indian. pl let us know through comments we will share link of that video
@vijayranpise2637
@vijayranpise2637 2 месяца назад
👍 thanks
@incometaxwallah
@incometaxwallah 2 месяца назад
Welcome 👍
@ashokdalvi7965
@ashokdalvi7965 Месяц назад
Pension should not be treated as Income!🙏
@incometaxwallah
@incometaxwallah Месяц назад
but pension is income to a retired person.
@sudhakarrbhayya3058
@sudhakarrbhayya3058 13 дней назад
INCOME TAX DESH KA POPULATION MEN 8 PERCENT LOG BHI FILE NAHI KARTHE AUR TAX PAY KARTHE ONLY SALARY MILNEWAON HI BAKRA BANTHE HAI. 100 PERCENT DESH WASION TAX BHARNA HAI INCOME TAX DEPARTMENT NIKAL DENA AUR HAR VASTU PER TAX LAGANA JO ZYADA ISTAMAL HOTA HAI. ISSE 10 GUNA INCOME GENARATE HOGA.
@saahilgaming3893
@saahilgaming3893 2 месяца назад
Sir 9ne question im having is Im a CA ASPIRANT EK BAT BATYEA KI if a person is filing form 12BBA its simply a alternative to ITR bat to wahi ha na........ And u/s 194P if bank is deducteing TDS and agar us senior citizen ka basic exemption limit is not crossing then also usko double kam krn higa for refund?????
@incometaxwallah
@incometaxwallah 2 месяца назад
first of all , if specified senior citizens file form 12 BBA - he doesn't need to file itr. If tds is there - bank will pay only balance tax liability. if tds is there but income is below exemption limit - file form 15 G/H so that tds would not deduct. but if still tds is there then file itr and take it back.
@ajitkhan2715
@ajitkhan2715 22 дня назад
I am a sr citizen, I have some investment in shares and mutual fund. How can I show this in itr?
@amitavaroy6030
@amitavaroy6030 Месяц назад
Sir avi tok west Bengal mey start nei hai
@incometaxwallah
@incometaxwallah Месяц назад
Sabhi jagah ye deduction milti h
@ashikumarsharma9202
@ashikumarsharma9202 26 дней назад
Sir is it necessary to mention your bank account if you are due for refund ?
@incometaxwallah
@incometaxwallah 25 дней назад
yes
@venkataramaiahm7913
@venkataramaiahm7913 2 месяца назад
How long we have to wait for submission of IT Return since some mutual fund organisations continue to send TDS amounts to IT department ? even after 31/03/2024
@incometaxwallah
@incometaxwallah 2 месяца назад
You should start itr filing near about 10 june 2024
@venkataramaiahm7913
@venkataramaiahm7913 2 месяца назад
What will happen if after filing ITR if any financial institution sends TDS to IT dept?
@incometaxwallah
@incometaxwallah 2 месяца назад
its a loss for you, becasue you would not be able to claim that tds which is updated after filing of your itr
@n.kmaurya8805
@n.kmaurya8805 24 дня назад
I am 68 yrs old and have income around 2L per annum from my pensions. Due to name difference in PAN vs Aadhar my PAN. I have left no option in Aadhar to correct my name as per PAN. How can I sell flat property worth 40 lacs without having active PAN.
@attarsingh3545
@attarsingh3545 27 дней назад
Sarkar mai kitane andhe log baithe hain khud manhgai ki vajeh se DA/DR deti hai aur IT ki limit rakhi hai sirf ₹ 2.50 . Kam se kam 5.00 honi chahiye.
@incometaxwallah
@incometaxwallah 27 дней назад
You are right
@digamberpant2575
@digamberpant2575 2 месяца назад
Sir I heard on TV PM Sir said up to 7 lakh we don't have to pay tax What is that Regards Digsmber Pant
@incometaxwallah
@incometaxwallah 2 месяца назад
its right if you file your itr in new tax regime for that your taxable income must be 7 lac or below
@premaamin8236
@premaamin8236 Месяц назад
Good idea. We required crore rupees. To purchase house.for living there required money.We are not even one percent like Mukesh ambani.they are spending blindly so many crore rupees.We are struggling life day and night working.little money we have that also tds cutting.In India there is no justice.
@nvnair4466
@nvnair4466 2 месяца назад
I have dual pension.1 .Disability pension from Defence excused from IT as per govt letter from Union bank of India.3 lakhs FD at same bank.2.civil pension from Canara bank but joint acct (No job and no income to wife) Am I eligible for exception of IT filing?Pse do guideme.Regards
@arshaikh3761
@arshaikh3761 2 месяца назад
I am 3 saving bank accounts- no income except from pension and fds. How can I be benefitted u/s 194P. Should I file it in the pension receiving bank? Pl guide and obligew
@incometaxwallah
@incometaxwallah 2 месяца назад
for claiming benefits u/s 194P - TWO pensions are allowed but two saving accounts are not allowed. So you are not eligible for 194P Hence, you must file your itr for financial year 2023-24
@shireenmukhtar1099
@shireenmukhtar1099 2 месяца назад
If one has account in more than one bank then
@incometaxwallah
@incometaxwallah 2 месяца назад
if more than one bank account or account in private sectior bank. these provision u/s 194 P not applicable
@satishbhangaonkar9409
@satishbhangaonkar9409 2 месяца назад
Basically their the should be 70 ears and their should be any responsibility of paying any tax whatever income .
@incometaxwallah
@incometaxwallah 2 месяца назад
you are right but there is no such provisions
@aroliveetilnarayanan8969
@aroliveetilnarayanan8969 2 месяца назад
I am 82 yrs. I have an scss a/c in post office. Do i have to file ITR. kindly clarify.
@incometaxwallah
@incometaxwallah 2 месяца назад
if you post office deducted your tds for interest on senior citizen saving scheme deposit, then you must file your itr and claim it. but if you have your one saving account in any govt bank. then you file form 12BBA to that govt bank and declare your post office income and tds in form 12BBA . than you no need to file itr . Bank will take care of it. subscribe our channel if you like our videos. in next few days, 2-3 videos also coming for senior citizen tax saving related
@sanjeevbhavsar4330
@sanjeevbhavsar4330 2 месяца назад
15 H Form as a sinior citizen submitted in bank. Any other Form required to submit
@incometaxwallah
@incometaxwallah 2 месяца назад
See form 15H is for non deduction of tds To get immunity from filing of itr You need to file form 12BBA
@indrabhushan7809
@indrabhushan7809 Месяц назад
Link for form to be submitted to bank so that super sr.citijzen may download
@incometaxwallah
@incometaxwallah Месяц назад
yes, you can download form from description of this video
@shashisethi5143
@shashisethi5143 2 месяца назад
How we will get TDS return if not file ITR
@incometaxwallah
@incometaxwallah 2 месяца назад
Without itr, refund not possible
@pushpamahendroo6075
@pushpamahendroo6075 Месяц назад
FD and savings par income tax nahi katna chahiye.
@incometaxwallah
@incometaxwallah Месяц назад
you are right, but right now there is no such law
@smohanty3507
@smohanty3507 Месяц назад
Mere father ke age 84 yrs age hain aur wo paralysis patient hain..inka koi income last 20 yrs se nahin hain..income zero hain.. Wo abhi ek plot sale kiye hain..70 lakh profit hua hain.. Kitna tax dena hoga
@incometaxwallah
@incometaxwallah Месяц назад
iske liye hame kafi information chaiye aap paid consultion lijiye. connect to us on whatsapp 8448820207
@chandrakantkadoo1979
@chandrakantkadoo1979 16 дней назад
very fast dialogue. cannot understand pl go slow
@incometaxwallah
@incometaxwallah 16 дней назад
Sure , will consider your concern
@gulshanpasrija9837
@gulshanpasrija9837 17 дней назад
Please send me the rules if my Mediclaim premium is paid by my son, can I avail u/s 80 D
@incometaxwallah
@incometaxwallah 17 дней назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-WEV7xLN9LHs.html
@ashokkamdi2793
@ashokkamdi2793 Месяц назад
Exempt income tax on pension from retired servants.
@incometaxwallah
@incometaxwallah Месяц назад
you are right but if pension above taxable limit then its taxable.
@gourpal6304
@gourpal6304 2 месяца назад
What is new in it ?
@incometaxwallah
@incometaxwallah 2 месяца назад
Everything is new and unique.
@kedarnath927
@kedarnath927 2 месяца назад
वरिष्ठ नागरिक जिसकी उम्र 60 से उपर और 75 से कम है तो इनकम टैक्स में उसको क्या क्या छूट मिलती है ।
@incometaxwallah
@incometaxwallah 2 месяца назад
जी साब जी आप ये विडियो देखिये इसमे वो सभी छुट हैं जो सिनियर सिटिजंस को मिलती हैं ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-nk_M8dRmVgk.html आप्को ये विडियो कैसी लगी - उस विडियो के कमैंट्स मैं बताना
@user-tt2vj6wy4x
@user-tt2vj6wy4x Месяц назад
Income Tax advocate Rs 500 ke liye bataega 80 ho ya jada up ko return varna Padega
@incometaxwallah
@incometaxwallah Месяц назад
ok ji
@rajagopalansrinivasan12
@rajagopalansrinivasan12 2 месяца назад
I m age 69. Only pension 30,000 and otherFD int 9000/_ applicable tax
@incometaxwallah
@incometaxwallah 2 месяца назад
No tax applicable for you on such incomes
@cricklover6964
@cricklover6964 Месяц назад
This is not so simple as Hon'ble CA has expalined in this videos
@incometaxwallah
@incometaxwallah Месяц назад
glad you like our videos, thank you so much for your compliments subscribe this channel for more updates
@JA-xw9uf
@JA-xw9uf 2 месяца назад
Filing Returns are not for Govt. but to make a source of unholy income for the so called Chartered Accountants. 'One Nation One Tax' policy must be implemented in India in which cash transaction above Rs.5000/- (Rupees Five Thousand) should be banned. Of course, any litigation arising out of cash payments above Rs. 5000/- should not be entertained in courts. And all payments above cash limit should be through cheque /NEFT/RTGS/UPI and must accompany a fixed rate of Tax on the payment which would be directly deducted by the banks and sent to ITD. By this the layman as well as the professionals all would be free of tension of Filing Tax Returns and the jamela associated with it. It is our national productivity time that is lost in the process. It is high time GOI thought of One Nation One Tax.
@incometaxwallah
@incometaxwallah 2 месяца назад
We think you have problem with CAs
@brijmohansharma991
@brijmohansharma991 3 месяца назад
Wherefrom declaration form to obtain
@incometaxwallah
@incometaxwallah 3 месяца назад
Chk in description
@AnwarKhan-ev3ff
@AnwarKhan-ev3ff Месяц назад
Mujhe abhi ek saal ho gaye leykin abhi tak mera Paisa return nahi aaya, kya hua??
@incometaxwallah
@incometaxwallah Месяц назад
Kisi purani demand mai adjust ho gai hogi adjust
@baldevsingh3568
@baldevsingh3568 2 месяца назад
Deceased parents k a/c se Mila Paisa bhi kya income tax me count hoga sir, ?
@incometaxwallah
@incometaxwallah 2 месяца назад
No, it's 100% tax free
@neerjasharma1079
@neerjasharma1079 2 месяца назад
Government not given any benefit for senior citizens. No pension increase for bankers . Union maja karti hai. We get peanuts
@incometaxwallah
@incometaxwallah 2 месяца назад
you are right
@visvia1887
@visvia1887 2 месяца назад
2000rs. bhi pura pension nahi aata hai aur advice de rahe ho itr file karne ka.
@incometaxwallah
@incometaxwallah 2 месяца назад
bhai sab ye video sab ke liye hain. kisi ki pension kam yaa jyada ko mind mai rakhte huye nahi banai hain
@visvia1887
@visvia1887 2 месяца назад
@@incometaxwallah toh clear bolo sr.citizen sab koi high pension vala nai hai.jiska high pension hai vo ye video nahi follow karte .CA se advice lete hai.
@incometaxwallah
@incometaxwallah 2 месяца назад
OK JI
@jagadishdeshpande2802
@jagadishdeshpande2802 Месяц назад
Sr.citizen जिसको eps 95 तहत मासिक 1000/1500 बीडी काडी पेन्शन मिलती है और कुछ बची हुयी पुंजी SCSS scheme में निवेश करते और ऐसे कुछ लोग 15 H form submit करने के बाद भी Income tax deduct होता है ये लोग कैसे जिंदगी गुजारे इस पिरीयड में मेहंगाई किती थी और औषधोपचार खर्चा कितना था ये Income tax वाले इसके बारेमे सोचते है ये कैसा logic है तो tax बचाने के लिये सिनियर सिटीझन लोगो ने क्या करना चाहिए
@pankajmarwah2660
@pankajmarwah2660 Месяц назад
At the age 76
@incometaxwallah
@incometaxwallah Месяц назад
at 76 age, all provisions applied of this video except 1 which is physical itr filing
@ramnoberoi9661
@ramnoberoi9661 2 месяца назад
Sir social security nahi milati😮
@incometaxwallah
@incometaxwallah 2 месяца назад
ye hi too problem hain
@vineetshende321
@vineetshende321 2 месяца назад
What about the senior with physical disabilities
@incometaxwallah
@incometaxwallah 2 месяца назад
for senior citizen with physical disabiltiy there are other deduciton provisions u/s 80D, 80DD and 80DDB.
@vineetshende321
@vineetshende321 2 месяца назад
@@incometaxwallahthank you sir
@rajinderrawat2015
@rajinderrawat2015 23 дня назад
Pl.disclose the age of specified citizen.
@incometaxwallah
@incometaxwallah 20 дней назад
its there in video. however , a senior citizen who attain age of 75 years is called specified senior citizen
@unknownisbest
@unknownisbest 2 месяца назад
Hopefully this exemption does not mean that all the black money hard cash loot can be parked with senior citizens!😂
@incometaxwallah
@incometaxwallah 2 месяца назад
Good , nice
@anilkumarverma7670
@anilkumarverma7670 2 месяца назад
मैं सिनियर‌ सिटीजन हू और मेरा टोटल इनकम 272000.00 होता है तो मेरा टी डी एस बैंक काट सकता है
@incometaxwallah
@incometaxwallah 2 месяца назад
बैंक आपका टी डी एस काट सकता हैं लेकिन आप फार्म 15 एच इस विडियो के डिस्क्रिप्शन से डाउंलोड कर लिजिये , और फिल करके बैंक को जमा कर दे उसके बाद बैंक आपका टी डी एस नही काटेग़ा फार्म 15 एच इस लिंक से भी ले सकते हैं आप bit.ly/3UOd50H
@gudddus7482
@gudddus7482 2 месяца назад
​@@incometaxwallah और जो TDS बैक द्वारा काट लिया गया है वापस केसी आएगा
@GSRAWAT-uf9nv
@GSRAWAT-uf9nv Месяц назад
कुछ पर टैक्स और कुछ को फ्री फ्री साथ ये आरक्षण,
@incometaxwallah
@incometaxwallah Месяц назад
You are right
@surendrakumargupta6423
@surendrakumargupta6423 2 месяца назад
Like
@incometaxwallah
@incometaxwallah 2 месяца назад
glad you like our vidoes Subscribe our channel for regular informative updates
@kekobadbatliwala8966
@kekobadbatliwala8966 Месяц назад
Kutch CONDITIONS me sab aa jata hai sirf murkh banate hai.
@incometaxwallah
@incometaxwallah Месяц назад
Ok ji
@krishanbahadur9994
@krishanbahadur9994 2 месяца назад
सर मै 81पलस का पैनसन भोगी हू मेरा पैनसन स्पर्श के माध्यम से मिलता है ITR मै हर साल फाइल करता हू यह12BBA FORM कहा से मिलेगो
@incometaxwallah
@incometaxwallah 2 месяца назад
Nice, issi video ke description Mai form 12BBA ka link Diya hua h. Aap download kar sakte h
@radhaballabhkukreti7482
@radhaballabhkukreti7482 2 месяца назад
यदि किसी सुपर सीनियर सिटीजन को दो पेंशन मिलती है और दोनो पेंशन अलग अलग बैक मे आती है एवं कुछ पैसा FD का एक कोऑपरेटिव बैक मे हो तो उसे क्या करना चाहिए? कृपया बतलाए। धन्यवाद
@zarinaferns
@zarinaferns 27 дней назад
Fake .wait till 23rd July.
@incometaxwallah
@incometaxwallah 27 дней назад
Ok ji
@nagarajbn4724
@nagarajbn4724 2 месяца назад
No useful information . All known , no new.
@incometaxwallah
@incometaxwallah 2 месяца назад
Thanks for the view
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