Monday, 7 May 2018

HOW TO USE FORM 16 TO FILE TAX RETURN FOR SALARY INCOME | BE A PRO!

633(CA Practise) How to use form 16 to file Tax return (ITR 1)for salary income (AY 2014 15)

Solution - By Amlan Dutta

Video Link - 16 is salary TDS certificate ....here using a live example of self , i show how to file a return using form 16 for salary income

We discuss various points in connection of the return filed and hope that after seeing this tutorial anyone can file the return

We clear a few misconceptions

(1) Return needs to be filed only by CA and tax consultatnts

(2) Return cannot be filed after due date

(3) Mistakes in return cannot be connected

(4) Documents needs to be attached while filing return or sending acknowledgement of filed return

All this are wrong and stupid rumors

Also, salary is just a income head ...most people commit the error of not declaring other income from House property , Business profession , Bank income in terms of savings interest , FD interest etc etc

Please note that return is for tax on total income and not just salary income

So , the video is for people who just have salary income but it is expected that people understand how tax is computed on total income for which i have 1000 Other tutorials

However since filing return for salary income is most common and many people find it tough , so i thought that i will again redo this

Hopefully this tutorial will benefit many indians

Peace ,

Amlan Dutta

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