Скачать с ютуб File ITR 4 Online in 10 Minutes | How to File ITR 4 (44AD) for FY 22-23 AY 23-24 | The Finance Yoda в хорошем качестве

File ITR 4 Online in 10 Minutes | How to File ITR 4 (44AD) for FY 22-23 AY 23-24 | The Finance Yoda

In this video, we will explain how taxpayers who chose the presumptive scheme under section 44AD of the Income Tax Act can submit their ITR 4 online. Certain people and professionals can receive tax relief under Section 44AD without having to submit to an audit or present financial records. This is not applicable for taxpayers with professions listed under Section 44AA. To ease the tax burden on small taxpayers or taxpayers, the Income Tax Law adopted Section 44AD, a presumptive taxation plan. People covered by the requirements of this section are not required to keep or display their books of account or to have an audit done on them. The scheme aims to give relief to small-time taxpayers who operate any form of business—apart from those listed in Section 44AE. The recent amendments to the Budget 2020 have, however, expanded the application of Section 44AD and its advantages to cover professionals whose annual total income is less than Rs 50 lakhs. Features Of Section 44AD a) Tax paid by the taxpayers under Section 44AD is calculated at 8% of the individual’s gross turnover for the financial year, provided that his or her gross turnover is below certain threshold. b) Income calculated under this section will be subject to taxation in accordance with the slab rates prescribed by the Income Tax Act c) Taxpayers claiming deductions under this section will not be permitted to claim any further expenditure or any form of depreciation, with the exception of any interest or payments made to partners Related Videos: File ITR 1 Online in 10 Minutes    • File ITR 1 in 10 Minutes | How to Fil...   Time Stamps: 0:01 Disclaimer 0:02 Intro 0:06 Important points to note 1:56 Income Tax Login 2:16 Navigation to ITR 4 form Online 2:23 ITR 4 Filing Commencement 3:08 Return Summary 3:11 Personal Information 4:33 Gross Total Income 7:27 Disclosures and Exempt Income 8:51 Total Deductions 10:06 Tax Paid 10:37 Total Tax Liability 11:20 Return Overview 11:34 Preview Return 11:53 Preview and Submit Return 12:35 Validation 12:45 Verification 13:16 Submission 13:26 Closure