Need help to manage taxes

[Zacobite]

i never filled ITR before
this year i did transaction across 5 banks total of 50-70l , mostly it was like fd break ,create and sending money from my one bank to another.
and there were total of 4l cash deposit
earned 40k in stocks
lost 12k in fno
i have no job
so i have to pay taxes?
i do not know much,
your help will be appreciated.

Find a CA.. This is not a simple Q. Get right help

 

[prash1161]

still no problem...
FD is bank's problem... they'll deduct TDS and credit it against your name in your Annual Income Statement....
Both, overall interest and TDS deducted will be shown in 26AS along with each and every account from which it was deducted and date.....

Bro if yearly my fd intrest is crossing like 40k so they will deduct tds
But you didn't read one thing
I broke fd and created again
Like I was talking about transaction
Not that i have fd
I don't have 50l🤣🤣🤣🤣🤣🤣🤣

 

[prash1161]

ye screenshot kaha se mila?

Statement ke last mai atta hai

 

[prash1161]

Find a CA.. This is not a simple Q. Get right help

Bro itni bhi income nhi h😅😅😅

 

[Riya]

Bro if yearly my fd intrest is crossing like 40k so they will deduct tds
But you didn't read one thing
I broke fd and created again
Like I was talking about transaction
Not that i have fd
I don't have 50l🤣🤣🤣🤣🤣🤣🤣

I am also telling you that you don't have to think of that...
if they haven't deducted TDS doesn't mean the interest is tax free..
you still have to pay tax if total income at the end of year touches taxable slab.... just see 26AS form...

 

[Riya]

Bro if yearly my fd intrest is crossing like 40k so they will deduct tds
But you didn't read one thing
I broke fd and created again
Like I was talking about transaction
Not that i have fd
I don't have 50l🤣🤣🤣🤣🤣🤣🤣

and moreover this tax related matter is done in June July... why fret over it now...

 

[prash1161]

I am also telling you that you don't have to think of that...
if they haven't deducted TDS doesn't mean the interest is tax free..
you still have to pay tax if total income at the end of year touches taxable slab.... just see 26AS form...

Ok so income is 42k from stocks and max 5k from intrest
And 12k loss from fno
So I don't have to fill itr
Nor ca is required right?

 

[prash1161]

and moreover this tax related matter is done in June July... why fret over it now...

Just gaining knowledge and beaware

 

[techt]

Bro fd was like
I make one fd 5l
I break in a week

Then again create like 2l,2l,1l

Why so..? ?

 

[Riya]

Ok so income is 42k from stocks and max 5k from intrest
And 12k loss from fno
So I don't have to fill itr
Nor ca is required right?

Zero tax....
but still I'd suggest file ITR for 0 tax..
if you could fill the details yourself then good if you've ay CA frnd then better....

 

[varun__goel_]

Toh kitnì baar Fresh FDs ki ?

Fresh FDs ka total 10 Lakh cross kar gaya same Bank ke saath in a FY to Report hoga AIS m😂

Bank acc bhi auto report hote hai? Ya manually krne hote hai?

 

[VISHESH_BANSAL]

Bank acc bhi auto report hote hai? Ya manually krne hote hai?

Phle toh mann marzi thhi, aaj kal toh chota chota Savings Account interest bhi reflect ho raha hai toh khud se Bank Accounts declare karne padege🤣


Exception:-
Paytm Payments Bank ka kabhi nhi hua koi interest reflect😂

 

[Zacobite]

Bro itni bhi income nhi h😅😅😅

CA will take 1000-2500 rs... itna paisa ghumaya.. online help mein aur phansoge

 

[prash1161]

CA will take 1000-2500 rs... itna paisa ghumaya.. online help mein aur phansoge

Bhaiya i have 8 cousins ca but unse help nhi lena vo log family mai bata diye tho unko lagega pata ni kya krta hai

Kuch jugad krna padega

 

[prash1161]

CA will take 1000-2500 rs... itna paisa ghumaya.. online help mein aur phansoge

I check 30l in idfc
15-20l hi fd open close ka hai actual
And 2-3 indie mai hai bas
Baki sab transfer transaction

 

[John Since]

40l in my acc
10l crypto p2p

Crypto P2P will be an issue to disclose if anything reflected in 26AS.
Rest everything will be fine

 

[Yugi]

Bhaiya i have 8 cousins ca but unse help nhi lena vo log family mai bata diye tho unko lagega pata ni kya krta hai

Kuch jugad krna padega

No need to ask your family members for help. Go to website like cleartax or any other website and request for CA, explain CA everything and see what they do, then from next year you wont need them. It is like one time cost. If for your lack of awareness you get a notice, then you will be running behind CA's and paying much more than this, including providing details how did you get money in the first place with all proofs.

 

[prash1161]

Crypto P2P will be an issue to disclose if anything reflected in 26AS.
Rest everything will be fine

bro p2p is like
i am paying u in inr and u r sending me crypto in offline wallet
and i am sending it to another person and he is sending me inr
so its not through any website
i do not think any issue
so i do not have to fill itr right?

 

[prash1161]

No need to ask your family members for help. Go to website like cleartax or any other website and request for CA, explain CA everything and see what they do, then from next year you wont need them. It is like one time cost. If for your lack of awareness you get a notice, then you will be running behind CA's and paying much more than this, including providing details how did you get money in the first place with all proofs.

initial money is 3-5l, rest is transaction

 

[vaibhav111]

I don't have 50l

we all though you had 50 lakhs- 50l mean 50 Lakhs..