How to File ITR When You Have Losses? Set Off and Carry Forward of Losses | Live Demo
21.9 هزار بار بازدید -
3 سال پیش
-
Have you incurred loss under
Have you incurred loss under any head of income in the last financial year? Income Tax Act allows to set-off and carry forward of losses which helps to minimise the tax outflow of the taxpayer. You should be aware of these provisions so that you can calculate the estimated tax liability after considering these losses. This helps you to know your tax liability for the year beforehand and pay advance taxes without any penalty. Also, by setting off losses, you will be able to save taxes as your taxable income will get reduced to the extent of loss claimed in your ITR.
Watch the video till the end to understand all about the set-off and carry-forward provisions, also you can see a live demo to understand how to report these in your ITR.
To file your ITR click: https://bit.ly/FileITROnClearTax
You can also download the BLACK app by ClearTax to file your income tax return: https://bit.ly/FileITRonBlackApp
Free gift for new subscribers: https://clearbycleartax.typeform.com/...
You can also read the below-related articles:
ITR-1
https://cleartax.in/s/itr1
ITR filing due dates
https://cleartax.in/s/due-date-tax-fi...
Income tax savings
https://cleartax.in/s/income-tax-savings
Income tax slabs & tax rates
https://cleartax.in/s/income-tax-slabs
Timestamps
00:00 Introduction
01:10 What is set off and carry forward?
01:35 Rules to ‘Set-off’ losses
02:44 Rules to ‘Carry forward’ losses
04:37 LIVE DEMO
13:49 Conclusion
Relevant links:
💰 Subscribe to get clear explanations of ITR concepts: @blackbycleartax
→ Watch next – How to File Income Tax Return on Blac...
Let’s connect:
IG – Instagram: clearfromcleartax
Twitter – Twitter: ClearfromCT
FB – Facebook: clearfromcleartax
LinkedIn - LinkedIn: mycompany
Clear offers tax compliance and other financial solutions to 400k+ growing businesses, 2000+ large enterprises, 80k+ tax experts and more than 6 million tax filers.
#ITRfiling20-21 #ITRfilingforloss #reportinglossinITR #ITRfiling
Watch the video till the end to understand all about the set-off and carry-forward provisions, also you can see a live demo to understand how to report these in your ITR.
To file your ITR click: https://bit.ly/FileITROnClearTax
You can also download the BLACK app by ClearTax to file your income tax return: https://bit.ly/FileITRonBlackApp
Free gift for new subscribers: https://clearbycleartax.typeform.com/...
You can also read the below-related articles:
ITR-1
https://cleartax.in/s/itr1
ITR filing due dates
https://cleartax.in/s/due-date-tax-fi...
Income tax savings
https://cleartax.in/s/income-tax-savings
Income tax slabs & tax rates
https://cleartax.in/s/income-tax-slabs
Timestamps
00:00 Introduction
01:10 What is set off and carry forward?
01:35 Rules to ‘Set-off’ losses
02:44 Rules to ‘Carry forward’ losses
04:37 LIVE DEMO
13:49 Conclusion
Relevant links:
💰 Subscribe to get clear explanations of ITR concepts: @blackbycleartax
→ Watch next – How to File Income Tax Return on Blac...
Let’s connect:
IG – Instagram: clearfromcleartax
Twitter – Twitter: ClearfromCT
FB – Facebook: clearfromcleartax
LinkedIn - LinkedIn: mycompany
Clear offers tax compliance and other financial solutions to 400k+ growing businesses, 2000+ large enterprises, 80k+ tax experts and more than 6 million tax filers.
#ITRfiling20-21 #ITRfilingforloss #reportinglossinITR #ITRfiling
3 سال پیش
در تاریخ 1400/08/08 منتشر شده
است.
21,984
بـار بازدید شده