If you are now preparing to file your income tax return for the financial year ending 2022-23. So you will have to pay attention to some rules because this year the Income Tax Department has made some important changes in the ITR form. Which taxpayers should know before starting the ITR file. Here are the major changes introduced in the latest ITR form.

If you have earned any income from cryptocurrency during FY 2022-23, you must mention necessary details such as date of acquisition, date of transfer, cost of acquisition and sale income etc. in your return to avoid any hassle while filing your return. Keep close. Taxpayers should check their Form 26AS and AIS to ensure that the income from VDA, in respect of which tax has been deducted under the newly introduced section 194S, has been included in the return of income.

It is necessary to give donation reference number

If you have made any donation during the financial year 2022-23, now only having the donation receipt under section 80G may not be sufficient to claim the deduction. The ITR form now makes it mandatory for taxpayers to mention the Donation Reference Number (referred to as ARN in the ITR form).

Where donations are made to institutions, a deduction of 50% is allowed subject to qualifying limits. ARN is a unique reference number and is available on the Form 10BE/receipt issued by the receiving institution. Therefore, if your donation is eligible for the above deduction, you must ensure that your Form 10BE/Donation Receipt reflects the ARN accurately.

Taxpayers will have to give this information

With effect from 1 April 2021, individuals who are resident in India have the option of deferring tax in respect of income earned on Foreign Retirement Benefit Account. However, if the taxpayer subsequently becomes an NRI, the income on which relief under section 89A was claimed in previous years will be taxable in the hands of the taxpayer.

Earlier it was necessary to disclose the income in the ITR form in the year of withdrawal from the Retirement Benefit Account. The ITR form for FY 22-23 is now also required to disclose the income on which relief under section 89A was claimed in previous years and which has become taxable during the year.

These important changes happened

Certain other changes have also been introduced in ITR forms for AY 2023-24 such as additional disclosures relating to advances in the balance sheet in ITR-3, and requirement to disclose SEBI registered number where the taxpayer is a Foreign Institutional (FII). OR Foreign Portfolio Investor (FPI) is an investor registered with SEBI.

How to file ITR online

1. Tax payers can file their ITR on the online portal of the Income Tax Department at incometax.gov.in .
2. As the first step in the ITR filing process, it is necessary to determine which ITR form is applicable to you. It is mainly based on your income source for the respective financial year.
3. If you are a new taxpayer, there is no reason to worry as necessary guidance is available on the Income Tax Portal itself to enable taxpayers to choose the appropriate ITR form.
4. After selecting the appropriate ITR form, you can file your return either by filling the applicable ITR form online on the e-filing portal or use the Excel/Java utilities issued by the department to fill the ITR form offline and then proceed to upload the same online on the portal.
5. The Income Tax Department has enabled pre-filling of the data already available with the tax authorities. This feature not only auto-populates the general information fields in the ITR form, but also pre-populates details of income on which tax has been deducted at source, dividend income, interest from bank account, etc. This option will reduce data entry and help you prepare your tax return easily.

Please re-verify the pre-filled information with your records as there could be a mismatch between the actual taxable amount and the amount shown in the pre-filled ITR. Taxpayers should also check the details appearing in Annual Information Details (AIS), Form 26AS and Taxpayer Information Summary (TIS) available on the IT portal.

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Many people earn by investing their money in various post office schemes. At the same time, many people earn by taking the post office franchise (how to take Post Office Franchise).

There is no need to invest much money in taking the post office franchise. You can start it with very little money. You will have to invest only Rs 5,000 and you will earn big money. Post office is not accessible at all places. Keeping this in mind, franchise is being given. Let us tell you how you can take a franchise.

How can take franchisee?

The age of the person taking the franchise should be more than 18 years. Any Indian citizen can take the post office franchise. The person taking the franchise must have 8th pass certificate from a recognized school. To apply for the franchise, first you have to fill the form and submit it. On selection, an MoU will have to be signed with India Post. Earning from post office franchise is on commission. For this, the products and services available from the post office are given. Commission is given on all these services. The commission is already fixed in the MOU.

You can earn through commission

After getting the franchise, you can earn through commission. It depends on your work that how much you can earn. Rs 3 on booking of registered articles, Rs 5 on booking of speed post articles, Rs 3.50 on booking of money orders of Rs 100 to 200, Rs 5 on money orders above Rs 200, Rs 1000 per month for registered and speed post 20% additional commission is available on more bookings.

To take the franchise, visit the official website

for the post office franchise, read the official notification of the post office and apply from the official site only. You can click on this official link (https://www.indiapost.gov.in/VAS/DOP_PDFFiles/Franchise.pdf) to apply. From here you can apply for the franchise by downloading the form. Tell that whoever will be selected, they have to sign an MoU with the post department. Only after this he will be able to provide facilities to the customers.

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From June 1, flights will start on the new routes of Bengaluru-Dubai, Kochi-Bahrain, Lucknow-Dammam. And on August 11, Ahmedabad-Jeddah flights. Apart from this, the airline has started Chennai-Dammam and Kochi-Dammam seasonal edition flights for the summer season.

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Let us tell you, Indigo will be the first Indian airline, which is starting flights to connect Bangalore-Dubai, Kochi-Bahrain for the first time. IndiGo’s Head of Global Sales Vinay Malhotra said, ‘These direct connections between cities are not only providing hassle free and cheap options, but also saving your time. ,

At present the airlines has flights to 11 Middle East. Their names are Abu Dhabi, Bahrain, Dammam, Doha, Dubai, Jeddah, Kuwait, Ras Al Khaimah, Riyadh, Sharjah and Muscat.

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Policies are available for people of all age groups in LIC, in which you can collect big funds even with a little investment. One such scheme is LIC’s Jeevan Anand policy, in which you can deposit a corpus of Rs 25 lakh by saving just Rs 45 per day. Many types of benefits are also available in this policy. Let’s know about it in detail…

Thick fund at low premium

If you want to raise thick fund for yourself at low premium, then Jeevan Anand policy can prove to be a great option. In a way, it is similar to a term policy. You can pay premiums for as long as you have the policy. In this scheme, the policyholder gets not one but many maturity benefits. In this scheme of LIC, there is a sum assured of at least one lakh rupees, while no maximum limit has been fixed.

This is the math of Rs 45 to Rs 25 lakh.

In LIC Jeevan Anand Policy, you can get Rs 25 lakh by depositing around Rs 1358 every month. If you look at it per day, you will have to save Rs 45 everyday. You have to do these savings for the long term. Under this policy, if you invest for 35 years while saving Rs.45 daily, then after completion of maturity of this scheme, you will get an amount of Rs.25 lakhs. If you look at the amount saved by you on an annual basis, it will be around Rs 16,300.

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This much amount is received by adding bonus benefits.

If you invest Rs 16,300 every year in this LIC policy for 35 years, then you will invest a total deposit of Rs 5,70,500. Now according to the policy term, the Basic Sum Assured will be Rs 5 lakh, with which after the maturity period, you will be given a revision bonus of Rs 8.60 lakh and a final bonus of Rs 11.50 lakh. Bonus is given twice in LIC’s Jeevan Anand policy, but for this your policy must be of 15 years.

No tax exemption, but rider-death benefit

The policyholder taking the Life Insurance Corporation of India’s Jeevan Anand policy is not given the benefit of any kind of tax exemption under this plan. However, if you look at its benefits, you get four types of riders in it. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider.

Only death benefit benefit has been added to this policy. That is, if the policy holder dies due to any reason, then the nominee will get 125% death benefit of the policy. On the other hand, if the policy holder dies before the maturity of the policy, then the nominee gets money equal to the time assured.

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At the same time, a scheme is also being run by the government to promote small businesses. Its name is Pradhan Mantri Mudra Yojana. Through this scheme, loans are being made available to small businessmen by the government.

Mudra Yojana

Several schemes were launched by Prime Minister Narendra Modi. Through these schemes, different benefits are being provided to the people. Meanwhile, Pradhan Mantri Mudra Yojana (PMMY) was launched in April 2015 by Prime Minister Narendra Modi. Under this scheme, loans ranging from Rs 50 thousand to Rs 10 lakh are provided to non-corporate, non-agricultural small / micro enterprises under PMMY.

Loan amount

In this scheme, the loan amount is divided into three categories. This includes ‘Child’, ‘Kishore’ and ‘Tarun’. Different loan amounts are given in these three categories. Loans up to Rs 50,000 are given under Shishu. Loans ranging from Rs 50,000 to Rs 5 lakh are given under Kishor. And under Tarun, loans ranging from Rs 5 lakh to Rs 10 lakh are given.

Loan Application

If loan is to be taken under Mudra Yojana, then this loan is given through Commercial Banks, RRBs, Small Finance Banks, MFIs, NBFCs. Anyone who wants a loan can contact these banks or can also apply by visiting www.udyamimitra.in .

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