Income Tax Satsang with Gaurav Jain & CA Yogesh Katariya

Join us for our informative and engaging Income Tax Satsang, a unique opportunity for investors to gain clarity on a wide range of topics including Financial Planning along with Income Tax Planning. Our live sessions provide you with a valuable platform to explore and discover new insights into the world of Income tax planning.
TIMESTAMPS
00:00 Start
00:47 📅 Understanding Income Tax Filing Deadlines
01:48 📑 Explaining Different Tax Regimes
03:12 📊 Clarifying Restrictions on Switching Tax Regimes
04:50 📊 Speculating on Income Tax Categories
05:16 📈 Options for Tax Regime Switching
06:01 📉 Impact of Deductions and Allowances
08:09 📊 Understanding additional deductions for manufacturing units
08:37 📑 Clarifying tax implications on donations and personal loans
09:17 📈 Factors influencing tax calculations for property sales
13:27 📄 Understanding Income Tax Filing for Senior Citizens
14:08 💰 Clarifying Business Income and Tax Implications
15:38 📊 Guidelines for ITR Filing under the New Tax Regime
18:32 📉 Impact of tax regime change on losses and deductions
19:26 📑 Claiming deductions under Section 80D for insurance premiums
20:25 🏦 Handling discrepancies in Form 16 and Income Tax portal
21:31 💼 Clarification on types of income for IT returns
22:48 📊 Reporting Foreign Income to India
23:18 🌐 Utilizing NRO Accounts for Borrowings
24:12 💡 Tax Treatment of Gifts and Donations
25:42 🌍 Investment Concerns: India vs. Canada and US
26:25 🌍 Overview of Mutual Fund Investments for NRIs
27:06 📊 Tax Implications for Indian Residents vs. Non-Residents
28:18 🏠 Real Estate and Taxation Insights
29:53 📊 Understanding Capital Gains Taxation
30:47 📝 Importance of Form 16 in Tax Filing
32:30 📈 Tax Implications of Senior Citizen Investments
33:59 🏠 Property Purchase and Tax Planning
34:18 📝 Creating HUF for Tax Benefits
34:45 🚼 Conditions for Forming HUF and Tax Implications
35:28 💼 Income Tax Planning for Professionals
37:29 📊 Understanding professional services in tax filing
38:23 📉 Impact of large financial transactions on savings accounts
39:20 🎁 Tax implications of investments and gifts involving spouses
40:45 💡 Considerations for safe and compliant financial dealings
40:59 📈 Income Tax Implications of Clubbing in Accounts
41:53 💼 Tax Planning Benefits of Company Provided Cars
42:39 🚗 Tax Planning Tools: Car Leasing and Rental Deductions
44:43 📝 Understanding Family Pension Claim and IT Filing
45:29 📊 Mandatory IT Filing Above INR 9 Lakhs Income
46:11 💼 Taxation Insights on International Funds and IPOs
47:07 🌐 Explaining Business Income from IPOs
48:41 📈 Capital Loss and Interest on Home Loan
49:08 🏠 Clarifying Capital Loss vs. Capital Gain
50:06 📝 Tax Deductions and Salary vs. Rental Income
50:32 💸 Impact of TDS on Income Tax Filing
51:38 📄 Importance of Filing Income Tax Returns
51:54 🎓 Educational Fellowship and Tax Implications
52:21 📚 Fellowship and Internship Taxation
52:50 💼 Taxation Issues for Doctors During Training
53:32 🌍 Double Taxation and Tax Residency

[@InvestYadnya]

🎯 Key points for quick navigation:
00:47 *📅 Understanding Income Tax Filing Deadlines*
- Understanding the deadlines for income tax filing, especially focusing on the recent filing period ending June 30th.
- Importance of timely filing and preparation of necessary documents.
01:48 *📑 Explaining Different Tax Regimes*
- Explanation of the differences between the old and new tax regimes.
- Considerations for taxpayers in choosing between old and new tax regimes.
03:12 *📊 Clarifying Restrictions on Switching Tax Regimes*
- Restrictions and considerations when switching between tax regimes, especially regarding business income.
- Importance of understanding the implications before making a decision.
04:50 *📊 Speculating on Income Tax Categories*
- Understanding the implications of choosing between different income tax categories.
- Specifying business income categories and avoiding confusion.
05:16 *📈 Options for Tax Regime Switching*
- Exploring the flexibility to switch between old and new tax regimes.
- Considerations for employees opting for old or new tax regimes.
06:01 *📉 Impact of Deductions and Allowances*
- Assessing the impact of home loan interest, HRA claims, and Chapter VI deductions.
- Comparing benefits under the old and new tax regimes with deductions.
08:09 *📊 Understanding additional deductions for manufacturing units*
- Discusses how increasing the number of employees in a manufacturing unit can lead to additional deductions on salaries.
- Highlights the relevance and impact of these deductions for manufacturing businesses in current tax scenarios.
08:37 *📑 Clarifying tax implications on donations and personal loans*
- Explains the tax implications of donations made through fundraising platforms versus personal bank accounts.
- Discusses scenarios where personal loans and donations affect income tax returns in India and the UK.
09:17 *📈 Factors influencing tax calculations for property sales*
- Covers the essentials of tax filing related to property sales, focusing on factors like acquisition cost, valuation methods, and the importance of consulting a tax consultant for accurate calculations.
13:27 *📄 Understanding Income Tax Filing for Senior Citizens*
- Senior citizens are exempt from paying advance tax if their income is only from interest and capital gains from the stock market.
14:08 *💰 Clarifying Business Income and Tax Implications*
- Income from futures, options, and intraday trading is considered business income, requiring advance tax payments.
15:38 *📊 Guidelines for ITR Filing under the New Tax Regime*
- Under the new tax regime, filing ITR requires detailed categorization of income types for accurate tax assessment.
- Understanding implications of carrying forward losses under old tax regime versus new tax regime,
18:32 *📉 Impact of tax regime change on losses and deductions*
- Discussing how changes in tax regime affect carrying forward losses,
19:26 *📑 Claiming deductions under Section 80D for insurance premiums*
- Eligibility and conditions for claiming insurance premium deductions under Section 80D,
20:25 *🏦 Handling discrepancies in Form 16 and Income Tax portal*
- How to address discrepancies between Form 16 and the Income Tax portal,
21:31 *💼 Clarification on types of income for IT returns*
- Explanation of different types of income including pension, FD interest, capital gains, and commissions,
22:48 *📊 Reporting Foreign Income to India*
- Understanding the implications of reporting foreign income to Indian tax authorities.
- Foreign income sourced through loans, donations, or networks is a concern if credited to an Indian account.
- Non-Resident Indians (NRIs) need to comply with Indian tax laws on income originating from friends and relatives abroad.
23:18 *🌐 Utilizing NRO Accounts for Borrowings*
- Exploring the advantages of using Non-Resident Ordinary (NRO) accounts for borrowings.
- NRO accounts are more suitable for managing borrowed funds compared to NRE accounts.
- Income received from friends and relatives may not attract significant taxation implications under certain circumstances.
24:12 *💡 Tax Treatment of Gifts and Donations*
- Understanding the tax implications of gifts and donations received under Indian income tax regulations.
- Gifts received under certain conditions may not be taxable under Indian tax laws.
- Proper documentation and disclosure are crucial when filing Income Tax Returns (ITRs) to avoid discrepancies related to donations and gifts.
25:42 *🌍 Investment Concerns: India vs. Canada and US*
- Comparing investment regulations between India, Canada, and the US, specifically related to mutual funds.
- Concerns arise over regulatory differences and investment limitations when considering mutual funds in Canada and the US.
- Indian investors must navigate varied regulatory landscapes to ensure legal compliance and maximize investment opportunities.
26:25 *🌍 Overview of Mutual Fund Investments for NRIs*
- Explanation of rules regarding Indian mutual fund investments for NRIs,
27:06 *📊 Tax Implications for Indian Residents vs. Non-Residents*
- Differences in taxation between Indian residents and non-residents,
28:18 *🏠 Real Estate and Taxation Insights*
- Taxation scenarios for real estate investments in India,
29:53 *📊 Understanding Capital Gains Taxation*
- Understanding how capital gains tax is applied when selling assets like gold.
30:47 *📝 Importance of Form 16 in Tax Filing*
- The significance of Form 16 in providing accurate income details for tax filing.
32:30 *📈 Tax Implications of Senior Citizen Investments*
- Discussing tax considerations for senior citizens investing in assets like gold.
33:59 *🏠 Property Purchase and Tax Planning*
- Discusses tax implications of purchasing house properties and strategies to mitigate tax liabilities.
34:18 *📝 Creating HUF for Tax Benefits*
- Explains the benefits of creating a Hindu Undivided Family (HUF) for tax planning purposes.
34:45 *🚼 Conditions for Forming HUF and Tax Implications*
- Details the conditions under which an HUF can be formed and its implications on income tax.
35:28 *💼 Income Tax Planning for Professionals*
- Focuses on income tax planning strategies specifically tailored for professionals like consultants.
37:29 *📊 Understanding professional services in tax filing*
- Understanding the distinction between professional and consultancy services in tax filing.
38:23 *📉 Impact of large financial transactions on savings accounts*
- Discussing the implications of large financial transactions triggering alerts in the income tax system.
39:20 *🎁 Tax implications of investments and gifts involving spouses*
- Understanding the tax implications when investing or gifting through a spouse's account.
40:45 *💡 Considerations for safe and compliant financial dealings*
- Guidance on managing financial dealings safely to avoid inadvertent taxation issues.
40:59 *📈 Income Tax Implications of Clubbing in Accounts*
- Understanding the tax implications of clubbing income in joint accounts.
41:53 *💼 Tax Planning Benefits of Company Provided Cars*
- Tax implications of company-provided cars for employees.
42:39 *🚗 Tax Planning Tools: Car Leasing and Rental Deductions*
- Tax planning considerations for leased cars under salary and business income categories.
44:43 *📝 Understanding Family Pension Claim and IT Filing*
- Explanation of family pension claim process and its implications.
45:29 *📊 Mandatory IT Filing Above INR 9 Lakhs Income*
- Mandatory IT filing criteria for incomes exceeding INR 9 lakhs.
46:11 *💼 Taxation Insights on International Funds and IPOs*
- Tax implications of international funds similar to FD interest taxation.
47:07 *🌐 Explaining Business Income from IPOs*
- Discussion on the taxation treatment of business income from IPOs.
- Understanding various types of investment income and their tax implications,
48:41 *📈 Capital Loss and Interest on Home Loan*
- Explanation on capital loss treatment and its implications,
49:08 *🏠 Clarifying Capital Loss vs. Capital Gain*
- Differentiating between capital loss and capital gain,
50:06 *📝 Tax Deductions and Salary vs. Rental Income*
- Clarifying tax deductions related to salary and rental income,
50:32 *💸 Impact of TDS on Income Tax Filing*
- Understanding the impact of TDS (Tax Deducted at Source) on income tax filing,
51:38 *📄 Importance of Filing Income Tax Returns*
- Importance of filing income tax returns to avoid penalties,
51:54 *🎓 Educational Fellowship and Tax Implications*
- Tax implications of educational fellowships and stipends,
52:21 *📚 Fellowship and Internship Taxation*
- Understanding the tax implications of fellowship and internship stipends.
52:50 *💼 Taxation Issues for Doctors During Training*
- Taxation complexities for doctors during their post-MBBS training period.
53:32 *🌍 Double Taxation and Tax Residency*
- Explaining the concept of double taxation and its implications for global income.
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[@sachidanandapati8633]

Plz do this program again , thankyou very much ❤

[@sarthak241989]

Sir, in new tax regime, they are clubbing reimbursement claimed against ltc ie flight tickets in taxable income. Isn't this double taxation as first we are paying gst on flights, then income tax on the reimbursement of those flights

[@sarthak241989]

Please enable download option

[@sunilkumarjain9430]

sir huf may fund kaysay gift karay?

[@mitulchauhan8687]

Does sellIng the stock allotted during IPO on listing date ..fall in intraday ?

[@mapa5497]

Allotment toh pehle ho jata hai. phir bech pate hai

[@mjan1509]

Hope, ur satang will be peaceful and quite,
no stampede here ifbu will take all questions 1 by 1

[@sandeepkadam9359]

Hello sir , how are you