Name Correction Form Hindi Pf: Fill & Download for Free

This answer will Highlight the frauds and the manipulations going on with the Savings of everyone living below the Low-Upper-Class in the Economic Strata.There are a total of 6 types of major pool where a person belonging to this strata actually puts his or her earnings.Apart from the above four, many people do have Stock Investments as well as Mutual Funds.The fraud is going on because of the Government and Private Financial Services Organisations taking advantage of Aysmmetric Information that Common people suffers from.You may have already experienced this, in form of bone-chilling effect as felt during De-Monetisation in India, which was the deprivation of your own earned money by the Banks.This was followed by Loan defaults by many Individuals and Companies.The cumulative effect of Closing of Businesses due to Demonetisation and Loan Defaults of such large sum of Money, led to the collapse of big NBFCs like DHFL and IL&FS.NBFCs are the real bread-winner for the Banks, but their Business Model is very Fragile.To understand this, we have to dissect the Business models of some Banks where they offer 7% interest per annum on all of their Saving Accounts to attract more customers.To meet 7% target, Banks have to raise all of the deposited money in Savings at close to 10 to 12 % Loans while including the operational costs of the bank.For this they take help from the NBFCs, which are specialized in raising Loans at 20 % to 40 % interest rate and that to less credit worthy people.This mostly leads to Loan Defaults.Now, as NBFCs face doom, hence the Banks with higher exposure to those NBFCs also starts sinking.Then, Government instead of catching the loan defaulters, brings some laws like FRDI Bill 2017, which had a Bail-in provision to save Banks using the deposited money of its Savings Account holders.( Text in Hindi : Risk of destruction of savings of Account Holder of Banks by FRDI Bill 2017 )Laws like FRDI will block the customers from withdrawing money, when they need it the most.And only God knows if these Banks will survive even after Cannibalising on the savings of their own customer.Due to this, there will a fear among Account holders and they will start withdrawing their Money from their Bank.Hence, the overall Consumer confidence crashes and it is reflected in the Stock market.You see, the BankNifty is one of the biggest Index by the Size of Capital traded on daily basis.Thus, when the BankNifty crashes, because of the Banking Sector failures, Nifty 50 follows its lead.As the Stock Market bottoms out, so does the Savings of a common man. In addition to this, the Provident Funds and Mutual Funds will also get wiped out simultaneously.The Provident Fund money is one of the most brutally Manipulated Funds because common people do not actively manage these by keeping an eye on them and its AMCs.Because of being ignored, the Provident Funds Money is used to Pump-up the Market so that Money-snatchers, like Investment Banks, can book profits.Just like PF, Capital of Insurance Companies, which is essentially the accumulated Premium of Insurances and is the last Economic Security of the Common person, also faces brutal manipulation.Even after all of these, Some interventions are taken by Governemtns, which actually proves to be totally against the Rights of the Customers, like it happened in the case of Yes Bank.In fact, in the Yes Bank case, one of my friend had lost close to 2 lakhs of Rupees because of the forceful retrospective buy-back of the Yes Bank Shares by the Broker Apps like Angel Broking from his Trading Account.As Economy is further going down, a foolish impromptu announcement of Bank Mergers can reduce our invested money to just half within weeks.Or even worse, as seen in United States of America recently, the higher management of so many companies declaring Bankruptcy just after receiving bailout package from the Governemnt.The CXOs and Board Members of these Companies distributed the package among themselves, while completely abandoning its Shareholders and Employees.In this quagmire, a common person is confused if he or she should invest in stock market or not.Then came the Magician who make Believers believe that he or she has predicted the upturning of market soon based on some prophecy.The Asset Managing Companies like Goldman Sacbs take advantage of this cult and show some light of hope to common people so that they pour in their money in the market in the form of Mutual Funds.And the Poor common person, who is busy in his or her life and suffering from so many cognitive biases and having asymmetric informations, falls for these fake opportunities.Now these AMCs take their own clients for ride even when these AMCs manager knowing that Stock Market is a Zero sum game since nothing is produced here.That is, only Snatchers are able to survive in the Stock Market, while Believers are left to cry.The biggest surprise to me was that even after hiring the brightest mind, these Big Investment firms are as better at predicting markets as flipping a coin.However, these Investments Firms have power of capital to manipulate the market.Hence, they follow their age-old pump-and-dump scheme where in order to grow their own money, they create a trap to snatch money from common person.This all starts with a mild up trend which is fueled by the Smart Money of Financial Advisors themselves.After Smart Money comes the Client’s money which further pumps up the market.Now, in the 3rd phase, these Investment Firms need to book profit by selling the pumped up stocks to the Provident Funds, Mutual Funds and Local Financial Advisors.That is why the agencies like S&P, Goldman Sach and CRISIL paint a bright picture to the Mutual Fund buyers while mentioning that “your investments are subject to market risk” in a hurry.We can feel this deception where these Brokerage Firms offer Mutual Funds at 0 % commission, as they get it from the Companies whose Mutual Funds they sell.And when Our Investments are butchered by the so called market risks, the whole Business News Media spells the Voodoo magic of Market Correction which was actually initiated and executed by the Snatchers of the Stock Market.By highlighting these, I wish to create awareness among common people, like myself, to be prudent with their money.A simple checklist before putting in our hard earned money anywhere, can save us from a lifetime misery.Our dreams and survival after retirement may depend upon these 6 kinds of money namely :SavingsFixed DepositsProvident FundsInsuranceStocks/Equity portfolioMutual FundsWhile the following are Snatchers, whose bread and butter comes only after Snatching our money :Investment BanksLocal Financial AdvisorsProvident Fund AMCsHence, the bottom line is, Do not become a Believer for no reason.Other Stock Related Answers :Anubhav Yadav's answer to Why do humans never beat AIs in financial markets?Anubhav Yadav's answer to Are stock prices correlated with public sentiment rather than company fundamentals?Anubhav Yadav's answer to Is there a real time stock market data feed API for NSE, BSE, & Mcx to implement in our custom software?

Please dont judge me for this .First of all an intro i do have a problem with my fate whenever i do anything wrong (telling a lie or doing something that is morally not correct ) i easily get caught by my parents , teachers or friends . You should be thinking that this happens with everyone but it's a different kind of thing you will get to know just read…So lets start , its approx 5 years ago i was in class 9th i had a huge crush on a girl in my school right from class 6th and i was so mad at that time that i was willing to do anything for her , let the girl be x .It was a one fine day in school , just like usual days .. i do remember that it was a bloody friday and on fridays our third lecture or period as we say used to be of supw or co-circular activities ( in which we can take classes of art , music ,dancing etc ) but actually it was a fun period and we searched for things to do , on that day i had a cheesy idea of writing an english song full of abusive words and slangs so i started with my idea , writing it down on a piece of paper … i completed it and showed it to one of my friend , he then added some lines and some names ( name of x was also included somehow i didn't noticed ) then i folded the paper and kept it in my shirt's pocket .After two lectures i was reading that piece of "ART" that was written by me and suddenly one of my friend snatched that away from me . I followed him and shouted on him to return that piece of art to me and suddenly somehow everyone in the class were looking at us , teacher too was interested in what was going on , as soon as i saw everyone looking at us and the piece of art ,I snatched it from my friend's hand and put it back in my pocket and approached my chair to sit , after some time i saw that teacher was asking to students about what did happen and i thought that it was the right time to demolish my piece of art so i took the paper out of my pocket and tore it , threw it in dustbin as expected teacher came to me and checked my pockets for the piece of paper ( at that time i was so calm and felt like phewww it was indeed a good decision ) but the teacher took out a piece pf paper from my pocket and i was like what the fuck i throwed it away ( but soon i remembered that the paper i threw was the one which was written by me expressing my feelings towards 'X' and there were two papers in my pocket before ) so i was totally fucked up from top to bottom, the teacher took a look at my art and sent me and the piece of 'ART' to the principle ( one more thing that hit my mind in the principle's office was that there are names of students in my piece of art ) then firstly principle scolded me , he slapped me 20–30 times then my parents were called …….Then principle illustrated all the lines of my song to my parents in hindi and also maked up that it was all intented for the students whose name were on it , he literally explained the meaning of fuck in hindi .Then my father asked me " what is this , you are only in 9 th class and you are doing these things and you want to fuck " he then also slapped me in front of everybody in the school.And also my crush 'x' also came to know that her name was also in there . So you know what happened next … (nothing )Moral : check you pockets twice .And sorry for the long answer

Fill in ITR 1 formAs stated in our article Income Tax Base For Different Members (Individual, Hindu Undivided Family, Company) and Income Type (Income from Salary, Business, etc.). Various forms are required for submission of return shipments. Income tax return should only be submitted when gross income (income from all sources, for example: salary, home, bank account savings) is more than the government-specified exemption limit, as set out in the basics of the income tax statement, before deduction. In this article, we will show you how to complete the income tax ITR1, so let's know more about ITR-1 for the 2012-13 fiscal year (2011-12 financial year). Income Tax Section Instructions for completing ITR-1 (pdf) also explain how to complete ITR-1.ITR-1 formIncome Tax Form 1 (ITR-1) also called Sahaj (meaning simply in Hindi)applies to Individual Only with income from:1. Income from salary / pension: or2. Income from a property (excluding last year's loss): or3. Income from other sources (excluding lottery income and income from race horses)So, if you have income from business or occupation or capital gains, you can not use an ITR-1 form, you must use other ITR forms. It is the simplest income tax form. ITR-1 form can be downloaded here (pdf)ExampleTo fill out Form 16, we will take an example of Mr. T. Mehta who hasIncome from salary: Documentary evidence is form 16. TDS for salary has been updated in Form 26AS.Income from other sources: Interest on bank account (Rs 5000) and Interest rate on fixed deposit (Rs 20,000). Documents for:Interest on saving bank account document is bank account. No TDS is deducted from interest when storing a bank account.Fixed rate interest rate: Document is Form 16A, which shows TDS by 10% if interest on the fixed deposit in the financial year exceeds Rs 10,000. As Mr Mehta earned interest of Rs 20,000, the bank would deduct 10% of 20,000 i.e 2000. This will be updated in the form 26AS.He earned dividends from shares and mutual funds for an amount of R2.200. The interest rate from PPF was Rs 672. This income is tax-free or exempt incomeChapter VI-A Deductions: He has made investments that allow him to save income tax. Proof of these investments was submitted to his employer so that they appear in his form16.Section 80C: He has invested Rs 30,000 in the Public Provident Fund (PPF), Rs 7000 paid as a premium for LIC policy. With these investments, he can save tax under Article 80C.Article 80D: He has paid Rs 10,000 for health insurance premium for his family.Tax deducted at Source (TDS) is Rs 46,269.Salary income, Rs 44,269 shown in Form 16, including Education Cess and Supplement.Interest on fixed deposit R 2,000 shown in form 16A given by bank. (Note bank only gives TDS when interest on FD exceeds 10,000 per year)Mr Mehta has to fill ITR-1. Let's see how the above data is reflected in ITR-1.Shape structureITR1 form is divided into several parts, such as:Part A: Personal data: Filling out individual ITR form: Fields A1 to A22 handle it.Part B: Gross Total IncomePart C: Deduction and taxable Total IncomePart D: Taxation and Tax StatusBank account information (required in all cases, regardless of whether the refund is due or not)VERIFICATIONSch IT - DETAILS OF PREFERENCES AND SELF EVALUATION TAX PAYMENTSSch TDS1: Details of Tax deducted from Source of Salary. (Per form 16 issued by employer (s))Sch TDS2 DETAILS OF TAX ARE SOLD IN SOURCE OF OTHER REVENUE THAN SALARY (According to Form 16A issued by Deductor (s))ADDITIONAL SCHEDULE TDS 1ADDITIONAL SCHEDULE TDS 2For example, each field in the form has a tag: Tag for FIRST NAME is A1, while Income from Salary / Pension A13 is. These tags help to find the right field quickly. We will refer to these tag names along with field names.General instructions for filling out the formQuote from official instructions for filing ITR2All items must be completed in the manner specified therein; Otherwise, returns may be invalid or even invalid.If a scheme does not apply, cross over as "-NA-".If an item does not apply, write "NA" to that item.Write 'Nil' to name zero digits.With the exception of the form, for a negative figure / digit of loss, write "-" before that number.All numbers must be rounded to the nearest rupee. The figures for total income / loss and tax due will ultimately be rounded to the nearest majority of ten rupees.Part B: Gross Total IncomeAs we know, ITR-1 applies to people who earn income from salaries. Income can only be charged in this head / category of income from salary if there is an employer-employee relationship between the payer and the beneficiary. Salary includes basic salary or salary, any annuity, gratuity, advance payment of salary, extension of enrollment, commission, benefits instead of or in addition to salary and retirement benefits. Income from salary explains it in detail.Document showing the salary obtained is Form 16 and Form 12BA.Form 16: At the end of the financial year, employer gives employee form 16 containing all available earnings, deductions and exemptions. Understanding Form 16: Income Tax explains Form 16 in detail.Form 12BA: Provide details of Perquisites by the employer to the employee. Understanding of Perquisites, Concept Form 12BA speaks about Perquisites in detail.Form 16 of Mr. Mehta is shown in the figure below. While the total salary is 6.24 600 due to exemptions under Section 10 ex: HRA, Transport, Gross Total Income is 6.01.900. This is what must be completed in ITR-1 field B1, Income from salaryForm 16: Revenue DetailsForm 16: Revenue DetailsSo Part B as ITR 1 for Mr. Mehta will be as follows:ITR1: Part BITR1: Part BPart C: Deduction and taxable Total IncomeAs mentioned earlier, Mr. Mehta Rs has invested 30,000 in the Public Provident Fund (PPF), Rs 7000 paid as a premium for LIC policy. With these investments, he can save tax under Article 80C. He paid Rs 10,000 for health insurance premium for his family, allowing him to save taxes within the meaning of Article 80D. He had submitted proof of these investments to his employer so that they were reflected in his form16, as shown in the figure below.Form 16: DeductionForm 16: DeductionThis is reflected in ITR1 Part C, as shown in the picture below:ITR1: Part CITR1: Part CProof of deduction not submitted to employerIf you have not submitted proof of tax-saving instruments to your employer. Then it will not appear in Form 16. But you can still display it in the ITR, as shown in Figure ITR1: Part C.What would the difference be: Suppose Mr Mehta did not submit the proof, then the subscriptions in Form 16 would be less than 0. The total income in Form 16 (item 11 in Form 16: deduction) would be Rs 6,01,900 and not 5,54,900. This would cause his employer to deduct more tax for him.Part D: Taxation and Tax StatusWe now have to calculate tax on Mr Mehta. The total taxable income of Mr. Mehta is: Rs 5.79.900 as follows:Income after deduction of salary (5,54,900) andIncome from other sources (Interest on savings bank account Rs 5,000 and Rs 20,000 Interest of FD)Calculation of taxMr. Mehta is a man under 60, so his exemption limit per year 2012-13 is 1.80,000. So the calculation of his income is given belowDescription Income taxExempt Income 1,80,000 0Income taxable at 10% 3,20,000 32,000Income taxable at 20% 79,900 15,980Total 5.79.900 47.980Education Cess @ 3% of income tax 1.439Total tax liability 49,419TDS / Advance Tax deposited 46,269Net tax owed 3,150Mr Mehta has a net tax loss. This is due to the interest in saving bank account and the TDS for interest on FD would be 20% due to Mr. Mehta income board, but the bank cut by 10%. So Mr. Mehta has to pay Rs 3,150 self-tax with Challan Challan No. ITNS 280 is used for payment of income tax.Select (0021) INCOME TAX (OTHER COMPANIES) in the applicable tax areaSelect (300) SELF ASSESSMENT TAX in the type of payment.After paying tax liability, Part D, Taxation and Tax Status of ITR-1ITR1 : Part DNote:Although efforts have been made to provide the right information, this is our understanding of the Income Tax Act. Excuses in advance for any errors. Please let us know and correct.Please do not understand this as a professional financial advisory. You must consult a Qualified Income Tax Adviser (CA / Income Tax Attorney) before you make an income tax decision. We do not accept liability for any interpretations of articles or comments on this blog that are used for actual tax purposes.Please do not send us any emails to ask us to check your income tax details. But if you have any doubts about the article or some clarifications are needed, or you feel that something is wrong. Please leave it in the response section so that all readers can benefit.