Welcome To Know at one stroke
Know at one stroke aims to simplify and present useful applications of laws in various fields to various sections of users such as individuals, finance and compliance professionals. It also aims to present information which is of general utility to the public and its users, and present such information in a user friendly manner which is easily understood by the users. The information and knowledge provided here is free for all sections of public.
Part Verification
Here I fill a confirmation, that what I filled in my tax return is true and correct. I fill my name, PAN and father’s name and do a signature. Signature means signature. So actually I do a digital signature with my DSC. Or post filing (e filing we call) of tax return, I sign acknowledgement …
Part DI- Deductions details (the new information pack)
The deductions information is to be filled in detail, and will be same as what we shown in deductions while finding taxable income. This is the deductions for which payment is made in the period 1.4.20-31.7.20, the extended period allowed this year for claiming deductions
Part E – The Other information
Collect: All my bank accounts list I list down all my bank accounts, their IFSC codes, and the account (or accounts) preferred in which I would want my refund to come, if there’s a tax refund due.
Part D – Computing Taxes
I compute my taxes. I find my taxes, give my rebate, add cess interest and fee, find my total taxes due, reduce my taxes paid, find out my taxes due or refund due. Ideally there should be no taxes payable as I can’t or shouldn’t deposit my tax return unless all taxes are paid. I …