In the recently released IT returns, some new categories have been introduced, in which social media influencers have also been included in the profession (professional) category. Apart from this, intra-day, FNO and nomarle dredding have also been included in the stock market, while separate codes of raw angadia and commission agents have also been created. Now all these people will be monitored separately based on the code. CA Prajnesh Jagasheth says having a separate code will make it easier to analyse everyone's returns. It is not that these people did not file returns earlier but now the situation has changed completely due to the code. Influence has been placed in the separate category with films. This will benefit, income will also increase.
Filing returns under the new category will increase the revenue of the government. The category that has been separated will keep an eye on everyone's income and outflows as well as additional expenses. The government also seems to be preparing to ensure that there is no false claim and taxpayers do not face any problem. Continuous revenue monitoring can also be done properly. CA Danish Choksi says investment in the stock market is currently on the rise. The number of demat accounts is proof of that. People have been putting whatever savings they have in the market and especially the youth. That is why these three categories are to keep a close eye on the movement of the market. Bhaskar Expert - Ramesh Goyal, CA.
According to the new system, all these people have been included, in this way tax can be paid.
Influencers get payments through various social media apps. Apart from this, they also get payment on likes or advertisements. Which mostly comes in white. Therefore, 30 percent tax has to be paid on the amount saved after spending in the income. They will have to file ITR-3. Apart from this, the code will be 16021. Earlier, it used to happen that if they were filing returns, the generals used to file. There was no arrangement for separation. There was also no professional category. Apart from this, general returns were also filed in the stock market. Now those who invest under FNO or any other category will have to fill the form accordingly. In the case of commission agents and raw angadias people who order goods from one trader and give it to another. Especially those involved in the vegetable business. They are also now on the separate list of IT, they are also under the business category.
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