অনুসন্ধান ফলাফল

Easily estimate your income tax liability for the financial year. Get accurate results and plan your finances effectively with the Income Tax Calculator! আয়কর ক্যালকুলেটর (পুরাতন বনাম নতুন) What is an Income Tax Calculator? ২০২০ সালের কেন্দ্রীয় বাজেটে অর্থমন্ত্রী নির্মলা সিথারমন ব্যক্তি ও এইচএফ করদাতাদের পুরানো স্কিমের অধীনে কর পরিশোধের জন্য একটি নতুন প্রকল্প চালু করেছেন বা করের একটি নতুন প্রকল্প চালু করা হয়েছে। স্বতন্ত্র / এইচইউএফ-এর কাছে দুটি ট্যাক্স স্ল্যাব যে কোনওটিই সুবিধাজনক between اور পুরানো স্কিমের অধীনে বিভিন্ন ছাড় রয়েছে যেমন অধ্যায় ভিআইএ এর অধীনে, বেতন থেকে স্ট্যান্ডার্ড ছাড়, হাউস প্রপার্টি, আবাসন Interestণের সুদ, ৮০ জি ছাড় ইত্যাদি সকল ছাড় কাটা হয়েছে নতুন ট্যাক্স স্লাবের আওতায়, যেখানে নতুন হার এবং করের স্ল্যাব রয়েছে নির্ধারিত হয়েছে। اور এখানে আমরা উভয় প্রকল্পের আওতায় ট্যাক্স স্ল্যাব এবং করের হারগুলি দেখি: اور 1. পুরানো স্কিম اور বুনিয়াদি ছাড়ের সীমা ২.৫ লক্ষ টাকা اور করের আয় রেঞ্জ اور আড়াই লক্ষ থেকে ৫ লক্ষ ৫% ৫ লক্ষ থেকে ১০ লক্ষ ২০% 10 লক্ষ 30% এর উপরে اور সমস্ত ছাড়গুলি পুরনো স্কিমের অধীনে পাওয়া যাবে অর্থাৎ স্ট্যান্ডার্ড। অনুচ্ছেদ ভিআইএ, 80 জি এবং অন্যান্য 80 টি ছাড়ের অধীনে ছাড়, ছাড় St হাউজ প্রপার্টি থেকে ছাড়, আবাসন loanণের সুদ ইত্যাদি اور 2. নতুন স্কিম اور বুনিয়াদি ছাড়ের সীমা ২.৫ লক্ষ টাকা اور করের আয় রেঞ্জ اور আড়াই লক্ষ থেকে ৫ লক্ষ ৫% 5 লক্ষ থেকে 7.5 লাখ 10% 7.5 লক্ষ থেকে 10 লক্ষ 15% 10 লক্ষ থেকে 12.5 লাখ 20% 12.5 লক্ষ থেকে 15 লক্ষ 25% ১৫ লক্ষ ৩০% এর উপরে اور পুরানো প্রকল্পের আওতায় পাওয়া এই প্রকল্পের আওতায় কোনও ছাড়ের অনুমতি দেওয়া হবে না اور اور আপনি যদি উভয় প্রকল্পে আপনার ট্যাক্স গণনা করতে চান এবং তারপরে কোন বিকল্পটি প্রয়োগ করা উচিত তা সিদ্ধান্ত নিতে চান, আমরা ক্যালকুলেটর সরবরাহ করছি। اور اور Demonstration of Income Tax Calculation Below is a virtual representation of Priya’s Income structure. Basic Salary: Rs.1,00,000 per month HRA: Rs.50,000 per month Special allowance: Rs.21,000 per month Leave Travel Allowance: Rs.20,000 per year Rent Paid: Rs.30,000 per month To calculate the income tax, you must include the income from all the sources in the IT calculator. Salary income House property income Income from capital gains Income from other businesses or professions (such as freelancing or other related work) Income from other sources (such as FD, interest income, etc.) Now, To reduce her taxable income and save on income tax, Priya has made several investments and incurred expenses. She can claim deductions for these investments and expenses under the old tax regime PPF Investment: Priya has invested Rs. 50,000 in a Public Provident Fund (PPF) account. ELSS Purchase: She purchased Equity-Linked Saving Scheme (ELSS) investments worth Rs. 20,000 during the year. LIC Premium: Priya paid Rs. 8,000 as a premium for her Life Insurance Corporation (LIC) policy. Medical Insurance: She paid Rs. 12,000 for medical insurance. Income Tax Calculation Under Old Tax Regime Income Tax Calculation Under New Tax Regime Below is a detailed explanation of how tax has been calculated under the new tax regime. Exemptions & Deductions on Total Income Tax {under New Tax Regime FY 2024-25 [AY 2025-26]} Here are the tax exemptions and deductions available under the new tax regime (introduced under Section 115 BAC) in the Income Tax Act. Additional Employee Costs: Deduction for additional employee-related expenses incurred by employers. Perquisites for Official Purposes: Tax exemption for expenses like meals, accommodation, and transportation related to official duties. Transport Allowance for PwD: Tax relief for Persons with Disabilities (PwD) on travel expenses between their home and workplace. Employer's Contributions to Employees’ NPS Accounts : Deduction available for employer contributions to employees' NPS (National Pension Scheme) accounts. Exemption for Voluntary Retirement Scheme: Income from a voluntary retirement scheme is not taxed. Travel/ Tour/ Transfer Compensation: Deduction for expenses incurred during official travel, tours, or transfers. Gifts of up to Rs. 5,000: Gifts received up to Rs. 5,000 yearly are not taxable. Interest on Home Loan on Lent-Out Property: Deduction available on the interest paid for home loans on rented-out properties. Gratuity Amount: Gratuity received on retirement or death is not subject to tax. Leave Encashment: Tax exemption on the amount received as leave encashment. Deductions on Deposits in Agniveer Corpus Fund: Deduction is available for deposits made in the Agniveer Corpus Fund. Standard Deductions on Family Pension: Standard deductions are available on family pensions received by taxpayers. Conveyance Allowance: Deduction for expenses related to work-related travel. Exemptions & Deductions on Total Income Tax {under Old Tax Regime FY 2024-25 [AY 2025-26]} Section 87A: If your income is Rs. 5 lakhs or below, you can avail of a tax rebate of up to Rs. 12,500. Section 80C: When you invest in tax-saving schemes like ULIP, PPF, National Savings Certificate, ELSS, and similar financial instruments, you can claim a tax deduction of up to Rs. 1.5 lakh on the interest income. Section 80CCD (1B): This clause permits a tax exemption for National Pension Scheme (NPS) contributions up to Rs. 2 lakhs. Section 80G: Donations made to charitable organizations or for scientific research can be fully exempted from taxable income under this section. Section 80D: A tax exemption of up to Rs. 25,000 on medical insurance can be availed on premium payments for yourself and your family. This limit may extend to Rs. 50,000 for senior citizens. Section 80E: For up to 8 years, the interest paid on education loans is fully exempted. Section 80TTA/80TTB: Under Section 80TTA, interest or income from savings accounts up to Rs. 10,000 is waived from taxable income. The limit extends to Rs. 50,000 for senior citizens on all interest forms. Section 80GG: You can avail of a tax exemption for annual house rent payments if you do not receive HRA (House Rent Allowance). Section 10(14): Exemptions for specific allowances such as children's education allowance, hostel allowance, etc. Standard Deduction: Salaried individuals and pensioners can claim a flat deduction of Rs. 50,000. House Rent Allowance (HRA): Tax exemption is available on the portion of salary received as HRA, subject to certain conditions. Leave Travel Allowance (LTA): Exemptions are provided for expenses incurred on domestic travel. How To Use Income Tax Calculator? Below are the easy steps to use the Income Tax Calculator. Step 1. Firstly, access and navigate to the Income Tax Calculator here. Step 2. Select the financial year for which you want to calculate your taxes. Step 3. Choose the appropriate category i.e. Individual, HUF, LLP, Company etc. Step 4. Choose whether you are opting for new tax regime u/s 115BAC Step 5. Choose the gender and category i.e. whether Senior citizen etc. Step 6. Choose Residential Status Step 7. Enter net Taxable Income Step 8. The accurate tax liability will be auto-populated *****Point To Remember: If a particular field does not apply to your financial situation, you can enter "0". Frequently Asked Questions (FAQs) 1. Are income tax calculators accurate? Income tax calculators are generally accurate for estimating tax liabilities, but they may not account for all individual circumstances or recent changes in tax laws. It is advisable to consult with our Karrtax professionals for a precise assessment. 2. Are there different types of income tax calculators? Yes, there are various income tax calculators designed for specific purposes. 3. Do I still need to file a tax return if I use an income tax calculator? Yes, using an income tax calculator is for estimation purposes only. You must still file your tax return with the tax authorities. 4. Are income tax calculators free to use? Many income tax calculators are free to use online. However, some tax preparation software providers offer more advanced calculators or services for a fee. ক্যালকুলেটর জন্য এখানে ক্লিক করুন

Simplify your Indian tax filing with convenient online services in India. Streamline your ITR filing process effortlessly at Karrtax.in Home Landing Page New Page New Page New Page New Page About New Page New Page সম্পর্কিত নিবন্ধগুলি About এনজিও নিবন্ধকরণ এনজিও 80 জি নিবন্ধকরণ এবং পুনর্নবীকরণ জিএসটি নিবন্ধকরণ ট্যান নিবন্ধকরণ ট্যান নিবন্ধকরণ Landing Page New Page New Page তথ্য বিজ্ঞপ্তি সহায়তা জিএসটি পরিষেবাদি টিডিএস পরিষেবাদি সেবা আয়কর আইটিআর - ১ আইটিআর - 2 আইটিআর - 3 আইটিআর - 4 আইটিআর - 5 আইটিআর - 6 আইটিআর - 7 New Page New Page New Page জিএসটি জিএসটি রিটার্ন ফাইলিং জিএসটি বার্ষিক রিটার্ন ফাইলিং টিডিএস ফর্ম 24 কিউ ফর্ম 26 কিউবি ফর্ম 26 কিউ ফর্ম 27 কিউ ফর্ম 27EQ জ্ঞান কেন্দ্র আয়কর জিএসটি TDS বিশেষজ্ঞের পরামর্শ Partners Tools Calendar নিবন্ধ যোগাযোগ করুন Search Results Plans & Pricing Rated 4.9 Stars on Google From ITR to GST to TDS, our experts handle it all, so you can focus on what truly matters. আমাদের গ্রাহকরা এটি পছন্দ করেন। আপনি কি পরবর্তী? Get Started আপনার প্রিয় ভারতীয় ব্র্যান্ড দ্বারা বিশ্বস্ত এই! তুমি! আপনি আপনার লিঙ্ক আছে প্যান এবং আধার? শেষ তারিখ 31শে মার্চ, 2023 চল এটা করি! আরাম করুন। আমরা এটা সব হ্যান্ডেল আয়কর আপনার অগ্রিম কর গণনা করার জন্য আয়কর বিভাগ থেকে প্রাপ্ত একটি নোটিশ পরিচালনা করার জন্য আপনার আয়কর রিটার্ন দাখিল করা, আমরা এটি সবই পরিচালনা করি, পেশাদারভাবে 😎! চল এটা করি! জিএসটি জিএসটি দিয়ে আপনার ব্যবসা নিবন্ধন করুন এবং জিএসটি রিটার্ন ফাইল করুন সহজেই! শুধু ব্যবসার বিবরণ প্রদান করুন এবং ফিরে বসুন। আমরা দ্রুত এটি পরিচালনা করব ⚡ চল এটা করি! সমর্থন ফাইল করার শুরু থেকে শেষ ট্যাক্স পেমেন্ট পর্যন্ত, আমরা পুরো প্রক্রিয়া জুড়ে গাইড করি নিরাপদ আপনার ডেটা 100% SSL সুরক্ষিত। হ্যাকার নেই। কোন চিন্তা করো না. আপনার ডেটা আমাদের দলের বাইরে যায় না অনেক দ্রুত বুলেট ট্রেন জানেন? হ্যাঁ, আমাদের পরিষেবাগুলি খুব দ্রুত সেরকম। ট্যাক্স বিশেষজ্ঞদের একটি দল আপনাকে সাহায্য করার জন্য সবসময় আছে! সম্পর্কে জানতে করের একজন নতুন ছাত্র থেকে শুরু করে একজন বিদগ্ধ ট্যাক্স বিশেষজ্ঞ, সবাই আমাদের নলেজ সেন্টার থেকে ট্যাক্স সম্পর্কে জানতে পারবেন! আয়কর, জিএসটি এবং টিডিএস সম্পর্কে সহজে জানুন! আয়কর শিখুন এখানে আমাদের লার্নিং সেন্টারে আমরা সম্পূর্ণ আয়করকে বিভিন্ন উপ-বিভাগে ভাগ করেছি এবং দৈনন্দিন জীবনে প্রাসঙ্গিক বিষয়গুলি সংকলন করেছি। আপনি আপনার পছন্দের বিষয়ের মাধ্যমে ব্রাউজ করতে পারেন এবং সহজে বোঝার ভাষাতে প্রয়োজনীয় তথ্য পেতে পারেন। আমরা আমাদের বিষয় এবং বিভাগের তালিকায় নতুন এবং সর্বশেষ আপডেট যোগ করতে থাকব। Start your Tax Learning Journey জিএসটি শিখুন যদিও প্রাথমিকভাবে জিএসটি একটি জটিল বিষয় ছিল যেহেতু এটি নতুন ছিল কিন্তু গত কয়েক বছরে এটি বিকশিত হয়েছে এবং এখন এটি প্রাথমিকভাবে যতটা কঠিন ছিল ততটা কঠিন নয়। এখানে onlineindiataxfilings.net GST লার্নিং সেন্টারে, আমরা বিভিন্ন বিভাগের মাধ্যমে GST আইনের সাথে প্রাসঙ্গিক গুরুত্বপূর্ণ এবং প্রাসঙ্গিক বিষয়গুলি বিশ্লেষণ করব যাতে পাঠকদের পক্ষে বিষয়গুলি আরও ভালভাবে বোঝা সহজ হয়। Start your GST Learning Journey পরিকল্পনা এবং মূল্য নির্ধারণ ব্যতীত সমস্ত প্ল্যান কাজের পরে অর্থপ্রদান অন্তর্ভুক্ত করুন! আয়কর আইটিআর ফাইলিং টাকা থেকে শুরু। শুধুমাত্র 349 এবার শুরু করা যাক জিএসটি সহায়তা বিজ্ঞপ্তি টাকা থেকে শুরু। শুধুমাত্র 499 এবার শুরু করা যাক অন্যান্য অগ্রিম কর টাকা থেকে শুরু। শুধুমাত্র 499 এবার শুরু করা যাক Income Ta Anchor Mastering Taxation: Learn Income Tax Filing Online in India With a range of services and resources, including tax filing websites in India, we make the process straightforward. Trust us for all your online tax filing needs and ensure compliance with ease. Karr Tax is a trusted India tax filing website and your go-to platform for online tax filing in India. We provide seamless and efficient tax filing services, making the process hassle-free. That’s why we are one of the best tax filing sites in India. আপনার মোবাইল ফোনে আপনার ট্যাক্স ফাইল করা শুরু করুন! আপনার মোবাইল ডিভাইসে ট্যাক্স ফাইলিং? এখন সহজ! অনলাইন ইন্ডিয়া ট্যাক্স ফাইলিং দ্বারা দ্রুত ফাইল সহ! Your Trusted ITR Filing Website in India: Seamless Online Income Tax Filing Services in India When it comes to online tax file in India, you have convenient options for efficient and hassle-free tax filings. Our online tax filing services in India make the process seamless and straightforward. Whether you are an Indian resident or a non-resident, our platform simplifies Indian tax filing. With online tax filing, you can easily meet your tax obligations while saving time and effort. Trust us for all your online tax filling needs in India. Simplify Your Tax Journey: Online Tax Filing in India Made Easy Streamline your income tax filing in India with our user-friendly platform. We specialize in ITR filing online, offering a seamless experience for taxpayers. Our website is your one-stop destination for hassle-free tax filing online. "দলীয় কাজ স্বপ্নের কাজ করে" আপনার দল আমার শেষ ঘন্টার অনুরোধ গ্রহণ করেছে এবং তারা গণনা প্রস্তুত করেছে এবং ITR জমা দিয়েছে। আপনার দল খুব ভাল. আত্মা এবং চিয়ার্স আপ রাখুন! - রামা শিশু আমাদের আশ্চর্যজনক গ্রাহকরা যা বলে তা এখানে

Income Tax, GST, and TDS Due Date Calendar for June 2024. GST Return Filing Due Date for June 2024. Due Date Calendar Direct and Indirect Taxes for August, 2024 The calendar for April 2024 has not been updated yet. Our team is working on it and it should be available soon. Check back later TDS/TCS Payment For TDS/TCS Deducted During Last Month 07-Aug-24 Contact Tax Expert Gstr-IFF Monthly For QRMP Scheme Filers 13-Aug-24 Contact Tax Expert Gst Payment - Monthly For Qrmp Scheme Filers 25-Aug-24 Contact Tax Expert Downloading Of Form 16A -Quarterly Tds Certificates 15-Aug-24 Contact Tax Expert Gstr-1 For Turnover > 5 Cr. Or Those Who Had Opted For Monthly Filing 11-Aug-24 Contact Tax Expert Gstr- 5 Due Date 13-Aug-24 Contact Tax Expert Gstr - 6 Due Date 13-Aug-24 Contact Tax Expert Gstr-3B Monthly For Turnover > 5 Cr. Or Monthly Opted Filers 20-Aug-24 Contact Tax Expert Form 9 & 10 For Accumulation Of Income - Trusts Etc. 31-Aug-24 Contact Tax Expert Gstr - 8 Monthly Due Date 10-Aug-24 Contact Tax Expert The calendar for 2024-25 serves as a vital tool for businesses to adhere to compliance regulations and stay updated on GST due dates, ITR filing deadlines, and TDS payment schedules. This comprehensive Income Tax, GST, TDS compliance calendar outlines the ITR and GST return due dates and payment dates for 2024, ensuring businesses are aware of their tax responsibilities. It provides clear guidance on the GST and Income Tax Return due date calendar, enabling timely filing of returns and payments. Additionally, businesses can track the ITR and GST annual return due date extension if any changes or extensions are announced by the authorities. Staying informed about the Income Tax, GST payment dates in 2024 is crucial for ensuring timely and accurate tax filings, contributing to seamless compliance with GST , ITR and TDS regulations, and avoiding penalties.

Discover India's TDS provisions & Form 26Q. Learn due dates, interest on TDS, and ensure tax compliance for seamless reporting. FORM 26Q: Price List টিডিএস ফর্ম ফর্ম 26 কিউ তোমারটা নাও স্ট্যান্ডার্ড বেতন ব্যতীত অন্যান্য ছাড়ের ক্ষেত্রে টিডিএসের জন্য ফর্ম 26 কিউ ২,০০০ টাকা। 1499 এখনই শুরু কর FORM 26Q: FAQ ফর্ম 26 কিউ কোনও কর্তনকারীকে একজন কর্তনকারী দ্বারা প্রদত্ত অনেক অর্থের সম্মানের ক্ষেত্রে টিডিএস কেটে নেওয়া উচিত। আয়কর আইনের 193 এবং 194 ধারায় এই অর্থ প্রদানের ক্ষেত্রে টিডিএস ছাড়ের বিধান নির্ধারণ করে। এই অর্থ প্রদানের অন্তর্ভুক্ত: (ক) সুদ (খ) ভাড়া (গ) কমিশন (ঘ) চুক্তিভিত্তিক প্রদান ইত্যাদি কেটে নেওয়া টিডিএস সরকারকে দিতে হবে। মাসিক ভিত্তিতে টিডিএসের চলানের মাধ্যমে অ্যাকাউন্ট করুন। চালানের মাধ্যমে টিডিএস অর্থ প্রদানের পরে, বিয়োগকারীকে টিডিএস ফর্ম 26 কিউতে রিটার্ন জমা দিতে হবে। এটি সুদ, ভাড়া, কমিশন, চুক্তি ইত্যাদির ক্ষেত্রে কর্তনকারীদের নিকট আবাসিক কর্তনকারীর দ্বারা প্রদত্ত সমস্ত অর্থের ক্ষেত্রে ত্রৈমাসিক রিটার্ন is اور এই ফর্মটি কোয়ার্টারের শেষ থেকে এক মাসের মধ্যে প্রতি মাসের মধ্যে জমা দিতে হবে filed তবে মার্চ সমাপ্তি প্রান্তিকের জন্য, এই ফর্মটি 31 মে পর্যন্ত ফাইল করা যাবে। اور ফর্মটি ফাইল করার পরে, এটি টিডিএস সিপিসি পোর্টাল দ্বারা প্রক্রিয়া করা হয়। ফর্ম ১A এ অর্থাৎ টিডিএস শংসাপত্রগুলি অনলাইনে ২ 26 কিউ ফাইল করার তারিখ থেকে ১৫ দিনের মধ্যে তৈরি করতে হবে যা টিডিএস সিপিসি পোর্টালে পাওয়া যাবে। Major Sections Covered The Indian Income Tax Act provides TDS deduction provisions for various types of payments, ensuring accurate deduction and remittance as follows: 1. Section 193 - Interest on Securities • TDS Rate: 10% • Example: Interest on Government Bonds 2. Section 194 - Dividends • TDS Rate: 10% • Example: Dividends from XYZ Company 3. Section 194A - Interest other than Interest on Securities • TDS Rate: 10% • Example: Interest on Fixed Deposits 4. Section 194B - Winnings from Lotteries and Puzzles • TDS Rate: 30% • Example: Lottery Prize Winnings 5. Section 194C - Payments to Contractors/sub-contractors against works contract • TDS Rate: 1% to 2% • Example: Payment to Construction Contractors 6. Section 194D - Commission from Insurance • TDS Rate: 2% • Example: Commission to Insurance Agents 7. Section 194DA - Payments in respect of Life Insurance Policy • TDS Rate: 5% • Example: Payouts from Life Insurance Policies 8. Section 194EE - Payments in respect of deposits under National Saving Schemes etc. • TDS Rate: 20% • Example: Interest on National Saving Certificates 9. Section 194F - Payments on the repurchase of units of Mutual Fund or UTI schemes • TDS Rate: 20% • Example: Income from Mutual Fund Repurchases 10. Section 194G - Commission etc. on sale of lottery tickets • TDS Rate: 5% • Example: Commission on Lottery Ticket Sales 11. Section 194H - Commission or Brokerage • TDS Rate: 2% • Example: Brokerage Commissions 12. Section 194I - Rent • TDS Rate: 10% • Example: Rental Income 13. Section 194J - Fees for Professional or Technical Services • TDS Rate: 10% • Example: Fees for Professional Services 14. Section 194K - Income in respect of Units • TDS Rate: 10% • Example: Income from Investments in Units 15. Section 194LA - Payment of compensation on acquisition of certain immovable property • TDS Rate: 10% • Example: Property Acquisition Compensation 16. Section 194LBA - Certain incomes from units of Business Trust • TDS Rate: 10% • Example: Income from Business Trust Units 17. Section 194LBB - Income in respect of units of Investment Fund • TDS Rate: 30% • Example: Income from Investment Fund Units 18. Section 194LBC - Income in respect of investment in Securitization Trust • TDS Rate: 25% • Example: Income from Securitization Trust Investments These sections act as the compass for deductors, guiding them to ensure precise TDS deductions. Compliance with TDS provisions is not just a legal obligation ; it's a fundamental aspect of responsible financial management. To meet compliance requirements effectively, let's dive into Form 26Q, the quarterly return that serves as a crucial tool for deductors. What is F orm 26Q? Form 26Q is the lifeline for resident deductors. It's a comprehensive document that encapsulates an array of payments governed by different sections of the Income Tax Act , including several Annexures, each with its purpose: Annexure I - Details of TDS deducted and deposited in the bank. Annexure I-A - Details of the deductor's challan. Annexure II - Details of deductees (individuals or businesses from whom TDS is deducted). Annexure IIA - Breakup of TDS deducted on payments other than salary. Annexure III - Summary of TDS deducted on interest, dividends, and other sums. Navigating the TDS Calendar: Due Dates Ma tter Form 26Q is a quarterly ritual, and the due dates are tied to the respective quarters of the fiscal year. • April-June quarter: Due date - 31st July. • July-September quarter: Due date - 31st October. • October-December quarter: Due date - 31st January. • January-March quarter: Due date - 31st May. Meeting these deadlines is imperative for deductors to avoid penalties and late fees. Interest on TDS: Balancing the Financial Equation Interest becomes a significant factor in cases of non-deduction or non-payment of TDS: • Interest for non-deduction of TDS : A penalty of 1% per month accrues from the due date of deduction to the actual date of deduction. • Interest for non-payment of TDS: A steeper penalty of 1.5% per month applies if TDS is deducted but not remitted promptly. The Sting of Late Fees Late fees can take a toll if Form 26Q isn't filed within the stipulated due date. • Late fee: Rs. 200 per day. • Maximum late fee: The total TDS amount for which Form 26Q is to be filed. Avoid late fees by prioritizing the timely filing of Form 26Q by filing electronically on the Tax Information Network (TIN) website. Stay compliant and optimize your tax journey. Form 26Q Filing Guide with Example Here's a step-by-step guide on how to fill out Form 26Q: Step 1: Deductor's Details Fill in Deductor's Name, Address, and TAN. Mention the Financial Year. Step 2: Challan Info (Annexure I-A) Include BSR code, Challan serial, and deposit details. Step 3: Deductee Info (Annexure II) Provide PAN, Name, and Address of Deductees. Specify TDS amount and date for each. Step 4: TDS Breakdown (Annexure IIA) Detail payment type, Income Tax section, and TDS rates. Input payment amount and TDS deducted. Step 5: TDS Summary (Annexure III) Summarize TDS deductions on interest, dividends, and more. Include total TDS amounts. Example: Let's say you are a company (deductor) that has deducted TDS from interest payments to individuals and businesses (deductees) during the financial year 2022-23. You have deposited the TDS in a bank using challan number 123456 on June 30, 2023. XYZ Ltd. deducts TDS on interest payments in FY 2022-23, depositing Rs. 50,000 via Challan 123456 on June 30, 2023. Deductor Details (Header) Name of Deductor : XYZ Ltd. Address : 123 Main Street, City TAN :ABCDE1234F Financial Year :2022-23 Challan Details (Annexure I-A) BSR Code :12345678 Challan Serial Number :123456 Challan Tender Date :30/06/2023 Total Amount Deposited : Rs. 50,000 Deductee Details (Annexure II) PAN : Name ABUPC1234E John Smith Doe AEDFG5678H ABC Corporation Breakup of TDS (Annexure IIA) Nature of Payment Section Interest on FD 194A Rent 194I Summary of TDS Deductions (Annexure III) Total TDS Deducted on Interest Rs. 2,500 Total TDS Deducted on Rent Rs. 2,000 Total TDS Deducted (Overall) Rs. 4,500 পিডিএফ 26 ফর্ম ফর্ম 26Q ডাউনলোড Form 26Q is a crucial document for TDS (Tax Deducted at Source) compliance in India. It is used to report and file TDS returns by entities deducting tax on payments made to vendors or employees. To download Form 26Q, visit the official income tax website and access the form. Ensure timely filing as per the due date to avoid penalties. This form is essential for maintaining income tax records and complying with Section 194 of the Income Tax Act.

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Discover all about Form 26QB with our easiest guide. Simplify Property Tax – explore 'Whys' and 'Whats' for effortless compliance. Begin now! FORM 26QB: Price List টিডিএস ফর্ম 26 কিউবি তোমারটা নাও স্ট্যান্ডার্ড অস্থাবর সম্পত্তি বিক্রয়ের জন্য টিডিএসের জন্য ফর্ম 26 কিউবি ২,০০০ টাকা। 1250 এখনই শুরু কর FORM 26QB: FAQ ফর্ম 26 কিউবি কি? Today, we're delving deep into the realm of Form 26QB, the indispensable tool you'll need when navigating the complexities of property transactions. In this article, we aim to demystify every essential aspect of Form 26QB in a clear and jargon-free manner. Whether you're a first-time buyer or a seasoned investor, read on to ensure you're on the right path when dealing with property taxes. Understanding Form 26QB In 2013, the Indian government enacted Section 194IA as part of the Finance Act. This section establishes essential guidelines concerning the sale or purchase of immovable properties. It's the document that seals the deal when you're purchasing an immovable property valued at a minimum of ₹50 lakhs. This includes a wide range of real estate, such as houses, commercial properties, plots, and more—essentially, everything except agricultural land. Who Needs to File Form 26QB? If you're the buyer in a property transaction exceeding ₹50 lakhs, you assume a central role in the process. Remember that for each unique buyer-seller combination, a separate form is required. Two sellers and one buyer? You'll need to fill out two forms. Two sellers and two buyers? It's straightforward—four forms. Calculating TDS on Your Property Tax Deducted at Source (TDS) is calculated based on the stamp duty value of the property, provided it exceeds the actual sale value. Let's consider a scenario where Mr. X is acquiring a property from Mr. Y for ₹70 lakhs, while the stamp duty value remains at ₹75 lakhs. Here's the breakdown: TDS at a rate of 1% will be imposed on the entire ₹75 lakhs, totalling ₹75,000. After deducting TDS, Mr X will receive ₹69.25 lakhs. Remember, the stamp duty value remains the pivotal factor in this calculation. When to File Form 26QB? You must submit Form 26QB within 30 days after the month in which your property transaction took place. If multiple buyers are involved, each one must file their own Form 26QB. Furthermore, within 15 days of the transaction, the buyer should provide the seller with the TDS certificate after depositing the TDS amount. Essential Information for Filing Form 26QB You'll need: PAN of both the seller and the buyer. Address details for both parties. Specifics about the property. Contact information for the buyer and seller. Details regarding the amount credited or debited. Information about tax deposit. Filing Form 26QB Online Since 2022, the Income Tax Department has introduced an easier way to file Form 26QB for TDS, replacing the older TIN NSDL website method. Log in to the E-filing portal using your PAN and password, the same portal for income tax return filing . Choose 'e-pay tax' under the e-file tab. Select 'Form 26QB (TDS on sale of property)' for new payment. Your personal details will be auto-filled based on your profile. Enter seller details, including their PAN (separate forms for co-buyers). Fill in property details (property type, agreement date, total consideration value, and address). Specify the payment type (instalment or lump sum). Enter the consideration amount; tax will be automatically calculated. You can also pay interest if the tax is deposited late. Make the payment using various options (internet banking, UPI, cards, or pay at a bank counter). After successful payment, you'll receive a unique acknowledgement number along with the challan and TDS statement in Form 26QB. (Keep the Acknowledgement Number safe, as it's essential for downloading the TDS certificate.) The challan will also be sent to your registered email. You can access the TDS certificate on the TRACES portal after 5 days. (Note: For Non-Resident sellers, use Form 27Q instead of Form 26QB, following normal TDS rules.) Downloading Form 26QB Visit www.incometax.gov.in to easily download it whenever the need arises. Role of Form 16B Subsequent to remitting the TDS to the government, the buyer is obligated to furnish the TDS certificate, Form 16B, to the seller. This certificate becomes accessible approximately 10-15 days after the TDS deposit. Here are simplified steps for Form 16B download: Visit the TRACES portal (https://contents.tdscpc.gov.in ) and log in using your PAN (Register if it's your first time). Go to the "Downloads" tab and choose Form 16B from the drop-down menu. Select Form 26QB, the assessment year, Acknowledgment number, and the seller's PAN. Then proceed. Your downloaded certificate will be available under the "requested download" section after a few hours. Use your date of birth in DDMMYYYY format as the certificate password. 26QB Penalty Being unaware of tax matters can lead to undesirable consequences. Failing to deduct TDS, issue Form 16B, or file Form 26QB under Section 194-IA of the Income Tax Act can lead to penalties and interest charges . Here's what you should know: A 1% interest penalty will be levied on the undeducted TDS amount if the property buyer neglects this crucial step. For those who forget to remit TDS to the government, a monthly penalty of 1.5% of the deducted amount awaits. In the case of a delay in filing TDS returns , a penalty of ₹200 per day for each day of default shall be imposed. In summary, Form 26QB is your trusted companion in any property transaction exceeding ₹50 lakhs. Section 194-IA of the Income Tax Act mandates a 1% TDS payment through Form 26QB, complete with strict deadlines. Neglecting this form can result in severe penalties and interest charges. Armed with this knowledge, you can now confidently submit your TDS payment via authorized banks, as outlined in this article. Stay on the right side of the taxman and file Form 26QB promptly! Frequently asked questions General1 General2 General3 General4 General5 General6 General7 General8 General9 General Getting Started and Using Magicc Tax Privacy and Security Technical Accounts and Billing Additional FAQs কোন আইটিআর আমার জন্য সেরা? এখানে ছোট ক্যুইজ করে কোন আইটিআর আপনার জন্য সবচেয়ে ভালো তা জানতে পারেন ➡ অন্যথায়, আপনি এই বিষয়ে আমাদের নিবন্ধটি পড়তে পারেন এখানে অনলাইন ইন্ডিয়া ট্যাক্স ফাইলিং কি নিরাপদ? হ্যাঁ! স্পষ্টতই! আমরা! 1. আপনার ডেটা আপনার! সুতরাং, এটি আমাদের নিরাপদ টিম 2. পেমেন্ট পদ্ধতি সম্পূর্ণরূপে সুরক্ষিত এবং ভারতের নং 1 পেমেন্ট গেটওয়ে দ্বারা পরিচালিত: Razorpay! 3. আমাদের ওয়েবসাইট 100% SSL সুরক্ষিত। কোন হ্যাকার, কোন চিন্তা নেই! কে আমার আইটি রিটার্ন ফাইল করবে? আপনার আইটিআর ট্যাক্স বিশেষজ্ঞদের দ্বারা ফাইল করা হয়েছে যাদের 20 বছরের বেশি অভিজ্ঞতা রয়েছে! ফর্ম 16 কি? প্রতিটি বেতনভোগী কর্মচারী যাদের আয়কর আইনের অধীনে সমস্ত যোগ্য কর্তনের পরে মোট আয় ট্যাক্সের জন্য প্রযোজ্য সর্বোচ্চ পরিমাণ ছাড়িয়ে যায় তাদের যোগ্য ট্যাক্স স্ল্যাব অনুসারে তাদের নিয়োগকর্তাদের কাছ থেকে তাদের কর কর্তন করা প্রয়োজন৷ এইভাবে নিয়োগকর্তাকে প্রত্যেক কর্মচারীর আয় থেকে উৎসে ট্যাক্স কাটতে হবে যার মোট আয় করের জন্য ধার্য্য এবং সরকারে কাটা TDS জমা দিতে হবে। অ্যাকাউন্ট। প্রত্যেক নিয়োগকর্তাকে আর্থিক বছরের শেষে বেতনের TDS রিটার্ন দাখিল করতে হবে এবং প্রত্যেক কর্মচারীকে ফর্ম 16 প্রদান করতে হবে যাদের TDS উৎসে কাটা হয়েছে। আরো বিস্তারিত জানার জন্য এটি দেখুন ➡ Filing Form 26QB online for TDS on property sale is a straightforward process. Visit the official income tax website and access the form. Fill in the required details, including PAN, property details, and payment information. After validation, proceed to make the 26QB payment online via OLTAS. Ensure accurate filing to avoid any complications. For joint buyers, each co-owner can fill their respective portions of the form. Accessing Form 26QB and following these steps ensures compliance with TDS regulations when selling property in India. To download Form 26QB for TDS on property registration, visit the official income tax website. This form is essential for complying with TDS regulations when buying property in India. After filling it with the required details, proceed with the 26QB online payment process via OLTAS. Ensure timely payment to meet the 26QB due date and avoid penalties. This TDS on property registration is a crucial step to fulfill your tax obligations.

Navigate the intricacies of GST compliance with Karr Tax and let us handle the intricacies so you can focus on your business growth. GST Annual Return Filings: Price List জিএসটি আঞ্চলিক রিটার্ন ফিটিং তোমারটা নাও বেসিক 5 কোটি টাকা পর্যন্ত টার্নওভারের জন্য বার্ষিক রিটার্ন, اور ২,০০০ টাকা। 5000 এখনই শুরু কর স্ট্যান্ডার্ড টার্নওভারের জন্য বার্ষিক রিটার্ন পাঁচ কোটি টাকা ছাড়িয়েছে তবে আরএস ১০০ কোটির চেয়ে কম। ২,০০০ টাকা। 10000 এখনই শুরু কর প্রিমিয়াম টার্নওভারের জন্য বার্ষিক রিটার্ন Rs। 10 কোটি اور 15000 টাকা এখনই শুরু কর What is GST Annual Return? নতুন জিএসটি শাসনের অধীনে প্রতিটি করদাতা / সত্তাগুলিকে এর অধীন করা বিধি মোতাবেক জিএসটি বার্ষিক রিটার্ন দাখিল করতে হবে। যেহেতু ১ লা জুলাই, ২০১ from সাল থেকে জিএসটি কার্যকর করা হয়েছিল, প্রথম বার্ষিক রিটার্ন এফ.আই.আর. 2017-18 এবং এর নির্ধারিত তারিখ ইতিমধ্যে কেটে গেছে। অতএব বর্তমানে, এফওয়াইয়ারের জন্য জিএসটি বার্ষিক রিটার্ন 2018-19 এবং তারপরে ফাইল করা হবে। বার্ষিক রিটার্ন দাখিলের নির্ধারিত তারিখ অর্থবছরের শেষ দিক থেকে অর্থাৎ ৩১ শে ডিসেম্বর পর্যন্ত 9 মাসের মধ্যে থাকে তবে নির্ধারিত তারিখটি বাড়তে থাকে। এফ.আই.আর. এর বার্ষিক রিটার্নের জন্য নির্ধারিত তারিখ কোভিড -19 মহামারীজনিত কারণে 2018-19 30 শে সেপ্টেম্বর 2020 পর্যন্ত বাড়ানো হয়েছে। বার্ষিক রিটার্ন দাখিল করার আগে, জিএসটিআর -3 বি এবং জিএসটিআর -১ এর মতো সমস্ত রিটার্ন সংশ্লিষ্ট আর্থিক বছরের জন্য জমা দেওয়া উচিত ছিল। What Are The Distinct Types of Annual GST Returns? GSTR-9: Annual Return Entities who exceeds a turnover of ₹2 crores are required to file GSTR-9. It includes details of sales, purchases, input tax credits, and tax liabilities for the entire financial year. GSTR-9A: Annual Return for Composition Taxpayers GSTR-9A applies to taxpayers who have opted for the composition scheme . This form encompasses details related to composition scheme transactions and addresses their specific needs. GSTR-9B: Annual Return for E-commerce Operators The e-commerce operators who have filed GSTR-8 need to file GSTR-9 and are required to collect tax at source (TCS) under section 52 (5) of the CGST Act, 2017. GSTR-9C: Reconciliation Statement and Certification Every individual whose turnover during a financial year exceeds Rs.5 crore rupees should file GSTR-9C. It comprises two parts – a reconciliation statement reconciling the taxpayer's financial statements with the GST returns and the certification part. বার্ষিক ফেরতের প্রকার GSTR-9 is primarily meant for regular taxpayers registered under GST and businesses operating under standard tax provisions. Who is Ineligible for GSTR-9 Return Filing? Composition Scheme Taxpayers who have been selected for the composition scheme under GST but need to file GSTR-9A. Non-Resident Taxpayers who do not have a fixed place of business in India. Input Service Distributors (ISD) who distribute input tax credits to their branches or units. Casual Taxpayers who occasionally undertake supply of goods and services transactions in a state or Union Territory where they do not have a regular place of business. Entities who are deducting or collecting Tax Deducted at Source (TDS). What Is The Last Date for GST Annual Return Filing? The last date for GST annual return filing is the 31st of December, the year following the relevant financial year. But if not filed on time, the following penalties will be levied. Penalties For Late GSTR-9 Filing There's an amnesty scheme if you missed filing GSTR-9 for 2017-18 up to 2021-22. If you file it between April 1, 2023, and June 30, 2023, and your late fees are more than ₹20,000 (Rs. 10,000 for CGST and SGST), they will be waived. For those with a turnover up to ₹5 crore, filing GSTR-9 after the due date incurs a late fee of ₹50 per day (Rs. 25 for CGST and SGST), with a maximum cap of 0.04% of turnover in the state/UT. Before the financial year 2022-23, if you missed the due date for filing GSTR-9, the penalty was ₹200 per day. This consisted of ₹100 for State GST (SGST) and ₹100 for Central GST (CGST). However, there was a cap, and the penalty couldn't exceed 0.25% of your total turnover on which the penalty was applied. From the financial year 2022-23 onward, if your turnover is up to ₹5 crores, the penalty is reduced to ₹50 per day. Of this, 25 goes to SGST, and ₹25 goes to CGST. If your turnover exceeds ₹5 crores, the penalty is ₹100 per day, with ₹50 for SGST and ₹50 for CGST. Prerequisites for filing GSTR-9 To file GSTR-9, you must be a regular taxpayer under GST for at least one day a year. When you fill out GSTR-9, you need to share basic info about your business for the year, like what you sold, what you bought, the taxes you paid, any refunds you claimed, and if there were any issues with the tax authorities. Before doing GSTR-9, ensure you've already filed GSTR-1 and GSTR-3B for the same year because GSTR-9 collects data from these forms. Details Required For GSTR-9 Return Filing The GSTR-9 form is divided into 6 parts and 19 sections, including details of supplies made. Here’s a detailed explanation. Part-1: Basic Information This section includes the financial year, taxpayer’s GSTIN , legal, and trade name (if any). Part-2: Details of Outward and Inward Supplies It consists breakdown of supplies made and received during the particular financial year. Part-3: Details of Input Tax Credit (ITC) This part consolidates details of the ITC availed during the financial year. From 6A to 6O, includes details of ITC availed on various inward supplies. From 7A to 7J, include details of ITC Reversed and Ineligible ITC. From 8A to 8K, include details of other ITC-related information. Part-4: Tax Paid Details Part-5: Transactions Particulars For The Previous Financial Years This part of the form covers transactions from the last financial year that were reported in the returns filed from April to September of the current financial year or until the date when the annual return for the previous financial year was filed—whichever happened first. Part-6: Other Information The final part encompasses details of Particulars of demands and refunds Total demand for taxes Total taxes paid Supplies information received from composition taxpayers Summary of outward and inward supplies HSN-wise Late fee payable and paid. How Karr Tax Can Assist You With GST Annual Filing ➔Expert Guidance We have a team of experts who are there for you to provide expert guidance . Our process starts with understanding the business aspects that may influence GST compliance. Then, according to the intricacies, we choose a customized compliance plan that ensures a smooth filing process. ➔Customized Pricing Plans Our pricing plans are divided into three categories according to each client's unique requirements. Here’s the breakdown. Basic at ₹3999 Standard at ₹7499 Premium at ₹9999 If you need any assistance regarding which plan to go for, contact our experts , who will help you with all your queries. ➔Real-Time Support With our dedicated communication channels, including email, phone, and messaging platforms, we offer real-time support to our clients. The GST filing process involves various aspects, and it's obvious to seek clarification on specific elements. So, if you have questions about specific entries in the GSTR-9 form or encounter uncertainties during the filing process, our experts can provide you with detailed explanations and clarification. ➔Post-Filing Support At Karr Tax, we believe in building strong business relations with our clients. That’s why our support does not stop once the GST Annual Filing is submitted. We proactively monitor for any communications or inquiries from tax authorities and anticipate potential queries that may arise during the compliance process. ➔360 GST Return Filing Service s Our services are not limited to GST annual return filing, but we offer 360 GST return filing services , which include everything from GST registration to quarterly returns (GSTR-1 and GSTR-3B) and annual filings (GSTR-9). The best part? Our prices are structured to be accessible for businesses of all sizes, whether you're a small startup or a larger enterprise. However, affordability does not mean that we compromise on our services. Yet, we believe in providing affordable yet high-quality services. Frequently Asked Questions (FAQs) 1.What is the GSTR-9 form, and who is eligible for its filing? GSTR-9 is an annual return that comprehensively summarizes a taxpayer's activities throughout the financial year, including sales, purchases, input tax credit availed, and tax paid details. Now, who is eligible for its filing? So, all the registered taxpayers are required to file this form except: Non-Resident Taxpayers Causal Taxpayers Input service distributors Entities who are deducting or collecting Tax Deducted at Source (TDS). 2.Can I file a “NIL” GSTR-9 return? The eligibility criteria below should met for “NIL” GSTR-9 return filing. Zero Outward Supply No credits or refunds to be claimed Zero Receipt of Goods/Services No Other Reportable Liabilities Non-Claimed Credits No Outstanding Late Fees Absence of Demand Orders 3. Can the filed GSTR-9 be revised? No, it is not possible to revise GSTR-9 once it is filed. That’s why reviewing the information before submission is crucial to ensure accuracy. 4.Is GSTR-9A & GSTR-9C the same? No, these forms are totally different. GST-9A is the annual return filed by the Composition Dealer, consolidating their annual turnover details, while GSTR-9C is a reconciliation statement and audit report under GST. 5. Can GSTR-9 be amended? No, it is not possible to amend GSTR-9. 6. Should the GSTR-9 return be filed at the entity level or GSTIN level? Form GSTR-9 return should be filed at the GSTIN level, which means it needs to be done for each unique GST registration. If a taxpayer holds multiple GST registrations in the same or different states under the same PAN, the requirement is to submit the annual return separately for each registration. This applies to cases where the GSTIN was registered as a normal taxpayer during the financial year, either for a specific duration or for the entire financial year. Taxpayers must recognize the individual nature of each GST registration and fulfill the annual return obligation for each one accordingly.

Download Form 26AS and Annual Information Statement (AIS). Find all the details about Form 26AS and AIS here. 26 ফর্মটি এখনই ডাউনলোড করুন বেসিক Rs.149 26AS ফর্ম ডাউনলোড করা (যদি ইতিমধ্যে আয়কর ফাইলিং সাইটে নিবন্ধিত থাকে) আমাকে ক্লিক করুন স্ট্যান্ডার্ড Rs.249 আয়কর ই-ফাইলিং সাইটে নিবন্ধকরণ এবং ফর্ম 26AS ডাউনলোড করা অন্তর্ভুক্ত আমাকে ক্লিক করুন ফর্ম 26AS / ফর্ম 26AS কি সম্পর্কে সমস্ত When filling out income tax returns, a number of documents are required. Among them, one such is Form 26AS or Tax Credit Statement. Previously, the taxpayers were required to get this form manually but now, it can be downloaded online within a few minutes. Do you know what is the download procedure? What information does Form 26AS include? What is its structure? KarrTax experts will answer everything here. All you need to do is keep reading till the end! What is Form 26AS? It is a consolidated tax statement issued by the Income Tax Department of India which provides details of the Tax deducted at source (TDS), Tax collected at source (TCS), All NRIs who have any sort of income source in India and whose TDS has been deducted must have a PAN and register with the IT department to claim that and view Form 26AS. Information Available In Form 26AS Form 26AS contains various pieces of information related to a taxpayer's tax transactions. Here's a breakdown! Tax deducted at source (TDS) from various income sources such as salary, interest income, rental income, commission, etc by all the tax deductors. Tax Collected at Source (TCS) by all the tax collectors. Details of Income Tax refunds Details of tax deducted on selling immovable property Details of turnover according to GSTR-3B. Structure and Parts of Form 26AS? Form 26AS consists of several parts, each providing specific information related to the taxpayer's tax transactions. Below is a detailed explanation! Part-I: Details of Tax Deducted at Source (TDS) This section includes details of taxes deducted from various income sources like salaries, interest, pensions, etc., along with the deductor's name, TAN , and the amount of tax deducted. Part-II: Details of Tax Deducted at Source for 15G/H It includes all the details about TDS for Form 15G/15H. If there are none, it will show “No Transactions Present” PART-III: Details of Transactions under Proviso to section 194B/First Proviso to sub-section (1) of section 194R/ Proviso to sub-section(1) of section 194S PART-IV: Details of Tax Deducted at Source u/s 194IA / 194IB / 194M/ 194S (For Seller/Landlord of Property/Contractors or Professionals/ Seller of Virtual Digital Asset) The following details are included in this section, TDS on payment to contractors and professionals (resident)u/s 194M TDS on immovable property sale, u/s194(IA) TDS on property rent u/s 194IB PART-V: Details of Transactions under Proviso to sub-section(1) of section 194S as per Form-26QE (For Seller of Virtual Digital Asset) PART-VI-Details of Tax Collected at Source PART-VII-Details of Paid Refund (For which source is CPC-TDS. For other details, refer AIS at E-Filing Portal) PART-VIII-Details of Tax Deducted at Source (TDS) u/s 194IA/ 194IB /194M/194S (For Buyer/Tenant of Property /Person making payment to contractors or Professionals / Buyer of Virtual Digital PART-IX-Details of Transactions/Demand Payments under Proviso to sub-section(1) of section 194S as per Form 26QE (For Buyer of Virtual Digital Asset) PART-X-TDS/TCS Defaults* (Processing of Statements) How To Download & View Form 26AS? Here's a step-by-step guide to help you download and view Form 26AS. Go to the official website of the Income Tax Department of India and log in using your PAN and password. 2. On the dashboard, click on “e-file”, then “Income Tax Returns ”, and “View Form 26AS” 3. After clicking on “View Form 26AS”, the below dialogue box will appear, where you have to click on “confirm” to proceed further. 4. In this step, you will be redirected to Traces' website; tick the checkbox, and click on “Proceed.” 5. The below screen will appear, where you to have to click on “ View Tax Credit (Form 26AS/Annual Tax Statement) to view your Form 26AS/Annual Tax Statement.” 6. Now, select “Assessment Year” and “View As” from the drop-down list. It would be great if you recheck your PAN, name, and address for confirmation. 7. If you want to view the form online, select “View As”: “HTML.” On the other hand, If you wish to download, click on “Export As PDF.” Benefits & Importance of Form 26AS Form 26AS proves beneficial in many circumstances. Verifying tax deductions: Form 26AS allows taxpayers to check if the taxes deducted from their income by employers or other parties match the amounts actually deposited with the tax authorities. Resolving tax discrepancies: If there are discrepancies between tax credits claimed and taxes deducted by deductors, Form 26AS serves as a reference for rectifying errors. Verification of refunds: Taxpayers can use this form to verify the status of refunds processed by the tax authorities during the applicable financial or assessment year. Detailed record of financial transactions: This form allows taxpayers to view a detailed record of all financial transactions involving Tax Deducted at Source and Tax Collected at Source for the relevant financial year. Annual Information Statement (AIS) On November 1, 2022, the IT department launched AIS, a comprehensive report detailing taxpayers' various financial activities. It aims to gather new and detailed information about income and transactions to ensure accurate tax reporting and compliance. For instance, banks submit Form 15CC for payments made to non-residents (NRIs) and transfer agents and depositories report off-market transactions. Employers also upload salary breakup details onto the TRACES portal, which are subsequently included in the AIS. To know more about the AIS form in detail, click here . Frequently Asked Questions (FAQs) 1. How can I access my Form 26AS? You can view and download Form 26AS through the Income Tax Department's website by logging in with your PAN and password. 2. What is Form 26AS, and what is its importance? Form 26AS is a tax statement issued by the Income Tax Department of India. It contains details of tax deducted, collected, advanced, and deposited with the government against the taxpayer's PAN. 3. How often is Form 26AS updated? Form 26AS is typically updated periodically, usually on a quarterly basis.

We provides GST registration, GST Return filings, and GST Annual Return filing services at reasonable prices পণ্য ও সেবা কর, সহজ করা সময়োপযোগী সেবা পুরা সমর্থন বিশেষজ্ঞ সাহায্য করেছেন GST Services GST Services: Services জিএসটি নিবন্ধন অনলাইন ইন্ডিয়া ট্যাক্স ফাইলিং এ সহজেই জিএসটি দিয়ে আপনার ব্যবসা নিবন্ধন করুন এবার শুরু করা যাক জিএসটি রিটার্ন ফাইলিং অনলাইন ইন্ডিয়া ট্যাক্স ফাইলিংয়ের সাথে আপনার GST রিটার্ন ফাইল করুন! ঝামেলা মুক্ত ফাইলিং এবার শুরু করা যাক জিএসটি সম্পর্কে জানুন অনলাইন ইন্ডিয়া ট্যাক্স ফাইলিং এর নলেজ সেন্টারে GST সম্পর্কে জানুন এবার শুরু করা যাক আর না জটিল কাজ জিএসটি একটি জটিল কর বলে মনে হচ্ছে যেহেতু এটি একটি নতুন শুল্ক এবং এইভাবে আমাদের অনেকেরই এটি মোকাবেলা করা কঠিন। আমরা আপনাকে পরিষেবা দিতে এবং রেজিস্ট্রেশন থেকে শুরু করে মাসিক রিটার্ন ফাইলিং এবং বার্ষিক রিটার্ন ফাইলিং পর্যন্ত GST সংক্রান্ত আপনার সমস্ত সমস্যা সমাধানে আপনাকে সাহায্য করতে এখানে আছি। এবার শুরু করা যাক তোমার ব্যাপার, আমাদের দায়িত্ব যে কোনো ব্যক্তি ব্যবসা করতে চায় তাকে GST-এর অধীনে নিবন্ধিত হতে হবে যা এখন এক কর এক দেশ অর্থাৎ রাজ্যব্যাপী নিবন্ধনের পরিবর্তে এখন কেন্দ্রীভূত GST নিবন্ধন পেতে হবে। টার্নওভার ইত্যাদির মানদণ্ডের উপর ভিত্তি করে বিভিন্ন রাজ্যে নিবন্ধন পাওয়ার ক্ষেত্রে কিছু শিথিলতা রয়েছে৷ GST নিবন্ধন এবং পদ্ধতির বিস্তারিত যোগ্যতার জন্য, অনুগ্রহ করে আমাদের GST রেজিস্ট্রেশন বিভাগে যান৷ 9149-20813d6c673b_ এবার শুরু করা যাক জিএসটি রিটার্ন, তৈরি ঝামেলা - বিনামূল্যে GST রেজিস্ট্রেশন পাওয়ার পর, সম্মতির পরবর্তী ধাপ হল GST রিটার্ন ফাইলিং প্রক্রিয়া। প্রতিটি করদাতা বা GST-এর অধীনে নিবন্ধিত ব্যক্তিকে একটি মসৃণ যাত্রা নিশ্চিত করতে বিভিন্ন সময়ে বিভিন্ন রিটার্ন দাখিল করতে হবে। অনেক রিটার্ন আছে যেগুলো টার্নওভার, রেজিস্ট্রেশনের বিভাগ ইত্যাদির ভিত্তিতেও শ্রেণীবদ্ধ করা হয়েছে। সময়মত রিটার্ন দাখিল করা জিএসটি সম্মতির অত্যন্ত গুরুত্বপূর্ণ অংশ কারণ অ-সম্মতিতে দেরী ফি এবং সুদ খুব বেশি। বিভিন্ন রিটার্নের জন্য বিভিন্ন দেরী ফি রয়েছে যা Rs থেকে শুরু করে। প্রতিদিন 20 থেকে 200 প্রতি দিন। GST রিটার্ন দাখিল করার বিস্তারিত পদ্ধতি এবং সময়সীমার জন্য, অনুগ্রহ করে আমাদের GST রিটার্ন ফাইলিং বিভাগে যান। এবার শুরু করা যাক তুমি কেন এখনও চিন্তা করছি? এবার শুরু করা যাক

Streamline your TDS return process with Form 24Q. Ensure security and efficiency in tax filing with our user-friendly platform. FORM 24Q: Price List টিডিএস ফর্ম ফেরত 24Q স্ট্যান্ডার্ড ২,০০০ টাকা। 1499 Chat with Expert Payment after work এখনই শুরু কর ফর্ম 24 কি FORM 24Q: FAQ Form 24Q- TDS Return On Salary Payment Employers have several responsibilities towards their employees who are working for their organization. One specific task is deducting a portion of an employee's salary for income tax, known as Tax Deducted at Source (TDS). To do this properly, employers need to fill out a form called Form 24Q. What is Form 24Q? Form 24Q is a specific type of TDS (Tax Deducted at Source) return form used in India. It is instrumental in reporting critical details related to salary payments and the TDS deductions from employee salaries. Now the question arises: Who can deduct TDS on salaries? TDS is deducted by employers who make salary payments to their employees. However, if the employee's total income is up to Rs. 5,00,000/- [under old regime] & Rs.7,00,000/- [under new regime], TDS is not required to be deducted. Specifically, the below entities are liable to deduct TDS on salaries: Companies and Organizations Private companies, government organizations, non-profit entities, and other institutions are responsible for deducting the TDS from the salaries they pay to their employees. Individuals Sometimes, individuals who are not employers but pay employees or professionals can also be responsible for deducting TDS on salaries. HUFs (Hindu Undivided Families) Hindu Undivided Families (HUFs), if they have individuals on their payroll and make salary payments to them. Partnership Firms Partnership firms that have employees on their payroll are also obligated to deduct TDS. What Is The TDS Rate On Salary? Income Rate Slab More than 10,00,000 30% More than 5,00,000 but less than 10,00,000 20% More than 2,50,000 but less than 5,00,000 5% Less than 2,50,000 Nil Essentials For Filling Form 24Q Details of Challan: Number Date Amount Details of Employee: PAN Number Other Important Income details Form 24Q Classification Annexure-I This section of Form 24Q contains the deductor, deductees, and challan details. Annexure I is filed for all four quarters of the financial year. Contents: Annexure I Challan Details: Serial number Deposit date Branch’s BSR code The total amount of TDS that needs to be distributed among the deductees. Deductees Details: Employee reference number (if available) PAN (Permanent Account Number) Employee name Payment date Paid amount TDS amount TDS section code EC (Education Cess) Annexure-II Annexure II provides a comprehensive breakdown of an employee's salary, including details of any deductions that the employee can claim. It must be furnished and submitted in the financial year's fourth quarter (i.e., January to March). Interest Rates On Form 24Q As per Section 201 of the Income Tax Act of 1961, below are the interest rates applicable for late deposit of TDS on salary. If an employer fails to deduct TDS on salary, they may be liable to pay interest at 1% per month from the deduction date to the due date. If the TDS is deducted but not deposited on time, the employer may be liable to pay interest at a rate of 1.5% per month from the deduction date to the payment date. Due Date For Form 24Q Penalties Attached With Form 24Q Quarter Number Quarter Period Due Date 1st Quarter April to June 31st July 2nd Quarter July to September 31st October 3rd Qurter October to December 31st July 4th Quarter January to March 31sr May Form 24Q is filed every quarter. That’s why employers must adhere to the specified due dates for each quarter. However, a penalty will be levied if the employer fails to file Form 24Q within the due date prescribed by the Income Tax Department . Under Section 234E, the penalty for late filing of TDS returns was typically Rs. 200 per day. It will be charged till the return is filed. If there are discrepancies or incorrect details in Form 24Q, the Income Tax Department may impose a penalty. This may range from a minimum of Rs. 10,000 to a maximum of the tax-deductible amount. Important Points To Remember When Filling Form 24Q Ensure that the details of all employees for whom TDS has been deducted are correct. With that being said above, Form 24Q is filed quarterly. Check the due dates for each quarter and file the form accordingly because late filing can result in penalties. If you discover any errors in a filed form, a revised return can be filed to rectify the mistakes. If you need clarification on any aspect of Form 24Q, consider seeking guidance from Karr Tax. Our experts specialize in all kinds of TDS matters. Records of all TDS deductions, challans, and filed Form 24Q returns should be maintained properly. These records may be required for audit or verification purposes. Form 24Q is a crucial component of TDS (Tax Deducted at Source) returns in India, primarily used for reporting TDS on salaries. To file Form 24Q TDS returns online, follow the prescribed procedures and deadlines. It's essential to understand the distinctions between Form 24Q and Form 26Q , as they serve different purposes in TDS reporting. Missing the due date for Form 24Q filing can result in penalties, so stay updated on the deadlines. You can download Form 24Q and other relevant TDS return forms from official sources. Form 24Q plays a significant role in income tax compliance, particularly for employers deducting TDS from employee salaries. Make sure to file Form 24Q accurately and on time to avoid issues with your TDS obligations. Frequently asked questions General1 General2 General3 General4 General5 General6 General7 General8 General9 General Getting Started and Using Magicc Tax Privacy and Security Technical Accounts and Billing Additional FAQs কোন আইটিআর আমার জন্য সেরা? এখানে ছোট ক্যুইজ করে কোন আইটিআর আপনার জন্য সবচেয়ে ভালো তা জানতে পারেন ➡ অন্যথায়, আপনি এই বিষয়ে আমাদের নিবন্ধটি পড়তে পারেন এখানে অনলাইন ইন্ডিয়া ট্যাক্স ফাইলিং কি নিরাপদ? হ্যাঁ! স্পষ্টতই! আমরা! 1. আপনার ডেটা আপনার! সুতরাং, এটি আমাদের নিরাপদ টিম 2. পেমেন্ট পদ্ধতি সম্পূর্ণরূপে সুরক্ষিত এবং ভারতের নং 1 পেমেন্ট গেটওয়ে দ্বারা পরিচালিত: Razorpay! 3. আমাদের ওয়েবসাইট 100% SSL সুরক্ষিত। কোন হ্যাকার, কোন চিন্তা নেই! কে আমার আইটি রিটার্ন ফাইল করবে? আপনার আইটিআর ট্যাক্স বিশেষজ্ঞদের দ্বারা ফাইল করা হয়েছে যাদের 20 বছরের বেশি অভিজ্ঞতা রয়েছে! ফর্ম 16 কি? প্রতিটি বেতনভোগী কর্মচারী যাদের আয়কর আইনের অধীনে সমস্ত যোগ্য কর্তনের পরে মোট আয় ট্যাক্সের জন্য প্রযোজ্য সর্বোচ্চ পরিমাণ ছাড়িয়ে যায় তাদের যোগ্য ট্যাক্স স্ল্যাব অনুসারে তাদের নিয়োগকর্তাদের কাছ থেকে তাদের কর কর্তন করা প্রয়োজন৷ এইভাবে নিয়োগকর্তাকে প্রত্যেক কর্মচারীর আয় থেকে উৎসে ট্যাক্স কাটতে হবে যার মোট আয় করের জন্য ধার্য্য এবং সরকারে কাটা TDS জমা দিতে হবে। অ্যাকাউন্ট। প্রত্যেক নিয়োগকর্তাকে আর্থিক বছরের শেষে বেতনের TDS রিটার্ন দাখিল করতে হবে এবং প্রত্যেক কর্মচারীকে ফর্ম 16 প্রদান করতে হবে যাদের TDS উৎসে কাটা হয়েছে। আরো বিস্তারিত জানার জন্য এটি দেখুন ➡ ফর্ম 24 কিউ পাবেন? পিডিএফ এ ডাউনলোড করুন ফর্ম 24 কিউ ডাউনলোড করুন দরকারী লিংক ফাইল টিডিএস রিটার্ন দেয় (ফর্ম 24Q 26Q 27Q) এখনই এখানে ক্লিক করুন اور

Learn the process of TAN registration to get a Tax Deduction and Collection Account Number for smooth tax deduction and collection procedures. ট্যান [কর ছাড়ের অ্যাকাউন্ট নম্বর] নিবন্ধন ₹399 Apply for TAN online Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started ট্যান কী? ট্যাক্স ছাড় বা সংগ্রহের অ্যাকাউন্ট নম্বর টিএন নামেও পরিচিত যা আয়কর আইনের 203A ট্যাক্স কাটা বা সংগ্রহের জন্য দায়ী সমস্ত ব্যক্তির দ্বারা প্রাপ্ত একটি নম্বর। اور টিএন হ'ল একটি 10 সংখ্যার আলফানামুরিক সংখ্যা যা ফর্ম 49 বি তে আবেদন করার পরে আয়কর বিভাগ দ্বারা সরবরাহ করা হয়। اور কীভাবে ট্যান প্রয়োগ করা যেতে পারে? اور ট্যানের আবেদনগুলি অনলাইনে www.tin-nsdl.com এ জমা দেওয়া যেতে পারে বা এনএসডিএলের টিন সুবিধাকেন্দ্র কেন্দ্রে [টিআইএন এফসি] ফিজিকাল ফর্মও জমা দেওয়া যেতে পারে। اور اور টিডিএস রিটার্ন বা চালান দাখিলের জন্য কি ট্যান বাধ্যতামূলক? اور ফর্ম 24Q, 26Q, 27Q, 27EQ ইত্যাদি বিভিন্ন টিডিএস রিটার্ন দাখিলের সময় টিএনকে উদ্ধৃতি করা বাধ্যতামূলক is اور এছাড়াও, টিএন নম্বর ছাড়া টিডিএস পেমেন্ট করা যাবে না। চালান দেওয়ার জন্য চলনটিতে টিএএন থাকা উচিত। اور ট্যান আবেদন করার জন্য প্রয়োজনীয় কাগজপত্রগুলি কী কী? اور বর্তমানে, টিএন আবেদনের সাথে কোনও নথি সংযুক্ত করার দরকার নেই। নাম, ঠিকানা, প্যান, মোবাইল এবং ই-মেইল আইডি ইত্যাদির মতো আবেদনকারীর ব্যক্তিগত বিবরণ কেবল প্রয়োজন। ফর্মটি আবেদনকারীকে শারীরিকভাবে স্বাক্ষর করতে হবে। অনলাইনে আবেদনের ক্ষেত্রেও অনলাইনে ফর্ম পূরণের পরে এবং অর্থ প্রদানের পরে, মুদ্রিত ফর্মটি শারীরিকভাবে স্বাক্ষর করতে হবে এবং পুনেতে টিআইএন কেন্দ্রে জমা দিতে হবে। এটি ডাক বা কুরিয়ারের মাধ্যমে পাঠানো যেতে পারে। اور সাধারণত কত দিন ট্যান বরাদ্দ করা হয়? অ্যাপ্লিকেশনটি সম্পূর্ণ হলে, টিএন সাধারণত আবেদন জমা দেওয়ার 10 দিনের মধ্যে বরাদ্দ দেওয়া হয়। ট্যান আবেদনের স্থিতি www.tin-nsdl.com এও পরীক্ষা করা যায়। ট্যান জমা দেওয়ার জন্য কি ফি আছে? اور সরকার ট্যান আবেদনের জন্য ফি .6.6 / - টাকা। তবে, আপনি যদি আমাদের পরিষেবাগুলি উপভোগ করতে চান তবে আমাদের চার্জ হবে ৩৯৯ / - টাকা। ট্যানের বিবরণগুলি সংশোধন করা যায়? হ্যাঁ একটি ট্যান সংশোধন ফর্মও রয়েছে যা টিএএন-তে বিবরণ পরিবর্তন করতে দায়ের করা যেতে পারে (যদি কিছু ত্রুটি থাকে যা সংশোধন করতে হয়) اور TAN Registration TAN is required for quoting while filing TDS/TCS/Annual Information Returns, payment challans, and certificates. If this ten-digit alphanumeric number is not quoted, TIN facilitation centers will not accept the filed returns. In this article, we will explain, How to know the TAN number TAN registration process at TRACES and Income Tax. How To Know the TAN Number? TAN number is issued by the Income Tax Department of India to all individuals collecting or deducting tax. It is necessary to quote TAN on all TDS or TCS returns under section 203A of the Income Tax Act, 1961. Below is a step-by-step guide on how you can know your TAN number! Prerequisites: Registered mobile number Deductor TAN or Deductor Name Deductor State Visit the official Income Tax website , and under quick links, click on the “Know Your TAN” option. 2. Then, the below screen will appear, where you are required to enter all the mandatory details. After mentioning all the details, click on “Continue”. 3. Finally, an OTP will be sent to your mobile number which you are required to enter and click on the “validate” button. 4. Once the OTP validation is completed, all the TAN details will be shown. Step-by-Step Guide on Registering TAN on the TRACES Portal Open the official TRACES portal and click on the “Continue” button. 2. On the title bar, click on deductor, and then “Register as New user.” 3. The below screen will appear; here, you have to enter TAN details as per details from "Know Your Tan." Then, click on “Proceed.” 4. After the successful confirmation, an activation link will be sent to your mail along with two different activation codes to the registered mail id and mobile number. 5. Open the activation link and enter the User ID + both Activation Codes. 6. Click on the activation link within 48 hours; otherwise, it will get deactivated, and you’ll be required to register again. Finally, the TAN registration process is completed, and deductors can now log in through their user ID and password generated. Step-by-Step Guide on Registering TAN on The Income Tax Portal Prerequisites For TAN Registration Active and valid TAN PAN of the principal contact (registered on the IT portal) Visit the official income tax e-filing portal and click on “Register.” 2. After clicking "Register," you'll be prompted to select your category. Choose "Others" from the options provided. Then, under the category dropdown menu, select "Tax Deductor and Collector." 3. Enter your TAN number in the designated field and click on the "Validate" button. 4. Depending on your TAN's status, you'll encounter different situations: Situation I) If your TAN is already registered on the TRACES website and a request for registration on the e-filing portal is made, simply click on "Continue" to view the pre-filled details. Double-check all the details and click on ‘Continue’. Situation II) If your TAN is not registered on TRACES and the request for registration on the e-filing portal has not been made, you must register on TRACES first (as explained above). Upon successful registration, you'll be directed back to the e-filing portal. Fill in your basic details and click on "Continue." Situation III) If the TAN is already available in the database and the registration request is previously raised and pending for approval. In such a situation, an error message will appear, and you can withdraw the process. 5. Enter all details of the individual collecting tax or making payments, and click Continue. 6. Fill in all the contact details, such as postal address, registered mobile number, and email ID. Click on "Continue" to proceed. 7. Now, two different OTPs will be sent to both the primary mobile number and email ID. Enter both of them and click “Continue.” 8. Review all the details. If any corrections are necessary, you can edit them in this step. Then click ‘Confirm.’ 9. Finally, you'll need to set a password for your e-filing account. Enter in both the "Set Password" and "Confirm Password" text boxes. Upon successful registration, you'll receive a confirmation message along with a transaction ID. Make sure to keep a note of this transaction ID for future reference. How Can KarrTax Help You With TAN Registration? At KarrTax, our experts will get our TAN registration done smoothly and without any headaches. Most importantly, we want to keep it affordable for businesses of all sizes; that’s why we charge a bare minimum amount, i.e., ₹399. On average, the process completion will take 1 to 2 business days. With KarrTax, you can be sure your TAN registration is done right. So, what are you waiting for? Get started here . Frequently Asked Questions (FAQs) 1.What is TRACES, and who is eligible to register on this platform? TRACES is the Income Tax Department’s web portal, particularly used for TDS administration. The following entities can register on this platform. Deductor Taxpayer PAO 2.What are the charges for your TAN registration process? Our TAN registration process charges are ₹399. Click here to start the procedure. 3.What is the purpose of TAN registration? TAN registration facilitates the deduction or collection of tax at source as per the provisions of the Income Tax Act. It helps in identifying deductors/collectors, tracking tax-related transactions, and ensuring compliance with tax laws. 4.How long does it take to get a TAN after applying? The processing time for TAN registration can vary. Usually, it takes 7-10 working days for TAN allotment by NSDL. However, the timeline may vary according to several factors, such as processing time, etc. 5.Is it mandatory to quote TAN on tax-related documents? Yes, it is mandatory to quote TAN on all tax-related documents, including TDS/TCS returns, challans, and certificates issued to deductees/collectees. Failure to do so may attract penalties under the tax laws. 6.What documents are required for TAN registration? Below are the required documents for TAN registration. Aadhar card PAN card Electricity bill of the individual or company Registration certificates 7.Is it possible to track the status of my TAN application? Absolutely, yes! Use your 14-digit unique acknowledgement number and send an SMS - NSDLTAN to 57575 or contact the TAN call centre at 020 – 27218080. ফর্ম 49 বি

Find accurate HSN and SAC codes for your products and services with our tool, ensuring precision in GST and international trade transactions. HSN and SAC Code Search Search HSN/SAC Code Description HSN/SAC Code Description HSN/SAC Code Description Previous Loved our tool? Spread the Word on Twitter Next How to use Karr Tax HSN-SAC Code Finder? The process of using our HSN-SAC Code Finder is easy and seamless. Here’s how! Above, you are required to enter the HSN/SAC code or Description and click on “Search.” What is HSN Code? HSN, or Harmonized System of Nomenclature, is a global standard for categorizing goods in a systematic manner. It came into effect from the year 1988 and was developed by the World Customs Organization (WCO). Further, HSN is a 6-digit code that is used to classify more than 5,000 products and is accepted worldwide. How does the the HSN Code work? The HSN is a standardized system used globally to name and classify products traded internationally. Adopted by over 200 countries, it covers nearly 98% of all merchandise traded worldwide. The HSN code plays an important role in taxation, particularly under the GST (Goods and Services Tax) regime , as it identifies a specific product or category. This system operates under a set of rules that outline the principles and methods of classification. These rules maintain uniformity and accuracy in applying HSN codes and resolve any discrepancies that may arise. These codes also serve valuable business purposes, like: Determine eligibility and benefits under trade agreements Ease the trade statistics collection and analysis. Provides a common language for product classification. Understanding the HSN Code Generally, HSN codes contain: 21 sections 99 chapters 1244 headings 5224 subheadings The HSN code follows a hierarchical structure: Each chapter is identified by a two-digit HSN number. These two-digit numbers are then further classified into four-digit HSN codes. Finally, the four-digit HSN codes are subdivided into six-digit HSN codes, offering the most detailed classification level. Later on, the Customs and Central Excise authorities added two more digits to the 6 digit HSN code to make it more precise. This resulted in a 8-digit classification and was done to align with the GST regime. Let’s understand this with an example. As you can see in the image below will be 10.06.30 The first two digits indicate the chapter, i.e., 10, heading 06, and subheading 30. Source What is the importance of HSN Codes? The HSN (Harmonized System of Nomenclature) code is a classification system used globally to organize and categorize various products. Here’s its importance. It provides a systematic and logical method for classifying goods, considering factors like material, function, and origin. These codes ensure uniform classification of goods across different countries. This ultimately minimizes the chances of disputes and errors in trade transactions. With that being said above, 98% of international trade stock is classified in terms of HSN, which further proves it as best form of international classification. As new products emerge or old ones become less common, the HSN system can be updated to reflect these changes. Using the same codes worldwide ensures consistency and fairness in trade. Declaration of HSN Code for Goods and Services Aggregate Turnover Type Of Invoices No of Digits of HSN Code Above Rs. 5 Crores All Invoices 6 Digits Upto Rs. 5 Crores B2B Invoices 4 Digits (Vide CGST notification number 78/2020 dated 15th October 2020) Note: For all the dealers who are into imports or exports must have 8 digits of the HSN code. What is SAC Code (Service Accounting Code) in GST ? SAC code is a classification system used to identify the different types of service and the applicable GST rate for that service. Based on the Harmonized System of Nomenclature, these codes enable the compliance of GST based on international standards. Understanding the SAC Code Let’s say the SAC code for Information technology (IT) design and development services is 998314. (as found using Karr Tax HSN and SAC Code Search ) The first two digits, i.e., 99, are the same for all services in SAC. The next two digits show the nature of services, which here are IT services. The last two digits show the detailed nature of services, i.e., Design and Development services. What is the importance of SAC Codes? The importance of the SAC code is explained below. It maintains uniformity in the tax system and ensures businesses are taxed correctly based on the specified rates. Through SAC codes, the different types of services, along with their applicable tax rates, can be found easily. It adheres to compliance and simplifies the process of tax calculation and GST return filings. These codes can help the Government of India to monitor and collect taxes more efficently. Frequently Asked Questions (FAQs) Is HSN and SAC code the same? No, HSN and SAC codes are not the same. The difference between them is that HSN codes are meant for goods, while SAC codes are used specifically for services. 2. Will a GST bill be valid without an HSN code? Absolutely, No! GST bills will not be valid without HSN codes. 3. What is the HSN and SAC code used for? HSN codes are used to clasify goods; on the contrary, SAC codes are used for the classification of services. 4. Is the HSN code is of 8 digits? Yes, the businesses engaged in the export and import of goods mandatorily have 8 digits of the HSN code. 5. How can I add/amend the HSN code in the registration under the GST portal? Here are some of the steps to add an HSN code to the GST portal, Open the official GST website and log in. Head to the 'Services' section on the dashboard. From the 'Services' menu, select 'Registration' followed by 'Amendment of Registration Non-core fields'. On the subsequent page, click on the 'Goods and Services' tab. Within the 'Goods and Services' section, choose the 'Goods' tab. Now, you can search for the relevant HSN chapter by entering the HSN code or the item's name. Then, click on 'Save and continue.' Complete the verification process and submit your amendments using either a Digital Signature Certificate (DSC) or an Electronic Verification Code (EVC). GST Filings Made Simple! File your GST with Expert Guidance now!