શોધ પરિણામો

Learn about the essentials of TDS Form 27Q for smooth tax deduction. Get insights on deadlines, procedures, and compliance with Karr Tax. FORM 27Q: Price List ટીડીએસ પરત ફ FORર્મ 27 ક્યૂ તમારું ચૂંટો ધોરણ બિન-રહેવાસીઓને ચૂકવણી પર ટી.ડી.એસ. રૂ. 1499 અત્યારે શરુ કરો FORM 27Q: FAQ TDS Form 27Q- “Reporting TDS on Payments to NRIs” DSનલાઇન ટીડીએસ રીટર્ન ફોર્મ એ ટીડીએસ રીટર્ન છે જેમાં બિન-નિવાસી ભારતીય (એનઆરઆઈ) ને ચૂકવણી કરવામાં આવતી કપાત પર કર કપાત કરાયેલ સોર્સ (ટીડીએસ) ની વિગતો હોય છે. બિન-નિવાસીને કરવામાં આવતી ચુકવણીના સંદર્ભમાં, ટીડીએસ તેમને ચૂકવવામાં આવતી તમામ રકમના સંદર્ભમાં બાદ કરવાની રહેશે. આવકવેરા અધિનિયમ કલમ 195 સૂચવે છે જે મુજબ બિન-રહેવાસીઓને ચૂકવણી પર ટીડીએસ કાપવાની જરૂર છે. આ ફોર્મ ત્રિમાસિક ધોરણે નિયત તારીખે અથવા તે પહેલાં રજૂ કરવું જરૂરી છે. તેમાં કપાત કરનાર દ્વારા એનઆરઆઈને કરવામાં આવતી ચુકવણીઓ પર કરવામાં આવેલી ચૂકવણીની અને ટીડીએસની કપાતની વિગતો શામેલ છે. ફાઇલિંગ માટે જરૂરી દસ્તાવેજો ડિડક્ટરની વ્યક્તિગત વિગતો જેમ કે ટી.એન., સરનામું, મોબાઈલ નં. , ઇમેઇલ આઈડી ટીડીએસના ચલણ કપાતનો પાન કપાતની ચુકવણીની વિગતો એટલે કે વ્યાજ, ભાડુ, કમિશન, કરાર વગેરે. કોને ફોર્મ 27Q ફાઇલ કરવાની જરૂર છે કોઈપણ કપાતકર્તા જેમ કે વ્યક્તિગત, એચયુએફ, ફર્મ, એલએલપી, કંપની વગેરે કે જેમણે બિન-નિવાસી કપાત કરનારના કિસ્સામાં ટીડીએસ કાપવાની જરૂર હોય તેણે તે ત્રિમાસિક માટે ફરજિયાતપણે ફોર્મ 27 ક્યૂ ફાઇલ કરવું જરૂરી છે જેમાં બિન-નિવાસીનો ટીડીએસ કાપવામાં આવ્યો છે._cc781905- 5cde-3194-bb3b-136bad5cf58d_ કોને ફોર્મ 27Q ફાઇલ કરવાની જરૂર છે ફોર્મ 27Q ફાઇલ કરવા માટે નિયત તારીખો Payer The payer refers to the individual, organization, or entity that pays the Non-Resident Indian (NRI). This entity is responsible for deducting TDS and filing Form 27Q with the tax authorities. Payee The payee receives payments from the payer. Its residential status is decided according to Section 6 of the Income Tax Act. Important Details Required For The Form 27Q From the Payer PAN Number Tan Number Contact details Name Address Financial Year Assessment Year Original statement or receipt number of the previously filed return in the same quarter. From the Payee Name Address Division Branch PAN Number E-mail ID Contact Details Assessment Year Challan Details Serial Number BSR Code Amount of EC (Education Cess) Amount of Surcharge Interest Amount Total Tax Deposit Tax Deposit Date Tax Deposit Method Collection Code Number of Cheque or Demand Draft Deduction Details Tax Collector Name PAN Number Deducted TDS Amount Amount Given To The Payee From the Payer PAN Number Tan Number Contact details Name Address Financial Year Assessment Year Original statement or receipt number of the previously filed return in the same quarter. From the Payee Name Address Division Branch PAN Number E-mail ID Contact Details Assessment Year Challan Details Serial Number BSR Code Amount of EC (Education Cess) Amount of Surcharge Interest Amount Total Tax Deposit Tax Deposit Date Tax Deposit Method Collection Code Number of Cheque or Demand Draft Deduction Details Tax Collector Name PAN Number Deducted TDS Amount Amount Given To The Payee Components of Form 27Q The three main components of Form 27Q include: Statistics of Voucher Deduction Details and Payment Details Let's explore each of these sections in detail. Statistics of Voucher Included Transactions These transactions are used for generating Form 27Q. Below are its details: Booking entries with or without TDS Deduction Advance Payment Handling Government Entity TDS Adjustments TDS Deduction Records Entries related to TDS Reversal Accounting TDS Deductions for Price Escalation and Reductions Excluded Transactions TDS deduction is not required for the below transactions. That’s why these are excluded while generating the Form 27Q. Purchase note Sales order Payment voucher Debit note Credit note Inventory vouchers Contra Payroll vouchers Optional vouchers Uncertain Transactions These transactions fall under the "Uncertain" category when they do not meet the criteria for either "Included" or "Excluded" categories. This typically happens due to insufficient information entered in the master or transaction records. Deduction Details This segment categorizes the deduction types for each included transaction. Deduction details are categorized as follows: Deduction at the Standard Rate Deduction at an Elevated Rate Lower taxable Expenses with reduced deduction Taxable expenses at a zero rate Transactions falling under the exemption limit Special cases with PAN exceptions Payment Details The payment details section includes information about TDS payments recorded in the most recent entries. These are relevant to the current TDS return filing period. Also, It lists only the payments relevant to the present period of TDS return filing . And excludes entries from other timeframes or entries unrelated to TDS payments. You'll find details of payments made for included and excluded transactions here. Under Section 271H of the Income Tax Act, no penalty will be charged if: The TDS (Tax Deducted at Source) is deposited to the government. The interest and fees for late filing (if applicable) are already deposited. If the return is filed within one year from the due date. Due Dates For Filing TDS Form 27Q The deadline to pay the TDS deducted (each month) falls on the seventh day of the subsequent month. However, this deadline is 30th April for March month. Due Date Chart TDS Form 27Q Quarter No. Quarter Period Due Date 1st Quarter April To June 31st July 2nd Quarter July To September 31st October 3rd Quarter October To December 31st January 4th Quarter January To March 31st May Penalties For Non-Compliance Late filing of Form 27Q (Penalty under Section 234E of the Income Tax Act, 1961) Minimum Penalty: Rs. 200 per day until the return filing. Maximum Penalty: The maximum penalty can be equal to the amount of TDS deducted. In simple terms, it can be as much as the total TDS amount that should have been deposited but was not, subject to a maximum limit. Non-filing of Form 27Q (Penalty under Section 271H of the Income Tax Act, 1961) Minimum Penalty: Rs. 10,000/- Maximum Penalty: Rs. 1,00,000/- TDS Deduction A penalty in the form of interest is levied on the taxpayer if the TDS is not deducted on time. This can amount to 1% per month or part of the month spent between the due date and the actual deduction date. Similarly, interest will be imposed at 1.5% monthly if the deducted TDS is not deposited on time. This interest is also calculated on any part of the month between the actual date of deduction and the actual date of deposit. TDS Certificate After filing the TDS returns, the payer must issue Form 16A or a TDS certificate to the non-resident. This TDS certificate must be handed over to the non-resident seller within a 15-day window from the last date of filing TDS returns for the respective quarter. Frequently Asked Questions (FAQs) What is Form 27Q? Form 27Q is a statement of deduction of tax under Section 200(3) of the Income Tax Act, 1961. It reports TDS deductions when payments are made to non-resident Indians (NRIs) and foreign entities. 2. Who is required to fill Form 27Q? Any entity that is deducting TDS from payments made to NRIs is required to file Form 27Q. 3. Is obtaining a Tax Deduction Account Number (TAN) mandatory to file Form 27Q? Yes, the deductor must obtain a TAN before filing Form 27Q. TDS can only be deducted or reported with a valid TAN. 4. What happens if the PAN is unavailable in Form 27Q? The tax deduction is generally done at a higher rate (approx 20%) when the PAN of the deductee is not provided. 5. Where can I find the Form 27Q and related guidelines? Its guidelines can be found on the official website of the Income Tax Department of India or through the NSDL and UTIITSL websites. Form 27Q is a crucial document for TDS (Tax Deducted at Source) compliance in India, especially for entities making payments to non-resident individuals or foreign companies. To file Form 27Q online, follow these steps: Visit the official income tax website and access the form. Fill in the necessary details, including PAN, payment information, and TDS amounts. Submit the form online, and remember to make the 27Q online payment through the specified channels. It's important to ensure accurate filing and timely payment to meet TDS obligations and avoid penalties. Form 27Q serves the purpose of reporting and filing TDS returns for such payments. Form 27Q is a vital component of TDS (Tax Deducted at Source) in India, particularly for payments to non-resident individuals or foreign companies. To file Form 27Q online, visit the official income tax website and fill in the required details, including PAN, payment information, and TDS amounts. Ensure accuracy in filling the 27Q form and make the TDS online payment through approved channels. Form 27Q is essential for reporting and filing TDS returns for these specific payments under the Income Tax Act. It is important to be aware of the 27Q TDS return due date to meet compliance requirements and avoid penalties. ઉપયોગી લિંક્સ "માલના વેચાણ પર TCS [વિભાગ 206C (1H)] પર અમારો લેખ વાંચો - નવી જોગવાઈ 01 ઓક્ટો .2020 થી લાગુ થશે તમારા ટીડીએસ રિટર્ન ફાઇલ કરો હવે અહીં ક્લિક કરો! હવે અહીં ક્લિક કરો! પીડીએફમાં ફોર્મ 27Q ડાઉનલોડ કરો

Learn how 80G registration can help your NGO gain valuable tax benefits. Get started on your fundraising journey now! આવકવેરા હેઠળ ટ્રસ્ટ / સોસાયટી / એનજીઓ 80 જી નવીકરણ / નોંધણી માટે અરજી કરો ધોરણ આવકવેરા હેઠળ ટ્રસ્ટ / સોસાયટી / વિભાગ 8 કંપની 80 જી નોંધણી / નવીકરણ માટે Applyનલાઇન અરજી કરો રૂ .1999 અત્યારે શરુ કરો આવકવેરા હેઠળ ટ્રસ્ટ / સોસાયટીઓ માટે નવીકરણ / નોંધણી યુ / ઓ 80 જી 1 લી એપ્રિલ, 2021 થી નવીનતમ સુધારો લાગુ થયો What is 80G Registration? ટ્રસ્ટ્સ, સોસાયટીઓ અથવા વિભાગ 8 કંપનીઓ સેવાભાવી અથવા ધાર્મિક કાર્ય કરે છે અને સામાન્ય રીતે સામાન્ય શબ્દોમાં એનજીઓ અથવા એનપીઓ તરીકે ઓળખાય છે. એટલે કે તેઓ બિન-લાભકારી અથવા બિન-સરકારી સંસ્થાઓ છે, જેનો લાભ કોઈ હેતુ વિના સામાન્ય લોકોના કલ્યાણ માટે કામ કરે છે. اور ભારત એક વિશાળ દેશ છે જેની બહુમતી વસ્તી ગરીબી, નિરક્ષરતા અને અલ્પ વિકાસથી પીડિત છે. ભારતમાં ગરીબ, પર્યાવરણીય સંરક્ષણ, શિક્ષણ, તબીબી અથવા અન્ય સામાન્ય બાબતોની અન્ય બાબતોમાં રાહતના ક્ષેત્રમાં મોટી સંખ્યામાં એનજીઓ / એનપીઓ કાર્યરત છે. اور આ એનજીઓ સામાન્ય રીતે રજીસ્ટર થાય છે: (1) ટ્રસ્ટ્સ (2) સોસાયટીઓ અથવા ()) કંપની એક્ટ હેઠળ કલમ company કંપની اور આ એનજીઓને દાન આપતી કોઈપણ વ્યક્તિ આવકવેરાની તમારી આવક 80 80 જીમાંથી કપાત મેળવવાનો હકદાર હોય છે જો કે સંસ્થા / ટ્રસ્ટ વગેરે આવકવેરા કાયદાની / 80૦ જી રજીસ્ટર થયેલ હોય. اور અહીં અમે એનજીઓ / યુ.એસ. 80 જી આવકવેરાના નવીકરણની નવી જોગવાઈઓ વિશે તમામ ચર્ચા કરીશું અને તે માટે કેવી રીતે અરજી કરવી તે અંગેનું માર્ગદર્શન. اور પહેલા આપણે આ એનજીઓના નવીકરણ / નોંધણી યુ / 80૦ જીના સંદર્ભમાં શું બદલાવ આવ્યું છે તે અંગે આવકવેરા અધિનિયમ જોઈએ છીએ. اور નોંધપાત્ર ફેરફારો નીચે મુજબ છે: اور 1. 01 એપ્રિલ, 2021 થી સુધારણા પહેલાં, તમામ એનજીઓ કે જેમણે પહેલેથી જ આવકવેરાની 80G નોંધણી કરાઈ હતી, તેઓને રજીસ્ટ્રેશન આપવામાં આવી હતી, જે આજીવન સમય માટે અસરકારક હતી અને જ્યાં સુધી તે આવકવેરા સત્તામંડળ દ્વારા રદ ન થાય ત્યાં સુધી, તેઓ હતા ફરીથી નોંધણી કરવાની જરૂર નથી. اور 2. 1 લી એપ્રિલ, 2021 થી, કલમ 80 જી (5) માં સુધારા રજૂ કરવામાં આવ્યા છે જેમાં આ એનજીઓની નોંધણી / નોંધણી / નવીકરણની formalપચારિકતાઓમાં સંપૂર્ણ ફેરફાર છે. આ છે: اور (એ) દરેક ટ્રસ્ટ / સોસાયટી / સેક્શન company કંપની કે જેઓ પહેલાથી જ આવકવેરા કાયદાની યુ / 80૦ જી નોંધણી કરાવી ચુક્યા છે, તેમને 1st મહિનાની અંદર G૦ જી નોંધણી / નવીકરણ માટે ફરીથી અરજી કરવાની રહેશે, જે 1 લી એપ્રિલ 2021 થી 30 જૂન 2021 સુધી રહેશે. . اور (બી) કોઈપણ નવી એનજીઓ કે જે અગાઉ નોંધાયેલ નથી અને નવી અરજી કરવાની ઇચ્છા રાખે છે તે ફક્ત provision વર્ષના સમયગાળા માટે અસ્થાયી નોંધણી આપવામાં આવશે અને નોંધણી માટે અથવા તેની પ્રવૃત્તિઓ શરૂ થયા પછી ત્રણ વર્ષ પછી ફરીથી અરજી કરવી પડશે જે પહેલાં છે. اور (સી) આપેલી નોંધણી ફક્ત years વર્ષના સમયગાળા માટે જ હશે અને તેની સમાપ્તિ પછી તેને years વર્ષના સમયગાળા માટે ફરીથી નવીકરણ કરવું પડશે. اور (ડી) નોંધણી યુ.એસ. G૦ જી ના નવીકરણ માટેની અરજી એટલે કે years વર્ષની મુદત પૂરી થયાના સમયગાળાના અંતથી months મહિના પહેલાં કરવાની રહેશે. اور ()) એનજીઓના 80/80 ની નોંધણી માટેનો ઓર્ડર મહિનાના અંતથી 3 મહિનાની અંદર પસાર કરવામાં આવશે, જેમાં સુધારણા પહેલા નોંધાયેલા નોંધાયેલા એનજીઓનાં કિસ્સામાં અરજી કરવામાં આવી છે. અન્ય કિસ્સાઓમાં, ઓર્ડર પસાર કરવાની સમય મર્યાદા 6 મહિનાની રહેશે. જો એનજીઓ years વર્ષ પછી ફરીથી અરજી કરે છે અથવા એનજીઓ કે જેઓને કામચલાઉ નોંધણી આપવામાં આવી છે, તો પ્રિન્સિપલ કમિશનર સંબંધિત માહિતી અને દસ્તાવેજો માટે હાકલ કરશે જેથી સંતોષ થાય કે એનજીઓ અસલી છે અને પ્રવૃત્તિઓ યોગ્ય રીતે ચલાવવામાં આવી રહી છે. સંતોષ થયા પછી જ, નોંધણી યુ.એસ. 80 ગ્વિલ નવીકરણ કરવામાં આવશે. અસંતોષના કિસ્સામાં, અરજી નામંજૂર થઈ શકે છે. અરજી નામંજૂર કરતા પહેલા સુનાવણી કરવાની યોગ્ય તક એનજીઓને આપવી પડશે. اور હવે આપણે એનજીઓની નોંધણી કરવાની પ્રક્રિયાને લગતા નિયમો જોઈએ છીએ. આ સંદર્ભમાં, નિયમ 11 એએ દાખલ કરવામાં આવ્યો છે જે એનજીઓની 80G / u ની નોંધણી માટેની નીચેની પ્રક્રિયા પૂરી પાડે છે. اور તે જણાવે છે કે: اور 1. કોઈપણ એનજીઓ / ટ્રસ્ટ / સોસાયટી / સેક્શન 8 કંપની કે જેણે પહેલી એપ્રિલ, 2021 પહેલા અમને 80 જી નોંધણી કરાવી છે અથવા નવી એનજીઓ અરજી કરી છે તે ફોર્મ નંબર 10 એમાં નોંધણી માટે અરજી કરવાની રહેશે. اور 2. ઉપરોક્ત કેટેગરીમાં આવતી અન્ય કોઇ એનજીઓએ ફોર્મ નંબર 10 એએબીમાં અરજી કરવાની રહેશે. اور Form. ફોર્મ 10 એ અથવા 10 એબીમાં અરજી નીચેના દસ્તાવેજો સાથે જોડવાની રહેશે: اور (એ) ટ્રસ્ટ ડીડ અથવા ઇન્સ્ટ્રુમેન્ટ જેના દ્વારા એનજીઓ બનાવવામાં આવી છે - સેલ્ફ સર્ટિફાઇડ (બી) ટ્રસ્ટ / સોસાયટી / વિભાગ 8 કંપનીનું નોંધણી પ્રમાણપત્ર - સેલ્ફ સર્ટિફાઇડ (સી) એફસીઆરએના નોંધણી પ્રમાણપત્રની નકલ - સેલ્ફ સર્ટિફાઇડ (જો એનજીઓ તે ધારા હેઠળ નોંધાયેલ હોય તો) (ડી) આવકવેરાની 80 જી હેઠળ નોંધણી પ્રમાણપત્રની નકલ - સેલ્ફ સર્ટિફાઇડ ()) નોંધણી માટે અરજી કરવામાં આવી હોય તે વર્ષ પહેલાં એનજીઓ જો તેઓ અસ્તિત્વમાં હોય તો તેના વાર્ષિક હિસાબની નકલો (years વર્ષ સુધી) - પહેલેથી નોંધાયેલા એનજીઓના કિસ્સામાં આ જ જરૂરી નથી (એફ) objectsબ્જેક્ટ્સના કેસમાં ફેરફાર કરવામાં આવ્યા છે અથવા તેમાં ફેરફાર કરવામાં આવ્યા છે, તે જ દસ્તાવેજ (જી) પ્રવૃત્તિઓ પર નોંધો اور Form. ફોર્મ નંબર 10 એ અથવા 10 એબી આવકવેરા વેબસાઇટ (www.incometaxindiaefiling.gov.in ) પર લgingગિન કરીને furnનલાઇન રજૂ કરવામાં આવશે અને ઇ-વેરિફાઇડ અથવા ડિજિટલી સહી કરવી પડશે. اور Benefits of 80G Registration 80G registration offers several benefits for both charitable organizations and donors. Here are the detailed pointers justifying this statement. Benefits for Charitable Organizations: 80G registration increases the credibility and trustworthiness of a charitable organization. It generates a sense of trust between potential donors that their contributions will be used for genuine charitable purposes. Charitable trusts with 80G registration receive tax-exempt donations. Charities can expand their reach and impact with 80G Registration as they receive greater attention and support from the media and the public. Having 80G Registration opens doors to potential collaborations and funding from government sources. 80G registration requires proper record-keeping and financial transparency. This fosters good governance practices within the organization, which helps them to build trust with donors and stakeholders. Benefits for Donors: Donors can claim deductions on the amount they donate to organizations with 80G registration. As a result, this encourages more people and businesses to contribute to the organization's causes. Businesses that are donating to organizations with 80G registration can help fulfill their CSR obligations as mandated by the Companies Act, 2013. Donors can easily claim deductions by providing proof of their donations, such as donation receipts issued by the registered charitable organization. Required Documents For 80G Registration The following documents are required for 80G registration. The organization's Permanent Account Number (PAN) card copy is required to establish its identity for taxation purposes. According to the legal structure, documents outlining the organization's objectives, governance structure, and rules are mandatory. These documents comprise a copy of the trust deed, memorandum of association (MoA), and articles of association. For the last three to five years, copies of audited financial statements, including balance sheets, income statements, and audit reports are required. A detailed description of the charitable activities undertaken by the organization is needed, along with evidence of how funds have been utilized for the same. This may include project reports, receipts, and invoices. To prove legal existence, the organization should include a copy of its registration certificate under the relevant law, such as the Indian Trusts Act, Societies Registration Act, or Companies Act. Documents or declarations demonstrating the organization's non-profit motive should be submitted. In case the organization receives foreign contributions, a copy of its registration under the Foreign Contribution Regulation Act (FCRA) should be included. (if applicable) Mandatory Requirement of Darpan ID for 80G Registration Charitable organizations seeking registration or revalidation are now required to provide details of their registration number with the Darpan portal of Niti Aayog. This significant requirement has emerged in recent years and must be followed. Key Pointers: The Darpan portal is administered by the Niti Aayog (National Institution for Transforming India). It is a central platform for registering and monitoring NGOs and voluntary organizations across India. This mandatory requirement of providing a Darpan ID is aimed at enhancing transparency in the operations of charitable organizations. Darpan ID serves as a means of cross-verification to confirm the legitimacy and compliance of these organizations. By linking Section 80G registration to the Darpan portal, the government can take measures to prevent the misuse of tax benefits. Eligibility For 80G Registration Not all charitable organizations or trusts are eligible for 80G registration. To qualify, an organization must meet the below criteria. The organization seeking 80G registration should be legally established and registered under one of the following structures: A trust that has been authorized by the Indian Trusts Act of 1882. A society registered under the Societies Registration Act, 1860, or any relevant state-level society registration act. A Section 8 Company under the Companies Act, 2013, or its predecessor, Section 25 Company under the Companies Act, 1956. The organization must have a genuine non-profit motive. Its primary purpose should be charitable or for the public good. If any trust is found doing activities to generate profits for its members or stakeholders will get disqualified from 80G registration. The organization's objectives must align with the definitions and purposes specified under Section 80G of the Income Tax Act . This typically includes activities related to: Education, Medical relief, Poverty alleviation, Advancement of religion, and Other charitable causes. Charitable organizations registered under Section 80G can not participate in political activities or promote political agendas. To obtain 80G registration, the organization must apply to the Commissioner of Income Tax (Exemptions) or the appropriate authority. Below are the necessary required documents: Details of the organization's objectives, Financial statements, Audited reports, and Proof of its charitable activities. The organization must comply with all relevant charitable activity laws and regulations. This includes following the provisions of the Income Tax Act, FCRA (Foreign Contribution Regulation Act), and other relevant laws. 80G Registration Procedure The 80G Registration process at KarrTax includes several steps to provide our clients with the best services possible. Step 1. Initial Assessment/ Consultation Our tax experts start the 80G process with an initial consultation with your organization. We will discuss your organization's unique charitable activities, legal structure, and objectives. This assessment helps us gauge your eligibility for 80G registration and allows us to customize our services to your specific needs. Step 2. Documentation Once eligibility is confirmed, we guide you through the document collection process. Here, our team will view and compile all the required documents and information (as discussed above) before starting the application process. Step 3. Filling Application Form In this step, our team prepares the 80G registration application. We ensure that all required information is accurately included in the application form. Step 4. Submission and Follow-up We will submit the completed application form with all supporting documents to the Income Tax Commissioner (Exemptions) or the appropriate authority in your jurisdiction. Further, our tax experts follow up with the authorities to track the progress of your application, ensuring that it receives the attention it deserves. Step 5. 80G Registration Certificate Issuance Upon successful verification and approval of your application, you'll receive the coveted 80G registration certificate. This 80G certificate confirms your eligibility for tax-deductible donations and attracts potential donors seeking tax benefits. It is important to remember that the specific requirements and procedures for 80G registration may evolve. So, staying updated with the latest guidelines and regulations from the Income Tax Department is always suggested. You can also seek Karr Tax professional guidance for the most accurate and current information. Validity of 80G Registration In India, charitable organizations enjoy certain tax exemptions and benefits under Sections 12A/12AA and 80G of the Income Tax Act 1961. However, these organizations had to undertake a crucial revalidation process for their registrations before a specified deadline. Revalidation Requirement: Under the Finance Act 2020, significant changes were introduced, mandating existing charitable institutions registered under Sections 12A/12AA and/or 80G to reapply for approval/registration. The primary objective was to assess the authenticity of charitable activities conducted by these entities. New Procedure For 80G Registration (w.e.f 1st April 2021) Under Section 12AB, a new registration procedure has been introduced, which came into effect on April 1, 2021. This change was implemented through Notification No. 19/2021, dated March 26, 2021, issued by the Central Board of Direct Taxes (CBDT). The Notification mandates that all trusts, societies, and institutions previously registered under Section 80G must now obtain fresh registration. Form 10A has been introduced to facilitate this new registration process, starting from the AY 2022-2023. Form 10A provides the guidelines and procedures for organizations seeking registration with the income-tax authorities to avail of the exemptions under Sections 11 and 12. To summarize, The amendment in the registration process, as per Section 12AB and Notification No. 19/2021, requires entities previously registered under Section 80G to obtain new registration. This ensures compliance with the conditions and procedures necessary to avail of the tax exemptions provided by Sections 11 and 12 of the Income Tax Act. Form 10A is the prescribed form for this purpose, and these changes have been in effect since the AY 2022-2023. Below is a table summarizing the new exemption approval process with all the relevant details! Frequently Asked Questions (FAQs) What is an 80G certificate? The Income Tax Department in India issues an 80G certificate that allows donors to claim tax deductions on donations made to eligible charitable organizations. It encourages individuals and organizations to contribute to charitable causes. 2. Who is eligible to apply for 80G registration? Charitable organizations, including trusts, NGOs, and section 8 companies, engaged in specific eligible activities are eligible for 80G registration. 3. What are the benefits of obtaining an 80G certification for a charitable organization? Obtaining an 80G registration allows the charitable organization to offer donors the benefit of tax deductions under Section 80G, which can encourage more donations and support for their causes. 4. Do all charitable organizations have 80G certificates? No, not all charitable organizations have 80G certificates. Only organizations that meet certain criteria and have been approved by the Income Tax Department are eligible for this certificate. 5. How long does it take to get 80G registration approval? The time taken for 80G registration approval can vary. It typically takes several months for the Income Tax Department to review the application and conduct necessary inspections. 6. Is 80G registration permanent, or does it require renewal? 80G registration is not permanent and usually comes with a validity period. That’s why organizations must renew their registration periodically to continue offering tax benefits to donors. 7. Can an organization with 12A registration automatically obtain 80G registration? No, having 12A registration does not automatically grant an organization 80G registration. You must apply separately for 80G registration. 8. Can an organization receive foreign donations with 80G registration? An organization with 80G registration can receive foreign donations but must also register under the Foreign Contribution (Regulation) Act (FCRA) to receive such donations legally. NGOs can enjoy tax benefits by obtaining 80G registration, allowing donors to claim income tax exemptions on their contributions under Section 80G. This registration can be applied for online, and there's also a renewal application form to extend the validity of your 80G certificate. The 80G certificate is crucial for NGOs as it signifies their eligibility for tax benefits. To verify 80G registration, check with the appropriate authorities. The application process for 80G registration requires specific documents, and it's important for societies and trusts in India to secure this registration for financial support and credibility. ફોર્મ 10 એ પર હંમેશા પૂછાતા પ્રશ્નો શું તમે આઇજી વિભાગ સાથે તમારી એનજીઓના 80 જી / નોંધણી / નવીકરણ / ફરીથી નોંધણી શોધી રહ્યાં છો - અહીં ક્લિક કરો

Use our HRA exemption calculator to simplify your tax planning. Determine your HRA exemption calculation benefits easily today. એચઆરએ મુક્તિ કેલ્ક્યુલેટર Step 1 of 2 Step 2 of 2 કૃપા કરીને વાર્ષિક આંકડા દાખલ કરો. હું દિલ્હી, મુંબઈ, કોલકાતા કે ચેન્નાઈમાં રહું છું ગણત્રી HRA Exemption Calculator The House Rent Allowance (HRA) is a vital component of employees' salary structures, providing financial relief for those who incur rental expenses. It's a part of the salary that's specifically meant to cover the cost of renting a home. But do you know about HRA exemption under the Income Tax Act? You can use it to save on taxes! Here’s how it works. What Is an HRA Calculator? However, not the entire HRA amount is tax-free, but you can use our HRA calculator to determine the exempt portion. Here’s how you can use it. As it is clearly visible, our HRA exemption calculator is pretty straightforward to use. All you need to do is enter the following information. HRA received Basic Salary Rent Paid Specify whether you live in a metropolitan city. Let’s understand this more with an example. Suppose Naina works in a company named XYZ, located in Jaipur. Here, her Monthly salary is ₹ 800000 Dearness Allowance is ₹ 70000 p.m, and Actual HRA is ₹ 25000 p.m. Monthly Rent ₹ 20000 The Exempt HRA will be least of the following : (a) 40% of Basic Salary + DA (b) Actual HRA (c) Excess of Rent paid over 10% of Basic Salary + DA Here : Salary = base salary + DA = (80000+70000) * 12 = INR 20,40,000 HRA paid monthly is INR 25,000 or INR 3,00,000 per year. Rent is INR 20,000 per month or INR 2,40,000 per year. She lives in a non-metropolis city, so (a) 40% of Salary (Basic + DA): 40% of INR 20,40,000 = INR 8,16,000 (b) Actual HRA is 3,00,000 p.a. (c) Excess of Rent paid over 10% of Salary will be Rent paid - 10% of Salary (Basic + DA): INR 2,40,000 - INR 2,04,000 = INR 36,000. Thus, Naina is eligible for a tax deduction of INR 36,000 based on HRA. Get Experts Help & Maximize Your Tax Benefits Today! How Much HRA is Tax Exempted? The whole amount of HRA is not tax-exempt and depends on the three factors below. Actual HRA Received: This is the total amount of HRA you receive from your employer as part of your salary. 50% of Salary (for individuals living in metro cities) or 40% of Salary (for those living in non-metro cities): This is a standard percentage of your basic salary (including dearness allowance, if any). Rent Paid minus 10% of Salary: The actual rent you pay for your accommodation minus 10% of your basic salary. Required Documents For Claiming HRA? The documents below are required to claim HRA. Original rent receipts with details such as the landlord's name, address, and contact information. PAN (Permanent Account Number) details of the landlord if the annual rent paid exceeds Rs. 1,00,000. Copy of the rental agreement signed between the tenant and the landlord. Advantages of Using HRA Calculator Our calculator accurately calculates the part of your rent allowance that you don't have to pay taxes on. It's quick, easy, designed for everyone, and makes no errors. This helps you plan your finances better, knowing how much you can save in taxes. Frequently Asked Questions (FAQs) 1.What Is an HRA exemption calculator? The HRA exemption calculator helps individuals estimate the House Rent Allowance (HRA) exemption they can claim while filing their income tax returns. It considers your salary, HRA received, actual rent paid, and the city of residence to calculate the HRA exemption. 2.Can taxpayers claim HRA and 80GG simultaneously? No, taxpayers are not allowed to claim HRA and 80GG simultaneously. 3.Who is eligible for HRA exemption? Salaried individuals who live in rented properties and get HRA as part of their salary are eligible for HRA exemption. 4.What are the limits of HRA exemption? The three limits of HRA exemption include, (least of them) Actual HRA received 50% of the salary for employees living in metro cities or 40% for non-metro cities. Annual rent paid reduced by 10% of salary. 5.Can HRA be claimed along with home loan deductions? Yes, claiming both House Rent Allowance and home loan deductions simultaneously is possible. 6.Can the individuals working independently or running their own businesses claim HRA? House Rent Allowance is a benefit given by employers to employees to cover their rental expenses. However, self-employed individuals who work for themselves and do not receive a salary from an employer can not claim HRA because they are not in an employer-employee relationship. In simple terms, it is designed as a salary component for employees who incur rental expenses. 7.Is it possible to get HRA benefits when I live in a city different from my workplace? Absolutely! You are eligible to claim House Rent Allowance (HRA) even if you reside in a different city than where you work, as long as you are paying rent for your accommodation.

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Download Form 26AS and Annual Information Statement (AIS). Find all the details about Form 26AS and AIS here. ફોર્મ 26AS હવે ડાઉનલોડ કરો પાયાની Rs.149 26AS ફોર્મ ડાઉનલોડ કરવું (જો પહેલેથી જ આવકવેરા ફાઇલિંગ સાઇટ પર નોંધાયેલ હોય તો) મને ક્લિક કરો ધોરણ રૂ .249 આવકવેરા ઇ-ફાઇલિંગ સાઇટ પર નોંધણી અને ફોર્મ 26AS ડાઉનલોડ કરવા શામેલ છે મને ક્લિક કરો ફોર્મ 26AS / ફોર્મ 26AS શું છે તે વિશે 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.

Learn how to secure 12A Income Tax Registration for your Trust or NGO. Unlock tax benefits and exemptions. Expert guidance for hassle-free registration. ટ્રસ્ટ / સોસાયટી / એનજીઓ નોંધણી માટે 12 એબી આવકવેરા હેઠળ અરજી કરો એનજીઓ નોંધણી રૂ.1999 નિષ્ણાત સાથે જોડાઓ આવકવેરા હેઠળ ટ્રસ્ટ / સોસાયટીઓ માટે નોંધણી 1 લી એપ્રિલ, 2021 થી નવીનતમ સુધારો લાગુ થયો Non-Governmental Organizations (NGOs) play a crucial role in the development and welfare of society. These organizations, whether trusts, societies, or section 8 companies, work selflessly towards charitable or religious causes, aiming to make a positive impact on the lives of people in need. Running a charitable organization in India is a noble endeavour, but it often comes with financial challenges. This is where Section 12A of the Income Tax Act comes into play. To support their noble endeavours, the Indian government provides certain benefits and tax exemptions to registered NGOs under Section 12A of the Income Tax Act. Obtaining 12A registration allows organizations to receive income tax exemption under Section 11 of the Income Tax Act, allowing them to receive more resources to fulfil their mission. This also incentivizes donors to claim deductions on their contributions under Section 80G of the Income Tax Act . Trust and credibility are crucial assets for any charitable organization, and 12A registration enhances their reputation through recognition, attraction of donors, and government partnerships. Registration often opens doors to collaborations with government agencies and other reputable organizations. Financial transparency is another benefit of 12A registration. Registered organizations are required to maintain proper books of accounts and records, ensuring transparency in financial operations. Additionally, the registration process necessitates adherence to legal requirements, ensuring that the organization operates within the legal framework. 12A registration is not just a matter of compliance; it is a strategic move that can significantly impact the sustainability and effectiveness of your charitable organization. The tax benefits, enhanced credibility, and commitment to transparency can make your mission more sustainable. Eligibility and Prerequisites Meeting eligibility criteria and prerequisites is the first step towards unlocking the benefits of tax exemption and enhanced credibility. Legal Entity and Purpose To be eligible for 12A registration, your organization must meet certain fundamental criteria: Legal Entity: Your organization should be a legally recognized entity, registered as a trust, society, or section 8 company under the relevant state laws. Each of these entities serves different purposes: Trust: Typically formed for the management of a specific trust or endowment. Society: Primarily established for charitable, literary, or scientific purposes. Section 8 Company: Created for promoting commerce, art, science, sports, education, research, social welfare, and charity. Non-Profit Objective The primary objective of your organization should be non-profit in nature. This means that your organization's activities must not be driven by profit motives. Instead, they should focus on charitable, religious, or social welfare activities. Proper Maintenance of Records Registered organizations must maintain proper books of accounts and other records. These records should accurately reflect the financial transactions and activities of the organization. Essential Documents The key to a successful 12A registration application lies in the documentation you provide which is listed below: Trust Deed, Memorandum of Association, or Society Bye laws These foundational documents are critical for establishing the legitimacy and purpose of your organization. Depending on the type of entity, you'll need one of the following: Trust Deed : If you're a trust, you need a trust deed that outlines the objectives and rules governing the trust. Memorandum of Association : If you're a section 8 company, you should have a memorandum of association. Society Bye-laws : Societies require bye-laws that detail their objectives, membership rules, and operational guidelines. PAN Card You'll need a copy of the Permanent Account Number (PAN) card for your organization. This is crucial for tax-related transactions and identification. Bank Account Details Provide proof of your organization's bank account. This includes a bank statement or a letter from the bank confirming the existence of the account. Registration Certificate If your organization is registered under the relevant state laws, include a copy of the registration certificate. This further establishes your legal status. Donation Receipts and Utilization Reports To demonstrate your organization's non-profit activities, include donation receipts issued to donors and reports on how these funds were utilized for charitable purposes. Audited Financial Statements Include audited financial statements, including income and expenditure statements and balance sheets, for the past few years. This showcases your organization's financial transparency. Starting from April 1, 2021, there have been significant changes in the registration process for NGOs under the Income Tax Act. Let's delve into these transformations: For existing NGOs, the Principal Commissioner reviews applications, ensuring that genuine activities are conducted. Dissatisfaction can lead to rejection, with a fair hearing granted before a final decision. Registration Procedure The registration procedure is outlined in Rule 17A: Application Forms: Existing NGOs: Form No. 10A New NGOs: Form No. 10AB Required Documents: Pan Card with IT Login & Password Trust Deed or Creating Instrument (Self-Certified) Registration Certificate of Trust/Society/Section 8 Company (Self-Certified) Copy of FCRA Registration Certificate (if applicable, Self-Certified) Copy of 12A Income Tax Registration Certificate (if re-applying, Self-Certified) Copies of Annual Accounts (up to 3 years if applicable) Documentation for any changed or modified objectives Notes on Trust/Society activities Filing Process: Submit Form No. 10A or 10AB online via the Income Tax website (www.incometax.gov.in ). E-Verify or digitally sign the application. 4: Receiving Your Registration Certificate Once your application is approved, you'll receive a registration certificate under Section 12A of the Income Tax Act. This certificate officially grants your organization tax-exempt status. 5: Post-Approval Compliance After obtaining 12A registration, your organization must continue to maintain proper books of accounts, file annual returns, and comply with tax laws to retain its tax-exempt status. Steps for Online Application for Section 12A Registration Steps for Online Application for Section 12A Registration Step 1: Go to the official Income Tax Department website (www.incometax.gov.in ). Step 2: Register/Login: Create an account or log in if you already have one. Step 3: Navigate to the e-filing portal and select "Apply for registration under Section 12A." Step 4: Fill out Form No. 10A (Application for registration under Section 12A) with accurate details. Step 5: Upload the required documents, including the trust deed, registration certificate, and other supporting documents as specified in the form. Ensure they are self-certified. Step 6: Review the information provided in the form and the uploaded documents for accuracy and completeness. Step 7: Submit the application. Step 8: Pay any applicable fees or charges as per the current guidelines. Currently there are no charges officially Step 9: Receive an acknowledgment or receipt for the submission. Step 10: Wait for the processing of your application. The order for registration will be passed within 3 months for new NGOs who will be granted provisional Registration. For Final Registration, the processing time is 6 months. You may check the status of your application online. Step 11: If the application is approved, you will receive the Section 12A registration certificate. Step 12: Keep a copy of the registration certificate for your records and for future reference. Key Points to Note : Compliance and Reporting Obligations Maintaining your 12A registration status involves adhering to specific compliance and reporting obligations. Non-Compliance and Penalties Non-compliance with the registration and compliance requirements for NGOs can lead to various penalties and legal consequences. It is crucial for NGOs to adhere to the provisions of the Income Tax Act to maintain their tax-exempt status and avoid potential legal actions. Below, we outline some of the common areas of non-compliance and the corresponding penalties: NGOs can seek various benefits by obtaining 12A registration, as it grants them tax exemption under Section 12A of the Income Tax Act. This registration can be applied for online. It's essential for NGOs to file their income tax returns in India to maintain their tax-exempt status and benefit from the 12A certificate. Additionally, there's a provision for 12AB registration renewal to ensure ongoing compliance with tax regulations. Section 12A is a significant part of the Income Tax Act, offering tax benefits to registered NGOs. Obtain your 12A registration certificate to enjoy these advantages. ફોર્મ 10 એ પર હંમેશા પૂછાતા પ્રશ્નો શું તમે આઇટી વિભાગ સાથે તમારી એનજીઓનું નોંધણી શોધી રહ્યાં છો - અહીં ક્લિક કરો PDF માં ફોર્મ 10Aની જરૂર છે ફોર્મ 10A-PDF ફોર્મ 10AB PDF

Optimize your taxes with our user-friendly advance tax solutions. Calculate your advance tax liability for FY 2024-25 with ease! Advance Tax Planning and Calculation - F. Yr. 2024-25 Calculate Advance Tax for Financial Year 2024-25 with Karr Tax's free tool. Do It Yourself Advance Tax Calculator for all sorts of income . From salary to capital gains, you do it yourself Get Started Get a Tax Expert Need a Tax Expert for your advance tax calculations? We've got you covered! Connect Now Your content has been submitted Basic Details Income Details Deductions Taxes Paid Financial Year PAN No. City Residential Status Resident Not Ordinarily Resident Non Resident Next Salary Income Basic Salary HRA Received Actual Rent Other Taxable Allowances Next House Property Income SELF OCCUPIED Interest on Borrowed Capital LET OUT Rent Received Muncipal Tax Interest on Borrowed Capital Next Capital Gains Q1 Q2 Q3 Q4 Short Term Capital Gains 15% Short Term Capital Gains 30% Short Term Capital Gains slab Long Term Capital Gains 10% Long Term Capital Gains 20% Short Term Capital Gains 15% Short Term Capital Gains 30% Short Term Capital Gains slab Long Term Capital Gains 10% Long Term Capital Gains 20% Short Term Capital Gains 15% Short Term Capital Gains 30% Short Term Capital Gains slab Long Term Capital Gains 10% Long Term Capital Gains 20% Short Term Capital Gains 15% Short Term Capital Gains 30% Short Term Capital Gains slab Long Term Capital Gains 10% Long Term Capital Gains 20% Next Business & Profession Income Business Turnover Business Profits Speculative Business Turnover Speculative Busines Profit Next Other Incomes Savings Account Interest Fixed deposit Interest Domestic Dividend Other Income Next Investments Section 80C Next TDS Date of Deposit Amount Next TCS Date of Deposit Amount Next Advance Tax Date of Deposit Amount Add Calculate Tax DIY wala You are just one step away from calculating your Advance Tax Liability. Fill the form below and calculate it for FREE. Enter Details to Continue Your details have been submitted Error Message Particulars Total Tax Payable Installment Tax To be Deposited Tax Credits Outstanding Interest rate u/s 234C Interest u/s 234c NEW OLD Q1 Q2 Q3 Q4 0 15% 0 0 0 0 0 Connect with a Tax Expert to Calculate your Advance Tax Rs.499/- Advance Tax Calculation & Planning for one Quarter Start now Rs.1499/- Advance Tax Planning & Calculation for full year i.e. 4 quarters Start now Advance Tax Planning Advance tax planning is a vital financial practice that ensures individuals, businesses, and professionals manage their tax liabilities efficiently. In the Financial Year 2024-25 (A.Yr. 2025-26), understanding the nuances of advance tax planning is more critical than ever. Advance tax, often referred to as the "pay-as-you-earn" tax, is a system which requires individuals, including salaried individuals, self-employed professionals, and business owners, to pay their taxes in installments rather than a lump sum at the end of the year. The advance tax liability arises when the total tax liability for the year exceeds Rs. 10,000. Advance tax is mandatory for individuals, Hindu Undivided Families (HUFs), firms, Limited Liability Partnerships (LLPs), com.The primary purpose of this system is to ensure a steady and predictable inflow of revenue for the government while alleviating the financial burden on taxpayers. Service wala Income Tax Slabs and Rates for FY 2024-25 For FY 2024-25, understanding the income tax slabs is essential. For ,senior citizens (individuals aged 60 years or above) without business income are exempt from advance tax payment The slabs for individual taxpayers, aged below 60 under old tax regime, are as follows: Income up to ₹2.5 lakhs: Nil tax Income from ₹2.5 lakhs to ₹5 lakhs: 5% tax Income from ₹5 lakhs to ₹10 lakhs: 20% tax Income above ₹10 lakhs: 30% tax How to Calculate Advance Tax for FY 2024-25? Here's a step-by-step process to calculate your advance tax: ● Estimate Your Total Income: Start by estimating your total income for the financial year 2024-25. Consider all sources of income, including salary , business profits, capital gains , and income from other sources. ● Deduct Tax Deductions and Exemptions : Identify the deductions and exemptions you are eligible for and subtract them from your total income. These may include deductions under Section 80C, 80D , 80G , and exemptions such as HRA and LTA. ● Calculate Taxable Income: After deducting the deductions and exemptions, calculate your taxable income. This is the income on which you will be liable to pay taxes. ● Apply Tax Slabs and Rates: Determine the applicable tax slabs and rates for your taxable income. The Income Tax Department updates the tax slabs and rates each year, so make sure to refer to the latest information. ● Compute Tax Liability: Multiply your taxable income by the respective tax rates for each tax slab to calculate your tax liability. Add the taxes for each slab to arrive at your total tax liability for the financial year 2024-25. ● Deduct TDS and Other Taxes Paid: Reduce the tax deducted at source (TDS) and any other taxes already paid during the year from your total tax liability. This will give you the net advance tax payable. ● Divide Advance Tax into Installments: Divide the net advance tax payable into four equal installments, as per the prescribed due dates. The due dates for advance tax payment are 15th June, 15th September, 15th December, and 15th March. ● Deposit Advance Tax Installments: Pay the calculated advance tax installments by the respective due dates. Ensure timely payment to avoid interest and penalties . Important Dates for Advance Tax Payment in FY 2024.25 Quarterly Payment Schedule Advance tax payments are spread across four installments in FY 2024-25, with due dates as follows: By 15th June: 15% of the estimated tax liability( First installment ) By 15th September: 45% of the estimated tax liability(Second installment) By 15th December: 75% of the estimated tax liability(Third installment) By 15th March: 100% of the estimated tax liability(Fourth installment ) Penalty for Non-Payment or Underpayment Failure to pay advance tax on time or underestimating tax liability can lead to penalties and interest. Under Section 234B and 234C of the Income Tax Act, interest is charged on the shortfall in tax payments. Additionally, a penalty of 1% per month on the unpaid tax amount may. Here are the consequences of non-payment or underpayment: ● Interest under Section 234B: If you do not pay at least 90% of your total estimated tax liability as advance tax by 31st March of the financial year, you may be liable to pay interest under Section 234B. This interest is calculated at 1% per month on the shortfall amount. ● Interest under Section 234C: Under Section 234C, if you miss any of the quarterly installment due dates or underpay the installments, you may be liable to pay interest at 1% per month or part thereof on the shortfall amount. To avoid these consequences, it is essential to accurately estimate your advance tax liability and make timely payments. For FY 2024-25, determining how much advance tax to pay is essential to meet the due dates and avoid interest charges under section 234C. Use an advance income tax calculator or a specialized 44AD or 44ADA tax calculator for simplified calculations. Ensure timely payment of your advance tax installments to stay compliant with the due dates. Keep track of interest calculations with the 234 interest calculator. Mastering these aspects of advance tax management is crucial for a smooth financial journey. Strategies for Advance Tax Planning Calculating advance tax for the fiscal year 2024-25 is vital to avoid penalties. Understanding the advance tax slab and rates from the advance tax chart is crucial for accurate calculations. You can simplify this process with an advance tax calculator designed for FY 2024-25. To avoid penalties, ensure you make advance tax installments according to the prescribed method. Spreading Income Effectively spreading income across the fiscal year can help in tax planning. Strategies include: Salary Restructuring: Optimize salary components to maximize exemptions and deductions. Income Shifting within the Family: Distribute income among family members in lower tax brackets. ● Investment Planning Choosing tax-efficient investments and managing your portfolio can significantly impact tax liability. Consider: Tax-Efficient Investments: Explore instruments like ELSS, PPF, and tax-saving fixed deposits. Portfolio Rebalancing: Adjust your investment portfolio to align with tax-saving goals. ● Capital Gains Management Timing the sale of capital assets and utilizing capital losses effectively can reduce tax liability. Timing of Asset Sales: Consider the holding period to benefit from lower tax rates. Use of Capital Losses: Offset gains with capital losses to minimize tax outflows. ● Business Strategies For businesses, managing expenses and leveraging depreciation and amortization benefits can help in advance tax planning. Expense Management: Carefully track and optimize business expenses. Depreciation and Amortization Benefits: Utilize depreciation and amortization deductions to reduce taxable income. ● Retirement Planning Contributing to retirement accounts like EPF, PPF, and NPS offers tax benefits and aligns with long-term financial goals. Contributions to EPF, PPF, NPS, etc.: Maximize contributions to enjoy tax benefits and secure your retirement. ● Invest in Tax-Saving Instruments One of the most common tax-saving strategies is investing in tax-saving instruments eligible for deductions under Section 80C of the Income Tax Act. These instruments include: ● Public Provident Fund (PPF) ● Employee Provident Fund (EPF) ● National Savings Certificates (NSC) ● Tax-saving Fixed Deposits ● Equity Linked Saving Scheme (ELSS) ● Sukanya Samriddhi Yojana (SSY) ● Senior Citizen Savings Scheme (SCSS) By investing in these instruments, you can reduce your taxable income and simultaneously grow your wealth. ● Take Advantage of Tax Deductions Apart from Section 80C, the Income Tax Act provides various other sections that offer deductions for specific expenses. Some notable deductions include: ● Section 80D: Deduction for health insurance premiums ● Section 80E: Deduction for education loan interest ● Section 24(b): Deduction for home loan interest ● Section 10(14): Deduction for house rent allowance (HRA) Ensure that you explore all available deductions and claim them to reduce your taxable income. ● Make Charitable Donations Donating to charitable organizations not only contributes to a noble cause but also offers tax benefits. Under Section 80G of the Income Tax Act, donations made to eligible charitable institutions are eligible for deduction. Ensure that you obtain proper receipts and certificates for the donations made. ● Utilize Tax Exemptions Take advantage of tax exemptions provided under various sections of the Income Tax Act. These exemptions can significantly reduce your tax liability. Some common exemptions include: ● House Rent Allowance (HRA) exemption ● Leave Travel Allowance (LTA) exemption Consult with your employer or tax advisor to understand the exemptio ns applicable to your specific case. Staying informed about the advance tax rate and using a penalty calculator when needed will help you manage your taxes efficiently. Compliance and Documentation Record Keeping for Income and Expenses Maintaining accurate records of income and expenses is essential for advance tax planning. Proper documentation ensures that you can substantiate your income and deductions if required. Filing Income Tax Returns (ITR) Timely filing of income tax returns is a key compliance requirement. Ensure that you file your returns by the specified due date to avoid penalties and legal issues. Avoiding Tax Evasion and Penalties Tax evasion is illegal and can lead to severe penalties and legal consequences . It's crucial to plan your taxes within the framework of the law to avoid such issues. Advance Tax Estimation Methods Estimating your advance tax liability accurately is essential to avoid underpayment or overpayment. Here are some methods to help you estimate your advance tax liability effectively: 1. Historical Income Method Under this method, you estimate your advance tax liability based on your income in the previous financial year. You can use the previous year's income as a reference and adjust it for any expected changes in the current year. 2. Projected Income Method The projected income method involves estimating your income for the current financial year based on expected earnings. Consider factors such as salary increments, business growth, and changes in investments when projecting your income. 3. Income Till Date Method The income till date method involves calculating your advance tax liability based on the income earned until the date of payment. This method is suitable if your income is irregular or if you experience significant fluctuations throughout the year. Managing your advance tax liability in India requires a precise computation of your income and understanding the advance tax payment dates. To avoid interest charges under section 234C, calculate interest accurately. If you fall under presumptive tax, use a presumptive tax calculator for ease. Explore online tax calculators designed for India to streamline the process. Additionally, consider using a section 24 calculator for property-related calculations. Staying informed and utilizing these tools can help you navigate the complex world of advance tax payment efficiently. Advance tax planning can be complex, especially if you have multiple sources of income or if you are unsure about the applicable tax laws. Seeking professional assistance from a tax consultant or chartered accountant can help you navigate through the intricacies of advance tax planning. A tax expert can provide personalized guidance to optimize your tax liability. Why should you use an advanced tax calculator? Calculating advance tax is crucial to avoid interest charges. To determine your advance tax liability, you can use an advance tax calculator. It helps you estimate the amount you owe and avoid any surprises at tax time. The advance tax slab for individuals varies, so understanding how to calculate it is essential. By using an advance tax payment calculation tool and factoring in any income changes, you can manage your finances efficiently. Don't forget the advance tax interest calculator to account for any interest on late payments. Mastering these aspects of advance tax is key to a smooth financial journey. Calculating advance tax, whether for individuals or companies, is simplified with an advanced tax calculator. Understanding the income tax slab and factoring in any LTA exemptions is essential. To avoid interest charges, consider an advance tax interest calculator. Ensure you calculate advance tax accurately, including 234B interest if applicable, especially on salary income. Managing your taxes efficiently involves mastering these calculations to stay financially on track.

Presently we are providing four types of Registration Services. Avail the Registration Services at affordable prices and with complete customer support and consultations.  Services: Services અમારી સેવાઓની શ્રેણી અમે Indiaનલાઇન ઇન્ડિયા ટેક્સ ફાઇલિંગ્સમાં હાલમાં ભારતમાં ડાયરેક્ટ ટેક્સ અને પરોક્ષ કર બંનેથી સંબંધિત ટેક્સ ફાઇલિંગ સેવાઓ પ્રદાન કરીએ છીએ. અમારા ડાયરેક્ટ ટેક્સ વિભાગમાં, અમે સંપૂર્ણ આવકવેરા રીટર્ન ફાઇલિંગ્સ આપી રહ્યા છીએ એટલે કે તમામ આઇટીઆર -1 ને આઈટીઆર -7. સંપૂર્ણ ટીડીએસ રીટર્ન ફાઇલિંગ સેવાઓ પણ આપવામાં આવી રહી છે જે હાલમાં 4 ટીડીએસ ફોર્મ્સ એટલે કે 24Q, 26Q, 27Q અને 27EQ ફાઇલ કરવા પૂરતી મર્યાદિત છે. اور અમારા પરોક્ષ કરવેરા વિભાગમાં, અમે જીએસટી (ગુડ્ઝ અને સર્વિસિસ એક્ટ) ને લગતી સંપૂર્ણ નોંધણી અને ફાઇલિંગ સેવાઓ આપી રહ્યા છીએ, જે જીએસટી નોંધણી, જીએસટી રીટર્ન ભરવાની માસિક અને ત્રિમાસિક ફાઇલિંગ અને જીએસટી વાર્ષિક રિટર્ન ફાઇલિંગ્સ સુધીની છે. આ ઉપરાંત, અમે આવકવેરા, જીએસટી અને ટીડીએસ બાબતોના ક્ષેત્રમાં પણ નિષ્ણાતની પરામર્શ સેવાઓ પ્રદાન કરીએ છીએ જે નજીવા ભાવે આપવામાં આવે છે. આવકવેરા ફાઇલિંગ્સ તમારી આઈટીઆર ફાઇલિંગ્સ શોધી રહ્યાં છો? અમે તેની સાથે તમને મદદ કરી શકીએ છીએ. અમે તમને આઇટીઆર - 1 થી આઇટીઆર - 7 લાગુ પડે છે તે તમામ આઇટીઆર ફાઇલિંગની ઓફર કરીએ છીએ. વધુ શીખો જીએસટી ફાઇલિંગ્સ જીએસટી એ એક જટિલ કર છે જેના વિશે તમે મોટાભાગના જાણતા હશો. નવો ધંધો શરૂ કરી રહ્યાં છો અથવા જીએસટી રીટર્ન ફાઇલ કરવામાં મુશ્કેલી આવી રહી છે? અમે તમને સહાય અને સહાય કરી શકીએ છીએ. વધુ શીખો ટીડીએસ રીટર્ન ફાઇલિંગ્સ અમને તમારી ટીડીએસ રીટર્ન ફાઇલિંગની ચિંતાઓ છોડી દો. અમે તમને મદદ કરીશું અને ટીડીએસ રીટર્ન ફાઇલિંગ્સના દરેક તબક્કે તમને માર્ગદર્શન આપીશું. વધુ શીખો નિષ્ણાતની સલાહ જો તમને કરવેરા એટલે કે આવકવેરા, જીએસટી અને ટીડીએસ સંબંધિત કોઈપણ બાબતમાં કોઈ શંકા હોય તો અમે તમને મદદ કરવા માટે ખુશ છીએ. અમારી નિષ્ણાતની ટીમ તમને દરેક પગલા પર માર્ગદર્શન આપશે. વધુ શીખો

Want Income Tax, GST, etc. services? Here is the list of services that Online India Tax Filings offers! Get Expert Assisted Services for your Tax Needs. We at Karr Tax have a team of experts with more than 20 years of experience in direct and indirect taxes! Get. Set. File. Get Started Services સેવાઓ ફક્ત તમારા માટે ITR ફાઇલિંગ શરૂ કરો પરામર્શ શરૂ કરો ફોર્મ 26AS ડાઉનલોડ કરો શરૂ કરો કર બચાવો શરૂ કરો GST નોંધણી શરૂ કરો PAN - આધાર લિંક શરૂ કરો સૂચના સહાય શરૂ કરો GST રિટર્ન ફાઇલિંગ શરૂ કરો કરની ગણતરી કરો શરૂ કરો TDS રિટર્ન શરૂ કરો અને વધુ.... અમને તમારા પ્રશ્નોના જવાબ આપવાનું પસંદ છે અમે અત્યાર સુધી હજારો પ્રશ્નોના જવાબ આપ્યા છે અને અમે ચાલુ રાખવા માંગીએ છીએ! જો તમે અમારી સેવાઓ લો છો, તો તમે પૂછો છો તે દરેક પ્રશ્નનો તરત જવાબ મળે છે! નાણાં બચાવવા. અમારી પાસે ભારતમાં સૌથી સસ્તું આસિસ્ટેડ ટેક્સ ફાઇલિંગ છે! માત્ર રૂ. થી શરૂ. 349!!! અમારી પાસે કેટલીક મૂલ્યવર્ધિત સેવાઓ પણ છે જેની કિંમત આના કરતા ઓછી છે ટેક્સ વધુ પોસાય તેવા બની રહ્યા છે 😁 દરેક જગ્યાએ 5 સ્ટાર રેટ કર્યા મેં અત્યાર સુધી જોયેલા શ્રેષ્ઠ CA માંથી એક... ખૂબ જ સસ્તું ભાવે ખૂબ જ ઝડપી સેવા... દર વર્ષે છેલ્લી ઘડીએ જ હું મારી ITR ફાઇલિંગ માટે તેનો સંપર્ક કરીશ પરંતુ તે ક્યારેય ચિડાઈ ગયો નથી હકીકતમાં તે મારા જવાબોની રાહ જુએ છે અને પૂર્ણ કરે છે. સમયની અંદર નોકરી... જ્યારે હું આ બધી બાબતોથી વાકેફ ન હતો ત્યારે પણ તેમણે મને યોગ્ય રિફંડ મેળવવામાં મદદ કરી... સાહેબ તમારો હૃદયપૂર્વક આભાર... પ્રથ્યુષા દ્વારા અમારી સેવાઓની શ્રેણી અમે Indiaનલાઇન ઇન્ડિયા ટેક્સ ફાઇલિંગ્સમાં હાલમાં ભારતમાં ડાયરેક્ટ ટેક્સ અને પરોક્ષ કર બંનેથી સંબંધિત ટેક્સ ફાઇલિંગ સેવાઓ પ્રદાન કરીએ છીએ. અમારા ડાયરેક્ટ ટેક્સ વિભાગમાં, અમે સંપૂર્ણ આવકવેરા રીટર્ન ફાઇલિંગ્સ આપી રહ્યા છીએ એટલે કે તમામ આઇટીઆર -1 ને આઈટીઆર -7. સંપૂર્ણ ટીડીએસ રીટર્ન ફાઇલિંગ સેવાઓ પણ આપવામાં આવી રહી છે જે હાલમાં 4 ટીડીએસ ફોર્મ્સ એટલે કે 24Q, 26Q, 27Q અને 27EQ ફાઇલ કરવા પૂરતી મર્યાદિત છે. اور અમારા પરોક્ષ કરવેરા વિભાગમાં, અમે જીએસટી (ગુડ્ઝ અને સર્વિસિસ એક્ટ) ને લગતી સંપૂર્ણ નોંધણી અને ફાઇલિંગ સેવાઓ આપી રહ્યા છીએ, જે જીએસટી નોંધણી, જીએસટી રીટર્ન ભરવાની માસિક અને ત્રિમાસિક ફાઇલિંગ અને જીએસટી વાર્ષિક રિટર્ન ફાઇલિંગ્સ સુધીની છે. આ ઉપરાંત, અમે આવકવેરા, જીએસટી અને ટીડીએસ બાબતોના ક્ષેત્રમાં પણ નિષ્ણાતની પરામર્શ સેવાઓ પ્રદાન કરીએ છીએ જે નજીવા ભાવે આપવામાં આવે છે.

File your ITR for the Asst. Yr. 2024-25 (F. Yr. 2023-24) with Karr Tax's tax experts. Karr Tax is the Number 1 ITR Filing service provider in India. File your Income Tax Return with our Tax Experts. Taxes can be confusing. Our Tax Experts handle it all, so that you don't have to. Connect with a Tax Expert Get Started Whatever be your income source, we've got you covered :) ITR - 1 ITR-1 sahaj form is applicable for individuals/HUF having income from salary, one house property and other sources. Learn more ITR - 2 ITR-2 form is applicable for individuals/huf having salary income, more than one house property income, capital gains etc. Learn more ITR - 3 ITR-3 is applicable for individuals/huf having income from business/profession including partners of any firm. Learn more ITR - 4 ITR-4 is applicable for individuals/HUF declaring income on presumptive basis I.E. U/s 44ad, ae,af etc. Learn more ITR - 5 ITR - 5 is applicable for firms, AOP, BOI etc. Learn more ITR - 6 ITR-6 is applicable for companies - Private Limited And Public Limited. Learn more ITR - 7 Itr-7 is applicable for persons who are required to file return u/s 139(4) i.e. Trusts, societies, political parties, local authorities etc. Learn more Why choose Karr Tax ? Save Taxes. Our Tax Experts ensure to inform you of the ways to save maximum taxes. More money for you! Payment after Filing. We believe that customer trust and satisfaction are important . This is the reason we at Karr Tax take 100% payment after your ITR has been successfully filed! 100% Satisfaction Expert Assisted. Your ITR is being filed by Tax Experts who have experience of more than 20 years! So no worries to you! Learn Taxes like a PRO. ઇન્કમટેક્સ શીખો અહીં અમારા લર્નિંગ સેન્ટરમાં અમે સમગ્ર આવકવેરાને વિવિધ પેટા-શ્રેણીઓમાં વિભાજિત કર્યા છે અને રોજિંદા જીવનમાં સંબંધિત વિષયોનું સંકલન કર્યું છે. તમે તમારી પસંદના વિષય પર બ્રાઉઝ કરી શકો છો અને સમજવામાં સરળ ભાષામાં જરૂરી માહિતી મેળવી શકો છો. અમે અમારા વિષયો અને શ્રેણીઓની સૂચિમાં નવા અને નવીનતમ અપડેટ્સ ઉમેરતા રહીશું. Start your Tax Learning Journey 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 મારા માટે કયું ITR શ્રેષ્ઠ છે? અહીં ટૂંકી ક્વિઝ લઈને તમારા માટે કયું ITR શ્રેષ્ઠ છે તે તમે જાણી શકો છો ➡ અન્યથા, તમે આ વિષય પર અમારો લેખ વાંચી શકો છો અહીં શું ઓનલાઈન ઈન્ડિયા ટેક્સ ફાઈલિંગ સુરક્ષિત છે? હા! નિશ્ચિતપણે! અમે છીએ! 1. તમારો ડેટા તમારો છે! તેથી, તે અમારી સુરક્ષિત ટીમ 2. ચુકવણી પદ્ધતિ ભારતના નંબર 1 પેમેન્ટ ગેટવે દ્વારા સંપૂર્ણ રીતે સુરક્ષિત અને સંચાલિત છે: Razorpay! 3. અમારી વેબસાઇટ 100% SSL સુરક્ષિત છે. કોઈ હેકર્સ નથી, કોઈ ચિંતા નથી! મારું IT રિટર્ન કોણ ફાઇલ કરશે? તમારું ITR ટેક્સ નિષ્ણાતો દ્વારા ફાઇલ કરવામાં આવ્યું છે જેમને 20 વર્ષથી વધુનો અનુભવ છે! ફોર્મ 16 શું છે? દરેક પગારદાર કર્મચારી કે જેમની આવકવેરા અધિનિયમ હેઠળ તમામ પાત્ર કપાત પછી કુલ આવક કરને વસૂલવાપાત્ર ન હોય તેવી મહત્તમ રકમ કરતાં વધી જાય છે, તેમના એમ્પ્લોયર પાસેથી તેમના પાત્ર કર સ્લેબ મુજબ કર કપાત મેળવવો જરૂરી છે. આમ એમ્પ્લોયરે દરેક કર્મચારીની આવકમાંથી સ્ત્રોત પર કર કપાત કરવો પડશે જેની કુલ આવક કર વસૂલવાપાત્ર છે અને તેણે સરકારમાં કાપવામાં આવેલ ટીડીએસ જમા કરાવવો પડશે. એકાઉન્ટ. દરેક એમ્પ્લોયરે નાણાંકીય વર્ષના અંતે પગારનું TDS રિટર્ન ફાઇલ કરવું પડશે અને દરેક કર્મચારીને ફોર્મ 16 આપવું પડશે કે જેમના TDS સ્ત્રોત પર કાપવામાં આવ્યા છે. વધુ વિગતો માટે આ તપાસો ➡ Frequently Asked Questions (FAQs) Income Tax India efiling Services Experience the convenience of income tax e filing in India with our expert services. 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Learn the process of TAN registration to get a Tax Deduction and Collection Account Number for smooth tax deduction and collection procedures. ટANન [ટેક્સ કપાત એકાઉન્ટ નંબર] નોંધણી ₹399 Apply for TAN online Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started ટANન શું છે? ટેક્સ કપાત અથવા કલેક્શન એકાઉન્ટ નંબર, ટી.એન. (TAN) તરીકે પણ ઓળખાય છે જે આવકવેરા કાયદાના 203A કરની કપાત અથવા સંગ્રહ માટે જવાબદાર તમામ વ્યક્તિઓ દ્વારા મેળવવામાં આવે છે. اور ટન એ 10 અંકનો આલ્ફાન્યુમેરિક નંબર છે જે ફોર્મ 49 બીમાં અરજી ફાઇલ કર્યા પછી આવકવેરા વિભાગ દ્વારા પ્રદાન કરવામાં આવે છે. اور ટANન કેવી રીતે લાગુ થઈ શકે? اور ટન અરજીઓ www.tin-nsdl.com પર submittedનલાઇન સબમિટ કરી શકાય છે અથવા ભૌતિક ફોર્મ પણ એનએસડીએલના ટીન સુવિધા કેન્દ્રો [ટીઆઇએન એફસી] પર સબમિટ કરી શકાય છે. اور اور શું ટી.ડી.એસ. રીટર્ન ફાઇલ કરવા માટે ફરજિયાત છે? اور ફોર્મ 24Q, 26Q, 27Q, 27EQ વગેરે જેવા વિવિધ ટીડીએસ રીટર્ન ફાઇલ કરતી વખતે TAN નો અવતરણ કરવો ફરજિયાત છે. اور ઉપરાંત, ટી.એન. નંબર વિના ટીડીએસ ચુકવણી કરી શકાતી નથી. ચુકવણી કરવા માટે ચુકવણીમાં TAN હોવું જોઈએ. اور ટANન અરજી ફાઇલ કરવા માટે કયા દસ્તાવેજો જરૂરી છે? اور હાલમાં, ટANન એપ્લિકેશન સાથે કોઈ દસ્તાવેજો જોડવાની જરૂર નથી. નામ, સરનામું, પાન, મોબાઈલ અને ઈ-મેલ આઈડી વગેરે જેવા અરજદારની વ્યક્તિગત વિગતો જ જરૂરી છે. ફોર્મ પર અરજદાર દ્વારા શારીરિક સહી કરવી પડશે. Applicationનલાઇન અરજીના કિસ્સામાં પણ, ફોર્મ onlineનલાઇન ભરવા અને ચુકવણી પછી, મુદ્રિત ફોર્મ શારીરિક રીતે હસ્તાક્ષર કરવો જોઈએ અને પુણે ખાતેના ટીઆઇએન કેન્દ્રમાં સબમિટ કરવો જોઈએ. તે પોસ્ટ અથવા કુરિયર દ્વારા મોકલી શકાય છે. اور સામાન્ય રીતે કેટલા દિવસ ટ Tન ફાળવવામાં આવે છે? જો એપ્લિકેશન પૂર્ણ થઈ ગઈ હોય, તો અરજી સબમિટ થયાના 10 દિવસની અંદર, સામાન્ય રીતે TAN ફાળવવામાં આવે છે. ટન એપ્લિકેશનની સ્થિતિ www.tin-nsdl.com પર પણ ચકાસી શકાય છે. ટી.એન. ફાઇલ કરવા માટેની ફીઝ છે? اور સરકાર ટANન અરજી માટે ફી રૂ .5 / / - છે. જો કે, જો તમે અમારી સેવાઓનો લાભ મેળવવા માંગતા હો, તો અમારા ચાર્જ રૂ .399 / - થશે. TAN ની વિગતો સુધારી શકાય છે? હા ત્યાં TAN કરેક્શન ફોર્મ પણ છે જે TAN માં વિગતો બદલવા માટે પણ ફાઇલ કરી શકાય છે (જો તેમાં કેટલીક ભૂલો છે જે સુધારવાની છે) 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. ફોર્મ 49 બી

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GST Return Filings: Price List જીએસટી પરત ફિલિંગ સેવાઓ તમારા માટે શ્રેષ્ઠ યોગ્ય પસંદ કરો યોજના પસંદ કરો યોજના પસંદ કરો યોજના પસંદ કરો યોજના પસંદ કરો 5 કરોડથી વધુના ટર્નઓવર માટે GST Return Filings: Price List યોજના પસંદ કરો જીએસટી વિશે બધા પાછા ફિલિંગ્સ What Is a GST Return? 1 જી જુલાઇ, 2017 થી ભારતમાં જીએસટી લાગુ છે. ત્યારથી જીએસટી રીટર્ન ફાઇલિંગ પ્રક્રિયાઓ, ફોર્મેટ્સ, નિયત તારીખો વગેરેમાં ઘણા ફેરફારો થયા છે. નિયમિત જીએસટી નોંધાયેલ વ્યક્તિઓ માટે હાલમાં, ત્યાં બે મુખ્ય વળતર છે જે દરેક નિયમિત જીએસટી નોંધાયેલ વ્યક્તિ દ્વારા ભરવાના છે. તેઓ છે: જીએસટીઆર 3 બી - માસિક જીએસટી રીટર્ન اور જીએસટીઆર -3 બી એ ચોક્કસ મહિનાના સેલ્સ અને ઇનપુટ ટેક્સ ક્રેડિટનો સારાંશ છે અને આ રીટર્ન ફાઇલિંગ સાથે જીએસટી પેમેન્ટ પણ કરવું પડશે. આ દર મહિને જાહેર કરવામાં આવતા ખાસ મહિનાના વેચાણ અને ઇનપુટ ટેક્સ ક્રેડિટનો સારાંશ વળતર છે. આ ઘોષણાને આધારે, ચોખ્ખી ટેક્સ જવાબદારીની ગણતરી કરવામાં આવે છે અને દર મહિને ચૂકવણી કરવાની હોય છે અથવા જો ત્યાં ઇનપુટ ટેક્સ ક્રેડિટ વધારે હોય તો તે પછીના મહિનામાં ગોઠવણ કરવામાં આવે છે. ઇનપુટ ટેક્સ ક્રેડિટ જીએસટી ફોર્મ 2 એમાં સ્વચાલિત રચાયેલ છે જે availableનલાઇન ઉપલબ્ધ છે. કરદાતાએ ફોર્મ 3 બી ફાઇલ કરતા પહેલા તેના ઇનપુટ ટેક્સ ક્રેડિટ સાથે સમાધાન કરવું પડશે જેથી 3 બી રીટર્ન ફાઇલ કરતા પહેલા ઇનપુટ ટેક્સ ક્રેડિટ મેચ થઈ શકે. પણ હવે સરકાર ઇનપુટ ટેક્સ ક્રેડિટ તફાવતને ફોર્મ 2A માં ઉપલબ્ધ 10% કરતા વધુ નહીં સુધી મર્યાદિત કરી દીધો છે. આમ કરદાતાએ હવે તેની ઇનપુટ ટેક્સ ક્રેડિટને જીએસટીઆર -2 એમાં ઉપલબ્ધ 10% સુધી પ્રતિબંધિત કરવી પડશે અને તેનાથી વધુ કોઈપણ ઉપાય પ્રતિબંધિત છે. આ વળતર નિયત તારીખે અથવા તે પહેલાં માસિક ફાઇલ કરવામાં આવશે (નિયત તારીખ આવતા મહિનાની 20 મી છે પરંતુ દેશની વસ્તી વિષયક માહિતીના આધારે તાજેતરમાં જ આશ્ચર્યચકિત કરવામાં આવી છે એટલે કે કરદાતાઓની વિવિધ કેટેગરીમાં 20, 22 અને 24 મી છે) તમે તેના વિશે અમારા જ્ knowledgeાન વિભાગમાં વધુ જાણી શકો છો. اور 2. જીએસટીઆર 1 [માસિક વેચાણની વિગતો બી 2 બી અને બી 2 સી] اور જીએસટીઆર 1 એ બી 2 બી અને બી 2 સી મુજબના ચોક્કસ મહિના / ક્વાર્ટરના વેચાણનો વિગતવાર અહેવાલ છે. આ વળતરના આધારે, સપ્લાય કરનારને ઇનપુટ ટેક્સ ક્રેડિટની મંજૂરી છે. આ વળતરમાં, અન્ય ડીલરો પાસે કરવામાં આવેલા તમામ વેચાણની સંપૂર્ણ વિગતો, એટલે કે બી 2 બીના વેચાણને ઇન્વoiceઇસ મુજબની પૂરી પાડવાની રહેશે, એટલે કે દરેક રીવર્સની વિગતો આ રીટર્નના બી 2 બી વિભાગમાં દાખલ કરવાની રહેશે જેથી ખરીદી કરનાર વેપારીને ડેટા પર ઇનપુટ ક્રેડિટ મળે. વેચનાર દ્વારા ફીડ. તેમજ ડીલરોને અપાયેલી ક્રેડિટ / ડેબિટ નોટ્સ પણ દાખલ કરવાની છે. અંતિમ ગ્રાહકો એટલે કે બી 2 સીના વેચાણ પર કરવામાં આવેલા વેચાણના કિસ્સામાં, જીએસટી પર્કાન્ટેજના આધારે કરેલા વેચાણનો સારાંશ દાખલ કરવો પડશે અને બીલ મુજબના વેચાણની આવશ્યકતા નથી. ડીલરોના કિસ્સામાં પણ રૂ .5 કરોડથી વધુનું ટર્નઓવર થાય છે. સેલ્સની એચએસએન મુજબની સારાંશ સંબંધિત વિભાગમાં દાખલ કરવાની રહેશે. અગાઉના વળતરમાં કોઈપણ ભૂલ / ભૂલ અથવા અવગણનાને આ વળતરમાં સુધારી શકાય છે કારણ કે ત્યાં બી 2 બી અને બી 2 સીના વેચાણમાં સુધારા માટે અલગ ક colલમ આપવામાં આવી છે. આવતા વર્ષના સપ્ટેમ્બર મહિનાના વળતર પહેલાં કોઈપણ સમયે આ સુધારા કરી શકાય છે. આ રીટર્ન મોટા કરદાતાઓ માટે એટલે કે રૂ. Turn૦૦ કરોડથી વધુનું ટર્નઓવર ધરાવતા કરદાતાઓ માટે માસિક ફાઇલ કરવાનું છે. 1.5 કરોડ નાણાકીય વર્ષ દરમિયાન. રૂ .૧..5 કરોડથી ઓછું ટર્નઓવર ધરાવતા કરદાતાઓ માટે, જીએસટીઆર -૧ રીટર્ન ફાઇલિંગ ત્રિમાસિક ધોરણે છે. નિયત તારીખ માટે, કૃપા કરીને અમારા જ્ knowledgeાન વિભાગનો સંદર્ભ લો. اور કમ્પોઝિશન યોજના રજીસ્ટર કરેલ વ્યક્તિઓ માટે اور કમ્પોઝિશન સ્કીમ હેઠળ નોંધાયેલા તમામ વ્યક્તિઓને જીએસટી કોમન પોર્ટલ દ્વારા દર ક્વાર્ટરમાં ફોરમ કMPમ્પ-8 ફાઇલ કરવાની રહેશે જે ક્વાર્ટર અંતના આવતા મહિનાની 18 મી તારીખે બાકી છે. નાણાકીય વર્ષના અંતે, આ કમ્પોઝિશન ડીલરોએ પણ જીએસટીઆર -4 ફાઇલ કરવાની રહેશે જે વાર્ષિક ધોરણે છે. Why GST Return Filed & Who Is Eligible For its Filing? The primary purpose of filing GST returns is to report the amount of GST collected (output tax) on sales and the amount of GST paid (input tax) on purchases. This reporting allows tax authorities to determine the financial liability of a business or individual to the government. GST return needs to be filed in the below cases. If a person already holds a valid GST Identification Number (GSTIN) . Individuals or businesses with an annual turnover exceeding ₹ 20 lakh (for services supply) and ₹ 40 lakh (for the supply of goods). The threshold limit for GST registration in states such as Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura, and Sikkim is ₹ 20 lakhs (for the supply of goods) and ₹ 10 lakhs (for the supply of services). However, it is important to note that GST regulations may vary by region or state over time. That’s why it is important to stay updated with the latest information according to your location. Types of GST Returns & Due Dates To File Them Process For Online GST Return Filing Here's the step-by-step process for online GST return filing. 1) Visit the official GST portal, i.e. https://www.gst.gov.in . 2) Log in using your GSTIN ID and password. If you're a first-time user, you must undergo GST registration on the portal. 3) Look for the "Services" tab and select "Returns Dashboard." Choose the appropriate financial year for the GST return from the dropdown menu. 4) Choose the appropriate GST filing return form depending on your business type and turnover. (As explained above) 5) Select the return form, and you will be directed to the page where you are required to enter the relevant details. This may include transaction details, invoice numbers, GSTINs, of suppliers and recipients, and more. Use the online form to fill in the required information. 6) After filling, validate the data to check for errors or discrepancies and click the "Submit" button. 7) When the status shows "Submitted," click on "Payment of Tax." Use the "Check Balance" option to review your credit and cash balance. 8) Click "Offset Liability" to initiate the online GST payment. Check the relevant boxes for declaration, then choose either "File Form with DSC" or "File Form with EVC" to make the payment. It is worth noting that specific GST return forms may have additional steps or variations, so using KarrTax GST software for GST returns filing is suggested. Types of GSTR Forms ●GSTR 1 Registered taxable suppliers file this form with outward supply details of taxable goods and services. GSTR 1 includes the following key information: GSTIN & supplier’s legal name. Invoice details for all taxable supplies. Information about supplies to unregistered persons, consumers, and composition taxpayers. Exports and deemed exports details. Taxable supplies to consumers (B2C). Amendments to the previous month's data, if any. Details of advances received. Details of credit & debit notes issued during the tax period. ●GSTR-2 & GSTR-3 Currently, the GST filing of these two forms is suspended. ●GSTR-3B GSTR-3B is a monthly summary return that overviews the input tax credit (ITC) and taxpayer's tax liability for a particular month. It also includes information related to reverse charge liability (if applicable). ●GSTR 4 This form is for taxpayers who have taken the Composition Scheme under the GST filing regime. It is an alternative tax payment method for small businesses with a turnover of up to Rs.150 lakh. Taxpayers under this scheme can not avail the input tax credit facility and must provide the below information: Tax liability details, including tax payable. Summary of total outward supplies (sales). Any adjustment of advances received in previous quarters. ●GSTR 5 This form is filed by NRIs who conduct business transactions within the country. To do so, they are required to provide the below details. GSTIN of the non-resident taxable person, as provided upon registration. Legal name and business details Details of supplies, including invoices, credit notes, debit notes, and advances received. Summary of inward supplies, if any. Tax liability and payment details. Any adjustments to the GST payable based on amendments or corrections. ●GSTR 6 GSTR-6 is meant for Input Service Distributors (ISD). These are businesses or individuals that receive an input tax credit (ITC) on input services and distribute it to their various business locations. To fill out this form, an individual must provide the details below. GSTIN & legal name of the ISD. Details of input services received. Distribution of ITC to different business locations or units. Summary of ITC available, distributed, and ineligible for distribution. Any reversals of ITC. ●GSTR 7 This form is designed for Tax Deduction at Source (TDS) authorities. When a person or entity is required to deduct TDS, they must file GSTR-7 to report and pay the TDS amount deducted at the source. Here is the list of required details to fill out GSTR-7. Details of TDS deducted on various supplies. GSTIN and legal name of the deductee (the person or entity from whom TDS is deducted). Information about the invoices on which TDS is deducted. Amount of TDS deducted. Other relevant details required for TDS reporting. ●GSTR 8 The GSTR-8 form is filed by all e-commerce operators who collect tax at source under the GST rule. It reports the details of supplies made through the e-commerce platform and the amount of tax collected on these supplies. GSTIN & legal name of the e-commerce operator or tax collector. Details of supplies made through the platform, including invoices, credit notes, debit notes, and advances received. The amount of tax collected on these supplies. GSTIN and legal name of the supplier and recipient. Information about the supplies made to unregistered persons (B2C). Tax collected on behalf of the government. ●GSTR 9 It is filed by registered taxpayers to provide a comprehensive summary of their business transactions for the entire fiscal year. This return applies to regular taxpayers who are not under the Composition Scheme. ●GSTR 10 Taxable people or companies whose GST registration has been terminated or surrendered file GSTR-10. It is used to provide a summary of the taxpayer's final tax liability for the period from the start of the fiscal year until the date of cancellation. ●GSTR 11 GSTR-11 is filed by individuals or entities holding a Unique Identification Number (UIN) and claiming a refund of taxes paid on their purchases. It reports the details of inward supplies on which the UIN holder has paid taxes and is seeking a refund. Majorly this form includes the following details. UIN & name of the taxpayer. Details of the inward supplies on which taxes were paid. Any other relevant information required for refund processing. ●ITC-04 ITC-04 documents the transfer of goods or capital goods to a job worker and their subsequent return. This form records the movement of goods sent to job workers for further processing, manufacturing, or other work. It is also used to document the return of these goods to the principal manufacturer. ●CMP-08 This form is for taxpayers who have opted for the Composition Scheme. The tax rate for businesses under the Composition Scheme is typically lower than the standard GST rates. Here, taxpayers provide summarized details of their total sales, outward supplies, and tax payable for a specific quarter. Penalty For Late GST Return Filing If a taxpayer fails to submit their GST returns by the prescribed deadline, they are liable to pay a late fee. This fee for both the Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) is set at ₹ 25 for each day of delay, amounting to a total of ₹ 50 per day. However, this amount can reach a maximum of up to ₹ 5000 per Act. For persons having NIL turnover, the penalty is Rs. 20 per day both for GSTR-3B & GSTR-1. Thus Rs.40 per day penalty is there for Nil turnover return filers if they do not file the return in time. Further, late filing of IGST returns does not attract late fees under the GST law. However, the taxpayer who files their returns after the due date may also be liable to pay interest at the rate of 18% per annum. Why Choose KarrTax For Online GST Return Filing KarrTax is your one-stop solution for all GST return filing services . With a team of experienced tax professionals and a user-friendly platform, we make the process of GST return filing hassle-free and efficient. We know that staying compliant with GST deadlines is crucial. Our platform will send you timely reminders well before the filing deadlines, helping you avoid penalties. This ensures that your returns are prepared precisely and filed on time. Contact us at https://www.karrtax.in/gst-return-filings , and we will streamline your financial processes and ensure that your business operates seamlessly within the law's bounds. Frequently Asked Questions (FAQs) Can I file a GST return on my own? Yes, you can file a GST return independently, but this is not an easy procedure and requires careful consideration. That’s why it is suggested to get help from experienced tax professionals. 2. How can I file a GST return online? Filing a GST return online involves several steps. So, Get in touch with KarrTax, and we will help you with all your requirements. 3. What are the consequences of non-compliance with GST return filing? Non-compliance with GST return filing can lead to penalties, interest charges, and even cancellation of your GST registration. 4. Can I revise a filed GST return? According to specific guidelines, there is no provision for revising GST return filing. However, corrections can be made in the subsequent return for the corresponding tax period if you have encountered any errors. 5. When are GST returns due to be filed? The due dates for filing GST returns vary depending on the return type and your turnover. 6. What are the various GST return types? There are distinct types of GST returns, such as GSTR-1 (outward supplies), GSTR-3B (summary return), GSTR-4 (composition dealer return), GSTR-9 (annual return), and more. The exact returns you need to file depend on your business type and GST registration.