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Easily estimate your income tax liability for the financial year. Get accurate results and plan your finances effectively with the Income Tax Calculator! આવકવેરા કેલ્ક્યુલેટર (જૂની વિ નવા) What is an Income Tax Calculator? 2020 ના કેન્દ્રીય બજેટમાં, નાણાં પ્રધાન નિર્મલા સીતારામણે જૂની યોજના હેઠળ કર ચૂકવવા માટે વ્યક્તિગત અને એચયુએફ કરદાતાઓ માટે નવી યોજના દાખલ કરી છે અથવા કરવેરાની નવી યોજના રજૂ કરવામાં આવી છે. વ્યક્તિગત / એચયુએફ પાસે ફાયદાકારક હોય તેવા બે કર સ્લેબ વચ્ચે પસંદગી કરવાનો વિકલ્પ હશે. اور જૂની યોજના હેઠળ, વિવિધ કપાત થાય છે એટલે કે પ્રકરણ વી.આઇ.એ. હેઠળ, પગારમાંથી ધોરણ કપાત, મકાન સંપત્તિ, હાઉસિંગ લોન પર વ્યાજ, G૦ જી કપાત વગેરે. તમામ કપાત ન્યૂ ટેક્સ સ્લેબ અંતર્ગત કરવામાં આવી છે જેમાં નવા દર અને ટેક્સ સ્લેબ છે. સૂચવવામાં આવ્યું છે. اور અહીં અમે બંને યોજનાઓ હેઠળ ટેક્સ સ્લેબ અને કરના દરો પર ધ્યાન આપીએ છીએ: اور 1. જૂની યોજના اور મૂળભૂત મુક્તિ મર્યાદા રૂ .૨..5 લાખ اور કરની આવકનો દર اور 2.5 લાખથી 5 લાખ 5% 5 લાખથી 10 લાખ 20% 10 લાખથી વધુ 30% اور તમામ કપાત જૂની યોજના હેઠળ એટલે કે ધો. કપાત, પ્રકરણ વીઆઇએ હેઠળ કપાત, 80 જી અને અન્ય 80 કપાત, ધો. મકાન સંપત્તિમાંથી કપાત, આવાસ લોન પરના વ્યાજ વગેરે. اور 2. નવી યોજના اور બેઝિક છૂટની મર્યાદા રૂ .૨..5 લાખ اور કરની આવકનો દર اور 2.5 લાખથી 5 લાખ 5% 5 લાખથી 7.5 લાખ 10% 7.5 લાખથી 10 લાખ 15% 10 લાખથી 12.5 લાખ 20% 12.5 લાખથી 15 લાખ 25% 15 લાખથી વધુ 30% اور જૂની યોજના હેઠળ ઉપલબ્ધ આ યોજના હેઠળ કોઈ કપાતની મંજૂરી આપવામાં આવશે નહીં اور اور જો તમે બંને યોજનામાં તમારા ટેક્સની ગણતરી કરવા માંગતા હો અને પછી કયા વિકલ્પનો ઉપયોગ કરવાનો છે તે નિર્ણય લો, અમે કેલ્ક્યુલેટર પ્રદાન કરી રહ્યા છીએ. 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. કેલ્ક્યુલેટર માટે અહીં ક્લિક કરો

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.

Streamline your TDS return process with Form 24Q. Ensure security and efficiency in tax filing with our user-friendly platform. FORM 24Q: Price List ટીડીએસ પરત ફ FORર્મ 24Q ધોરણ રૂ. 1499 Chat with Expert Payment after work અત્યારે શરુ કરો ફોર્મ 24 ક્યૂ શું છે? 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 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 ➡ ફોર્મ 24Q કેવી રીતે મેળવી શકાય? પીડીએફમાં ડાઉનલોડ કરો ફોર્મ 24 ક્યૂ ડાઉનલોડ કરો ઉપયોગી લિંક્સ ફાઇલ ટીડીએસ રીટર્ન (ફોર્મ 24 ક્યુ 26 ક્યુ 27 ક્યુ) હવે અહીં ક્લિક કરો اور

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 વિશે નોંધણીઓ About એનજીઓ નોંધણી એનજીઓ 80 જી નોંધણી અને નવીકરણ જીએસટી નોંધણી ટન નોંધણી ટન નોંધણી Landing Page New Page New Page આઇટી નોટિસ સહાયતા જીએસટી સેવાઓ ટીડીએસ સેવાઓ સેવાઓ આવક વેરો આઈટીઆર - 1 આઈટીઆર - 2 આઈટીઆર - 3 આઈટીઆર - 4 આઈટીઆર - 5 આઈટીઆર - 6 આઈટીઆર - 7 New Page New Page New Page જી.એસ.ટી. જીએસટી રીટર્ન ફાઇલિંગ્સ જીએસટી વાર્ષિક રીટર્ન ફાઇલિંગ્સ ટીડીએસ ફોર્મ 24 ક્યૂ ફોર્મ 26 ક્યુબી ફોરમ 26 ક્યૂ ફોર્મ 27 ક્યૂ ફોર્મ 27EQ જ્ledgeાન કેન્દ્ર Income Tax જીએસટી TDS નિષ્ણાતની સલાહ Partners Tools Calendar લેખ અમારો સંપર્ક કરો 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. અમારા ગ્રાહકો તેને પ્રેમ કરે છે. શું તમે આગળ છો? Get Started તમારા મનપસંદ ભારતીય બ્રાન્ડ્સ દ્વારા વિશ્વસનીય ઓ, તમે! શું તમે તમારી લિંક કરી છે PAN અને આધાર? છેલ્લી તારીખ 31મી માર્ચ, 2023 છે ચાલો તે કરીએ! આરામ કરો. અમે બધું સંભાળીએ છીએ આવક વેરો તમારા એડવાન્સ ટેક્સની ગણતરી કરવા માટે આવકવેરા વિભાગ તરફથી મળેલી નોટિસને હેન્ડલ કરવા માટે તમારું આવકવેરા રિટર્ન ફાઇલ કરવું, અમે તે બધું વ્યવસાયિક રીતે સંભાળીએ છીએ 😎! ચાલો તે કરીએ! GST GST સાથે તમારા વ્યવસાયની નોંધણી કરો અને GST રિટર્ન સરળતાથી ફાઇલ કરો! ફક્ત વ્યવસાયની વિગતો આપો અને બેસો. અમે તેને ઝડપથી સંભાળી લઈશું ⚡ ચાલો તે કરીએ! આધાર ફાઇલિંગની શરૂઆતથી છેલ્લી ટેક્સ ચુકવણી સુધી, અમે સમગ્ર પ્રક્રિયામાં માર્ગદર્શન આપીએ છીએ સુરક્ષિત તમારો ડેટા 100% SSL સુરક્ષિત છે. કોઈ હેકર્સ નથી. કોઈ ચિંતા નહી. તમારો ડેટા અમારી ટીમની બહાર જતો નથી સુપરફાસ્ટ તમે બુલેટ ટ્રેન જાણો છો? હા, અમારી સેવાઓ તેના જેવી સુપર ફાસ્ટ છે. ટેક્સ નિષ્ણાતોની ટીમ તમને મદદ કરવા માટે હંમેશા હાજર છે! વિશે જાણો કર નવા સ્ટુડન્ટથી લઈને વિદ્વાન ટેક્સ એક્સપર્ટ સુધી, દરેક જણ અમારા નોલેજ સેન્ટરમાંથી ટેક્સ વિશે જાણી શકે છે! આવકવેરા, GST અને TDS વિશે સરળતાથી જાણો! 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 GST શીખો જ્યારે શરૂઆતમાં GST એક જટિલ વિષય હતો કારણ કે તે નવો હતો પરંતુ છેલ્લા કેટલાક વર્ષોમાં તે વિકસિત થયો છે અને હવે તે શરૂઆતમાં હતો તેટલો મુશ્કેલ નથી. અહીં onlineindiataxfilings.net GST લર્નિંગ સેન્ટર પર, અમે GST કાયદાને લગતા મહત્વના અને સંબંધિત વિષયોનું વિવિધ શ્રેણીઓ દ્વારા વિશ્લેષણ કરીશું જેથી કરીને વાચકો માટે વિષયોને વધુ સારી રીતે સમજવામાં સરળતા રહે. Start your GST Learning Journey યોજનાઓ અને કિંમત સિવાયની તમામ યોજનાઓ કામ પછી ચુકવણીનો સમાવેશ થાય છે! આવક વેરો ITR ફાઇલિંગ થી શરૂ કરીને રૂ. માત્ર 349 શરૂ કરો GST નોટિસ સહાય થી શરૂ કરીને રૂ. માત્ર 499 શરૂ કરો અન્ય એડવાન્સ ટેક્સ થી શરૂ કરીને રૂ. માત્ર 499 શરૂ કરો 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. તમારા મોબાઇલ ફોન પર તમારા કર ભરવાનું શરૂ કરો! તમારા મોબાઇલ ઉપકરણો પર ટેક્સ ફાઇલિંગ? હવે સરળ છે! ઓનલાઈન ઈન્ડિયા ટેક્સ ફાઈલિંગ દ્વારા ઝડપી ફાઈલ સાથે! 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. "ટીમ વર્ક ડ્રીમ વર્ક બનાવે છે" તમારી ટીમ એ મારી છેલ્લા કલાકની વિનંતી સ્વીકારી છે અને તેઓએ ગણતરી તૈયાર કરી છે અને ITR સબમિટ કરી છે. તમારી ટીમ ઘણી સારી છે. ભાવના અને ઉત્સાહ રાખો! - રામા શેશુ અમારા અદ્ભુત ગ્રાહકો શું કહે છે તે અહીં છે

Discover India's TDS provisions & Form 26Q. Learn due dates, interest on TDS, and ensure tax compliance for seamless reporting. FORM 26Q: Price List ટીડીએસ પરત ફ FORર્મ 26 ક્યૂ તમારું ચૂંટો ધોરણ પગાર સિવાયની કપાત પર ટીડીએસ માટે ફોર્મ 26 ક્યૂ રૂ. 1499 અત્યારે શરુ કરો FORM 26Q: FAQ ફોર્મ 26 ક્યૂ ડિડકટરે કપાત કરનારને કરેલી ઘણી ચુકવણીના સંદર્ભમાં ટીડીએસ કાપવાનો હોય છે. આવકવેરા અધિનિયમની કલમ 193 અને 194 આ ચુકવણીઓના સંદર્ભમાં ટીડીએસ કપાતની જોગવાઈઓ સૂચવે છે. આ ચુકવણીઓમાં શામેલ છે: (એ) વ્યાજ (બી) ભાડે (સી) આયોગ (ડી) કરારની ચુકવણી વગેરે. કાપવામાં આવેલા ટીડીએસની ચૂકવણી સરકારમાં કરવાની રહેશે. માસિક ધોરણે ટીડીએસ ચલણ દ્વારા ખાતું. ચાલાન દ્વારા ટીડીએસ ચુકવણી કર્યા પછી, ડિડકટરે ટીડીએસ ફોર્મ 26 ક્યૂમાં રિટર્ન ફાઇલ કરવું પડશે. તે ટીડીએસનું ત્રિમાસિક વળતર છે જેમાં નિવાસી કપાત દ્વારા કપાતને વ્યાજ, ભાડ, કમિશન, કરાર વગેરેના સંદર્ભમાં કરાયેલી તમામ ચુકવણીઓનો સંદર્ભ છે. اور આ ફોર્મ ક્વાર્ટરના અંતથી એક મહિનાની અંદર દર ક્વાર્ટરમાં ભરવાનું છે. જો કે, માર્ચ સમાપ્ત થતા ક્વાર્ટર માટે, આ ફોર્મ 31 મે સુધી ભરી શકાશે. اور ફોર્મ ભર્યા પછી, તે જ ટીડીએસ સીપીસી પોર્ટલ દ્વારા પ્રક્રિયા કરવામાં આવે છે. ફોર્મ 16 એ એટલે કે ટીડીએસ સર્ટિફિકેટ 26નલાઇન 26 મી ફાઇલ કરવાની તારીખથી 15 દિવસની અંદર પેદા કરવાના છે જે ટીડીએસ સીપીસી પોર્ટલ પર ઉપલબ્ધ હશે. 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 પીડીએફ માં 26Q ફોર્મ ફોર્મ 26Q ડાઉનલોડ 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.

Effortlessly file your income tax return with ITR-6 using our step-by-step assistance. ITR - 6: Price List આઇટીઆર 6 ફિલિંગ્સ એ.વાય.આર. 2021-22 તમારું ચૂંટો Rs 3999 For Companies Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started બધા વિશે આઈટીઆર 6 ફોર્મ એવાય. 2020-21 કંપનીના સંપૂર્ણ નાણાકીય નિવેદનો ચાર્ટર્ડ એકાઉન્ટન્ટ દ્વારા યોગ્ય રીતે itedડિટ કરવામાં આવે છે. જો કંપનીનું ટર્નઓવર રૂ. 2 કરોડ અલગ ટેક્સ auditડિટ યુ / u s એબી પણ લાગુ પડે છે અને ફોર્મ 3 સીએ અને CD સીસીમાં કરવેરા ઓડિટ રિપોર્ટ પણ અલગથી ફાઇલ કરવાના છે. ફોર્મ 16 એ / 26 એએસ કપાત દાવો વિગતો આઇટીઆર -6 ફાઇલ કરવા માટે જરૂરી દસ્તાવેજો ITR-6 is the specific income tax return form designed for companies, including Section 8 companies or Non-Profit Organizations (NPOs) that do not claim exemption under Section 11 of the Income Tax Act. This form caters to companies other than those that claim exemption under Section 11, such as charitable or religious trusts. Section 8 companies, which are formed for promoting various social causes or charitable objectives, fall under the purview of ITR-6 for reporting their income. Understanding how to file ITR-6 is crucial for these entities to comply with income tax regulations and fulfill their tax obligations, ensuring accurate disclosure of their financial particulars. According to Section 11 of the Income Tax Act 1961, companies not claiming an exemption are req uired to file their IT return in the ITR-6 Form. Which companies are eligible for exemptions under section 11? Organizations whose property income is held for religious or charitable purposes. Political parties recorded under the Representation of the People Act, 1951. NGOs formed under the Societies Registration Act participate in activities like education, healthcare, promotion of culture, etc. Companies under Section 8 of the Companies Act of 2013 doing charity endeavors and social welfare. Who is Eligible For ITR-6 Filing? The ITR-6 return form is furnished by all the companies under the Companies Act 2013 or the earlier Companies Act 1956. However, if an organization’s income source comes from a religious or charitable property, they are not required to file this return form. E-filing Audit Reports If the assessee is required for Audit u/s 44AB and a certified accountant has audited the accounts, then the below details should be submitted to the department, which includes Audit report details, Auditor, and The date of furnishing How To File ITR 6 Filing ITR-6 involves the use of the Income Tax Department's e-filing portal, where companies, including Section 8 companies, can fill, download, and submit the form electronically. This online filing process simplifies tax compliance for these entities, providing a streamlined approach to report their income and maintain accurate financial records. ITR-6 form download is available on the official income tax e-filing portal, allowing companies, including Section 8 companies, to access the necessary form for reporting their income and ensuring compliance with tax regulations. Understanding the taxation norms applicable to Section 8 companies and the relevance of ITR-6 aids these entities in fulfilling their tax responsibilities while contributing to their respective charitable or social causes. Structure of the ITR-6 Form ITR-6 form is divided into two parts: Part A and Part B. Each part has its subsections with multiple schedules. Here, we will explain both of these parts in detail! Part A: General information: This subsection includes basic details such as Taxpayer's name and address PAN (Permanent Account Number) of the company Challan Identification Number Date of filing the return Status of the taxpayer (e.g., company) Details of the audit, if applicable Part A-BS: Balance Sheet: Here, details of the company’s balance sheet, such as the liabilities, current liabilities, share capital, and more, are included. Part A-BS-Ind AS: Here, details of the company’s balance sheet according to the financial year or as on the date of the business combination are included. Part A-Manufacturing Account: This subsection encompasses manufacturing account details related to inventory, such as Opening stock, Closing stock, and Cost of the produced goods. Part A-Trading Account: It requires details related to the company's income and expenditure. Part A-P&L: Profit and Loss Account: Detailed financial statements of the company's profit or the loss incurred during the respective financial year. Part A-OI: Other information: Details about the business activity, partners, shareholding pattern, etc. Part A-QD : Quantitative details Part A-OL: Payment and Receipt account of company under liquidation. Part A -Manufacturing Account-Ind AS Part-B - 42 schedules are there in this section. Here’s a detailed explanation. Tax Payments Advance Tax and Self-Assessment tax payment details. TDS (Tax Deducted at Source) details. TCS (Tax Collected at Source) details. Due Dates For Filing ITR-6 Form How To File The ITR-6 Form ITR-6 return filing involves several steps, as specified below the sequence for filling out parts and schedules. Part A ( and its subsection) All the Schedules Part B ( its subsection) Verification After all the required information is furnished, the IT return is filed online by affixing the assessee's DSC (Digital Signature). Also, if you need assistance regarding ITR-6 return filing, contact us at https://www.karrtax.in/ . No Annexures Required You are not required to include any documents, such as TDS certificates, with your ITR-6 return. Instead, it is recommended that taxpayers compare the taxes deducted, collected, or paid on their behalf with the information in their Tax Credit Statement, also known as Form 26AS . This practice ensures that the details in your return align with the data in Form 26AS and promotes accurate tax filing and compliance. How Karr Tax Can Help You With ITR-6 Return Filing? Assessment & Data Compilation: We are here to assist you in determining if ITR-6 is the appropriate income tax return form for your organization. Our experts will determine the eligibility and provide insights into any exemptions or deductions you may be entitled to. Years of Experience: Karr Tax has a team of tax professionals who are well-versed in Indian tax laws and regulations. They will provide expert guidance and ensure your ITR-6 is accurately filed in compliance with the latest tax rules. Tax Optimization: We will help you identify tax-saving opportunities, deductions, and incentives that may apply to your company. Different Types ITR Filing Services : Our return filing services are not limited to ITR-6, but we offer ITR-1 , ITR-2 , ITR-3 , ITR-4 , and ITR-5 services as well. Compliance and Accuracy: Karr Tax will review your financial statements, schedules, and other documentation to ensure compliance and accuracy in ITR-6 filing. This reduces the risk of errors or dissimilarities that could lead to tax issues. Frequently Asked Questions (FAQs) 1.Who is required to file an ITR-6 return? Companies not eligible for exemption under Section 11 of the Income Tax Act, 1961, such as business companies and charitable trusts , are required to file an ITR-6 form. 2.Who is not eligible for ITR-6 return filing? The below entities are not required to file an ITR-6 return, but they can file the other form according to their eligibility. Individual taxpayers, including salaried employees and professionals. Firms and Limited Liability Partnerships (LLPs) Special Economic Zone (SEZ) Units Entities seeking exemption under Section 11 of the Income Tax Act. 3.Where can I get help with filing ITR-6? You can seek assistance from KarrTax , and we will advise you on various aspects of taxation, including deductions, exemptions, and compliance. 4.What are the penalties for not filing ITR-6 on time? If you fail to file ITR-6 by the due date, you may be liable to penalties and interest on the outstanding tax liability. The penalty amount may vary depending on the delay and the total income. 5.What is the due date for ITR-6 return filing? October 31st, if the company's accounts are audited under the IT Act. November 30th, if the company is required to furnish a report in Form No. 3CEB. July 31st, if the company’s accounts do not require auditing. 6.What documents and information are needed for filing ITR-6? Here is the list of documents required for filing ITR-6. Financial statements, Audited accounts, Profit and loss statements, Balance sheets, and Details of income, Deductions, and Taxes paid આઇટીઆર 6 ડાઉનલોડ કરો

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.

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 ટીડીએસ ફોર્મ 26 ક્યુબી તમારું ચૂંટો ધોરણ સ્થાવર મિલકતના વેચાણ પર ટીડીએસ માટે ફોર્મ 26 ક્યુબી રૂ. 1250 છે અત્યારે શરુ કરો FORM 26QB: FAQ ફોર્મ 26 ક્યુબી શું છે? 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 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 ➡ 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.

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Got a notice from the Income Tax Department? Get expert assistance and respond to notices with a tax expert! સહાયક આવકવેરા સૂચનો ભારતમાં જરૂરી આવકવેરા નોટિસ સહાયતા સેવા, જો તમને આવકવેરા વિભાગ દ્વારા ટેક્સ રિટર્નના વિવિધ કારણોસર મોકલવામાં આવેલી નોટિસ મળી હોય. ખામીયુક્ત વળતર તમે ખામીયુક્ત વળતર માટે યુ.એસ. 139 (9) માટે નોટિસ મેળવી છે? રૂ .499 અત્યારે શરુ કરો યુ / એસ 143 (1) ની માંગ કરો શું તમને ડિમાન્ડ નોટિસ મળી છે / 143 (1) રૂ .499 અત્યારે શરુ કરો! સુધારણા યુ / એસ 154 શું તમે સુધારો વિનંતી u / s 154 દાખલ કરવા માંગો છો? રૂ .499 અત્યારે શરુ કરો! આઇટી રીટર્ન સંબંધિત તમામ સૂચનાઓ આઇટી રિટર્ન્સ ફાઇલ કર્યા પછી આઇટી વિભાગ દ્વારા સર્વિસ કરવામાં આવતી બે સૌથી સામાન્ય સૂચનાઓ આ છે: اور 1. ખામીયુક્ત વળતરની સૂચના યુ.એસ. 139 (9) 2. પ્રાઇમ-ફેસિયા એડજસ્ટમેન્ટની સૂચના યુ / એસ 143 (1) (એ) આઇટી વિભાગ દ્વારા આપવામાં આવેલી અન્ય ઘણી નોટિસો છે જેમ કે સ્ક્રુટિની સંબંધિત નોટિસ યુ / એસ ૧33 (૨), રીટર્ન ફાઇલિંગ નોટિસ યુ / એસ ૧2૨ (૧) વગેરે. પરંતુ હાલમાં અમે સલાહ આપીશું અને ઉપરની બે સૂચનાઓ અને સુધારણા વિનંતીથી સંબંધિત માર્ગદર્શિકા તા. અમે હવે તે દરેકની ચર્ચા કરીશું: 1. ખામીયુક્ત વળતરની સૂચના 139 (9) ● Notice Under Section 133(6) Reasons for receiving notice u/s 133(6) include: Failure to file ITR despite having income exceeding the basic exemption limit as per the AIS (Annual Information Statement) . Incorrect reporting of income A significant difference between the reported income in the ITR and the expenditures reflected in the AIS. ● Intimation Under Section 143(1)- (Routine Communication) 1. ખામીયુક્ત વળતરની સૂચના યુ.એસ. 139 (9) જો નીચેની શરતોને પૂર્ણ ન કરે તો આવકનું વળતર ખામીયુક્ત માનવામાં આવે છે: اور (એ) આવકના દરેક વડા હેઠળ વળતરમાં જોડાણો, નિવેદનો અને કumnsલમ, કુલ કુલ આવકની ગણતરી અને કુલ આવક ભરવામાં આવી છે اور (બી) વળતર કુલ આવકની ગણતરીના નિવેદન સાથે છે اور (સી) જો રીટર્ન ઓડિટ હેઠળ છે, તો તેની સાથે ઓડિટ રિપોર્ટ યુ.એસ. એ.એ.બી. એ.એ.બી. એ.એ.બી. સાથે છે અથવા રિપોર્ટ રજૂ કર્યાના પુરાવા સાથે. اور (ડી) વળતર ટેક્સ અને ટીડીએસ અને ટીસીએસની ચૂકવણીના પુરાવા સાથે હોય, જો કોઈ હોય, اور ()) જો એકાઉન્ટ્સના નિયમિત પુસ્તકો જાળવવામાં આવે છે, તો વળતર મેન્યુફેક્ચરિંગ, ટ્રેડિંગ અને પ્રોફિટ અને લોસ એકાઉન્ટ સાથે બેલેન્સ શીટ વગેરે સાથે હોય છે. اور (એફ) જો હિસાબના નિયમિત પુસ્તકોનું સંચાલન કરવામાં આવતું નથી, તો વળતર એ ટર્નઓવરની માત્રા દર્શાવતા નિવેદનની સાથે આવે છે અથવા, જેમ કે, આવક, કુલ આવક, કુલ નફો, ખર્ચ અને વ્યવસાય અથવા વ્યવસાયનો ચોખ્ખો નફો અને જેના આધારે આવી રકમની ગણતરી કરવામાં આવી છે, અને તે પણ અગાઉના વર્ષના અંત સુધીમાં કુલ ભંડોળ દેનારા, સમૃધ્ધ લેણદારો, સ્ટોક-ઇન-ટ્રેડ અને રોકડ બેલેન્સની રકમ જાહેર કરે છે. اور (જી) માલિકીના વ્યવસાય અથવા વ્યવસાયના કિસ્સામાં, માલિકનું વ્યક્તિગત ખાતું; પે firmીના કિસ્સામાં, વ્યક્તિઓ અથવા વ્યક્તિઓના શરીરનું જોડાણ, ભાગીદારો અથવા સભ્યોના વ્યક્તિગત એકાઉન્ટ્સ; અને પે firmીના ભાગીદાર અથવા સભ્યના કિસ્સામાં, વ્યક્તિઓ અથવા વ્યક્તિઓના શરીરનું જોડાણ, પે hisીમાં તેમનું વ્યક્તિગત એકાઉન્ટ, વ્યક્તિઓ અથવા વ્યક્તિઓના શરીરનું જોડાણ; اور (એચ) જ્યાં આકારણીના હિસાબનું audડિટ કરવામાં આવ્યું છે, ત્યાં વળતરની સાથે ઓડિટ કરેલા નફા અને ખોટ ખાતા અને બેલેન્સશીટની નકલ અને itorડિટરનો અહેવાલ છે અને જ્યાં આકારણીના ખર્ચ ખાતાઓનું auditડિટ કરવામાં આવ્યું છે, તે વિભાગ હેઠળ કંપની અધિનિયમ, 1956 (1956 નો 1) ના 233 બી, તે કલમ હેઠળનો અહેવાલ; اور ● Demand Notices Under Section 156 When taxpayers have outstanding taxes that need to be settled, the income tax department issues a demand notice under Section 156. This notice functions as a formal demand for the unpaid taxes, specifying the amount owed and the deadline for payment. Additionally, it may detail any additional charges, such as fines or interest, that have accrued. Receiving such a notice can be a serious matter, and it's advisable to seek assistance from a tax professional. They can help you understand the implications of the notice and assist you in taking the necessary steps to address the outstanding tax liabilities. When there are outstanding dues after assessment, the Income Tax Department issues a Demand Notice under Section 156. This notice specifies the amount payable, including taxes, interest , and penalties. Key points to note about this notice include: Timely payment is crucial to avoid further penalties and legal action. If the taxpayer disagrees with the demand, they can file an appeal with the Appellate Authority. It's essential for taxpayers to review the demand notice carefully, understand the components of the outstanding amount, and take appropriate action. Failing to address the demand can lead to additional financial liabilities. Being aware of these common types of income tax notices and understanding their implications is vital for taxpayers in India. Prompt and accurate responses, as well as seeking professional assistance when necessary, can help individuals and businesses effectively manage income tax notices and ensure compliance with tax laws. ● Notice Under Section 142(1) Reasons for receiving notice u/s 142(1) include: The assessing officer wants additional information or documents about the filed income tax return , such as a statement of assets and liabilities and claim certificates. ITR was filed after the due date. Being non-responsive to this notice will result in a penalty of Rs 10,000, Prosecution (extended up to 1 year), or both. 2. 143 (1) (એ) હેઠળ પ્રિમ ફેશિયા એડજસ્ટમેન્ટની સૂચના 2. પ્રાઇમા ફેસિયા એડજસ્ટમેન્ટની સૂચના યુ / એસ 143 (1) (એ) اور આવકવેરા કાયદાની કલમ 143 (1) (એ) મુજબ, જ્યાં કોઈપણ રીટર્ન યુ / ૧ 139 139 દાખલ કરવામાં આવ્યા છે, આવા વળતરની પ્રક્રિયા કરવામાં આવશે અને નીચેની ગોઠવણો કર્યા પછી આવક / નુકસાનની ગણતરી કરવામાં આવશે: اور (i) વળતરમાં કોઈ અંકગણિત ભૂલ; اور (ii) ખોટો દાવો, જો આવા ખોટા દાવા વળતરની કોઈપણ માહિતીમાંથી સ્પષ્ટ હોય; (iii) ખોટની મંજૂરી ન હોવાનો દાવો કરવામાં આવે છે, જો પાછલા વર્ષના વળતર, જેના માટે નુકસાનની મુક્તિનો દાવો કરવામાં આવે છે, તો તે કલમ ૧ of 139 ની પેટા-વિભાગ (૧) હેઠળ નિર્ધારિત નિયત તારીખથી આગળ રજૂ કરવામાં આવી છે; (iv) ઓડિટ રિપોર્ટમાં દર્શાવેલ ખર્ચની મંજૂરી ન આપવી પણ વળતરની કુલ આવકની ગણતરી કરવામાં ધ્યાનમાં લેવામાં આવતી નથી; (વી) કલમ 10 એએ , -૦-આઇએ , AB૦-આઇએબી , -૦-આઇબી , -૦-આઇસી , -૦-આઈડી અથવા કલમ -૦-આઇઇ હેઠળ કપાતની મંજૂરી ન આપવી, જો વળતર પેટા-સેક્શન હેઠળ નિર્ધારિત નિયત તારીખથી આગળ આપવામાં આવે તો (1) કલમ 139 નો ; અથવા اور તેમ છતાં, ઉપરના માથા હેઠળ કોઈપણ ગોઠવણ કરવા માટે, કરદાતાને સૂચના આપવી જોઈએ; اور કોઈપણ ગોઠવણ કરતા પહેલાં, કરદાતાના જવાબને ધ્યાનમાં લેવો જોઈએ અને જો 30 દિવસની અંદર કોઈ જવાબ નહીં મળે તો, ગોઠવણો કરી શકાય છે. اور 3. સુધારણા વિનંતી યુ / એસ 154 ઘણી વખત એવું બને છે કે આવકવેરા સત્તામંડળ એટલે કે સીપીસી અથવા આવકવેરા અધિકારીઓ દ્વારા પસાર કરાયેલા ઓર્ડરમાં કોઈ ભૂલ આવી છે. ભૂલ કેટલીક ભૂલને કારણે હોઈ શકે છે જે રેકોર્ડ પર સ્પષ્ટ છે. اور આ ભૂલો / ભૂલો સુધારવા માટે આવકવેરા અધિનિયમને આવકવેરા કાયદાની 154 હેઠળની ભૂલો સુધારવા માટે શક્તિ આપવામાં આવી છે. اور સુધારણા વિનંતી કરદાતા દ્વારા કરી શકાય છે અથવા તે જ ઇન્કમ ટેક્સ ઓથોરિટી સુઓ મોટો દ્વારા સુધારી શકાય છે. اور સુધારણાના હુકમની સમયમર્યાદા નાણાકીય વર્ષના અંતથી 4 વર્ષ છે જેમાં સુધારણા માંગવાનો ઓર્ડર ઓથોરિટી દ્વારા પસાર કરવામાં આવે છે. હવે સી.પી.સી., બંગાલુરુ દ્વારા અપાયેલા આદેશોના સંદર્ભમાં, તમામ સુધારણા વિનંતીઓ ફક્ત આઇટી વેબસાઇટના ઇ-ફાઇલિંગ પોર્ટલ દ્વારા onlineનલાઇન કરવાની રહેશે. اور શું તમને કોઈ ઓર્ડર પ્રાપ્ત થયો છે કે જે તમને 143 (1) (એ) છે જે ભૂલભરેલું છે અને તેને સુધારવાની જરૂર છે, કૃપા કરીને 91-8955833830 પર અમારો સંપર્ક કરો અથવા અમને onlineનલાઇન indiનિડેટાએક્સફિલિંગ્સ @ gmail.com પર ઇમેઇલ કરો اور તમે અહીં માહિતી orderર્ડર પણ અપલોડ કરી શકો છો. ● Tax Notice Under Section 148 This notice is issued if the Income Tax Department believes that the Taxpayer has not correctly disclosed the income to pay less taxes or If an individual has not filed the return, even they are mandated to do so. In response to the notice, individuals must provide income details again for a specific financial year, along with any supporting documents, such as proof of tax-saving investments made during that period. A notice under Section 148 is issued when the department believes that certain income has escaped assessment, such as undeclared income or investments . This notice allows the department to reopen a previously filed assessment. Key points to note about this notice include: The taxpayer must respond to the notice and provide relevant information. The Assessing Officer will conduct a fresh assessment based on the information provided. Scrutiny assessment notices are typically more detailed and require thorough documentation and cooperation with the Assessing Officer. Seeking professional assistance is often advisable to navigate these complex assessments effectively. ● Intimation Under Section 245 The assessing officer issues intimation u/s 245 to confirm with the taxpayer if pending tax dues from previous financial years can be adjusted using the income tax refund issued in the current assessment year. Individuals have the option to agree or disagree with the proposed adjustment within 30 days. Important: It's vital to respond to the notice within the specified timeframe. Otherwise, the tax authorities will automatically adjust the pending tax dues against the income tax refund and issue the balance refund amount, if any. How To Authenticate Notice/Order Issued by ITD? Authenticating an income tax notice or order issued by the Income Tax Department (ITD) is a crucial step before responding to it. Here's how you can authenticate an income tax notice online on the income tax portal: Visit the official income tax website and click on the ‘Authenticate notice/order issued by ITD’ under ‘Quick Links.’ 2. You have two options to authenticate the income tax notice: 3. PAN, document type, assessment year, issue date, and mobile number (for notice/order/letter issued for AY 2011-12 and subsequent years only) 4. Document Identification Number and mobile number (for all assessment years) 5. After filling in all the details in the chosen option, you will receive an OTP. Once it is validated, the date of the issue of the notice, along with the DIN of the notice will be issued. If in case, the notice is not issued by the ITD, it will display the following message – “No record found for the given criteria.” How To Effectively Respond To an Income Tax Notice? When you get an income tax notice due to any of the above-mentioned scenarios, the following measures can be taken to respond efficiently. First things first: carefully read the notice and find out why it was sent. Pay close attention to the deadlines mentioned. Many times, tax authorities send notices mistakenly. To ensure the notice is intended for you, double-check your name, PAN number, and address. Gather all relevant documents and records according to the specific tax matter mentioned in the notice. Respond to the notice within the given timeframe to avoid further penalties or legal consequences. Sometimes, it’s not possible for individuals to understand the terminologies; in such a scenario, consider seeking advice from a tax professional or a CA (chartered accountant). Maintain copies of all correspondence, including your response to the notice and any supporting documents submitted. Notice resolution can take time, so maintain patience. Be proactive in addressing any further requests or queries from the tax authorities. How Can KarrTax Help You With Income Tax Notice Assistance? KarrTax has a team of experienced tax professionals who specialize in handling income tax notices of all kinds. Whether it's a scrutiny notice, demand notice, or any other communication from the tax authorities, we have the expertise to assist you effectively. Here are some of the reasons why you should choose us: We provide personalized solutions tailored to specific circumstances. Affordable rates start from Rs.499, with no hidden fees. (varies according to the issued notice type) We believe in transparency and clarity. From the initial consultation to the resolution of your tax notice, we'll keep you informed about the process, timelines, and potential outcomes. Dedication to providing personalized attention. Proven track record of assisting clients successfully with income tax notices. Frequently Asked Questions (FAQs) 1.What if a taxpayer ignores the income tax notice? Ignoring an income tax notice can lead to serious consequences, such as penalty proceedings, conducting a tax audit, or even prosecuting the taxpayer for non-compliance. 2.Is it mandatory to authenticate the notice/order by Income Tax Authorities? Absolutely, yes! It's essential to authenticate any notice or order issued by the authorities to ensure its authenticity and legitimacy. Even the department encourages this! That’s why, since October 1st, 2019, every communication from the Income Tax Department is assigned a unique Document Identification Number to help safeguard against fraudulent or unauthorized correspondence. 3.In how many days an individual can respond to the income tax notice? The time period for responding to an income tax notice typically varies depending on the nature of the notice and the specific instructions provided therein. For instance, the timeline for responding to notices u/s 139(9) is 15 days, while for intimation u/s 245, it’s 30 days. Strategies for Effectively Responding to Income Tax Notices To respond effectively: Understand the Notice: Carefully read and comprehend the notice to formulate a proper response. Seek Professional Assistance : Consider engaging a tax professional for guidance. Gather Comprehensive Documentation: Collect relevant documents to support your response. Respond Promptly: Adhere to response timelines to avoid penalties. Be Accurate and Complete: Ensure your response addresses all issues accurately. Maintain Open Communication: Communicate challenges or delays promptly. Consider Legal Options: Explore appeals if you disagree with the assessment. Keep Records: Maintain copies of all correspondence and documents. Stay Informed: Stay updated on tax laws and regulations. Seek Professional Review: Have a tax professional review your response. Be Patient: Notice resolution can take time; maintain patience. Learn from the Experience: Evaluate and implement improvements. Consider Professional Tax Planning: Engage in tax planning to prevent future notices The Significance of Seeking Professional Assistance Professional tax assistance offers several advantages: Expertise and Experience: Tax professionals specialize in resolving tax issues, providing accurate guidance and representation. Efficient Resolution: They analyze notices, identify issues, and develop effective strategies for timely resolution. Compliance and Accuracy: Professionals ensure responses comply with tax laws, minimizing errors and penalties. Peace of Mind: Outsourcing tax matters allows you to focus on other aspects of your life or business. Risk Mitigation: Professionals reduce the risk of mistakes in your response. Finding the Right Income Tax Notice Assistance Service Provider Selecting the right service provider is crucial: Expertise and Experience: Look for experienced professionals specialized in your type of notice. Reputation and Track Record: Check for positive reviews and successful resolutions. Transparent Pricing: Understand the cost and potential fees upfront. Communication: Choose providers who maintain open and responsive communication. Ethical Practices: Ensure ethical conduct and compliance with tax laws. Initial Consultation: Use the initial consultation to assess their approach and expertise. Case Study: Handling Income Tax Notices Here's a consolidated case study to show how taxpayers might encounter various types of income tax notices: 1. Mr. Rajesh, a salaried individual, filed his income tax return for the assessment year 2022. After filing, he received a notice from the Income Tax Department. Scenario: Mr. Rajesh, a salaried individual, filed his income tax return for the assessment year 2022. Type of Notice: Notice under Section 143(1) - Intimation Notice Action Taken: Rajesh reviewed the notice and found that there were no discrepancies in his income and tax calculation . He agreed with the assessment and took no further action. Outcome: No further action was required as Rajesh's return was accepted as filed. 2. In another scenario, Ms. Priya, a self-employed professional, filed her income tax return for the assessment year 2023. However, she made an error in her tax calculation, resulting in an underpayment of taxes. Scenario: Ms. Priya, a self-employed professional, filed her income tax return for the assessment year 2023. Type of Notice: Notice under Section 139(9) - Defective Return Notice Action Taken: Priya received a notice indicating the defects in her return. She promptly corrected the errors and submitted the revised return within the specified timeframe. Outcome: The corrected return was considered valid, and Priya avoided penalties for the underpayment. In a different scenario, Mr. Sanjay, a business owner, filed his income tax return for the assessment year 2021. The department suspected undisclosed income based on financial transactions. 3. Scenario: Mr. Sanjay, a business owner, filed his income tax return for the assessment year 2021. Type of Notice: Section 148 Notice - Reopening of Assessment Action Taken: Sanjay received a Section 148 notice, indicating that his assessment was being reopened. He provided all requested information and documents to the Assessing Officer. Outcome: After a thorough assessment, the department determined additional tax liability, and Sanjay had to pay the outstanding amount along with penalties and interest. 4. In another scenario, Ms. Anjali, a freelance consultant, filed her income tax return for the assessment year 2022. The department decided to scrutinize her return in detail. Scenario: Ms. Anjali, a freelance consultant, filed her income tax return for the assessment year 2022. Type of Notice: Section 143(2) Notice - Scrutiny Assessment Action Taken: Anjali received a Section 143(2) notice, requesting various documents and details. She collaborated with a tax professional to prepare and submit the required documentation. Outcome: The scrutiny assessment concluded with no significant discrepancies, and Anjali's return was accepted as filed after a thorough examination. Lastly, a Demand notice showing unpaid dues was sent to Mr. Alok, a retired person with rental income . After reviewing the notice, he paid the outstanding amount within the specified timeframe, resolving the issue without further legal action. Income tax notices can take various forms, and it's essential to understand the types of income tax notices you may encounter. One common notice is under Section 139(9) of the Income Tax Act, which is issued when an ITR filed is defective or incomplete. These notices, often referred to as IT notices, require your attention and prompt response to rectify any issues with your tax filing. Additionally, you might come across an intimation under Section 143(1), which is an automated communication from the Income Tax Department summarizing your return's assessment. Being aware of these different types of income tax notices is crucial for maintaining compliance with tax regulations. Received an Income Tax Notice? Relax! Our Experts are here to answer all your queries. Just connect with one below. અત્યારે શરુ કરો

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 જીએસટી એન્યુઅલ રીટર્ન ફિલિંગ તમારું ચૂંટો પાયાની 5 કરોડ સુધીના ટર્નઓવર માટે વાર્ષિક વળતર, اور રૂ. 5000 અત્યારે શરુ કરો ધોરણ ટર્નઓવર માટે વાર્ષિક વળતર રૂ ..5 કરોડથી વધુ પરંતુ RS.10 કરોડ કરતા ઓછા રૂ. 10000 છે અત્યારે શરુ કરો પ્રીમિયમ ટર્નઓવર માટે વાર્ષિક વળતર રૂ. 10 કરોડ اور 15000 અત્યારે શરુ કરો What is GST Annual Return? નવા જીએસટી શાસન હેઠળ, દરેક કરદાતા / કંપનીઓને તે હેઠળના નિયમો અનુસાર જીએસટી વાર્ષિક રીટર્ન ફાઇલ કરવાની રહેશે. જીએસટી 1 લી જુલાઇ, 2017 થી લાગુ થયો હોવાથી, પ્રથમ વાર્ષિક વળતર એફ.વાયરિયર માટે હતું. 2017-18 અને તે માટેની નિયત તારીખ પહેલાથી જ વીતેલી છે. તેથી હાલમાં, એફ.વાયરિયર માટે જીએસટી વાર્ષિક રીટર્ન 2018-19 અને ત્યારબાદ ફાઇલ થવાની છે. વાર્ષિક રિટર્ન ભરવાની નિયત તારીખ નાણાકીય વર્ષના અંતથી એટલે કે Dec૧ ડિસેમ્બરે months મહિનાની અંદર છે પરંતુ નિયત તારીખ લંબાતી રહે છે. એફ.વાયરિયરના વાર્ષિક વળતર માટેની નિયત તારીખ કોવિડ -19 રોગચાળાને લીધે 2018-19 30 સપ્ટેમ્બર 2020 સુધી લંબાવાશે. વાર્ષિક રિટર્ન ફાઇલ કરતા પહેલા, સંબંધિત નાણાકીય વર્ષ માટે જીએસટીઆર -3 બી અને જીએસટીઆર -1 જેવા બધા વળતર ભરવા જોઈએ. 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. વાર્ષિક પાછા ફરવાના પ્રકારો 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.