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തിരയൽ ഫലങ്ങൾ

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  • Income Tax Form 26AS | Download 26AS Form Online | Karr Tax

    Download Form 26AS and Annual Information Statement (AIS). Find all the details about Form 26AS and AIS here. ഫോം 26AS ഇപ്പോൾ ഡൺലോഡ് ചെയ്യുക അടിസ്ഥാനം 149 രൂപ ഫോം 26 എഎസ് ഡ Download ൺലോഡുചെയ്യുന്നു (ഇതിനകം ആദായനികുതി ഫയലിംഗ് സൈറ്റിൽ രജിസ്റ്റർ ചെയ്തിട്ടുണ്ടെങ്കിൽ) എന്നെ ക്ലിക്കുചെയ്യുക സ്റ്റാൻഡേർഡ് 249 രൂപ ഇൻകം ടാക്സ് ഇ-ഫയലിംഗ് സൈറ്റിലെ രജിസ്ട്രേഷനും ഫോം 26 എഎസ് ഡ download ൺലോഡുചെയ്യലും ഉൾപ്പെടുന്നു എന്നെ ക്ലിക്കുചെയ്യുക ഫോം 26AS / ഫോം 26AS എന്താണ് 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.

  • Prebooking Offer | Karr Tax

    Pre-Book your Income Tax Return Filing for Assessment Year 2024-25 and leave your tax worries to our experts. Pre Book Your ITR Filing for Asst.yr. 2024-25! and get upto 15% off The ITR Filing for F. Yr. 2023-24 (Asst. Yr. 2024-25) has not started yet. However, you can pre-book your ITR and our Tax Experts will file your Income Tax Return as soon as the filing starts. Pre Book Now Pay Rs. 300 now, Rest after filings Plan Original Discount Final ITR - 1 Basic Rs. 399 Rs. 60 Rs. 339 ITR - 1 Standard Rs. 499 Rs. 75 Rs. 424 ITR - 1 Premium Rs. 899 Rs. 135 Rs. 764 ITR - 2 Basic Rs. 1199 Rs. 180 Rs. 1019 ITR - 2 Standard Rs. 1999 Rs. 300 Rs. 1699 ITR - 3 Rs. 2499 Rs. 375 Rs. 2124 ITR - 4 Rs. 1499 Rs. 225 Rs. 1274 The given prices are rounded off to the nearest integer and are inclusive of tax. How does the process go? Pay the booking fees of Rs. 300 irrespective of which ITR you will have to file. Our Tax Expert will contact you within 24 hours and ask for your income details. He will then suggest right ITR for you. You submit the required documents to the Tax Expert and he will file the ITR as soon as the filing starts. After the filing, you are required to pay the balance amount as per your plan. Stay ahead of the game by Pre-Booking your ITR now! Pre Book Now

  • GST No. search | Karr Tax

    Explore the essential guide to GSTIN management, covering strategies, hacks, and tools for seamless compliance in the world of GST. ജിഎസ്ടി നമ്പർ തിരയൽ / ജിഎസ്ടി പരിശോധന തിരയുക I'm a paragraph. Click here to add your own text and edit me. It's easy. DETAILS Trade Name No Details Legal Name No Details Registration Status No Details No Details Cancellation Date No Details Registration Date No Details Entity Type No Details Place of Business (Address) No Details RECENT GST RETURNS Return Type FY Period Filing Date Return Type FY Period Filing Date Return Type HSN/SAC CODE No Details RETURN PERIODICITY No Details No BUSINESS ACTIVITIES No Details എന്താണ് GSTIN? ഓരോ നികുതിദായകനും ജിഎസ്ടി വകുപ്പിൽ രജിസ്റ്റർ ചെയ്യുമ്പോൾ ജിഎസ്ടി നമ്പർ അല്ലെങ്കിൽ ജിഎസ്ടിഎൻ (ജിഎസ്ടി തിരിച്ചറിയൽ നമ്പർ) നൽകുന്നു. രജിസ്ട്രേഷൻ നമ്പർ. ഒരു അദ്വിതീയ ഐഡന്റിറ്റി നമ്പർ. രജിസ്ട്രേഷനായുള്ള അപേക്ഷ ജിഎസ്ടി വകുപ്പ് അംഗീകരിക്കുമ്പോൾ ഓരോ നികുതിദായകനും നൽകുന്നു. ഓരോ ജിഎസ്ടി നമ്പറിന്റെയും പ്രത്യേകതകൾ ഉണ്ട്: അവ ഇനിപ്പറയുന്നവയാണ്: 08AAAAA0000A1Z5 - സാമ്പിൾ ജിഎസ്ടി നമ്പർ. 1. ജിഎസ്ടി നമ്പറിന്റെ ആദ്യ രണ്ട് അക്ക സംസ്ഥാന കോഡിനെ പ്രതിനിധീകരിക്കുന്നു. ഉദാഹരണത്തിന് മുകളിലുള്ള സാമ്പിൾ നമ്പർ. 08 എന്നത് രാജസ്ഥാനിലെ സംസ്ഥാന കോഡിനെ പ്രതിനിധീകരിക്കുന്നു. 2. അടുത്ത പത്ത് അക്കങ്ങൾ രജിസ്റ്റർ ചെയ്ത നികുതിദായകന്റെ പാൻ പ്രതിനിധീകരിക്കുന്നു. 3. അടുത്ത സംഖ്യാ അക്കത്തെ പ്രതിനിധീകരിക്കുന്നു. സംസ്ഥാനത്ത് നികുതിദായകർ എടുത്ത രജിസ്ട്രേഷനുകളുടെ. ഒരു പ്രത്യേക സംസ്ഥാനത്ത് ഒരു രജിസ്ട്രേഷൻ മാത്രമാണ് അദ്ദേഹം എടുത്തതെന്ന് 1 സൂചിപ്പിക്കുന്നു. 4. അടുത്ത അക്ഷരമാല Z ഒരു നിശ്ചിത അക്ഷരമാലയാണ്. 5. മുകളിലുള്ള സാമ്പിളിലെ അവസാന അക്കം 5 എന്നത് വ്യത്യസ്ത നികുതിദായകർക്ക് വ്യത്യസ്തമായ ഒരു അദ്വിതീയ അക്കത്തെ പ്രതിനിധീകരിക്കുന്നു. ഇനിപ്പറയുന്ന ഏതെങ്കിലും ഓപ്ഷനുകളിലൂടെ ജിഎസ്ടി നമ്പർ ജിഎസ്ടി സൈറ്റിൽ തിരയാൻ കഴിയും: (1) ജിഎസ്ടിഎൻ വഴി ജിഎസ്ടി നമ്പർ ജിഎസ്ടി തിരയൽ. (2) പാൻ വഴി അതായത് പാൻ ജിഎസ്ടി തിരയൽ (3) കോമ്പോസിഷൻ നികുതിദായകനെ തിരയുക ജിഎസ്ടി സൈറ്റിന്റെ പ്രധാന പേജിൽ അതായത് www.gst.gov.in സെർച്ച് ടാക്സ് പേയർ ഓപ്ഷന് കീഴിൽ ഈ സൗകര്യം ലഭ്യമാണ്. മുകളിലുള്ള ഏതെങ്കിലും ഫീൽഡ് നിങ്ങൾക്ക് നൽകാനും നികുതിദായകരുടെ വിശദാംശങ്ങൾ തിരയാനും കഴിയും. എന്നിരുന്നാലും തിരയലിന് പാൻ നിർബന്ധമാണ്. പാൻ ഇല്ലാതെ നിങ്ങൾക്ക് ഒരു നികുതിദായകനെയും തിരയാൻ കഴിയില്ല. നികുതിദായകന്റെ പേരിലുള്ള ജിഎസ്ടി നമ്പർ തിരയൽ സാധ്യമല്ല. ഒരു പ്രത്യേക ജിഎസ്ടി നമ്പർ ഉണ്ടോ എന്ന് തിരിച്ചറിയാൻ മുകളിലുള്ള സൗകര്യം സഹായിക്കുന്നു. ശരിയോ വ്യാജമോ ആണ്. വ്യാജ ജിഎസ്ടി നമ്പർ. ഏതെങ്കിലും ബില്ലിൽ റിപ്പോർട്ടുചെയ്തു, നിങ്ങൾ അത് പരിശോധിച്ച് ആശങ്ക ബന്ധപ്പെട്ട ഡീലർക്ക് റിപ്പോർട്ട് ചെയ്യണം. കമ്പനിയുടെ പേരോ ഉറച്ച പേരോ ഉപയോഗിച്ച് ജിഎസ്ടി തിരയലിന് നിലവിൽ ഒരു സൗകര്യവും ലഭ്യമല്ലെന്നത് ശ്രദ്ധിക്കുക, അതായത് ഒരു വ്യാപാര നാമം ജിഎസ്ടി നൽകിയിട്ടുണ്ടെങ്കിൽ തിരയാൻ കഴിയില്ല. GSTIN തിരയുന്നതിനുള്ള ലിങ്ക് ഇനിപ്പറയുന്ന പ്രകാരം നൽകിയിരിക്കുന്നു: Searching for a GST Number Conducting a GST number search in India is a pivotal step for individuals or entities to verify the authenticity and details of a GST registration . GST number search tools enable users to search for a GST number using various parameters, including by name or PAN (Permanent Account Number). These tools facilitate the GST number search by company name or firm name, providing a means to authenticate the GST details associated with a particular entity. Moreover, searching GST numbers by name aids in identifying GST details linked to specific individuals or businesses, ensuring the accuracy and validation of their GST registration. The GST Department offers a user-friendly facility on its official website, www.gst.gov.in , to search for GST Numbers. Here are the available options for searching: 1. GST Number Search Using the GST Number search option, you can directly input a GSTIN to find specific taxpayer details. This method is particularly useful when you already have the GST Number and want to verify its accuracy. The facility is available on the main page of the GST site i.e. www.gst.gov.in under the option search taxpayer. You can input any of the fields above and search for the taxpayer details. However, the PAN is a must for the search. Without PAN you cannot search any taxpayer. GST number search by the name of the taxpayer is not possible. The above facility helps to identify whether a particular GST no. is correct or fake. In case fake GST no. has been reported in any bill, you must check the same and report the concern to the respective dealer. Please note that presently there is no facility available for GST search by company name or firm name i.e. if a trade name is entered GST no cannot be searched. 2. PAN-based Search Another option is to search for a GST Number based on the PAN of the taxpayer. This method allows you to retrieve GSTINs associated with a particular PAN. It can be helpful when you have the PAN but not the GST Number. The process of GST No search by name involves utilizing dedicated online portals or platforms designed for GST details search. These search tools allow users to find GST numbers by entering relevant information such as the name of the taxpayer or the company. Additionally, users can search for GST numbers by PAN, providing a more targeted approach to identifying GST registrations associated with specific PAN cardholders. This search-by-name feature simplifies the process of retrieving GST numbers and related details, ensuring seamless verification of GST registrations. 3. Composition Taxpayer Search If you are specifically looking for information about a composition taxpayer , you can utilize the Composition Taxpayer search option. This search helps you identify taxpayers who have opted for the composition scheme. The GST No. can be searched at the GST site through any of the following options: (1) Through GSTIN i.e., GST search by GST No. (2) Through PAN i.e., GST search by PAN (3) Search Composition Taxpayer In conclusion, the GST Number search facility provided by the GST Department allows you to verify the authenticity of a GST Number and access important taxpayer information. By understanding the components of a GST Number and utilizing the available search options, you can ensure the accuracy of GSTINs and report any suspicious activity. Remember, the GST Number search is invaluable in maintaining transparency and compliance within the GST framework GST നികുതിദായകനെ തിരയുന്നതിനുള്ള ഘട്ടം ഘട്ടമായുള്ള പ്രക്രിയ താഴെ പറയുന്നതാണ്: (എ) ജിഎസ്ടി നമ്പർ വഴി അതായത് നികുതിദായകന്റെ ജിഎസ്ടി നമ്പർ നിങ്ങൾക്കുണ്ടെങ്കിൽ 1. www.gst.gov.in സന്ദർശിക്കുക 2. GSTIN/UIN പ്രകാരം തിരയുക ക്ലിക്ക് ചെയ്യുക 3. നികുതിദായകന്റെ GSTIN നൽകുക, നിങ്ങൾ എല്ലാ വിശദാംശങ്ങളും കണ്ടെത്തും (ബി) നികുതിദായകന്റെ പാൻ മുഖേന 1. www.gst.gov.in സന്ദർശിക്കുക Search with PAN 2. നികുതിദായകനെ തിരയുക എന്നതിലേക്ക് പോകുക - പാൻ പ്രകാരം തിരയുക 3. പാൻ നൽകുക, നികുതിദായകന്റെ എല്ലാ വിശദാംശങ്ങളും ലഭ്യമാകും Verifying the Authenticity of a GST Number The GST Number search facility provided by the GST Department plays a crucial role in verifying the authenticity of a GST Number. It enables you to identify whether a particular GSTIN is genuine or fake. If you come across a suspicious or fake GST Number on a bill or document, it is essential to verify it and report the concern to the respective dealer or authority. Here are some strategies that are essential for businesses to verify the authenticity of GSTINs and maintain compliance with GST regulations, preventing errors and potential fraud. Toolsets for Managing GST Numbers Finding GST numbers by name or PAN is crucial for obtaining accurate and verified GST details for taxpayers or businesses. Using these search methods enables individuals to access comprehensive information about GST registrations, ensuring compliance and authenticity in business dealings. Moreover, performing a GST number search with name or PAN helps in cross-verifying and validating the GST details provided by entities, enhancing transparency and trust in business transactions. These search functionalities contribute to a streamlined process for individuals or entities to verify GST numbers and gather detailed information about registered taxpayers or businesses. Online tools and software simplify GST registration and compliance, making it easier for businesses to navigate the system. These are listed below: Strategies/Hacks/Use Cases for Efficient GSTIN Management This concise table provides a summarized overview of various aspects of efficient GSTIN management, including strategies, hacks, and use cases Leveraging the latest data for GSTIN management is crucial for businesses to maintain compliance and operational efficiency. Real-time verification, API integration with the GSTN, and collaboration with GST Suvidha Providers (GSPs) provide access to the current information. ജിഎസ്ടി റിട്ടേണുകൾ ഫയൽ ചെയ്യുന്നത് ലളിതമാക്കി വിദഗ്ധരുടെ സഹായത്തോടെയുള്ള ജിഎസ്ടി രജിസ്ട്രേഷനും റിട്ടേൺ ഫയലിംഗും താങ്ങാനാവുന്ന ചെലവിൽ നേടൂ ഇപ്പോൾ തുടങ്ങുക

  • FORM 27EQ | Total Value of Purchase in TCS Return 27EQ | Karr Tax

    Unlock everything about Form 27EQ and Tax Collected at Source (TCS) with our comprehensive guide. Stay on top of your tax responsibilities effortlessly! FORM 27EQ: Price List ടിസിഎസ് റിട്ടേൺ ഫോം 27EQ നിങ്ങളുടെ തിരഞ്ഞെടുപ്പ് എടുക്കുക സ്റ്റാൻഡേർഡ് ടിസിഎസിനായി ഫോം 27EQ Rs. 1499 ഇപ്പോൾ ആരംഭിക്കുക ഫോം 27EQ FORM 27EQ: FAQ Understanding Tax Collected at Source (TCS) might feel a bit tricky initially, but don't worry—we're here to simplify it for you. In simple terms, TCS is like a tax collected by the seller from the buyer, and this amount is then handed over to the government. It's like the seller acting as a tax collector on behalf of the government. Now, let's explore the fundamental aspects of TCS and Form 27EQ together. Understanding Form 27EQ Form 27EQ is the document where all the nitty-gritty details about the Tax Collected at Source by the seller are recorded. This form holds vital details about the tax collected and forwarded to the central government. Sellers need to submit it every quarter, and it's crucial to stick to those submission deadlines. What is Tax Collected at Source? Simply put, TCS is the direct tax or income tax collected by the seller while selling a product at a specified price. It's a way for the government to ensure that taxes are paid promptly at the source, i.e., during the sale itself. The difference between TDS and TCS Form 27EQ isn't just for one group of people; it applies to both corporate and government collectors and deductors. These are the entities responsible for collecting and depositing TCS. Who Needs to File Form 27EQ for TCS Returns? Here are the types of organizations and individuals that must file Form 27EQ for TDS returns: Corporate collectors and deductors including Firms and LLPs Government collectors and deductors Individuals and HUF having turnover above 1 Cr. Specified Goods Subject to TCS TCS isn't applicable to all goods. It's collected on specific items, including: Alcoholic Liquor for human consumption Tendu leaves Timber obtained under a forest lease Timber obtained by any other means Other forest produce (excluding timber and tendu leaves) Scrap Minerals like coal, lignite, or iron ore Sale of goods when the consideration exceeds INR 50,00,000 during a Financial yea r Sale of Cars (New and Old) when the sale value is above INR 10,00,000 Details Needed for Form 27EQ Filling out Form 27EQ is relatively straightforward if you have the necessary information on hand: Collector/Seller: TAN (Tax Deduction and Collection Account Number), PAN (Permanent Account Number), Name, Address, and Contact Details. Responsible Person: Name, PAN, Address, and Contact Details. Challan: Challan serial number, BSR Code (Bank and Branch), TDS, Surcharge, and Education Cess. Deduction: Buyer's Name, PAN, Total purchase value, TCS amount collected and deposited. Sections of Form 27EQ The form is divided into sections for easy organization: Section 1: Contains details like TAN, PAN, financial year, and assessment year. Section 2: Collectors provide their information here. Section 3: Information about the person in charge of tax collection. Section 4: Tax collection and deposit details, including codes, amounts, and dates. Section 5: Taxpayer details and signatures. Due Dates for Form 27EQ Meeting deadlines is crucial when it comes to Form 27EQ. Below are the deadlines for each quarter: Q1 (April - June): On or before 15th July Q2 (July - September): On or before 15th October Q3 (October - December): On or before 15th January Q4 (January - March): On or before 15th May Check the Due Date Calendar for Income Tax and GST in India . How to Download Form 27EQ Downloading Form 27EQ is a breeze. Just follow these steps: Visit the NSDL official website . Navigate to the 'Downloads' tab on the Menu and choose 'E-TDS/E-TCS.' Select 'Quarterly Returns' and click 'Regular.' Find Form 27EQ, click to open it, and download or print as needed. Important Update: Kindly be aware that the deadline for filing TDS Returns in Form 26Q , 27Q & 27EQ for the first quarter of the financial year 2023-24 has been postponed to September 30, 2023, in accordance with the Income Tax Circular issued by the Central Board of Direct Taxes (CBDT). Penalties for Late Submission Filing Form 27EQ on time is crucial to avoid penalties. Late submission can result in: A late fee of Rs. 200 per day until filing, with the cumulative late fee not exceeding the TCS amount. Non-filing penalties range from Rs. 10,000 to Rs. 1,00,000, depending on the severity of the delay. To sum it up, Form 27EQ plays a crucial role in making sure taxes are collected and paid seamlessly. When sellers grasp the process and meet the deadlines, they not only sidestep penalties but also play a part in maintaining an efficient tax system . Form 27EQ is essential for TCS (Tax Collected at Source) compliance in India, primarily for the sale of goods. It is used to report and file TCS returns. The collection code for TCS on the sale of goods is specified within this form. Understanding the correct collection code is crucial when making payments and filing the 27EQ return. This form serves the purpose of recording TCS on goods and ensuring tax compliance. Be aware of the 27EQ TDS return due date to meet your obligations and avoid penalties. Form 27EQ plays a significant role in the TCS process, providing information on the total value of purchases subject to TCS. PDF- ൽ ഫോം 27EQ ഡൗൺലോഡുചെയ്യുക

  • FORM 26Q | Income Tax 26Q Form Download | Karr Tax

    Discover India's TDS provisions & Form 26Q. Learn due dates, interest on TDS, and ensure tax compliance for seamless reporting. FORM 26Q: Price List ടിഡിഎസ് റിട്ടേൺ ഫോം 26 ക്യു നിങ്ങളുടെ തിരഞ്ഞെടുപ്പ് എടുക്കുക സ്റ്റാൻഡേർഡ് ശമ്പളം ഒഴികെയുള്ള കിഴിവുകളിൽ ടിഡിഎസിനായി ഫോം 26 ക്യു Rs. 1499 ഇപ്പോൾ ആരംഭിക്കുക FORM 26Q: FAQ ഫോം 26 ക്യു ഒരു കിഴിവ് ഒരു കിഴിവ് ചെയ്യുന്നയാൾക്ക് നൽകുന്ന നിരവധി പേയ്മെന്റുകളുടെ കാര്യത്തിൽ ടിഡിഎസ് കുറയ്ക്കണം. ആദായനികുതി നിയമത്തിലെ 193, 194 വകുപ്പുകൾ ഈ പേയ്മെന്റുകളുമായി ബന്ധപ്പെട്ട് ടിഡിഎസ് കിഴിവ് വ്യവസ്ഥകൾ നിർദ്ദേശിക്കുന്നു. ഈ പേയ്മെന്റുകളിൽ ഇവ ഉൾപ്പെടുന്നു: (എ) പലിശ (ബി) വാടക (സി) കമ്മീഷൻ (ഡി) കരാർ പേയ്മെന്റുകൾ തുടങ്ങിയവ. കുറച്ച ടിഡിഎസ് സർക്കാരിൽ അടയ്ക്കണം. പ്രതിമാസ അടിസ്ഥാനത്തിൽ ടിഡിഎസ് ചലാൻ മുഖേനയുള്ള അക്കൗണ്ട്. ചലാൻ വഴി ടിഡിഎസ് പേയ്മെന്റ് നടത്തിയ ശേഷം, കിഴിവ് ടിഡിഎസ് ഫോം 26 ക്യുയിൽ റിട്ടേൺ ഫയൽ ചെയ്യണം. പലിശ, വാടക, കമ്മീഷൻ, കരാർ മുതലായവയിൽ കിഴിവുള്ളവർക്ക് ഒരു റസിഡന്റ് കിഴിവ് നൽകുന്ന എല്ലാ പേയ്മെന്റുകളുടെയും ടിഡിഎസിന്റെ ത്രൈമാസ വരുമാനമാണിത്. ഈ ഫോം ഓരോ പാദത്തിലും പാദാവസാനം മുതൽ ഒരു മാസത്തിനുള്ളിൽ സമർപ്പിക്കേണ്ടതാണ്. എന്നിരുന്നാലും, മാർച്ച് അവസാനിക്കുന്ന പാദത്തിൽ, ഈ ഫോം മെയ് 31 വരെ സമർപ്പിക്കാം. ഫോം ഫയൽ ചെയ്ത ശേഷം, ടിഡിഎസ് സിപിസി പോർട്ടൽ ഇത് പ്രോസസ്സ് ചെയ്യുന്നു. ഫോം 16 എ, അതായത് ടിഡിഎസ് സർട്ടിഫിക്കറ്റുകൾ 26 ക്യൂ ഓൺലൈനായി ഫയൽ ചെയ്യേണ്ട തീയതി മുതൽ 15 ദിവസത്തിനുള്ളിൽ ജനറേറ്റ് ചെയ്യണം, അത് ടിഡിഎസ് സിപിസി പോർട്ടലിൽ ലഭ്യമാണ്. 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 PDF- ൽ 26Q ഫോം ഫോം 26 ക് ഡ download ൺലോഡ് 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.

  • ITR-1 filing at Online India Tax filings at attractive prices

    It offers complete details about ITR-1, filing steps, provisions and other related details. ITR 1 Form Filing Online ITR 1 ഫോം [സഹാജ്] ഫയലിംഗ്സ് A.YR.2021-22 നിങ്ങളുടെ തിരഞ്ഞെടുപ്പ് എടുക്കുക ഫോം 16 മാത്രമാണുള്ളത്, മറ്റ് വരുമാനമില്ലേ? ഫോം 16 ഇപ്പോൾ അപ്ലോഡുചെയ്യുക! ₹499 Only Form 16 Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started വരുമാനത്തെ അടിസ്ഥാനമാക്കിയുള്ള മറ്റ് ITR-1 പദ്ധതികൾ ITR - 1 Pricings ₹499 ITR - 1 Basic Income less than 5 Lacs ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started ₹599 ITR - 1 Standard Income between 5 to 10 Lacs ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started ₹999 ITR - 1 Premium Income more than 10 Lacs ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started ITR 1 എന്താണ്? ആദായനികുതി റിട്ടേൺ അതായത് മൊത്തം വരുമാനം 250000 രൂപയിൽ കൂടുതലുള്ള ഏതൊരു വ്യക്തിയും ഐടിആർ ഫയൽ ചെയ്യണം ഏതെങ്കിലും സാമ്പത്തിക വർഷത്തിൽ. ഐടിആർ 1 എഫൈലിംഗിനായി, മൊത്ത മൊത്ത വരുമാനം പരിഗണിക്കേണ്ടതുണ്ട്, മൊത്തം വരുമാനമല്ല. ആദായനികുതി നിയമത്തിന്റെ ആറാം അധ്യായത്തിന് കീഴിലുള്ള ചില കിഴിവുകൾ ഉണ്ട്, അതായത് കിഴിവ് യു / എസ് 80 സി, 80 ഡി, 80 ഇ, 80 ജി മുതലായവ. മൊത്തം വരുമാനത്തിൽ നിന്ന് മൊത്തം വരുമാനത്തിൽ നിന്നോ മൊത്തം വരുമാനത്തിലേക്കോ വരുന്ന കിഴിവുകൾ. മൊത്തം വരുമാനം വർഷത്തിൽ 2.5 ലക്ഷത്തിൽ കുറവാണെങ്കിൽപ്പോലും, ആദായനികുതിയുടെ ആറാം അധ്യായത്തിലെ കിഴിവുകൾക്ക് ശേഷമാണെങ്കിൽ ഐടിആർ ഫയലിംഗ് നിർബന്ധമാണ്. ഉദാഹരണത്തിന്, ഒരു വ്യക്തിയുടെ മൊത്ത വരുമാനം 3,50,000 രൂപയും വിഐഎ ചാപ്റ്റർ പ്രകാരം അർഹമായ കിഴിവുകൾ Rs. 100000, വ്യക്തിയുടെ മൊത്തം വരുമാനം 250000 രൂപ മാത്രം. മൊത്തം വരുമാനം 250000 രൂപയിൽ കൂടുതലായതിനാൽ അദ്ദേഹം ഇപ്പോഴും ആദായനികുതി റിട്ടേൺ സമർപ്പിക്കേണ്ടതുണ്ട്. ITR - 1: FAQ Introduction to ITR-1 -What is ITR-1 ? Under Indian Income Tax laws, there are at present seven (7) ITRs prescribed for E-filing. The Income Tax Return filing is completely online and only E-filing of ITR is accepted now. There is no manual filing of ITR anymore.Click on the given chat button in the bottom right corner to fill out ITR 1 (Income Tax Return form) without any hassle. Efile ITR1 Income Tax Return For AY 2025-26 The Seven ITR prescribed for E-filing are based on Income Source and total income. The basic ITR is ITR-1 which is also known as Sahaj due to its simplicity. It is only 3 page ITR which is applicable for Resident Individuals (not being not-ordinarily residents) having total income upto Rs.50 lakhs only. The Income Source should be Salaries, one house property and other sources and also agriculture income upto Rs.5000 only. It is also not for any Individual who is a director in a company or is a shareholder of unlisted companies or where TDS has been deducted u/s 194N or if income tax is deferred under ESOP. ആർക്ക് ഐടിആർ 1 ഫയൽ ചെയ്യാൻ കഴിയും - യോഗ്യത ഒരു സാമ്പത്തിക വർഷത്തിൽ ഇനിപ്പറയുന്ന സ്രോതസ്സുകളിൽ നിന്ന് 50 ലക്ഷത്തിൽ താഴെ വരുമാനമുള്ള വ്യക്തികൾ ഫോം ITR-1 (SAHAJ) ഫയൽ ചെയ്യണം: ശമ്പളം / പെൻഷൻ ഒരു വീടിന്റെ സ്വത്ത് (ഏത് വീട്ടിലെ കേസുകൾ ഉൾപ്പെടുന്നില്ല സ്വത്ത് നഷ്ടം മുന്നോട്ട് കൊണ്ടുവന്നു മുൻ വർഷങ്ങൾ): മറ്റ് ഉറവിടങ്ങൾ (പക്ഷേ വിജയിക്കുന്നതിലൂടെ ലഭിക്കുന്ന വരുമാനം ഉൾപ്പെടുന്നില്ല ലോട്ടറി അല്ലെങ്കിൽ റേസ് കുതിരകൾ) ഒരു ലക്ഷം രൂപ വരെയുള്ള കാർഷിക വരുമാനം. 5000 / - മാത്രം ആർക്ക് ഐടിആർ 1 ഫയൽ ചെയ്യാൻ കഴിയില്ല - യോഗ്യതയില്ല ഫോം ITR-1 ഇനിപ്പറയുന്ന കേസുകളിൽ ഫയൽ ചെയ്യാൻ കഴിയില്ല: വരുമാനം Rs. 50 ലക്ഷം കാർഷിക വരുമാനം Rs. 5,000 മൂലധന നേട്ടമുണ്ടെങ്കിൽ ബിസിനസ്സിൽ നിന്നോ തൊഴിലിൽ നിന്നോ വരുമാനമുണ്ടെങ്കിൽ ഒന്നിൽ കൂടുതൽ വീടിന്റെ സ്വത്തിൽ നിന്ന് വരുമാനമുണ്ടെങ്കിൽ ഒരു വ്യക്തി ഒരു കമ്പനിയുടെ ഡയറക്ടറാണെങ്കിൽ ലിസ്റ്റുചെയ്യാത്ത ഇക്വിറ്റി ഷെയറുകളിൽ എന്തെങ്കിലും നിക്ഷേപമുണ്ടെങ്കിൽ ഒരു വ്യക്തിക്ക് സ്വത്തുണ്ടെങ്കിലോ ഇന്ത്യക്ക് പുറത്ത് സാമ്പത്തിക താൽപ്പര്യമുണ്ടെങ്കിലോ അല്ലെങ്കിൽ ഇന്ത്യക്ക് പുറത്ത് സ്ഥിതിചെയ്യുന്ന ഒരു അക്കൗണ്ടിന്റെ ഒപ്പിടൽ അധികാരമാണെങ്കിലോ ഒരു വ്യക്തി ഒരു എൻആർഐ ആണെങ്കിൽ അല്ലെങ്കിൽ സാധാരണ താമസക്കാരനല്ലെങ്കിൽ ITR-1 ഫയലിംഗിന് ആവശ്യമായ രേഖകൾ ശമ്പള സ്ലിപ്പുകൾ / ശമ്പള സർട്ടിഫിക്കറ്റ് / ഫോം -16 എഫ്ഡിആർ പലിശ / പോസ്റ്റ് ഓഫീസ് പലിശ പോലുള്ള മറ്റ് സ്രോതസ്സുകളിൽ നിന്നുള്ള വരുമാനത്തിന്റെ തെളിവ് ഫോം 16 എ - മറ്റ് സ്രോതസ്സുകളിൽ നിന്നുള്ള വരുമാനത്തിൽ എന്തെങ്കിലും ടിഡിഎസ് കുറച്ചാൽ നികുതി ലാഭിക്കൽ നിക്ഷേപ തെളിവുകളായ എൽഐസി, പിപിഎഫ്, പിഎഫ്, ഇഎൽഎസ്എസ്, ട്യൂഷൻ ഫീസ് തുടങ്ങിയവ. സെക്ഷൻ 80 ഡി മുതൽ 80 യു വരെയുള്ള കിഴിവുകൾ ഉണ്ടെങ്കിൽ ബാങ്കിൽ നിന്നോ മറ്റേതെങ്കിലും സ്ഥാപനങ്ങളിൽ നിന്നോ ഉള്ള ഭവന വായ്പ സ്റ്റേറ്റ്മെന്റ് ആധാർ നമ്പർ പാൻ നമ്പർ ITR-1 ഓൺലൈനായി ഫയൽ ചെയ്യുന്ന രീതികൾ ഐടിആർ -1 ഓൺലൈൻ ഫോം നേരിട്ട് പൂരിപ്പിച്ച് പോർട്ടലിൽ അപ്ലോഡ് ചെയ്തുകൊണ്ട് ഐടിആർ - 1 ആദായനികുതി വകുപ്പ് ഓൺലൈൻ പോർട്ടലിൽ ഓൺലൈനായി ഫയൽ ചെയ്യാം. പോർട്ടലിൽ xml ഫയൽ അപ്ലോഡ് ചെയ്തുകൊണ്ട് ഇത് ഫയൽ ചെയ്യാനും കഴിയും. എക്സ്എംഎൽ ഫയൽ അപ്ലോഡ് ചെയ്തതിന് ശേഷം ഇ-വെരിഫിക്കേഷൻ ആവശ്യമാണ്. വെരിഫിക്കേഷൻ മോഡ് ഇലക്ട്രോണിക് വഴിയോ അല്ലെങ്കിൽ തപാൽ വഴി സി.പി.സി, ബംഗ്ലൂരുവിലേക്ക് അയച്ചുകൊണ്ടോ ആകാം. ഓൺലൈനിൽ ഫയൽ ചെയ്ത ഐടിആർ -1 പരിശോധിച്ചുറപ്പിക്കുന്നതിന് രണ്ട് രീതികളുണ്ട്. ആദ്യത്തേത് ആധാർ ഒടിപിക്ക് ബാങ്ക് അക്ക & ണ്ട്, ഡിമാന്റ് അക്ക E ണ്ട് ഇ-ഒടിപി വഴി ഇ-വെരിഫിക്കേഷൻ വഴിയാണ്. ഐടിആർ 1 ഇ-വെരിഫൈ ചെയ്യുന്നതെങ്ങനെ ഇവിടെ ക്ലിക്കുചെയ്യുക ഐടിആർ -1 ഓൺലൈനിൽ ഫയൽ ചെയ്തതിനുശേഷം സൃഷ്ടിച്ച അംഗീകാരത്തെ ശാരീരികമായി ഒപ്പിടുകയും ഫയൽ ചെയ്ത 120 ദിവസത്തിനുള്ളിൽ സിപിസി-ബംഗ്ലൂരുവിലേക്ക് പോസ്റ്റ് വഴി അയയ്ക്കുകയും ചെയ്യുക എന്നതാണ് മറ്റൊരു രീതി. 80 വയസ്സിനു മുകളിലുള്ള മുതിർന്ന പൗരന്മാരെ ഓൺലൈൻ ഐടിആർ -1 ഫയൽ ചെയ്യുന്നതിൽ നിന്ന് ഒഴിവാക്കിയിരിക്കുന്നു, അതായത് അതത് ആദായനികുതി വകുപ്പുകളിൽ പേപ്പർ മോഡ് വഴി ഫയൽ ചെയ്യാൻ കഴിയും. മറ്റുള്ളവർക്ക്, ഓൺലൈൻ ഫയലിംഗ് നിർബന്ധമാണ്. ITR-1 ഫോം ഡൗൺലോഡ് Old Tax Regime vs. New Tax Regime Old Vs. New (For Asst. Yr. 2025-26) The E-filing for the Asstt. Yr.2025-26 is starting soon. Let us understand the Old tax regime and new tax regime and what is the procedure to adopt the same. Old Tax Regime : For the Asstt. Yr.2025-26, the default tax regime is New Tax regime. i.e. you will have to adopt and choose Old tax regime if you want to be taxed as per that regime. Under the Old tax regime, all the deductions such as standard deductions, deductions from house property, and deductions under chapter VIA of the Incom e Tax Act such as 80C, 80D, 80E, 80G, etc. will be available. However no such deductions will be there under New Tax regme except for few. The Tax slab under the Old tax regime will be as under : Income Range Tax Rate Upto Rs. 2.5 lacs Nil Rs. 2.5 lacs to 5 lacs 5% Rs. 5 Lacs to 10 Lacs 20% Above 10 Lacs 30% Plus there will be surcharges etc. as per the Act. New Tax Regime From Asstt. Yr. 2025-26, there is a complete change in Tax Regimes. All taxpayers will be under New Tax Regime by default. i.e. they will have to choose old regime if they want to opt that. Otherwise by default, they will be under new tax regime and will file the ITR under that regime only. Under the New tax regime, the tax slabs and rate of tax are different. However, there are no deductions available such as HRA, deductions from House property such as interest on loans, deductions under chapter VIA etc. i.e. tax will have to be paid on total income without deductions. From Asstt. Yr. 2025-26, the Tax slab under the New tax regime is as under : Above Rs. 15 lacs 30% Rs. 12 lacs to Rs. 15 lacs 20% Rs. 10 lacs to Rs. 12 lacs 15% Rs. 7 lacs to Rs. 10 lacs 10% Rs. 3 lacs to Rs. 7 lacs 5% Upto Rs.3 lacs Nil Plus there will be surcharges etc. as per the Act. Which is Better: Old or New Tax Regime? The decision to choose the old tax regime or the new tax regime depends on whether you have investments under Chapter VIA and other deductions such as house property interest etc. The same is also based on the fact as how much is your total income. The calculations have to be done under both regimes and then it can be decided as to which scheme is better. You can connect to our tax experts to help make this decision. Which Regime is suitable for you? For Salaried & other Income taxpayers, the option to choose old tax regime is available at the time of filing of ITR and in the ITR form only the option can be exercised. The option can be changed year to year i.e. it can be switched from old to new and vice versa every year depending on the benefits. However, in the case of taxpayers having a business income, the option has to be exercised before filing ITR through the separate filing of Form 10IE. The option once exercised can be changed once only. Also the option has to be exercised before the due date of filing of ITR otherwise the same will not be valid. What is Form 10IE ? Is it mandatory to file form 10IE for salaried employees? No. Form 10IE for Salaried Employees is not required to be filed. There is an option in ITR-1 to select old tax regime 2. Is Form 10IE to be filed every year? No. Form 10IE is to be filed for taxpayers having business income only and that too once when they choose to opt old tax regime from A.Yr. 2025-26 and then the option can be continued unless the same has to be withdrawn once only. One important thing to note here is that the filing of Form 10IE should be done before the due date of filing of Income tax return i.e. 31st July in case of non-audited cases and 31st Oct. in case of audited cases. If the option is exercised after the original due date of filing of ITR, the same will not be granted and the tax will be levied under the new tax regime only. Income Tax Return Form 1 Here we will discuss the details required to be filled in ITR-1 form. PART-A - GENERAL INFORMATION Part A of the ITR-1 contains some general information such as Name, PAN, Date of birth, Mobile No. , Email ID, Aadhar No., type of filing, nature of Employment, whether the filing id original or revised, whether the filing is u/s 139 i.e. on time or belated etc. Also it asks whether you are opting for New Tax Regime u/s 115BAC. ITR 1 Nature of Employment is the most important here. PART B - GROSS TOTAL INCOME Part B consists of Income details in respect of Salaries, one house property and income from other sources. Only basic informations are required to be entered and no detailed information is needed.It does not ask for Employer details, details of House Property addresses etc. Simply the Income details are to be added. PART C - DEDUCTIONS AND TAXABLE TOTAL INCOME Part C consists of all the deductions claimed from the Gross Total Income. Here also the amount of deductions such as 80C, 80D, 80G etc. has to be filled and no further details are asked. Here Exempt Income (if any) has to be filled also. PART D -COMPUTATION OF TAX PAYABLE Here, the total tax payable and the Rebates and relief under 87A and 89 are to be filled. It also contains columns for Interest u/s 234A , B & C and also late fee payable u/s 234E. The total taxes paid coloumn is pre-filled and the net tax payable/refund is auto calculated. PART - E OTHER INFORMATION Under PART E, the details of all the bank accounts maintained by the taxpayer has to be provided (excluding the dormant accounts). Out of the all bank accounts, one bank account has to be nominated for Refund (if any). SCHEDULE IT - DETAILS OF ADVANCE AND SELF ASSESSMENT TAX In this Schedule the details of Tax challan paid by way of Advance Tax and Self Assessment Tax has to be filled up. SCHEDULE TDS - DETAILS OF TDS/TCS AS PER FORM 26AS Here, the complete details of TDS/TCS as per Form 26AS /27D has to be filled up. VERIFICATION The last part is verification which has to be done either through digital signature or other modes such as Aadhaar OTP etc. If no such modes are available, then the filed ITR has to be physically signed and send to CPC-Bangluru within 30 days of e-filing. ശമ്പളത്തെക്കുറിച്ച് കൂടുതലറിയുക ശമ്പള വരുമാനത്തെക്കുറിച്ച് ശമ്പളവുമായി ബന്ധപ്പെട്ട ആദായനികുതിയുടെ പ്രസക്തമായ എല്ലാ വ്യവസ്ഥകളും നഗ്നമായ നിയമവും അതേക്കുറിച്ചുള്ള വിശദമായ വിവരണവും ഉൾപ്പെടെ കൂടുതൽ അറിയുക എച്ച്ആർഎ ശമ്പളമുള്ള ജീവനക്കാർക്ക് വാടക നൽകിക്കൊണ്ട് ഇളവ് അവകാശപ്പെടാവുന്ന ഒരു പ്രധാന അലവൻസാണ് വീട്ടു വാടക അലവൻസ്. ഇതിനെക്കുറിച്ച് എല്ലാം ഇവിടെ - കൂടുതൽ അറിയുക സ്റ്റാൻഡേർഡ് കിഴിവുകൾ 1961 ലെ ആദായനികുതി നിയമത്തിലെ സെക്ഷൻ 16 അനുസരിച്ച്, ശമ്പള വരുമാനത്തിൽ നിന്ന് അനുവദനീയമായ മൂന്ന് തരം കിഴിവുകൾ സ്റ്റാൻഡേർഡ് കിഴിവുകളുടെ തലയിൽ വരുന്നു. കൂടുതൽ അറിയുക അവധി ശമ്പളത്തിന്റെ നികുതി വിരമിക്കൽ സമയത്ത് ലീവ് എൻകാഷ്മെൻറിന് നികുതി ചുമത്താം - കൂടുതൽ അറിയാൻ താൽപ്പര്യമുണ്ടോ? - ഇത് വായിക്കുക കൂടുതൽ അറിയുക ഫോം 16 ഓരോ തൊഴിലുടമയും സാമ്പത്തിക വർഷത്തിന്റെ അവസാനത്തിൽ ശമ്പളത്തിന്റെ ടിഡിഎസ് റിട്ടേൺ ഫയൽ ചെയ്യണം, കൂടാതെ ഉറവിടത്തിൽ ടിഡിഎസ് കുറച്ച എല്ലാ ജീവനക്കാർക്കും ഫോം 16 നൽകണം. കൂടുതൽ അറിയുക ശമ്പള കുടിശ്ശിക ആശ്വാസം ശമ്പളമുള്ള ജീവനക്കാർക്ക് വിവിധ വർഷങ്ങളുമായി ബന്ധപ്പെട്ട കുടിശ്ശിക ലഭിക്കുന്നത് സാധാരണമാണ്. കുടിശ്ശിക ഒരു പ്രത്യേക വർഷത്തിൽ അധിക നികുതി ചുമത്തുന്നു. ആദായനികുതിയുടെ കുടിശ്ശിക u/s 89 എങ്ങനെ പ്രയോജനപ്പെടുത്താം - അറിയാം കൂടുതൽ അറിയുക ഗ്രാറ്റുവിറ്റിയുടെ നികുതി ഗ്രാറ്റുവിറ്റി എന്നത് ഒരു ജീവനക്കാരന് ഒരു സംഘടനയിൽ 5 വർഷത്തെ സേവനം പൂർത്തിയാക്കുമ്പോൾ നൽകേണ്ട ഒരു തുകയാണ് ... കൂടുതൽ അറിയുക ITR - 1 ഇപ്പോൾ ഫയൽ ചെയ്യുക! നിങ്ങൾ ശമ്പളക്കാരനാണോ? നികുതി വിദഗ്ധരുടെ സഹായത്തോടെ ശമ്പളത്തിനായി നിങ്ങളുടെ ITR - 1 ഫയൽ ചെയ്യുക! ഇപ്പോൾ ഫയൽ ചെയ്യുക Steps to File Nil ITR without Form 16 Filing a Nil Income Tax Return (ITR) without Form 16 is a simple process. Here are the steps: Visit the Income Tax e-Filing Portal: Go to the official Income Tax Department's e-filing portal (https://www.incometax.gov.in/) . Login or Register: If you're a registered user, log in with your credentials. If not, you'll need to register and create an account. Choose the Appropriate ITR Form: Select the relevant salaried employee ITR form for your income source. In most cases, individuals with only salary income can use ITR1 (Sahaj). Fill in Personal Information: Enter your personal details such as name, PAN (Permanent Account Number), date of birth, and contact information. Declare Nil Income : In the income details section, declare your income as zero or nil for the assessment year you're filing for. Ensure that you accurately report all income sources, including any exempt income if applicable. Claim Deductions (if any): If you have eligible deductions under Section 80C, 80D, or other sections, you can claim them even if your income is nil. Verify the Information: Carefully review all the information you've entered to ensure its accuracy. Submit Your ITR: After confirming that you have no tax liability, submit your Nil ITR. Choose Verification Method: Select your preferred method of verification. You can use Aadhaar OTP, net banking, or send a physical copy of the ITR-V to the Centralized Processing Center (CPC) in Bangalore for manual verification. Acknowledgment Receipt: After successful submission, you'll receive an acknowledgment receipt (ITR-V). If you opted for physical verification, print and sign this receipt. Complete Verification (if applicable): If you choose physical verification, sign the printed ITR-V and send it to the CPC within 120 days of e-filing. The address is mentioned on the ITR-V. Confirmation: Once your ITR is successfully verified, you will receive an acknowledgment from the Income Tax Department. Your Nil ITR is now filed. Filing a Nil ITR is essential even if you have no taxable income, as it helps maintain compliance with tax regulations and can be useful for various financial transactions and proof of income in the future. Frequently asked questions Which ITR is best for me? Determining the best ITR (Income Tax Return) form for you depends on your specific financial situation. Here are some general guidelines: ITR 1 (Sahaj): If you have income from salary, one house property, and other sources like interest income or agricultural income (up to Rs. 5,000), ITR1 is suitable for you. ITR 2: If you have income from multiple sources, own multiple properties, or have capital gains, ITR 2 may be more appropriate. It's a comprehensive form for individuals and HUFs with more complex financial situations. ITR 3: If you are a business owner, partner in a firm, or have income from a profession, ITR 3 is designed for you. It covers income from business or profession and other sources. ITR 4 (Sugam): Small business owners, professionals, or freelancers with presumptive income can use ITR 4 . It simplifies the taxation process for those eligible. ITR 5: Partnerships and LLPs (Limited Liability Partnerships) should use ITR 5 to report their income and financial details. ITR 6: Companies that are not claiming exemptions under Section 11 should file ITR 6 . ITR 7: This form is for entities such as trusts, political parties, and educational institutions that need to file income tax returns. Is Karr Tax safe? Yes! Definetely! We are! 1. Your Data is yours! So, it is never given to anyone else than our safe team 2. The payment method is fully secured and managed by India's No. 1 payment gateway: Razorpay! 3. Our website is 100% SSL secured. No Hackers, No worries! Who will file my IT return? Your ITR is filed by Tax Experts who have more than 20 years of experience! What is Form 16? Every Salaried Employee whose total income after all eligible deductions under income tax act exceeds the maximum amount not chargeable to tax is required to get their tax deducted from their employers as per their eligible tax slabs. Thus the employer has to deduct tax at source from income of every employee whose total income is chargeable to tax and has to deposit the TDS so deducted into the Govt. Account. Every Employer has to file TDS return of salary at the end of the Financial year and has to provide the Form 16 to every employee whose TDS has been deducted at Source. What is ITR 1? ITR 1, or Income Tax Return 1, is a tax return form in India used by individual taxpayers to report their income, including salary, and file their income tax returns with the Income Tax Department. It is commonly known as the Sahaj form and is applicable to salaried individuals with income up to a certain threshold. How to Fill ITR Online? To fill ITR online, follow these steps: Visit the official Income Tax Department website. Register or log in to your account. Select the appropriate ITR form (e.g., ITR 1). Fill in your income details, deductions, and other required information. Verify the data and submit your return. Generate and save the acknowledgment for future reference. Still confused about how to file ITR 1 online? If you have not understood clearly about filing ITR 1 online then you can chat by clicking on the button in the bottom right. How to Understand the Nature of Employment in ITR? Understanding the nature of employment in ITR involves categorizing your source of income correctly. For salaried employees, this typically falls under the "Salary" head. Ensure you accurately report details about your employer, income earned, allowances, and deductions while filling out the ITR form. Is Form 10IE Mandatory for Salaried Employees? No, Form 10IE is not mandatory for all salaried employees but itr 1 for salaried employees is must. Form 10IE is used to choose old tax regime [from A.Yr.2024-25] but the same is mandatory for business income taxpayers only. For salaried, there is an option to switch the new and old tax regimes in ITR-1 itself and there is no need of filing Form 10IE seperately. വീഡിയോ- ITR-1 ഫയലിംഗ് ഗൈഡ്

  • Plans & Pricing | Karr Tax

    Its all about price and plans relating to various services being offered on this site Choose your pricing plan Free Trial ₹ 0 0₹ Upto 10 Clients Valid for 14 days Select Free for 14 days Email Reminders Standard ₹ 49 49₹ Every month Upto 50 Clients. Select Import Clients from CSV File Email Reminders No MagiccTax Watermark on Emails! Premium ₹ 99 99₹ Every month Upto 150 Clients. Select Import Clients from CSV File Email Reminders No MagiccTax Watermark on Emails! Unlimited ₹ 499 499₹ Every month Unlimited Clients Select Import Clients from CSV File Email Reminders No MagiccTax Watermark on Emails! 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  • HSN / SAC Code Search | Karr Tax

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

  • 404 Error Page | Karr Tax

    പേജ് കണ്ടെത്തിയില്ല നിങ്ങൾക്ക് ഹോംപേജിലേക്ക് മടങ്ങി വീണ്ടും ശ്രമിക്കാം. ഹോംപേജിലേക്ക് പോകുക അഥവാ

  • TDS interest and late fees | Karr Tax

    Use the KarrTax TDS interest calculator to determine the interest on late TDS payments quickly. TDS late payment Interest Calculator and Late Filing Fees Select calculator Interest on late deduction Interest on late payment Enter Amount of Tax Deducted : Date of Amount Payment : Enter Date of Tax Deduction : Interest : Please enter amount to auto-calculate Enter Amount of Tax Deducted : Date of Tax Deduction : Enter Date of Tax Payment : Interest : Please enter amount to auto-calculate TDS Interest Calculator KarrTax has curated the TDS interest calculator to help you calculate the interest on late TDS deductions and payments! Here, we will explain in detail how to use this tool. Calculating TDS late filing fees or penalties is essential for taxpayers to understand the financial implications of delayed returns. A TDS late filing fee calculator assists in determining the exact penalties incurred due to late filing of TDS returns , including late filing fees for TDS returns or late fees for TDS return filing. The penalties and late fees for TDS returns, calculated through a TDS penalty calculator, depend on the duration of delay and the specific sections under which the TDS returns are filed. Additionally, interest on late payment of TDS can significantly impact the final dues, emphasizing the importance of using an interest calculator for TDS to accurately assess these financial obligations. What is TDS? TDS stands for "Tax Deducted at Source." It is a taxation mechanism employed by the Government to ensure the direct collection of taxes from an entity's income at the point of payment. Under the TDS system, the payer deducts a specific percentage of tax from the payment being made and subsequently remits this amount to the government on behalf of the payee. Different types of forms are available in India to file TDS, like Form 24Q , Form 26Q , Form 27Q , Form 27EQ and so on. What is TDS Interest Calculator? TDS interest calculator is an online tool that helps individuals calculate the applicable interest on late or delayed TDS payments. In many tax systems, including India's, penalties and interest charges are imposed when the deductor: Fails to deduct TDS or Deduct TDS but fails to deposit it timely. Understanding the interest rates and penalties associated with late payments or delayed filing of TDS returns is crucial. Utilizing an interest calculator on TDS provides a comprehensive view of the interest accrued due to late payments, aiding in precise financial planning and compliance. The TDS delay interest calculator precisely computes the interest due to late TDS payments, considering the applicable interest rates set by the Income Tax Department. Moreover, a TDS interest rate calculator assists in determining the interest accrued on delayed TDS payments, allowing taxpayers to understand the financial impact and take necessary corrective measures to mitigate penalties and interest charges. Let’s understand these aspects in detail! Interest Types & Penalty on TDS Interest on Late TDS Deduction A deductor is required to deduct TDS when making a payment, but if fails to do so, it's considered a violation of tax regulations. This will result in interest charges imposed by the government authorities. The interest is calculated at a rate of 1% per month, and even if it's just a part of a month, they treat it like a whole month for calculating the interest. Suppose TDS of Rs. 25,000 should have been deducted on 5th Feb. 2020 but was not deducted. It was eventually deducted on 1st March 2020. In this case, Interest is payable for the delay, which amounts to Rs. 500, calculated at a rate of 1% per month for two months (Feb and March). Final Output: 25000 * 1% * 2 = 500. Interest on Late TDS Payment When TDS is deducted but not deposited with the government within the stipulated time frame, interest can be levied on the delayed payment. Here, the interest rate for late payment of TDS is 1.5% per month. However, for TCS the interest rate is 1%. Let’s understand this more with an example! TDS of Rs. 10,000 was deducted on 26th Feb. 2020 but not paid on 7th March. It was eventually paid on 15th March. An interest of 1.5% will be imposed for the delay in Feb and March. Final Output: 10,000 * 1.5% * 2 = Rs. 300. ➢ Fee on Late Filing of TDS Returns Late filing of TDS or TCS returns occurs when taxpayers miss the deadline for submitting their respective returns. Typically, the due date for filing these returns is the last day of the month following the end of the respective quarter. But one exception is the last quarter, where the due date is May 31st. In cases of late filing, a penalty is imposed for each day of delay, which amounts to Rs. 200 per day. The penalty continues to accrue until it equals the total amount of TDS or TCS deposited. For instance, Let's calculate the penalty for a scenario where a TDS return should be filed on January 31, 2021 (i.e., the 3rd quarter of return filing) with a TDS amount of Rs. 10,000, but it was actually filed on March 15, 2022. The fee for late TDS filing is applied daily, which is Rs. 200 for 43 days. Fee on late TDS filing = 43 days x Rs. 200 = Rs. 8,600. Below is a table specifying the last date of filing TDS returns for each quarter. Penalty For Wrong Filling or Non-Filing of TDS Return Penalties for wrong or non-filing of TDS returns vary depending on the nature of the error or non-compliance. In accordance with Section 271H of the Income Tax Act of 1961, penalties typically range from a minimum of Rs. 10,000 to a maximum of Rs. 1,00,000. However, the actual penalty amount will be determined according to the gravity and nature of the TDS return non-compliance. Step-by-Step Process To Use KarrTax TDS Interest Calculator The process of using KarrTax TDS Interest Calculator is seamless. Follow the below steps, and you will get all the calculations at your fingertips. Step 1. The first and foremost step is to select the appropriate calculator based on your specific requirements, i.e., TDS Late Payment Interest Calculator or TDS Late Deduction Interest Calculator. Step 2. Enter the TDS amount. Step 3. Then, add the date/month/ quarter for which the late fee or interest will be calculated. Step 4. After this, write the actual deposit or deduction date. Step 5. Lastly, Click on the "Calculate" button. Benefits of Using KarrTax TDS Interest Calculator TDS interest calculations can be complex due to varying interest rates, rules, and delay periods. This TDS interest calculator ensures accurate calculations and reduces the risk of errors. The calculator considers different scenarios, including late deposit and deduction, and covers all TDS late payment interests. KarrTax TDS Interest calculator provides a breakdown of the interest calculation and helps you understand how the final amount is determined. A TDS Interest Calculator helps in financial planning and budgeting, allowing individuals to estimate potential interest charges in advance. This calculator is easy to use and accessible from anywhere with an internet connection. Online calculators ensure users can access the latest interest rates and rules. That's why these are often updated to reflect changes in tax regulations. FAQs (Frequently Asked Questions) What is a TDS Interest Calculator? It is a digital tool that helps entities calculate the interest amount on late TDS payments. It takes different aspects, such as interest rates, delay periods, and specific tax regulations to provide accurate calculations. 2. Can I use a TDS Interest Calculator for past transactions? Yes, it can be used to calculate interest for past transactions where TDS was delayed. Just follow the easy steps and enter the relevant information for the delayed transaction. 3. What is the difference between TDS and TCS interest calculation? TDS (Tax Deducted at Source) refers to the deduction of tax on certain payments, while TCS (Tax Collected at Source) involves the collection of tax by the seller. Note: Apart from TDS, TCS interest calculators serve as crucial tools for businesses to compute interest on late payments related to Tax Collected at Source (TCS). These calculators help in understanding and computing the interest accrued due to delays in TCS payments . Similarly, the 26QB late fee calculator provides a specialized tool to determine penalties for delayed payments made through Form 26QB, highlighting the importance of accurate calculations to avoid excessive fees. The interest and penalty calculators for TDS returns or Form 26QB ensure that individuals and businesses are aware of the additional financial liabilities incurred due to delays, aiding in better financial planning and compliance. 4. Where can I find a TDS Interest Calculator? TDS Interest Calculators are often available online, like KarrTax TDS Interest Calculator. You can use this to perform various TDS calculations simultaneously. 5. Are TDS Interest Calculators user-friendly? Yes, these are typically designed to be user-friendly, requiring minimal input and providing straightforward results. 6. What is the interest rate on a late TDS deposit? The interest rate on late TDS deposits can vary according to certain factors. Typically, the rate for late TDS deposit is around 1.5% or 1% per month. However, checking the current rates and guidelines with the relevant tax authority is advisable, as the interest rates and rules may change over time. File your Income Tax and TDS/TCS returns at affordable prices now!

  • A Comprehensive Guide To The MSME Registration Process | Karr Tax

    Discover the benefits of MSME registration for your business. Learn the process, eligibility criteria, and advantages. അസെർക്ക ഡി MSME രജിസ്ട്രേഷൻ ₹499 Register your MSME Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started MSME അതായത് ഉദ്യം രജിസ്ട്രേഷൻ സർക്കാരിൽ സൗജന്യമാണെന്ന് ദയവായി ശ്രദ്ധിക്കുക. പോർട്ടൽ. മുകളിൽ നൽകിയിരിക്കുന്ന നിരക്കുകൾ ഞങ്ങളുടെ സേവന നിരക്കുകൾ മാത്രമാണ്. Catalysts of Change: MSME Enterprises Igniting Economic Growth MSME or small-scale industries are the backbone of our economy which employ over 110 million people. Now, MSMEs are classified into three categories: Micro, Small and Medium. These businesses often face many obstacles in their growth and expansion journey. So, to support these, our Indian Government introduced a new classification metric on May 13, 2020. Under this classification, all MSMEs will be referred to as ‘Udyam’ and must undergo the ‘Udyam Registration‘ process. എന്താണ് MSME എന്റർപ്രൈസ് ഇനിപ്പറയുന്ന മാനദണ്ഡങ്ങൾ അടിസ്ഥാനമാക്കി MSME എന്റർപ്രൈസ് മൂന്ന് വിഭാഗങ്ങളായി തിരിച്ചിരിക്കുന്നു: 1. മൈക്രോ എന്റർപ്രൈസ് ഇനിപ്പറയുന്നവയാണെങ്കിൽ ഒരു എന്റർപ്രൈസ് മൈക്രോ എന്റർപ്രൈസ് ആയി തരം തിരിച്ചിരിക്കുന്നു: (എ) പ്ലാന്റ് & മെഷിനറി അല്ലെങ്കിൽ ഉപകരണങ്ങൾ എന്നിവയിലെ നിക്ഷേപം രൂപയിൽ കവിയരുത്. 1 കോടി, എന്റർപ്രൈസസിന്റെ വിറ്റുവരവ് രൂപയിൽ കവിയരുത്. 5 കോടി. 2. ചെറുകിട സംരംഭം ഒരു എന്റർപ്രൈസ് ചെറുതായി തരം തിരിച്ചിരിക്കുന്നു എന്റർപ്രൈസ് എങ്കിൽ: (എ) പ്ലാന്റ് & മെഷിനറി അല്ലെങ്കിൽ ഉപകരണങ്ങൾ എന്നിവയിലെ നിക്ഷേപം രൂപയിൽ കവിയരുത്. 5 കോടി, എന്റർപ്രൈസസിന്റെ വിറ്റുവരവ് രൂപയിൽ കവിയരുത്. 50 കോടി. 2. മീഡിയം എന്റർപ്രൈസ് ഇനിപ്പറയുന്നവയാണെങ്കിൽ ഒരു എന്റർപ്രൈസ് മീഡിയം എന്റർപ്രൈസ് ആയി തരം തിരിച്ചിരിക്കുന്നു: (എ) പ്ലാന്റ് & മെഷിനറി അല്ലെങ്കിൽ ഉപകരണങ്ങൾ എന്നിവയിലെ നിക്ഷേപം രൂപയിൽ കവിയരുത്. 50 കോടി, എന്റർപ്രൈസസിന്റെ വിറ്റുവരവ് രൂപയിൽ കവിയരുത്. 250 കോടി. What is MSME Udyam Registration? Also known as Udyam registration, it is a government initiative that facilitates the registration of Micro, Small, and Medium Enterprises (MSMEs). It replaced the previous Udyog Aadhaar Memorandum (UAM) registration. The Udyam registration process is completely online, which can be done via the Udyam registration portal . Is it necessary to get the Udyam registration done? Obtaining this registration is not compulsory, but businesses must register to receive benefits such as taxation, credit, loans, help for setting up businesses, etc. MSME Registration Eligibility Businesses across various sectors must meet the criteria based on their annual turnover and investment to be eligible for MSME registration. Here's a breakdown of entities eligible for MSME registration: Entrepreneurs Small business owners Partnership firms comprising two or more individuals Sole proprietorships, where a single entity owns and operates the business Limited liability partnerships (LLPs) Self-help groups (SHGs) Co-operative societies & trusts Private and public limited companies Any other undertaking Benefits of MSME Registration Udyam registration offers several advantages to all the MSMEs, as explained below. Businesses that obtain MSME registration get loans at cheaper interest rates, around 1% to 1.5%, lower than the interest on regular loans. It is a one-time permanent registration, and there is no need for renewal. It allows for minimum alternate tax (MAT) that can be carried ahead for up to 15 years instead of 10 years. Registered MSMEs can leverage the advantage of several schemes that the government provides, such as the Credit Guarantee Scheme, the Credit Linked Capital Subsidy Scheme, and Protection against delayed payments, which foster business development. Benefit from exemption schemes on direct taxes. MSMEs can avail reimbursement of ISO certification fees. The Udyam portal integrates seamlessly with other government websites, such as the Income tax portal. This integration streamlines administrative processes and makes it easier for individuals to manage their financial and tax-related aspects. MSMEs receive special consideration and support in participating in international trade fairs. Documents Required for MSME Registration Here are the documents required for the MSME registration process: Aadhar Number: The Aadhar number of the proprietor, managing partner, or authorized signatory, and it should also be linked to a mobile number for the OTP-based registration process. PAN(Permanent Account Number) How to Apply for MSME Registration on the Udyam Registration Portal? The MSME registration process is different for: New entrepreneurs who are not registered yet as MSME or those with EM-II On the official Udyam registration portal’s homepage, click on “New entrepreneurs who are not registered yet as MSME or those with EM-II.” 2) From there, you’ll be redirected to the below page. Here, you are required to provide the Aadhaar number and the name of the entrepreneur. Once the “Validate and Generate OTP Button” is clicked, the PAN Verification page opens. 3) Here, specify the "Type of Organisation" PAN Number, and click on the "Validate PAN" button. The portal will fetch PAN details from government databases and verify the PAN number provided. 4) Upon successful PAN verification, the Udyam Registration form will appear. Fill in your personal details and details of the enterprise as required. 5. Finally, this is the last step, where you have to add investment and turnover details, select the declaration checkbox, and click on "Submit and Get Final OTP." Upon completion, the Udyam Registration Certificate will be sent to your provided email address. You can also check the MSME registration status on the Udyam Registration Portal. For entrepreneurs already having registration as UAM The process is quite simple for this category! All it is required to click on “For those already having registration as UAM” or “For “For those already having registration as UAM through Assisted filing.” Then, enter the “Udyog Aadhar Number” and select the option to obtain OTP either on mobile as filled in UAM or on email as filled in UAM. After choosing, click on "Validate and Generate OTP." After successful OTP verification, fill in the registration details on the MSME registration form, and your Udyam registration process will be complete. How To Check The MSME Registration Status Here’s the step-by-step procedure to check MSME Registration Status. Visit the official Udyam registration website. Hover over the Print/Verify button and click on ‘Verify Udyam Registration Number.’ Enter the ‘Udyam Registration/Reference Number’ captcha code and click on verify. MSME Registration Fees The government of India does not charge any fees for MSME registration, so it’s completely free of cost on the Udyam portal. How To Check MSME Registration By Name? Follow the below steps to check MSME registration by name. Visit the Udyam Registration portal. On the homepage, click on the 'Print/Verify' option. From the options provided, select 'Forgot Udyam/UAM No.' Choose the appropriate registration option based on your registration type. Select the OTP option for verification. Enter the registered mobile number or email address. Click on the 'Validate & Generate OTP' button. Upon receiving the OTP, enter it in the designated field. After successful validation, your MSME registration number will be displayed on the screen. How KarrTax Can Help With MSME Registration? The MSME registration process is not as easy as it seems. Expert assistance is always required for successful completion, so KarrTax is here to help! Our experts can help you with MSME Udyam Registration at just Rs. 499/- We ensure that all information provided for registration is verified and validated to meet the eligibility criteria. Frequently Asked Questions (FAQs) 1.What is an MSME? The Government of India introduced the MSME classification for Micro, Small, and Medium Enterprises. These businesses engaged in manufacturing, processing, or providing services. 2.Is the GST number mandatory for MSME registration? For MSME registration, a GST number is not required for businesses meeting certain turnover criteria or who are not registered under GST. 3.What are MSME registration charges? The MSME registration process is free of cost. 4.Can an individual apply for MSME registration? No, individual entities can not apply for MSME registration. 5.Which businesses cannot apply for MSME registration? Businesses with an annual turnover of above ₹250 crores are not eligible to apply as they’ll come under the category of “large businesses” because the MSME turnover limit has been exceeded. 6.How to download the MSME registration certificate? Here’s how to download the MSME Registration Certificate. Start by accessing the Udyam registration portal and click on the 'Print/Verify' option. From the options presented, choose the 'Print UAM Certificate' option. Enter the required details, including the 'Udyam Registration Number' and your 'Mobile' number. Choose the OTP option for verification. Once the certificate is displayed, you can proceed to take a printout or download the Udyam Registration Certificate. MSME രജിസ്ട്രേഷന്റെ പ്രയോജനങ്ങൾ മൈക്രോ, ചെറുകിട, ഇടത്തരം സംരംഭങ്ങൾക്കുള്ള ഉദ്യം രജിസ്ട്രേഷൻ, അതായത് എംഎസ്എംഇ എടുക്കുന്നതിലൂടെ നിരവധി നേട്ടങ്ങളുണ്ട്. 1. ഏതൊരു എന്റർപ്രൈസസിനും ഇത് പ്രത്യേക ഐഡന്റിറ്റിയായി പ്രവർത്തിക്കുന്നു. 2. ഇത് ഒറ്റത്തവണ സ്ഥിരമായ രജിസ്ട്രേഷനാണ്, പുതുക്കേണ്ട ആവശ്യമില്ല. 3. ഇത് പൂർണ്ണമായും കടലാസ് രഹിതമാണ് കൂടാതെ ആധാർ കാർഡ് ഒഴികെയുള്ള രേഖകളൊന്നും ആവശ്യമില്ല. 4. ഒരു എന്റർപ്രൈസിന്റെ എല്ലാ പ്രവർത്തനങ്ങളും അതായത് നിർമ്മാണം, വ്യാപാരം കൂടാതെ/അല്ലെങ്കിൽ സേവനങ്ങൾ എന്നിവ ഒരു രജിസ്ട്രേഷനിൽ ക്ലബ് ചെയ്യാവുന്നതാണ്. 5. ക്രെഡിറ്റ് ഗ്യാരണ്ടി സ്കീം, ഗവൺമെന്റിന്റെ പബ്ലിക് പ്രൊക്യുർമെന്റ് പോളിസി തുടങ്ങിയ വിവിധ സർക്കാർ പദ്ധതികൾ പ്രയോജനപ്പെടുത്തുന്നതിന് ഉദ്യം രജിസ്ട്രേഷൻ പ്രയോജനകരമാണ്. 6. MSME-യുടെ കീഴിൽ രജിസ്റ്റർ ചെയ്തിട്ടുള്ള എന്റർപ്രൈസസിന് അവർക്ക് വൈകിയ പേയ്മെന്റുകൾക്കെതിരെ പരിരക്ഷ ലഭിക്കുന്നു. 7. എംഎസ്എംഇകൾ ബാങ്കുകളിൽ നിന്നുള്ള മുൻഗണനാ മേഖലയുടെ വായ്പയുടെ പരിധിയിൽ വരും. അങ്ങനെ രജിസ്റ്റർ ചെയ്ത എംഎസ്എംഇക്ക് ബാങ്ക് ലോണുകൾ ലഭിക്കുന്നതിന് മുൻഗണന ലഭിക്കുന്നു, കൂടാതെ അവർക്ക് സബ്സിഡിയുള്ള പലിശ നിരക്കുകളും ബാധകമാണ്. MSME registration is crucial for various entities, including NGOs and partnership firms. The registration process, now known as Udyam registration, requires specific documents to be submitted. GST registration may or may not be required in addition to MSME registration, depending on the business's turnover. It's important to understand the fees associated with MSME registration, as they can vary. The Udyam registration form is used to apply for the MSME registration, and once approved, you receive a Udyam registration certificate, which signifies your status as an MSME. The NIC code for Udyam registration helps categorize your business properly. Stay informed about the MSME registration renewal process to maintain your status as an MSME.

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