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Magicc Tax by Karr Tax helps CAs and tax professionals in India send automated due date reminders to their clients 3 days before every due date. It also helps in managing your client's data at a single place. ✨ MagiccTax by KarrTax Reminding clients about due dates is a challenging task. Magicc Tax automates it for you. Get Started for Free ✅ Free 14-Day Trial. No Credit Card required. Login Built by Tax Experts. Built for Tax Experts. Get Started 🪄 Send Automated email and message to your clients, 3 Days before every due date Email Template SMS Template Hi {{ClientName}}, This is a reminder from {{CAName}}, your Chartered Accountant / Tax Professional, that your tax due date is approaching in just 3 days. Due Date: {{DueDate}} Due Date Description: {{DueDateDescription}} Please submit the relevant documents. Remember, timely filing is key to avoiding penalties and late fees. Ignore if already filed. Sincerely, {{CAName}} {{FirmName}} Email - {{email}} Mobile Number - {{mobile}} P.S. You are receiving this email because your chartered accountant/tax professional has scheduled it for you. The Due Date for {{DueDateDescription}} is on {{DueDate}}. Please check your email for more info. Sent by your CA through OITF. By Tax Experts For Tax Experts ✨ Manage your clients at one place, without long spreadsheets Get Started 🔐 Top-Notch Security At Karr Tax, we understand the importance of protecting your data. We take every precaution to ensure your information is safe and secure. We never sell or share your client's data with any third-party companies. We use industry-standard security measures to protect your data from unauthorized access, disclosure, alteration, or destruction. We also have a strict data privacy policy that outlines how we collect, use, and protect your information. When you choose Karr Tax, you can rest assured that your client data is in safe hands. Get Started Frequently Asked Questions How to use our platform? 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 माझ्यासाठी कोणता ITR सर्वोत्तम आहे? येथे छोटी प्रश्नमंजुषा घेऊन तुमच्यासाठी कोणता ITR सर्वोत्तम आहे हे तुम्ही जाणून घेऊ शकता ➡ अन्यथा, तुम्ही या विषयावरील आमचा लेख वाचू शकता येथे ऑनलाइन भारत कर भरणे सुरक्षित आहे का? होय! निश्चितपणे! आम्ही आहोत! १. तुमचा डेटा तुमचा आहे! त्यामुळे, ते आमच्या सुरक्षित टीम २. पेमेंट पद्धत भारताच्या नंबर 1 पेमेंट गेटवेद्वारे पूर्णपणे सुरक्षित आणि व्यवस्थापित केली जाते: Razorpay! ३. आमची वेबसाइट 100% SSL सुरक्षित आहे. हॅकर्स नाहीत, काळजी नाही! माझे आयटी रिटर्न कोण फाइल करेल? तुमचा आयटीआर २० वर्षांपेक्षा जास्त अनुभव असलेल्या कर तज्ञांनी दाखल केला आहे! फॉर्म 16 म्हणजे काय? प्रत्येक पगारदार कर्मचारी ज्याचे आयकर कायद्यांतर्गत सर्व पात्र कपातीनंतरचे एकूण उत्पन्न कर आकारणीयोग्य नसलेल्या कमाल रकमेपेक्षा जास्त आहे, त्यांना त्यांच्या पात्र कर स्लॅबनुसार त्यांच्या नियोक्त्यांकडून कर कपात करणे आवश्यक आहे. अशा प्रकारे नियोक्त्याला प्रत्येक कर्मचाऱ्याच्या उत्पन्नातून स्त्रोतावर कर कापून घ्यावा लागेल ज्यांच्या एकूण उत्पन्नावर कर आकारणी आहे आणि त्यामुळे कापलेला टीडीएस सरकारमध्ये जमा करावा लागेल. खाते. प्रत्येक नियोक्त्याला आर्थिक वर्षाच्या शेवटी पगाराचे TDS रिटर्न भरावे लागते आणि प्रत्येक कर्मचाऱ्याला फॉर्म 16 द्यावा लागतो ज्याचा TDS स्त्रोतावर कापला गेला आहे. अधिक तपशीलांसाठी हे पहा ➡ What are you waiting for? MagiccTax - A Product built by Tax Professionals like you, for Tax Professionals like you. We are the only solution to your problem of reminding clients before every due date. Get Started FAQ

Learn how 80G registration can help your NGO gain valuable tax benefits. Get started on your fundraising journey now! आयकर अंतर्गत ट्रस्ट / सोसायटी / एनजीओ G० जी नूतनीकरण / नोंदणीसाठी अर्ज करा मानक आयकर अंतर्गत ट्रस्ट / सोसायटी / कलम Company कंपनी G० जी नोंदणी / नूतनीकरणासाठी ऑनलाईन अर्ज करा 1,999 रुपये आता प्रारंभ करा आयकर अंतर्गत एनजीओ / ट्रस्ट / सोसायट्यांसाठी ऑनलाईन नूतनीकरण / नोंदणी यू.एस. 80 जी 1 एप्रिल 2021 पासून अंमलबजावणीची नवीनतम दुरुस्ती What is 80G Registration? ट्रस्ट, सोसायटी किंवा सेक्शन 8 कंपन्या धर्मादाय किंवा धार्मिक कामे करतात आणि बर्याचदा सामान्य टर्ममध्ये त्यांना एनजीओ किंवा एनपीओ म्हटले जाते. म्हणजेच ते ना नफा देणारे किंवा ना-सरकारी संस्था आहेत ज्यांचा कोणत्याही फायद्याचा हेतू नाही आणि सामान्य लोकांच्या हितासाठी काम करत आहेत. اور भारत हा एक विशाल देश असून बहुसंख्य लोकसंख्या गरीबी, निरक्षरता आणि अल्प-विकासाने ग्रस्त आहे. गरीब, पर्यावरणीय संरक्षण, शिक्षण, वैद्यकीय किंवा सर्वसाधारण जनतेच्या इतर कोणत्याही बाबींसाठी मदत म्हणून मोठ्या संख्येने स्वयंसेवी संस्था / एनपीओ कार्यरत आहेत. اور या स्वयंसेवी संस्था साधारणपणे म्हणून नोंदणीकृत असतात: (१) विश्वस्त (२) सोसायटी किंवा ()) कलम company कंपनी कंपन्या कायद्यांतर्गत اور या स्वयंसेवी संस्थांना देणग्या देणा Any्या कोणत्याही व्यक्तीस इन्कम टॅक्सच्या / u 80s आयकरातून कपात करण्याचा हक्क असला पाहिजे जर संस्था / ट्रस्ट इ. आयकर कायद्यातील 80 जी नोंदणीकृत असेल तर. اور आपण प्राप्तिकर 80/80 च्या स्वयंसेवी संस्थांच्या नोंदणी / नूतनीकरणाच्या नवीन तरतुदींबद्दल सर्व चर्चा करू आणि त्यासाठी अर्ज कसा करायचा याबद्दल मार्गदर्शन करू. اور प्रथम आम्ही एनजीओच्या 80 जी नूतनीकरण / नोंदणीबाबत काय बदल झाला आहे या संदर्भात आपण आयकर कायद्याकडे पाहतो. اور महत्त्वपूर्ण बदल खालीलप्रमाणे आहेतः اور १. १ एप्रिल, २०२० रोजीच्या दुरुस्तीपूर्वी, सर्व एनजीओ ज्यांनी आयकरातर्फे आधीपासूनच 80 जी नोंदणी केली होती त्यांना नोंदणी देण्यात आली जी आजीवन काळासाठी प्रभावी होती आणि जोपर्यंत आयकर प्राधिकरणाद्वारे रद्द केली जात नाही तोपर्यंत ते होते. पुन्हा नोंदणी करणे आवश्यक नाही. اور २. १ एप्रिल, २०२१ पासून, कलम 80० जी ()) मध्ये दुरुस्ती आणली गेली आहे, ज्यात या स्वयंसेवी संस्थांच्या नोंदणी / नोंदणी / नूतनीकरण औपचारिकतांमध्ये पूर्ण बदल झाला आहे. हे आहेतः اور (अ) प्राप्तिकर कायद्याच्या कलम 80G मध्ये नोंदणीकृत असलेल्या प्रत्येक ट्रस्ट / सोसायटी / कलम 8 कंपनीला 1 एप्रिल 2021 पासून 30 जून 2021 पर्यंत 3 महिन्यांच्या आत 80 जी च्या नोंदणी / नूतनीकरणासाठी पुन्हा अर्ज करावा लागेल. . اور (ब) कोणतीही नवीन एनजीओ ज्यांची पूर्वीची नोंदणी झालेली नाही आणि नवीन अर्ज करण्याची इच्छा असेल त्यांना केवळ तात्पुरती नोंदणी दिली जाईल आणि ती देखील years वर्षाच्या कालावधीसाठी आणि नोंदणीसाठी किंवा तिचा उपक्रम सुरू झाल्यानंतर तीन वर्षानंतर पुन्हा अर्ज करावा लागेल यापूर्वी जे आहे اور (क) मंजूर नोंदणी केवळ years वर्षांच्या कालावधीसाठी असेल आणि ती संपल्यानंतर पुन्हा years वर्षांच्या कालावधीसाठी त्याचे नूतनीकरण करावे लागेल. اور (ड) नोंदणी नूतनीकरणासाठी अर्ज /० जी म्हणजेच years वर्षाच्या मुदतीच्या कालावधीनंतर months महिन्यांपूर्वी द्यावा लागेल. اور ()) एनजीओच्या /० जी च्या नोंदणीचा आदेश महिन्याच्या अखेरीस months महिन्यांच्या आत पास केला जाईल ज्यामध्ये दुरुस्तीपूर्वी नोंदणीकृत अशा स्वयंसेवी संस्थांच्या बाबतीत अर्ज केला गेला आहे. अन्य प्रकरणांमध्ये, ऑर्डर देण्याची मुदत 6 महिने असेल. जर स्वयंसेवी संस्था NGO वर्षानंतर पुन्हा अर्ज करतात किंवा स्वयंसेवी संस्थांना ज्यांना तात्पुरती नोंदणी मिळाली असेल तर प्रधान आयुक्तांनी संबंधित माहिती व कागदपत्रे मागविली पाहिजेत जेणेकरून स्वयंसेवी संस्था अस्सल आहे व त्या कामांची योग्य प्रकारे अंमलबजावणी केली जाईल. समाधानी झाल्यानंतरच, नोंदणीकृत नूतनीकरण G० ग्रिल असेल. असमाधान असल्यास, अर्ज नाकारला जाऊ शकतो. हा अर्ज फेटाळण्यापूर्वी ऐकण्याची योग्य संधी स्वयंसेवी संस्थांना द्यावी लागेल. اور आता आम्ही स्वयंसेवी संस्थांच्या नोंदणी प्रक्रियेसंदर्भात तयार करण्यात आलेले नियम पाहतो. या संदर्भात, नियम 11 एए समाविष्ट केला गेला आहे जो एनजीओच्या 80 जी नोंदणीसाठी खालील प्रक्रिया प्रदान करतो. اور असे म्हटले आहे कीः اور १. कोणतीही एप्रिल २०२१ पूर्वी already० जी नोंदणीकृत असलेल्या किंवा नव्याने एनजीओसाठी अर्ज करणार्या कोणत्याही एनजीओ / ट्रस्ट / सोसायटी / कलम company कंपनीला फॉर्म क्रमांक १० ए मध्ये नोंदणीसाठी अर्ज करावा लागेल. اور २. वरील कोणत्याही वर्गात न येणारी अन्य कोणतीही स्वयंसेवी संस्था फॉर्म क्रमांक १० एएबीमध्ये अर्ज करायची आहे. اور Form. फॉर्म १० ए किंवा १० एबी मधील अर्ज पुढील कागदपत्रांसह जोडले जावेतः اور (अ) ट्रस्ट डीड किंवा इन्स्ट्रुमेंट ज्याद्वारे स्वयंसेवी संस्था तयार केली गेली आहे - सेल्फ प्रमाणित (बी) ट्रस्ट / सोसायटी / कलम Company कंपनीचे नोंदणी प्रमाणपत्र - सेल्फ प्रमाणित (सी) एफसीआरएच्या नोंदणी प्रमाणपत्रांची प्रत - सेल्फ सर्टिफाइड (जर एनजीओ त्या कायद्यांतर्गत नोंदणीकृत असेल तर) (डी) आयकर 80० जी अंतर्गत नोंदणी प्रमाणपत्रांची प्रत - सेल्फ प्रमाणित (ई) स्वयंसेवी संस्थांच्या नोंदणीसाठी अर्ज केलेल्या वर्षाच्या आधी अस्तित्त्वात असल्यास त्याांच्या वार्षिक लेखाच्या प्रती (years वर्षांपर्यंत) - आधीपासूनच नोंदणीकृत स्वयंसेवी संस्थांच्या बाबतीतही हे आवश्यक नाही. (एफ) वस्तू बदलल्यास किंवा सुधारित केल्या गेल्या असतील तर कागदजत्र तेच स्पष्ट करेल (छ) क्रियांच्या नोट्स اور Form. फॉर्म क्रमांक १० ए किंवा १० एबी प्राप्तिकर वेबसाइटवर (www.incometaxindiaefiling.gov.in ) लॉग इन करून ऑनलाईन दिले जाईल आणि ई-सत्यापित किंवा डिजिटल स्वाक्षरीकृत असेल. اور Benefits of 80G Registration 80G registration offers several benefits for both charitable organizations and donors. Here are the detailed pointers justifying this statement. Benefits for Charitable Organizations: 80G registration increases the credibility and trustworthiness of a charitable organization. It generates a sense of trust between potential donors that their contributions will be used for genuine charitable purposes. Charitable trusts with 80G registration receive tax-exempt donations. Charities can expand their reach and impact with 80G Registration as they receive greater attention and support from the media and the public. Having 80G Registration opens doors to potential collaborations and funding from government sources. 80G registration requires proper record-keeping and financial transparency. This fosters good governance practices within the organization, which helps them to build trust with donors and stakeholders. Benefits for Donors: Donors can claim deductions on the amount they donate to organizations with 80G registration. As a result, this encourages more people and businesses to contribute to the organization's causes. Businesses that are donating to organizations with 80G registration can help fulfill their CSR obligations as mandated by the Companies Act, 2013. Donors can easily claim deductions by providing proof of their donations, such as donation receipts issued by the registered charitable organization. Required Documents For 80G Registration The following documents are required for 80G registration. The organization's Permanent Account Number (PAN) card copy is required to establish its identity for taxation purposes. According to the legal structure, documents outlining the organization's objectives, governance structure, and rules are mandatory. These documents comprise a copy of the trust deed, memorandum of association (MoA), and articles of association. For the last three to five years, copies of audited financial statements, including balance sheets, income statements, and audit reports are required. A detailed description of the charitable activities undertaken by the organization is needed, along with evidence of how funds have been utilized for the same. This may include project reports, receipts, and invoices. To prove legal existence, the organization should include a copy of its registration certificate under the relevant law, such as the Indian Trusts Act, Societies Registration Act, or Companies Act. Documents or declarations demonstrating the organization's non-profit motive should be submitted. In case the organization receives foreign contributions, a copy of its registration under the Foreign Contribution Regulation Act (FCRA) should be included. (if applicable) Mandatory Requirement of Darpan ID for 80G Registration Charitable organizations seeking registration or revalidation are now required to provide details of their registration number with the Darpan portal of Niti Aayog. This significant requirement has emerged in recent years and must be followed. Key Pointers: The Darpan portal is administered by the Niti Aayog (National Institution for Transforming India). It is a central platform for registering and monitoring NGOs and voluntary organizations across India. This mandatory requirement of providing a Darpan ID is aimed at enhancing transparency in the operations of charitable organizations. Darpan ID serves as a means of cross-verification to confirm the legitimacy and compliance of these organizations. By linking Section 80G registration to the Darpan portal, the government can take measures to prevent the misuse of tax benefits. Eligibility For 80G Registration Not all charitable organizations or trusts are eligible for 80G registration. To qualify, an organization must meet the below criteria. The organization seeking 80G registration should be legally established and registered under one of the following structures: A trust that has been authorized by the Indian Trusts Act of 1882. A society registered under the Societies Registration Act, 1860, or any relevant state-level society registration act. A Section 8 Company under the Companies Act, 2013, or its predecessor, Section 25 Company under the Companies Act, 1956. The organization must have a genuine non-profit motive. Its primary purpose should be charitable or for the public good. If any trust is found doing activities to generate profits for its members or stakeholders will get disqualified from 80G registration. The organization's objectives must align with the definitions and purposes specified under Section 80G of the Income Tax Act . This typically includes activities related to: Education, Medical relief, Poverty alleviation, Advancement of religion, and Other charitable causes. Charitable organizations registered under Section 80G can not participate in political activities or promote political agendas. To obtain 80G registration, the organization must apply to the Commissioner of Income Tax (Exemptions) or the appropriate authority. Below are the necessary required documents: Details of the organization's objectives, Financial statements, Audited reports, and Proof of its charitable activities. The organization must comply with all relevant charitable activity laws and regulations. This includes following the provisions of the Income Tax Act, FCRA (Foreign Contribution Regulation Act), and other relevant laws. 80G Registration Procedure The 80G Registration process at KarrTax includes several steps to provide our clients with the best services possible. Step 1. Initial Assessment/ Consultation Our tax experts start the 80G process with an initial consultation with your organization. We will discuss your organization's unique charitable activities, legal structure, and objectives. This assessment helps us gauge your eligibility for 80G registration and allows us to customize our services to your specific needs. Step 2. Documentation Once eligibility is confirmed, we guide you through the document collection process. Here, our team will view and compile all the required documents and information (as discussed above) before starting the application process. Step 3. Filling Application Form In this step, our team prepares the 80G registration application. We ensure that all required information is accurately included in the application form. Step 4. Submission and Follow-up We will submit the completed application form with all supporting documents to the Income Tax Commissioner (Exemptions) or the appropriate authority in your jurisdiction. Further, our tax experts follow up with the authorities to track the progress of your application, ensuring that it receives the attention it deserves. Step 5. 80G Registration Certificate Issuance Upon successful verification and approval of your application, you'll receive the coveted 80G registration certificate. This 80G certificate confirms your eligibility for tax-deductible donations and attracts potential donors seeking tax benefits. It is important to remember that the specific requirements and procedures for 80G registration may evolve. So, staying updated with the latest guidelines and regulations from the Income Tax Department is always suggested. You can also seek Karr Tax professional guidance for the most accurate and current information. Validity of 80G Registration In India, charitable organizations enjoy certain tax exemptions and benefits under Sections 12A/12AA and 80G of the Income Tax Act 1961. However, these organizations had to undertake a crucial revalidation process for their registrations before a specified deadline. Revalidation Requirement: Under the Finance Act 2020, significant changes were introduced, mandating existing charitable institutions registered under Sections 12A/12AA and/or 80G to reapply for approval/registration. The primary objective was to assess the authenticity of charitable activities conducted by these entities. New Procedure For 80G Registration (w.e.f 1st April 2021) Under Section 12AB, a new registration procedure has been introduced, which came into effect on April 1, 2021. This change was implemented through Notification No. 19/2021, dated March 26, 2021, issued by the Central Board of Direct Taxes (CBDT). The Notification mandates that all trusts, societies, and institutions previously registered under Section 80G must now obtain fresh registration. Form 10A has been introduced to facilitate this new registration process, starting from the AY 2022-2023. Form 10A provides the guidelines and procedures for organizations seeking registration with the income-tax authorities to avail of the exemptions under Sections 11 and 12. To summarize, The amendment in the registration process, as per Section 12AB and Notification No. 19/2021, requires entities previously registered under Section 80G to obtain new registration. This ensures compliance with the conditions and procedures necessary to avail of the tax exemptions provided by Sections 11 and 12 of the Income Tax Act. Form 10A is the prescribed form for this purpose, and these changes have been in effect since the AY 2022-2023. Below is a table summarizing the new exemption approval process with all the relevant details! Frequently Asked Questions (FAQs) What is an 80G certificate? The Income Tax Department in India issues an 80G certificate that allows donors to claim tax deductions on donations made to eligible charitable organizations. It encourages individuals and organizations to contribute to charitable causes. 2. Who is eligible to apply for 80G registration? Charitable organizations, including trusts, NGOs, and section 8 companies, engaged in specific eligible activities are eligible for 80G registration. 3. What are the benefits of obtaining an 80G certification for a charitable organization? Obtaining an 80G registration allows the charitable organization to offer donors the benefit of tax deductions under Section 80G, which can encourage more donations and support for their causes. 4. Do all charitable organizations have 80G certificates? No, not all charitable organizations have 80G certificates. Only organizations that meet certain criteria and have been approved by the Income Tax Department are eligible for this certificate. 5. How long does it take to get 80G registration approval? The time taken for 80G registration approval can vary. It typically takes several months for the Income Tax Department to review the application and conduct necessary inspections. 6. Is 80G registration permanent, or does it require renewal? 80G registration is not permanent and usually comes with a validity period. That’s why organizations must renew their registration periodically to continue offering tax benefits to donors. 7. Can an organization with 12A registration automatically obtain 80G registration? No, having 12A registration does not automatically grant an organization 80G registration. You must apply separately for 80G registration. 8. Can an organization receive foreign donations with 80G registration? An organization with 80G registration can receive foreign donations but must also register under the Foreign Contribution (Regulation) Act (FCRA) to receive such donations legally. NGOs can enjoy tax benefits by obtaining 80G registration, allowing donors to claim income tax exemptions on their contributions under Section 80G. This registration can be applied for online, and there's also a renewal application form to extend the validity of your 80G certificate. The 80G certificate is crucial for NGOs as it signifies their eligibility for tax benefits. To verify 80G registration, check with the appropriate authorities. The application process for 80G registration requires specific documents, and it's important for societies and trusts in India to secure this registration for financial support and credibility. फॉर्म 10 ए वर नेहमी विचारले जाणारे प्रश्न तुम्ही तुमच्या एनजीओची 80 जी आयटी विभागाकडे नोंदणी / नूतनीकरण / पुन्हा नोंदणी शोधत आहात - येथे क्लिक करा

Learn everything about the ITR-3 form. Its eligibility, components, and guidelines for smooth tax compliance. ITR - 3: Price List आयटीआर 3 फील्डिंग्स ए.वाय.आर.2021-22 ₹2499 For Business/Profession including F&O and Speculation Profits* Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started *Audit (if applicable) Charges not included. ITR - 3: FAQ सर्व आयटीआर 3 एवायआर.2021-22 बद्दल Finally, the income tax return filing season is back for A.Y. 2025-26. Are you an individual taxpayer or HUF member with a proprietorship or business? If yes, then you have to file ITR-3. Here, we’ll explain about ITR-3 form, eligibility, steps and structure! Let’s begin! What is the ITR-3 Form? ITR-3 is an income tax return form that is filed by individual entities and Hindu Undivided Families or HUFs who earn from the following income sources: Salary Pension House property Capital gains Business or profession Other sources Who Is Eligible to File the ITR-3 Form? The below entities are eligible to file the ITR-3 form. Individual entities or Hindu Undivided Families (HUFs) with income from a sole proprietorship business or profession. For taxpayers earning from more than one house property. Used by individuals with income generated from assets situated outside India. Non-Resident Individual Income from short or long-term capital gains, such as selling investments like stocks. Individual earning income under the head “profits or gains from profession or business” and not eligible to file ITR-1, ITR-2 or ITR-4. Who is not eligible to file the ITR-3 Form? ITR-3 Form is exclusively for individuals and Hindu Undivided Families (HUFs); other entities cannot use this form. Individuals and HUFs who do not earn or receive income from their own business, profession, or partnership firm. Major Changes in ITR-3 form for AY 2025-26 The below changes are incorporated in the ITR-3 form. Introduction of Schedule VDA to separately report income from virtual digital assets (VDAs) such as cryptocurrency. This schedule requires a quarterly breakup of VDA transactions, including purchase and sale dates, if treated as capital gains. Requirement for foreign institutional investors (FII/FPI) to disclose their SEBI registration number for additional transparency. Introduction of a new section, 'Trading Account', to report turnover and income from intraday trading. Addition of questions to determine if taxpayers opted out of the New Tax Regime in previous years. Minor adjustment in balance sheet reporting details: Advances received from entities specified in Sec 40A(2)(b) and others must be reported or shown under the 'Advances' heading in "Source of Funds." Structure of the ITR-3 Form ITR-3 Form follows the below structure. PART-A PART A - GENERAL This part requires general information such as Name, Address, PAN, Aadhar, Mobile, email Id Status, details of New or old tax regime, whether the return is being filed as per the seventh proviso to Section 139(1), details of residential status, details of Directorship in any company and details of Equity shareholding in Unlisted Companies. If you are liable for an Audit, it requires information about the Audit, the date of the Audit Report etc. The details of the nature of the Business along with the Code and name of the proprietorship, description, etc. are also required. PART A - MANUFACTURING ACCOUNT Details of the manufacturing account for the whole financial year PART A - TRADING ACCOUNT Trading account details PART A - PROFIT AND LOSS ACCOUNT Profit and loss account details PART A - BALANCE SHEET This Part is divided into three sub-parts : (1) If Regular Books of Accounts are maintained : In that case, Complete details of the Balance Sheet, Manufacturing Account, Trading Account and Profit and Loss Account has to be filled up. Separate Schedules are there for each one of them. (2) If declaring income under Presumptive Taxation Schemes : In this case, the details as per Section 44AD , 44ADA , and 44AE (as applicable) are to be filled up. (3) No Account case: If you are not liable to maintain books of accounts, the details as required in point no. 64 and 65 of the ITR have to be filled up. PART A - 0I OTHER INFORMATION This schedule is mandatory for persons liable to audit. For others, it can be filled up if applicable. The major parts covered in this schedule relates to disallowances from business or professional income. PART A - QD QUANTITATIVE DETAILS Again this part is mandatory for persons who are liable to Tax audits. It requires quantitative details of Trading Accounts i.e. opening stock, purchases, sales and closing stock. SCHEDULES TO THE RETURN FORM [TO BE FILLED AS APPLICABLE] SCHEDULE S- DETAILS OF INCOME FROM SALARY In this Schedule, the name and address of the employer with TAN and the nature of Employment are also required along with all the details of Salary and other allowances and perquisites received. SCHEDULE HP - DETAILS OF INCOME FROM HOUSE PROPERTY In this Schedule, the Address of the property along with names and Pan of the co-owners are required to be filled. Also, the details of the tenant such as name, and PAN are required. Complete details of Rent received, annual rent along with all the deductions claimed from rental income has to be entered. You can add multiple house property details here. SCHEDULE BP - COMPUTATION OF INCOME FROM BUSINESS OR PROFESSION This Schedule requires details of income from business or profession. It is divided into four parts : 1. Details of Income from normal business or profession 2. Details of Income from Speculative business 3. Details of Income from Specified business u/s 35AD 4. Inter-head set off of losses under head Business SCHEDULE - DPM DEPRECIATION ON PLANT AND MACHINERY Complete Details of depreciation on Plant and Machinery have to be provided under this Schedule SCHEDULE DOA - DEPRECIATION ON OTHER ASSETS Complete details of depreciation on all the Fixed Assets other than Plant and Machinery such as Land, Building, Furniture & Fixtures, Intangible Assets, and Ships has to be provided under this Schedule. SCHEDULE DEP - SUMMARY OF DEPRECIATION ON ASSETS Under this Schedule, a Summary of Depreciation provided under each head of Assets has to be provided. SCHEDULE DCG - DEEMED CAPITAL GAIN ON SALE OF DEPRECIABLE ASSETS Here, the deemed capital gain on the sale of depreciable assets has to be entered. SCHEDULE ESR - EXPENDITURE ON SCIENTIFIC RESEARCH [Deduction u/s 35 or 35CCC or 35CCD] The complete details of Expenditure claimed u/s 35 have to be provided here. SCHEDULE CG - CAPITAL GAINS This is a long schedule that is divided into Short Term & Long-Term Capital Gains. Full & complete details of each and every item have to be provided including all deductions claimed from such gains. Also, there is a separate Schedule of Section 112A wherein share-wise details have to be entered for taking benefits of the grandfathering clause as on 31st Jan.2018. Also, the set-off of short-term and long-term capital gains details are to be entered. The bifurcation of Short Term & Long term capital gains quarter wise also needs to be entered so that the interest liability u/s 234C can be correctly analyzed and calculated. From A.Yr.2023-24, Schedule VDA - Income from transfer of Virtual Digital Assets has been newly added for reporting transactions relating to virtual digital assets. SCHEDULE OS - INCOME FROM OTHER SOURCES In this Schedule, each and every detail relating to Income from Other Sources have to be entered. Also, the deductions claimed from other source income are to be entered in detail. Here also bifurcation of income from Dividends and winnings from the lottery, puzzles, games etc. has to be provided quarters for calculation of interest u/s 234C. SCHEDULE CYLA - DETAILS OF INCOME AFTER SETOFF OF CURRENT YEAR LOSSES Under this Schedule, the current year's losses under head House Property, Business loss and other sources are allowed to be adjusted from the Current year's income of Salaries, House Property, Busines Income, Capital Gain, and other sources as per the provisions of Income Tax. SCHEDULE BFLA - DETAILS OF INCOME AFTER SET OFF OF BROUGHT FORWARD LOSSES OF EARLIER YEARS Under this Schedule, the brought forward losses of earlier years are allowed to be set off against current year's remaining income as per the provisions of the Act. SCHEDULE CFL - CARRIED FORWARD LOSSES This Schedule requires the details of the last 8 years brought forward losses and adjustment of same against the current year's income and the losses which remained and carried forward for future adjustments. SCHEDULE - UD UNABSORBED DEPRECIATION AND ALLOWANCE U/S 35(4) This schedule required the details of unabsorbed deprecation losses and allowances u/s 35(4) adjusted during the year and carried forward. SCHEDULE ICDS - EFFECT OF INCOME COMPUTATION DISCLOSURE STANDARDS ON PROFIT Here, the effect of all total 10 ICDS on the net profit has to be disclosed and detailed. SCHEDULE 10AA - DEDUCTION UNDER SECTION 10AA The Deductions in respect of units located in the Special Economic Zone have to be provided under this schedule. SCHEDULE 80G - DETAILS OF DONATIONS UNDER SECTION 80G This schedule required complete details in respect of donations given under Section 80G both entitled to 100% and 50% deductions including name, address, pan of the organization along with mode of payment etc. SCHEDULE 80GGA - DETAILS OF DONATIONS FOR SCIENTIFIC RESEARCH OR RURAL DEVELOPMENT The details of donations made for Scientific Research or rural development in case of a partner of the firm deriving only profit from the firm has to be filled in here. SCHEDULE RA - DETAILS OF DONATIONS TO RESEARCH ASSOCIATIONS ETC. [U/S 35] The details of such donations made to Research Associations etc. have to be filled in here. SCHEDULE 80IA, IB, IC, OR IE - DEDUCTIONS Separate Schedules u.s 80IA, IB, ICor IE deductions are to be filled (if applicable). SCHEDULE VIA - DEDUCTIONS UNDER THE CHAPTER VIA This Schedule requires figures of deductions claimed under Chapter VIA such as 80C, 80CCC, 80CCD , 80E , 80D , etc. SCHEDULE AMT - ALTERNATE MINIMUM TAX UNDER SECTION 115JC This Schedule requires the calculation of Tax payable u/s 115JC i.e. alternate minimum tax. SCHEDULE AMTC - CALCULATION OF TAX CREDIT U/S 115JD This Schedule requires the adjustment calculation of any tax credit availed and utilized u/s 115JD. SCHEDULE SPI - INCOME OF SPECIFIED PERSON U/S 64 I.E. MINOR CHILD, SPOUSE ETC. Under this Schedule, details of Income of Minor Child, Spouse, etc. specified u/s 64 have to be entered. SCHEDULE SI - SPECIAL INCOME This schedule requires to details of all incomes which fall under Special Income which are taxed at different rates mostly u/s 115 of the Income Tax Act. SCHEDULE IF - INFORMATION REGARDING THE PARTNERSHIP FIRM IN WHICH YOU ARE A PARTNER The details of income from the Partnership firm in which you are a partner is to be filled in here. SCHEDULE EI- EXEMPT INCOME Under this Schedule, complete details of all Income that are claimed to be Exempt have to be provided. SCHEDULE PTI - PASS-THROUGH INCOME FROM BUSINESS TRUST, INVESTMENT FUND U/S 115UA, 115UB Complete details of Income from the above trust or investment funds have to be provided in this Schedule. SCHEDULE TPSA - DETAILS OF TAX ON SECONDARY ADJUSTMENTS AS PER SECTION 92CE The relevant details are to be filled in here. SCHEDULE FSI - DETAILS OF INCOME FROM OUTSIDE INDIA AND TAX RELIEF Here, the details of Income earned from outside India in case of Resident and the tax relief (if any) claimed has to be provided along with country code and TIN of the country. SCHEDULE TR - SUMMARY OF TAX RELIEF CLAIMED FROM TAXES OUTSIDE INDIA In case of Resident earning Income from outside India and paying tax in that country, the tax relied claimed in India in respect of that income under section 90, 90A or 91 has to be provided here. SCHEDULE FA - DETAILS OF FOREIGN ASSETS AND INCOME FROM ANY SOURCE OUTSIDE INDIA This Schedule requires details of complete assets, bank accounts, demat accounts, any movable or immovable property etc. of any resident in a Foreign country and also income if any derived from such assets. The details are to be provided for the Calendar year i.e. for A.Yr.23-24 it has to be provided as at 31st Dec. 22. SCHEDULE 5A - INFORMATION REGARDING APPORTIONMENT OF INCOME AS PER PORTUGUESE CODE The relevant Information of the Spouse as per the Portuguese code has to be provided here. SCHEDULE AL - ASSETS AND LIABILITIES AS AT THE END OF THE YEAR [APPLICABLE IN CASE WHERE TOTAL INCOME EXCEEDS RS.50 LAKHS] Complete details of all assets i.e. Immovable and Movable in case of persons earning income above 50 lakhs has to be filled in this Schedule. The details of Assets and Liabilities should be other than as already filled in Part A - BS. SCHEDULE GST - INFORMATION REGARDING TURNOVER/RECEIPTS REPORTED IN GST The GSTIN details and turnover details as per GST returns are to be disclosed here. SCHEDULE - TAX-DEFERRED IN ESOP The relevant information - relatable to income on perquisites referred in section 17(2)(vi) received from the employer, being an eligible start-up referred to in section 80-IAC has to be provided here. PART B - TI - COMPUTATION OF TOTAL INCOME This schedule is the Summary of all above Schedules wherein the total income under each head of income is to be summarised so as to arrive at Gross total income and then Total income. PART B - TTI - TAX ON TOTAL INCOME Under this Schedule, the Tax liability is ascertained after providing for rebates and reliefs claimed and also the TDS, advance tax, Self asstt. tax are considered. The Interest u/s 234A , B & C are also calculated so as to arrive at net tax payable or refundable during the year. This Schedule also requires details of all bank accounts held during the year along with the account to which the refund has to be credited. This Schedule also has sub-schedules for Advance Tax, Self Assessment Tax, TDS, and TCS wherein complete details are to be provided as per tax challans, Form 26AS and Form 27D. VERIFICATION Form ITR-2 ends with the Verification section which can be done through Aadhar OTP, digital signature, other modes of verification. However, if no modes of E-verification are available, then ITR-V acknowledgment generated after e-filing has to be physically signed and sent to CPC-Bangluru within 30 days of filing. File ITR-3 with KarrTax File your ITR-3 for A.Y. 2025-26 with the best tax experts of KarrTax at just ₹2499! (audit charges not included) Frequently Asked Questions (FAQs) 1.What is the due date for filing the ITR-3 form? The due date for ITR-3 return filing is 31st July for non-audit cases and 31st October for audit cases. 2.I earn income from business but opted for presumptive taxation, so can I file ITR-3? No, In the case of presumptive taxation, only ITR-4 is applicable, which you can file here . 3.What documents are required for ITR-3 filing? Below documents are needed for ITR-3 filing: Form 16/16A/26AS Income proof of Salary , Capital Gains, House Property, and Other Sources. Documents for claiming deductions like u/s 80C. Books of accounts (In case of business or professional income) Bank account details 4.What is the difference between ITR-3 and ITR-4 forms? ITR-3 is applicable for individuals and Hindu Undivided Families (HUFs) who have income from proprietary business or profession. On the contrary, ITR-4 is applicable for individuals, HUFs, and firms (other than LLPs or Limited Liability Partnership) who earn presumptive income from business and profession. 5.What are the late fees or penalties for not filing ITR-3 before the due date? If you miss the deadline for filing your ITR-3 for Assessment Year 2025-26, there are penalties to consider. Individuals with income up to Rs. 5,00,000 may face a penalty of up to Rs. 1,000, while those with income exceeding Rs. 5,00,000 could incur a penalty of Rs. 5,000. How to File ITR 3 Online Filing ITR-3 online requires accurate reporting of business or professional income, ensuring compliance with income tax regulations. Individuals filing ITR-3 should provide relevant financial statements, such as a balance sheet, if applicable to their business or profession. A tax calculator specific to ITR-3 aids individuals in computing their tax liability concerning business or professional income accurately. Knowing who should file ITR-3, its applicability based on business or professional income, and utilizing the correct nature of business code for trading activities are essential aspects for successful and compliant tax filing processes. फॉर्मिंग आयटीआर-3 साठी आवश्यक कागदपत्रे व्यवसायाशी / व्यवसायाशी संबंधित कागदपत्रे जसे की जर मालक बॅलेन्स शीट, नफा आणि नुकसान भरपाईसह परिशिष्टासह वित्तीय विधाने पूर्ण करतो. भागीदार असल्यास - फर्मच्या तपशीलासह भागीदारीच्या चिंतेमधील भांडवल खाते आवश्यक आहे वेतन, भांडवली नफा, घर मालमत्ता, इतर स्त्रोत इ. सारख्या इतर उत्पन्नाशी संबंधित कागदपत्रे. वजावटीशी संबंधित कागदपत्रांमध्ये कर बचत गुंतवणूक, D० डी ते U० यू कपात इत्यादींचा दावा फॉर्म 16/16 ए / 26 एएस पॅन कार्ड आधार कार्ड What is ITR 3 ITR-3, a specific income tax return form, is primarily applicable to individuals and Hindu Undivided Families (HUFs) involved in businesses or professions. Those engaged in proprietary businesses or having income from a profession typically file ITR-3. It's important to note that ITR-3 filing doesn't include cases where individuals are not maintaining regular books of accounts. The nature of business code for F&O trading in ITR-3 helps in accurately categorizing income from Futures and Options trading activities. Understanding the applicability of ITR-3 is crucial, as it applies to individuals and HUFs with income from business or profession but not falling under the "no account case" category. इन्कम टॅक्स शिका येथे आमच्या लर्निंग सेंटरमध्ये आम्ही संपूर्ण आयकर विविध उप-श्रेणींमध्ये विभागला आहे आणि दैनंदिन जीवनात उपयुक्त असलेले विषय संकलित केले आहेत. तुम्ही तुमच्या आवडीचा विषय ब्राउझ करू शकता आणि समजण्यास सोप्या भाषेत आवश्यक माहिती मिळवू शकता. आम्ही आमच्या विषय आणि श्रेणींच्या सूचीमध्ये नवीन आणि नवीनतम अद्यतने जोडत राहू. आयटीआर -3 दाखल करण्याचे प्रकार आयटीआर -3 व्यवसाय / व्यवसायातून उत्पन्न असलेल्या व्यक्ती / एचयूएफसाठी लागू आहे. अशा प्रकारे व्यवसाय / व्यवसायातून उत्पन्न नसलेल्या कोणत्याही व्यक्तीद्वारे ती दाखल केली जाऊ शकत नाही. اور आयटीआर -3 दाखल करण्याच्या पद्धती आहेतः १. ऑनलाइन फॉर्म आयटीआर-3 भरून आयकर भरणा पोर्टलवर ऑनलाईन आयटीआर-3 भरणे. साइटवर लॉग इन करून हे करावे लागेल. اور २. प्राप्तिकरच्या एफिलिंग पोर्टलवर एक्सएमएल फाइल अपलोड करून आणि त्यानंतर आयटी रिटर्नची शहानिशा करून किंवा आधार ओटीपी, बँक खाते प्रमाणीकरण, डिमॅट खाते प्रमाणीकरण इत्यादी उपलब्ध ई-पडताळणी पद्धतींद्वारे. اور Phys. शारिरीक स्वाक्षरीकृत आयटीआर-3 ची पोचपावती सीपीसी-बेंगलुरूला पोस्ट / स्पीड पोस्टद्वारे पाठवावी लागेल. اور Audit. लेखापरीक्षणानुसार /U एबी / AD 44 एडी अंतर्गत आलेल्या व्यक्ती / एचयूएफच्या बाबतीत ऑडिट अहवाल वेगळ्या पद्धतीने अपलोड करावा लागेल आणि त्यानंतर आयटीआर-be दाखल करावा लागेल. اور Audit. लेखापरीक्षण निर्धारणासंदर्भात आयटीआर-3 मध्ये डिजिटल स्वाक्षरी करुन अपलोड करावे लागेल. ओटीपीद्वारे मॅन्युअल स्वाक्षरी आणि सत्यापन करण्यास परवानगी नाही. आयटीआर 3 डाउनलोड करा Old Tax Regime Vs. New Tax Regime - Applicability for Asstt. Yr. 2024-25 The E-filing for the Asstt. Yr.2024-25 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.2024-25, 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 Income Tax Act such as 80C, 80D, 80E, 80G, etc. will be available. 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 : Under the New tax regime, the tax slabs and rate of tax are different. However, there are no deductions available except standard deduction from salary and House property. i.e. tax will have to be paid on total income without deductions. The Tax slab under the New tax regime is as under : Income Range Tax Rate Upto Rs.3 lacs Nil Rs.3 lacs to Rs.6 lacs 5% Rs.6 lacs to Rs.9 lacs 10% Rs.9 lacs to Rs.12 lacs 15% Rs.12 lacs to Rs.15lacs 20% Above Rs.15 lacs 30% Plus there will be surcharges etc. as per the Act. Old Tax Regime Vs. New Tax Regime - Which is better? The decision to choose old tax regime or 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 has to be done under both regime and then it can be decided as to which scheme is better. You can connect to our tax experts to help make this decision at www.karrtax.in When to opt for New or Old Tax Regime : 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. 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 new tax regime only. 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 माझ्यासाठी कोणता ITR सर्वोत्तम आहे? येथे छोटी प्रश्नमंजुषा घेऊन तुमच्यासाठी कोणता ITR सर्वोत्तम आहे हे तुम्ही जाणून घेऊ शकता ➡ अन्यथा, तुम्ही या विषयावरील आमचा लेख वाचू शकता येथे ऑनलाइन भारत कर भरणे सुरक्षित आहे का? होय! निश्चितपणे! आम्ही आहोत! १. तुमचा डेटा तुमचा आहे! त्यामुळे, ते आमच्या सुरक्षित टीम २. पेमेंट पद्धत भारताच्या नंबर 1 पेमेंट गेटवेद्वारे पूर्णपणे सुरक्षित आणि व्यवस्थापित केली जाते: Razorpay! ३. आमची वेबसाइट 100% SSL सुरक्षित आहे. हॅकर्स नाहीत, काळजी नाही! माझे आयटी रिटर्न कोण फाइल करेल? तुमचा आयटीआर २० वर्षांपेक्षा जास्त अनुभव असलेल्या कर तज्ञांनी दाखल केला आहे! फॉर्म 16 म्हणजे काय? प्रत्येक पगारदार कर्मचारी ज्याचे आयकर कायद्यांतर्गत सर्व पात्र कपातीनंतरचे एकूण उत्पन्न कर आकारणीयोग्य नसलेल्या कमाल रकमेपेक्षा जास्त आहे, त्यांना त्यांच्या पात्र कर स्लॅबनुसार त्यांच्या नियोक्त्यांकडून कर कपात करणे आवश्यक आहे. अशा प्रकारे नियोक्त्याला प्रत्येक कर्मचाऱ्याच्या उत्पन्नातून स्त्रोतावर कर कापून घ्यावा लागेल ज्यांच्या एकूण उत्पन्नावर कर आकारणी आहे आणि त्यामुळे कापलेला टीडीएस सरकारमध्ये जमा करावा लागेल. खाते. प्रत्येक नियोक्त्याला आर्थिक वर्षाच्या शेवटी पगाराचे TDS रिटर्न भरावे लागते आणि प्रत्येक कर्मचाऱ्याला फॉर्म 16 द्यावा लागतो ज्याचा TDS स्त्रोतावर कापला गेला आहे. अधिक तपशीलांसाठी हे पहा ➡

Ensure tax compliance effortlessly with our expert ITR-7 return filing services, a worry-free and smooth experience. ITR - 7: Price List आयटीआर 7 फिलिंग्ज ए.वाय.आर. 2021-22 ₹4499 For Trusts/Societies etc. Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started सर्व ITR बद्दल 7 ऑनलाईन भरणे A.YR.2021-22 1. आयटीआर -7 यू / एस 139 (4 ए) अशा व्यक्ती ज्यांचे उत्पन्न संपत्तीद्वारे आहे पूर्णपणे किंवा अंशतः धर्मादाय किंवा धार्मिक ट्रस्टसाठी वापरली जाते आणि अशी मालमत्ता कायदेशीर बंधन किंवा ट्रस्ट अंतर्गत असणे आवश्यक आहे. اور 2. आयटीआर -7 यू / एस 139 (4 बी) हा विभाग विशेषत: राजकीय पक्षांना लागू आहे. कलम १A ए नुसार राजकीय पक्षांना आयकर-7 फॉर्मद्वारे वार्षिक रिटर्न भरल्यास आयकर विवरणपत्र भरण्यास सूट देण्यात आली आहे. اور 3. आयटीआर -7 यू / एस 139 (4 सी) या अंतर्गत आयटीआर -7 पुढील संस्थांद्वारे दाखल केले जातेः असोसिएशन शास्त्रीय संशोधन करीत आहे बातमी एजन्सी संघ 10/23 (23 ए) इतर संस्थांनी आपली नावे 10 (23 बी) मध्ये नोंदविली اور 4. आयटीआर -7 यू / एस 139 (4 डी) आयकर कायद्याच्या कलम (35 (१) (ii) आणि (iii) मध्ये नमूद केलेली शाळा, महाविद्यालये आणि संस्था यांना या नियमन अंतर्गत आयटीआर -7 दाखल करणे आवश्यक आहे. اور 5. आयटीआर -7 यू / एस 139 (4 ई) व्यवसायाच्या ट्रस्टद्वारे रिटर्न ऑफ इन्कम भरणे اور 6. आयटीआर -7 यू / एस 139 (4 एफ) गुंतवणूक निधीद्वारे मिळकत परतावा भरणे What Is The ITR 7 Form? The ITR-7 form is mandated for entities that derive income from properties meant for charitable or religious purposes. These may be held partially or entirely under trusts or legal obligations. Eligibility Criteria For ITR-7 Return Filing The following entities are required for ITR-7 return fling u/s: 139(4A) Receiving income from property held under trust or other legal obligation, wholly or partially for charitable or religious purposes. Income from voluntary contributions. 139(4B) Political parties whose income exceeds the maximum amount not chargeable to tax. 139(4C) Scientific Research Associations Hospitals Funds Educational Institutions or Universities Associations or Institutions mentioned in Section 10(23A) News Agencies Institutions referred to in Section 10(23B) 139(4D) Every college, university, or association is not required to furnish details of the return of income or loss under any other provision of this section. 139(4E) Business trusts return filing income. 139(4F) Investment funds referred to in section 115UB. If you need clarification regarding your eligibility, get in touch with our experts at https://www.karrtax.in/ . Who Is Not Required To File ITR-7 Return Entities who are not claiming exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C), or Section 139 (4D). Last Date for Filing ITR-7 Form The deadline for submitting the ITR-7 Form varies based on whether the taxpayer's accounts require an audit. It's advisable for taxpayers to stay informed about any updates or changes in the filing deadlines to avoid any potential penalties or consequences. Structure of ITR-7 Form Part-A: General Information about the trust or institution Part-B: Outline of Total Income and Tax Computation Procedure To File ITR 7 Returns The sequence below should be followed properly to file an ITR-7 return. Part A Part B Schedules Verification Now, there are two different ways to furnish the information as specified by the Income Tax Department of India. ITR-7 can be filed electronically using a digital signature certificate for authentication or through various other modes such as aadhar OTP, bank EVC etc. After electronically transmitting the return, the taxpayer must submit the return verification in the ITR-V Return Form & print its copies. Then, one copy of the signed ITR V Form should be sent via speed post to the following address: Bag No.1, Electronic City Office, Bengaluru - 560100 (Karnataka) The assessee should retain the other copy of the signed ITR V Form for their records. E-filing Audit Reports If the taxpayer is subject to audit under section 11 or 44AB or any other laws such as Trust Act/Societies Act, details of the audit reports and the date of furnishing should be submitted to the income tax department under "Audit Information." No Annexures Required No additional documents are required to be attached while filing the ITR 7 Form. (including TDS certificate) Pro Tip: It is very important to cross-verify taxes deducted or collected according to your Tax Credit Statement (Form 26AS) Verification of Form ITR-7 Step-by-step procedure to fill out the verification document. Complete all required information. Carefully strike out any sections or details that do not apply to your specific filing. Ensure that the verification document is signed before submitting the return. Choose the appropriate designation or capacity of the return signing person. For political parties, the CEO or secretary is obligated to verify the return using a Digital Signature Certificate (DSC). Other individuals have the following verification options: Digital Signature Certificate (DSC) Electronic Verification Code (EVC) Mode Physical Verification (ITR-V) How Can Karr Tax Help You With ITR-7 Return Filing? ●Specialization in ITR-7 Filings Trusts, political parties, institutions, and colleges present unique challenges regarding income sources, exemptions, and reporting structures. That’s why our experts specialize in handling ITR-7 return filings and ensure a thorough understanding of the complexities associated with different form categories. ●Dedicated Audit Support The platform offers dedicated support for the audit process, a crucial aspect for entities required to file ITR-7. This includes collaboration with experienced auditors to ensure compliance with audit provisions under section 11 or 44AB of the Income Tax Act. ●User-Friendly Interface Our platform is designed to provide a seamless experience, guiding users through each step of the filing process. This makes it accessible even for those without an in-depth understanding of tax laws. ●Regular Updates on Tax Regulation s Karr Tax keeps clients informed about the latest changes in tax regulations and ensures that their filing processes are aligned with the most up-to-date guidelines. We frequently post blog posts regarding law changes, so keep an eye on https://www.karrtax.in/articles . ●Secure Data Handling Security is our top-most priority. Our platform employs robust security measures to safeguard sensitive financial information, providing clients with the assurance that their data is handled with the utmost confidentiality. ●Prompt Response to Notices In case of any notices or inquiries from tax authorities , Karr Tax ensures prompt responses. The platform assists clients in understanding and addressing any issues raised by tax authorities, facilitating a smoother resolution process. FAQs (Frequently Asked Questions) 1. What is ITR-7? ITR-7 is the Income Tax Return form specifically designed for persons or entities such as Trusts/Societies/Educational Institutions/schools/Colleges/Political Parties, including companies falling under Section 139(4A), 139(4B), 139(4C), 139(4D), 139(4E), and 139(4F) of the Income Tax Act, 1961. 2. How to calculate income for filing ITR-7? The income for ITR-7 is computed by aggregating income from all sources, including Salary, House property, Business or profession, Capital gains , and Other sources . Deductions under various sections are then applied to determine the taxable income. 3. Is it required to furnish information regarding any project or institution run by the assessee? Yes, filling in all the required information about the project or institutions run by the assessee is necessary. This includes: Name, Nature of the activity, Approval of the school, college, university, hospital, or research institution, Details of registration/ provisional registration. 4. What is the penalty for not filing ITR-7 on time? If ITR-7 is not filed within the due date, a penalty under section 234F may be applicable. The penalty amount varies based on the delay in filing. 5. Can ITR-7 be filed in response to a notice or order? Yes, ITR-7 can be filed in response to a notice or order issued by the income tax authorities. When filing in response to a notice or order, taxpayers should provide specific details. This includes entering the Document Identification Number (DIN) or Unique number and the date of the relevant statutory notice. 6. Can Karr Tax help me determine my eligibility for ITR-7 return filing? Yes, our tax experts are here to help you round the clock with all your queries. Write us here: https://www.karrtax.in/ and we will get back to you as soon as possible. 7.How Form 26AS is related to ITR-7? Form 26AS is a comprehensive tax credit statement that offers a consolidated view of the taxes deducted at source (TDS ), taxes collected at source (TCS), and advance tax payments made on behalf of the taxpayer during a specific financial year. It ensures that the information reported in ITR-7 aligns with the data recorded by tax authorities ITR-7 डाउनलोड करा

Learn the process of TAN registration to get a Tax Deduction and Collection Account Number for smooth tax deduction and collection procedures. टॅन [कर सवलत खाते क्रमांक] नोंदणी ₹399 Apply for TAN online Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started टॅन काय आहे? टॅक्स कपात किंवा संग्रह खाते क्रमांक टीएएन म्हणून देखील ओळखला जातो जो आयकर कायद्यातील कलम 203 ए कर वजा करण्यास किंवा वसुलीसाठी जबाबदार असणा persons्या सर्व व्यक्तींकडून प्राप्त केला जाऊ शकतो. اور टीएएन एक 10 अंकी अल्फान्युमेरिक नंबर आहे जो आयकर विभागाने फॉर्म 49 बी मध्ये अर्ज भरल्यानंतर प्रदान केला आहे. اور टॅन कसा लागू केला जाऊ शकतो? اور टॅनचे अर्ज www.tin-nsdl.com वर ऑनलाईन सबमिट केले जाऊ शकतात किंवा एनएसडीएलच्या टिन सुविधा केंद्रांवर [टीआयएन एफसी] देखील फॉर्म सादर केला जाऊ शकतो. اور اور टीडीएस रिटर्न भरण्यासाठी किंवा चालान दाखल करण्यासाठी टॅन अनिवार्य आहे का? اور फॉर्म २Q क्यू, २Q क्यू, २Q क्यू, २E ईक्यू इत्यादी विविध टीडीएस परतावा भरताना टीएएनचा उल्लेख करणे अनिवार्य आहे. اور तसेच टीडीएस नंबरशिवाय टीडीएस भरणा करता येणार नाही. पेमेंट करण्यासाठी चालानात टीएएन असणे आवश्यक आहे. اور टीएएन अर्ज भरण्यासाठी आवश्यक कागदपत्रे काय आहेत? اور सध्या, टीएएन अर्जाशी कोणतीही कागदपत्रे जोडण्याची आवश्यकता नाही. अर्जदाराचे वैयक्तिक तपशील जसे की नाव, पत्ता, पॅन, मोबाइल आणि ई-मेल आयडी इत्यादी आवश्यक असतात. फॉर्मवर अर्जदाराची शारीरिक स्वाक्षरी असणे आवश्यक आहे. ऑनलाईन अर्जाच्या बाबतीतही फॉर्म ऑनलाईन भरल्यानंतर व भरल्यानंतर मुद्रित फॉर्मवर स्वाक्षरी करुन पुणे येथील टीआयएन केंद्रात जमा करावे. हे पोस्ट किंवा कुरिअरद्वारे पाठविले जाऊ शकते. اور सामान्यत: किती दिवस टीएएन दिले जाते? अर्ज पूर्ण झाल्यास, अर्ज सादर केल्यापासून 10 दिवसांच्या आत सामान्यत: टीएएन देण्यात येतो. टॅन अर्जाची स्थिती www.tin-nsdl.com वर देखील तपासली जाऊ शकते. टॅन भरण्यासाठी फी आहे का? اور सरकार टीएएन अर्जासाठी फी रू ..6 / / - आहे. तथापि, आपण आमच्या सेवांचा लाभ घेऊ इच्छित असल्यास आमचे शुल्क रू .399 / - असेल. टीएएनचे तपशील दुरुस्त करता येतील काय? होय एक टॅन दुरुस्ती फॉर्म देखील आहे जो टीएएन मध्ये तपशील बदलण्यासाठी दाखल केला जाऊ शकतो (त्यात काही त्रुटी असल्यास त्या दुरुस्त करायच्या आहेत) اور TAN Registration TAN is required for quoting while filing TDS/TCS/Annual Information Returns, payment challans, and certificates. If this ten-digit alphanumeric number is not quoted, TIN facilitation centers will not accept the filed returns. In this article, we will explain, How to know the TAN number TAN registration process at TRACES and Income Tax. How To Know the TAN Number? TAN number is issued by the Income Tax Department of India to all individuals collecting or deducting tax. It is necessary to quote TAN on all TDS or TCS returns under section 203A of the Income Tax Act, 1961. Below is a step-by-step guide on how you can know your TAN number! Prerequisites: Registered mobile number Deductor TAN or Deductor Name Deductor State Visit the official Income Tax website , and under quick links, click on the “Know Your TAN” option. 2. Then, the below screen will appear, where you are required to enter all the mandatory details. After mentioning all the details, click on “Continue”. 3. Finally, an OTP will be sent to your mobile number which you are required to enter and click on the “validate” button. 4. Once the OTP validation is completed, all the TAN details will be shown. Step-by-Step Guide on Registering TAN on the TRACES Portal Open the official TRACES portal and click on the “Continue” button. 2. On the title bar, click on deductor, and then “Register as New user.” 3. The below screen will appear; here, you have to enter TAN details as per details from "Know Your Tan." Then, click on “Proceed.” 4. After the successful confirmation, an activation link will be sent to your mail along with two different activation codes to the registered mail id and mobile number. 5. Open the activation link and enter the User ID + both Activation Codes. 6. Click on the activation link within 48 hours; otherwise, it will get deactivated, and you’ll be required to register again. Finally, the TAN registration process is completed, and deductors can now log in through their user ID and password generated. Step-by-Step Guide on Registering TAN on The Income Tax Portal Prerequisites For TAN Registration Active and valid TAN PAN of the principal contact (registered on the IT portal) Visit the official income tax e-filing portal and click on “Register.” 2. After clicking "Register," you'll be prompted to select your category. Choose "Others" from the options provided. Then, under the category dropdown menu, select "Tax Deductor and Collector." 3. Enter your TAN number in the designated field and click on the "Validate" button. 4. Depending on your TAN's status, you'll encounter different situations: Situation I) If your TAN is already registered on the TRACES website and a request for registration on the e-filing portal is made, simply click on "Continue" to view the pre-filled details. Double-check all the details and click on ‘Continue’. Situation II) If your TAN is not registered on TRACES and the request for registration on the e-filing portal has not been made, you must register on TRACES first (as explained above). Upon successful registration, you'll be directed back to the e-filing portal. Fill in your basic details and click on "Continue." Situation III) If the TAN is already available in the database and the registration request is previously raised and pending for approval. In such a situation, an error message will appear, and you can withdraw the process. 5. Enter all details of the individual collecting tax or making payments, and click Continue. 6. Fill in all the contact details, such as postal address, registered mobile number, and email ID. Click on "Continue" to proceed. 7. Now, two different OTPs will be sent to both the primary mobile number and email ID. Enter both of them and click “Continue.” 8. Review all the details. If any corrections are necessary, you can edit them in this step. Then click ‘Confirm.’ 9. Finally, you'll need to set a password for your e-filing account. Enter in both the "Set Password" and "Confirm Password" text boxes. Upon successful registration, you'll receive a confirmation message along with a transaction ID. Make sure to keep a note of this transaction ID for future reference. How Can KarrTax Help You With TAN Registration? At KarrTax, our experts will get our TAN registration done smoothly and without any headaches. Most importantly, we want to keep it affordable for businesses of all sizes; that’s why we charge a bare minimum amount, i.e., ₹399. On average, the process completion will take 1 to 2 business days. With KarrTax, you can be sure your TAN registration is done right. So, what are you waiting for? Get started here . Frequently Asked Questions (FAQs) 1.What is TRACES, and who is eligible to register on this platform? TRACES is the Income Tax Department’s web portal, particularly used for TDS administration. The following entities can register on this platform. Deductor Taxpayer PAO 2.What are the charges for your TAN registration process? Our TAN registration process charges are ₹399. Click here to start the procedure. 3.What is the purpose of TAN registration? TAN registration facilitates the deduction or collection of tax at source as per the provisions of the Income Tax Act. It helps in identifying deductors/collectors, tracking tax-related transactions, and ensuring compliance with tax laws. 4.How long does it take to get a TAN after applying? The processing time for TAN registration can vary. Usually, it takes 7-10 working days for TAN allotment by NSDL. However, the timeline may vary according to several factors, such as processing time, etc. 5.Is it mandatory to quote TAN on tax-related documents? Yes, it is mandatory to quote TAN on all tax-related documents, including TDS/TCS returns, challans, and certificates issued to deductees/collectees. Failure to do so may attract penalties under the tax laws. 6.What documents are required for TAN registration? Below are the required documents for TAN registration. Aadhar card PAN card Electricity bill of the individual or company Registration certificates 7.Is it possible to track the status of my TAN application? Absolutely, yes! Use your 14-digit unique acknowledgement number and send an SMS - NSDLTAN to 57575 or contact the TAN call centre at 020 – 27218080. फॉर्म 49 बी

Find the benefits of Updated Return Filing in this comprehensive guide to rectify errors and make adjustments. अद्ययावत RETURNS दाखल करण्यासाठी किंमत ITR - 1 & 4 ITR - 2 ITR - 3 ITR - 5 & 6 रु. ९९९ फाइलिंगनंतर पेमेंट सुरु करूया रु. 1199 फाइलिंगनंतर पेमेंट सुरु करूया 1999 रु. फाइलिंगनंतर पेमेंट सुरु करूया रु. ३९९९ फाइलिंगनंतर पेमेंट सुरु करूया Updated Return Filing Under section 139(8A) of the Income Tax Act, a new filing form, i.e., ITR-U, has been announced. This concept was announced in the Union Budget and became effective from 1st April 2022. Here is everything that this form entails! अपडेटेड आयटीआर काय आहे वित्त कायदा, 2022 ने प्राप्तिकर कायदा, 1961 मध्ये एक नवीन कलम 139(8A) समाविष्ट केले आहे जे मागील दोन वर्षांसाठी अद्ययावत रिटर्न भरण्याची संधी देते म्हणजेच आता करदाते सध्याच्या सहाय्यकांसह मागील तीन वर्षांचा ITR दाखल करू शकतात. वर्ष. अद्ययावत रिटर्न म्हणजे आधी दाखल केलेल्या रिटर्नमधील चुका किंवा चुकांना दुरुस्त करण्याची संधी आहे किंवा यापूर्वी कोणतेही रिटर्न दाखल केले नसल्यास, अद्यतनित आयटीआर देखील दाखल केला जाऊ शकतो. तथापि अद्यतनित रिटर्नमधील मूळ वस्तुस्थिती अशी आहे की उत्पन्न कमी केले जाऊ शकत नाही किंवा कोणत्याही परताव्यावर दावा केला जाऊ शकत नाही. तसेच कर दायित्व असल्यास, ज्या कालावधीत अद्ययावत erturn दाखल केले जाते त्यानुसार 25% किंवा 50% अतिरिक्त कर भरण्याची तरतूद आहे. अद्ययावत रिटर्न आधीच्या दोन वर्षांसाठी म्हणजे चालू F.Yr.2022-23 मध्ये दाखल केले जाऊ शकते, A.Yr.2020-21 आणि A.Yr.2021-22 साठी अपडेट केलेले ITR दाखल केले जाऊ शकते. A.Yr. 2022-23 साधारणपणे डिसेंबर 2022 पर्यंत दाखल केले जाऊ शकते. त्यामुळे आता तीन वर्षांचा ITR दाखल करण्याची संधी आहे जी पूर्वी शक्य नव्हती. तथापि हे काही अटी आणि किंमतीसह येते ज्याची आपण पुढील पॅरामध्ये चर्चा करत आहोत. WHOफाइल करू शकता अद्ययावत परतावा? कोणताही करदाता अपडेटेड रिटर्न भरू शकतो. मूळ रिटर्न पूर्वी भरले असले तरीही अपडेटेड रिटर्न भरता येते. अन्यथा, म्हणजे जर तुम्ही आधी आयकर रिटर्न भरणे चुकवले असेल, तर अपडेटेड रिटर्न देखील भरता येईल. WHOफाइल करू शकत नाही अद्ययावत परतावा? बरं, अपडेटेड रिटर्न भरण्यासाठी काही अटी आहेत. ते प्रत्येक परिस्थितीत दाखल केले जाऊ शकत नाही. खालील अटींनुसार, अद्ययावत रिटर्न दाखल केले जाऊ शकत नाही: (a) परतावा तोट्याचा असल्यास, कोणतेही अद्यतनित रिटर्न दाखल करता येणार नाही (b) जर तुम्ही आधी ITR दाखल केला असेल आणि कर दायित्व कमी करायचे असेल, तर अपडेटेड रिटर्न भरता येणार नाही (c) जर परतावा असेल आणि तुम्हाला मूळ रिटर्नद्वारे आधीच दावा केलेला परतावा वाढवायचा असेल, तर कोणतेही अपडेटेड रिटर्न भरता येणार नाही. What Is The Last Date to File the ITR-U? अद्ययावत रिटर्न दाखल केले जाऊ शकत नाहीत अशा इतर परिस्थिती: खालील परिस्थितीत देखील, कोणतेही अद्यतनित रिटर्न दाखल केले जाऊ शकत नाही: (a) जेथे कलम 132 अन्वये शोध घेण्यात आला असेल किंवा कोणत्याही व्यक्तीच्या बाबतीत 132A अन्वये लेखांची पुस्तके किंवा इतर कागदपत्रे मागवली गेली असतील (b) अशा व्यक्तीच्या बाबतीत 133A अंतर्गत सर्वेक्षण करण्यात आले आहे (c) 132 किंवा 132A अन्वये नोटीस जारी करण्यात आली आहे की जप्त केलेले कोणतेही पैसे, सराफा, दागिने किंवा मौल्यवान वस्तू अशा व्यक्तीच्या मालकीची आहे. (d) 132 किंवा 132A अन्वये नोटीस जारी करण्यात आली आहे की इतर व्यक्तींच्या बाबतीत जप्त करण्यात आलेली हिशोबाची पुस्तके किंवा इतर कागदपत्रे अशा व्यक्तीची आहेत. वरील सर्व परिस्थितींमध्ये, संबंधित सहाय्यक. मागील वर्षाशी संबंधित वर्ष ज्यामध्ये शोध, सर्वेक्षण इ. कव्हर केले जाईल. (ई) अद्ययावत रिटर्न सुधारित केले जाऊ शकत नाही म्हणजे तुम्ही अपडेट केलेले रिटर्न एकदा भरल्यानंतर ते पुन्हा दाखल करू शकत नाही. (f) जेव्हा कोणतेही मूल्यांकन, पुनर्मूल्यांकन, पुनरावृत्ती प्रक्रिया इत्यादी प्रलंबित असतील किंवा कोणत्याही व्यक्तीच्या बाबतीत पूर्ण झाल्या असतील, तेव्हा कोणतेही अद्यतनित ITR दाखल करता येणार नाही. (g) मुल्यांकन अधिकार्याकडे स्मगलर्स आणि फॉरेन एक्स्चेंज मॅनिपुलेटर्स (मालमत्ता जप्ती) कायदा, 1976 (13 चा 1976) किंवा बेनामी मालमत्ता व्यवहार प्रतिबंध कायदा, 1988 (1988 चा 45) किंवा प्रतिबंधक अंतर्गत कोणत्याही व्यक्तीविरुद्ध कोणतीही माहिती असल्यास मनी-लाँडरिंग कायदा, 2002 (2003 चा 15) किंवा काळा पैसा (अघोषित परकीय उत्पन्न आणि मालमत्ता) आणि कर कायदा, 2015 (2015 चा 22) लादणे आणि अशी माहिती त्याला कळविण्यात आली आहे, नंतर कोणतेही अद्यतनित आयटीआर देखील केले जाऊ शकत नाही. दाखल (h) व्यक्तीविरुद्ध कोणतीही खटला चालवली गेली आहे आणि ती त्याला कळवली गेली आहे, नंतर देखील अद्यतनित ITR दाखल करता येणार नाही. How Tax Is Calculated When Filing ITR-U Here is the simple procedure to calculate income tax on an updated return. Total Income Tax Liability = Tax Payable + Fees Payable (if any) + Interest + Additional Tax Tax Liability of above total income - TDS/TCS /Advance Tax /Tax Relief etc = Net Tax Liability. Short Brief Procedure For E-filing of ITR-U Follow the below steps to file an updated ITR. Go to the official Income Tax e-filing website . Add below details in Part I of Form ITR-U: PAN and Aadhaar Number Assessment Year for which the updated ITR is being filed. Clearly state the reason for filing the updated ITR return. In the second part, add details of the Head of Income under which additional income is declared in the Updated Return. In the final part, provide comprehensive details on tax payments corresponding to the updated return. Below is a representation of what this ITR form looks like. ITR-U Verification Methods Two methods are used to verify updated returns,i.e., ITR-U. For Non-Tax Audit Cases: Electronic Verification Code (EVC) For Tax-Audit Cases: Digital Signature Certificate (DSC) Frequently Asked Questions (FAQs) 1.Can I claim the refund by filin g ITR-U? No, refund claiming, filing of nil returns, or submitting loss returns are not permissible through ITR-U. Therefore, claiming a refund through this form is not allowed. 2.Is changing the ITR form number during the updated return filing possible? Yes, you can change the ITR form number. Let’s say you have initially filed ITR-4 for a particular assessment year, and now you want to use the ITR-1 /2 /3 ; it is allowed to do so. 3.Can I file two ITR-Us for the same financial year? The taxpayer can only file one Updated Return to correct any mistakes or add new information to the original return. 4.What is the due date to file an ITR-U for a respective assessment year (such as AY 2023-24)? The time limit for filing an Updated Return is 24 months from the end of the relevant Assessment Year. For the Assessment Year 2023-24, the due date to submit an Updated Return using Form ITR-U is 31st March 2026, two years from the conclusion of 31st March 2024. 5.Can I file ITR-U if I do not have any tax payable? No, if your total tax liability is adjusted with TDS credit and you do not have any additional tax liability, filing an Updated ITR is not applicable. 6.What Is Form ITR-U? Form ITR-U allows individuals to revise their prior tax submissions within 24 months of filing. It aims to enhance tax compliance among taxpayers while minimizing the need for legal interventions.

Online GST registration services in India to get your business registered with a GSTIN number and be legally recognized as a supplier of goods or services. GST Registration: Price List जीएसटी नोंदणी सेवा तू निवड कर मानक اور जीएसटी ऑनलाईन नोंदणी लागू करते रु. 1199 आता प्रारंभ करा GST Registration: FAQ जीएसटी नोंदणी प्रावधान What Is GST Registration? The historic reform in the country's taxation system, GST (Goods & Services Tax), was introduced in India on July 1, 2017. GST was founded on the principle of “one nation, one market, one tax.” It aimed to simplify the complex tax structure and bring a unified tax regime. Further, GST is a value-added tax that is charged on the goods and services supplied at each stage of production or distribution. Now comes What is GST registration? When a business's annual turnover surpasses a specific number (such as Rs. 40 lakh, 20 lakh, or 10 lakh), the business owner must complete the registration process under GST. This registration is commonly referred to as GST registration. It's not just a choice; It's a legal obligation Engaging in commercial activities without proper GST registration can be considered a violation of the law. In essence, this step is essential for both legal compliance and the smooth functioning of the taxation system. Benefits of GST Registration Input Tax Credit One of the significant benefits of GST registration is the ability to claim Input Tax Credit (ITC ). Businesses can offset the GST paid on inputs and purchases against the GST collected on sales. This helps reduce the overall tax liability and eliminates the cascading effect of taxes, making goods and services more affordable. Availability of Composition Scheme For small businesses with a turnover below a certain threshold, GST offers a composition scheme. This simplifies compliance requirements and allows for paying taxes at a lower rate. National Presence A unified tax system called the “GST replaces various state and federal taxes. With GST registration, businesses can operate seamlessly across state boundaries hassle-free. Compliance and Transparency GST registration necessitates maintaining proper books of accounts and filing regular GST returns. This promotes financial transparency and ensures businesses adhere to tax regulations, reducing the likelihood of tax evasion. Regulation of Unorganized Sectors Brings accountability and regulation to previously unorganized industries through online compliance and payment systems. Reduces Corruption and Sales Without Receipts It aims to reduce corruption and unreported sales by promoting transparency and compliance. Who Is Eligible For GST Registration? The following categories of entities are typically eligible for GST registration. Let’s have a look! Mandatory Registration: Every supplier must register under GST if they make taxable supplies of goods or services or both above prescribed threshold. For most states and union territories, this registration threshold is applicable if the supplier's turnover in a financial year exceeds 20 lakh rupees. However, if a person makes taxable supplies in special category states, they must register if their turnover in a financial year surpasses 10 lakh rupees. The government has the authority to increase the turnover thresholds based on recommendations from the GST Council. (subject to certain conditions) Special Provisions for Goods Suppliers: Suppliers engaged exclusively in the supply of goods can have an increased turnover threshold of up to 40 lakh rupees if approved by the government. (This is also subjected to specific conditions and limitations) In Case of Business Transfer or Succession Suppliers engaged solely in the supply of goods can have an increased turnover threshold of up to 40 lakh rupees if approved by the government. (This is also subjected to specific conditions and limitations) Transition for Existing Registrants Individuals or businesses registered under tax services before the introduction of the GST. जीएसटी नोंदणीसाठी थ्रेशोल्डची सध्याची मर्यादा दोन्ही वस्तू व सेवांसाठी दहा लाख रुपयांची उंबरठा मर्यादा असलेली राज्ये आहेतः اور मणिपूर, मिझोरम, नागालँड आणि त्रिपुरा اور वस्तू व सेवा दोन्हीसाठी २० लाख रुपयांची उंबरठा मर्यादा असलेले राज्यः اور अरुणाचल प्रदेश, मेघालय, सिक्कीम, उत्तराखंड, पांडिचेरी आणि तेलंगणा اور रु. 20 लाख सेवेसाठी आणि 40 लाख वस्तूंसाठीः اور जम्मू आणि काश्मीर, आसाम, हिमाचल प्रदेश आणि इतर सर्व राज्ये اور जीएसटी नोंदणीसाठी एकत्रित उलाढालीची गणना कशी करावी जीएसटी नोंदणीच्या उद्देशाने एकत्रित उलाढाल म्हणजे सर्व करपात्र पुरवठ्यांचे एकूण मूल्य (प्रतिवर्तीच्या आधारावर एखाद्या व्यक्तीद्वारे कर देय असलेल्या आवक पुरवठ्याचे मूल्य वगळता), सूट पुरवठा, वस्तू किंवा सेवांची निर्यात किंवा दोन्ही आणि आंतर- अखंड भारतीय तत्त्वावर गणले जाण्यासाठी समान स्थायी खाते क्रमांक असलेल्या व्यक्तींचा राज्य पुरवठा, परंतु केंद्रीय कर, राज्य कर, केंद्रशासित प्रदेश कर, एकात्मिक कर आणि उपकर वगळता Entities Exempted From GST Registration Reverse Charge: Manufacturers subject to reverse charge mechanism. Non-Supply Activities: Sale of real estate, funeral services, employee services. Non-GST/Non-Taxable Supplies: Aviation fuel, electricity, natural gas, diesel, petrol. Exempt/Nil-Rated Supplies: Businesses with exempt or nil-rated GST supplies. Threshold Exemption: Businesses below the GST threshold limit. Agriculturists: Farmers exempt from GST. Different Types of GST Registration Normal Taxpayer Applicable to regular businesses with annual turnovers exceeding the prescribed threshold. (as discussed above) They must file regular GST returns and comply with standard GST rules and procedures. Normal taxpayers can claim input tax credits on GST for purchases and inputs. Composition Registration Available to small businesses with a turnover below a certain threshold. (limits may vary by country) Businesses under this scheme pay GST at a fixed, lower rate on their turnover. They cannot claim input tax credits and are subject to simplified compliance requirements. Typically, businesses under the composition scheme file quarterly returns. Casual Taxable Registration Applicable to individuals or businesses that engage in occasional or seasonal transactions, often across state boundaries. This GST registration lasts 3 months and can be extended or renewed. That’s why entities must file returns for the duration of their business activities and pay GST accordingly. Non-Resident Taxable Registration Non-resident taxable registration applies to individuals or businesses outside India and engages in the supply of goods to individuals within India. This type requires you to provide a deposit equal to the expected GST liability during registration. Required Documents for GST Registration The necessary documents for GST registration can vary depending on the type of business entity. Here are the typical document requirements for GST registration, categorized by the type of business. For Individuals and Sole Proprietors PAN Card Aadhaar Card Owner’s Photograph Address Proof Bank Account Details For Partnership Firms PAN Card of the partnership firm Aadhaar Card of all partners Passport-sized photographs of all partners Partnership deed copy Documents establishing the business premises and a no-objection certificate (NOC) from the property owner. Bank Account Proof In the case of LLP, registration certificate/LLP Board resolution is required For detailed information on the required documents, please refer: https://www.karrtax.in/post/gst-registration-documents-and-information-required Online GST Registration Procedure Below is a summary of the key steps for online GST registration: Step 1: Start by visiting the official GST portal at www.gst.gov.in . To sign in, create a username and password. Step 2: After logging in, click on "New User Login" and accept the displayed declaration form. Click "Continue" to proceed. Step 3: Choose "New Registration" and log in to initiate the GST registration process. Step 4: Complete the required fields on the GST portal, including Select "Taxpayer" from the drop-down menu. Choose your state and district. Provide business details, including the name and PAN card number . Enter email ID and mobile number (for receiving OTPs). Complete the captcha and click "Proceed." Step 5: Enter the OTP sent to your registered email ID and mobile number. Step 6: After entering the OTP, click "Proceed." Step 7: You will receive a Temporary Reference Number (TRN) on the screen. Save this TRN for future use. It is required to access PART-B of the GST registration and log into the application. Step 8: Return to the GST portal and click "Register" under the "Taxpayers" menu. Step 9 : Select "Temporary Reference Number (TRN)" and enter the TRN and captcha details. Step 10: Once captcha details are entered, click "Proceed." Step 11: Your registered email address and mobile number will receive an OTP. Enter this and click "Proceed." Step 12: Check the status of your application on the next page. If needed, click the "Edit" icon on the right side of the page to make corrections. Step 13: On the next page, complete various sections by providing the required details and uploading the necessary documents. Step 14: Review the declaration on the "Verification" page before applying. You can submit the application using one of the following methods: Electronic Verification Code (EVC) e-Sign method Digital Signature Certificate (DSC) for companies Step 15 : A confirmation message will be displayed after successful completion. You will receive an Application Reference Number (ARN) on your registered mobile number and email ID. Step 16: Verify the status of the ARN on the GST portal. Validity of GST Registration Certificate A GST registration certificate's validity varies depending on the taxpayer's type and specific circumstances. Below is a summary of the typical validity periods: Regular Taxpayer For a regular taxpayer, the GST registration certificate remains valid indefinitely unless it is canceled by the GST authority or voluntarily surrendered by the taxpayer. Casual and Non-Resident Taxable Persons In the case of certificates issued to casual taxpayers or non-resident Indian (NRI) taxpayers, the validity is generally limited to 90 days from the registration date or for the period specified in the registration application, whichever is earlier. However, it's important to note that the appropriate authorities can extend the validity period under Section 27(1) of the GST Act if required. How Can You Get the GST Registration Certificate Online? Here's a step-by-step guide on downloading the GST Registration Certificate from the GST portal. Step1. Visit the GST Portal: Visit the official GST portal at https://www.gst.gov.in . Step2. Log In: Use the username and password you made during registration to log in to your GST account. Additionally, correctly enter the captcha displayed on the screen. Then, click the login button. Step3. Access User Services: Once successfully logged in, you'll be directed to a new page. Look for the "Services" option on the page and select it. Step4. Navigate to "User Services": In the drop-down menu under "Services," choose "User services" from the available options. Step5. Select "View/Download Certificates": Within the "User services" section, locate and select "View/Download Certificates" from the list of options. Step6. Download the Certificate: When you click "View/Download Certificates," the GST registration certificate will automatically start downloading to your device. This certificate contains your GSTIN and other relevant details. Step7 . Save and Print: Once the download is complete, save the certificate to a secure location on your computer. It's a good practice to take a printout of this downloaded certificate. Step8. Display Prominently: Display the printed GST registration certificate at your business premises as proof of your valid GST registration. जीएसटी नोंदणीमधील बदल / जीएसटी नोंदणीमधील बदल नोंदणीच्या काही मूलभूत क्षेत्रात बदल करण्यासाठी, जीएसटी पोर्टलद्वारे बदल झाल्याच्या 15 दिवसांच्या आत योग्य अर्ज करावा लागेल. योग्य अधिकारी पुढील 15 दिवसांच्या दुरुस्तीस मान्यता देतील. नॉन-कोअर फील्डमध्ये बदल झाल्यास पोर्टलद्वारेच हे करता येते आणि अधिका of्यांची मान्यता घेण्याची गरज नसते. Cancellation & Revocation of GST Registration What Is the Cancellation of GST Registration? Canceling GST registration refers to discontinuing or terminating a business's GST registration with the tax authorities. Below is a breakdown of what it entails. Voluntary Cancellation: A registered person or business can apply for voluntary cancellation of their GST registration. They might do this for several reasons, including: Ceasing business operations. Change in business structure or ownership No longer meeting the threshold for GST registration. Mandatory Cancellation: In certain situations, tax authorities may initiate the cancellation of a business's GST registration. Common reasons for mandatory cancellation include if the business: Is not actively engaged in any business activities. Has not filed GST returns for a specified period. Is not conducting operations from the registered place of business. What Is the Revocation of GST Registration? The revocation of GST registration refers to the process of reinstating or reversing the cancellation of a GST registration previously canceled by the tax authorities. Any entity can apply for the revocation of GST registration cancellation if they meet certain criteria. This can vary by jurisdiction, but common reasons for revocation eligibility may include: Rectifying issues that led to the cancellation (e.g., filing overdue returns, payment of outstanding tax dues). Providing evidence that the business is actively engaged in taxable supplies and is in compliance with GST regulations. Procedure For The Revocation of GST Registration Any entity can apply for revocation using Form GST REG-21. This application is filed electronically at the Common Portal and must be submitted within 30 days of receiving the cancellation order. The authority will review the application. If satisfied with the reasons provided by the applicant, they can issue an order in Form GST REG-22 to revoke the cancellation of registration. But if the authority is unsatisfied with the application, they can also reject it by issuing an order in Form GST REG-05. Before rejecting the application, the proper officer must issue the applicant a show-cause notice in Form GST REG-23. This notice lets the applicant explain why their revocation application should not be rejected. The applicant must respond to this notice within 7 working days from the date of its service. Lastly, the authority will consider the applicant's response and decide on the revocation of GST registration. This will be done within 30 days of the clarification in Form GST REG-24. How KarrTax Can Help You With GST Registration? At KarrTax, we understand that dealing with GST registration can be tricky. That's why we're here to make it simple for you. We connect you with experts who know their stuff, and our clients love how we make things easy for them. You can keep track of your GST registration progress on our user-friendly platform. If you have questions or need help with GST registration, our tax experts are just a call or text away. Here's the full procedure of how we will assist you with GST Registration: Purchase a Plan for Expert Assistance: Choose a plan that suits your GST registration needs. Add Queries Regarding GST Registration: Do not hesitate to ask queries or seek clarification on the process. Provide Documents to KarrTax Expert: Share the necessary documents with our experts. Prepare Application for GST Registration: Our experts will meticulously prepare your GST registration application, ensuring that all admissibility criteria are met during the preliminary screening. Complete Procedural Actions: We will guide you through every registration process step and ensure all formalities are followed. Get your GST Registration at your Doorstep: Once the process is completed, you'll receive your GST registration without any hassle. जीएसटी नोंदणीसाठी प्रभाग कसा शोधायचा किंवा आपला कार्यकक्ष जाणून घ्या आपण जीएसटी नोंदणीसाठी अर्ज करत असल्यास, आपल्याला ऑनलाइन फॉर्म भरण्याची आवश्यकता असलेल्यांपैकी एक म्हणजे जीएसटी कार्यक्षेत्रातील प्रभाग ज्या अंतर्गत आपला व्यवसाय परिसर पडत आहे. اور जीएसटी नोंदणीसाठी प्रभाग शोधण्यासाठी कृपया cbic-gst.gov.in वर भेट द्या. मुख्य मेनूमध्ये आपल्याला सेवा मेनू आढळेल. त्याच क्लिक केल्यावर, आपले कार्यक्षेत्र उप-मेनू उपलब्ध असेल हे जाणून घ्या. त्यावर क्लिक केल्यावर, राज्य निवडले जाईल आणि त्यानंतर झोन आणि आयुक्तालय दिसेल. कृपया आपले कार्यक्षेत्र आयुक्त निवडा. त्याअंतर्गत विभाग दिसेल. आपला विभाग निवडताना, जीएसटी श्रेणी त्या अधिकार क्षेत्राच्या अंतर्गत असलेल्या पत्त्याच्या क्षेत्रासह दिसून येईल. اور जीएसटी नोंदणीच्या उद्देशाने ती श्रेणी प्रभाग / अधिकारक्षेत्र असेल. اور आपला वॉर्ड शोधण्यासाठी येथे क्लिक करा اور जीएसटी नोंदणी प्रमाणपत्रात दुरुस्ती कशी करावी एकदा जीएसटी नोंदणी मंजूर झाल्यावर असे प्रसंग आहेत जेव्हा मोबाइल नंबर, ईमेल आयडी, पत्त्यात बदल, व्यवसायाच्या तपशिलात बदल इत्यादी वेगवेगळ्या परिस्थितीमुळे नोंदणीकृत करदात्यांनी प्रमाणपत्रात दाखल केलेल्या तपशीलात सुधारणा करण्याची आवश्यकता असते. اور जीएसटी नोंदणीत दोन प्रकारच्या दुरुस्त्यांना परवानगी आहे, त्याप्रमाणे त्यांचे गट केले गेले आहेत اور 1. नॉन-कोर फील्डमध्ये दुरुस्ती 2. कोअर फील्डमध्ये दुरुस्ती اور कोअर फील्ड्स काय आहेत: اور नोंदणी खालील फील्ड्स कोर फील्ड मानली जातात. (१) व्यवसायाचे नाव (२) भागधारक वगैरे भागधारकांची भर घालणे / हटविणे. ()) मुख्य किंवा व्यवसायातील अतिरिक्त ठिकाणी बदल اور नॉन-कोर फील्ड काय आहेत: اور वरील कोर फील्ड व्यतिरिक्त जीएसटी नोंदणीची सर्व फील्ड नॉन-कोर फील्ड मानली जातात. اور नॉन-कोर फील्डमध्ये दुरुस्ती ऑनलाइन करता येतात म्हणजेच त्या कधीही बदलल्या जाऊ शकतात आणि बदल लगेच लागू होतात. मूल्यांकन प्राधिकरणाकडून मान्यता वगैरेची आवश्यकता नाही. اور कोअर फील्डमध्ये बदल झाल्यास पत्त्यात बदल इत्यादी बदलांचे आवश्यक पुरावे जोडावेत व अर्ज ऑनलाईन भरावा लागेल. अर्ज दाखल केल्यानंतर, हा अधिकार क्षेत्रीय मूल्यांकन प्राधिकरणाकडे जातो जो या वतीने सादर केलेल्या कागदपत्रांचा विचार करून ते मंजूर किंवा नाकारू शकतो. प्राधिकरण इतर तपशील / कागदपत्रे मागवू शकतो आणि त्यास कारणे दाखवा नोटीस देऊ शकतो. اور जीएसटी नोंदणीत दुरुस्तीसाठी अर्ज बदलल्याच्या 15 दिवसांच्या आत भरावा लागतो. ऑनलाइन रहिवासी करपात्र व्यक्ती जीएसटी नोंदणी अनिवासी करपात्र व्यक्ती जीएसटी नोंदणी अर्ज इतर सामान्य करदात्यांच्या अर्जापेक्षा वेगळा आहे. संपूर्ण जीएसटी आरईजी ० be दाखल करावयाचे आहे. اور अनिवासी करपात्र व्यक्तीस, व्यवसाय सुरू होण्याच्या किमान पाच दिवस अगोदर नोंदणीसाठी, ईव्हीसीमार्फत योग्यरीत्या सही किंवा सत्यापित केलेल्या, नोंदणीसाठी, वैध पासपोर्टच्या स्व-प्रमाणित प्रतीसह फॉर्म जीएसटी आरईजी -9 in मध्ये इलेक्ट्रॉनिक पद्धतीने अर्ज सादर करावा लागतो. सामान्य पोर्टल एकतर थेट किंवा आयुक्तांनी सूचित केलेल्या सुविधा केंद्राद्वारे. اور अनिवासी करपात्र व्यक्तीने नोंदणी केलेल्या अर्जावर त्याच्या अधिकृत स्वाक्षर्याद्वारे स्वाक्षरी करावी लागेल, जो वैध पॅन असलेली भारतातील रहिवासी असेल. पॅन, मोबाइल नंबर आणि ई-मेल पत्त्याच्या यशस्वी पडताळणीनंतर अनिवासी करपात्र व्यक्ती म्हणून नोंदणीसाठी अर्ज करणार्या व्यक्तीस समान पोर्टलद्वारे कर जमा करणे अनिवार्य असेल तर कॉमन पोर्टलद्वारे तात्पुरता संदर्भ क्रमांक देण्यात येईल. अशा कालावधीसाठी नोंदणी मागितलेल्या कालावधीसाठी अशा व्यक्तीचे कर उत्तरदायित्व. इलेक्ट्रॉनिक पद्धतीने नोंदणी प्रमाणपत्र, इलेक्ट्रॉनिक कॅश खात्यात जमा केल्यावरच दिले जाईल. जमा केलेली रक्कम अनिवासी व्यक्तीच्या इलेक्ट्रॉनिक रोख खात्यास जमा केली जाईल. अनिवासी करपात्र व्यक्ती नोंदणीचे प्रमाणपत्र दिल्यानंतरच करपात्र पुरवठा करू शकते. नोंदणीसाठी अर्जामध्ये निर्दिष्ट केलेल्या कालावधीसाठी किंवा नोंदणीच्या प्रभावी तारखेपासून नव्वद दिवसांपूर्वी, जे आधी असेल त्यास नोंदणीचे प्रमाणपत्र वैध असेल. अनिवासी करपात्र व्यक्तीने आपल्या नोंदणीच्या अर्जात नमूद केलेल्या नोंदणीची मुदत वाढविण्याची इच्छा असल्यास, फॉर्म जीएसटी आरईजी -११ मधील अर्ज इलेक्ट्रॉनिक पद्धतीने सामान्य पोर्टलद्वारे, थेट किंवा आयुक्तांनी सूचित केलेल्या सुविधा केंद्रांद्वारे सादर केला जाईल. , त्याला मंजूर नोंदणीची वैधता समाप्त होण्यापूर्वी. اور नव्वद दिवसांची वैधता कालावधी नव्वद दिवसांपेक्षा अधिक कालावधीसाठी वाढविला जाऊ शकतो. मुदतवाढ मागितली जाईल त्या कालावधीसाठी अंदाजित कर देयतेच्या अतिरिक्त कर रकमेच्या रकमेच्या भरपाईवरच मुदतवाढ दिली जाईल. اور Frequently Asked Questions (FAQs) 1. What is GST registration? GST registration is the process of enrolling a business under the Goods and Services Tax system, which is mandatory for businesses meeting certain turnover criteria. 2. Is GST registration mandatory for small businesses? Small businesses with turnover below the prescribed threshold limits may not be required to register for GST, but voluntary registration is possible. 3. What is the GSTIN? GSTIN is a unique 15-digit alphanumeric code assigned to each registered taxpayer. It is used for tax filing and compliance. 4. Can I cancel my GST registration? Yes, GST registration can be canceled under certain circumstances. 5. Is there a penalty for not registering for GST when required? Yes, there can be penalties for not registering for GST when your business meets the turnover criteria. GST registration in India can be conveniently done online. To apply for a GSTIN (GST Identification Number), you need to provide specific details and documents. The process is relatively straightforward, and there are services available to assist with GST registration. To get your GSTIN number, follow the application process, and ensure you provide all the necessary information. Be aware of core and non-core fields in the GST application, and make any amendments if needed. The cost of GST registration in India varies, and it's important to stay informed about the current rates. If your application is rejected, you can download the GST registration rejection order for reference.

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!

Got a notice from the Income Tax Department? Get expert assistance and respond to notices with a tax expert! सहाय्य संबंधित टॅक्स सूचना जर तुम्हाला आयकर विभागाने कर परताव्याच्या विविध कारणांसाठी पाठवलेली नोटीस प्राप्त झाली असेल तर भारतात आवश्यक आयकर सूचना सहाय्य सेवा. सदोष परतावा १ 139 139 (२०१)) च्या सदोष रिटर्नसाठी तुम्हाला नोटीस मिळाली आहे का? रु .499 आता प्रारंभ करा मागणी / यू एस १33 (१) आपणास डिमांड नोटिस प्राप्त आहे / १ u3 (१) रु .499 आता प्रारंभ करा! दुरुस्ती यू / एस 154 आपण दुरुस्ती विनंती दाखल करू इच्छित आहात काय / 154 रु .499 आता प्रारंभ करा! आयटी रिटर्न संबंधित सर्व सूचना आयटी रिटर्न्स भरल्यानंतर आयटी विभागाकडून दोन सामान्य सूचना दिल्या जातातः اور १ 139 १ 139 (सदनिका) च्या सदोष परताव्याची सूचना २ / १ u3 (१) (अ) प्राइम-फेशिया mentsडजस्टमेंटची सूचना आयटी विभागाकडून इतर १ices not नोटीस दिल्या आहेत जसे की छाननी संबंधित नोटीस / कलम १33 (२), रिटर्न फाइलिंग नोटिस / १ /२ (१) इत्यादी. परंतु सध्या आम्ही सल्लामसलत आणि उपरोक्त दोन सूचनांशी संबंधित मार्गदर्शन व दुरुस्ती विनंती अर्ज १ u4. आम्ही आता त्या प्रत्येकावर चर्चा करूः 1. 139 (9) च्या दोषपूर्ण परताव्याची सूचना ● 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) १ 139 १ 139 (सदनिका) च्या सदोष परताव्याची सूचना पुढील अटी पूर्ण न केल्यास उत्पन्न परत करणे सदोष मानले जाते: اور (अ) उत्पन्नाच्या प्रत्येक प्रमुख अंतर्गत परतावातील अनुबंध, स्टेटमेन्ट आणि स्तंभ, एकूण उत्पन्नाची गणना आणि एकूण उत्पन्न भरले गेले आहे اور (ब) परताव्यासह एकूण उत्पन्नाची गणना करण्याचे विधान असते اور (सी) परतावा ऑडिट अंतर्गत असेल तर त्याचा लेखापरीक्षण अहवाल यू.एस. ABAB ए.बी. किंवा अहवाल सादर केल्याचा पुरावा यासह असेल. اور (डी) परताव्यासह कर भरण्याचा पुरावा आणि टीडीएस आणि टीसीएस असल्यास काही असल्यास, اور (इ) खात्यांची नियमित पुस्तके ठेवल्यास परतावा मॅन्युफॅक्चरिंग, ट्रेडिंग आणि प्रॉफिट आणि लॉस अकाऊंटसह बॅलन्स शीट इ. اور (फ) खात्यांची नियमित पुस्तके न ठेवल्यास, परताव्यासह उलाढालीचे प्रमाण दर्शविणारी स्टेटमेन्ट दिलेली असते किंवा जसे की एकूण उत्पन्न, एकूण नफा, खर्च आणि व्यवसाय किंवा व्यवसायाचा निव्वळ नफा आणि ज्या आधारावर अशा रकमेची गणना केली गेली आहे आणि मागील वर्षाच्या अखेरीस एकूण भांडवली कर्जदार, स्वतंत्र कर्जदार, स्टॉक-इन-ट्रेड आणि रोख शिल्लक किती प्रमाणात आहेत याची माहिती दिली आहे. اور (छ) मालकी व्यवसाय किंवा व्यवसायाच्या बाबतीत, मालकांचे वैयक्तिक खाते; एखाद्या कंपनीच्या बाबतीत, व्यक्तींची किंवा व्यक्तींची संस्था असणारी, भागीदारांच्या किंवा सदस्यांची वैयक्तिक खाती; आणि एखाद्या कंपनीचे भागीदार किंवा सदस्याच्या बाबतीत, व्यक्तींचे किंवा व्यक्तीचे शरीर असणारी संस्था, त्याचे त्याचे वैयक्तिक खाते, फर्ममधील व्यक्ती किंवा व्यक्तींचे शरीर; اور (ज) जेथे निर्धारकाच्या खात्यांचे लेखापरीक्षण केले गेले असेल तेथे परताव्यासह लेखापरीक्षण नफा व तोटा खाते आणि ताळेबंद आणि लेखापरीक्षकाच्या प्रती आणि ज्यामध्ये निर्धारणाच्या किंमती लेखाचे लेखापरीक्षण केले गेले आहे त्यासह कंपनी अॅक्ट १ 6 66 च्या १ 3 B बी (१ 195 236 चा १) तसेच त्या कलमांतर्गत अहवाल; 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) (अ) प्रिम फासिया समायोजनाची सूचना २. प्राइम फॅशिया mentsडजस्टमेंटची सूचनाः कलम १33 (१) (अ) اور प्राप्तिकर अधिनियमाच्या कलम १33 (१) (अ) नुसार १ 139 १ u नुसार कोणताही परतावा भरला गेला असेल तर अशा रिटर्नवर प्रक्रिया केली जाईल आणि पुढील mentsडजस्ट केल्यावर मिळकत / तोटा मोजला जाईल: اور (i) परतीमध्ये कोणतीही अंकगणित त्रुटी; اور (ii) चुकीचा दावा, जर असा चुकीचा दावा परताव्याच्या कोणत्याही माहितीतून स्पष्ट झाला असेल; मागील वर्षी परत जे नुकसान हक्क सांगितला आहे विभाग 139 उप-कलम (1) अंतर्गत निर्दिष्ट देय तारीख पलीकडे खोलीत होते बंद ठेवले तर (iii) नुकसान disallowance दावा; (iv) ऑडिट अहवालात दर्शविलेल्या खर्चाची अनुमती न देणे परंतु परताव्यामध्ये एकूण उत्पन्नाची गणना करताना विचारात घेतले नाही; (v) कलम १० एए , -०-आयए , -०-आयएबी , -०-आयबी , -०-आयसी , -०-आयडी किंवा कलम -०-आयई अंतर्गत दावा कमी केल्याचे अनुमती न दिल्यास, परतावा पोट-कलमांतर्गत निर्दिष्ट तारखेच्या बाहेर दिले असल्यास. (१) कलम १ of; चे; किंवा اور परंतु वरील प्रमुखांखाली काही फेरबदल करण्यासाठी करदात्यास माहिती दिली जावी; اور कोणतीही समायोजन करण्यापूर्वी करदात्याच्या उत्तराचा विचार केला पाहिजे आणि days० दिवसांच्या आत उत्तर न मिळाल्यास समायोजन केले जाऊ शकते. اور 3. दुरुस्ती विनंती यू / एस 154 बर्याच वेळा असे होते की आयकर प्राधिकरण अर्थात सीपीसी किंवा प्राप्तिकर अधिका-यांनी दिलेल्या ऑर्डरमध्ये त्रुटी आली आहे. त्रुटी कदाचित काही चुकांमुळे असू शकते जी रेकॉर्डवर उघड आहे. اور या चुका / त्रुटी दूर करण्यासाठी प्राप्तिकर अधिनियमातील कलम १ u4 मधील चुका सुधारण्यासाठी प्राप्तिकर अधिकार्यास शक्ती देण्यात आली आहे. اور दुरुस्ती विनंती करदात्याद्वारे केली जाऊ शकते किंवा ती प्राप्तिकर प्राधिकरणाच्या सू मोटोद्वारे दुरुस्त केली जाऊ शकते. اور दुरुस्ती आदेशाची मुदत आर्थिक वर्षाच्या अखेरीस years वर्षे आहे ज्यात दुरुस्ती करण्याचा प्रयत्न करण्याचा अधिकार प्राधिकरणाद्वारे मंजूर केला जातो. आता सीपीसी, बेंगलुरुने दिलेल्या आदेशांच्या संदर्भात सर्व सुधारण विनंती फक्त आयटी वेबसाइटच्या ई-फाइलिंग पोर्टलद्वारे ऑनलाइन केल्या पाहिजेत. اور आपणास 143 (1) (अ) चुकीची असून सुधारित करणे आवश्यक आहे अशी कोणतीही ऑर्डर प्राप्त झाली आहे, कृपया आमच्याशी 91-8955833830 येथे संपर्क साधा किंवा ऑनलाईनइंडीटाएक्सफिलिंग्ज @ gmail.com वर ईमेल करा. اور आपण येथे माहिती ऑर्डर देखील अपलोड करू शकता. ● 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. आता प्रारंभ करा

Effortlessly file your income tax return with ITR-6 using our step-by-step assistance. ITR - 6: Price List आयटीआर 6 फिलिंग्ज ए.वाय.आर. 2021-22 तू निवड कर Rs 3999 For Companies Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started सर्व आयटीआर 6 फॉर्म फॉर एय. 2021-22 चार्टर्ड अकाउंटंटद्वारे कंपनीचे संपूर्ण वित्तीय स्टेटमेंटचे विधिवत ऑडिट. जर कंपनीची उलाढाल रू. २ कोटी Tax 44 एबी स्वतंत्र कर ऑडिटदेखील लागू आहे आणि फॉर्म CA सीए आणि CD सीडी मधील कर ऑडिट अहवाल स्वतंत्रपणे दाखल करायचा आहे. फॉर्म 16 ए / 26 एएस वजा करण्याचा दावा केला आहे आयटीआर -6 दाखल करण्यासाठी आवश्यक कागदपत्रे 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 आयटीआर 6 डाउनलोड करा

Download Form 26AS and Annual Information Statement (AIS). Find all the details about Form 26AS and AIS here. आता फॉर्म 26 एएस डाऊनलोड करा मूलभूत १.1 49 26AS फॉर्म डाऊनलोड करणे (आयकर फाइलिंग साइटवर आधीपासून नोंदणीकृत असल्यास) मला क्लिक करा मानक २.2 49 प्राप्तिकर ई-फाईलिंग साइटवर नोंदणी करणे आणि फॉर्म 26 एएस डाउनलोड करणे समाविष्ट आहे मला क्लिक करा फॉर्म 26 एएस / फॉर्म 26 एएस म्हणजे काय? 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.

Need help regarding taxes? Connect with our dedicated team of tax experts through email, whatsapp and call. Please wait while we load this for you... Contact us: News आमच्याशी संपर्क साधा ऑनलाईनइंडीटाक्सिफिलिंग्ज.नेट - नावाप्रमाणेच एक ऑनलाइन पोर्टल आहे ज्यायोगे व्यक्ती आणि व्यवसायाला त्यांचे कर परतावा दाखल करण्यात मदत होईल म्हणजेच आयकर, जीएसटी, टीडीएस आणि त्यासंबंधित प्रकरणात सल्लामसलत करण्यास. आम्ही वरील क्षेत्राशी संबंधित होस्ट व्हॅल्यू अॅड सर्व्हिसेस देखील ऑफर करतो. आम्ही पूर्णपणे ऑनलाईन पोर्टल आहोत म्हणजेच कार्यालय किंवा आवारात प्रत्यक्ष भेट देण्याची गरज नाही आणि त्यामुळे वेळ व किंमत कमी होईल. फक्त आमच्या पोर्टलवर कागदपत्रे अपलोड करा किंवा त्यांना ईमेल / व्हॉट्सअॅप करा, फी ऑनलाईन भरा आणि ते पूर्ण झाले. आमची चार्टर्ड अकाउंटंट्सची कार्यसंघ सुलभतेने आणि सोईने कार्य करण्यात आपल्याला मदत करेल. اور प्रत्यक्ष आणि अप्रत्यक्ष कर क्षेत्रातील तज्ञांच्या मदतीने आणि सल्ल्यानुसार संपूर्ण प्रक्रिया सोपी आणि खर्चिक होईल. आम्ही आपल्या समाधानाची हमी देतो. اور कोणत्याही क्वेरी / मदतीसाठी किंवा सल्ल्यासाठी तुम्ही खाली दिलेला फॉर्म भरू शकता आणि आम्ही तुम्हाला मदत करण्यास तयार आहोत. आमचे नोंदणीकृत कार्यालय ऑनलाईन इंडिया टॅक्स फाइलिंग बी -4, तिसरा मजला बापू बाजार उदयपुर (राज.) 313001 आमच्या बँकेचा तपशील बँकेचे नावः आयसीआयसीआय बँक लि. खाते क्रमांक: 693605600940 खात्याचे नाव: ऑनलाईन इंडिया टॅक्स फाइलिंग आयएफएससी कोड: आयसीआयसी 10006936 कोणत्याही क्वेरी / मदत / सूचनांसाठी आम्हाला कॉल करा / व्हाट्सएप करा 91-8955833830 संपर्क आम्हाला ईमेल करा ऑनलाइनइंडीटाएक्सफाईलिंग्ज @ gmail.com येथे कागदपत्रे पाठवा docs@onlineindiataxfilings.net आयकर संबंधित itr@onlineindiataxfilings.net जीएसटी संबंधित gst@onlineindiataxfilings.net आमच्याशी गप्पा मारा चॅट बटणावर क्लिक करा संपर्क Offline payment आमची शिक्षण केंद्रे आयकर शिक्षण केंद्र जीएसटी शिक्षण केंद्र टीडीएस लर्निंग सेंटर