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- Services Provided by Karr Tax - Income Tax, GST, TDS, Registrations
Want Income Tax, GST, etc. services? Here is the list of services that Online India Tax Filings offers! Get Expert Assisted Services for your Tax Needs. We at Karr Tax have a team of experts with more than 20 years of experience in direct and indirect taxes! Get. Set. File. Get Started Services सेवा फक्त तुमच्यासाठी आयटीआर फाइलिंग सुरु करूया सल्लामसलत सुरु करूया फॉर्म 26AS डाउनलोड करा सुरु करूया कर वाचवा सुरु करूया जीएसटी नोंदणी सुरु करूया पॅन - आधार लिंक सुरु करूया सूचना मदत सुरु करूया जीएसटी रिटर्न फाइलिंग सुरु करूया करांची गणना करा सुरु करूया TDS परतावा सुरु करूया आणि अधिक.... आम्हाला तुमच्या प्रश्नांची उत्तरे द्यायला आवडतात आम्ही आत्तापर्यंत हजारो प्रश्नांची उत्तरे दिली आहेत आणि आम्हाला पुढे जायचे आहे! तुम्ही आमच्या सेवा घेतल्यास, तुम्ही विचारलेल्या प्रत्येक प्रश्नाला तत्पर उत्तर मिळते! पैसे वाचवा. आमच्याकडे भारतात सर्वात परवडणारी सहाय्यक कर भरणे आहे! फक्त रु. पासून सुरू. ३४९!!! आमच्याकडे काही मूल्यवर्धित सेवा देखील आहेत ज्यांची किंमत यापेक्षा कमी आहे कर अधिक परवडणारे होत आहेत 😁 सर्वत्र 5 तारे रेट केले मी पाहिलेल्या सर्वोत्कृष्ट CA पैकी एक... अतिशय परवडणाऱ्या किमतीत अतिशय तत्पर सेवा... दरवर्षी शेवटच्या क्षणी फक्त मी त्याच्याशी माझ्या ITR फाइलिंगसाठी संपर्क करेन पण तो कधीही चिडला नाही खरं तर तो माझ्या उत्तरांची वाट पाहतो आणि पूर्ण करतो. वेळेत नोकरी... मला त्या सर्व गोष्टींची माहिती नसतानाही त्याने मला पात्र परतावा मिळविण्यात मदत केली... सर तुमचे मनापासून आभार... प्रत्युषाने आमची सेवा श्रेणी आम्ही ऑनलाईन इंडिया टॅक्स फायलींगमध्ये सध्या भारतात थेट कर आणि अप्रत्यक्ष कराशी संबंधित दोन्हीकडून कर भरण्याची सेवा प्रदान केली जात आहे. आमच्या थेट कर विभागात, आम्ही आयकर रिटर्न भरण्यासाठी अर्थात सर्व आयटीआर -1 ते आयटीआर -7 ऑफर करीत आहोत. संपूर्ण टीडीएस रिटर्न भरण्याची सेवादेखील देण्यात येत आहे जी सध्या 4 टीडीएस फॉर्म म्हणजेच 24 क्यू, 26 क्यू, 27 क्यू व 27 ईक्यू मर्यादित आहेत. اور आमच्या अप्रत्यक्ष कर विभागात आम्ही जीएसटी (वस्तू व सेवा कायदा) संबंधित जीएसटी नोंदणी, मासिक आणि तिमाही जीएसटी रिटर्न भरणे आणि जीएसटी वार्षिक रिटर्न फाइलिंग यासंबंधी संपूर्ण नोंदणी आणि फाइलिंग सेवा देत आहोत. याव्यतिरिक्त, आम्ही प्राप्तिकर, जीएसटी आणि टीडीएस बाबींच्या बाबतीत देखील तज्ञ सल्ला सेवा ऑफर करतो ज्या नाममात्र किंमतीवर दिल्या जातात.
- ITR - 7 | Karr Tax
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
- Advertise With Us | Karr Tax
Advertise your product/service with Karr Tax and get them featured on our website! KarrTax.in One of the largest platform for all things taxes! Connect with Us Why Advertise with us? Boost Brand Visibility Benefit from our strong customer engagement and high user retention, maximizing the impact of your advertisements. Cost-Effective Solutions We offer competitive pricing tailored to meet your budget while delivering excellent ROI. Expertise in Financial Niche With our deep understanding of tax and finance, we help craft messages that resonate with your target demographic. Boost your brand visibility by advertising on our website which is attracting over 15,000 monthly visitors! Connect with Us
- FORM 27Q | TDS Form 27Q Online Filing | Karr Tax
Learn about the essentials of TDS Form 27Q for smooth tax deduction. Get insights on deadlines, procedures, and compliance with Karr Tax. FORM 27Q: Price List टीडीएस फॉर्म 27 क्यू परतावा तू निवड कर मानक अनिवासींना देय असलेल्या टीडीएस रु. 1499 आता प्रारंभ करा FORM 27Q: FAQ TDS Form 27Q- “Reporting TDS on Payments to NRIs” टीडीएस रिटर्न फॉर्म २q क्विंटल ऑनलाईन एक टीडीएस रिटर्न आहे ज्यात कर अनिर्णित भारतीय (एनआरआय) भरलेल्या पैशांवर कपात करण्यात आलेल्या कर (कटावलेल्या) स्त्रोत (टीडीएस) चा तपशील आहे. अनिवासींना देय देय देय देण्याच्या बाबतीत टीडीएस त्यांना देय सर्व रकमेच्या बाबतीत वजा करणे आवश्यक आहे. प्राप्तिकर अधिनियम कलम १ 195 crib मध्ये नमूद केले आहे त्यानुसार अनिवासींना दिले जाणा on्या पेमेंट्सवर टीडीएस कपात करणे आवश्यक आहे. हा फॉर्म निश्चित तारखेस किंवा त्यापूर्वी तिमाही आधारावर सादर करणे आवश्यक आहे. यात वजा केल्या गेलेल्या पेमेंट्स आणि टीडीएस वजा केल्याची माहिती एनआरआयने वजा केल्या गेलेल्या एनआरआयला दिली आहे. भरण्यासाठी आवश्यक कागदपत्रे डीएंडक्टरचे वैयक्तिक तपशील जसे की टीएएन, पत्ता, मोबाइल नं. , ई - मेल आयडी टीडीएस चालान कपातीचा पॅन वजावट, भाडे, कमिशन, करार इत्यादींना कपातीस पैसे भरल्याचा तपशील कोणाला फॉर्म 27Q दाखल करणे आवश्यक आहे वैयक्तिक, एचयूएफ, फर्म, एलएलपी, कंपनी इत्यादींसारख्या कोणत्याही वजाकर्त्याला अनिवासी वजावटीच्या बाबतीत टीडीएस कापून घेणे आवश्यक आहे, ज्या तिमाहीत अनिवासींचा टीडीएस कापला गेला आहे त्या तिमाहीसाठी फॉर्म 27Q दाखल करणे अनिवार्य आहे._cc781905- 5cde-3194-bb3b-136bad5cf58d_ कोणाला फॉर्म 27Q दाखल करणे आवश्यक आहे फॉर्म 27Q भरण्यासाठी देय तारखा Payer The payer refers to the individual, organization, or entity that pays the Non-Resident Indian (NRI). This entity is responsible for deducting TDS and filing Form 27Q with the tax authorities. Payee The payee receives payments from the payer. Its residential status is decided according to Section 6 of the Income Tax Act. Important Details Required For The Form 27Q From the Payer PAN Number Tan Number Contact details Name Address Financial Year Assessment Year Original statement or receipt number of the previously filed return in the same quarter. From the Payee Name Address Division Branch PAN Number E-mail ID Contact Details Assessment Year Challan Details Serial Number BSR Code Amount of EC (Education Cess) Amount of Surcharge Interest Amount Total Tax Deposit Tax Deposit Date Tax Deposit Method Collection Code Number of Cheque or Demand Draft Deduction Details Tax Collector Name PAN Number Deducted TDS Amount Amount Given To The Payee From the Payer PAN Number Tan Number Contact details Name Address Financial Year Assessment Year Original statement or receipt number of the previously filed return in the same quarter. From the Payee Name Address Division Branch PAN Number E-mail ID Contact Details Assessment Year Challan Details Serial Number BSR Code Amount of EC (Education Cess) Amount of Surcharge Interest Amount Total Tax Deposit Tax Deposit Date Tax Deposit Method Collection Code Number of Cheque or Demand Draft Deduction Details Tax Collector Name PAN Number Deducted TDS Amount Amount Given To The Payee Components of Form 27Q The three main components of Form 27Q include: Statistics of Voucher Deduction Details and Payment Details Let's explore each of these sections in detail. Statistics of Voucher Included Transactions These transactions are used for generating Form 27Q. Below are its details: Booking entries with or without TDS Deduction Advance Payment Handling Government Entity TDS Adjustments TDS Deduction Records Entries related to TDS Reversal Accounting TDS Deductions for Price Escalation and Reductions Excluded Transactions TDS deduction is not required for the below transactions. That’s why these are excluded while generating the Form 27Q. Purchase note Sales order Payment voucher Debit note Credit note Inventory vouchers Contra Payroll vouchers Optional vouchers Uncertain Transactions These transactions fall under the "Uncertain" category when they do not meet the criteria for either "Included" or "Excluded" categories. This typically happens due to insufficient information entered in the master or transaction records. Deduction Details This segment categorizes the deduction types for each included transaction. Deduction details are categorized as follows: Deduction at the Standard Rate Deduction at an Elevated Rate Lower taxable Expenses with reduced deduction Taxable expenses at a zero rate Transactions falling under the exemption limit Special cases with PAN exceptions Payment Details The payment details section includes information about TDS payments recorded in the most recent entries. These are relevant to the current TDS return filing period. Also, It lists only the payments relevant to the present period of TDS return filing . And excludes entries from other timeframes or entries unrelated to TDS payments. You'll find details of payments made for included and excluded transactions here. Under Section 271H of the Income Tax Act, no penalty will be charged if: The TDS (Tax Deducted at Source) is deposited to the government. The interest and fees for late filing (if applicable) are already deposited. If the return is filed within one year from the due date. Due Dates For Filing TDS Form 27Q The deadline to pay the TDS deducted (each month) falls on the seventh day of the subsequent month. However, this deadline is 30th April for March month. Due Date Chart TDS Form 27Q Quarter No. Quarter Period Due Date 1st Quarter April To June 31st July 2nd Quarter July To September 31st October 3rd Quarter October To December 31st January 4th Quarter January To March 31st May Penalties For Non-Compliance Late filing of Form 27Q (Penalty under Section 234E of the Income Tax Act, 1961) Minimum Penalty: Rs. 200 per day until the return filing. Maximum Penalty: The maximum penalty can be equal to the amount of TDS deducted. In simple terms, it can be as much as the total TDS amount that should have been deposited but was not, subject to a maximum limit. Non-filing of Form 27Q (Penalty under Section 271H of the Income Tax Act, 1961) Minimum Penalty: Rs. 10,000/- Maximum Penalty: Rs. 1,00,000/- TDS Deduction A penalty in the form of interest is levied on the taxpayer if the TDS is not deducted on time. This can amount to 1% per month or part of the month spent between the due date and the actual deduction date. Similarly, interest will be imposed at 1.5% monthly if the deducted TDS is not deposited on time. This interest is also calculated on any part of the month between the actual date of deduction and the actual date of deposit. TDS Certificate After filing the TDS returns, the payer must issue Form 16A or a TDS certificate to the non-resident. This TDS certificate must be handed over to the non-resident seller within a 15-day window from the last date of filing TDS returns for the respective quarter. Frequently Asked Questions (FAQs) What is Form 27Q? Form 27Q is a statement of deduction of tax under Section 200(3) of the Income Tax Act, 1961. It reports TDS deductions when payments are made to non-resident Indians (NRIs) and foreign entities. 2. Who is required to fill Form 27Q? Any entity that is deducting TDS from payments made to NRIs is required to file Form 27Q. 3. Is obtaining a Tax Deduction Account Number (TAN) mandatory to file Form 27Q? Yes, the deductor must obtain a TAN before filing Form 27Q. TDS can only be deducted or reported with a valid TAN. 4. What happens if the PAN is unavailable in Form 27Q? The tax deduction is generally done at a higher rate (approx 20%) when the PAN of the deductee is not provided. 5. Where can I find the Form 27Q and related guidelines? Its guidelines can be found on the official website of the Income Tax Department of India or through the NSDL and UTIITSL websites. Form 27Q is a crucial document for TDS (Tax Deducted at Source) compliance in India, especially for entities making payments to non-resident individuals or foreign companies. To file Form 27Q online, follow these steps: Visit the official income tax website and access the form. Fill in the necessary details, including PAN, payment information, and TDS amounts. Submit the form online, and remember to make the 27Q online payment through the specified channels. It's important to ensure accurate filing and timely payment to meet TDS obligations and avoid penalties. Form 27Q serves the purpose of reporting and filing TDS returns for such payments. Form 27Q is a vital component of TDS (Tax Deducted at Source) in India, particularly for payments to non-resident individuals or foreign companies. To file Form 27Q online, visit the official income tax website and fill in the required details, including PAN, payment information, and TDS amounts. Ensure accuracy in filling the 27Q form and make the TDS online payment through approved channels. Form 27Q is essential for reporting and filing TDS returns for these specific payments under the Income Tax Act. It is important to be aware of the 27Q TDS return due date to meet compliance requirements and avoid penalties. उपयुक्त दुवे आमचा लेख वाचा "मालाच्या विक्रीवर टीसीएस [विभाग 206 सी (1 एच)] - 01 ऑक्टोबर 2020 पासून नवीन तरतूद लागू तुमचे टीडीएस रिटर्न दाखल करा आता येथे क्लिक करा! आता येथे क्लिक करा! पीडीएफ मध्ये फॉर्म 27 क्यू डाउनलोड करा
- Get Your 80G Registration Done with KarrTax: Tax Deductions Made Easy
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
- TAN Registration | Karr Tax
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
- GST Annual Return Filings | Karr Tax
Navigate the intricacies of GST compliance with Karr Tax and let us handle the intricacies so you can focus on your business growth. GST Annual Return Filings: Price List जीएसटी वार्षिक परतावा भरणे तू निवड कर मूलभूत 5 कोटी पर्यंतच्या उलाढालीसाठी वार्षिक परतावा, اور रु. 5000 आता प्रारंभ करा मानक 5 कोटी रुपयांपेक्षा जास्त उलाढालीसाठी वार्षिक परतावा परंतु आरएस .१० कोटीपेक्षा कमी रु. 10000 आता प्रारंभ करा प्रीमियम रुपये पेक्षा जास्त उलाढालीसाठी वार्षिक परतावा 10 कोटी اور 15000 रु आता प्रारंभ करा What is GST Annual Return? नवीन जीएसटी राजवटी अंतर्गत, प्रत्येक करदाता / संस्थांना त्यानुसार तयार केलेल्या नियमांनुसार जीएसटी वार्षिक रिटर्न भरणे आवश्यक आहे. 1 जुलै, 2017 पासून जीएसटी लागू करण्यात आला असल्याने प्रथम वार्षिक परतावा एफ. वाय. 2017-18 आणि त्याची नियत तारीख आधीपासून कालबाह्य झाली आहे. म्हणूनच सध्या एफ.आय.आर. साठी जीएसटी वार्षिक परतावा 2018-19 आणि त्यानंतर दाखल होणार आहे. वार्षिक परतावा भरण्याची अंतिम तारीख आर्थिक वर्षाच्या समाप्तीपासून म्हणजेच 31 डिसेंबरपर्यंत 9 महिन्यांच्या आत आहे परंतु देय तारीख वाढतच राहिली आहे. एफ.आय.आर. च्या वार्षिक परताव्याची देय तारीख कोविड -१ p p (साथीचा रोग) सर्व देशभर (किंवा खंडभर) असलेला झाल्यामुळे 2018-19 30 सप्टेंबर 2020 पर्यंत वाढविण्यात आला आहे. वार्षिक रिटर्न भरण्यापूर्वी जीएसटीआर-3 बी आणि जीएसटीआर -१ सारखे सर्व रिटर्न्स संबंधित वित्तीय वर्षासाठी दाखल कराव्यात. What Are The Distinct Types of Annual GST Returns? GSTR-9: Annual Return Entities who exceeds a turnover of ₹2 crores are required to file GSTR-9. It includes details of sales, purchases, input tax credits, and tax liabilities for the entire financial year. GSTR-9A: Annual Return for Composition Taxpayers GSTR-9A applies to taxpayers who have opted for the composition scheme . This form encompasses details related to composition scheme transactions and addresses their specific needs. GSTR-9B: Annual Return for E-commerce Operators The e-commerce operators who have filed GSTR-8 need to file GSTR-9 and are required to collect tax at source (TCS) under section 52 (5) of the CGST Act, 2017. GSTR-9C: Reconciliation Statement and Certification Every individual whose turnover during a financial year exceeds Rs.5 crore rupees should file GSTR-9C. It comprises two parts – a reconciliation statement reconciling the taxpayer's financial statements with the GST returns and the certification part. वार्षिक परताव्याचे प्रकार GSTR-9 is primarily meant for regular taxpayers registered under GST and businesses operating under standard tax provisions. Who is Ineligible for GSTR-9 Return Filing? Composition Scheme Taxpayers who have been selected for the composition scheme under GST but need to file GSTR-9A. Non-Resident Taxpayers who do not have a fixed place of business in India. Input Service Distributors (ISD) who distribute input tax credits to their branches or units. Casual Taxpayers who occasionally undertake supply of goods and services transactions in a state or Union Territory where they do not have a regular place of business. Entities who are deducting or collecting Tax Deducted at Source (TDS). What Is The Last Date for GST Annual Return Filing? The last date for GST annual return filing is the 31st of December, the year following the relevant financial year. But if not filed on time, the following penalties will be levied. Penalties For Late GSTR-9 Filing There's an amnesty scheme if you missed filing GSTR-9 for 2017-18 up to 2021-22. If you file it between April 1, 2023, and June 30, 2023, and your late fees are more than ₹20,000 (Rs. 10,000 for CGST and SGST), they will be waived. For those with a turnover up to ₹5 crore, filing GSTR-9 after the due date incurs a late fee of ₹50 per day (Rs. 25 for CGST and SGST), with a maximum cap of 0.04% of turnover in the state/UT. Before the financial year 2022-23, if you missed the due date for filing GSTR-9, the penalty was ₹200 per day. This consisted of ₹100 for State GST (SGST) and ₹100 for Central GST (CGST). However, there was a cap, and the penalty couldn't exceed 0.25% of your total turnover on which the penalty was applied. From the financial year 2022-23 onward, if your turnover is up to ₹5 crores, the penalty is reduced to ₹50 per day. Of this, 25 goes to SGST, and ₹25 goes to CGST. If your turnover exceeds ₹5 crores, the penalty is ₹100 per day, with ₹50 for SGST and ₹50 for CGST. Prerequisites for filing GSTR-9 To file GSTR-9, you must be a regular taxpayer under GST for at least one day a year. When you fill out GSTR-9, you need to share basic info about your business for the year, like what you sold, what you bought, the taxes you paid, any refunds you claimed, and if there were any issues with the tax authorities. Before doing GSTR-9, ensure you've already filed GSTR-1 and GSTR-3B for the same year because GSTR-9 collects data from these forms. Details Required For GSTR-9 Return Filing The GSTR-9 form is divided into 6 parts and 19 sections, including details of supplies made. Here’s a detailed explanation. Part-1: Basic Information This section includes the financial year, taxpayer’s GSTIN , legal, and trade name (if any). Part-2: Details of Outward and Inward Supplies It consists breakdown of supplies made and received during the particular financial year. Part-3: Details of Input Tax Credit (ITC) This part consolidates details of the ITC availed during the financial year. From 6A to 6O, includes details of ITC availed on various inward supplies. From 7A to 7J, include details of ITC Reversed and Ineligible ITC. From 8A to 8K, include details of other ITC-related information. Part-4: Tax Paid Details Part-5: Transactions Particulars For The Previous Financial Years This part of the form covers transactions from the last financial year that were reported in the returns filed from April to September of the current financial year or until the date when the annual return for the previous financial year was filed—whichever happened first. Part-6: Other Information The final part encompasses details of Particulars of demands and refunds Total demand for taxes Total taxes paid Supplies information received from composition taxpayers Summary of outward and inward supplies HSN-wise Late fee payable and paid. How Karr Tax Can Assist You With GST Annual Filing ➔Expert Guidance We have a team of experts who are there for you to provide expert guidance . Our process starts with understanding the business aspects that may influence GST compliance. Then, according to the intricacies, we choose a customized compliance plan that ensures a smooth filing process. ➔Customized Pricing Plans Our pricing plans are divided into three categories according to each client's unique requirements. Here’s the breakdown. Basic at ₹3999 Standard at ₹7499 Premium at ₹9999 If you need any assistance regarding which plan to go for, contact our experts , who will help you with all your queries. ➔Real-Time Support With our dedicated communication channels, including email, phone, and messaging platforms, we offer real-time support to our clients. The GST filing process involves various aspects, and it's obvious to seek clarification on specific elements. So, if you have questions about specific entries in the GSTR-9 form or encounter uncertainties during the filing process, our experts can provide you with detailed explanations and clarification. ➔Post-Filing Support At Karr Tax, we believe in building strong business relations with our clients. That’s why our support does not stop once the GST Annual Filing is submitted. We proactively monitor for any communications or inquiries from tax authorities and anticipate potential queries that may arise during the compliance process. ➔360 GST Return Filing Service s Our services are not limited to GST annual return filing, but we offer 360 GST return filing services , which include everything from GST registration to quarterly returns (GSTR-1 and GSTR-3B) and annual filings (GSTR-9). The best part? Our prices are structured to be accessible for businesses of all sizes, whether you're a small startup or a larger enterprise. However, affordability does not mean that we compromise on our services. Yet, we believe in providing affordable yet high-quality services. Frequently Asked Questions (FAQs) 1.What is the GSTR-9 form, and who is eligible for its filing? GSTR-9 is an annual return that comprehensively summarizes a taxpayer's activities throughout the financial year, including sales, purchases, input tax credit availed, and tax paid details. Now, who is eligible for its filing? So, all the registered taxpayers are required to file this form except: Non-Resident Taxpayers Causal Taxpayers Input service distributors Entities who are deducting or collecting Tax Deducted at Source (TDS). 2.Can I file a “NIL” GSTR-9 return? The eligibility criteria below should met for “NIL” GSTR-9 return filing. Zero Outward Supply No credits or refunds to be claimed Zero Receipt of Goods/Services No Other Reportable Liabilities Non-Claimed Credits No Outstanding Late Fees Absence of Demand Orders 3. Can the filed GSTR-9 be revised? No, it is not possible to revise GSTR-9 once it is filed. That’s why reviewing the information before submission is crucial to ensure accuracy. 4.Is GSTR-9A & GSTR-9C the same? No, these forms are totally different. GST-9A is the annual return filed by the Composition Dealer, consolidating their annual turnover details, while GSTR-9C is a reconciliation statement and audit report under GST. 5. Can GSTR-9 be amended? No, it is not possible to amend GSTR-9. 6. Should the GSTR-9 return be filed at the entity level or GSTIN level? Form GSTR-9 return should be filed at the GSTIN level, which means it needs to be done for each unique GST registration. If a taxpayer holds multiple GST registrations in the same or different states under the same PAN, the requirement is to submit the annual return separately for each registration. This applies to cases where the GSTIN was registered as a normal taxpayer during the financial year, either for a specific duration or for the entire financial year. Taxpayers must recognize the individual nature of each GST registration and fulfill the annual return obligation for each one accordingly.
- e-File your Income Tax Return for Asst. Yr. 2024-25 | Karr Tax
File your ITR for the Asst. Yr. 2024-25 (F. Yr. 2023-24) with Karr Tax's tax experts. Karr Tax is the Number 1 ITR Filing service provider in India. File your Income Tax Return with our Tax Experts. Taxes can be confusing. Our Tax Experts handle it all, so that you don't have to. Connect with a Tax Expert Get Started Whatever be your income source, we've got you covered :) ITR - 1 ITR-1 sahaj form is applicable for individuals/HUF having income from salary, one house property and other sources. Learn more ITR - 2 ITR-2 form is applicable for individuals/huf having salary income, more than one house property income, capital gains etc. Learn more ITR - 3 ITR-3 is applicable for individuals/huf having income from business/profession including partners of any firm. Learn more ITR - 4 ITR-4 is applicable for individuals/HUF declaring income on presumptive basis I.E. U/s 44ad, ae,af etc. Learn more ITR - 5 ITR - 5 is applicable for firms, AOP, BOI etc. Learn more ITR - 6 ITR-6 is applicable for companies - Private Limited And Public Limited. Learn more ITR - 7 Itr-7 is applicable for persons who are required to file return u/s 139(4) i.e. Trusts, societies, political parties, local authorities etc. Learn more Why choose Karr Tax ? Save Taxes. Our Tax Experts ensure to inform you of the ways to save maximum taxes. More money for you! Payment after Filing. We believe that customer trust and satisfaction are important . This is the reason we at Karr Tax take 100% payment after your ITR has been successfully filed! 100% Satisfaction Expert Assisted. Your ITR is being filed by Tax Experts who have experience of more than 20 years! So no worries to you! Learn Taxes like a PRO. 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. Start your Tax Learning Journey Frequently asked questions General1 General2 General3 General4 General5 General6 General7 General8 General9 General Getting Started and Using Magicc Tax Privacy and Security Technical Accounts and Billing Additional FAQs 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 ➡ Frequently Asked Questions (FAQs) Income Tax India efiling Services Experience the convenience of income tax e filing in India with our expert services. We specialize in e-filing income tax returns, offering a seamless process for taxpayers. Our efficient income tax filing services in India ensure that you meet your tax obligations effortlessly. Simplify your tax journey with our reliable India tax efiling solutions. Online I TR Filing Services for Individuals & Businesses Our online ITR filing services cater to a wide range of needs, including India income tax e-filing for individuals and NGOs. We simplify the entire process, making incometax e-filling hassle-free. Trust us for efficient and expert assistance in e-filling income tax returns in India. Your tax compliance is our priority, and we're here to make it easy for you. efile ITR for Income Tax in India with the Help of Experts Discover efficient income tax filing services with our expert team. We specialize in ITR filing services, making it easy to e-file your income tax in India. 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- GST No. search | Karr Tax
Explore the essential guide to GSTIN management, covering strategies, hacks, and tools for seamless compliance in the world of GST. जीएसटी क्रमांक शोध / जीएसटी तपासणी शोधा I'm a paragraph. Click here to add your own text and edit me. It's easy. DETAILS Trade Name No Details Legal Name No Details Registration Status No Details No Details Cancellation Date No Details Registration Date No Details Entity Type No Details Place of Business (Address) No Details RECENT GST RETURNS Return Type FY Period Filing Date Return Type FY Period Filing Date Return Type HSN/SAC CODE No Details RETURN PERIODICITY No Details No BUSINESS ACTIVITIES No Details GSTIN म्हणजे काय? जीएसटी क्रमांक किंवा जीएसटीआयएन (जीएसटी आयडेंटिफिकेशन नंबर) जीएसटी विभागात नोंदणीकृत झाल्यानंतर प्रत्येक करदात्यास प्रदान केला जातो. नोंदणी क्र. ही एक अनोखी ओळख आहे. जीएसटी विभागाने नोंदणीसाठी केलेला अर्ज मंजूर झाल्यावर प्रत्येक करदात्यास प्रदान केले जाते. اور प्रत्येक जीएसटी नंबरची काही वैशिष्ट्ये खालीलप्रमाणे आहेतः اور 08AAAAA0000A1Z5 - नमुना जीएसटी क्रमांक اور १. जीएसटी क्रमांकाचे पहिले दोन अंक राज्य संहितेचे प्रतिनिधित्व करतात. उदाहरणार्थ वरील नमुना क्र. 08 हा राजस्थानचा राज्य कोड दर्शवितो. اور २. पुढील दहा अंक नोंदणीकृत करदात्याच्या पॅनचे प्रतिनिधित्व करतात. اور 3. पुढील संख्यात्मक अंक क्रमांक दर्शवते. करदात्याने राज्यात घेतलेल्या नोंदणीची नोंद 1 सूचित करते की त्याने एका विशिष्ट राज्यात फक्त एक नोंदणी केली आहे. اور The. पुढील वर्णमाला झेड निश्चित अक्षरे आहेत. اور Above. शेवटचा अंक म्हणजे वरील नमुन्यात हा एक अद्वितीय अंक दर्शविला जातो जो वेगवेगळ्या करदात्यासाठी वेगळा असतो. اور اور जीएसटी क्रमांक पुढील कोणत्याही पर्यायांद्वारे जीएसटी साइटवर शोधला जाऊ शकतो: اور (१) जीएसटीआयएन मार्फत म्हणजे जीएसटी क्रमांक जीएसटी द्वारे शोध. (२) पॅनद्वारे म्हणजे पॅनद्वारे जीएसटी शोध ()) रचना करदाता शोधा اور जीएसटी साइटच्या मुख्य पानावर म्हणजेच www.gst.gov.in वर पर्याय शोध करदात्या अंतर्गत सुविधा उपलब्ध आहे. आपण वरील कोणत्याही फील्ड इनपुट करू शकता आणि करदात्यांचा तपशील शोधू शकता. पॅन शोधण्यासाठी आवश्यक आहे. पॅनशिवाय आपण कोणत्याही करदात्यास शोधू शकत नाही. करदात्याच्या नावाने जीएसटी क्रमांक शोधणे शक्य नाही. اور उपरोक्त सुविधा विशिष्ट जीएसटी नाही की नाही हे ओळखण्यास मदत करते. बरोबर किंवा बनावट आहे. जर बनावट जीएसटी क्र. कोणत्याही बिलामध्ये नोंदवले गेले आहे, आपण तेच तपासले पाहिजे आणि संबंधित डीलरला त्याबद्दलची काळजी नोंदविली पाहिजे. कृपया लक्षात घ्या की सध्या कंपनीच्या नावाने किंवा फर्मच्या नावाने जीएसटी शोधण्यासाठी कोणतीही सुविधा उपलब्ध नाही म्हणजेच जर ट्रेडचे नाव जीएसटी प्रविष्ट केले असेल तर शोधले जाऊ शकत नाही. اور जीएसटीआयएन शोधण्यासाठीचा दुवा खालीलप्रमाणे आहेः اور اور اور Searching for a GST Number Conducting a GST number search in India is a pivotal step for individuals or entities to verify the authenticity and details of a GST registration . GST number search tools enable users to search for a GST number using various parameters, including by name or PAN (Permanent Account Number). These tools facilitate the GST number search by company name or firm name, providing a means to authenticate the GST details associated with a particular entity. Moreover, searching GST numbers by name aids in identifying GST details linked to specific individuals or businesses, ensuring the accuracy and validation of their GST registration. The GST Department offers a user-friendly facility on its official website, www.gst.gov.in , to search for GST Numbers. Here are the available options for searching: 1. GST Number Search Using the GST Number search option, you can directly input a GSTIN to find specific taxpayer details. This method is particularly useful when you already have the GST Number and want to verify its accuracy. The facility is available on the main page of the GST site i.e. www.gst.gov.in under the option search taxpayer. You can input any of the fields above and search for the taxpayer details. However, the PAN is a must for the search. Without PAN you cannot search any taxpayer. GST number search by the name of the taxpayer is not possible. The above facility helps to identify whether a particular GST no. is correct or fake. In case fake GST no. has been reported in any bill, you must check the same and report the concern to the respective dealer. Please note that presently there is no facility available for GST search by company name or firm name i.e. if a trade name is entered GST no cannot be searched. 2. PAN-based Search Another option is to search for a GST Number based on the PAN of the taxpayer. This method allows you to retrieve GSTINs associated with a particular PAN. It can be helpful when you have the PAN but not the GST Number. The process of GST No search by name involves utilizing dedicated online portals or platforms designed for GST details search. These search tools allow users to find GST numbers by entering relevant information such as the name of the taxpayer or the company. Additionally, users can search for GST numbers by PAN, providing a more targeted approach to identifying GST registrations associated with specific PAN cardholders. This search-by-name feature simplifies the process of retrieving GST numbers and related details, ensuring seamless verification of GST registrations. 3. Composition Taxpayer Search If you are specifically looking for information about a composition taxpayer , you can utilize the Composition Taxpayer search option. This search helps you identify taxpayers who have opted for the composition scheme. The GST No. can be searched at the GST site through any of the following options: (1) Through GSTIN i.e., GST search by GST No. (2) Through PAN i.e., GST search by PAN (3) Search Composition Taxpayer In conclusion, the GST Number search facility provided by the GST Department allows you to verify the authenticity of a GST Number and access important taxpayer information. By understanding the components of a GST Number and utilizing the available search options, you can ensure the accuracy of GSTINs and report any suspicious activity. Remember, the GST Number search is invaluable in maintaining transparency and compliance within the GST framework GST करदात्याचा शोध घेण्यासाठी चरण-दर-चरण प्रक्रिया खालीलप्रमाणे आहे: (a) जीएसटी क्रमांकाद्वारे म्हणजे जर तुमच्याकडे करदात्याचा जीएसटी क्रमांक असेल १. www.gst.gov.in ला भेट द्या 2. GSTIN/UIN द्वारे शोधा क्लिक करा 3. करदात्याचा GSTIN प्रविष्ट करा आणि तुम्हाला सर्व तपशील सापडतील (b) करदात्याच्या पॅनद्वारे 1. www.gst.gov.in ला भेट द्या Search with PAN 2. शोध करदाता वर जा - PAN द्वारे शोधा 3. पॅन प्रविष्ट करा आणि करदात्याचे सर्व तपशील उपलब्ध होतील Verifying the Authenticity of a GST Number The GST Number search facility provided by the GST Department plays a crucial role in verifying the authenticity of a GST Number. It enables you to identify whether a particular GSTIN is genuine or fake. If you come across a suspicious or fake GST Number on a bill or document, it is essential to verify it and report the concern to the respective dealer or authority. Here are some strategies that are essential for businesses to verify the authenticity of GSTINs and maintain compliance with GST regulations, preventing errors and potential fraud. Toolsets for Managing GST Numbers Finding GST numbers by name or PAN is crucial for obtaining accurate and verified GST details for taxpayers or businesses. Using these search methods enables individuals to access comprehensive information about GST registrations, ensuring compliance and authenticity in business dealings. Moreover, performing a GST number search with name or PAN helps in cross-verifying and validating the GST details provided by entities, enhancing transparency and trust in business transactions. These search functionalities contribute to a streamlined process for individuals or entities to verify GST numbers and gather detailed information about registered taxpayers or businesses. Online tools and software simplify GST registration and compliance, making it easier for businesses to navigate the system. These are listed below: Strategies/Hacks/Use Cases for Efficient GSTIN Management This concise table provides a summarized overview of various aspects of efficient GSTIN management, including strategies, hacks, and use cases Leveraging the latest data for GSTIN management is crucial for businesses to maintain compliance and operational efficiency. Real-time verification, API integration with the GSTN, and collaboration with GST Suvidha Providers (GSPs) provide access to the current information. जीएसटी रिटर्न भरणे सोपे झाले आहे परवडणाऱ्या किमतीत तज्ञांच्या सहाय्याने GST नोंदणी आणि रिटर्न फाइलिंग मिळवा आता सुरू करा
- FORM 27EQ | Total Value of Purchase in TCS Return 27EQ | Karr Tax
Unlock everything about Form 27EQ and Tax Collected at Source (TCS) with our comprehensive guide. Stay on top of your tax responsibilities effortlessly! FORM 27EQ: Price List टीसीएस फॉर्म 27EQ परतावा तू निवड कर मानक टीसीएससाठी फॉर्म 27EQ रु. 1499 आता प्रारंभ करा फॉर्म 27EQ FORM 27EQ: FAQ Understanding Tax Collected at Source (TCS) might feel a bit tricky initially, but don't worry—we're here to simplify it for you. In simple terms, TCS is like a tax collected by the seller from the buyer, and this amount is then handed over to the government. It's like the seller acting as a tax collector on behalf of the government. Now, let's explore the fundamental aspects of TCS and Form 27EQ together. Understanding Form 27EQ Form 27EQ is the document where all the nitty-gritty details about the Tax Collected at Source by the seller are recorded. This form holds vital details about the tax collected and forwarded to the central government. Sellers need to submit it every quarter, and it's crucial to stick to those submission deadlines. What is Tax Collected at Source? Simply put, TCS is the direct tax or income tax collected by the seller while selling a product at a specified price. It's a way for the government to ensure that taxes are paid promptly at the source, i.e., during the sale itself. The difference between TDS and TCS Form 27EQ isn't just for one group of people; it applies to both corporate and government collectors and deductors. These are the entities responsible for collecting and depositing TCS. Who Needs to File Form 27EQ for TCS Returns? Here are the types of organizations and individuals that must file Form 27EQ for TDS returns: Corporate collectors and deductors including Firms and LLPs Government collectors and deductors Individuals and HUF having turnover above 1 Cr. Specified Goods Subject to TCS TCS isn't applicable to all goods. It's collected on specific items, including: Alcoholic Liquor for human consumption Tendu leaves Timber obtained under a forest lease Timber obtained by any other means Other forest produce (excluding timber and tendu leaves) Scrap Minerals like coal, lignite, or iron ore Sale of goods when the consideration exceeds INR 50,00,000 during a Financial yea r Sale of Cars (New and Old) when the sale value is above INR 10,00,000 Details Needed for Form 27EQ Filling out Form 27EQ is relatively straightforward if you have the necessary information on hand: Collector/Seller: TAN (Tax Deduction and Collection Account Number), PAN (Permanent Account Number), Name, Address, and Contact Details. Responsible Person: Name, PAN, Address, and Contact Details. Challan: Challan serial number, BSR Code (Bank and Branch), TDS, Surcharge, and Education Cess. Deduction: Buyer's Name, PAN, Total purchase value, TCS amount collected and deposited. Sections of Form 27EQ The form is divided into sections for easy organization: Section 1: Contains details like TAN, PAN, financial year, and assessment year. Section 2: Collectors provide their information here. Section 3: Information about the person in charge of tax collection. Section 4: Tax collection and deposit details, including codes, amounts, and dates. Section 5: Taxpayer details and signatures. Due Dates for Form 27EQ Meeting deadlines is crucial when it comes to Form 27EQ. Below are the deadlines for each quarter: Q1 (April - June): On or before 15th July Q2 (July - September): On or before 15th October Q3 (October - December): On or before 15th January Q4 (January - March): On or before 15th May Check the Due Date Calendar for Income Tax and GST in India . How to Download Form 27EQ Downloading Form 27EQ is a breeze. Just follow these steps: Visit the NSDL official website . Navigate to the 'Downloads' tab on the Menu and choose 'E-TDS/E-TCS.' Select 'Quarterly Returns' and click 'Regular.' Find Form 27EQ, click to open it, and download or print as needed. Important Update: Kindly be aware that the deadline for filing TDS Returns in Form 26Q , 27Q & 27EQ for the first quarter of the financial year 2023-24 has been postponed to September 30, 2023, in accordance with the Income Tax Circular issued by the Central Board of Direct Taxes (CBDT). Penalties for Late Submission Filing Form 27EQ on time is crucial to avoid penalties. Late submission can result in: A late fee of Rs. 200 per day until filing, with the cumulative late fee not exceeding the TCS amount. Non-filing penalties range from Rs. 10,000 to Rs. 1,00,000, depending on the severity of the delay. To sum it up, Form 27EQ plays a crucial role in making sure taxes are collected and paid seamlessly. When sellers grasp the process and meet the deadlines, they not only sidestep penalties but also play a part in maintaining an efficient tax system . Form 27EQ is essential for TCS (Tax Collected at Source) compliance in India, primarily for the sale of goods. It is used to report and file TCS returns. The collection code for TCS on the sale of goods is specified within this form. Understanding the correct collection code is crucial when making payments and filing the 27EQ return. This form serves the purpose of recording TCS on goods and ensuring tax compliance. Be aware of the 27EQ TDS return due date to meet your obligations and avoid penalties. Form 27EQ plays a significant role in the TCS process, providing information on the total value of purchases subject to TCS. पीडीएफ मध्ये फॉर्म 27EQ डाउनलोड करा
- How to check Income Tax Refund Status | Karr Tax
Find the easiest way to track your income tax refund status with our comprehensive guide. आपली आयकर परतावा स्थिती कशी तपासावी What is Income Tax Refund? आपण स्वत: च्या माध्यमातून किंवा कोणत्याही एजन्सीद्वारे किंवा सीएमार्फत आयटी रिटर्न दाखल केले असेल परंतु बर्याच वेळा, आपण विचार करू शकता की परतावा आपल्या खात्यात किंवा त्यासारख्या प्रकरणांमध्ये जमा झाला नाही. اور प्राप्तिकर विभागाने गेल्या अनेक सहाय्यकांच्या तुमच्या प्राप्तिकर परताव्याच्या ऑनलाईन तपासणीची सुविधा उपलब्ध करुन दिली आहे. www.tin-nsdl.com वेबसाइटवर जाऊन ऑनलाइन वर्षे. اور आपल्या आयटी परताव्याचे काय झाले याची सविस्तर माहिती आपल्याला आपल्या खात्यात जमा झालेल्या तारखेची, कोणत्याही थकबाकीच्या मागणीनुसार ते समायोजित केली गेली आहे की नाही. तथापि कोणतीही माहिती उपलब्ध नसल्यास, याचा अर्थ असा की आपल्या परताव्यावर अद्याप प्रक्रिया केली गेली नाही किंवा ती आपल्या प्रक्रियेतील काही समस्या आहेत. अशा प्रकरणात, आपल्याला त्यास इफिलिंग साइट म्हणजेच www. येथे भेट द्यावी लागेल. आयकमॅक्सिंडियाफिलिंग .gov.in, आपल्या खात्यात लॉगिन करा आणि आपल्या रिटर्न प्रक्रियेची स्थिती पहा. اور اور आपल्या आयटी परताव्याची स्थिती तपासण्यासाठी اور اور اور اور When Are You Eligible To Claim An Income Tax Refund? Excess TDS Deducted Employers deduct taxes according to the documents, such as proofs for investments like 8 0C or medical insurance premiums . In any case, if the employee can't furnish proof by the financial year's end, the employer might deduct higher taxes. Further, according to their eligibility, the employee can claim the benefits later by filing the IT return, such as ITR-1 , ITR-2 , etc, and seek a refund of the excess taxes paid. Income Below Taxable Bracket Individuals with income less than the taxable threshold (e.g., less than Rs 5 lakh) may not be required to pay taxes. Yet, their taxes got deducted. So they can seek a refund on the excess tax deducted. Excess Advance Tax Paid If the advance tax paid on self-assessment exceeds the actual tax liability for the financial year, taxpayers can claim a refund while filing their Income Tax Return (ITR). Doubly Taxed Income (DTAA) Entities earning taxable income in more than one country due to being a citizen of one country and receiving income from another may claim a tax refund. Double Taxation Avoidance Agreements (DTAA) allow non-residents to claim a refund if their income is taxable in multiple countries. Excess TDS on Interest Income Banks may deduct TDS on interest accrued from FDs or bonds if it exceeds the specified limit in the Income Tax Act. Taxpayers can claim a refund if excess TDS is deducted. All the instances mentioned above are subjective, so seeking advice from a professional tax expert from Karr Tax is suggested to ensure compliance with tax laws and guidelines to facilitate a smooth refund process. How To Claim An Income Tax Refund? To initiate the process of claiming an income tax refund, the taxpayer needs to file their Income Tax Return (ITR) . The department will consider the ITR for refund processing only if it is verified through online modes or by sending a signed copy of ITR-V through offline means. Have you filed your Income tax return to claim a refund? If not, get started with Karr Ta x's user-friendly platform. Want to save on taxes? Get it touch with our tax professionals to know the strategies! How To Check IT Refund Status? Once the refund is processed, you can check the refund status in the following ways. The Income Tax E-filing Portal Follow the below steps sequentially. Step 1.) Visit the official Income Tax portal website and log in to the account using your PAN and password. Step 2.) Go to the “services” section, select "Know your Refund status’ and choose Assessment Year. Step 3.) Here, you can check the refund status of refund determined after 31st March,2023. For Refunds issued prior to this date, you have to follow below mentioned process. The TIN NSDL Portal Here are the steps to check IT refund status via the TIN NSDL Portal. Step 1.) Visit the official TIN NSDL Portal , and you will see a page shown in the image Step 2.) Enter your PAN number, assessment year, and fill in the captcha. Then, click “Proceed.” Once done, you will get all the details of your TDS refund status. Here is a list of some common terminologies for various income tax refund statuses. Refund Paid: Your income tax refund has been successfully transferred to your bank account. No Demand, No Refund: This status indicates that the tax amount deducted is accurate and the income tax department does not owe you any refund. Demand Determined: Your demand for a refund has been rejected, and the department's calculation suggests that you need to pay additional tax. ITR Proceeds Determined and Sent to Refund Banker: It implies that your income tax refund has been processed, and the amount has been sent to the refund banker for further processing. Refund Failure: The IT department has issued the refund, but it was not processed due to bank detail errors. Rectification Proceeded On, No Demand, No Refund: The income tax department has proceeded with rectifying your return, and there is neither a demand for additional payment nor a refund owed. Rectification Proceeded, Demand Determined: The rectified income tax refund request has been accepted, but the demand for additional tax payment has been determined. This amount needs to be paid within 30 days of the notice. Frequently Asked Questions (FAQs) 1.If my refund status displays “Refund Failure,” can I apply for that again? You can raise a “Refund Reissue” request under the ‘Services’ tab and add the bank account number where you want the credited refund. It will only be processed if the bank account is pre-validated. 2.I have changed my bank account number and want to change this in IT return. How to do this? If you need to update your bank account number in your income tax return, it is typically applicable in cases of refund failure. Where your IT Return has been processed, a refund was generated, but you have yet to receive it. To change the bank account number under such circumstances, follow these steps: Log in to the official income tax website. Navigate to 'Services' and select 'Refund Reissue.' Create a refund reissue request, specifying the updated bank account details where you want the refund to be credited. Ensure the new bank account is pre-validated, as the refund will only be credited to pre-validated accounts. Submit the refund reissue request. 3.How to check my income tax refund status online? You can check your IT return refund status online in two ways. By the Income Tax E-filing Portal By the TIN NSDL Portal 4.Is IT refund taxable? No, income tax refunds are not taxable as they are the return of excess income tax a taxpayer has paid to the government throughout the year. Since the refund is essentially the return of your own money that you overpaid in taxes, it is not treated as new income. Therefore, it is not subject to additional taxation. 5.Some of my personal details have changed. How can I update the address, email ID, and mobile number I provided in my Income Tax Return? To update your contact information, log in to the income tax e-filing website and navigate to 'My Profile.' Click 'Edit Contact' and enter your new address, email ID, or mobile number. Once you submit the changes, your updated contact details will be reflected in your profile and automatically sent to the Central Processing Center (CPC) for updating in your income tax return. 6.What is the meaning of the term “Restricted Refund”? Restricted refund refers to the error that arises due to the inconsistency between your PAN and bank account number. 7.Is there any compensation for a delayed income tax refund? In the case of a delayed income tax refund, you are entitled to receive compensation. You will be eligible for an interest payment of 0.5% per month or part of the month on the amount that was due to you. This interest accrues from the 1st of April of the assessment year and continues until the date when your refund is granted. 8.What could be the reasons for delayed income tax refunds? There can be several reasons behind this situation. Processing Status Your Income Tax Return might still need to be processed. Inspect the status by logging into the income tax e-filing website. No Refund Determined Your income tax return might have been processed, but the Income Tax Department has determined that no refund is applicable in your case. Refund Not Credited Your income tax return could have been processed with a refund, but it has yet to be credited to your account. Ensure that you have pre-validated your bank account. इथे क्लिक करा
- ITR - 3 Filing Online | Check Applicability | Karr Tax
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 ➡


