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  • Prebooking Offer | Karr Tax

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

  • Plans & Pricing | Karr Tax

    Choose your pricing plan Free Trial ₹ ०.०० ०.००₹ Upto 10 Clients Valid for 14 days Select Free for 14 days Email Reminders Standard ₹ ४९.०० ४९.००₹ Every month Upto 50 Clients. Select Import Clients from CSV File Email Reminders No MagiccTax Watermark on Emails! Premium ₹ ९९.०० ९९.००₹ Every month Upto 150 Clients. Select Import Clients from CSV File Email Reminders No MagiccTax Watermark on Emails! Unlimited ₹ ४९९.०० ४९९.००₹ Every month Unlimited Clients Select Import Clients from CSV File Email Reminders No MagiccTax Watermark on Emails! MagiccTax - Upto 150 clients (Email & SMS) - 6M ₹ २,२५०.०० २,२५०.००₹ Upto 150 Clients Valid for 6 months Select Email + SMS Reminders No MagiccTax Watermark MagiccTax - Upto 150 clients (Email & SMS) - 1Y ₹ ४,५००.०० ४,५००.००₹ Upto 150 Clients Valid for one year Select Email + SMS Reminders No MagiccTax Watermark MagiccTax - Upto 50 clients (Email Only) - 1Y ₹ ९००.०० ९००.००₹ Upto 50 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 200 clients (Email Only) - 1Y ₹ ३,६००.०० ३,६००.००₹ Upto 200 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 50 clients (Email Only) - 6M ₹ ४५०.०० ४५०.००₹ Upto 50 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 151 clients (Email Only) - 1Y ₹ २,७१८.०० २,७१८.००₹ Upto 151 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 100 clients (Email Only) - 1Y ₹ १,८००.०० १,८००.००₹ Upto 100 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 51 clients (Email Only) - 1Y ₹ ९१८.०० ९१८.००₹ Upto 51 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 35 clients (Email Only) - 1Y ₹ ६३०.०० ६३०.००₹ Upto 35 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 52 clients (Email Only) - 1Y ₹ ९३६.०० ९३६.००₹ Upto 52 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 53 clients (Email Only) - 1Y ₹ ९५४.०० ९५४.००₹ Upto 53 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 375 clients (Email Only) - 1Y ₹ ६,७५०.०० ६,७५०.००₹ Upto 375 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 2 clients (Email Only) - 1Y ₹ ३६.०० ३६.००₹ Upto 2 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 50 clients (Email & SMS) - 6 Mth ₹ ७५०.०० ७५०.००₹ Upto 50 Clients Valid for 6 months Select Email + SMS Reminders No MagiccTax Watermark MagiccTax - Upto 200 clients (Email Only) - 6M ₹ १,८००.०० १,८००.००₹ Upto 200 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 201 clients (Email Only) - 6M ₹ १,८०९.०० १,८०९.००₹ Upto 201 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 201 clients (Email Only) - 1Y ₹ ३,६१८.०० ३,६१८.००₹ Upto 201 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 6M ₹ ०.०० ०.००₹ Upto Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 6M ₹ ०.०० ०.००₹ Upto Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 50 clients (Email Only) - 1Y ₹ ९००.०० ९००.००₹ Upto 50 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 50 clients (Email Only) - 6M ₹ ४५०.०० ४५०.००₹ Upto 50 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 51 clients (Email Only) - 1Y ₹ ९१८.०० ९१८.००₹ Upto 51 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 202 clients (Email Only) - 6M ₹ १,८१८.०० १,८१८.००₹ Upto 202 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 210 clients (Email Only) - 1Y ₹ ३,७८०.०० ३,७८०.००₹ Upto 210 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 150 clients (Email Only) - 1Y ₹ २,७००.०० २,७००.००₹ Upto 150 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 151 clients (Email Only) - 1Y ₹ २,७१८.०० २,७१८.००₹ Upto 151 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 200 clients (Email Only) - 1Y ₹ ३,६००.०० ३,६००.००₹ Upto 200 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 201 clients (Email Only) - 1Y ₹ ३,६१८.०० ३,६१८.००₹ Upto 201 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 100 clients (Email Only) - 1Y ₹ १,८००.०० १,८००.००₹ Upto 100 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 101 clients (Email Only) - 1Y ₹ १,८१८.०० १,८१८.००₹ Upto 101 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 102 clients (Email Only) - 1Y ₹ १,८३६.०० १,८३६.००₹ Upto 102 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 202 clients (Email Only) - 1Y ₹ ३,६३६.०० ३,६३६.००₹ Upto 202 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 211 clients (Email Only) - 1Y ₹ ३,७९८.०० ३,७९८.००₹ Upto 211 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 52 clients (Email Only) - 1Y ₹ ९३६.०० ९३६.००₹ Upto 52 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 51 clients (Email Only) - 6M ₹ ४५९.०० ४५९.००₹ Upto 51 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 300 clients (Email Only) - 1Y ₹ ५,४००.०० ५,४००.००₹ Upto 300 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 1 clients (Email Only) - 1Y ₹ १८.०० १८.००₹ Upto 1 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 100 clients (Email Only) - 6M ₹ ९००.०० ९००.००₹ Upto 100 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 5 clients (Email Only) - 1Y ₹ ९०.०० ९०.००₹ Upto 5 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 2 clients (Email Only) - 1Y ₹ ३६.०० ३६.००₹ Upto 2 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 205 clients (Email Only) - 6M ₹ १,८४५.०० १,८४५.००₹ Upto 205 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 10 clients (Email Only) - 1Y ₹ १८०.०० १८०.००₹ Upto 10 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 1 clients (Email Only) - 6M ₹ ९.०० ९.००₹ Upto 1 Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 1 clients (Email & SMS) - 6M ₹ १५.०० १५.००₹ Upto 1 Clients Valid for 6 months Select Email + SMS Reminders No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 6M ₹ ०.०० ०.००₹ Upto Clients Valid for 6 months Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 12 clients (Email & SMS) - 1Y ₹ ३६०.०० ३६०.००₹ Upto 12 Clients Valid for one year Select Email + SMS Reminders No MagiccTax Watermark MagiccTax - Upto 11 clients (Email Only) - 1Y ₹ १९८.०० १९८.००₹ Upto 11 Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 10 clients (Email & SMS) - 1Y ₹ ३००.०० ३००.००₹ Upto 10 Clients Valid for one year Select Email + SMS Reminders No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto clients (Email Only) - 1Y ₹ ०.०० ०.००₹ Upto Clients Valid for one year Select Email reminders only No MagiccTax Watermark MagiccTax - Upto 50 clients (Email & SMS) - 6M ₹ ७५०.०० ७५०.००₹ Upto 50 Clients Valid for 6 months Select Email + SMS Reminders No MagiccTax Watermark MagiccTax - Upto 200 clients (Email & SMS) - 6M ₹ ३,०००.०० ३,०००.००₹ Upto 200 Clients Valid for 6 months Select Email + SMS Reminders No MagiccTax Watermark

  • Get Your 80G Registration Done with KarrTax: Tax Deductions Made Easy

    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

  • ITR - 7 | Karr Tax

    ITR - 7: Price List आयटीआर 7 फिलिंग्ज ए.वाय.आर. 2021-22 ₹4999 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

  • TAN Registration | Karr Tax

    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

  • HSN / SAC Code Search | Karr Tax

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

  • GST Registration Online in India | Karr Tax

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

  • Expert Consultation | Karr Tax

    तज्ञ सल्ला कोणतीही मदत आणि तज्ञ सल्ला आवश्यक आहे किंमत फक्त रु. 299 आयकर, टीडीएस आणि जीएसटी हे एक जटिल विषय आहेत आणि बहुतेक वेळा तज्ञांचा सल्ला घ्यावा लागतो. हे बर्याच वेळा घडेल की करदात्यास एखाद्या विशिष्ट विषयाबद्दल गोंधळ उडालेला असेल आणि योग्य निर्णय घेण्यास अडचण होईल. प्राप्तिकर क्षेत्रातील तज्ञांचा सल्ला म्हणजे उत्पन्नाचे स्त्रोत, कपात उपलब्ध असणे, कर वाचविण्यासाठी योग्य गुंतवणूकीची पद्धत निवडणे, प्राप्तिकरांची गणना, भांडवली नफा कर, Advanceडव्हान्स टॅक्स, व्याज इ. जीएसटीच्या क्षेत्रातील तज्ञांचा सल्ला नोंदणी आवश्यकतेपासून, नोंदणीची प्रक्रिया, इनपुट टॅक्स क्रेडिट उपलब्धता, रचना विक्रेतांसाठी पर्याय निवडणे, व्याज आणि उशीरा फी इत्यादी आणि बरेच काही असू शकते. اور आमच्याकडे https://onlineindiataxfilings.net वर थेट आणि अप्रत्यक्ष कर क्षेत्रातील विस्तृत अनुभव असलेल्या चार्टर्ड अकाउंटंट्ससह तज्ञांची एक टीम आहे जी आपल्याला निर्णय घेताना आपण अवलंबून राहू शकतील अशा सर्वात अचूक सल्लामसलत प्रदान करेल. اور اور प्रक्रिया 1. आपली क्वेरी सबमिट करा 2. देय द्या Ced. कॉल कॉल करा! It's. हे झाले !!!!! What does Tax Consultant Do? Seeking tax consultation online has become a convenient way for individuals and businesses to access expert advice on income tax matters. Various platforms offer income tax consultation services provided by tax experts in India. Engaging with an online tax consultant ensures access to professional guidance and expertise in navigating complex tax regulations. These consultants specialize in consultancy for income tax calculation , offering tailored advice based on individual or business-specific tax situations. Find Income Tax Consultant Online Finding a tax expert or advisor online enables individuals to access free tax advice on specific tax-related queries or concerns. This avenue proves valuable in addressing tax-related queries promptly and efficiently. Additionally, individuals often search for a tax consultant or advisor near them, seeking localized assistance and face-to-face consultations for their tax matters. Whether seeking advice online or nearby, engaging with a tax expert ensures access to comprehensive guidance and accurate information regarding income tax implications and calculations. प्रक्रिया 1. आपली क्वेरी सबमिट करा 2. पेमेंट करा 3. कॉलचे वेळापत्रक! 4. हे पूर्ण झाले !!!!! आपली क्वेरी येथे पोस्ट करा प्रस्तुत करणे

  • 12A Income Tax Registration for Trusts and NGOs | Karr Tax

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

  • ITR - 6 | Karr Tax

    ITR - 6: Price List आयटीआर 6 फिलिंग्ज ए.वाय.आर. 2021-22 तू निवड कर ₹4499 For Companies Takes 1-2 Days on average. ✅ Expert Assisted ✅ Completely Secure ✅ Affordable Pricing Get Started सर्व आयटीआर 6 फॉर्म फॉर एय. 2021-22 चार्टर्ड अकाउंटंटद्वारे कंपनीचे संपूर्ण वित्तीय स्टेटमेंटचे विधिवत ऑडिट. जर कंपनीची उलाढाल रू. २ कोटी Tax 44 एबी स्वतंत्र कर ऑडिटदेखील लागू आहे आणि फॉर्म CA सीए आणि CD सीडी मधील कर ऑडिट अहवाल स्वतंत्रपणे दाखल करायचा आहे. फॉर्म 16 ए / 26 एएस वजा करण्याचा दावा केला आहे आयटीआर -6 दाखल करण्यासाठी आवश्यक कागदपत्रे ITR-6 is the specific income tax return form designed for companies, including Section 8 companies or Non-Profit Organizations (NPOs) that do not claim exemption under Section 11 of the Income Tax Act. This form caters to companies other than those that claim exemption under Section 11, such as charitable or religious trusts. Section 8 companies, which are formed for promoting various social causes or charitable objectives, fall under the purview of ITR-6 for reporting their income. Understanding how to file ITR-6 is crucial for these entities to comply with income tax regulations and fulfill their tax obligations, ensuring accurate disclosure of their financial particulars. According to Section 11 of the Income Tax Act 1961, companies not claiming an exemption are req uired to file their IT return in the ITR-6 Form. Which companies are eligible for exemptions under section 11? Organizations whose property income is held for religious or charitable purposes. Political parties recorded under the Representation of the People Act, 1951. NGOs formed under the Societies Registration Act participate in activities like education, healthcare, promotion of culture, etc. Companies under Section 8 of the Companies Act of 2013 doing charity endeavors and social welfare. Who is Eligible For ITR-6 Filing? The ITR-6 return form is furnished by all the companies under the Companies Act 2013 or the earlier Companies Act 1956. However, if an organization’s income source comes from a religious or charitable property, they are not required to file this return form. E-filing Audit Reports If the assessee is required for Audit u/s 44AB and a certified accountant has audited the accounts, then the below details should be submitted to the department, which includes Audit report details, Auditor, and The date of furnishing How To File ITR 6 Filing ITR-6 involves the use of the Income Tax Department's e-filing portal, where companies, including Section 8 companies, can fill, download, and submit the form electronically. This online filing process simplifies tax compliance for these entities, providing a streamlined approach to report their income and maintain accurate financial records. ITR-6 form download is available on the official income tax e-filing portal, allowing companies, including Section 8 companies, to access the necessary form for reporting their income and ensuring compliance with tax regulations. Understanding the taxation norms applicable to Section 8 companies and the relevance of ITR-6 aids these entities in fulfilling their tax responsibilities while contributing to their respective charitable or social causes. Structure of the ITR-6 Form ITR-6 form is divided into two parts: Part A and Part B. Each part has its subsections with multiple schedules. Here, we will explain both of these parts in detail! Part A: General information: This subsection includes basic details such as Taxpayer's name and address PAN (Permanent Account Number) of the company Challan Identification Number Date of filing the return Status of the taxpayer (e.g., company) Details of the audit, if applicable Part A-BS: Balance Sheet: Here, details of the company’s balance sheet, such as the liabilities, current liabilities, share capital, and more, are included. Part A-BS-Ind AS: Here, details of the company’s balance sheet according to the financial year or as on the date of the business combination are included. Part A-Manufacturing Account: This subsection encompasses manufacturing account details related to inventory, such as Opening stock, Closing stock, and Cost of the produced goods. Part A-Trading Account: It requires details related to the company's income and expenditure. Part A-P&L: Profit and Loss Account: Detailed financial statements of the company's profit or the loss incurred during the respective financial year. Part A-OI: Other information: Details about the business activity, partners, shareholding pattern, etc. Part A-QD : Quantitative details Part A-OL: Payment and Receipt account of company under liquidation. Part A -Manufacturing Account-Ind AS Part-B - 42 schedules are there in this section. Here’s a detailed explanation. Tax Payments Advance Tax and Self-Assessment tax payment details. TDS (Tax Deducted at Source) details. TCS (Tax Collected at Source) details. Due Dates For Filing ITR-6 Form How To File The ITR-6 Form ITR-6 return filing involves several steps, as specified below the sequence for filling out parts and schedules. Part A ( and its subsection) All the Schedules Part B ( its subsection) Verification After all the required information is furnished, the IT return is filed online by affixing the assessee's DSC (Digital Signature). Also, if you need assistance regarding ITR-6 return filing, contact us at https://www.karrtax.in/ . No Annexures Required You are not required to include any documents, such as TDS certificates, with your ITR-6 return. Instead, it is recommended that taxpayers compare the taxes deducted, collected, or paid on their behalf with the information in their Tax Credit Statement, also known as Form 26AS . This practice ensures that the details in your return align with the data in Form 26AS and promotes accurate tax filing and compliance. How Karr Tax Can Help You With ITR-6 Return Filing? Assessment & Data Compilation: We are here to assist you in determining if ITR-6 is the appropriate income tax return form for your organization. Our experts will determine the eligibility and provide insights into any exemptions or deductions you may be entitled to. Years of Experience: Karr Tax has a team of tax professionals who are well-versed in Indian tax laws and regulations. They will provide expert guidance and ensure your ITR-6 is accurately filed in compliance with the latest tax rules. Tax Optimization: We will help you identify tax-saving opportunities, deductions, and incentives that may apply to your company. Different Types ITR Filing Services : Our return filing services are not limited to ITR-6, but we offer ITR-1 , ITR-2 , ITR-3 , ITR-4 , and ITR-5 services as well. Compliance and Accuracy: Karr Tax will review your financial statements, schedules, and other documentation to ensure compliance and accuracy in ITR-6 filing. This reduces the risk of errors or dissimilarities that could lead to tax issues. Frequently Asked Questions (FAQs) 1.Who is required to file an ITR-6 return? Companies not eligible for exemption under Section 11 of the Income Tax Act, 1961, such as business companies and charitable trusts , are required to file an ITR-6 form. 2.Who is not eligible for ITR-6 return filing? The below entities are not required to file an ITR-6 return, but they can file the other form according to their eligibility. Individual taxpayers, including salaried employees and professionals. Firms and Limited Liability Partnerships (LLPs) Special Economic Zone (SEZ) Units Entities seeking exemption under Section 11 of the Income Tax Act. 3.Where can I get help with filing ITR-6? You can seek assistance from KarrTax , and we will advise you on various aspects of taxation, including deductions, exemptions, and compliance. 4.What are the penalties for not filing ITR-6 on time? If you fail to file ITR-6 by the due date, you may be liable to penalties and interest on the outstanding tax liability. The penalty amount may vary depending on the delay and the total income. 5.What is the due date for ITR-6 return filing? October 31st, if the company's accounts are audited under the IT Act. November 30th, if the company is required to furnish a report in Form No. 3CEB. July 31st, if the company’s accounts do not require auditing. 6.What documents and information are needed for filing ITR-6? Here is the list of documents required for filing ITR-6. Financial statements, Audited accounts, Profit and loss statements, Balance sheets, and Details of income, Deductions, and Taxes paid आयटीआर 6 डाउनलोड करा

  • File FORM 26QB Online | Download 26QB | Karr Tax

    FORM 26QB: Price List टीडीएस फॉर्म 26 क्यूबी तू निवड कर मानक अचल संपत्तीच्या विक्रीवर टीडीएससाठी फॉर्म 26 क्यूबी रु. 1250 आता प्रारंभ करा FORM 26QB: FAQ फॉर्म 26 क्यूबी म्हणजे काय? Today, we're delving deep into the realm of Form 26QB, the indispensable tool you'll need when navigating the complexities of property transactions. In this article, we aim to demystify every essential aspect of Form 26QB in a clear and jargon-free manner. Whether you're a first-time buyer or a seasoned investor, read on to ensure you're on the right path when dealing with property taxes. Understanding Form 26QB In 2013, the Indian government enacted Section 194IA as part of the Finance Act. This section establishes essential guidelines concerning the sale or purchase of immovable properties. It's the document that seals the deal when you're purchasing an immovable property valued at a minimum of ₹50 lakhs. This includes a wide range of real estate, such as houses, commercial properties, plots, and more—essentially, everything except agricultural land. Who Needs to File Form 26QB? If you're the buyer in a property transaction exceeding ₹50 lakhs, you assume a central role in the process. Remember that for each unique buyer-seller combination, a separate form is required. Two sellers and one buyer? You'll need to fill out two forms. Two sellers and two buyers? It's straightforward—four forms. Calculating TDS on Your Property Tax Deducted at Source (TDS) is calculated based on the stamp duty value of the property, provided it exceeds the actual sale value. Let's consider a scenario where Mr. X is acquiring a property from Mr. Y for ₹70 lakhs, while the stamp duty value remains at ₹75 lakhs. Here's the breakdown: TDS at a rate of 1% will be imposed on the entire ₹75 lakhs, totalling ₹75,000. After deducting TDS, Mr X will receive ₹69.25 lakhs. Remember, the stamp duty value remains the pivotal factor in this calculation. When to File Form 26QB? You must submit Form 26QB within 30 days after the month in which your property transaction took place. If multiple buyers are involved, each one must file their own Form 26QB. Furthermore, within 15 days of the transaction, the buyer should provide the seller with the TDS certificate after depositing the TDS amount. Essential Information for Filing Form 26QB You'll need: PAN of both the seller and the buyer. Address details for both parties. Specifics about the property. Contact information for the buyer and seller. Details regarding the amount credited or debited. Information about tax deposit. Filing Form 26QB Online Since 2022, the Income Tax Department has introduced an easier way to file Form 26QB for TDS, replacing the older TIN NSDL website method. Log in to the E-filing portal using your PAN and password, the same portal for income tax return filing . Choose 'e-pay tax' under the e-file tab. Select 'Form 26QB (TDS on sale of property)' for new payment. Your personal details will be auto-filled based on your profile. Enter seller details, including their PAN (separate forms for co-buyers). Fill in property details (property type, agreement date, total consideration value, and address). Specify the payment type (instalment or lump sum). Enter the consideration amount; tax will be automatically calculated. You can also pay interest if the tax is deposited late. Make the payment using various options (internet banking, UPI, cards, or pay at a bank counter). After successful payment, you'll receive a unique acknowledgement number along with the challan and TDS statement in Form 26QB. (Keep the Acknowledgement Number safe, as it's essential for downloading the TDS certificate.) The challan will also be sent to your registered email. You can access the TDS certificate on the TRACES portal after 5 days. (Note: For Non-Resident sellers, use Form 27Q instead of Form 26QB, following normal TDS rules.) Downloading Form 26QB Visit www.incometax.gov.in to easily download it whenever the need arises. Role of Form 16B Subsequent to remitting the TDS to the government, the buyer is obligated to furnish the TDS certificate, Form 16B, to the seller. This certificate becomes accessible approximately 10-15 days after the TDS deposit. Here are simplified steps for Form 16B download: Visit the TRACES portal (https://contents.tdscpc.gov.in ) and log in using your PAN (Register if it's your first time). Go to the "Downloads" tab and choose Form 16B from the drop-down menu. Select Form 26QB, the assessment year, Acknowledgment number, and the seller's PAN. Then proceed. Your downloaded certificate will be available under the "requested download" section after a few hours. Use your date of birth in DDMMYYYY format as the certificate password. 26QB Penalty Being unaware of tax matters can lead to undesirable consequences. Failing to deduct TDS, issue Form 16B, or file Form 26QB under Section 194-IA of the Income Tax Act can lead to penalties and interest charges . Here's what you should know: A 1% interest penalty will be levied on the undeducted TDS amount if the property buyer neglects this crucial step. For those who forget to remit TDS to the government, a monthly penalty of 1.5% of the deducted amount awaits. In the case of a delay in filing TDS returns , a penalty of ₹200 per day for each day of default shall be imposed. In summary, Form 26QB is your trusted companion in any property transaction exceeding ₹50 lakhs. Section 194-IA of the Income Tax Act mandates a 1% TDS payment through Form 26QB, complete with strict deadlines. Neglecting this form can result in severe penalties and interest charges. Armed with this knowledge, you can now confidently submit your TDS payment via authorized banks, as outlined in this article. Stay on the right side of the taxman and file Form 26QB promptly! 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 ➡ Filing Form 26QB online for TDS on property sale is a straightforward process. Visit the official income tax website and access the form. Fill in the required details, including PAN, property details, and payment information. After validation, proceed to make the 26QB payment online via OLTAS. Ensure accurate filing to avoid any complications. For joint buyers, each co-owner can fill their respective portions of the form. Accessing Form 26QB and following these steps ensures compliance with TDS regulations when selling property in India. To download Form 26QB for TDS on property registration, visit the official income tax website. This form is essential for complying with TDS regulations when buying property in India. After filling it with the required details, proceed with the 26QB online payment process via OLTAS. Ensure timely payment to meet the 26QB due date and avoid penalties. This TDS on property registration is a crucial step to fulfill your tax obligations.

  • Maximize Your Tax Savings By HRA Exemption Calculator | Karr Tax

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

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