Click here to know more about Income Tax Deduction available under Section 80C to 80U of the Income Tax Act for AY 2018-19, AY 2019-20, AY 2017-16. Save your taxes now!
Every time you file Income Tax Return (ITR) you need to verify it otherwise the ITR will become invalid. This guide includes the procedure of e verification as well as offline verification.
Have you filed your Income Tax Returns? Know more before you file. Read our complete guide to filing income tax returns today!
New Form 16 applicable for FY 2018-19. Detailed guide on what is Form 16? How does it works? Who issues Form 16? Difference between Form 16 & 26AS
Read our complete guide on Permanent Account Number (PAN). Apply for a new PAN card now to file your returns for F.Y. 2018-19 on time!
Income tax slabs change every year! Know the current slabs to calculate your tax payable. You can get the assistance of our e-CAs for easy filing of your returns
Read our free guide on Rent Receipts and learn how to claim maximum HRA exemption while calculating tax liability for salaried persons.
It is compulsory to file ITR-1 (SAHAJ) Form by taxpayers who receive salary, pension and has income from house property. Learn more about the ITR-1 form here!
Got a Notice from the Income Tax Department? Learn more about the various Income Tax Notices & how to respond to the same. Need help? Contact us today!
Income Tax Notice u/s 143-(1) is a Happy News from the Income Tax Department! Click here to find out more. Contact us for CA assisted tax filing.
Learn more about Income Tax Notice u/s 139-(9). We, at Tax2win, can help you respond to this intimation. Get in touch with our experts today!
It is now compulsory to link your PAN with Aadhaar card. Tax2win once again extends its services for free in support of this Government Initiative.
The Income Tax Department provides the facility of verifying Income Tax Return offline also.Want to know the step-by-step process to physically verify your ITR? Well, then you are at the right place. This guide will explain you each and everything which y
You can easily e-verify your ITR through Aadhaar OTP. It is one of the quickest methods for verification. However, to verify through aadhaar, your mobile number must be linked to Aadhaar and registered in the Unique Identification Authority of India (UIDA
E-Verify your Income Tax Return in a more secure way. Just read the simple steps and know how to e-verify your Income Tax Return using DSC (Digital Signature Certificate).
You can e-verify your ITR by just signing in your Net banking account. However, to avail this facility, your bank should be approved by the Income Tax Department and you should have an active Net Banking service.
Want to know how to e-verify your ITR through SBI net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through HDFC net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through ICICI net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through Axis net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through Kotak Mahindra Bank net banking? Then you are just a click away from a step by step guide of e-verification.
Want to know how to e verify your ITR through Yes net banking? Then you are just a click away from a step by step guide of e-verification.
For a hassle-free experience, you can verify your ITR through ATM facility. Want to know how to generate EVC for e verification through ATM. Just Click here.
Just click here to read the step by step procedure of e-verifying the income tax return through bank account number. However, to avail this facility, first you need to prevalidate your bank account.
The process of e-verifying your ITR with DEMAT Account is same as with Bank Account. Just need to read the steps and you are done with it.
Which ITR form is applicable on you? Complete guide on the new ITR forms released by CBDT for the FY 2017-18 (AY 2018-19) for e-filing your Income Tax Return.
Income tax notice u/s 142(1) is sent if you have not filed the return or if the returns are incomplete. Contact us today for ease in filing returns!
Received a Notice from the Income Tax Department for Scrutiny assessment or detailed assessment u/s 143(3)? We have the solution. Click here!
Notice u/s 156 is issued by the Income Tax Department in demand of tax payable, interest or penalty. Click here to find out more and to contact us today.
(PMSBY) Pradhan Mantri Suraksha Bima Yojana introduced in 2015 with the objective to provide death and permanent disability coverage to the insured and nominee. Know the enrollment process, form, benefits etc
(RSBY) Rashtriya Swasthya Bima Yojana launched on 1st April, 2008 is a health insurance scheme for meeting the healthcare requirements of the poor people. Know the enrollment process, form, benefits etc
Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by Prime minister of India and bank accounts were opened in volume. Know the scheme benefits, features and objectives.
Forgot your password to the e-filing website? Here is our step-by-step guide to help you reset your password to the e-filing website. Content us for further assistance.
What is Form 15G and Form 15H? Find out more and how you can save TDS on Interest Income by filing form 15G and 15H. Read the Tax2win guide now!
Want to register on the Income Tax website? All you need is your PAN Card, Aadhaar Card, mobile number and a few simple details. Click on the Tax2win guide to register today!
Know the basics of Income Tax before filing your returns. Here is a complete guide on Income Tax, such as Assessment Year, Types of ITR, Form 16, TDS etc.
Haven't filed your Tax Returns yet? Learn how to e-file tax returns, check refund status & other tax utilities. Contact us for assistance in filing your returns today!
Income tax department sends notice u/s 245 for reducing tax refund by adjusting pending tax from refund. Click here to know more!
New Section 234F, added under the Income Tax Act as a part of Budget 2017, imposes fees and penalties for late filing of ITR. Click here to know more!
Know all about the tax saving benefits available under the Income Tax Act for F.Y. 2019-20 (A.Y.2020-21) available for home buyers with and without home loans.
What is Form 26AS? What is the use of Form 26AS? How can I view Form 26AS using TRACES, . All your queries related to Form 26AS answered right here!
Form 60: As per Income Tax Act, PAN is required in various documents or while entering into various transactions. Well, Form 60 comes to the rescue of all such persons who dont have PAN. Lets have an in-depth analysis of this Form.
Updated Income Tax Calendar for F.Y. 2019-20 (A.Y. 2020-21). Know all the month wise important due dates for Deducting or collecting taxes etc.
Know when Income Tax for NRIs is applicable. The Tax Rates, income which needs to be taxed, income tax forms applicable, Due Date of filing ITR etc
If the tax-payer is a disabled individual, he/she can claim a deduction under Section 80U.Know the eligibility, meaning, deduction amount, purpose and conditions attached.
All your queries related to sec 80G like; 80G exemption list, 80G deduction calculation, 80G deduction for AY 2018-19, answered in one place. Visit now!
Click here to know the Aadhaar Card, Aadhar card number, difference between Aadhaar, e-aadhaar and m-aadhaar,use of aadhaar card etc
Read about Three accounting golden rules - Real a/c, Nominal A/c,Personal A/c. Examples on all three golden rules of accounting, debit and credit principles
You have heard a lot about Form 16A but never got a chance to understand in properly? Just click on the link and know everything about Form 16A.
Capital gain tax,Types of capital gain,Types of Capital Asset,Long Term Capital Gains,Short Term Capital Gains,Capital Gains on sale of property,Calculation
Section 80GG helps self-employed/salaried individual or HUF to claim a deduction against the rent paid if they are not receiving any HRA.
Read & learn how you can file ITR for FREE FY 2017-18 (AY 2018-19). File Income Tax Return before due date & avoid Sec 234F penalty.
The last date to file income tax return is 31st July. Know how to fill income from other sources detail in ITR 1 form Sahaj FY 2017-18.
No Change in 80C limit by Budget 2019. What is Sec 80C? What comes under Sec 80C? What is 80C deduction limit? Read this detailed guide for all your queries
e-proceedings digital platform, benefits, Intimation under Prima-Facie Adjustments under section 143 (1) (a), respond to intimations, notices etc.
Form 26AS is a consolidated annual statement containing information about the tax credit of an individual and is issued to the PAN holders. Know more here
Income Tax provisions for Self Employed file ITR 3 or ITR 4 for presumtive taxation under section 44AD etc. Know about the tax rates, due dates etc.
Income Tax deduction under sec 80D for Medical Insurance.Read FAQ on Medical expenditure,preventive health checkup for AY 2018-19, AY 2019-20 & AY 2020-21
Click here to know Section 194IA-TDS on Payment on Transfer of Immovable Property (Not Being an Agricultural Land), requirement, rate & time etc.
Budget 2019:limit increased to 40000.What is 194 &194A TDS on Dividends TDS on interest(other than securities) of income tax.Requirement,Tax Rate,Limits,etc
Relief u/s 89- An employee may receive any arrear or advance salary or salary for more than 12 months etc. then, employee might have to pay higher taxes.
Senior Citizen Saving Scheme (SCSS), eligibility, investment limit, process to open an account under the scheme, documents required, tax exemptions etc.
Click here to know the Section 195- TDS on Other Payments Made to NR (Individual) or Foreign Company, requirement, exception, rate & time etc.
Click here to the Section 194J-TDS on Fees for Professional or Technical Services, requirement,section 28(va),rate & time of deduction,exception etc.
Income tax act provides deduction of interest paid on home loan under Section 24. Provides provision if any house is acquired, constructed using borrowed capital.
CBDT has issued excel utility for Indian Income Tax Return Form ITR 4- Sugam on 09.04.2019. Know who can file and the step by step process of filing ITR 4.
Rectify your Income Tax return & maximize your benefits u/s 154. Detailed guide on grounds necessary for requesting rectification to the Income Tax Department.
click here to know what is Section 193 -TDS on interest on securities,who is required to deduct TDS, tax rate, deduction u/s 193, penalty,exceptions allowed
click here to know Section 194C-TDS on Payment to Contractors,who is required to deduct,specified person,contractor,special rules by government,rate & time.
What is ULIP?Best ULIP, benefits, tax saving, features, different plans and lot more about unit linked insurance plans.Why to invest in ULIP,80C benefit etc
Know all about Public Provident Fund (PPF), Meaning, Benefits, How to open, Tenure, Deposits, Minimum requirements, Withdrawals, Interets Rates FAQ etc
Applicability of the EPFO,services offered by employee provident fund organisation, UAN,structure of EPFO, Registration of Establishments Online, PF and PPF
Beti bachao,beti padhao”.Sukanya Samriddhi Yojana account ensures financial safety for girl child and advantage of tax saving and good return. Min Rs 250..
Step-by-step guide to e-verify your income tax return & Sec 80E. You need to verify your return after filing,if not verified then ITR will not be considered as file.
click here to know The Most Comprehensive Guide on TDS(Tax Deducted at Source) in India,what is TDS,need,requirement,type of payment covered,due date,how.
Investment in ELSS fund is allowed under Section 80C up to Rs. 1, 50,000. It provides an ideal combination of investment in equity with tax-savings.
Under the National Pension System, a government staffer contributes to the pension plan from their monthly payment along with similar offering from their employer.
National Savings Certificates is GOI investment scheme, interest is compounded annually. Both principal and interest enjoy tax benefits. Read more about NSC
Click here to know the bank's fixed deposit, fd, rates of different banks, types of fixed deposit,who can invest, process to calculate interest,NRI & FD's.
Know the different types of insurance policies like Life insurance, medical insurance etc and taxsvaing u/s 80C, 80CCC, 80D etc
Indiapost - Post Office account or Post office savings account is a secured account with the post offices in India with available interest tax benefits.
Sovereign Gold bond is Scheme launched under Gold Monetisation Scheme by governmnet. RBI notifies issue, rates, terms & condition for the scheme.Read more
Know about various types of penalties under income tax act for different acts of mistakes or errors done by the tax-payer and learn how to avoid those income tax penalties.
Read about Sec 80E, Deduction for ineterst paid on education loan for 8 years. Read for eligibility, no limit, loan period, purpose, benefit, and much more
After announcement of total rebate upto Rs 5 lakhs in the interim budget it is expected that Finance Minister, Nirmala Sitharaman will announce reliefs in income tax exemptions limits and much more in the upcoming union budget on 5 July. Read More..
Finance Minister Nirmala Sitharaman presents budget 2019 on 5th July 2019. Read the Key Highlights, Tax Rebates, Relief to MSMEs and major policies introduced.
Budget 2019 Standard deduction limit increased from 40,000(FY 2018-19) to 50,000(FY 2019-20) for salaried individuals. What is standard Deduction? How tax saving increased?
For the income tax purposes Individuals who are aged 60 years and above but below 80 years are called senior citizens. Further, Individuals who are aged 80 years and above are called super senior citizens.
Deduction under Section 80DDB can be levied for several sections of the society, including senior citizens and citizens inflicted by certain types of diseases.
Section 80CCD allows deductions from your taxable income if you invest in the National Pension Scheme or the Atal Pension Yojana scheme.
Understand Salary and its components - Basic, HRA, Travel Allowance, PF, Standard Deduction. Difference bewteen CTC & take home salary. Tax exemptions & benefits.
Section 80TTA of the Income Tax Act 1961 is the section which grants deductions on interest for savings account for up to Rs.10,000/-.
Section 80GGC specifies the deduction of the Income Tax Act which is allowed from the total gross income of an individual assessee for the contributions made to a political party or an electoral trust.
Every person is required to file their tax returns within a fixed deadline & if the time limit is crossed, Section 139 provides the guidelines to deal with late filings of the return.
According to the Income Tax Act, 1961, every salaried person needs to pay an amount from their salary as tax to the country. This amount of tax is called the income tax.
Section 148 of the Income Tax Act, 1961 deals with the issuance of notice wherein any income is found to have escaped re-computation or assessment.
Section 80DD is the deduction for the medical maintenance of a dependant, who is a person with a major disability. The assessee should be an individual or a Hindu Undivided Family (HUF) who should be a resident of India.
The Income Tax, 1961 under Section 80EE provides certain criteria that help the tax-payer to claim a deduction up to Rs. 50,000/ on the interest paid on the home loan.
If any taxpayer will file his or her tax return late, he or she will be charged a penalty in the form of interest under section 234A.
If in any case the taxpayer delays the payment of advance tax, the income tax department impose penal interest in the form of penalty under Section 234C.
If the taxpayer delays the payment of advance tax charged on him or her, he or she will have to pay interest under section 234B.
Any income that is made by the way of brokerage or commission is liable to deduct tax in the form of Tax Deduction at Source (TDS) by a resident individual.
When an income which is not the salary, is received by the payee, form 26Q is used to file the TDS returns. Form 26Q is used to mention the amount of income and the TDS deducted on that income.
ITR-V Rejections can happen due to numerous reasons, including the likes of late submission, absent signature, meagre quality of form received for assessment
The book of Account can help regulate the tax slab you are in, the amount to be deducted as per specific payments and investments, the sources of income and also helps in keeping track of the income variations.
Whether looking to buy house or already own a house, this guide shall give you an insight of tax benefits attached with loan repayment and provide different avenues to reduce tax liability on income from house property.
Udyog Aadhar is the registration process for the companies to list themselves under the Micro Small and Medium Enterprises category of the Government of India.
Under the Income Tax Act, non-profit entities such as charitable trusts, religious organizations, NGOs registered under Section 12A are eligible to claim full exemption from income tax.
Professional Tax is for all whether they are self-employed, salaried or into trading and not just in professions like of a Doctor or a Chartered Accountant.
As per Section 10(14) of the 1961 Income Tax Act, special allowances are given to salaried individuals for covering the educational as well as hostel expenses of their children.
Form 16 is one of the most important forms for salaried employees, it contains all the information regarding the salary paid and the tax deducted.
Section 80QQB of income tax act 1961, states provisions related to Royalty Income. This section includes deductions for royalty income of authors.
Under Section 80RRB, deduction is given to taxpayers for income from royalty on a patent. The assessee is eligible to claim deductions under section 80RRB.
Form 27Q is the statement of TDS return for the non-salary payments done to NRI. The Indian buyer is required to submit the form 27Q every quarter before the due date.
Sec 194 IA of the Income Tax Act, 1961, states that, beginning from June 1, 2013, tax at 1% shall be deducted by the buyer while making the payment for the property.
The interest received from a savings account is taxable under the category, “Income from other sources”. Under Section 80TTA, there is a deduction of Rs 10, 000 on such incomes from interest and thus, only the interest earned beyond Rs 10, 000 comes under
After evaluating one’s total taxable income, reducing deductions and the taxes paid, any pending tax liability at the end of the financial year is known as self-assessment tax.
Section 80CCG was introduced in the Finance Act, 2012 and was part of the Income Tax Act. The other name of this section is the Rajiv Gandhi Equity Savings Scheme (RGESS).
To give relief to small or medium sized taxpayers, the income tax act incorporated scheme of presumptive taxation. Under this scheme of section 44AD the individuals who are running a business are not required to maintain books of account regularly.
Here is a comprehensive guide on TDS Returns that will help you with all your queries, and you won’t have to ask anyone either.
Speculative Income doesn’t have a precise meaning among the terms defined by the Income Tax provision but the term derives itself from the phrase ‘speculative transaction’.
Section 80CCC, Income Tax Act, 1961 allows taxpayers to claim deductions in tax for making contributions towards pension funds.
As per section 80TTB, any senior citizen as a resident individual in India can claim a deduction of up to Rs 50,000 from the interest income earned during the concerned financial year.
The option of the presumptive scheme has always been an interesting as well as a confusing issue among the taxpayers. Here is description about Presumptive Income.
Cashbacks are particularly popular and are generally offered by mobile wallets and credit cards. Let’s understand what these cashbacks are and how they are taxed
The India Post provides such an investment facility wherein the customers can deposit some amount of money as savings from their income as a 5 – Year Recurring Deposit scheme
Read our guide and get detailed information on post office monthly income scheme including key features, interest rate, documents required and withdrawal process!
As per section 89 the employee can claim tax relief from the amount received through leave encashment process. In order to get tax relief for leave encashment the employee should fill form 10E.
Guide to link Aadhaar card with a mobile number online & offline mode via SMS if you are linking Aadhaar with your mobile for the first time.
Advantages of linking a ration card with Aadhaar. List of documents required. How to link Aadhaar with the Ration card online & offline through SMS.
Steps to activate your SIP through ICICI Netbanking, prerequisites for setting up i-SIP, benefits of adding I-SIP URN number in your ICICI bank account.
What is PRAN Card? Documents required for PRAN, NPS investment, how to apply for PRAN online & offline? Steps to track your PRAN application.
Sec 139(5) the income tax act. Who can file revised return? How to file revised return through income tax official website? Last date to file revised return.
What is an agricultural income & agricultural income taxability in India? How to calculate tax on your agriculture income. Exemptions & deductions to avail.
What is Gross Total Income? How is Gross Total Income calculated? What to exclude while calculating? Difference between Gross Total Income and Total Income.
What is the process to track your PAN Card application status through SMS, Call & online. Why check your PAN Card Status? How to Apply For a New/Duplicate PAN Card?
How deductor can register & login on TRACES & access the TDS details? Sub-user log in to TRACES account. What to do in case of 'invalid details'?
Click here to know Section 194G & Section 194H-TDS on Commission on Sale of Lottery Tickets &TDS on Commission or Brokerage,rate& time,requirement,exception
click here to know Section 194E & Section 194EE-TDS on Payments to NR Sportsmen or Sports Association&for Deposit Under NSS,requirement,rate&time,exceptions
Process to verify your PAN (UTI & NSDL) online using Name, PAN No, DOB & address through Income Tax official website. Screen based, software based & file based verification.
What is TDS challan 281? Process to submit & generate ITNS challan 281 offline & online to pay E-tax. Due dates for depositing challan & status check.
Process to view challan status on TRACES. What is OLTAS? Types of challan available. Requirements while making the challan payment/submission online or offline.
Who is required to deduct TDS u/s 192? Rate and time of tax deduction u/s 192. TDS on premature withdrawal from RPF. Exemptions limits & reliefs u/s 192.
Guide for online income tax payment through official Income Tax website by Challan 280/ ITNS 280. E tax payment of advance tax & self assessment tax.
When can a deductor register on TRACES TDS website? How to register on TRACES as a deductor? Should I register as a taxpayer or deductee? Who can register as a taxpayer?
Get the latest information on ITR filing for individuals. This guide will help you file tax returns accurately. Refer to the detailed guide here
A detailed Income Tax Return filing guide for Freelancers & Professionals covering Professionals like Doctors, Lawyers, Techies, Architects etc.
Who is required to deduct TDS u/s 192? Rate and time of tax deduction u/s 192. TDS on premature withdrawal from RPF. Exemptions limits & reliefs u/s 192.
Atal Pension Yojana (APY scheme) - advantages, eligibility, monthly contributions limit, limitations of the scheme, registration online & offline process
Are pensioners required to file income tax return? Disclosure of pension income. Tax implications if pension is received by pensioner. Taxability of commuted pension
Income Tax Act 1961, 1962 & components of Income Tax law. Rules finance act, circulars, government notifications, court decisions & judicial pronouncements.
TDS (Tax Deduction At Source) payment can be made online through nsdl website with challan 281 which is commonly used for TDS/TCS. TDS can be paid both online & offline mode.
Section 194I - TDS on rent, TDS on payment of rent by certain individuals or HUF, TDS on payment made under specified agreement. Rate of tax deduction u/s 194I, 194IB & 194IC.
Section 194L - 194LA, 194LB, 194LBA, 194LBB, 194LBC, 194LC & 194LD. Payment of compensation on acquisition of capital asset income by way of interest received.
Section 194D - TDS on Insurance Commission & Section 194DA - TDS & on Payment of Life Insurance Policy. Rate & time of tax deduction u/s 194DA & 194DA
Section 194B - TDS on Winnings from Lottery or Crossword Puzzles. Section 194BB - TDS on Winnings from Race Horses. Rate & time of TDS u/s 194B & 194BB.
What is Section 194-IB? When to deduct TDS u/s 194-IB? How does 194-IB differs from Section 194-I? Form 26QC,Form 16C, penalties & provisions u/s 194-IB.
The rate of the tax deduction for NRI selling property in India is not fixed at 1% unlike section 194IA. It would depend upon the nature of capital gains.
Link Your Aadhaar With UAN And Provident Fund (PF) EPFO via Online mode & offline mode. Benefits and Features of using Universal Account Number (UAN).
Linking of SBI account with Aadhar card can be done offline through SBI bank. Online linking can be done by SBI website, SBI anywhere app & internet banking.
Steps to fill Aadhar card application online on UIDAI website. Track Aadhaar enrolment form status. Offline form needs to filled at the enrollment center itself
Process to update Aadhar card online, by visiting Aadhaar Enrollment Centre, updation of Aadhaar details by post. Change name, address, DOB, & mobile number.
Types of the Aadhar Card Enrolment Centers. Process to locate an Aadhaar Enrolment Center online through state, through postal(pin)code, search box.
Steps to download e aadhaar card online. Check status and step by step procedure to download Aadhar card via self-service aadhaar portal & via enrolment
Aadhaar enrollment process when child is below 5 years. How to apply for Aadhar Card when the age of the child is above 5 years? Documents required for application
Apply Aadhaar card online & offline. Registration process for application. Check steps and documents required to apply for new Aadhaar card
Get the updated list of Aadhar card centers in ahmedabad with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in hyderabad with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in chandigarh with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in lucknow with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in gurgaon with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in bangalore with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in mumbai with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in kolkata with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in pune with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in chennai with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in jaipur with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
Get the updated list of Aadhar card centers in delhi with complete office address of Aadhaar Enrollment Center to locate enrolment center near you
As per Section 80GGB, any Indian company or enterprise that donates to a political party or an electoral trust registered in India can claim a deduction for the amount contributed by it.
Under Section 80GGA of the Income Tax Act it is stated that the deductions are allowed for the donations that are made towards rural development and scientific research.
While paying the monthly salary to a staff member (deductee), the company (deductor) deducts TDS under section 192. And, the deductor needs to submit a salary TDS using Form 24Q.
The interest from fixed deposits are fully taxable. It comes under the head “Income from Other Sources” while filing income tax return.
Every individual who is earning has to file return of income tax as per the income tax act, 1961. There are various rules and regulations to do the same in proper manner.
Any individual who is residing and working in India but belongs to any other country will have to pay tax under the income tax act, 1961.
GST Basics - SGST, CGST, UTGST, IGST, framework of GST in India, goods and services covered under GST, goods and services that have been excluded from the GST.
31st GST Council Meeting decisions pertaining to GST return filing, GST refund, input tax credit, late fee, tax rates reduced & due dates extended summarised
Three accounts under each of them- SGST, CGST, IGST instead of maintaining current excise payable, CENVAT credit, VAT payable, VAT credit, Service tax accounts.
GST Rates & HSN Codes for Agricultural Tool,Cutlery,Razors,Knives - Agricultural implements manually operated or animal driven i.e. Hand tools, such as spades, Hand saws - Chapter 82
GST Rates & HSN Codes for Aircrafts, Satellites, Parachutes - Balloons and dirigibles, gliders and other non-powered aircraft, Other aircraft, Aircrafts for personal use - Chapter 88
GST Rates & HSN Codes for Aluminium Rods,Sheets,Articles - Aluminium alloys; such as Ingots, Billets, Wire-bars, Wire-rods, Aluminium waste and scrap - Chapter 76
GST Rates & HSN Codes for Animal Meat, Edible Offals Meat of bovine animals,Meat of swine fresh, chilled or frozen, sheep or goats, frozen and put up in unit containers
GST Rates & HSN Codes for Arms And Military Weapons - Military weapons other than revolvers, pistols, Revolvers and pistols, Other firearms and similar devices - Chapter 93
GST Rates & HSN Codes for Articles Of Apparel Etc - Articles of apparel and clothing accessories, Articles of apparel and clothing accessories - Chapter 62
GST Rates & HSN Codes for Article Of Artificial Flowers & Hair - Skins and other parts of birds with their feathers or down, Artificial flowers - Chapter 67
GST Rates & HSN Codes for Arts And Antiques - Original sculptures and statuary, Hand paintings drawings and pastels, Paintings, drawings - Chapter 97
Advantages – The pros of GST, classification has become easier, better compliances and tracking, single window clearances (SWC), complete set off of ITC, dual GST model.
GST Rates & HSN Codes for Non-Alcoholic Beverages,Spirit & Vinegar - Water [other than aerated, mineral, purified, distilled, medicinal, ionic, battery - Chapter 22
GST Rates & HSN Codes for Boats, Ships , Cruise, Cargo, Floating Vessels - Cruise ships, excursion boats, feryboats, cargo ships, barges, Fishing vessels - Chapter 89
GST Rates & HSN Codes for Bricks And Ceramic Products - Idols made of clay, Bricks of fossil meals or similar siliceous earths, Building bricks - Chapter 69
GST Rates & HSN Codes for Carpet, Textile Floor Coverings Etc - Carpets and other textile floor coverings, knotted, whether or not made up, Carpets - Chapter 57
GST Rates & HSN Codes for Cement, Plaster, Building Materials - Sand lime bricks or Stone inlay work, Statues, statuettes, pedestals, Carved stone products - Chapter 68
GST Rates & HSN Codes for For Cereals And Grains - Wheat and meslin other than those put up in unit container, Wheat and meslin put up in unit container - Chapter 10
GST Rates & HSN Codes for Coal, Petroleum And Other Fossil Fuels - Coal gas, water gas, producer gas, Bio-gas, Coal; briquettes, ovoids and similar solid fuels - Chapter 27
GST Rates & HSN Codes for For Coated,Laminated Textile Fabrics - Textile fabrics coated with gum or amylaceous substances, Tyre cord fabric of high tenacity yarn - Chapter 59
GST Rates & HSN Codes for Cobalt,Magnesium,Bismuth Etc - base metals, namely, Tungsten, Molybdenum, Tantalum, Magnesium, Cobalt mattes, - Chapter 81
GST Rates & HSN Codes for Cocoa And Cocoa Products - Cocoa beans whole or broken, raw or roasted, Cocoa shells, husks,Cocoa butter - Chapter 18
GST Rates & HSN Codes for Dyeing And Tanning Products - Tanning extracts of vegetable origin,Enzymatic preparations for pre-tanning, Synthetic organic tanning substances - Chapter 32
Detailed analysis of composition impacts on GSTR 9 annual return filing - DIPP area based refund disclosure under Table 15, opting out of composition scheme.
What is Consolidated E-Way bill .Guide to understand how to generate consolidated e-way bills, how to cancel, print and update the vehicle number for e-way bills on the portal.
GST Rates & HSN Codes for Copper Articles – Bar, Rods Etc - Copper mattes; cement copper (precipitated copper), Unrefined copper; copper anodes for electrolytic refining - Chapter 74
GST Rates & HSN Codes for Cosmetics, Essential Oils & Perfumery - Essential oils (terpeneless or not), including concretes and absolutes, Mixtures of odoriferous substances and mixtures - Chapter 33
GST Rates & HSN Codes for Cotton & Cotton Material - Cotton waste, Cotton sewing thread, Cotton yarn - Chapter 52
Explained in detail the credit note disclosure in GSTR 9 annual return filing. How to report financial credit note by supplier? Whether year end discount require annual reporting?
GST Rate & HSN codes for Drugs & Pharmaceutical Products under chapter 30.Also includes Animal or Human Blood Vaccines,organs,contraceptives,Insulin,ORS etc
GST Rates & HSN Codes for Dry Fruits And Fruits - Dried makhana, Cashew Nuts, Brazil nuts, dried, whether or not shelled or peeled - Chapter 08
GST Rates & HSN Codes for Electrical And Electronic Products - Electric motors and generators, Electric generating sets , Transformers Industrial Electronics - Chapter 85
GST Rates & HSN Codes for Electronic Toys,Sports Goods,Game Consoles - Dolls or other toys made of wood or metal, Toy balloons made of natural rubber latex - Chapter 95
GST E way bill, how to generate it, eligibility and validation for E-way bills. How to register & cancel the e-way bill
GST Rates & HSN Codes for Fertilizers - All goods and organic manure,Mineral or chemical fertilisers,All goods i.e. animal or vegetable fertilizers or organic fertilisers - Chapter 31
GST Rates & HSN Codes for Fish & Aquatic Vertebrates Meat (Prepared/Preserved) - Sausages and similar products, Other prepared or preserved meat, Extracts and juices of meat - Chapter 16
GST Rates & HSN Codes for Fish, Fillets And Other Aquatic Animals Meat - Live fish, fresh or chilled, excluding fish, fillets - Chapter 03
GST Rates & HSN Codes for Flowers, Live Trees, Plants And Roots - Live trees and other plants, bulbs, roots and the like; cut flowers and ornamental foliage - Chapter 06
GST Rates & HSN Codes for Footwear, Gaiters, Shoes Etc - Footwear having a retail sale price not exceeding Rs.1000 per pair, Waterproof footwear with outer soles - Chapter 64
GST Rates & HSN Codes for Lighting, Furniture And Household Products - Medical, surgical,Furniture of bamboo, Aircraft seats - Chapter 94
GST Rates & HSN Codes for Gases And Inorganic Chemicals - Thorium oxalate, Enriched KBF4 (enriched potassium fluoroborate)Enriched elemental boron - Chapter 28
GST Rates & HSN Codes for Glass And Glassware Products - Cullet or other waste or scrap of glass, Glass in balls, Cast glass and rolled glass, in sheets or profiles - Chapter 70
GST Rates & HSN Codes for Glues, Gelatin And Enzymes - Casein, caseinates and other casein derivatives, Albumins , Gelatin - Chapter 35
GST Rates & HSN Codes for Gold, Silver, Diamond, Pearls Etc - Pearls, natural or cultured, whether or not worked or graded but not strung, Semi-precious stones, Silver - Chapter 71
Annual return under GST - Who is required to file? How to file annual return under GST? Forms for filing annual return & due dates. Consequences of non filing or filing failure
GST due dates have been changing. Hence it becomes more important to keep proper tracking on the upcoming due dates for your GST calendar for return & council.
GST Composition Scheme in detail with its eligibility criteria, merits, demerits & transition provisions. Rate of tax under GST, GST compliance.
GST council is a governing body to regulate and direct each and every step for the implementation of goods and service tax in the nation. How GST council implements GST.
GST Full Form & meaning in Hindi, Marathi, Gujrati, Punjabi, Malayalam, Bengali, Kannad, Telugu, Tamil, Sindhi, Urdu, Nepali, Arabic.
All the goods and services are classified into 21 sections and 99 chapters. The chapters are again into 1244 subheadings.
Step by step guide on how to make GST Online Payment on the GST Portal. The tax payment can be done online only on the GST portal through GSTIN.
Who should file GSTR 9A? Due date for filing GSTR-9A, penalty for filing late, details to be provided in GSTR 9A. Steps to fill form.
GSTR 9 - GST Annual Return form. Who is required to fill the form. Applicability of the form, due date to file GSTR 9 Annual return. What if I don't file my return or after due date?
GSTR 9 Correction, rectification, Omission, Additional Disclosures & process explained. Can a error made in GSTR 1 be rectified while filing GSTR 9?
Who should file GSTR 9C return? Due date for filing GSTR 9C, revising GSTR 9C, documents required to submit along with GSTR 9C
GST Registration Online Process, eligibility and documents required for GST Registration . Compliances under GST for your business.
GST registration certificate can be downloaded from the GST Portal. Guide to download the GST registration certificate & make corrections. What changes can be made?
GST Seva Kendra is a CBIC initiative to guide every GST taxpayer in their GST journey. GST Helpline number and helpdesks near you.
GST system in India - GST Practitioner, CBIC & its role, GST Suvidha Providers(GSP), role of banks under GST system, RBI’s role in Goods and Service Tax regime.
Step-by-step guide for GST gov portal, login, registration, track registration, cancel, registration, track payment status, find GST practitioner
GST Rates & HSN Codes for Lac,Gums,Resins,Vegetable Saps & Extracts - Lac and Shellac,Natural gums, resins, gum-resins, Vegetable saps and extracts - Chapter 13
GST Rates & HSN Codes for Headgear,Hats And Parts - Textile caps, Hat-forms, hat bodies and hoods of felt, Article of apparel and clothing accessories or cap/topi - Chapter 65
GST Rates & HSN Codes for Honey, Eggs, Milk And Dairy Products - Fresh milk and pasteurised milk, Cream, yogurt, kephir and other fermented - Chapter 04
HSN Code under GST Application. Where details of HSN summary needs to be submitted in annual return? What to do if HSN code is shown incorrectly
GST Rates & HSN Codes for Electronic Toys,Sports Goods,Game Consoles - Dolls or other toys made of wood or metal, Toy balloons made of natural rubber latex - Chapter 95
GST Rates & HSN Codes for Hydrocarbons, Organic Chemicals - ACYCLIC HYDROCARBONS, CYCLIC HYDROCARBONS, HALOGENATED DERIVATIVES OF HYDROCARBONS - Chapter 29
What is ICEGATE? Services ICEGATE offers, benefits of ICEGATE, bill of entry, what is shipping bill & how to track shipping bill. What is Bill of lading, IGM & EGM?
What is IGST CGST SGST and UTGST under Goods and Services tax, Meaning, Applicability, Tax Rates, calculation, Set off new rules. Types of GST explained
GST Rates & HSN Codes for Industrial Explosives, Fireworks & Matches - Propellant powders, Prepared explosives, other than propellant powders; such as Industrial explosives - Chapter 36
GST Rates & HSN Codes for Industrial Machinery And Mechanical Appliances - Fuel elements, Nuclear reactors, Steam or other vapour generating boilers - Chapter 84
What is Input Tax Credit under GST, how to calculate ITC, how to claim ITC, time limit to avail ITC & some situations in which ITC cannot be claimed.
GST Rates & HSN Codes for Chemicals, Insecticides, Graphite Etc - Artificial graphite, Activated carbon, Residual lyes from the manufacture of wood pulp - Chapter 38
GST Rates & HSN Codes for Iron, Steel, Iron Rods Etc - Pig iron and spiegeleisen in pigs, blocks or other primary forms, Ferro-alloys, Ferrous products - Chapter 72
GST Rates & HSN Codes for Products Of Iron And Steel - Sheet piling of iron or steel, whether or not drilled, Railway or tramway track construction material of iron - Chapter 73
Input Tax Credit (ITC) In GSTR 9 Annual Return Filing settlement, disclosure & declaration. GSTR-2A reconciliation, Challenges & clarifications, GSTR 3B.
GST Rates & HSN Codes for Fruits, Juices, Jams, Jellies,Edible Plants - Vegetables, fruit, nuts, Tomatoes prepared or preserved, Mushrooms and truffles - Chapter 20
GST Rates & HSN Codes for Knitted Or Crocheted Fabrics - PILE FABRICS, INCLUDING “LONG PILE” FABRICS , KNITTED OR CROCHETED FABRICS OF A WIDTH NOT EXCEEDING 30 CM- Chapter 60
GST Rates & HSN Codes for For Lead,Foils,Sheets And Articles - Unwrought lead, Lead waste and scrap, Lead plates, sheets, strip and foil; lead powders and flakes - Chapter 78
GST Rates & HSN Codes for Leather Articles - Saddlery and harness for any animal, School satchels and bags, Trunks, suitcases, vanity-cases,Handbags including pouches and purses - Chapter 42
What is the Letter of Undertaking (LUT) under GST? Eligibility criteria to apply for LUT, process of filing LUT, validity of LUT, time for acceptance of LUT.
GST Rates & HSN Codes for Live Animals - Horses, Asses, Mules , Bovine & Poultry Animals , Mammals, Reptiles, Birds & Insects - Chapter 1
GST Rates & HSN Codes for Man-Made Filaments - Sewing thread of man made filaments, All synthetic filament yarn such as nylon, All goods other than synthetic filament yarns - CHAPTER 54
GST Rates & HSN Codes for Synthetic, Staple Fiber - Synthetic or artificial filament tow, Synthetic or artificial filament tow - chapter 55
GST Rates & HSN Codes for Manufactures Of Straw Or Other Plaiting Materials - Grass, leaf or reed or fibre products, s, Plaits and similar products of plaiting materials - CHAPTER 46
GST Rates & HSN Codes for Medical,Cinematographic Equipment - Coronary stents and coronary stent systems for use with cardiac catheters, Contact lenses; Spectacle lenses - Chapter 90
GST Rates & HSN Codes for Medicinal Plants, Oil Seeds And Fruits - All goods other than of seed quality, Soya beans, whether or not broken - Chapter 12
GST Rates & HSN Codes for Articles Of Apparel &Clothing Accessories Knitted Or Crocheted - knitted or crocheted, apparel and clothing - Chapter 61
GST Rates & HSN Codes for Milling Industry Products - Wheat or meslin flour, Cereal flours other than of wheat or meslin - Chapter 11
GST Rates & HSN Codes for Musical Instruments And Parts - Indigenous handmade musical instruments, Pianos, including automatic pianos, Other string musical instruments - Chapter 92
GST Rates & HSN Codes for Natural And Shuttlecock Cork Articles - Natural cork, raw or simply prepared, Waste cork; crushed, granulated or ground cork, Natural cork- Chapter 45
GST Rates & HSN Codes for Netting Non Woven Specials - Wadding of textile materials and articles thereof; such as Absorbent cotton wool, Cigarette Filter rods, Felt, whether or not impregnated - Chapter 56
GST Rates & HSN Codes for Nickel Articles & Alloy Etc - Nickel mattes, nickel oxide sinters and other intermediate products of nickel metallurgy, Unwrought nickel - Chapter 75
GST Rates & HSN Codes forNon Edible Animal Products (Unspecified) - Human hair, unworked, Guts, bladders and stomachs of animals - Chapter 05
GST Rates & HSN Codes for Oils,Fats ,Vegetable And Animal Products - Pig fats (including lard) and poultry fat, Fats of bovine animals, Lard stearin, lard oil - Chapter 15
GST Rates & HSN Codes for Mineral Ores And Concentrates - Iron ores and concentrates,Manganese ores and concentrates,Copper ores and concentrates - Chapter 26
GST Rates & HSN Codes for Padlocks,Bells,Lockers,Base Metal Products - Padlocks and locks, Base metal mountings, fittings and similar articles, Armoured or reinforced safes - CHAPTER 83
GST Rates & HSN Codes for Paper, Paperboard Articles And Newsprint - Rupee notes when sold to the Reserve Bank of India, Paper splints for matches, Judicial- Chapter 48
GST Rates & HSN Codes for Passenger Baggage Etc - All items of machinery including prime movers, instruments, Laboratory chemicals, Passenger baggage - CHAPTER 98
GST Rates & HSN Codes for Pastry, Pizza, Bread And Waffles - Preparations suitable for infants or young children, Seviyan (vermicelli),Pasta, whether or not cooked or stuffed - Chapter 19
GST Rates & HSN Codes for Pencils,Sanitary Towels,Lighter - Worked articles of ivory, bone, tortoise shell, Worked corals , Worked ivory - Chapter 96
GST Rates & HSN Codes for Photographic And Cinematographic Goods - Photographic plates and film for x-ray for medical use, Photographic plates and film in the flat, sensitised - Chapter 37
GST Rates & HSN Codes for Plastic Articles - All goodsi.e. polymers; Polyacetals, Ion exchangers based on polymers, Waste, parings and scrap, of plastics - Chapter 39
GST Rates & HSN Codes for Printed Books, Newspapers And Postal Goods - Brochures, newspapers, journals, Children’s picture, Maps and hydrographic - Chapter 49
GST Rates & HSN Codes for Railway Or Tramway Locomotives - Rail locomotives powered from an external source of electricity, Other rail locomotives, Self-propelled railway - Chapter 86
GST Rates & HSN Codes for Raw And Artificial Fur Skins - Raw furskins, Tanned or dressed furskins, Articles of apparel, Artificial fur - Chapter 43
GST Rates & HSN Codes for Residual Starch Products, Meals & Pellets - Flours, meals and pellets, of meat or meat offal, Aquatic feed including shrimp feed - Chapter 23
Reverse Charge Mechanism (RCM) - Who needs to disclose transcations? Demand of e-way bill. Does a taxpayer needs to make some disclosure related to E-way Bills in the Annual Return?
GST Rates & HSN Codes for Rubber And Related Articles - Reclaimed rubber in primary forms or in plates, sheets or strip, Natural rubber, balata, gutta-percha, guayule - Chapter 40
SAC codes under GST for services - 99, 9954, 9961, 9962, 9963, 9964, 9965, 9966, 9967, 9968, 9969, 9971, 9972, 9973, 9981, 9982, 9983, 9984, 9985 etc
The SAC code is a 6 digit number contrary to the 8 digit HSN code. The same is required to be mentioned in the GST invoices and GST returns
GST Rates & HSN Codes for Salts And Marbles - Unroasted iron pyrites, Sulphur of all kinds, Salt, all types, Natural graphite - Chapter 25
Lodge Complaint here indicating issues or problems faced while working on GST portal instead of sending emails to the Helpdesk. Grievance redressal portal for GST
How supply made by SEZ unit to DTA unit should be reported in the Annual Return by SEZ unit? In case of supply of goods by SEZ, whether disclosure required in Annual Return?
GST Rates & HSN Codes for Silk And Woven Fabrics - Silkworm laying, cocoon, Raw silk, Silk waste, Silk yarn, Woven fabrics of silk or of silk waste - Chapter 50
GST Rates & HSN Codes for Skins, Raw Hides And Leather - Raw hides and skins of bovine, Raw skins of sheep or lambs, Other raw hides and skins - Chapter 41
GST Rates & HSN Codes for Soaps And Waxes - Sulphonated castor oil, fish oil or sperm oil, Organic surface-active agents, Artificial waxes and prepared waxes - Chapter 34
GST Rates & HSN Codes for For Special Woven Fabrics - ‘Corduroy fabrics’ substituted with ‘All goods’ on 27/07/2018, Woven pile fabrics and chenille fabrics - Chapter 58
GST Rates & HSN Codes for Sugars, Sugar Confectionery & Bubblegum - Jaggery of all types, Beet sugar, cane sugar,Khandsari sugar - Chapter 17
How supply made by SEZ unit to DTA unit should be reported in the Annual Return?Supply of goods by SEZ, whether disclosure required in Annual Return?
GST benefits and the list of taxes replaced by Goods and Service Tax. Taxes levied by the Center that fall under GST.
Purpose behind introducing TCS in GST. Who is liable to collect tax at source under GST? Threshold limit for collecting tax at source.
Person deducting tax under GST is required to get compulsory Registration? What does different application tracking status mean?
What is TDS in GST? How does it apply to GST? What is the rate of TDS in GST? Who shall deduct TDS in GST? Exemptions to applicability of TDS.
Difference between TDS in Income Tax and TDS in GST - Deductor, deductee, rate of tax, registration, credit, certificate, interest & late fees
GST Rates & HSN Codes for Tea, Coffee And Spices - Coffee, whether or not roasted, Coffee beans, not roastedUnprocessed green leaves of tea - Chapter 09
GST Rates & HSN Codes for For Tea, Coffee And Other Edible Preparations - Extracts, essences and concentrates of coffee, Roasted chicory and other roasted coffee substitutes - Chapter 21
GST Rates & HSN Codes for Textile Articles - Indian National Flag, Other made up textile articles, sets, Other made up textile articles - Chapter 63
GST Rates & HSN Codes for Tobacco And Tobacco Products - Tobacco leaves, Unmanufactured tobacco (without lime tube), Unmanufactured tobacco (with lime tube) - Chapter 24
GST Rates & HSN Codes for Tractors & Motor Vehicles - Fuel Cell Motor Vehicles, Electrically operated vehicles,Tanks and other armoured fighting vehicles - Chapter 87
Value of taxable supply calculation as per section 15, inclusions of value of supply, taxes, duties, cesses, fees & charges, delayed payment charges, subsidies.
GST Rates & HSN Codes for Vegetable Products And Materials - Vegetable materials of a kind used primarily for plaiting, Sal leaves, siali leaves, sisal leaves - Chapter 14
GST Rates & HSN Codes for Vegetables - Herb, bark, dry plant, dry root, Potatoes, fresh or chilled, Onions, shallots, garlic, leeks - Chapter 07
GST Rates & HSN Codes for Raw Vegetable, Textile Fibres & Yarn - Flax, raw or processed but not spun, Jute fibres, raw or processed but not spun - Chapter 53
GST Rates & HSN Codes for Watches And Clocks - Wrist-watches, pocket-watches, Wrist-watches, pocket-watches and other watches, Clocks with watch movements - Chapter 91
GST Rates & HSN Codes for Wood Products And Wood Charcoal - Firewood or fuel wood, Wood in chips or particles, Wood in the rough, Hoopwood - Chapter 44
GST Rates & HSN Codes for Wood Pulp - Mechanical wood pulp, Chemical wood pulp, dissolving grades, Chemical wood pulp - Chapter 47
GST Rates & HSN Codes for Wool, Fine Or Coarse Animal Hair - Wool, not carded or combed, Fine or coarse animal hair, not carded or combed - Chapter 51
GST Rates & HSN Codes for Zinc Bars,Dust,Sheets & Articles - Unwrought zinc, Zinc waste and scrap, Zinc dust, powders and flakes, Zinc bars, rods, profiles and wire - Chapter 79
Post Office Fixed Deposit is an investment that can be deposited in post office to earn interest. The time period for these fixed deposits are one year, two years, three years and five years.
This document certifies the amount that is deducted as tax deduction at source during the sale of a property. This amount is deposited by the buyer to the income tax department.
The tax audit is conducted to ensure that the taxpayer has provided complete and true information regarding his income, deductions and taxes.
Under section 54 of the Income Tax Act, it is stated that if the seller of a residential property acquire another property from that amount he or she gets benefits in capital gains tax.
Income Tax India efiling Login easy step-by-step process.How to use income tax portal of government. Password Reset process, 26AS view, tax payments, Form16
Form 16C is the TDS certificate which is issued by the Tenant of property to the Landowner of property in respect of TDS deducted on rent under Section 194-IB