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Tax Refund / Re: Get Refund Status
« Last post by Pranalisharma on July 12, 2017, 01:55:41 PM »
Really helpful information,Thanks,One of my colleague is looking for How to Check Income Tax Refund Status Online it seems this information will be useful to her.

know your pan
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Hi, For pan card name/surname change one have to go to the nearest PAN card correction centre and apply for correction, it can be done online on PAN card official website of Government of India.Update application form can be downloaded from NSDL website.To know your pan status online click here

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One Person Company / Re: One Person Company?
« Last post by keithfoster on March 22, 2017, 05:10:03 PM »
Is the OPC also covered in a business existing laws like for taxation and insurances?
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Private Limited Company / Re: Director Identification Number (DIN)?
« Last post by keithfoster on March 22, 2017, 05:08:37 PM »
Does it only applies for corporation?
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Start Business in India / Re: Start a New Business or Buy Existing one?
« Last post by keithfoster on March 22, 2017, 05:06:55 PM »
Take both into consideration whether you see how it works or one must be of reliable to you. For me, starting a new business is always the best one, provided however you need to drive it well in order to become competitive and marketable. On the other hand, however, buying existing one, is perfect one you know it already holds good reputation and that its market and profit share is reasonable. Of course, you wouldn't want to buy existing company that is bound to bankruptcy. By the way, when starting your own business, you need to have a perfect name to use, one that is trademarked to you and that unique and catchy for perfect, and this one http://eatmywords.com/services/names/ is your best guide.
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Start Business in India / Re: Start a Small Business in India
« Last post by keithfoster on March 22, 2017, 04:54:02 PM »
India is now a fasting growing economic country, and whatever type of business that you try will have potential growth. Only just you need perfect tool and a unique business name to promote. Try this workshop http://eatmywords.com/services/workshops/ to know more.
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TDS - Tax Deducted at Source / Re: TDS credit not reflected in 26AS
« Last post by Guru on February 16, 2017, 11:28:59 AM »
TDS amount reflected in form 26AS and Form 16/16A should always be the same. Form 16/16A is Tax credit statement which indicates the Tax that has been deducted on the payment that has been made.

Possible reasons for Mismatch of TDS.
It is important to find out the reasons for TDS mismatch between Form 26AS and form 16/16A before proceeding rectification return for the same

The most popular reasons for the mismatch TDS are as follows.

Mentioning wrong PAN no of the person whose TAX has been deducted.
Mismatch in challan details mention in return.
Incorrect amount mention in TDS return.
Non filing of TDS return by the person deducting TDS as a result of which TDS is not properly reflected.


 
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TDS - Tax Deducted at Source / Re: What are Form 24Q,26Q,27Q and 27EQ
« Last post by Guru on February 16, 2017, 10:17:35 AM »
This forms are types of TDS return, TDS means Tax Deducted at Source. It is same like Advance Tax, government gets Tax amount as and when transaction is made. Means One who come in transaction and require to deduct Tax on that transaction require to get TAN number, normally every company, partnerships firms, LLP and people who get coverage under the Tax Audit in the prior year have the liability to deduct the TDS from the specified payments that they make.

For these declarations of payment certain forms have to be filled in by people for TDS. They have some distinguishing and basic features and are based on various factors. Read on to understand these forms in detail and their features.

Form 24 Q :
The form information is based on a citizen’s salary payments and the deductions made for tax.
Annexure I and Annexure II are also forms that require submission along with this form. Annexure I has to be filled in for all four quarters of the year. Annexure II needs to be filed only for the final quarter of the year.

Form 26Q:
This form is based on payments other than salary people who are living and working in India and are Indian citizens under the sub - section (3) of section 200 of the Income tax Act, 1961.
Form is based on, and can be used for reference to fill in the declaration form include sections 193, 194, 194A, 194BB, 194C, 194D, 194EE, 194F, 194G, 194H, 194I, 194J.

Form 27Q:
Form 27Q based on the payments of foreigners and NRIs other than salary under section (3), Section 200 of the Income tax Act, 1961.

Form 27EQ:
This Form is for Quarterly statement of collection of (TCS) tax at source and require to mention TAN in this form.
TCS is basically the tax that is collected by Seller from Buyer of certain goods when debiting the amount payable to the account of buyer by buyer or when receiving the amount from the buyer in the form of cheque, cash, demand draft or other modes of payment for selling certain prescribed goods as per Section 206C (1) for the purpose of business and not for personal use
 
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TDS - Tax Deducted at Source / Re: TDS Return Status
« Last post by Guru on February 16, 2017, 09:50:09 AM »
You can check details regarding TDS return on https://www.tdscpc.gov.in/app/login.xhtml website. First you have to register you TAN no this website then you can see status, default, form 16A/16, FVU file.
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TDS - Tax Deducted at Source / Re: How To filled TDS return online
« Last post by Guru on February 11, 2017, 03:44:33 PM »
For uploading TDS return TAN should be registered on Income Tax Website. The procedure of TAN registration is same like PAN registration for  e-filing require to register DSC to complete Registration process on website.
Step-by-step guide to uploading your TDS statement on Income tax e-filling website.
Step 1
After the completion of  TAN registration with registration of DSC, Please go to Income
Tax e-filling website and login User ID is your TAN No.
Step 2
After you have logged in, go to tab named TDS and select option ‘Upload TDS’ from the
drop down.
Step 3
In the next screen, provide the following details correctly.
FVU Version, Assessment Year, Form Name, Quarter, Upload Type then Click on ‘Validate’
Step 4 
In the next screen ‘upload TDS (.zip) file’ upload FVU file in ZIP format and attach  your
registrar DSC File in ‘Attach the signature file’ then click on upload return.

Once the TDS statement is uploaded, success message will be displayed on the screen.

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