Home / Services We help you in creating a strong foundation of your business View More Income Tax Notice Income Tax Notice Have you received Income Tax Notice from Income Tax Department recently? Don’t Panic, Don’t Carefree- Get an Advice from experienced Tax Experts with a simple sign up with us! Income Tax Notice is a kind of notice sent by the Income Tax Department for various reasons like not filing your income tax return, errors in an income tax return, high-value transactions, deficiency in returns. eStartIndia is the best business and legal services platform for services relating to Income Tax Notice reply, offering a variety of Tax filing services like Income tax returns, PF, TDS, and ESI returns. eStartIndia will help you to draft your income tax notice reply from the comfort of your home, offering you services that are very specialized and tailored for each individual. Get a Free Consultation with our Top rated Tax experts with a simple registration. Types of Income Tax Notice Notice u/s 143(1)- Intimation Notice – This notice comes regarding errors/incorrect claims/inconsistencies in income tax returns filed. The reply to this notice must be submitted within 15 days. Notice u/s 142(1)- Inquiry Notice- This notice serves regarding necessary additional documents required by the income tax department for processing filed an income tax return. Notice u/s 143(2)- Scrutiny Notice- This notice is sent after notice u/s 142(1) when Tax officers were not satisfied with the received documents or have not received yet. Notice u/s 148- Income escaping assessment Notice- If the assessing officer has reason to believe that you have not disclosed your income correctly. Then, The assessing officer serve a notice to the assessee asking him to furnish his return of income Notice u/s 156- Demand Notice- This demand notice serves when any tax, interest, penalty or any other sum is payable in the consequences of any order passed. Notice u/s 139(9)- Defective Return Notice- if the Income-tax return filed by you is defective, confirmed by AO then, The AO serves a notice to rectify his return within 15 days from the date of such intimation. Notice u/s 245- Set off refunds against tax remaining payable- this notice served by AO intimating the effects of the adjustments made with the amount due to the assessee. What to do when you receive an Income Tax Notice? An encounter with the Income Tax Department is usually dealt with stress because most of the people are unable to understand what it actually entails. It is always advisable to keep calm and read the communication with due diligence. It is important to respond to an Income Tax notice as is done with any legal notice. The following are the points to be kept in mind in case of receipt of an Income Tax notice. Don’t panic, don’t be carefree: In case an assessee encounters a notice, he/she should not panic and calmly try to understand what it entails and what is it asking for. Also, it is equally important to not be carefree and ignorant as it may lead to heavy fines and penalties. Check the basics: It is important to verify the essentials mentioned in the notice as sometimes it may not be in your name and you may not be the right person to receive it. The basics to be checked are: Is it really in your name? Is the PAN number correctly mentioned? Which assessment year is it meant for? Details of the AO (Assessing Officer)? Document Identification Number? Date of issue of the notice? Date of receipt of notice? Figure out the discrepancy: It is important to patiently read and understand the problem and figure out the reason for the issuance of such notice. It may be sometimes difficult to understand a notice. In that case, the individual is required to consult an expert. Verify the validity: In order to make sure that the notice issued stands valid, it is necessary to examine the validity of the notice, time of its issuance, relevant assessment year and the section under which it is issued. Any notice which is issued after the time limit specified for assessment stands invalid, but it should be noted that any case can be re-investigated u/s 147 up to 4-6 years after the relevant assessment year has ended. Preparing for reply: The assesses shall gather all the documents asked to be furnished. How eStartIndia helps you to Income Tax Notice Reply: eStartIndia will help you to draft your income tax notice reply from the comfort of your home, offering you services that are very specialized and tailored for each individual. Get a Free Consultation with our Top rated Tax experts with a simple registration. Registration Process eStartIndia will help you in Cancel GST Registration from the comfort of your home, offering you services that are very specialized and tailored for each individual. Document Collection- eStartIndia Tax experts will collect relevant documents and information from you. Prepare your application- On the basis of documents and information provided, We will prepare cancellation application. Filing your application- when the application is prepared and approved by you, Our Tax experts will submit your GST registration cancellation application to the GST Department with necessary documents and details of the authorized signatory. Generate ARN- Once the application is submitted along with supporting documents, the ARN number would be allotted by the GST department. Our tax experts will track your completion of cancellation with the help of ARN number. Congratulations! Your work is done. Click here to know more about “GST registration For Foreigners” Step 1 Firstly, dully fill in the application, which is required to be submitted towards the exemption section of the Income Tax Department. Step 2 Then the NGO would receive notice for clarifications from the Income Tax Department in 2-3 months after applying. Step 3 Then a reply of notice is required to be submitted through the consultant along with each and every related and necessary document to the Income Tax Departments. Step 4 The Consultant then would personally visit the Income Tax Departments to follow up the case on behalf of the applicant association. Step 5 Then an Exemption Certificate
Cancel GST Registration
Home / Services We help you in creating a strong foundation of your business View More Cancel GST Registration Cancel GST registration that means the taxpayer will not be registered in GST any more, business is close or turnover is less than the threshold limit. Reason for Cancel GST Registration: There are circumstances where the Cancel GST Registration needs Suo-Moto Cancel GST Registration The registered person has contravened the provision of the act. A person paying tax has not furnished returns for three consecutive tax periods. A registered person has not furnished returns for a continuous period of six months. A person who has taken voluntary registration has not commenced business within six months from the date of registration. Registration has been obtained by means of fraud, willful misstatement or suppression of fact. 2. Voluntary cancel GST Registration by Registered Person/Legal Heirs Business discontinued, transferred, Amalgamated, emerged. Change in constitution of Business. A person is not liable to register. The Cancel GST Registration under this section shall not affect the liability of the person to pay tax and other dues or to discharge any obligation for any period prior to the date of cancellation whether or not such tax and other dues are determined before or after the date of cancellation. Every registered person whose registration is cancelled shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock or capital goods or plant and machinery on the day immediately preceding the date of such cancellation or the output tax payable on such goods, whichever is higher. Advantages Of Cancel GST Registration To avoid unnecessary tax liabilities in the future. To avoid fulfilling the compliance of the act. To avoid the frauds. Revocation of Cancel GST Registration: Any registered person, whose registration is canceled by the proper officer on his own motion, may apply to such officer for revocation of cancellation of the registration in the prescribed manner within thirty days from the date of service of the cancellation order. The proper officer may by order, either revoke the cancellation of the registration or reject the application, after giving an opportunity of being heard. Procedure for Cancel GST Registration: A registered person seeking cancellation of registration shall electronically submit the application for cancellation within 30 days of the occurrence of the event requires cancellation. He is required to furnish in the application the details of inputs held in stock, semi-finished/finished goods held in stock and of capital goods held in stock on the date from which cancellation of registration is sought, liabilities and details of the payment if any. How eStartIndia help you in Cancel GST Registration eStartIndia is the best business and legal services platform for services relating Cancel GST Registration, offering a variety of Tax filing services like Income tax returns, PF, TDS, and ESI returns Get a Free Consultation with our Top rated Tax experts with a simple registration. Registration Process eStartIndia will help you in Cancel GST Registration from the comfort of your home, offering you services that are very specialized and tailored for each individual. Document Collection- eStartIndia Tax experts will collect relevant documents and information from you. Prepare your application- On the basis of documents and information provided, We will prepare cancellation application. Filing your application- when the application is prepared and approved by you, Our Tax experts will submit your GST registration cancellation application to the GST Department with necessary documents and details of the authorized signatory. Generate ARN- Once the application is submitted along with supporting documents, the ARN number would be allotted by the GST department. Our tax experts will track your completion of cancellation with the help of ARN number. Congratulations! Your work is done. Click here to know more about “GST registration For Foreigners” Step 1 Firstly, dully fill in the application, which is required to be submitted towards the exemption section of the Income Tax Department. Step 2 Then the NGO would receive notice for clarifications from the Income Tax Department in 2-3 months after applying. Step 3 Then a reply of notice is required to be submitted through the consultant along with each and every related and necessary document to the Income Tax Departments. Step 4 The Consultant then would personally visit the Income Tax Departments to follow up the case on behalf of the applicant association. Step 5 Then an Exemption Certificate then will be issued. FAQs What happens when the registration is obtained by means of willful misstatement, fraud or suppression of facts? In such cases, the registration may be canceled with retrospective effect by the proper officer What could be the liabilities (in so far as registration is concerned) on transfer of a business? The transferee or the successor shall be liable to be registered with effect from such transfer or succession and he will have to obtain a fresh registration with effect from the date of such transfer or succession Does cancellation of registration impose any tax obligations on the person whose registration is so cancelled? Yes, as per section 29(5) of the CGST Act, every registered taxable person whose registration is cancelled shall pay an amount, by way of debit in the electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock or capital goods or plant and machinery on the day immediately preceding the date of such cancellation or the output tax payable on such goods, whichever is higher. Related Services Cancel GST Registration Read More TDS Return 4. ESI Return Read More Income Tax Return Read More GST Filing Read More Load More
TDS Return 4. ESI Return
Home / Services We help you in creating a strong foundation of your business View More TDS Return TDS Return TDS Return stands for Tax Deducted at Source that means of collecting income tax in India, under the Indian Income Tax Act of 1961. Any company or person making a payment is required to deduct tax at source if the payment above the certain threshold limits. TDS Return has to be deducted at the rates fixed by the tax department. TDS Return is also known as Advance Tax. Who is Deductor? Deductor is a company or person that makes the payment after deducting TDS Who is Deductee? Deductee is a Company or person receiving the payment What is TDS Return? ADeductor has to deposit the TDS to the government and to be filed in the form of a TDS return. The particular nature of TDS deductions has to be filed using different TDS return forms. TDS filed a quarterly basis. TDS Return is deducted on the following nature of payments: Contractor. Salaries. Interest payments by banks. Commission payments. Rent payments. Consultation Fees. Professional Fees. TDS Return Certificate Types of forms: Form 16, Form 16A, Form 16 B, and Form 16 C TDS certificates have to be compelled to be issued by someone deducting TDS Return to the assessee from whose financial gain TDS Return was subtracted whereas creating a payment. Form 16 is issued by the employer to the employee. Under Section 234 E, you’ll pay a fine of Rs. 200/- per day till your TDS Return is filed. You have to pay this for every day of delay until the fine amount is equal to the amount you are supposed to pay as TDS. The penalty for late filing of TDS Return: If the taxpayer above a one-year time limit to file the TDS return or furnishes the wrong details of PAN No. , TDS amount, he/she will need to pay a penalty of maximum Rs. 10,000 to Rs. 1 lakh. Registration Process How eStartIndia can help you to furnish your TDS Compliances eStartIndia is the best business and legal services platform for services relating to filing of TDS returns, offering a variety of Tax filing services like Income tax returns, PF, TDS, and ESI returns eStartIndia will help you to file your GST returns from the comfort of your home, offering you services that are very specialized and tailored for each individual. Get a Free Consultation with our Top rated Tax experts with a simple registration. Registration Process: Document Preparation – eStartIndia Tax experts will collect necessary documents and information for the preparation of TDS returns. Return Preparation – eStartIndia will prepare your returns as per your documents and information provided by you. For Approval – eStartIndia will send you prepared return for your approval. TDS Return filing- After approval from your side, our tax experts file your TDS returns. Step 1 Firstly, dully fill in the application, which is required to be submitted towards the exemption section of the Income Tax Department. Step 2 Then the NGO would receive notice for clarifications from the Income Tax Department in 2-3 months after applying. Step 3 Then a reply of notice is required to be submitted through the consultant along with each and every related and necessary document to the Income Tax Departments. Step 4 The Consultant then would personally visit the Income Tax Departments to follow up the case on behalf of the applicant association. Step 5 Then an Exemption Certificate then will be issued. FAQs How can I apply for GST Registration? You can apply for GST Registration online. For personal assistance, eStartIndia team can help you Click here. What is the threshold limit for GST REGISTRATION? Every supplier shall be liable to be registered under this Act from where he makes a taxable supply of goods or services or both if his aggregate turnover in a financial year exceeds twenty lakh rupees For North region or Sikkim, the threshold limit is Ten Lakh rupees Can a person without GST Registration Claim Input Tax credit and collect GST? No, a person without GST Registration neither Claim Input Tax credit and nor collect GST. If a person is operating in different states, with the same PAN number, can he operate with a single registration? No, if a person is operating in different states, with the same PAN number, has to take separate registration for each state. Can a Person having multiple Business verticals in a state obtain separate registration for each business vertical? Yes, a Person having multiple Business verticals in a state may obtain a separate registration for each business vertical, subject to certain conditions. Related Services TDS Return 4. ESI Return Read More Income Tax Return Read More GST Filing Read More 12A and 80G Registration for NGO Read More Load More
Income Tax Return
Home / Services We help you in creating a strong foundation of your business View More Income Tax Return Income Tax Filing Online Every person has to furnish a return of his total income, if the total income exceeds, the maximum amount which is not chargeable to income-tax. Income Tax Filing Online 100% Online Process Further, in respect of an individual, HUF, Association of Persons, Body of Individuals, Artificial Juridical Person, filing of return of income shall be compulsory if their total income exceeds the maximum amount which is not chargeable to income tax. The citizens of India are required towards filing an Income Tax Return every year if they have a taxable income. The taxpayers, whose income is of more than Rs.2.5 Lakh, will receive a tax rebate. It should be obligatory for a Company or firm to file a return of income in every case. eStartIndia is the best business and legal services platform for services relating to Income Tax Filing Online, offering a variety of Tax filing services like Income Tax Filing Online, PF, TDS, and ESI returns Advantages of Income Tax Filing Online Avoid penalties by filing the ITR Returns and file on time to avoid the late fees. Online verification of ITR through electronic mode, at the convenience of your office or home. Easy Loan approval is only possible if you file the ITR Returns. Required for Visa Processing, ITR Returns copies are required while visa processing. Claim Tax refund, if due by filing the ITR Returns on time. Carry Forward of Losses. ITR can be used as Address proof & Income proof. Who has to file Income Tax Filing Online The citizens of India are required towards filing an income tax return every year if they have a taxable income. The taxpayers, whose income is of more than Rs.2.5 Lakh, will receive a tax rebate. The Income Tax Slab rate AY 2019-20 or FY 2018-19 Income Tax slab for the Financial Year 2018-2019 and Assessment Year 2019-20, for individuals below 60 years of age(General Category) The exemption for non-resident individuals (NRI) For the non-resident individuals (NRI), the exemption limit for them is Rs 2.5 Lakh in a financial year Surcharge and Cess regardless of their age. Surcharge and Cess for Income Tax PayerAlong with the amount of Income Tax calculated based on the above-mentioned tax slab, the taxpayers are liable to pay Surcharge and Cess; If the net income exceeds Rs.50 Lakh up to Rs.1 Crore, a surcharge of 10% of income tax is charged If the net income exceeds Rs.1 Crore, a surcharge of 15% of income tax is charged Health and Education Cess: 4% of Income Tax, which is introduced in the 2018 budget. Standard deduction of Rs. 40,000/- for salaries & pensioners. As per Section 87(A), the taxpayer in India could also avail 100% rebate subjected to a maximum of Rs. 2,500 to the individual whose total income does not surpass Rs. 3.5 Lakh. The new tax calculator for Financial Year 2019-20 [Assessment Year 2020-21] The Standard Deduction from taxable income for a salaried individual is raised from Rs. 40,000 to Rs. 50,000. The rebate as per section 87A has risen from Rs 2500 to Rs. 12500 up to the earning of Rs. 5 Lakh, henceforth a the taxpayer with annual income up to Rs. 5 Lakh will get a full rebate in tax. Few key important features of the Income Tax calculator are; Useful for the salaried taxpayers of government and a private company, with every head of Salary which also includes agricultural income. Private company employees could use to perform their Flexi allocation as well as tax planning. The calculation of tax and rebate of agricultural earning to arrive at the annual tax liability Marginal rebate on surcharges where the total income exceeds Rs. 50 Lakh and Rs. 1Crore. Individual Form 16 Part B generation, are helpful for small-size companies. Automated HRA exemption /Section 80GG deduction calculation is dependent on the income and lease payments. Validating the limits Chapter VI a deduction, Housing loan interest set off, and additional surcharge impacts. Surcharge and cess for income Rs 50 Lakh or above A surcharge of 10% is levied on income tax if the total income is between Rs 50 Lakh and Rs 1 Crore A surcharge of 15% is levied on income tax if the total income is over and above Rs 1 Crore. eStartIndia operating in India provides professional tech-based online and legal services to our customers at an affordable cost. eStartIndia helps the clients to simplify the procedures in order to start a business, file tax returns online or any business-related services. We are dedicated to providing quality service to clients in solving legal compliance related to running their business in India. Due Date for Income Tax Filing Online Every Person, who is liable to pay Income Tax, has to file the Return of Income Voluntarily Without waiting for the notice from Assessing Officer. The time limit for filing of the return by an Assessee if his total income exceeds the maximum amount not chargeable to tax shall be as follows: Belated Return Any person who has not filed the return within the time allowed as above may file a belated return at any time before the end of the relevant assessment year or – before the completion of the assessment whichever is earlier. Revised Return An Assessee, who needs to make any amendments, additions or changes as may be found necessary by him, can file a Revised Return of Income. Such a revised return may be filed by the Assessee at any time – before the expiry of the relevant assessment year – before the completion of the assessment whichever is earlier. Late Filing Fee if not filed on time: Where a person, who is required to furnish a return of income, fails to do so within the prescribed time limit under section 139(1), he shall pay, by way of fee, a sum of – Further if not filed on or before the
GST Filing
Home / Services We help you in creating a strong foundation of your business View More GST Filing Every Registered Taxable person has to file electronically with the Tax authorities, the details of outward supplies of goods or services or both in Form GSTR-1, on or before the 10th day of month, succeeding the Tax period If a supplier exceeds the maximum threshold limit, then he has to first get himself registered under GST. GST means goods and service tax, Goods and Service Tax is considerable indirect tax revolutionize of India, urgent need of Goods and Service Tax for avoiding inconvenience in the tax system of Country. Incorporation of heterogeneous Central and State taxes into a single tax would help alleviate the double taxation, descend, multiplicity of taxes, classification issues, taxable events, and etc, and leading to a common national market. Value Added Tax rates and regulations differ from state to state. On the other hand, GST brings in a uniform tax system across all the states. On 29 March 2017 Goods and Service tax act passed in the parliament, this came in to effect on 1st July 2017. The Goods and Services Tax is a comprehensive, multi-stage, and destination- based tax levied on manufacture, sale, and consumption of goods and services at a national level. In simple words, the goods and services tax is one indirect tax for the entire country. Types of GST Annual Return Filing Normal Taxpayers has to file three returns: GSTR (1): Goods and Services tax return 1, deals with details of outwards supplies paid till 10 of each month. GSTR (2): Goods and Services tax return 2, deals with details of inward supplies paid till 15 of each month. GSTR (3): Goods and Services tax return 3, deals with a monthly return paid till 20 of each month. Other GSTR deals with: GSTR (4): Goods and Service tax return 4 deals with registered under composition scheme, paid till 18th October, January, April, and July. GSTR (5): Goods and Service tax return 5 deals with nonresident taxable persons paid till 20 of every month within 7 days after the expiry of registration. GSTR (6): Goods and Services tax return 6 deals with Input Service Distributors paid till 13 of every month. GSTR (7): Goods and Services tax return 7 deals with authorities deducting tax at sources paid till 10 of every month. GSTR (8): Goods and Service tax return 8 deals with E-Commerce Operators paid till 10 of every month. GSTR (9): Goods and Service tax return deals with registered persons, paid till 31st December of the Next Financial year. GSTR (10): Goods and Service tax return deals with all forms canceled and surrender, again filed within 3 months of date of cancellation order or surrender. GSTR (11): Goods and Service tax return deal with Unique Identity Number recognized by Embassies and UN bodies. Advantages of GST Annual Return Filing Less Compliance. No need to pay multiple taxes. Single tax all over the nation. Higher Threshold limit to get registered under GST. Composition Scheme for Small Businesses. To avoid Penalties and Fees for not filing / late filing. To claim the Input Tax Credit of taxes paid. How eStartIndia can help you to furnish your GST compliances eStartIndia is the best business and legal services platform for services relating to GST Annual Return Filing, offering a variety of Tax filing services like Income tax returns, PF, TDS, and ESI returns eStartIndia will help you to file your GST returns from the comfort of your home, offering you services that are very specialized and tailored for each individual. Get a Free Consultation with our Top rated Tax experts with a simple registration. Details required for GST Annual Return Filing GSTIN. Name. Period of Return filing. Aggregate turnover of the Taxpayer. Transaction of outward supplies invoices wise & Consolidated. Transaction of inward supplies. Details debit and credit note issues if any. Registration Process Document Preparation – eStartIndia Tax experts will collect necessary documents and information for the preparation of GST returns. Return Preparation – eStartIndia will prepare your returns as per your documents and information provided by you. For Approval – eStartIndia will send you prepared return for your approval. GST Return filing– After approval from your side, our tax experts file your GST returns. Congratulations! Your work is done. Click here to read more about “TDS Return” Step 1 Firstly, dully fill in the application, which is required to be submitted towards the exemption section of the Income Tax Department. Step 2 Then the NGO would receive notice for clarifications from the Income Tax Department in 2-3 months after applying. Step 3 Then a reply of notice is required to be submitted through the consultant along with each and every related and necessary document to the Income Tax Departments. Step 4 The Consultant then would personally visit the Income Tax Departments to follow up the case on behalf of the applicant association. Step 5 Then an Exemption Certificate then will be issued. FAQs How can I apply for GST Registration? You can apply for GST Registration online. For personal assistance, eStartIndia team can help you Click here. What is the threshold limit for GST REGISTRATION? Every supplier shall be liable to be registered under this Act from where he makes a taxable supply of goods or services or both if his aggregate turnover in a financial year exceeds twenty lakh rupees For North region or Sikkim, the threshold limit is Ten Lakh rupees Can a person without GST Registration Claim Input Tax credit and collect GST? No, a person without GST Registration neither Claim Input Tax credit and nor collect GST. If a person is operating in different states, with the same PAN number, can he operate with a single registration? No, if a person is operating in different states, with the same PAN number, has to take separate registration for each state. Can a Person having multiple Business verticals in a state obtain separate registration for each business vertical?