Update UDINS

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🟢Form 10BD required to be filed for donations received is now live. Excel CSV Upload option available.


All the Donations which are eligible for exemption u/s 80G received by the Trusts for the Financial Year 2021-22 required to be filled in Form No. 10BD and should be electronically uploaded accompanied with signed by the Managing Trustee/Office Bearer before 31st May 2022.

📢 Updation of UDINs at e-filing Portal

After receiving various complaints by the members for Invalidation of the UDINs at the e-filing portal of Income Tax Department, certain technological changes have been made in the site. So, now the Members are advised to again try updating those UDINs which have been invalidated earlier at the e-filing Portal. 

Members are also hereby intimate to kindly update all the pending UDINs for FORMs or certificate etc. at the e-filing portal on immediate basis. Points to be noted that the last date with which UDINs are required to be updated at the e-filing portal is 31st May 2022.

Further, while generating the UDIN all the members are advised to be careful in selecting the Correct fields.

For any clarification, please get more information to Click Here: CAONWEB

Shop License


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Shops are something which is associated with almost everybody’s day to day life. Almost all the shops that we see in our daily routine life are subject to shop & establishments registration. The sole purpose of this act is to regulate the functioning of small & medium sized shops, wage payment, terms of service and various other working conditions in a shop. As per the shops & establishments act, one must mandatorily possess a shop license to proceed with the said business in the area.

What is a “Shop or an establishment”?

Shop & establishment act defines shops as those premises where the sale of goods or service is undertaken either in the retail or wholesale format. Whereas, a shop, commercial establishment, hotel, theatre or amusement park etc. all of these form a part of establishment.

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Who is required to get shop license?

Following category of business owners need to have a shop license before starting their business operations.

  • Retail shops
  • Wholesale shops
  • Commercial establishments
  • Warehouse, godown or storeroom.
  • Entertainment & amusement theatres
  • Corporate office where services are rendered.

What is the shop registration process in India?

Every state in India has a separate law that governs the shop registration and hence different shop registration process differs from state to state but broad guidelines for shop registration the same throughout. Some of the typical steps involved in getting shop registration certificate are as follows:

  1. Submission of application: within initial 30 days of business operation a business entity must apply for the shop license. The application can be made in person or one can submit the fill the form by visiting the state department of labour official web portal.
  2. Registration fee & document submission: Along with the application a certain set of supporting documents also needs to be uploaded so as to verify the application. Therefore following list of document needs to be submitted along with the registration fee.
  3. Name of the shop with photographic proof of business name board & entrance.
  4. Memorandum & articles of association (if any); generally in case of LLP or company.
  5. PAN details of so formed business entity.
  6. Owner identity proof (if rented property).
  7. Directors list with identity & address proof.
  8. Complete details of existing employees.
  • Inspection: Chief inspection officer from the labour department of state must be present at the site for the purpose of inspection. Only on being satisfied with the site location and details mentioned in your application form, the officer will prepare his report.
  • Shop registration certificate: After successful inspection by the officer, you will get registration approval that day only and the physical shop registration certificate will be issued within minimum time period.

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The provisions of shop & establishment act do not apply to:

  • Establishment used to treat infirm, destitute or mentally unfit for the role.
  • A worker who is at the supervisory or managerial level
  • Office of central/state government or local authority
  • A worker who holds a confidential position
  • Office of RBI

Opening a shop has been much easy as compared to a company registration or a LLP. But still there are certain grey areas where an individual needs to consult a financial & legal expert to put things to work. CAonWEB will help you and make it easy to get shop registration certificate so that an individual need start their business operation on time.

Get in touch with our legal experts about shop registration certificate and the most effective shop registration process in India.

📢Contact Us:

E-mail: info@caonweb.com

Contact Us: +91-9801443206

Address: E-36, FF, Noida sector 8, UP 201301

All About TDS on Buying a Property in India, Section 194 IA


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194 IA Governs the provisions of TDS to be deducted on any immovable property transfer.


A person who is purchasing any immovable property (other than agricultural land) from a resident needs to deduct TDS at the rate of 1%.

There is no need to deduct TDS If the property value is less than Rs. 50 lakhs


  • In case of 194LA regarding compulsory acquisition, provision of this section 194IA is not applicable.
  • If the seller is non-resident Indian or NRI then TDS is to be deducted under section 195 on basis of capital gains and not under this section.
  • For properties which are under construction, TDS will be deducted only on installments paid on or after 1st June, 2013.


Time when tax deducted is to be made is at the time of credit of such amount to the account of the payee or at the time of payment whichever is earlier. The date of registration, agreement or contract is not relevant to decide the time of payment of TDS.

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When the purchase price of the property exceeds rupees. The TDS will then be deducted from the first installment itself and for all installments. The buyer should not wait for the aggregate instalment amounts to exceed Rs. 50 lakh. It is incorrect to assume that TDS is to be deducted from final instalment or when amount exceeds Rs. 50 lakhs.

If the purchaser has taken bank loan and the bank pays directly to the seller in this case also TDS needs to be deducted on date of such payment to the seller.

In such case, it should be considered that the amount paid by bank is after tds and tds to be paid. For Example: – A bank pays Rs. 400000/- to the seller, so we should consider this as payment after TDS and so the gross payment will be 400000/.99 = 404040.40/- So the purchaser has to pay Rs. 4040 as TDS.


The deductor that is person buying property has to file form 26QB which is a Challan cum declaration statement within 30 days from the end of the month in which payment is made. It is not possible to file a separate TDS return for such deductions. Form 26QB must be submitted online.


• TDS is deducted for each installment payment and you must submit a separate Form 26QB for each deduction.

• Form 26QB is submitted for a combination of one buyer and one seller. As with one buyer and two sellers, if you have two buyers and two sellers, you will submit four forms 26QB (two forms for each buyer) for each deduction.

• You do not need to obtain a tax credit account number (TAN) for those who are required to take a tax credit in this section. Only the buyer’s PAN minus TDS is required to submit Form 26QB.

How to Apply Apeda Registration_ Online Apeda Registration Fees & Procedure

How to Apply Apeda Registration? Online Apeda Registration Fees & Procedure

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A major part of India’s GDP is from agriculture and allied products. India being one of the agricultural rich economies has its strong presence and goodwill of agricultural products even overseas. APEDA which is a government registered body working directly under the Ministry of commerce & industry is the apex institution to govern the SOP for APEDA registration in India. APEDA act came into force in 1986 by Agriculture & processed food product export development authority act, 1985 passed by parliament.

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Functions of APEDA

  • Development of agriculture related Industries: By way of providing financial assistance, surveys, research studies, reliefs or subsidy schemes etc.
  • Registration: Export registration on payment of required fees.
  • Setting quality standards of the product for exports.
  • Packaging and marketing of scheduled products.
  • Training & development of industrial personnel.
  • Carrying out inspection.

How to get complete guidance about APEDA registration in India?

There are a set of agricultural products specified under the APEDA which are known as scheduled products. The exporters of such products require prior approval from the authorities to export them via. APEDA registration in India.

One of the most opted out methods to get APEDA registration is to hire a consultant who will look after all the registration, documentation & compliance procedures for APEDA registration in India rather than keep a close watch on your operations.

Find the most trusted APEDA Consultant [https://www.caonweb.com/apeda-registration.php] >>> fill up the expert consultancy form >>> APEDA consultant will get in touch with you shortly >>> customized advice for each product.

Till the time your APEDA query is in process you can grab as much information about APEDA its benefits, documents required and get answers to all your queries from our website.

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What are the advantages related with APEDA registration in India?

  • Export of scheduled agricultural product requires APEDA registration
  • Financial credit assistance scheme of government to promote agricultural products
  • Helps in brand publicity across borders
  • Expanded market outreach which will help the exporters to understand various other products and the business environment of the exporting country.
  • Participate in the training & development programmes organized by APEDA.

What is the procedure for APEDA registration in India?

Sections 12 of APEDA act, 1985 pens down all the rules & regulation compliance which are required for APEDA registration in India. Who is required to have APEDA Registration? It states thatevery person exporting one or more scheduled products shall opt for APEDA registration, before the expiry of one month from the date on which he undertakes such exports or before the expiry of three months from the date this act came into force, whichever is later.

CAONWEB being the most trusted Chartered accountants financial firm will help you in providing all sorts of APEDA registration assistance till you get your final RCMC certificate. Apart from APEDA registration we will also help in all your business compliances.

1.) Find APEDA registration website (https://apeda.gov.in/apedawebsite/)

2.) Find the “Register as Member” clickable option on the right side.

2.1.    Basic details: IE Code, name of the company, Email ID & contact no.

2.2.    OTP Verification: Email ID & registered number; the exporter needs to first verify both of them separately.

3.) Fill the application form and upload the necessary documents.

4.) APEDA registration fees + 18% GST should be paid through online mode/offline mode.

5.) Application number is generated once the payment is made.

6.) Login details will be sent to the registered Email ID & Contact number.

7.) Exporters can view the status of the application by clicking the “Track Application” icon.

8.) In case of any missing information in the application form, the export will need to resubmit the form online.

Hiring an APEDA Registration Consultants will certainly give you an edge over your competitors because of various reasons such as; expert advice, market analysis, eases in APEDA registration, compliance friendly enterprise.


Click here: APEDA REGSTRATION: Is it mandatory for export of agricultural

Click here: APEDA Registration: Procedure of filing & tracking status

Click here: Apeda License Registration


CORPORATE SOCIAL RESPONSIBILITY [CSR]: Section 135 of Companies Act, 2013

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There is a social responsibility of every individual & corporation towards nature, environment & society at large. Therefore for a company registration in India, one must adhere with the CSR guidelines as specified in the companies act, 2013.

Section 135 of Companies Act:

Section 135 Companies act, implies the formation of a corporate social responsibility committee or CSR committee consisting of three or more directors. This CSR committee must ensure that the company is spending the requisite amount of 2% in every financial year on the CSR activities.

Which corporation comes under the ambit of CSR: Section 135 companies act, 2013

  • Company having a net worth of Rs. 500 Crore; Or
  • Company with an annual turnover of Rs. 1000 Crore; Or
  • Company which is having an annual net profit of Rs. 5 Crore.

If your business falls under any of the above business categories then you must find the CA services online or get in touch with your Chartered Accountant at the earliest.

How does the CSR Committee work?

Section 134 mandates that the committee must file the report

  • Containing the details of composition of the CSR Committee.
  • Recommendation of the committee to the company’s board.
  • Monitor the CSR activities of the company.

How much should one corporation spend on CSR activities?

The minimum amount which a company is bound to spend on their CSR activities is 2% of their average annual net profit of three (3) immediately preceding financial year.

As there is a minimum amount being specified under the companies act, 2013 there is no maximum limit for the same. Companies can also spend more than 2% in case they wish to do so.

In addition to the above mentioned details a company must prioritise their CSR activities in their region of operation since this will signify a sense of responsibility of the company towards the region in which it operates.

What are the benefits attached with CSR activities?

Goodwill & Public relations

CSR helps in improving the public image of the company at large by considering the steps initiated by the company for the betterment of the society and increase the goodwill of the company by positive narrative & word of mouth.

Social Media Visibility

CSR activity brings the organization into the limelight of the social media which increases the media coverage and the social presence of the company.

Enhance the brand value

Building a social media presence and the customers having a strong narrative towards your company then certainly the brand value of your organization will become strong over the time. This brand value will help in growth of your revenues, more customer loyalty, satisfied customers and enhance your relationship with them.

Outshine among your competitors

If your CSR activities are perfect and unique than those which your competitors are opting for then certainly you will see the change in your revenue figures.

This is an opportunity for every business that they can leverage in their favor. Most businesses consider this as an expense or a burden but this is a chance to connect with your potential audience & build an informal connection and then your real side, value & beliefs of your organization.

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Micro, small & medium enterprises (MSME) is expected to be the lead contributor in the Indian economic growth and taking it to $5 trillion dollar mark. MSME is one of the fastest-growing sectors not only in India but across the globe. Most of the developed economies such as UK, Germany or USA were having one thing in common that they focused on their MSME Sector and the ways to bring it in the mainstream economy.

There are many functions which are beneficial for an MSME they are outsourced. One of the business management functions which most of the MSME’s outsource is the online bookkeeping services, online accounting services. Online bookkeeping services & accounting services which demands utmost specialization which certain MSME’s lack and this develops the dire need for outsourcing bookkeeping for MSME’s.

Accounting & Auditing

How outsourcing bookkeeping services for MSME’s will help?          

1. Resource planning: Resource is the baseline where every business operates. So proper resource planning should be done with minimal wastage and increase the efficiency of the enterprise because it will make it easy for you to bring economies of scale for your business.

2. Capital adequacy measurement: Not just MSME registration, a business how big or small requires some sort of capital influx. Arranging capital is the most difficult phase and many dream of an MSME registration ends here. But now the environment has changed and even the government is planning to make MSME the phase of Indian economy.

3. Managing accounts books: Online bookkeeping services will make it easy to maintain and manage your company’s books of accounts. Since the bookkeeping is the mandatory requirement under different statutory laws which need to be fulfilled such as:

I. Companies act, 2013

  • Section 128 of the companies act, 2013 specifically mentions the books of accounts for a period of 8 years immediately preceding the current year.
  • Section 25 companies that are solely formed as “Non-profit companies” are required to keep books of accounts for a period of not less than 4 years.

II. Income tax act, 1961

  • If the turnover from business/profession is more than INR 25, 00,000 or the income from business/profession exceeds INR 2, 50,000 in any of the 3 preceding financial years, then it is mandatory on the part of the assessee to maintain the records.
  • Section 6F specifies the list of various books that need to be maintained as per the Income tax act, 1961 viz. Cashbook, general ledger, copy of bills & receipts.
The books should be maintained for a period of 6 years from the relevant preceding year.

4. Improves decision making: With proper analysis of the accounts comes better decision making power. If you does not possess the books of account of your business then it might hamper your decision making power which will you and your business to grow. Hence your decision making also depends on the bookkeeping. Professional bookkeeping service will help improve the quality of accounts you maintain and makes the analysis easy.

5. Ease in reporting: Investors want to know the company’s financial results to be able to measure its investment value. Exactly this is what financial statements do. The balance sheet, statement of sales, and statement of cash flow all display the importance of your company.

Financial statements are the result of bookkeeping. Bookkeeping helps investors to keep the details up-to-date and available. Investors should be able to make smarter, well-educated choices that are essentially for bookkeeping purposes. Bookkeeping is not only about existing investors but also about potential investors.

Online bookkeeping & accounting services are the need of the hour not just for MSME but it is an essential service for every company which needs to comply with different statutory laws in India.

How CAonWEB can help you in online bookkeeping & accounting services

  • Outsourcing bookkeeping & accounting services with CAonWEB will include different packages according to your business needs and your accounts will be reviewed by bookkeeping & accounting experts.
  • Outsourcing bookkeeping & accounting services cut your capital expense as you no longer need to bear the overhead cost which is associated with in-house bookkeeping & accounting services.
  • Outsourcing bookkeeping & accounting services will increase your time management efficiency as you no longer have to maintain full-time staff for the same.
  • Outsourcing bookkeeping & accounting services deliver real-time accounting which is much more accurate.

Constraints in outsourcing bookkeeping & accounting services-

  •  Reliability and trust
  •  Third-party cost
  •  Accessibility

CAonWEB makes all these constraints our strength; we have happy & satisfied clientele which is associated with us since 2012 and increasing day by day; our costing for bookkeeping & accounting services is much less than having an in-house bookkeeping & accounting department since we offer different types of packages which will suit your business; 

How do you get 12a and 80g Certificate Online?

How do you get 12a and 80g Certificate Online?

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12 A and 80 G certificate online

Income Tax Act in India contains provisions which say that donors get the tax benefit when they support NGOs financially. NGOs and other nonprofitable organizations in order to provide tax benefits to donors needs to get itself registered under 12A and 80G.

Overview of 80G and 12A Registrations

 As NGO and the nonprofitable organization attracts a large number of individual and corporate businesses for charity purposes who are looking to save taxes, therefore it is important for NGOs to get 80G and 12A registration.  Let’s understand these provisions one by one

So why does an NGO need 80G and 12A registration?

1.      can avail income tax exemption by getting itself registered and fulfilling certain other formalities, but such registration does not provide any benefit to the person making donations.

2.      To provide income Tax benefits to the “donors”, all NGO’s must apply for 80G & 12A certification. If an NGO gets itself registered under section 80G & 12A then the person or the organization making a donation to the NGO will get a deduction of 50% of donation amount from taxable income.

3.      An NGO is applicable for government funding only if it is registered under 80G & 12A.

4.      A newly registered NGO can also apply for 80G & 12AG registration.

5.      NGO does not have to pay tax for the entire lifetime if it gets registered under section 80G & 12A.

6.      An NGO can apply for 12A certification and 80G certifications just after the registration of an NGO.

7.      Decision: – Is an 80G certification required for your NGO to attract more donors.


The registration process may take time up to 3 to 4 months. The Registration done once is valid for a lifetime.

What is 80G Registration for an NGO?

Under the Income Tax Act, some donations are eligible for a tax deduction under Section 80G. NGOs or other non-profits must have 80G certificates in order to qualify as an organization that can pass on tax benefits.

The application is carefully checked by the IT Department before being granted such a certification. It is obvious due to the fact that fake claims might come up by fraudulent organizations. Registration under 80G is processed by the Commissioner of Income Tax. The registration process may take time up to 3 to 4 months. The Registration done once is valid for a lifetime

Eligibility for 80G Certification

Not all NGOs non-profit making organizations eligible for 80G certification. There are certain rules which need to be followed to obtain it. So here are some important criteria:

1.      As a non-profit organization, if the entity is involved in any profit-making activities, it will have to segregate the profit-making and nonprofit making activities.

2.      Charities with one community-focused or certain religious or business purpose are not granted 80G certification. Also, gifts made to trusts operating outside India (a foreign trust) are not eligible for a tax deduction.

3.      The donations received should not be misused on any account or used for any other purpose other than for the charitable purpose as prescribed in the rule of NGO, not even to be used within the organization but only for the charitable purpose, it shall be used. Proper accounting of receipts and expenditure, auditing is done in the process of granting registration.

So make sure you have the right Chartered Accountant who is helping you. If your CA has prior experience in NGO work, then only go for it.

4.       As mentioned in the above point, the accounting books and all transactions should be kept accurate as proof before applying for an 80G certificate.

These documents will be scrutinized by the IT department thoroughly before 80G certification is issued. Therefore having an experienced chartered accountant is this process is crucial.

Documents Required for 80G Registration

1. A detailed list of welfare activities

2. PAN card of NGO and Certificate of Incorporation

3. Form 10G

Click – Apply for NGO Registration

4. Memorandum of Association, (if Society or Section 8 company)

5. Trust Deed (if trust), List of Board of Trustees

6. Copy of utility bills (Water / Electricity/  House Tax Receipt-not older than 3 months)

7. NOC (No-Objection Certificate) from the property owner, if the office is located on a rented property

8.List of donors along with their PAN and complete address;

12A registration of NGO

In order to avail exemptions under Income Tax Laws, NGOs and non-profit making organizations must have a 12A certificate. So the purpose of the registration is to avail exemption from the payment of income tax. Section 8 company, Trust or society, must apply for a 12A certificate in order to claim tax exemption as provided by income tax laws.

Eligibility for 12A Registration

  1. If an NGO is carrying on activities related to profit-making activities then the benefits granted under this section are restricted. In such cases, registration is granted exclusively if the receipts from the trade activity are less than twenty percent of the total receipts of the organization
  2. Also, it may be noted that 12A Registration is not applicable for Private or Family Trusts. The activities of the NGO should be genuinely for the benefit of the public.
  1. The accounting books and all transactions should be kept accurate as proof before applying for an 80G certificate. These documents will be scrutinized by the IT department thoroughly before 80G certification is issued. Therefore having an experienced chartered accountant is this process is crucial

Documents Required for 12A Registration

1.      Memorandum of Association, (if Society or Section 8 company)

2.      Trust Deed (if trust), List of Board of Trustees

3.      A detailed list of welfare activities

4.       PAN card of NGO and Certificate of Incorporation

  1. Annual financial statements for three preceding financial years

6.      Copy of utility bills (Water / Electricity/  House Tax Receipt-not older than 3 months)

7.       NOC (No-Objection Certificate) from the property owner, if the office is located on a rented property

Frequently Asked Questions

What are the eligibility criteria for any NGO to obtain 12A and 80G certificates?

1.      NGO income or assets shall be exclusively for the purpose of charity.

2.      Proper books of accounts of the NGO should be maintained, including all receipts and expenditures.

3.      NGO should not be formed with the benefit of a specific religious community or caste.

4.      NGO should have the core objective of charitable purposes, and the whole income should be from donations. If in case, NGO has a business income then the trustee of the NGO should maintain separate books of accounts to ensure that NGO should not divert donations received

What is the 80G Registration Procedure?

1.      80G certificate application is submitted to the Commissioner of Income Tax for further scrutiny

2.      Once the applicant submits the form and the required documents for 80G registration, the next step is the on-the-premise inspection of the Income Tax department. During the inspection process, income tax department officials might ask for additional documents and evidence.

3.      On successful verification and scrutinizing of documents and evidence, the 80G certificate is granted

What are the documents required for 80G Certificate & 12A Registration?

1.      Copy of PAN Card of the organization.

2.      Duly filled in Form – 10G.

3.      Trust Deed or COI depending on the type of NGO

4.      List of donors along with their address and PAN.

5.      List of the governing board of trustee’s members along with their contact details

6.      Address proof of Registered office

Can 80G and 12A be registered online?

Yes, You can simply get in touch with CAonWEB and get everything done online at the best price with experienced CA’s in India.

Related Blog- How To Set Up A NGO In India?



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For some online ITR filing is more like a stressful issue while for some it is not. Ever wondered why? The only thing which differentiates both is the income tax consultant, a financial expert who is guiding you throughout your financial year. Finding the best CA Services online was a difficult task up till now, but now it’s pretty much easy to find an income tax consultant in your area and get your online ITR filing done, before the due dates dodging every scope for non-filing of income tax return on time.


Income tax return is done via a prescribed form which specifies the income earned throughout the financial year and taxes paid on it thereafter. This information on income tax return filing must be provided in the format prescribed to the income tax department before the due dates. Since income tax return filing requires calculations to be done, therefore it’s a sheer possibility that there are some miscalculations or some over or underestimations made. This is when you will have to focus on online ITR filing.

Online ITR filing is an electronic mode of ITR filing which through which a taxpayer can carry forward they lose or claim refunds from the income tax department. There are different ITR filing forms which are associated with different categories assesse?

ITR-1/Sahaj Individuals having income from salary, House property & other sources Total income up to 50 lacs.
ITR-2 Individuals/HUF not carrying business or profession under proprietorship.
ITR-3 Individuals/HUF earning income from proprietorship
ITR-4/Sugam Opting for Presumptive tax scheme
ITR-5 LLP, Firm, Trust, Co-operative society etc. Those covered under ITR-7 shall not fill this form.
ITR-6 Companies other than those claiming exemption under section 11 of Income tax act.
ITR-7 Entity (person or company) required to furnish details u/s 139 [4A, 4B, 4C, 4D, 4E] of Income tax act, 1961

You can make your IT Return filing much more effective and less burdening process if you follow the checklist: (1) Don’t forget the due date of online ITR filing. (2) Plan your investments beforehand. (3) Find Online CA Service. (4) E-Verification of IT Return. (5) ITR Form which you are eligible for. (6) Documents required for online Income tax return filing. (7) Check your online ITR filing status.


Q       What is the procedure of online ITR filing?

*  Go to e-Filing portal on Income tax website [www.incometaxindiaefiling.gov.in]

*   Enter PAN Card number which is the user ID, Password, Captcha code and then ‘Login’.

*   Tap on the ‘e-File’ and then ‘Income Tax Return’ link.

* Select Assessment Year, ITR Form Number, Filing Type, Submission Mode and Submit Online.

*   Click on ‘Continue’

* E-verify your IT Return (ITR)

*   OFFLINE METHOD (Paper verification)

*    ONLINE METHODClick on ‘Preview and Submit’ button, Verify all the data entered in the ITR.

*   Submit the ITR.


Q       What is the last date for online ITR filing for FY 2019-20?

Status of Taxpayer Due date (Assessment year)
Individuals/HUF/Association whose accounts does not requires to be audited July, 31st
Persons whose accounts needs to be audited: –          Company –          Partner of a firm –          Individuals September, 30th
Assessee who needs to furnish report under section 92E November, 30th

Q       How to check the status of your Income tax return?

1.  Checking your online ITR filing status is a very easy process, just follow the steps with the help of reference links mentioned foreside:

2. Go to Income tax website [https://www.incometaxindiaefiling.gov.in/home]

 3. Find “ITR Status” on the left side vertical bar menu

 4. Click on “ITR Status”

5. A new window of “ITR Status” will pop-up [https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/ITRStatusLink.html?lang=eng]

6.  Fill in your details such as PAN card number, Acknowledgment number & Captcha.

7. Click “Submit”

Q       What are the documents required for Income tax return filing?

·         PAN Card: PAN is a ten-digit alphanumeric number which is issued to an individual by the income tax department.

·         Form 16 issued by the employer: Form 16 is divided in 2 parts viz. Part-A & B. Part-A contains the details of tax deducted/deposited in the central government account. Part-B contains the details of the salary paid and any other income tax deducted.

·         Interest income documents: Bank statement, Interest statement on fixed deposits, TDS Certificate & any other form which specifies the interest income which you have earned in the previous year.

·         Form 26AS: 26AS is an annual consolidated credit statement which contains all information of tax being deducted on your income throughout year. This is an auto generated form which an individual can download from the income tax website.

·         Document required to claim the expenses: Certain deduction depends on the actual expenditure being done on the same therefore keeping the track of these expenses is needed such as:

–          Contribution to provident fund

–          Children’s school fees

–          LIC premium

–          Stamp duty/registration charges

·         Other documents: Interest on housing loan, education loan and stock trading statement which will specify your tax on capital gains.


Highlights of Budget 2020

What is Advance Tax and Due Dates for Advance Tax Payment

New ITR filing date for A.Y 2019-20

ITR Filing

Mobile & E-Mail Validation Before ITR Filing

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Income tax department has released an advisory for all the income taxpayers that they must validate their mobile numbers & E-Mail ID before online ITR filing. This advisory came up in the wake of many online ITR filing being declined rather they were not submitted properly. It is much to your convenience because Mobile & E-Mail ID validation before online ITR filing will help in smooth functioning of your business with any hurdle. You will receive all income tax updates on time, Notifications, Due dates, Circulars/Notice etc.

What is ITR Filing?

Income tax return (ITR) is form in which the assessee furnishes the information related to his Income in the previous year to the Income Tax Department. ITR should be filed before the due date or else you will miss on to your Income tax return. There are different ITR Forms which an individual needs to fill depending on the source of Income of the assessee.

ITR-1/Sahaj Individuals having income from salary, House property & other sources Total income upto 50 lacs.
ITR-2 Individuals/HUF not carrying business or profession under proprietorship.
ITR-3 Individuals/HUF earning income from proprietorship
ITR-4/Sugam Opting for Presumptive tax scheme
ITR-5 LLP, Firm, Trust, Co-operative society etc. Those covered under ITR-7 shall not fill this form.
ITR-6 Companies other than those claiming exemption under section 11 of Income tax act.

Why the need of Mobile & E-Mail ID validation before online ITR Filing Arise?

Income tax department has identified various cases where the default Mobile & E-Mail ID of the chartered accountants were provided instead of the actual income taxpayers because of which they are unaware of the government scheme, notifications, updates, notice & circulars. Since the access of the Income tax account is being held by their Chartered accountants the actual income taxpayers remains unaware.

To know more visit: What is Advance Tax and Due Dates for Advance Tax Payment

How Mobile & E-Mail ID validation before online ITR Filing is done?

This is a much simpler process and anyone can do this validation within 5 minutes.

  1. Login [http://www.incometaxindiaefiling.gov.in/home]
  2. On the top right corner there are three options
  3. New to e-filing
  4. Registered user
  5. Forgot your password
  6. Choose the option as per the requirement.
  7. Fill in your Mobile number & E-Mail ID.
  8. You will receive an OTP
  9. Put in the OTP there and your Mobile & E-Mail ID is validated.

[Note: In case you change your Mobile number or E-Mail ID in future, don’t forget to validate it and on your income tax portal]

Company Registration

How to Register a Company in India?

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Company registration in India has now become very easy and convenient. Just need to follow the 4 simple steps:

1- Acquire your Digital Signature Certificate(DSC) within the stipulated time.
2- Get your Director Identification Number (DIN) at the earliest.
3- Register your entity on the MCA Portal as New user registration.
4- Get the Certificate of Incorporation delivered at your doorstep.

With this, we have tried to cover all the basics of how to register a company.
If you still need any assistance on company registration, don’t stress over it, and let our team of experts guide you.