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Haryana प्रगति के पद पर :- Haryana allows non-transport vehicle registry at dealer point

Wednesday, August 26, 2015 | comments

Friends,   Haryana Government has also started hassle  free Non-Transport Vehicle registration.   This scheme has been started since 2014 but dealer avoid to help the buyer.   They do not convey this facility to purchaser.   As I have just availed this facility through dealer I want to share with you in detail so that everyone can avail such excellent facility in Haryana.     Knowledge of working of this system is detailed below in the interest of buyer :-





Under this new system, new non-transport vehicles will not be required to present before the registering authority or any other authority for verification or passing before their registration

The Haryana government has introduced a system of dealer-point registration of non-transport vehicles. Under this new system, new non-transport vehicles will not be required to present before the registering authority or any other authority for verification or passing before their registration.


The system will help in simplifying the procedure for the registration of motor vehicles, saving time of vehicle owners, making the system transparent and reducing workload in the offices of registering authorities.



While informing this here , the Transport Commissioner, Haryana  said that the new non-transport vehicles, sold by any dealer of motor vehicles in Haryana to any resident of Haryana, which are type approved and fully body built and manufactured in the India will not be required to be present before the registering authority or any other Authority for verification or passing before their registration. Such vehicles would be registered on production of a certificate of inspection issued by the dealers of motor vehicles in prescribed form.



Under the new system, the Transport Commissioner, Haryana on request from the dealer and having satisfied, would issue user ID and password to the dealer. At the time of sale of the vehicle, the dealer would have to login to www.haryanatransport.gov.in and fill form no. 20, save it and forward it to the concerned Registering Authority after verifying the residence proof of the purchaser. The dealer will generate hard copy of form no. 20 bearing his stamp and signature and unique number of the application. He would fill certificate of inspection and take pencil print of the vehicle chassis number in the space provided.



She said that the printed copy of form no. 20 and certificate of inspection will be handed over to the owner of the vehicle by the dealer. The owner of the vehicle will submit the application form alongwith all required documents and requisite tax and fee in the office of concerned Registering Authority and the same will be processed by the concerned Registering Authority for the registration of the vehicle as per provisions of Motor Vehicles Act.

Income Tax :- How can i resolve e-filing Password issue ?

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Friends,    It is a general issue for Income Tax assessee that he has forgotten his e-filing Password.   This password is required one time in a year  to file Income Tax Return.   The assessee who has write down this password anywhere feels free for filing his Income Tax Return.  But who has not write down, have to face difficulty for the collecting the same.   

                 No-doubt, Forget option has been provided by Income Tax Department and may be reset New Password.   But it also requires some information like  Bank Account Number, Acknowledgment Number , Digital Signature ,  Answer Secret Question , Tan Number of Deductor etc. 


Easiest Way to file Income Tax Return without having e-filing password of Income Tax e-filing website


                 Internet Banking is best source to file your online Income Tax return without having password of Income Tax e-filing website.   When we select e-file Income Tax return option through internet banking facility there is no requirement of another password, only internet banking User Id and Password is required to file your Income Tax Return online. 

                Filing of Income Tax return through internet banking facility also resolve the problem of Assessee who is under dispute with his consultant like advocate , C.A. etc.  It has been observed that professional do not share or inform password of Assessee for filing of Income Tax Return online.  

e-TDS :- Entry of Late Filing Fee in NSDL RPU

Tuesday, August 18, 2015 | comments

Friends,   It is now general that Income Tax Department charge Late Filing Fee @ 200/- per day. on account of late submission of TDS / TCS returns.   But before depositing any Levy of Late Filing Fee on account of Late submission of TDS / TCS return, deductor should read below article. 


    No Need to Deposit Late Filing Fee charged prior 31.05.2015,  Note-1 ,  Note-2 with Letter 

              Further in case you are going to deposit the Late Filing Fee, you have two option to deposit the same.   Either through online or through Physical Challan No. 281.

              Precaution in filing Challan No. 281.  Amount should be entered in  "Fee " Column under code 400.




If you have deposited above levy using  Type of Payment code 200 then you will have also to  enter Amount of levy in the column of Others available in the last of Challan Sheet in RPU as shown below :-



In other case , If you have deposited above levy using  Type of Payment code 400 then you will not have  to  enter any amount  in the column of Others available in the last of Challan Sheet in RPU as shown below :-





Income Tax :- e-Verification (EVC) of ITR-V

Sunday, August 16, 2015 | comments

Friends,   Income Tax Department has started to accept Income Tax Return through EVC (Electronic Verification Code ).  It is excellent thought and saves lots of things as mentioned below :-


  1. Cost of Paper.
  2. Printing Charges.
  3. No Need of Printer for filing Income Tax Return. 
  4. No Need of DSC to verify ITR-V.
  5. Postal Cost. 
  6. No Need of big size envelope compatible with A4 size to send ITR-V at Bangalore etc.
There are three options to e-verification :-

 Option 1 – “I already have an EVC to e-Verify my return.” 
 Option 2 – “I do not have an EVC and I would like to generate EVC to e-Verify my return.” 
 Option 3 – “I would like to generate Aadhaar OTP to e-Verify my return.”

To read more in detail Click Here 

To download e-Verification Taxpayer Manual  Click Here 

Income Tax : - Due Dates for the Month August 2015

Saturday, August 1, 2015 | comments

Due Dates for the month August 2015

7 August 2015 -
​​​Due date for deposit of Tax deducted/collected for the month of July, 2015
15 August 2015 -
​​Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending June 30, 2015​
22 August 2015 -
​​Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of July, 2015
31 August 2015 -
​​Annual information return under section 285BA for the financial year 2014-15​
31 August 2015 -
​​Due date for filing returns of income-tax and wealth tax for the assessment year 2015-16 for all assessees other than - (a) Company; or (b) A person other than company whose books of account are required to be audited; or (c) A working partner of a firm whose accounts are required to be audited; or (d) Assessee who is required to furnish a report under Section 92E.

Income Tax : - Benefits of Filing your Income Tax Return on time

Friday, July 24, 2015 | comments

Friends,   There are too many silent benefits of filing of Income Tax Return in time. Out of which , some are explained below.   After viewing below points , every assessee should file his Income Tax Return in time. 
Benefits of Filing your Income Tax Return on time


Under Income Tax Act if your total income exceeds the basic exemption limit: You have to file the Income Tax Return within the prescribed time, i.e. by the due date.

The due dates of filing returns for Assessment Year 2015-16 are the following:
Category
Due Date


(a)   Most people fall in this category –
Salaried employees, pensioners and other persons whose accounts are not required to be audited

31st August 2015 (Extended Date)

(b)   Companies and other persons whose accounts are to be audited
30th September 2015  



What happens if a person does not file the Income Tax Return by the due date


You have to Pay Interest on Income Tax Due if you don’t file on time

If you do not file the Income Tax Return by the due date:

You are liable to pay interest at the rate of one percent for every month after the due date till the date of filing the return.



If No Tax is due: Interest is calculated on the amount of tax payable after adjustment of pre-paid taxes like advance tax, TDS etc. So, if there is no tax payable on the basis of the Income declared in the Tax Return, there is no liability for the payment of interest.


You don’t get the benefit of Carry Forward of Losses if you don’t file on time

Under income tax law, if you have sustained a Business loss or loss under the head “Capital Gains”, you can carry forward the loss ONLY if you file the Income Tax Return by the due date.

Therefore, if you have sustained a loss, you must file your Income Tax Return in time if you want to carry forward the loss for future adjustment with your Income.


Possibility of Penalty or Prosecution by the Income Tax Department

Say you could not file the Income Tax Return by the due date: To avoid any penalty by the Income Tax Department, you must file your Income Tax Return before the end of the relevant assessment year that is 31st March 2016.

Possibility of Penalty and Prosecution: If you do not file your Income Tax Return by 31st March 2016, the Income Tax Department may impose a penalty of Rs. 5000, even though the tax payable by you may be Zero.

Further, if a person has failed to file the Income Tax Return by 31st March 2016 and the tax payable after adjustment of advance tax and TDS exceeds Rs. 3000, he may be prosecuted for imprisonment also. However, this law is used in practice very rarely.


Other reasons for filing the returns of income within time

· If a refund is due after adjustment of prepaid taxes, it is necessary to file the Income Tax Return to get the refund from the Income Tax Department.

· Bank Loans: Further, the return is a declaration of your income and it will be extremely helpful when you are applying for a loan from bank. Before granting the loan, banks want to know your financial capacity and your income details as shown by you in income tax returns. 

· Visas of foreign countries: Many countries want to know if you are financially sound before they issue you a visa and for this purpose they will rely on your income tax returns.

Haryana Vat e-payment though All Leading Banks

Sunday, July 19, 2015 | comments

Friends,   Haryana Vat payment is earlier possible through only State Bank of India or Punjab National Bank. But now the same is possible with the help of Internet Banking of All Leading Banks. There is no link for e-payment  at http://egrashry.nic.in .   Haryana Vat Payment from any bank (via Payumoney.com) can be done after login at www.haryanatax.gov.in .   Login ID and OTP is providing by the Vat Offices.   This user id and password is also helpful for uploading online Haryana Vat Returns.   Screen shoots are given for more clarity :- 


Online Vat Return system in Haryana

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Friends,  Haryana Government has also started to accept online Vat Return submission system.   The free utility to generate XML file is available at www.haryanatax.gov.in .   Utility has provided Excel Based or CSV based templates to upload bulk Vat Return data.   Data can be entered in utility directly one by one or with the help of  Templates.    

                    Earlier there was no Vat Form for informing Tax Free Sales.  But now two more new Vat Forms have been Added in Annexures named  LS4A and LS4B.  

                       In the first experience , It feels that there is some difficulty in selection of Name of Major Items through Popup Window.    List of all Items can be viewed in a excel sheet after unhide the sheet Named "Hidden".  The said sheet is required to choose required item name while entering i Excel Template etc.  Screen shoot of the list is given below :-


Download All Templates with Software in Version 0.0.6 (Click Here)



Income Tax e-filing Forget Password or Reset Password

Thursday, July 16, 2015 | comments

Friends,   Due to different password with different sites with different conditions, It is not possible for anyone to remember all.   Some passwords require Alpha only ,some require Numeric only, some require Alpha + Numeric and some require Alpha + Numeric + Special Characters etc.  This all shows human problem with Password.   In case you have not stored password in writing any where, It is not possible to remember all.  

               Nowadays,  online Income Tax Returns filing is going on and in the interest of  Assessee , functionality of Reset Password at Income Tax Return filing site is given below : -

Reset Password Options 

Registered user can reset the password using one of the following options: 
1. Answer Secret Question. 
2. Upload Digital Signature Certificate 
3. Using OTP (PINs) 

1. Answer Secret Question 
To Reset Password using the ‘Answer Secret Question’ option, the steps are as below: 
Step 1: In Homepage, Click on "LOGIN HERE" 
Step 2: Click on "FORGOT PASSWORD" link. 
Step 3: User must provide User ID, CAPTCHA and click on CONTINUE button. 
Step 4: Select ‘Answer Secret Question’ from the drop down options available. 
Step 5: Enter the Date of Birth/Incorporation from the Calendar provided (Mandatory) 
Step 6: Select the Secret Question from the drop down options available (Mandatory) 
Step 7: Enter the ‘Secret Answer’ and Click on “VALIDATE”. 
Step 8: On success, the user must enter the New Password and confirm the password. 
Step 9: Click on “SUBMIT” 

Once the password has been changed a success message will be displayed. User can login with new password. 

2. Upload Digital Signature Certificate 
To Reset Password using the ‘Upload Digital Signature Certificate’ option, the steps are as follows:
Step 1: In Homepage, Click on "LOGIN HERE" 
Step 2: Click on "FORGOT PASSWORD" link. 
Step 3: User must provide User ID, CAPTCHA and click on CONTINUE button. 
Step 4: Select ‘Upload Digital Signature Certificate’ from the drop down options available 
Step 5: User can select any one of the two options provided: 
              i. New DSC 
             ii. Registered DSC 
Step 6: User must Upload DSC and click on the “VALIDATE” button. The DSC is validated. 
Step 7: On success, the user must enter the New Password and confirm the password. 
Step 8: Click on “SUBMIT” 

Once the password has been changed a success message will be displayed. User can login with new password. 

3. Using OTP (PINs) 
To Reset Password using the ‘Using OTP (PINs)’ option, the steps are as follows: 
Step 1: In Homepage, Click on "LOGIN HERE" 
Step 2: Click on "FORGOT PASSWORD" link. 
Step 3: User must provide User ID, CAPTCHA and click on CONTINUE button. 
Step 4: Select ‘One Time Password’ from the drop down options available. 
Step 5: The user must select one of the options mentioned below 
            >> Registered Email ID and Mobile Number 
            >> New Email ID and Mobile Number


Income Tax : - No Need to Send ITR-V

Wednesday, July 15, 2015 | comments

Friends,  Income Tax Department has applied e-Verification of  Income Tax Returns which is excellent.   There is lot of benefit of this functionality i.e. no need to send individually, paper saving , no fear of cancellation of return in the absence of ITR-v with Income Tax Department etc.   Complete procedure of e-verification is given below :-

e-Verification of Returns
e-Verification of Returns – User Manual 
Table of Contents 

1 e-Verification while uploading a return (Non - NetBanking) ........................ 
2 e-Verification of an already uploaded return (Non - NetBanking) ................ 
3 e-Verification while uploading a return through NetBanking Log

1 e-Verification while uploading a return (Non - NetBanking) 
1 Upload Return  Click Submit 
2 The Return is uploaded (Pending for e-Verification) 
3 Four e-Verification options provided – Taxpayer can choose any one of the options provided to e-Verify the return. 
>> Option-1  “I already have an EVC and I would like to Submit EVC” 
>> Option-2  “I do not have an EVC and I would like to generate an EVC” 
>> Option-3  “I would like to generate Aadhaar OTP to e-Verify my return” 
>> Option-4  “I would like to e-Verify later/ I would like to send ITR-V” 

Option 1 – “I already have an EVC and I would like to Submit EVC” Step 1: Provide the EVC in the text box  Click Submit. Step 2: Download the Acknowledgement (No Further action required). 

Option 2 – “I do not have an EVC and I would like to generate an EVC” 

Two options are provided – Taxpayer can choose any one of the options if they do not have an EVC 

i. Generate EVC through NetBanking. 
ii. Generate EVC to registered Email Id and Mobile Number

Generate EVC through NetBanking: 
Step 1: Login to e-Filing Portal through NetBanking. 
Step 2: Click on e-Verify return. 

Generate EVC to registered Email Id and Mobile Number: 
Step 1: Enter the EVC sent to your registered Email Id / Mobile Number and Submit to e-Verify return. 
Step 2: Download the Acknowledgement (No Further action required). 

Option 3 – “I would like to generate Aadhaar OTP to e-Verify my return” Pre-requisite: Taxpayer’s PAN and Aadhaar should be linked. If Aadhaar is not linked, click on Link Aadhaar button and link the Aadhaar. 
Step 1: Enter the Aadhaar OTP sent to your Mobile Number registered with Aadhaar and Submit to e-Verify return. 
Step 2: Download the Acknowledgement (No Further action required). 

Option 4 – “I would like to e-Verify later/ I would like to send ITR-V” 
Step 1: Click on Continue  Download ITR-V Step 2: Submit ITR-V to CPC, Bangalore.

2 e-Verification of an already uploaded return (Non - NetBanking) 
1 Click e-Verify Return under e-file. 
2 Uploaded returns (120 Days) which are yet to be e-Verified are displayed in a table. 
3 Click on e-Verify (for the return already uploaded) 
4 Three e-Verification options provided – Taxpayer can choose any one of the options provided to e-Verify the return. 

 Option-1  “I already have an EVC and I would like to Submit EVC” 
 Option-2  “I do not have an EVC and I would like to generate an EVC” 
 Option-3  “I would like to generate Aadhaar OTP to e-Verify my return”
 
Option 1 – “I already have an EVC and I would like to Submit EVC” 
Step 1: Provide the EVC in the text box  Click Submit. 
Step 2: Download the Acknowledgement (No Further action required). 

Option 2 – “I do not have an EVC and I would like to generate an EVC” 

Two options are provided – Taxpayer can choose any one of the options if they do not have an EVC 
i. Generate EVC through NetBanking. 
ii. Generate EVC to registered Email Id and Mobile Number. 

Generate EVC through NetBanking: 
Step 1: Login to e-Filing Portal through Ne Banking. 
Step 2: Click on e-Verify return. Generate EVC to registered Email Id and Mobile Number: 
Step 1: Enter the EVC sent to your registered Email Id / Mobile Number and Submit to e-Verify return. 
Step 2: Download the Acknowledgement (No Further action required). 

Option 3 – “I would like to generate Aadhaar OTP to e-Verify my return” Pre-requisite: Taxpayer’s PAN and Aadhaar should be linked. If Aadhaar is not linked, click on Link Aadhaar button and link the Aadhaar. 
Step 1: Enter the Aadhaar OTP sent to your Mobile Number registered with Aadhaar and Submit to e-Verify return. 
Step 2: Download the Acknowledgement (No Further action required).


3 e-Verification while uploading a return through NetBanking Login 
1 Login to e-Filing through NetBanking 
2 Upload Return  Click Submit 
3 The Return is uploaded (Pending for e-Verification) 
4 Three e-Verification options provided – Taxpayer can choose any one of the options provided to e-Verify the return. 

 Option-1  “I would like to e-Verify my return now” 
 Option-2  “I would like to generate Aadhaar OTP to e-Verify my return” 
 Option-3  “I would like to e-Verify later/ I would like to send ITR-V” 

Option 1 – “I would like to e-Verify my return now” 

Step 1: Click on “I would like to e-Verify my return now”  Click Continue 
Step 2: Download the Acknowledgement (No Further action required). 

Option 2 – “I would like to generate Aadhaar OTP to e-Verify my return” Pre-requisite: Taxpayer’s PAN and Aadhaar should be linked. If Aadhaar is not linked, click on Link Aadhaar button and link the Aadhaar.

Step 1: Enter the Aadhaar OTP sent to your Mobile Number registered with Aadhaar and Submit to e-Verify return. 
Step 2: Download the Acknowledgement (No Further action required). 

Option 3 – “I would like to e-Verify later/ I would like to send ITR-V” 
Step 1: Click on Continue  Download ITR-V 
Step 2: Submit ITR-V to CPC, Bangalore. Note: User who has already uploaded the return and opts to e-Verify the existing return can use the above mentioned options other than Option 3.
 
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