Financial Experts
Simplified Taxation Services for Individuals & Businesses
Managing taxes can be overwhelming, but we make it easy, accurate, and hassle-free. Whether you need to file tax returns, handle tax notices, or register for tax-related services, our experts are here to help!
- Experienced Tax Experts
- Accurate & Timely Filings
- Quick & Hassle-Free Process
- Affordable Pricing
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What We Do
We provide accurate, reliable, and hassle-free accounting and tax services to help businesses and individuals stay compliant and financially organized.
Income Tax Return
We assist individuals and businesses in filing accurate and timely tax returns, ensuring compliance with tax laws.
TDS Return Filing
Avoid penalties by filing your Tax Deducted at Source (TDS) returns on time. We ensure accurate calculations and timely submissions.
Income Tax Refund
If you have overpaid taxes, we help you claim your refund quickly and hassle-free.
Income Tax Assessment
We assist in handling tax assessments, audits, and scrutiny by tax authorities.
Form 15CA / CB
We help in filing Form 15CA/CB for foreign remittances, ensuring compliance with tax laws.
Professional Tax Registration
We assist businesses and professionals in registering for Professional Tax as per state regulations.
12A and 80G Registration
Get tax exemptions for NGOs through 12A and 80G registration.
FCRA Registration
We handle Foreign Contribution Regulation Act (FCRA) registration for NGOs receiving foreign funds.
How it works
Most of the services on this page start the same way. Service-specific steps are listed under each service below.
Upload the required documents & information to our web portal.
Choose Package and Pay online with different payments modes available.
On placing the order, your application will be assigned to one of our dedicated professionals.
Income Tax Return Filing
We can help you in filing your Income Tax Return through professionals while you sitting at home.
Types of Income Tax Returns
ITR 1
This ITR filing is for individuals whose income from Salary, Pension, House Property, or Other Sources upto INR 50 Lakhs.
ITR 2
This return is for Individuals & HUF whose income is from salary, pension, house property, capital gains, foreign asset/income or other sources.
ITR 3
This income tax return is for Individuals & HUF having income from profit and gains of business or profession (PGBP).
ITR 4
This ITR Filing is for Individuals or HUF who have income from PGBP but have opted for presumptive income scheme
ITR 5
This return is for Firms, LLPs, Body of Individuals (BOI) and Association of Persons (AOP)
ITR 6
This return is for all type of companies such as Public Limited Company, Private Limited Company, OPC, except Section 8 Company
Benefits of Filing Income Tax Return
Income Tax Return Filing Online Income Tax is a tax deducted by the central government from every eligible taxpayer. Income Tax Returns or ITR filing in India is a process in which the taxpayer can use to claim tax deductions, net tax liability, and to document the gross taxable income. It is mandatory for individuals to understand how to file income tax returns online India and get help from experts to avoid unwanted disputes.
Overview of Income Tax Return Filing Online in India: How can you file an income tax return in India?
You can file your income tax return filing online, either on the income tax. Taxpayers can file ITR, ITR 1 and ITR 4 online. Login to Income Tax e-Filing portal by entering user ID (PAN), Password, Captcha code and check ITR form
An income tax return filing online in India is a form where taxpayers pronounce their available pay, allowances, and duty installments. This methodology of recording income tax returns is alluded to as income tax return filing. While filing, the absolute annual tax you owe to the government is additionally determined. If you've paid more tax than required for the monetary year, the IT Department will discount the additional cash to your account.
On the off chance that you have come up short on charges for the year, if you don't mind paying the rest of the sum, and afterward document your income tax returns. Income tax return of ITR 1 , ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7 utilized for various kinds of income. A few structures are longer than the others, and they may require extra exposures, for example, balance sheet and profit and loss statement information.
For what reason do you need to document income tax returns?
Regardless of whether you are a resident Indian or an NRI, documenting an income tax return is obligatory, if you complete Indian income surpasses Rs 2.5 lakh. Regardless of whether you don't meet this limit, it's a decent practice to document or income tax e filing. An income tax return filing online in India is a significant archive you should create at the hour of profiting at home credit, as it mirrors your budgetary control and prosperity just as shows your ability to reimburse an advance.
In the event that you want to travel to another country for higher studies, or are going to take up work outside of India, you'll need at least three years' filed income tax returns to show as confirmation of income. Individuals handling your visa application may demand for your ITR online reports to assess your financial well being, which consequently shows that you can uphold yourself all alone in their nation
Information required for e-filing your income tax returns
- Produce essential data, for example, PAN, Aadhar Card, and current location.
- Details about all the bank accounts you've held in the given financial year is compulsory.
- Income verifications like current compensation details, income from ventures (like FDs, savings bank account) and so on.
- Information about all the deductions you have guaranteed under Section 80.
- Tax installment data, for example, TDS and advance tax payments.
Is it possible to document Income Tax Returns for budgetary years before 2014 on the Internet?
No, it is not possible to document income tax returns on the web for years before 2014. From 2017-18 onwards, you can just e-file income tax returns for 1 year. For instance, you can e-file the income tax return for FY 2017-18 just up to 31 March, 2019. You cannot record any profits for quite a long time.
What is the subsequent stage after you have e-filed your income tax return?
When you have filed your tax return on the web, you will see a 15-digit acknowledgement number on the screen affirming your accommodation. You should then confirm your tax return, which you can do from your Netbanking accounts.
Income Tax Filing Online in India Process: A Step-By-Step Guide
Check In The Event That You Need To Document A Tax Return For FY 2018-19, if your salary surpasses Rs 2.5 lakh (Rs 3 lakh for those matured 60 years and more) you should document an income tax return in India. You should likewise record a tax return if excess TDS has been deducted and you need to guarantee a refund.
Paper return or e-filing of income tax? In the event that you pay more prominent than Rs 5 lakh, or you are looking for a refund, you should file your income tax return online. An exception is made when the individual taxpayer is 80 years or more seasoned.
Accumulate Your Documents For Tax Filing The documents expected to e-file your tax return will differ case to case. Normally, you would need only a Form 16 and Form 26AS.
You will require:
- Basic details for example, PAN, Aadhaar number, and bank account details.
- Documents identified with your salary, such as Form 16 or Form 16A
- Form 26AS which contains data about TDS and advance tax installments.
Note that the income tax return is an Annexure-less structure. This implies no supporting records should be sent alongside your tax return. However, do store them cautiously. This will help in case the income tax department has any inquiries regarding your tax return.
Upload Your Form 16 Each organization in India issues Form 16 for every one of its employees, regularly in the most recent seven day stretches of May and initial fourteen days of June. You may get them in a PDF or as 2 seperate PDFs. Part A of Form 16 contains all the details related to the company’s TAN and TDS. Part B contains key data about recompenses such HRA, LTA, your taxable salary, and deductions you have announced on the hour of investment accommodation. In the event that you don't have a Form 16, you can in any case set up a tax return with only a payslip.
Claim Missed Out Deductions And Check If You Need To Make Good On Paying Tax. You can claim HRA, LIC premium and some other Section 80C expense or deduction you've missed. Medical repayments and LTA cannot be claimed. This will bring down your tax liability. Do take note of that medical reimbursements and LTA cannot be claimed.
Pay Tax On The Department Website If Essential. The tax is determined as you are documenting your tax return. In the event that you find that you have to cover extra tax, you should pay the tax first and afterward e-file your tax return. Both of these should be done before July 31st. On the off chance that you don't pay this tax before July 31st, you will be charged an interest amount of 1% per month (simple interest) on the tax amount outstanding. This interest will be determined from the due date pertinent to you for recording the arrival of the relevant year till the date that you really document your income tax return india.
A 15-Digit Acknowledgement Number Will Be Shown On The Screen. Send ITR-V Or E-Confirm Your Income Tax Return When the tax return is e-filed, you can send a 1-page affirmation to the income tax department in Bangalore or e-verify itr return online within 120 days from the date of e-filing. This should be possible for most Net Banking accounts. Ensure you check the tax returns, since returns that have not been confirmed are not handled by the tax department
Track Refund In Case You're Getting One. The e filing income tax department gets quicker every year with preparing your tax refunds. Taxpayers can expect to get their refund anyplace between only a little while for a couple of months.
ITR filing process
Our professional team will prepare computation of income & net tax liability
On after confirmation generate the income tax challan for income tax payment
After tax payment, file the income tax return and share ITR-V via email
Documents for ITR filing
- PAN Card
- Bank Statement
- Form 16 & 16A
- Digital Signature Certificate
Frequently Asked Questions
What are the due dates of filing Income Tax Returns?
For Individuals, the last date of filing Income Tax Return is 31st July of next financial year
For Companies & Persons who require tax audit under section 44AB, the last date of filing Income Tax Return is 30th September of next financial year
What if i am not able to file my income tax return on time?
If you mandatorily requires filing income tax return but failed to do so then you are liable to pay penalty amounting to INR 5000
I have filed my income tax return incorrect what should I do?
You can file revised return & correct the mistakes/errors. The revised return can be filed at any time before the expiry of 1 year from the end of the relevant assessment year
Who can not file ITR 1?
If your total income exceeds Rs 50 lakhs.
If you have foreign assets
If you have agricultural income which is more than Rs. 5,000,
If you have taxable capital gains
If you have income from business or profession
If you have income from more than one house property
Who can not file ITR 2?
This Return Form should not be filed by an individual whose total income for the assessment year 2017-18 includes Income from Business or Profession.
Who can not file ITR 3?
The old ITR-4 tax form has been renamed ITR-3. If you’ve e-filed an ITR-3 for FY 2015-16, then you must file an ITR-2 now.
Who can not file ITR 4?
The old ITR-4S tax form has been renamed ITR-4. If you’ve e-filed an ITR-4 for FY 2015-16, then you must file an ITR-3 now
Whether hiring CA for filing ITR is mandatory?
No, It is not mandatory to hire CA for filing Income Tax Return. Procedure to file ITR requires financial & legal knowledge. So it is advisable to hire a professional for the Job. LegaCorp has experience and better understanding plus our team of professionals can get the job done easily online while you sit back at your place and relax
Income Tax Refund
Claim Your Income Tax Refund directly to the bank account With Simple and Easy Steps! Our professionals can help you deal with Income Tax Refund status.
An income tax refund is issued by the Income Tax department after a taxpayer files income tax return during physical or online mode. The income tax refund is the difference between the tax levied and tax paid amount which a taxpayer acquires after filing the income tax return. As per Sections 237 to 245 of the Income Tax Act, 1961, an ITR Refund is allotted only after a taxpayer-paid the excess amount of tax than the actual tax amount.
Who can get an Income Tax refund?
In following cases, an individual or business entity can acquire a tax refund
- If you have paid advance taxes on the base of self-assessment and have paid more amount than actual tax liability.
- If excess TDS has been subtracted from your salary or bank deposits or security interest or debenture interest.
- If the regular tax liability gets decreased due to any error during the regular assessment process.
- If you have paid taxes in abroad for the related income you have taxed in India, you can claim a refund. This is mentioned under the rules of DTAA.
- If you have neglected to claim tax benefits or deductions against any tax saving investment.
- If the tax paid amount is in a negative figure even after considering paid tax and reductions claimed.
Conditions of Income tax refund Online
There are numerous income tax provisions available in Form 26AS which income tax authorities issue Income Tax Refund to taxpayers. Below is an exhaustive list which includes types of ITR Refund issued commonly.
We categorize income tax Refund in various cases -
- Not Determine ITR Refund
- Income Tax Refund already paid by cheque
- Income Tax Refund failed because of incorrect bank details
- ITR Refund Expired.
- ITR Refund Returned
- Income Tax Refund adjusted against last year's outstanding demand
Importance of Filing Income Tax Return
According to income tax laws, filing the Income Tax return and updating your Income-tax Return status is obligatory for every individual or entity whose income exceeds the threshold limit mentioned in the Income Tax Act-1961.
- Filing the return on time is the first and foremost necessity for claiming the Tax refund, by providing the adequate income and tax payment details.
- File your return online is desirable so that it is processed faster and it doesn’t have to go through the bureaucracy.
- Check your Income Tax Return status and ITR V acknowledgement to see if it’s reflecting the tax refund correctly.
- Also, get TDS Refund Back, if your client or employer deduct your TDS while making payment, it might be that you’re eligible for Tax Refund. On Income Tax Return filling you can claim your TDS credit and get a refund back excess TDS deducted over your net tax liability.
How can we help you get ITR Refund?
We have income tax specialists in our team who can understand and claim the reason for the income tax Refund served to you.
Our professionals not only help you advise what steps to be taken in response to income tax refund but also can represent income tax authorities on behalf of you.
Our professionals will look into the issue, request supporting documents/information; also provide guidance regarding the income tax refund procedure.
Income Tax Refund process
Our professional shall carefully examine the correctness & accuracy of the documents and file ITR form.
Our professional shall make regular follow up with government department for processing of ITR online.
On processing ITR, Income tax refund shall be credited to the bank account within 30 days.
Income Tax Notice
Got a Notice from Income Tax Authorities! Do not worry! Our professionals can help you deal with Income Tax Notice.
Why Do You Get an Income Tax Notice?
There can be various reasons for issuance of income tax notice. Income Tax Notice may be received to just request the furnishing of information or may be to start the assessment or any other income tax proceedings.
Reasons can be:-
- Non-filing of Income Tax Return
- Mismatch of Form 26AS with declared income.
- Non- Disclosure of Income
- Not declaring details of assets and investments made.
- Abnormal cash transactions
- For filing the defective return
- If you have done high-value transactions during the year
- If your return is picked for scrutiny
- For tax evasion in earlier years
- and many more…...
How to respond when you receive an Income Tax Notice?
An encounter with the income tax department is usually filled with stress.
Ensure the below before taking any further steps:-
- Is it really your name on the income tax notice?
- Is your Pan Number mentioned correctly?
- Which assessment year such notice relates to?
- Is there a correct document identification number [DIN]?
If all particulars are correct in the notice then you must need to reply to the notice within time. Our professional can help you understand the nature of notice and assist you draft and file the reply to the income tax authorities.
How can we help you get rid off Income Tax Notice?
- We have income tax experts in our team who can understand the reason for the income tax notice served to you.
- Our professionals not only help you advise what steps to be taken in response to income tax notice but also can represent income tax authorities on behalf of you.
- Our professionals will look into the issue, request supporting documents / information, draft a legal reply to the income tax notice and also file a response to the notice before income tax authorities.
What if not replied to the Income Tax Notice?
If you don’t answer the income tax notices within the specified time, there can be various implications.
Non-compliance of a tax notice not only attracts a penalty of ₹ 10,000 for non-compliance of notice but may lead to the best judgment assessment by the tax officer against you.
In other words, if you choose to be silent then income tax officers may add income based on the information available with them whether correct or wrong and charge a tax along with heavy penalties.
Furthermore, some non-compliances of income tax act contain prosecution punishment also.
Hence we suggest you to file a timely reply to the income tax notice.
Types of Income Tax Notices
Non-Critical Income Tax Notices
Non-filing of Income Tax Return This notice may ask you to file income tax return since there may be large value transactions or any entry available in Form 26AS.
Confirmation Balance u/s 133(6) of the Income Tax Act, 1961 Sometimes Income tax authority issued a notice to ask you to confirm the balance outstanding of the 3rd party with you, just to cross verify.
Intimation u/s 143(1) of the Income Tax Act, 1961 This is automated generated income tax return processing intimation order. This notice gives you a comparative statement of the income and other particulars declared by you in income tax return and particulars accepted or not accepted by the income tax authority. This may raise income tax demand which requires to be paid or rectified with the help of professionals
Defective Return Notice u/s 139(9) of the Act, 1961 This notice is received when the income tax authority found any particular in the income tax return filed not aligned with the income tax rules. In such cases, you need to rectify mistakes and refill the income tax return.
Critical Income Tax Notices
Notice under Section 143(3) This notice is received when the income tax return filed is picked for scrutiny. Now, the Income tax officer will call upon all information to examine all the possible sources of the income. Income tax officers shall add the income found which is not declared in ITR and also impose heavy penalties.
Notice under Section 148 This notice is received when the income tax official found some information that taxpayer has concealed the income and not paid tax on it.
TDS Return Filing
We can help you file TDS returns of your business in a hassle free manner while you sit at your place with just a few clicks of a mouse.
Types of TDS Returns
Form 24Q
This form is to be filled in respect to a tax deduction on payment of employee salary. This return is to be filed by all the employers in India.
Form 26Q
This form is to be filled in respect to tax deductions on transactions other than payment of salary, such as on rent, professional fees, interests, dividends, payment to contractors etc.
Form 26QB
The purpose of this form filing TDS Returns with regard to a deduction on income from the sale of immovable property in India.
Form 27Q
The purpose of filing of this type of return is to furnish details of the transactions in respect to the foreign payments made.
Form 27EQ
TCS Return is filed with respect to the tax collection at source on transactions such as sale of liquor, tendu leaves, scrap sales, timber, etc.
Form 27D
This type of form is filled for obtaining the certificate of Tax Collected at Source or the TCS. This certificate of TCS validates the return filed in Form 27EQ.
Why should you timely file your TDS returns?
- To avoid the penalty: No doubt, late filing of the TDS/TCS return would attract a heavy penalty of INR 200 per day till default continues.
- To prevent additional penalty: Besides the minimum penalty of INR 200, the tax deductor would also be liable for the additional penalty for failure to file TDS return within one year from the particular date. This ranges from INR 10,000 to INR 1 lakh.
- To facilitate reconciliation of the ITR: The main purpose of the filing of TDS return is reconciling of the income actually earned with income declared in the income tax return.
- To avoid cancellation of the expenditure: If the person supposed to file the TDS return fails to do so on time, then the assessing officer may opt for nullifying the impact of expenditure on which the TDS was required to be deducted but not deducted. Hence liable for incremental tax incidence.
- Facilitating filling of Form 26AS: Form 26AS is annual consolidated tax statement that specifies the details of the taxes deducted during the year. Anyone can claim TDS credit only if entries is visible in form 26AS. If you deduct the TDS of a person and not file TDS return, such person may rush to you for the same at last moment.
Process of TDS return filing
Our professional team will prepare TDS return and provide you the statement for approval.
Once approved, our professional will file TDS return online.
An Acknowledgement Receipt of TDS return shall be provided to you over the email.
Documents for TDS return filing
- TAN
- Details of deductee
Frequently Asked Questions
What is the objective of TDS return filing?
The main purpose of the filing of TDS return is to reconcile or balance the amount paid in the form of income tax as per the details in the Income Tax Returns.
What if the TDS return is not filed timely?
If an individual is supposed to file the TDS return but failed to do so on time, then the assessing officer may cancel all his expenditure, including the salary payments, on which the TDS was to be deducted.
What is the penalty for non-filing of TDS return?
The penalty for late filing of TDS return is INR 200 per day.
Is there any additional penalty for non-filing of TDS return?
Yes. apart from the basic penalty of INR 200 per day, there is an additional penalty for non-filing of TDS return within one year from the particular date, which can vary from INR 10,000 to 1 lakh.
What is the threshold limit for TDS return filing?
There is no threshold limit as such referred under the Income Tax Act, and TDS is to be deducted from the whole amount of expense.
When is TDS deducted?
TDS needs to be deducted while the amount of expenses is to be credited or paid to the payee, whatsoever is earlier.
What are the due dates for TDS return filing?
The due dates for Form 24Q, 26Q and 27Q is the Last date of the next month after every quarter end.
However, the due date for Form 27EQ (for TCS) is 15th the next month after every quarter end.
TDS Returns Revision
Got TDS Notice from Income Tax Department? File Correction TDS Returns now.
Correction TDS Returns Filing
Due Date
There is no due date for filing of a TDS revision return. Hence, it can be filed at any time. However, if you have received income tax notice, you should comply with the due date mentioned in the same.
Credit of TDS
Erroneously filed TDS Return will not allow TDS Credit to the deductee. Correctly filed TDS Return will ensure appropriate credit of TDS to your vendor.
Justification File
The TDS demand notice does not mention the detailed reasons behind the notice. To find out the reasons for default, the deductor has to download a justification report from the TRACES website. A justification report contains all details about the TDS demand notice.
TDS Returns Revision
TDS Return is required to be filed by any person who is liable to deduct tax at source. A TDS Return is a quarterly statement which has to be submitted to the Income Tax Department of India. Submitting TDS Return is mandatory if you are a deductor. It should contain all details of TDS deducted and deposited by you for a particular quarter.
You may need to file TDS correction or TDS revision if you have wrongly shown any details in original TDS Returns. Such mistakes can be wrong PAN, wrong date, or short or no tax deduction. In all such cases, in order to ensure seamless credit to the person whose TDS is deducted, you should revise your TDS Return.
You may also need to revise your TDS return if you have short paid any TDS and received any notice from income tax department. It should be noted that only by paying short deducted TDS, your work is not over. This has to be given effect through a correctly filed TDS statement.
TDS return may be corrected as many times as needed. There is no due date by which a TDS return has to be revised. Hence, as soon as an error is discovered, you should file a correction return.
Documents required for TDS Returns Revision
Quick checklist
- Your TAN
- Challans of TDS Payment
- Details of Deduction
- Ack Receipt of Original Return
TAN & Challans All we need is your TAN (Tax Deduction Account number) and challans of TDS paid by you. TAN is an alphanumeric number which is issued by the Income-tax department. Also, if you have deposited TDS online, an acknowledgment of amounts paid will be generated from your bank website. This is challan 281. All you need to provide is this two information to get going.
TDS Returns Revision process
Discussion over the telephone with legal expert
Your TDS return application is submitted.
After all successful submission you will receive return acknowledgement.
Frequently Asked Questions
Who needs to pay TDS or TCS & How to pay TDS?
TDS is to be paid by the person who is liable to deduct/Collect tax at a prescribed rate of income tax act known as deductor from the income of another person called deductee. Deductor has valid TAN which is used to quote at the time of making payment using challan 281 of TDS/TCS to central government thru both online as a well offline mode. Online payment of TDS/TCS can be made from internet net banking facility using traces online facility while offline payment can be deposited to a designated bank over their counters.
How many times can we revise TDS return?
A correction TDS/TCS statement can be furnished multiple times to incorporate changes in the regular TDS/TCS statement whereas a regular TDS/TCS statement will be accepted at the TIN central system only once.
Is there any penalty for revising TDS return?
Penalty under section 271H can also be levied if the deductor/collector files an incorrect TDS/TCS return. In other words, minimum penalty of Rs. 10,000 and maximum penalty of upto Rs. 1,00,000 can be levied if the deductor/collector files an incorrect TDS/TCS return.
Is it compulsory to file TDS return?
TDS return filing is compulsory for all the assessees who fall under the tax slab as prescribed by the Income Tax Department. It is compulsory to e-file the TDS returns and it can be done through the official Income Tax e-filing portal. It is mandatory that the TDS returns are submitted on time by the deductors.
Who is Eligible for TDS Return?
Employers and organisations with a valid TAN are qualified for filing TDS returns. Individuals whose accounts are audited under Section 44AB, and hold an office under the government or companies are liable to file online TDS return every quarter.
TAN Registration
Liable for Tax Deduction(TDS)? Apply for TAN Registration. Any entity or individual that is required to deduct taxes at source while making specific payments such as salary, rent etc need to first obtain TAN number. Get TAN registration with LegaCorp support to begin processing all business payments. The plan is designed to get your TAN registration for your business in no time. Be it Obtaining a new TAN or request for getting a correction done in the existing one, LegaCorp helps you to get it all done hassle-free.
We can help you apply for your tan registration within 2 working days while you sit at home.
Highlights
Mandatory to quote
It is mandatory to quote TAN on TDS returns and challans. It is also required to be quoted in all correspondences with the IT Department.
Validity
Once a TAN is issued, it is valid for lifetime. However, TDS Filings must be made quarterly on the 31st day of July, October, January, and May. Non-filing of TDS filings within the due date will attract a penalty.
Multiple TAN
You can have multiple TAN for a single PAN. You can apply for different TAN for different branches of the same company.
What is TAN Registration?
TAN i.e. Tax Deduction and Collection Account Number is a 10 digit alphanumeric number, e.g. DELM12345L, required to be obtained by all persons who are responsible for deducting tax at source or collecting tax at source. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan, TDS/TCS certificates, Annual Information Return and other documents as may be prescribed. There are two modes for applying for TAN- Offline and online.
About TAN Registration
Concept
The Tax deduction and collection account number is the unique 10-character alphanumeric code required by persons who have to deduct tax at source or TDS.
Who issues TAN card?
The Income Tax Department has delegated this power to NSDL, who on the behalf of IT department and under the supervision of CBDT issues the TAN card.
Who can apply?
Any Individual or a business entity that is supposed to deduct the TDS and file the TDS return are mandatory to apply for TAN.
Validity of TAN card
The TAN number is valid for a lifetime unless you surrender it to the tax authorities due to some reasons. The generation of the TAN is a one-time process requires no renewal.
How to apply for TAN?
The persons who have to obtain the TAN number require to file TAN application form 49B.
Authenticity of the TAN Card
The government offers an online portal “Know your TAN” from where anyone can easily verify and authenticate the validity of TAN number.
Benefits of TAN number
- While filing TDS return using TAN, the complete address and PIN code of the deductee gets auto-populated as mentioned in Income Tax Department. This ensures transparency in taxation.
- While filing TDS return using TAN, Status of Booking also gets captured. This helps the deductor to track whether or not his return has matched with TDS statement filed by him.
- Apart from filing TDS returns, TAN can also be used for generating payment challans and TDS/TCS certificates.
- Different branches of a company can separately make TAN application online for a separate TAN for that branch or division.
Process of TAN card registration
Discussion over the telephone with legal expert
Our professional team will fill and submit TAN application form 49B
An Acknowledgement Receipt Number consisting unique 15-digits will be provided to you
The TAN allotment letter shall be delivered at your doorstep within a few days
Documents for TAN registration
- Passport-size photograph
- Aadhaar Card
- Proof of Address
Frequently Asked Questions
Who must apply for TAN?
All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.
Why apply for TAN?
The provisions of section 203A of the Income-tax Act require all persons who deduct or collect tax at source to apply for the allotment of a TAN. The section also makes it mandatory for TAN to be quoted in all TDS/TCS returns, all TDS/TCS payment challans and all TDS/TCS certificates to be issued. Failure to apply for TAN or comply with any of the other provisions of the section attracts a penalty of Rs. 10,000/-.
Why is it necessary to have a TAN?
TAN is required to be quoted in all TDS/TCS returns, all TDS/TCS payment challans and all TDS/TCS certificates to be issued. TDS/TCS returns will not be received if TAN is not quoted and challans for TDS/TCS payments will not be accepted by banks. Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of Rs. 10,000/-.
Single TAN is to be used in case of deductor who has to deduct tax from different types of payment such as salary interest payment etc
TAN once allotted can be used for all types of deduction and collection. In other words, it is not necessary to apply for different TAN if the deductor has to deduct tax from different types of payment such as salary, interest payment, etc.
What is duplicate TAN?
Duplicate TAN is a TAN which has been inadvertently obtained by the same person who is responsible for deducting/collecting a tax and who already has a TAN allotted to him earlier. In other words, more than one TAN issued to a person is called duplicate TAN. It is illegal to possess or use more than one TAN. Different branches/divisions of an entity may, however, have separate TAN.
How to do online TAN registration?
The individuals who want to get online TAN registration must fill in the TAN application form 49B that can be obtained from any of the NSDL centres and submit the documents required for TAN application and hit the submit button.
How to track the TAN application status online?
Visit the official NSDL link for tracking TAN Card status.
Select Application Type- TAN New/Change Request.
Enter your 15-digit ARN.
Enter the captcha text and hit Submit button.
Your TAN Card status will be displayed.
If entity not required mandatory tax audit, Is it compulsory to apply for TAN & deduct TDS?
Yes, You need to deduct TDS on salary, vendor payments and other payments as per the provision of TDS irrespective of your business entity required Tax audit under section 44AB or not.
PAN Registration
We can help you apply for your pan registration within 2 working days while you sit at home.
About PAN Card
Concept
Permanent Account Number is the unique 10-character alphanumeric code given to individuals, HUF, and business-firms in India and abroad.
Who issues PAN card?
The Income Tax Department has delegated this power to NSDL and UTI, who on the behalf of IT department and under the supervision of CBDT issues the PAN card.
Who can apply?
Any Individual, HUF and all kind of business entities. It is mandatory for the persons who earn taxable income, and are required to pay Income Tax.
Validity of PAN card
Pan Card is valid for the lifetime unless you surrender it to tax authorities. The generation of the PAN is one-time process requires no renewal.
How to verify the PAN?
The government offers an online portal ‘Know Your PAN’, from where anyone can easily verify and authenticate the validity of PAN number.
Benefits of PAN Card
The benefits of PAN Card generation are as follows-
- Easily open your bank account.
- No hurdle to any business transaction.
- Claim your IT Refunds and Rebates.
- TDS Rebate on saving deposits.
- An opening of the demat account.
- Avail Loan Facility.
- Buying & selling property.
Process of PAN card registration
Our professional team will file and submit Pan card form 49A
We will provide you an Acknowledgement receipt number containing unique 15-digits.
The PAN card shall be delivered at your doorstep very soon.
Documents for PAN registration
- Passport-size photograph
- Aadhaar Card
Frequently Asked Questions
What is a PAN?
The Permanent Account Number or PAN is the authentic alphanumeric code consisting of 10 characters alloted to the individuals, HUF and business-firms in India and abroad.
Who are mandatorily required to have PAN card?
People who are for the persons earning taxable income, i.e. they are required to pay Income Tax and file Income Tax Returns are mandatory to bear the PAN card.
What is the threshold limit for companies to obtain PAN card?
All business whose total sales, gross receipts and turnover exceed inr 5 lakhs are mandatory to issue pan card.
How much transaction compulsory need PAN card?
All transactions exceeding INR 50,000 can be done only through a PAN card.
What is the penalty for not obtaining PAN card?
The penalty of not having a PAN card if its mandatory amounts to INR 10,000 under Section 272B of Income Tax Act.
How to track the PAN Card status online?
Visit the official NSDL link for tracking PAN Card status.
Select Application Type- PAN New/Change Request.
Enter your 15-digit ARN.
Enter the captcha text and hit Submit button.
Your PAN Card status will be displayed.
What are the documents required for PAN card application?
Passport size Photograph
Aadhar Card and
Proof of Address
How to link PAN card with Aadhaar card?
For this, you first need to get registered on Income Tax e-filing portal. Once registered,
Login at NSDL using the Username, Password and Date of Birth.
Click on Link Aadhaar from Profile settings tab.
Enter your necessary details.
Enter captcha text and hit Link Aadhaar button.
GST Return Filing
We can help you file GST returns hassle free for your business while you sitting at your place with just a few clicks of a mouse.
Types of GST Returns
GSTR 1
Purpose of this return is to furnish details of all sales including B2B and B2C. Due date of this return is 10th of every month and in case of a quarterly return, the end of next month of every quarter.
GSTR 3B
This is a summary return with details of net tax liability based on the output & input tax. Due date of this return is 20th of every month.
GSTR 4
A business who opt for composition scheme and needs to pay to subsidize GST rates from 1% to 5% & file this quarterly return.
GSTR 1A
The purpose of this return is to rectify/resolve the mismatch in sales figures with your customers to whom you raise the tax invoice
GSTR 8
An e-commerce operator who needs to collect TCS (Tax collected at source) under GST requires to file this return till 10th of every month.
GSTR 9
This is the Annual GST return, which is to be filed by all registered persons till 31st March of every financial year.
Why should you file GST returns on time?
- Avoid penalty – failing to file gst returns on time will attract a penalty of inr 200 per day and maximum up to inr 5000 of each return
- Avoid registration cancellation – to be worst if you don’t file gst returns on time your certificate might get cancelled.
- Better relationship with your prospects – filing gst returns on time will let your customers claim input credit smoothly hence maintain a healthy relationship with good prospects
- Better compliance rating – government of india has proposed to start the compliance rating system under which scorecard of every gst registrant shall be maintained. As a matter of fact, timely gst return filing is one of the key factors to compute such rating.
- Ease of availing loan – evidently, timely and accurate gst return filing helps a taxpayer a lot while applying for loans from a bank or financial institutions. The banks ascertain a taxpayer's credibility on the basis of his gst returns.
- E-waybill generation – in order to compel the businesses for regular compliance and gst return filing, the finance ministry has now restricted e-way bill generation for transportation of goods, in case the trader has not filed gst returns for 2 successive months.
GST Return filing process
Provide Required Information and Documents over the mail
Our professional will prepare GST Return and intimate the tax liability
Our professional will file GST Return online with GST department
Share the acknowledgment receipt obtained from the portal
Frequently Asked Questions
Is GST return filing mandatory in case of no invoicing/no business?
Yes. GST Returns must be filed according to the GST law. GST return filing is mandatory, irrespective of whether or not any transaction has been recorded in a month. In case of non-filing of nil GST Returns, a late fee of ₹100 per day will be chargeable till such delay continues.
Do we need to upload all invoices while GST return filing?
No. It purely depends upon 2 factors whether you need to upload all invoices while GST return filing-
Whether you are uploading B2B or B2C invoice
Whether you are involved in Intra-state or Inter-state supplies.
Which type of GST invoices have to be uploaded in case of B2B supply?
In case of B2B supply, all invoices shall be uploaded, regardless of Intra-state or Inter-state supply. Only then, the Input credit can be claimed by the recipient business.
Which type of GST invoices have to be shown in case of B2C supply?
In case of B2C supply, invoices, may not be required as the customers shall not take Input credit.
So, in that case, the invoices of value exceeding ₹2.5 lacs are to be furnished in case of inter-state B2C supplies.
In case of inter-state invoices below ₹2.5 lacs an intra-state supply, state wise summary will be sufficient.
How to revise the GST returns?
Any amendment or revision in a GST return filing is recorded in rectification return.
How to revise the GSTR-1?
To record an amendment or revision in a GSTR-1 Form GSTR-1A shall be filed.
What is the maximum Penalty for Not filing GST returns?
In any case, the maximum penalty payable for non-filing of GST return being filed is set at ₹5,000 by the Government.
Who needs to file monthly GSTR-1?
All taxpayers having annual turnover beyond 5 crores needs to file Monthly GSTR-1 till 10th of every month.
Which type of GST return has to be filed while GST cancellation?
In case of cancellation of GST registration, Final return GSTR-10 has to be filed. The Form GSTR-10 has to be filed within 3 months after the GST cancellation.
What if Final GST return not filed?
In case of failure to file final GST return,
A notice shall be sent the registered person by the authority.
The maximum period for filing GSTR-10 is 15 days time.
In case of failure to serve this notice period, GST officer shall pass the final order of GST cancellation along with the amount of net GST tax payable and the sum of interest or penalty.
What is the Late fee in case of Annual return GSTR-9?
Late fee in case of late Annual GST return filing in FORM GSTR-9 is ₹200 per day till such delay continues. Out of that, ₹100 is payable under for CGST act & SGST/UTGST Act respectively.
What is the Maximum Penalty in case of GSTR-9?
The maximum penalty payable in case of annual GST return filing shall be 0.25% of the Turnover for the respective financial year.
What is the Late fee in case of Late GST return filing?
Late fees in case of Non-filing of GST returns is as follows-
In case of nil transaction in GST return,
A late fee of ₹100 per day will be chargeable until such delay continues.
Out of this ₹50 is payable under for CGST act & SGST/UTGST Act respectively.
In case even a single transaction has been recorded,
A penalty of ₹200 per day will be chargeable until such delay continues.
Out of this ₹100 is payable under for CGST act & SGST/UTGST Act respectively.
Is it mandatory to file GST return?
Yes, Once you have taken GST registration, you have to file GST Return irrespective of the turnover
What if i have taken GST Registration but there is no business, do i still need to file GST Return?
Yes, you still have to file GST return irrespective of the business occurred or not.
What are the types of GST returns need to be file?
Under Normal Scheme, two types of the GST returns required to be file i.e. GSTR-1 & GSTR-3B.
What is due date of GSTR-3B?
GSTR-3B requires to be file every month. Due date of filing GSTR 3B return is 20th of next following month.
What is the due date of GSTR-1 Return?
GSTR 1 Return requires details of sales & outward supplies. Due date of this return is 10th of every Quarter/Month based on turnover.
Which GST return require to be file under Composition Scheme?
Under Composition scheme, GSTR 4 requires to be file on quarterly basis.
What if i don’t file GST Return?
Non-filing of GST return on time will attract a penalty of ₹20-50 per day until GST return for such month/ quarter not filed.
My turnover is not exceeding INR 20 Lakhs Do i still need to file returns?
Once you have obtained GST Registration, You have to file GST returns irrespective of the turnover
Is filing of GST Return Online mandatory to avail Input Tax Credit?
Yes, without GST Return filing online you cannot avail input tax credit.
Is Digital Signature Required for GST return filing?
No, if you are a sole proprietor or partnership firm, DSC won’t be required, For other business types such as private limited company, public limited company, OPC and LLP, DSC of authorized signatory is required to file gst return.
Can i file GSTR 1 before GSTR 3B?
No, You can not file GSTR 1 Return before GSTR 3B Return
What is the GST return filling procedure?
You need to provide us sales and purchase details of the period and our professional shall file your GST Return online.
LUT Registration
We can help you file the Letter of Undertaking to save IGST payment on your exports.
Highlights
Importance
Letter of Undertaking or LUT is mandatory to be filed with the government if you want to export goods without payment of tax.
Export Promotion
The main objective of government behind the introduction of LUT registration is the promotion of exports from India.
IGST Free Export
You do not need to pay the IGST on exporting your goods if you carry a LUT certificate.
Smooth Process
With LUT, you will be able to grab the global opportunities easily with comparatively less lengthy customs procedure.
Saving more funds
On carrying LUT registration, you can avoid plugging your funds into paying IGST liability which can rather be utilized for boosting your export business.
Saves Time
Gone are those days when you had to wait for months for getting the refund of taxes paid on exports. You can now conduct export without paying IGST.
What is an LUT?
LUT is an acronym for the Letter of Undertaking, which is a document filed by an exporter to get a relief from payment of IGST on exports. In order to boost exports, the government has provided the option of filing LUT for exporters to do exports without payment of IGST.
Why opt for LUT registration?
Earlier, the importers & exporters had to pay IGST on the purchases of input as well as on export of goods. However, they could claim the refund of GST, but that was a really long-drawn process.
As the small traders face the problem of an extreme liquidity crunch, the government has introduced the option of filing LUT Certificate, wherein they can now conduct exports on 0% IGST, by clearly specifying that their motive is export of goods.
How to file LUT for export?
Consult our business advisor on how to File LUT for export.
Our professional will verify the validity of documents & Information provided.
On submission of details, LUT online application will be signed with EVC.
Your LUT online application will be sent for approval by the GST Department
On verification of details, the LUT will be successfully filed.
Documents for LUT registration
- GST Certificate
- Details of Witness
Frequently Asked Questions
Why do we need an LUT Registration?
All GST registered persons who intend to export goods without payment of IGST are required to furnish a Letter of Undertaking or LUT.
Which exporters can’t apply for LUT?
Those individuals can’t apply for LUT registration who have violated any law or have been prosecuted for any offence under CGST Act, 2017 or IGST Act, 2017 or any existing laws in force, or in case the amount of tax evaded by them exceeds ₹ 2.5 crores.
Can the Relaxation of Export without IGST payment under LUT be rejected?
If a registered person fails to pay the outstanding GST tax along with interest, within the specified period the facility of export without IGST payment of integrated tax will be cancelled.
How can the Relaxation of Export without IGST payment be restored after cancellation?
The relaxation of Export without IGST payment can be restored upon payment of the outstanding liability.
Frequently Asked Questions
Who needs to file an Income Tax Return (ITR)?
Any individual, business, or organization earning income above the prescribed limit must file an ITR annually as per government regulations.
What should I do if I receive an Income Tax Notice?
If you receive a tax notice, don’t panic! It could be for verification, mismatched details, or additional tax dues. We help you understand, respond, and resolve the notice.
How can I check my Income Tax Refund status?
You can check your refund status on the Income Tax e-filing portal. If your refund is delayed, we can assist you in tracking and claiming it quickly.
What is Income Tax Assessment?
The Income Tax Department reviews your tax filings to ensure accuracy. If selected for assessment, we help you handle the process smoothly.
How often do I need to file a TDS Return?
TDS returns must be filed quarterly by businesses deducting tax at source, ensuring compliance and avoiding penalties.
What is Form 15CA / CB, and when is it required?
Form 15CA/CB is required for foreign remittances. It ensures tax compliance before making payments outside India. We assist in seamless filing and approval.
Is Professional Tax Registration mandatory for my business?
Yes, Professional Tax Registration is required in some states for businesses, self-employed professionals, and salaried individuals. We help in quick and easy registration.
What are 12A and 80G registrations for NGOs?
These registrations provide tax exemptions for NGOs. With 12A registration, NGOs get tax-free status, while 80G allows donors to claim tax benefits.
What is FCRA Registration, and who needs it?
NGOs receiving foreign donations must register under FCRA (Foreign Contribution Regulation Act) to ensure compliance with legal guidelines.
What is CSR Registration, and why is it important?
Companies involved in Corporate Social Responsibility (CSR) activities need to register for compliance with government regulations. We help in seamless CSR registration.
Will you provide this service in my town?
Yes, LegaCorp is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done.
Do I need to physically present for the process?
No, You don’t need to be physically present for the process, LegaCorp is an online catering platform all you need is an internet connection in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at the remotest location of India
If you can't find answers to your questions in our FAQ section, you can always contact us. We will get back to you shortly.
Still have questions?
Relax because we always will be here for you.
