Mandatory Filing of e-Form INC-22A (ACTIVE)

Mandatory Filing of e-Form INC-22A (ACTIVE) ‘KYC of Companies’

ACTIVE Form INC-22A Due Date Extension

*E-Form INC-22A (ACTIVE) Last Date has been extended up to June 15, 2019*

The Ministry of Corporate Affairs (MCA) has brought a new concept of Active Company Tagging Identities and Verification by the companies and introduces a new E-Form-ACTIVE.

Companies for which Filing of e-Form INC-22A is required:

Every company which is incorporated on or before the 31st December 2017
is required to file the particulars of the company and its registered office, in Form INC-22A on or before 25.04.2019 (Date has been extended up to June 15, 2019).

However, any company which has not filed its due financial statements u/s 137 or due annual returns u/s 92 or both with the ROC shall be restricted from filing E-Form-ACTIVE until such company is under management dispute and the Registrar has recorded the same on the register.

The company that has been struck off or under the process of striking off, under liquidation, amalgamated or dissolved, as recorded in the register of ROC, not required to file E-Form-ACTIVE.

Filing of e-Form INC-22A:

Make sure that all the DIN of the Directors is active and neither ‘Deactivated due to non-filing of DIR-3 KYC ‘nor ‘Disqualified u/s 164(2)’ of the Companies Act, 2013

(Note: if DIN not approved due to such reasons, relevant steps be taken in that regard)

Information to file in E-form INC-22A-

Particulars of the Company and its registered office including,

  • Location of Registered Office on Map (Latitude and Longitude)
  • A valid E-Mail ID of the Company (OTP verification)
  • Number of Directors as on the date of filing
  • Details of Statutory Auditors
  • Details of Cost Auditor
  • Details of CFO, if applicable
  • Details including DIN, Name and, Designation of CEO, Manager and Whole-Time Director
  • Details including Name, PAN and Membership No. of Company Secretary, if applicable
  • SRN number of AOC-4/ MGT-7 for FY 2017-18

Attachments-

Photograph of the registered office address showing the Inside and Outside Building, showing at least one Director or KMP who is affixing his/her DSC to E-Form-ACTIVE.

Certifications-

The form shall be Certify by the following persons:

  • OPC- One Director
  • Other Companies- 02 Directors or 01 Director and KMP
  • Certified by CS/CA/CWA in practice
GST Registration

Consequences of Non-filing of e-Form INC-22A:

If E-Form-ACTIVE is not filed by the company on or before 25.04.2019 
(Date has been extended up to June 15, 2019) , the company shall be marked as “ACTIVE-non-compliant” on or after 26th April 2019 
(Date has been extended up to June 15, 2019) and shall be liable for action under section 12(9) of the Act.

And, no request for recording the following event-based information or changes shall be accepted by the ROC from such companies marked as “ACTIVE non-compliant” unlessE-form-ACTIVE is filed –

  1. SH-07 (Change in Authorized Capital);
  2. PAS-03 (Change in Paid-up Capital);
  3. DIR- 12 (Changes in Director except for cessation);
  4. INC-22 (Change in Registered Office);
  5. INC-28 (Amalgamation, de-merger)

Where a company files “E-form INC-22A or E-form-ACTIVE”, on or after 26th April’ 2019 (Date has been extended up to June 15, 2019). , the company shall be marked as “ACTIVE Compliant”, on payment of a fee of TEN THOUSAND RUPEES.

For Filing of e-Form INC-22A, you can contact professionals through CAONWEB to avoid penalty of TEN THOUSAND RUPEES.

Due date of filing form INC 22A (ACTIVE) Extended till 15th June 2019

Understanding the New 2019 Federal Income Tax Brackets/ Slabs and rates?

Income Tax Brackets/Slabs & Rates applicable for FY 2019-20 are:

Income Tax Slabs for FY 2019-20 for Individual, Hindu undivided family (HUF), Association of persons (AOP), Body of individuals (BOI), Artificial juridical person*:

  • Income Up to ₹250000- NIL
  • Income from ₹250000-₹500000- 5%
  • Income from ₹500000-₹1000000- 20%
  • Income more than ₹1000000- 30%

Income Tax Slabs for FY 2019-20 for Senior Citizens (60 Years Old Or More but Less than 80 Years Old)*:

  • Income Up to ₹300000- NIL
  • Income from ₹300000-₹500000- 5%
  • Income from ₹500000-₹1000000- 20%
  • Income more than ₹1000000- 30%
Company Registration – How to Register a Company in India

Income Tax Slabs for FY 2019-20 for Super Senior Citizens (80 Years Old or more)*:

  • Income Up to ₹500000- NIL
  • Income from ₹500000-₹1000000- 20%
  • Income more than ₹1000000- 30%

*Note: In addition, cess and surcharge are levied as follows:

  • Health & Education Cess- 4% of the income tax amount
  • Surcharge- 10% of the income tax amount, where the total income exceeds ₹50 lakh up to ₹1crore.
  • Surcharge- 15% of the income tax amount, where the total income exceeds ₹1crore.

Income Tax Slabs for FY 2019-20 for Domestic Companies:

  • Gross turnover up to 250 Cr. in the previous year- 25%
  • Gross turnover exceeding 250 Cr. in the previous year- 30%

Note: In addition, cess and surcharge are levied as follows:

  • Health & Education Cess- 4% of Corporate Tax
  • Surcharge- 7%, where taxable income is more than 1Cr. but less than 10Cr.
  • Surcharge- 12%, where taxable income is more than 10Cr.

Read more: Are you a salaried Taxpayer? You need to be alert with recent changes in Form 16!!

Online Income Tax Return filing for FY 2019-20:

If you have gross total income exceeding the basic exemption limit during the previous year, then you must do online ITR filing in applicable income tax return form on or before the due date of ITR filing.

ITR due date of Online Income Tax Return filing for FY 2019-20 is 30th September 2020 for Company, a person other than a company whose accounts are required to be audited and a working partner of a firm whose accounts are required to be audited. And, ITR due date of Online Income Tax Return filing is 31st July 2020 for any other person.

Where a person furnishes the return of income after the due date of ITR filing or does not furnish the return of income than the simple interest of 1% per month or part of the month is payable. However, if he has paid taxes in full on or before the ITR due date interest is not levied.

Know this: Mistakes to avoid while filing Income Tax Return

Where a person fails to furnish a return of income within the due date of ITR filing he shall pay, by way of fee, a sum of ₹ 5000, if the return is furnished on or before the 31st December of the A.Y. and ₹ 10000 in any other case. However, if the total income of the person does not exceed ₹ 5 lakhs, the fees payable shall not exceed ₹ 1000. You can do online income tax return filing either yourself or take help of professionals. For any queries and services relating online income tax return filing, you can contact professionals providing services of ITR Filing through CAONWEB.

How to Check If Your PAN Card is Active or Not?

How to Check If Your PAN Card is Active or Not?

To take a dig over false issuance of PAN cards for illegal purposes, the government of India has recently deactivated 11 Lakh PAN Cards following duplication. These de-activated PAN Cards were either allotted to a non-existent person or in the name of people with fake identities. It is worth mentioning that it is mandatory to link PAN with Aadhaar. Those who are skeptical about their PAN card status can follow the below-mentioned steps to check whether their PAN is active or it has been deactivated:-

Step 1: Visit the official income tax department website https://www.incometaxindiaefiling.gov.in/home

Step 2: Click on “Verify Your PAN Details” option under the ‘Quick Links”’ menu on the homepage by inputting some essential details such as your PAN Number, Full Name, DoB, Status and Captcha Code.

Step 3: Upon entering the details, click on ‘Submit’ after which you will receive an OTP on your registered mobile number.
Step 4: Enter the One Time Password, after which you will be directed to the page that will show you

Step 5: The status of your PAN card under ‘remarks’ option – active or deactivated.

Step 6: The status of your PAN will be displayed on the screen.

Here’s a Sneak-Peek into the Details of PAN:-

A PAN card is made up of a ten-digit alphanumeric number that can be used to track financial transactions of an individual. Every tax paying citizen of India must possess a PAN card for smooth financial transactions both in India and abroad. As a general rule, one person should possess just one PAN card which can be helpful in following ways:-

  1. Tax deductions
  2. Starting a business
  3. Claiming funds
  4. Making investment
  5. Opening a bank account
  6. Buying and selling an immovable asset
  7. Buying RBI bonds and insurance
  8. Bank drafts and cash deposits

Why you should have a PAN card?

A PAN card is essential for every transaction made over and above Rs. 50,000/-. It also keeps a track of all financial transaction of an individual and companies that bring down the possibility of tax evasion. The pan card has your name, DOB, and photograph; it also serves as a nationally accepted identity proof for the cardholder.

The PAN card is useful when you purchase any vehicle, buy or sell immovable property, invest in shares or debentures over and above 1 lakh, and wish to open a new bank or demat account or while applying for a new credit card and several other transaction types.

How to Apply for a PAN Card?

A PAN Card can be applied both online and offline (which-so-ever is convenient). But before initiating any process, it is wise to keep all the documents handy. Also, note that the documents you provide in the PAN card application process must be valid at that time. The list of Documents required for Indian citizens for PAN card include:-

  1. Voter ID
  2. Aadhaar Card
  3. Passport copy
  4. ID card issued by the central or the state government authority
  5. Bank statement/credit card statement
  6. Water/electricity/gas bill

Note: All these can be used as a valid proof of address, identity, and Photo ID proof

The PAN Card Application Process

A PAN Card can be applied online and offline. To apply for it online, you can visit the NSDL portal or the UTIITSL website. The charges applied for a PAN card application is Rs 110/- for Indian citizens however for applicants residing outside India the payment of Rs. 1,020/- has to be made via credit/debit card, net banking, demand draft, etc.

To further ease the PAN application process and to make India digitalized, the income tax department has recently launched a mobile app called ‘Aaykar Setu’. It will allow customers to issue their PAN card using the Aadhaar e-KYC facility which will automatically verify the details of the customer. In addition to this, this app will also allow entities to pay taxes online, file refund and track income tax returns, TDS (tax deducted at source) with few simple clicks.

Below is the list of advantages that Aaykar Setu is sure to provide:

  1. It will save you a lot of time and make the PAN card application process less intrusive.
  2. Using this app from will help you resolve all your income tax issues with mere few simple clicks online.
  3. You can even personalize the Aaykar Setu’ app through a unique login ID and can file an income tax return using this app.
  4. With Aaykar Setu you can link your permanent account number with it and track all activities associated with your PAN card in few seconds.
  5. Using this app, you can make the process of getting PAN more hassle-free. It will also eliminate the role of private agents who charge hugely for issuing the PAN card and often delay the process as well due to their negligence. You can even use this new IT Dept’s mobile app to pay taxes online, apply for PAN online, ask queries from tax expert about tax payment on live chats, get quick tax calculation tool, etc.

These are quite significant details that would help you get your PAN Card with ease. Also if you have already applied for a PAN but your card has some minor spelling errors or if you need to make any corrections in your PAN, you can do the same online. Thanks to the government of India, the process of PAN is made simpler and effective with time. This has certainly made the lives of people a lot easier.

HOW-TO-FILE-INCOME-TAX-RETURN-ONLINE-FOR-SALARIED-EMPLOYEES-FOR-FY-2018-19

How to file Income Tax Return Online for salaried employees for FY 2018-19?

Salaried employees having gross total income exceeding the basic exemption limit during the previous year must file an income tax return in applicable income tax return form on or before the ITR due date. ITR due date is 30th September of the assessment year for taxpayers whose accounts are required to be audited and ITR due date is 31st July of the assessment year for other taxpayers. If ITR is not filed within the ITR due date penalty is levied. 

Online Income Tax Return filing procedure for salaried employees for FY 2018-19?

For online income tax return filing for FY 2018-19, salaried employees should follow the following steps:

Step 1: Register themselves on the Income Tax Department’s online income tax return filing site (incometaxindiaefiling.gov.in).

Step 2: Choose how they want to file their Income Tax Return as there are two ways. One is to go to the download section and select the required income tax return form, download it and fill all the details offline and then upload it back on the site. And, second is to fill the income tax return form online by selecting the quick e-file option.

Step 3: Select the applicable income tax return form available for Salaried Employees:

ITR 1-This form is for Individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income up to Rs.50 lakhs.

ITR 2-This form is for Individuals not having income from profits and gains of business or profession.

ITR 3-This form is for Individuals having income from profits and gains of business or profession.

ITR 4‐This form is for Individuals opting for presumptive income from business or profession.

ITR V– This is an acknowledgment of tax returns filed electronically without digital signature.

Step 4: Keep all the documents ready like PAN, Form 16 and 16A, Form 26AS, bank statements, interest statements, details of investments, insurance and home loans ready. If you earn more than Rs.50 lakhs than you will also have to fill an additional column —”AL” or assets and liabilities.

Step 5: Fill the form and upload and if you choose to fill the form offline, then after you have downloaded the form and fill all the details, click on generate XML. Then log in to the income tax website to upload the XML file and click on submit. 

Step 6: Verify ITR V as the tax filing process is incomplete and ITR is invalid unless your ITR V is verified. For verification of ITR-V, you can electronically verify or send the signed ITR V to the processing center in Bengaluru within 120 days of filing the return.

You can either do online income tax return filing yourself or take help of professionals through our online platform CAONWEB. And, if you have any queries relating online income tax return filing, income tax return form and ITR due date then you can also contact professionals through CAONWEB.

Also Read this:

Plan Income Tax Return: 3 Lesser Known Ways to Save Income Tax

Know About your Income Tax Return and Income Tax Slabs & Income Tax Rates for FY 2018-19

3-Lesser-Known-Ways-to-Save-Tax

Plan Income Tax Return: 3 Lesser Known Ways to Save Income Tax

Tax Saving is a continuous process but not everyone plans it well through the year. It often ends up being a last-minute rush whereas online income tax return filing is annual process. This financial year is nearing its end and if you haven’t been planning your taxes all through the year, you must be busy looking for last-minute options to save your hard-earned money this time around.

If you have already reached out to the more popular investment options, let’s look at some of the lesser-known investment options that can help you reduce your tax burden except the basic exemption limits mentioned in income tax slab by online income tax return filing on or before the ITR due date.

3 lesser known ways to save tax for online income tax return filing other than specified deductions and the basic exemption limits mentioned in income tax slab are as follows:

Company Registration India

Withdraw And Reinvest Old Tax-Saving Investments:

Sometimes, there’s no need for you to invest more money. You can use money received from old tax saving investments which have completed the lock-in period and re-invest them further for tax benefits.

Pre-School Fee Deduction Under Section 80C:

Tuition fees for pre-school (pre-nursery and nursery) are eligible for deduction under Section 80C. However the benefits are restricted to two children and each parent can claim for deduction on the fees for two children.

Saving Tax With The Help Of Parents:

Gift Money To Parents And Then Invest:

If you gift money to your parents or in laws, any income earned from investment of such money would be taxed as per the parents’ applicable tax slabs.

Pay Rent To Parents:

-You can claim exemption for HRA under Section 10(13A) and your parents will be eligible for standard deduction and deduction on municipal taxes paid, resulting in savings for the entire family. But you do need to have a proper rent agreement and rent slips from your parents.

-You can also claim deduction under Section 80GG for rent even if you are not eligible for HRA.

Pay Interest To Parents:

You can claim deduction under section 24B for interest on loan taken from parents to finance house purchase. But take proper interest certificate from your parents as proof of interest payment.

Premium Payment For Senior Citizen Parents:

 You can claim deduction under Section 80 (D) of up to ₹ 25,000 for premium payment for yourself in a financial year. And you can claim an additional deduction of ₹ 50,000 on premium payment for your senior citizen parents. If a senior citizen pays for the premium of his very senior parents, he/she can claim for an additional deduction of ₹ 50,000.

Also, if you are paying for the expenses on medicines for your senior citizen parents, you can avail deduction up to ₹ 50,000 under Section 80 (D). However, do keep a record of all the bills and prescriptions safely for submitting proof.

So, the above mentioned ways are lesser known to save tax, you can avail the benefits and can save your tax while online income tax return filing on or before the ITR due date in accordance to the applicable income tax slab. To understand in detail you can also consult professionals like CA, CS, tax consultant etc. as they have complete information about the the exemption limits, deductions, income tax slab, ITR due date, balance sheet, etc. To find authentic & verified professionals for online income tax return filing you can take help of CAONWEB online CA directory.

Company and Firms Registration in India

Business registration in India is very important when we think of starting a business in India. In today’s era, we have the facility of registering our business online. Online business registration involves less cost, less time and efforts and we don’t have to visit a consultant’s office every time as nowadays we can get these services online within a reasonable price.

For business registration in India, we first have to decide the type of business structure we want to choose among different types of business structure available in India.

Company registration in India

Online Firm Registration Process in India

Sole Proprietorship Firm Registration:

This structure is most suitable when your business is small and there is only one owner. It is the one which involves the least cost and has very fewer compliance.

Online firm registration process in India:

  • Open a current bank account
  • For opening a current bank account, we can either opt for MSME registration or have GST registration.

Partnership Firm Registration:

This structure is most suitable when there are two more persons come together to form a business as partners and divide the profits thereof in an agreed ratio. It is easy to form and have fewer compliances as compared to a company.

Related Blog – All you need to know about Company Registration as a startup

Online firm registration process in India:

  • Form a partnership deed on stamp paper with notarized  
  • Obtain PAN and TAN
  • Open a current bank account
  • For opening a current bank account, we can either opt for MSME registration or have GST registration.
  • As per the Partnership Act, 1932 registration of partnership firms is optional and is entirely depends on partners whether they want to register a partnership firm or not.

Company Registration Process in India

GST Registration

Company Private Company Registration Process in India:

As per Companies Act, 2013 private limited company should be registered with Ministry of Corporate Affairs. There should be at least 2 members who can also act as directors of the company. The private limited company registration process on India is as follows:

  • Apply for DSC
  • Apply for DIN in the form DIR-3
  • Register for company name in India via e-form RUN
  • Filing forms SPICe-INC-32 Form, e-MOA(INC-33) and e-AOA(INC-34) with MCA along with the required documents
  • Issue of Certificate of Incorporation
  • Open a current bank account

One Person Company Registration Process in India:

As per Companies Act, 2013 One Person Company should be registered with Ministry of Corporate Affairs. There are only 1 director and member. The online company registration process on India is as follows:

Limited Liability Partnership (LLP) Registration Process:

As per Companies Act, 2013 One Person Company should be registered with Ministry of Corporate Affairs. It has the benefits of both partnership firm and company into a single form of organization. The online firm registration process in India for LLP is as follows:

  • Apply for DSC
  • Apply for DIN in the form DIR-3
  • Register for the company name in India via e-form LLP-RUN
  • Incorporation Application in the form FiLLip
  • File LLP Agreement in form 3
  • Open a current bank account

The company registration process or online firm registration process in India is somewhat complex and involves tedious documentation part, along with also requires professional certification via chartered accountant, company secretary, cost and management accountant. You can search such said professionals on online directory of CAONWEB near you who can help you in online firm registration process in India or company registration process or for register company name in India or any other service related to licensing, registration or taxation.

Also Read these topic:-

How can a Non Resident person start a company in India?

How To Register Pvt Ltd Company in India?

Know-About-your-Income-Tax-Return-Slabs

Know About your Income Tax Return and Income Tax Slabs & Income Tax Rates for FY 2018-19

Income Tax Slabs & Income Tax Rates for FY 2018-19 for online income tax return filing:

Income Tax Slabs for FY 2018-19 for Individual, Hindu undivided family (HUF), Association of persons (AOP), Body of individuals (BOI), Artificial juridical person*:

  • Income Up to ₹250000- NIL
  • Income from ₹250000-₹500000- 5%
  • Income from ₹500000-₹1000000- 20%
  • Income more than ₹1000000- 30%
Company Registration

Income Tax Slabs for FY 2018-19 for Senior Citizens (60 Years Old Or More but Less than 80 Years Old)*:

  • Income Up to ₹300000- NIL
  • Income from ₹300000-₹500000- 5%
  • Income from ₹500000-₹1000000- 20%
  • Income more than ₹1000000- 30%

Income Tax Slab for FY 2018-19 for Super Senior Citizens (80 Years Old or more)*:

  • Income Up to ₹500000- NIL
  • Income from ₹500000-₹1000000- 20%
  • Income more than ₹1000000- 30%

*Note: In addition, cess and surcharge are levied as follows:

  • Health & Education Cess- 4% of income tax amount
  • Surcharge- 10% of income tax amount, where total income exceeds ₹50 lakh up to ₹1crore.
  • Surcharge- 15% of income tax amount, where total income exceeds ₹1crore.

Income Tax Slabs for FY 2018-19 for Domestic Companies:

  • Gross turnover up to 250 Cr. in the previous year- 25%
  • Gross turnover exceeding 250 Cr. in the previous year- 30%

Note: In addition, cess and surcharge are levied as follows:

  • Health & Education Cess- 4% of Corporate Tax
  • Surcharge- 7%, where taxable income is more than 1Cr. but less than 10Cr.
  • Surcharge- 12%, where taxable income is more than 10Cr.
Accounting & Auditing Services

Income Tax Slabs for FY 2018-19 for Co-operatives Societies:

  • Income Up to ₹10000- 10%
  • Income from ₹10000-₹20000- 20%
  • Income more than ₹20000- 30%

Note: In addition, cess and surcharge are levied as follows:

  • Health & Education Cess- 4% of Corporate Tax
  • Surcharge- 12%

Income Tax Slabs for FY 2018-19 for Firms/ LLP and Local Authority:

  • Firms/LLP- 30%
  • Local Authority- 30%

Note: In addition, cess and surcharge are levied as follows:

  • Health & Education Cess- 4% of Corporate Tax
  • Surcharge- 12%

Income Tax Slabs for FY 2018-19 for Foreign Companies:

  • Foreign Companies- 40%

Note: In addition, cess and surcharge are levied as follows:

  • Health & Education Cess- 4% of Corporate Tax
  • Surcharge- 2%, where taxable income is more than 1Cr. but less than 10Cr.
  • Surcharge- 5%, where taxable income is more than 10Cr.
GST Registration

Due date for online income tax return filing (FY 2018-19):

  • ITR due date is 30th September 2019 for Company, a person other than a company whose accounts are required to be audited and a working partner of a firm whose accounts are required to be audited.
  • ITR due date is 31st July 2019 for any other person.
  • Where a person furnishes the return of income after the ITR due date or does not furnish the return of income than the simple interest of 1% per month or part of the month is payable. However, if he has paid taxes in full on or before the ITR due date interest is not levied.
  • Where a person fails to furnish a return of income within the ITR due date he shall pay, by way of fee, a sum of ₹ 5000, if the return is furnished on or before the 31st December of the A.Y. and ₹ 10000 in any other case.
  • However, if the total income of the person does not exceed ₹ 5 lakhs, the fees payable shall not exceed ₹ 1000.

Online income tax return filing Services:

CAONWEB is an online platform of accounting and tax experts. You can visit our website for online income tax return filing.

INCOME-TAX-RETURN-FILING

ONLINE INCOME TAX RETURN FILING: PROCEDURE, DOCUMENTS

The process of filing income tax returns is online which is known as e-filing. The Income tax returns can be filed self or through the help of professional by registering on the income tax department website. E-filing is easier & popular as it doesn’t involve tedious paperwork and can be done easily from home or office.

PROCEDURE:

  1. Register or log in on income tax site i.e. IncomeTaxIndiaeFiling.gov.in
  2. Choose the applicable Income tax form and choose the financial year.
  3. Download the Income tax Return form
  4. Open the downloaded form in excel utility
  5. Fill in the details
  6. Check your tax credit statement
  7. Claim 80G, savings certificates, and other deductions
  8. Check the tax payable amount by clicking the ‘calculate tax’ tab and pay the tax (if applicable).
  9. Fill in the challan details in the Income tax form
  10. Confirm all the details filled in the worksheet by clicking the ‘validate’ tab.
  11. Create an XML file and save it on the desktop.
  12. Go to ‘upload return’ on the income tax site (IncomeTaxIndiaeFiling.gov.in) and upload the saved XML file.
  13. In case you have a digital signature, select’˜Yes’ otherwise, choose ‘No’.
  14. On submission the XML file of the income tax form, the acknowledgment form, ITR Verification (ITR-V) will be generated which will automatically be received in your registered email or the same can be downloaded by you.
  15. Take a printout of the form ITR-V (acknowledgment form) and sign it in blue ink.
  16. Send the form by ordinary or speed post to the Income-Tax Department for e verification-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka within 120 days of filing your returns online (Or e verification can also be done through online through electronic verification code or Aadhaar-linked one-time password, within 120 days of e-filing the return as mentioned on portal).

TECHNICAL TIP: The system should be equipped with Java Runtime Environment Version 7 Update 6 or above

List of Documents required for e-filing of tax returns

The checklist of documents required for filing ITR are provided below :

General details:

  • Bank account details
  • PAN Number

For salary income:

  • Rent receipts for claiming HRA
  • Form 16
  • Salary slips

For House Property income:

  • Address of the house property
  • Details of the co-owners (including their share in the property) and PAN details
  • Certificate for home loan interest
  • Date when the construction was completed, in case under construction property was purchased
  • In case the property is rented, Name of the tenant and the rental income

For capital gains:

  • Stock trading statement with details of purchase, if there are capital gains from selling the shares
  • In case a house or property is sold, details of sale price, purchase price, registration and capital gain is required
  • Mutual fund statement, debt funds, sale and purchase of equity funds, ELSS and SIPs

For other income:

  • Bank account statements are required
  • In case of interest accumulated in savings account, A deduction for up to Rs.10,000 is allowed on interest earned on savings accounts.
  • Interest income from tax saving bonds and corporate bonds
  • The details of income earned from post office deposit

More questions have in mind then watch our video:

Date Extended Till 30-June-19

DIRECTOR KYC

WHO HAS TO FILE e-FORM DIR-3 KYC?

As per MCAs announcement, any director who has been allotted a DIN on or before 31st of March 2019 and whose DIN is in approved status, will have to submit his KYC details to the MCA. It is a mandatory compliance requirement for all directors.

Last date for eForm DIR 3 KYC has been Extended from 30 April to 30 June 2019: MCA

WHAT IS DIRECTOR IDENTIFICATION NUMBER?

DIRECTOR IDENTIFICATION NUMBER is a unique identification number. This is a one-time process for any person who wants to be a director in one or more companies.

LIST OF DOCUMENTS REQUIRED:

The following documents are required for filing your DIR 3 -KYC form:

  • Permanent Account Number (PAN)
  • Voters Identity card/ Driving License
  • Passport (mandatory if DIN holder is a foreign national)
  • Aadhaar card
  • Personal Mobile and
  • Personal Email Address
  • Digital Signature of director (applicant)

The above-mentioned documents need to be attested from Practicing Professionals like CA, CS or Cost Accountants. In the case of Foreign Nationals, documents need to be apostille/ attested by the prescribed authority.

Company Registration – How to Register a Company in India

WHAT HAPPENS IF KYC IS NOT FILED WITHIN THE DUE DATE SPECIFIED?

In case, the director who is supposed to file the e-Form does not file it by the end of the due date, the department will mark the DIN of such director as ‘Deactivated’ with the reason of ‘Non-filing of DIR-3 KYC’.

For any queries and services related to this, you can visit our website of caonweb and contact our team of experts.

FAQs

Question:- Time period for validity of OTP?

Answer:- OTP sent on email and Mobile shall be valid for 15 minutes.

Question:-If foreign director resident in Indian can use Indian Mobile No.?

Answer:-Yes, if a foreign director is resident in India, can use Indian Mobile No.

Question:-What is due date of DIR-3 KYC?

Answer:-Due date of filing of DIR-3KYC is 30th April 2019

Question:-Whether DIRECTOR KYC is mandatory for Disqualified directors?

Answer:- Yes, this procedure is mandatory for Disqualified directors too.

Question:-What is the late fees of filing DIR-3KYC after the due date

Answer:-The late fees of filing DIR-3KYC is Rs. 5000.

Related Blog- Filing of e-Form INC-22A 

COMPANY-REGISTRATION-IN-DELHI

HOW TO REGISTER COMPANY IN DELHI?

Getting online company registration in India or private limited company registration in Delhi or required licenses for proprietorship firm registration in Delhi has become possible but you should always select a trusted advisor to offer you any Online Company incorporation In Delhi. Because the compliance advisory time to time may be needed by you and we could be your friend on that. With us, at caonweb we assure you that you will experience the best in terms of quality of service and also the price when it comes to New Company Registration in Delhi.

Online company registration in india

CHOOSE A BUSINESS STRUCTURE FOR NEW COMPANY REGISTRATION IN DELHI:

Your business can be a sole proprietorship, a partnership, a limited liability Partnership firm (LLP) or a company. The  business entity  HOW TO REGISTER COMPANY IN DELHI?ess entity you choose will impact many factors from your business name, to your liability, to how you file your taxes for online Company Incorporation in Delhi.

You can start with an initial business structure, and then re-evaluate and change your formation as your business develops and needs change.

Related Blog ->> ALL ABOUT COMPANY REGISTRATION IN INDIA

TYPE OF BUSINESS STRUCTURE:

Sole proprietorship: In a proprietorship firm structure, there is no difference between owner and the business. Business owner controls & manages everything directly in the business and has the unlimited liability for all losses and debt.

Related Blog – All you need to know about Company Registration as a startup

It is very easy way to start a business. There is no such mandatory proprietorship firm registration in delhi with Government in proprietorship structure. There is exclusive PAN card in the name of business. The income tax return and the payment of taxes is done by proprietor only. A proprietor can have a different trade name for the business. Proprietorship firm registration in Delhi is easies form to start business.

You can take the help of professionals for proprietorship firm registration in Delhi.

Partnership: This structure is most popular for those business started by more than one person, a small or unorganized business. There is not much compliance or high cost involved in partnership which is also a reason why it is the most preferable structure to start business anywhere in India. The owners is partnership firm are equally and personally liable for the debt of business. There is a written agreement made which is then stamped registered after which it becomes partnership deed. The only documents required under this are identity and address proof of the partners.

Limited Liability Partnership (LLP): Limited Liability Partnership arrangement is company used by professional organizations. It is a legal structure of business having features of corporate structure, introduced in the year 2009; its feature is that it is like a partnership firm along with the limited liability concept. Minimum partners required to form LLP is 2.

In partnership firm, Firm and partners are not regarded as separate legal entities. Partners are personally liable due to an unlimited partnership liabilities. In LLP structure, the liability of is limited to the capital contribution of partner. LLP has perpetual existence until dissolved by promoters.

Company: For the purpose of New Company Registration in Delhi, the following type of companies can be register in India:

·         One Person Company (OPC)

·         Private Limited Company

·         Public Limited Company-

·         Non-profit Organizations (Sec.8 Companies)

LICENSING: It is required in accordance with business requirement to fulfill the government guidelines:

  APEDA Registration

 FSSAI Registration

Trademark Registration

MSME Registration

IEC

GST Registration

So, finally, you can decide among which structure suits your business for new Company Registration in Delhi. Selecting the right structure will help with the operational and financial success of the company. We the team of CA/CS are here to guide you on the right structure for your business & for online Company incorporation In Delhi.