Did you receive a notice u/s 139(9)? Here is how you can electronically respond to the defective return notice received from CPC Income Tax Department.
This document outlines five common silly tax mistakes made by businesses: 1) Not maintaining proper financial records, 2) Overlooking deductible expenses, 3) Not staying informed about changes in tax laws, 4) Engaging in tax fraud, and 5) Not correctly distinguishing between independent contractors and employees. It stresses the importance of keeping accurate financial records, tracking deductible expenses, following tax law updates, avoiding tax fraud, and properly classifying workers. Businesses are advised to seek professional tax assistance to navigate the legal ways to reduce their tax burden.
The document summarizes the procedures for filing income tax returns in India. It discusses:
1) Voluntary returns that must be filed by companies, firms, individuals and HUFs meeting certain income thresholds.
2) Prescribed due dates and forms for different types of taxpayers. Companies and some individuals have a due date of September 30, while most individuals have a July 31 due date.
3) Rules for filing belated or revised returns within one year of the original due date or assessment date.
4) Additional requirements for charitable trusts, political parties, and certain institutions to file by specific due dates using Form ITR-7.
5) Details that must be included in
The document outlines the 21 step process for filing income taxes online using the TaxYogi.com website. It involves registering and logging in, selecting the assessment year, income types, and personal details. Users then fill out forms for employment, salary, deductions, taxes paid, and additional income sources. The site computes taxes owed, provides a tax summary, and guides filing and verification of the final return. Users can then e-file and submit their completed return electronically.
We felt it was important to host a webinar to review the 1099 changes in Sage 100 for 2020 tax filings. The webinar will cover:
Sage 100 versions required for 1099 NEC Reporting
Sage 100 Hot Fix For 1099 NEC Reporting
Utility to update 1099 Misc. Box 7 vendors and 2020 payment data to NEC Box 1
Using Aatrix within Sage 100 to print or efile 1099 forms
Aatrix web version for non-compliant Sage 100 versions.
This presentation takes one through the basic e-filing procedures under the Income Tax Rules prevailing in India. It explains the concepts in a very simplified manner.
Ppt on reg & E-filling of Tax Audit Reports- ProcessAkanksha Kishore
The document summarizes the process for registration, engagement, uploading, acceptance and rejection of tax audit reports through the ITD website by chartered accountants and assessees. It involves the following key steps:
1) CA registration as a tax professional on the ITD website through a registration form.
2) Assessee engagement of the CA through their login by adding the CA details.
3) CA uploading of the tax audit report through their login which is then assigned to the assessee.
4) Assessee approval or rejection of the report through their login by viewing, downloading and digitally signing or providing a rejection reason.
5) Final submission to ITD
In case if you get Defective Return Notice then Income Tax Department gives 15 days to rectify the errors and file your returns correctly.
In case if you ignore this notice and fail to rectify the errors mention by the Department then your return will be considered as invalid.
This document outlines five common silly tax mistakes made by businesses: 1) Not maintaining proper financial records, 2) Overlooking deductible expenses, 3) Not staying informed about changes in tax laws, 4) Engaging in tax fraud, and 5) Not correctly distinguishing between independent contractors and employees. It stresses the importance of keeping accurate financial records, tracking deductible expenses, following tax law updates, avoiding tax fraud, and properly classifying workers. Businesses are advised to seek professional tax assistance to navigate the legal ways to reduce their tax burden.
The document summarizes the procedures for filing income tax returns in India. It discusses:
1) Voluntary returns that must be filed by companies, firms, individuals and HUFs meeting certain income thresholds.
2) Prescribed due dates and forms for different types of taxpayers. Companies and some individuals have a due date of September 30, while most individuals have a July 31 due date.
3) Rules for filing belated or revised returns within one year of the original due date or assessment date.
4) Additional requirements for charitable trusts, political parties, and certain institutions to file by specific due dates using Form ITR-7.
5) Details that must be included in
The document outlines the 21 step process for filing income taxes online using the TaxYogi.com website. It involves registering and logging in, selecting the assessment year, income types, and personal details. Users then fill out forms for employment, salary, deductions, taxes paid, and additional income sources. The site computes taxes owed, provides a tax summary, and guides filing and verification of the final return. Users can then e-file and submit their completed return electronically.
We felt it was important to host a webinar to review the 1099 changes in Sage 100 for 2020 tax filings. The webinar will cover:
Sage 100 versions required for 1099 NEC Reporting
Sage 100 Hot Fix For 1099 NEC Reporting
Utility to update 1099 Misc. Box 7 vendors and 2020 payment data to NEC Box 1
Using Aatrix within Sage 100 to print or efile 1099 forms
Aatrix web version for non-compliant Sage 100 versions.
This presentation takes one through the basic e-filing procedures under the Income Tax Rules prevailing in India. It explains the concepts in a very simplified manner.
Ppt on reg & E-filling of Tax Audit Reports- ProcessAkanksha Kishore
The document summarizes the process for registration, engagement, uploading, acceptance and rejection of tax audit reports through the ITD website by chartered accountants and assessees. It involves the following key steps:
1) CA registration as a tax professional on the ITD website through a registration form.
2) Assessee engagement of the CA through their login by adding the CA details.
3) CA uploading of the tax audit report through their login which is then assigned to the assessee.
4) Assessee approval or rejection of the report through their login by viewing, downloading and digitally signing or providing a rejection reason.
5) Final submission to ITD
In case if you get Defective Return Notice then Income Tax Department gives 15 days to rectify the errors and file your returns correctly.
In case if you ignore this notice and fail to rectify the errors mention by the Department then your return will be considered as invalid.
India tracks interstate movement of every shipment above 50000 INR with E-way Bill to be generated on common portal of GSTN effective 1st April 2018. Our Team attempts to make a simple step by step document how to generate EWB. We help large companies / Consulting firms in Centralized management of Eway bill, Vehicle Detention issues , Technical replies, Training Modules and providing resources to manage ERP Aligned software to take care of E-way bill needs. Contact Taxstreets@gmail.com and our Team will connect you
The 1099-MISC is used to report those payments that have been made towards jobs or to workers or independent contractors for the jobs undertaken by them.
Commotrack – is a web-based CTRM-system for commodity trading companies to manage:
counterparties, supply chain, logistics, invoices, vessels and documents.
We resolve three painful problems of commodity traders :
- Lack of complete picture of finance and trade situation at the moment: lots of contracts, shipments, invoices and documents at the same time.
- Difficult and untimely forecasting of cash flow, trade position and profit and loss
- Financial and timing costs on communication, discussions, meetings and accounting by managers and employees
Commotrack outputs:
- Consolidated information about all counterparties
- Statistics of trade operations by each product
- Estimated and actual profit and loss by each deal
- Physical + derivatives position and mark to market
- Accounting and stocks management
- Stuff control and KPI
This document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, how assessors can add chartered accountants to their profiles, and the steps chartered accountants must follow to submit tax audit reports and other forms electronically. It also outlines other features of the e-filing system, forms that can be initiated and authorized by CAs, and some practical difficulties of e-filing tax audit reports.
The document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, the steps for chartered accountants to add clients and submit tax audit reports. It also outlines the process for clients to approve reports submitted by their CAs. The document notes some practical difficulties in e-filing tax audit reports and lists various forms that can be initiated and authorized online or offline by CAs.
E-filing of excise returns involves a two-step process: 1) Registration with the Automation of Central Excise and Service Tax (ACES) system by filling out a form online, and 2) Once registered, filing excise return forms online through the ACES system. Filing returns electronically provides benefits like minimizing physical interaction with the department, no paperwork, saving time, and getting immediate acknowledgment of filing. However, assessees are still responsible for ensuring returns are accurately and timely filed according to law.
This document provides information about the process of e-filing tax audit reports under the Income Tax Act for assessment year 2013-14 in India. It discusses the history of filing tax audit reports from physical to electronic filing. It outlines the applicability criteria for tax audits and the forms and timelines for filing tax audit reports, MAT audit reports, and transfer pricing forms. The document then describes the registration process for CAs, how assessees can add CAs, and the steps for CAs to generate XML files, upload documents, approve reports, and view filed forms. It addresses some frequently asked questions and provides an overview of login types, filing utilities, schemas and more.
Grain Track – is a web-based CTRM-system for commodity trading companies to manage:
counterparties, supply chain, logistics, invoices, vessels and documents.
We resolve three painful problems of grain traders :
- Lack of complete picture of finance and trade situation at the moment: lots of contracts, shipments, invoices and documents at the same time.
- Difficult and untimely forecasting of cash flow, trade position and profit and loss
- Financial and timing costs on communication, discussions, meetings and accounting by managers and employees
Commotrack outputs:
- Consolidated information about all counterparties
- Statistics of trade operations by each product
- Estimated and actual profit and loss by each deal
- Physical + derivatives position and mark to market
- Accounting and stocks management
- Stuff control and KPI
The document outlines the process for invoice generation by an OEM's finance department after a generator set is produced. It involves selecting the dealer, filling address and product details, and choosing invoice type in the PSS billing system. Once generated, the invoice appears onscreen and is automatically sent to the dealer's PSS application. Key responsibilities include the OEM executive and back office staff, with the goal of carefully raising invoices after production to track billing.
The 1099-MISC form is used to report payments made to independent contractors for jobs or work. Businesses must file a 1099-MISC for any contractor paid $600 or more in a tax year. The deadline to file is January 31st for forms sent to recipients and April 1st if filing electronically with the IRS. Penalties may be assessed for failing to file or filing late, ranging from $30 to $250 per incorrect information. The document provides guidance on the filing process and selecting an e-filing service provider to submit the 1099-MISC form electronically.
Revenue Memorandum Circular No 14 2015raissarobles
This document provides guidelines for electronically filing 2014 income tax returns using the Bureau of Internal Revenue's (BIR) electronic platform. It outlines the process for downloading and installing the necessary software, filling out the return forms, validating and submitting the returns electronically via the BIR's eFPS or eBIRForms systems. Taxpayers must submit their returns and payment by April 15, 2015 to avoid penalties. Accompanying documents still need to be filed manually within 15 days of electronic submission.
This document provides information about e-filing income tax returns in India. It discusses that e-filing allows taxpayers to file their return online from home anytime during the tax agency's acceptance period. There are two main types of e-filing - using a digital signature certificate through a chartered accountant or filing without a DSC which requires later submitting a signed hard copy. The document outlines the steps to e-file returns, including filling forms offline or online, uploading an XML file, digitally signing, and receiving an acknowledgment. It also notes things to watch out for like using the same contact details for multiple taxpayers or name discrepancies between documents.
This document outlines the 10 steps for filing an income tax return online in India. It begins by having the user create an e-filing account on the Income Tax website and then download Form 26AS and the appropriate income tax return form. The user then fills out the form with their personal and financial details, validates the information, calculates their tax liability, generates an XML file, and submits the return online. An ITR-V acknowledgement is sent via email that needs to be printed, signed, and mailed to the Income Tax Department. Finally, the user can check the status of their ITR-V receipt.
Mistakes to avoid while e filing your income tax returnGirish Kodashettar
Here are few very useful tips for e-filing of Income Tax Return.
These are few frequently committed mistakes and should be avoided. Go through this slide show before filing your ITR or even if you have already done it. - www.hornmerchant.com
The document provides information on e-filing of income tax returns in India. It states that e-filing is mandatory for individuals and HUFs meeting certain criteria, as well as for all companies. It outlines the different options for e-filing returns, which include using a digital signature certificate, electronic verification code, or verification form. The types of e-filing and steps for offline and online filing are described. Additional features like pre-filling details and viewing tax statements are also summarized.
TAN Cancellation/Surrendering Procedure -Khanna & Associates LLPKhanna Asssociates
Khanna and Associates is offering services to our vast experience in this domain, we are engaged in offering Income Tax Return Preparation and Filling Services. . We provide service tax filing and service tax return preparation services. We render flawless and highly beneficial financial consultancy. The professionals employed by our firm hold expertise in rendering these effectual finance & Corporate services.
The document provides a step-by-step guide to using the FidPro debt counseling system. It outlines 14 steps for capturing a client's application information, including personal details, income, expenses, debts, documents, and bank details. It describes how the system automatically calculates some fields, checks for errors, and allows uploading documents. The final steps review the application summary and notes, and submit the completed application for processing.
Paralegal Training Patent Annuity Payment and Annuity PayerMalaisamy K
The document discusses patent annuity payments, which are fees paid periodically to patent offices to maintain patent rights. It describes how to make annuity payments, including different payment methods, calculation of fees, and challenges in managing payments. The Annuity Payer application aims to help users easily manage international annuity payments in a transparent, cost-effective manner.
This document provides guidance on tax withholdings for various suppliers in Colombia. It outlines value-added tax (IVA), income retention (Retefuente), and industry and commerce tax (ICA) rates that should be applied to invoices from different suppliers depending on their location and tax status. Specific instructions are given for nine suppliers and simplified regime suppliers.
India tracks interstate movement of every shipment above 50000 INR with E-way Bill to be generated on common portal of GSTN effective 1st April 2018. Our Team attempts to make a simple step by step document how to generate EWB. We help large companies / Consulting firms in Centralized management of Eway bill, Vehicle Detention issues , Technical replies, Training Modules and providing resources to manage ERP Aligned software to take care of E-way bill needs. Contact Taxstreets@gmail.com and our Team will connect you
The 1099-MISC is used to report those payments that have been made towards jobs or to workers or independent contractors for the jobs undertaken by them.
Commotrack – is a web-based CTRM-system for commodity trading companies to manage:
counterparties, supply chain, logistics, invoices, vessels and documents.
We resolve three painful problems of commodity traders :
- Lack of complete picture of finance and trade situation at the moment: lots of contracts, shipments, invoices and documents at the same time.
- Difficult and untimely forecasting of cash flow, trade position and profit and loss
- Financial and timing costs on communication, discussions, meetings and accounting by managers and employees
Commotrack outputs:
- Consolidated information about all counterparties
- Statistics of trade operations by each product
- Estimated and actual profit and loss by each deal
- Physical + derivatives position and mark to market
- Accounting and stocks management
- Stuff control and KPI
This document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, how assessors can add chartered accountants to their profiles, and the steps chartered accountants must follow to submit tax audit reports and other forms electronically. It also outlines other features of the e-filing system, forms that can be initiated and authorized by CAs, and some practical difficulties of e-filing tax audit reports.
The document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, the steps for chartered accountants to add clients and submit tax audit reports. It also outlines the process for clients to approve reports submitted by their CAs. The document notes some practical difficulties in e-filing tax audit reports and lists various forms that can be initiated and authorized online or offline by CAs.
E-filing of excise returns involves a two-step process: 1) Registration with the Automation of Central Excise and Service Tax (ACES) system by filling out a form online, and 2) Once registered, filing excise return forms online through the ACES system. Filing returns electronically provides benefits like minimizing physical interaction with the department, no paperwork, saving time, and getting immediate acknowledgment of filing. However, assessees are still responsible for ensuring returns are accurately and timely filed according to law.
This document provides information about the process of e-filing tax audit reports under the Income Tax Act for assessment year 2013-14 in India. It discusses the history of filing tax audit reports from physical to electronic filing. It outlines the applicability criteria for tax audits and the forms and timelines for filing tax audit reports, MAT audit reports, and transfer pricing forms. The document then describes the registration process for CAs, how assessees can add CAs, and the steps for CAs to generate XML files, upload documents, approve reports, and view filed forms. It addresses some frequently asked questions and provides an overview of login types, filing utilities, schemas and more.
Grain Track – is a web-based CTRM-system for commodity trading companies to manage:
counterparties, supply chain, logistics, invoices, vessels and documents.
We resolve three painful problems of grain traders :
- Lack of complete picture of finance and trade situation at the moment: lots of contracts, shipments, invoices and documents at the same time.
- Difficult and untimely forecasting of cash flow, trade position and profit and loss
- Financial and timing costs on communication, discussions, meetings and accounting by managers and employees
Commotrack outputs:
- Consolidated information about all counterparties
- Statistics of trade operations by each product
- Estimated and actual profit and loss by each deal
- Physical + derivatives position and mark to market
- Accounting and stocks management
- Stuff control and KPI
The document outlines the process for invoice generation by an OEM's finance department after a generator set is produced. It involves selecting the dealer, filling address and product details, and choosing invoice type in the PSS billing system. Once generated, the invoice appears onscreen and is automatically sent to the dealer's PSS application. Key responsibilities include the OEM executive and back office staff, with the goal of carefully raising invoices after production to track billing.
The 1099-MISC form is used to report payments made to independent contractors for jobs or work. Businesses must file a 1099-MISC for any contractor paid $600 or more in a tax year. The deadline to file is January 31st for forms sent to recipients and April 1st if filing electronically with the IRS. Penalties may be assessed for failing to file or filing late, ranging from $30 to $250 per incorrect information. The document provides guidance on the filing process and selecting an e-filing service provider to submit the 1099-MISC form electronically.
Revenue Memorandum Circular No 14 2015raissarobles
This document provides guidelines for electronically filing 2014 income tax returns using the Bureau of Internal Revenue's (BIR) electronic platform. It outlines the process for downloading and installing the necessary software, filling out the return forms, validating and submitting the returns electronically via the BIR's eFPS or eBIRForms systems. Taxpayers must submit their returns and payment by April 15, 2015 to avoid penalties. Accompanying documents still need to be filed manually within 15 days of electronic submission.
This document provides information about e-filing income tax returns in India. It discusses that e-filing allows taxpayers to file their return online from home anytime during the tax agency's acceptance period. There are two main types of e-filing - using a digital signature certificate through a chartered accountant or filing without a DSC which requires later submitting a signed hard copy. The document outlines the steps to e-file returns, including filling forms offline or online, uploading an XML file, digitally signing, and receiving an acknowledgment. It also notes things to watch out for like using the same contact details for multiple taxpayers or name discrepancies between documents.
This document outlines the 10 steps for filing an income tax return online in India. It begins by having the user create an e-filing account on the Income Tax website and then download Form 26AS and the appropriate income tax return form. The user then fills out the form with their personal and financial details, validates the information, calculates their tax liability, generates an XML file, and submits the return online. An ITR-V acknowledgement is sent via email that needs to be printed, signed, and mailed to the Income Tax Department. Finally, the user can check the status of their ITR-V receipt.
Mistakes to avoid while e filing your income tax returnGirish Kodashettar
Here are few very useful tips for e-filing of Income Tax Return.
These are few frequently committed mistakes and should be avoided. Go through this slide show before filing your ITR or even if you have already done it. - www.hornmerchant.com
The document provides information on e-filing of income tax returns in India. It states that e-filing is mandatory for individuals and HUFs meeting certain criteria, as well as for all companies. It outlines the different options for e-filing returns, which include using a digital signature certificate, electronic verification code, or verification form. The types of e-filing and steps for offline and online filing are described. Additional features like pre-filling details and viewing tax statements are also summarized.
TAN Cancellation/Surrendering Procedure -Khanna & Associates LLPKhanna Asssociates
Khanna and Associates is offering services to our vast experience in this domain, we are engaged in offering Income Tax Return Preparation and Filling Services. . We provide service tax filing and service tax return preparation services. We render flawless and highly beneficial financial consultancy. The professionals employed by our firm hold expertise in rendering these effectual finance & Corporate services.
The document provides a step-by-step guide to using the FidPro debt counseling system. It outlines 14 steps for capturing a client's application information, including personal details, income, expenses, debts, documents, and bank details. It describes how the system automatically calculates some fields, checks for errors, and allows uploading documents. The final steps review the application summary and notes, and submit the completed application for processing.
Paralegal Training Patent Annuity Payment and Annuity PayerMalaisamy K
The document discusses patent annuity payments, which are fees paid periodically to patent offices to maintain patent rights. It describes how to make annuity payments, including different payment methods, calculation of fees, and challenges in managing payments. The Annuity Payer application aims to help users easily manage international annuity payments in a transparent, cost-effective manner.
This document provides guidance on tax withholdings for various suppliers in Colombia. It outlines value-added tax (IVA), income retention (Retefuente), and industry and commerce tax (ICA) rates that should be applied to invoices from different suppliers depending on their location and tax status. Specific instructions are given for nine suppliers and simplified regime suppliers.
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How to respond to a notice issued u/s 139(9) for Defective Return?
1. How to respond to a
notice issued u/s 139(9)
for Defective Return?
HKCIndia.comHKCIndia.com 1
2. Did you receive
this notice u/s
139(9)? Here is
how you can
respond to the
defectivereturn
notice received
fromCPC
IncomeTax
Department.
HKCIndia.com 2
3. Once the online
filed returns are
processed and the
return is termed as
defective, assesse
is facilitated to
submit the
response against
defective notice u/s
139(9) sent byCPC.
HKCIndia.com 3
4. Here is the
detailedstep by
step procedure
with screenshots
for responding
to a notice u/s
139(9) in lieu of
defectivereturn
receivedfrom
CPC IncomeTax
Department:
HKCIndia.com 4
6. Step 2: Login with
your credentials,
the user ID is the
PAN number.After
successfully logging
into your account,
the following
window will appear.
Click on “View
Return/Forms”
HKCIndia.com 6
11. Step 7:After
clicking on the
“Submit” option,
the following
window with your
respectivedefects
will appear.Select
“Yes” In the 4th
Column of “Do
youAgreewith
defects?”.
HKCIndia.com 11
13. Step 9: In the “ITR
Form Name”,select
thereturn form
name that you
noted down in “Step
3” above, upload the
rectified ITRXML
File and click on
“Submit”.
HKCIndia.com 13