Author: CA Tarannum Khatri

How to register on traces website as taxpayer

Registration procedure on traces site is bit long. Learn from this article about how to register on traces website as tax payer. Although the procedure is long,  once you are registered you can avail many facility provided by traces. You can view TDS/TCS credit, verify form 16, view refund status etc. In this article, we will see the steps to register on traces website. How to register on traces website as taxpayer: Step 1: Go to traces site. Click on register as new user< tax payer. You have to fill validation details under step 1. For it, enter your PAN number, date of birth and surname (as per pan). You have two options for entering tax deduction details. Option 1: Enter tan of deductor, type of deduction -whether it is TDS on salary, TDS on non salary or TCS. Enter the amount and month and year of deduction. You can use form 16/16A/26AS for filling details. option 2: ( easy option) I show you easy path. Make Rs. 10 payment -advance tax through https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp – challan no. 280 and make payment through net banking. enter details of it in option 2 – challan details of tax deposited by taxpayer. ( Remember that you need to register 2 or 3 days later on traces after making payment so that your challan details are updated in tin. )  Enter A.Y. of...

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income tax site password recover with easy steps

Income tax return filling is easy. But there may be some difficulty when you lost income tax site password. Here i have given steps to recover income tax site password. Last date for filling income tax return is 31st July. You can easily file return through e filling website. To learn how to file income tax return online,read my post how to file income tax return in 7 steps. Photo credit : Morgue file How to recover income tax site password:   Go to income tax website. click on log in . Click on forget password? button  near log...

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How to register your account on income tax website

Income tax e filling is very simple. First step of income tax e filling is registration on income tax e filling website. In this post, I have narrated the steps for e filling portal member registration. Step 1: Go to  income tax  e filling website. step 2: Click on register to yourself seen on right side. After clicking, you can see registration form. , select your category from Individual, HUF, company , firm, AOP etc. Your category will be the one which is applied during pan application. So you can know your category by know your jurisdiction section. in most of the cases, it is individual. Step 3: After filling appropriate category, you have to fill another form. Enter basic details – in which you have to provide PAN number, date of birth,primary email id, Name (as per pan card)(surname first, after that middle name, after that first name),  primary mobile number. Step 4: File another form named registration form. In which you have to enter Password -it must be combination of numbers, capital letters, small letters, special characters. Example: Tarannum@007, TARANNUM@786, Pranay@143 etc. (please write password in some book or note for future reference ) your communication address, secondary mobile number and email id which is optional, primary secret question and its answer and  secondary secret question and its answer. Please select the question and answer which you can...

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How to view and download form 26AS for income tax return

You may aware of form 26AS. It provides you exact idea about TDS, TCS, tax , refund status during the year. While filling income tax return, you should consider all the data of form 26AS. You can download very easily. For it , go to Income Tax Website. Click on view form 26AS shown under services on left column bar. If you are registered user, log in to your account. If you are new to income tax e filling website, read my post how to get registered on income tax e filling website. Enter your user ID and password, date of birth. If there is any  mistake, red error will be shown above. Correct it and again write right data. User ID will be Your PAN CARD number. If you forget password, read my following post. How to recover income tax password on income tax site? After successful registration, you will be redirect to TDS CPC site. Click on confirm. Now click on view tax credit (form 26AS). On clicking you can see your name , address and Pan number. Select assessment year for which you want to download form 26AS. If you do not know which assessment year is applicable to you, read my post what is assessment year and financial year?. After selecting assessment year, select view as PDF and click on view/download button. Save the file...

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how to choose income tax return form

Income tax return filling is easy.But you should be careful in choosing return form or utility. That’s why I have written this post.   ITR 1 (SAHAJ) Income from salary/pension. or Income from one house property (excluding cases where loss is to be brought forward) or Other sources income excluding income from winning from horse races and lottery. For individual assessee.   Who can not use ITR 1? Person having income from more than one house property.or Income from capital gain. or Income from agriculture/ exempt income more than Rs. 5000 Income from speculative income.or Person claiming relief for foreign tax u/s 90,90A or 91.or Person having foreign asset or financial asset or signing authority outside India.   ITR 2 :   Income from salary/pension or Income from house property.or Income from capital gain or Income from other sources Person having clubbing income. Individual and HUF   Who can not use ITR 2? Person having business or profession income.   ITR 3: Individual /HUF being partner in firm and who do not have business as proprietor.   ITR 4: For individual or HUF assessee doing business or profession as proprietor.   ITR 4S (SUGAM): For Individual or HUF filling return under presumptive taxation u/s 44AD or 44AE or Income from salary/pension Income from house property (not brought forward loss) or Income from other sources (not having lottery income or...

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