PAN Card Registration
Permanent Account Number (PAN) is a unique, 10-character alpha-numeric identifier issued by Income Tax Department under the control of Central Board of Direct Taxes (CBDT) to all judicial entities recognizable under the Indian Income Tax Act, 1961.
The Permanent Account Number (PAN) is unique, national and permanent and cannot be altered or modified by change of address. even between states in India. As a unique identification number PAN helps to monitor all financial transactions, taxes paid, refund issued, income disclosed, arrears of tax and also serves as an important proof of identification.
To overcome the short comings in the old system called General Index Register (GIR) Number, Permanent Account Number (old series) was first introduced during the year 1972 and made statutory under section 139 A of the Income Tax Act w.e.f. 1st April,1976. There were short falls in the PAN old series like no check on issue of multiple pan cards, allotment of pan was not centralized and no proper data was available to check details of pan cards issued and data captured was very much limited.
The government has amended section 139 A of Income Tax Act 1961 w.e.f 01.07.1995 enabling allotment of PAN under new series, which covered all the limitations of the PAN old series. Applications for allotment of PAN under new series were made mandatory in Delhi, Mumbai and Chennai w.e.f. 01.06.1996, and in rest of the country w.e.f. 11.02.1998. The new series w.e.f. 01.07.1995 facilitates easy retrieval of information of PAN card holder and also facilitates linking of various documents and information, taxes paid, tax demands, arrears of tax, financial transactions etc., relating to an assessee.
Pan card registration is done through Kireeti consultants
Procedure for application - On request we provide a simple form to be filled online and after submission of necessary documents through mail, our team will apply for PAN card. Finally, the PAN card will be despatched to your registered address
ITR Filing is Mandatory in 10 Situations.
According to Section 139 (1) of the Income Tax Act, 1961 of India, individuals whose total income during the previous year is more than the maximum amount not chargeable to tax, should file their ITR or income tax returns. When such individuals file their income tax returns online, the process is known as e-filing.
Kireeti Consultants has a team of Income tax professionals and other professionals provide a comprehensive service in filing Income tax returns for individuals, HUF, firms and corporates and support them in complying with tax compliances. Our expert team, will respond to you query and provide necessary help in filing the income tax returns.
When Should ITR-1 be filed?
ITR1, also known as Sahaj, is applicable for individuals or HUF (Hindu Undivided Family) has income that is within Rs. 50 Lakhs and when the source of income for the Financial Year falls into any of the below categories:
Who should not file ITR-1?
ITR-1 form should not be filed for below cases:
What is the Due Date for filing ITR-1?
ITR-1 form must be filed by individuals and HUFs on or before 31st July of every year.
What is the Penalty for Late filing ITR-1?
When Should ITR-2 be filed?
ITR-2 must be filed by individuals and HUFs who are not eligible to file ITR-1 Sahaj form, because of following reasons:
Who Should not file ITR-2 ?
ITR-2 form should not be filed by any individual who has income under the head of Business or Profession from a proprietorship. ITR-2 form can also not be filed by a company or LLP or other types of legal entity.
What is the Due Date for filing ITR-2?
ITR-2 form must be filed by individuals and HUFs on or before 31st July of every year.
What is the Penalty for Late filing of ITR-2?
When Should ITR-3 be filed?
ITR-3 form is to be used when the assessee has income that falls into the below category:
Tax Audit may be required for ITR-3 filing
Who should not file ITR-3?
If an Individual/HUF is having income as a partner of a partnership firm that is carrying out business/profession, he cannot file ITR-3. In such case, he is required to file ITR 2.
What is the Due Date for filing ITR-3?
Due date for filing income tax return is 31st July for Individuals and 30th September for Businesses.
What is the Penalty for Late filing of ITR-3?
When Should ITR-4 be filed?
ITR-4 form is to be used when the assessee (Individuals, Hindu Undivided Families or a Firm (Other than LLP)) has income that falls into the below category:
Who should not file ITR-4 ?
ITR-4 cannot be filed by taxpayers who fall into the below category:
In the above cases ITR-3 should be filed.
Companies cannot file ITR-4 as it is applicable only for individuals / HUFs and Professionals. Companies need to file ITR-6 or ITR-7 based on applicability.
What is the Due Date for filing ITR-4?
Due date for filing income tax return is 31st July for Individuals and Businesses.
What is the Penalty for Late filing of ITR-4?
When should ITR-5 be filed?
ITR-5 form is to be used when the assessee is one of the following:
Who should not file ITR-5?
ITR-5 cannot be filed by Taxpayers who fall under the below category:
What is the due date for filing ITR- 5?
Due date for filing the income tax return is 31st July.
What is the penalty for late filing of ITR-5?
When should ITR-6 be filed?
ITR-6 form is to be used when the taxpayer is registered as a Company under Indian Companies Act of 1956 or any other law, and if the company is not claiming exemption under section 11 (Income from property held for charitable or religious purposes).
Who should not file ITR-6?
Individuals, Hindu Undivided Family (HUF), Firm, Association of Person (AOP), Body of Individuals (BOI), Local Authority and Artificial Judiciary Person
What is the due date for filing ITR- 6?
The due date for ITR-6 filing is September 30th.
What is the penalty for late filing of ITR-6?
When should ITR-7 be filed?
ITR-7 form is to be used when the tax assessee is a
and is claiming exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C)or Section 139 (4D)
Who should not file ITR-7?
ITR7 cannot be used by a tax assessee who is not claiming exemption under Section 139 (4A), Section 139 (4B), Section 139 (4C) or Section 139 (4D).
What is the due date for filing ITR- 7?
Due Date for all Tax Assessees, whose accounts are required to be audited, is 30th September. Due Date for Tax Assessees, whose accounts are not required to be audited, is 31st July.
What is the penalty for late filing of ITR-7?
What is Income Tax Notice?
It is a written communication sent by Income Tax Department to the tax payer alerting an issue with respect to his tax account. A notice can be sent for many reasons like filing / non-filing of Income Tax returns, defective returns, for the purpose of making an assessment, asking certain details etc. When a notice is sent by the department the taxpayer has to act on the notice within the stipulated time and has to get the matter resolved with the tax authorities. if any scrutiny arises, provide all the relevant details or documents on time that the department seeks from you to verify the necessary details.
Taxpayers, in general, are issued income tax notices under Section 139(9), 143(1), 143(2), 143(3), 245, 144, 147 and 148 of Income Tax Act, 1961 regarding non-filing of ITR, concealment of taxable income, claiming an in genuine tax refund, computing excessive tax losses, long term capital gains (LTCG), scrutiny etc."
Kireeti Consultants has a team of professionals comprising Chartered Accountants, Company Secretaries and other professionals provide a comprehensive service in filing Income tax returns for individuals, HUF, firms and corporates and help them in complying with tax compliances. Any income tax notice is received by you, please send us the copy of the notice/order to info@kireeticonsultants.com together with your queries. Our Tax-experts will respond to you with a reply to the notice and query and also help you in filing the reply to the tax notice or order received by you.
Types of notices :-