Introduction of E-verification of IT Returns AY2015-16

Let us understand the Introduction of E-verification of IT Returns from AY 2015-16

Reference- CBDT, Notification No. 2/2015 dated 13th July 2015 introduced e-verification of ITRs.

Highlights—

·         A taxpayer may verify his Income Tax Return through Internet Banking or through Aadhar based authentication process.

·         Assessee using this facility will not be required to submit a signed paper copy of ITR-Verification form (ITR-V) to CPC Bengaluru.

·         For the convenience of small taxpayers having total income of Rs. 5 lakhs or below without any claim of refund, facility for generating Electronic Verification Code (EVC) has also been provided on the E-filing website of the Department. In such cases EVC will be sent to the registered e-mail ID and Mobile Number of person to enable him to thereafter use this code to verify the return.

·         In case a taxpayer is unable to electronically verify the ITR using the EVC for any reason, then, the signed copy of ITR-V may be sent within the specified time of 120 days to CPC Bengaluru by ordinary post or speed post.

Free Tax Help

For Free Tax Help Email your requirement to anand.dadhich@hotmail.com
We offer services on Excise, Service Tax, VAT, CST, Income Tax.
All the services are provided under All India Dadhich's Tax Help Line (Free) Established and maintained by Anand Dadhich of Bangalore.

Visit Anand Dadhich's Hindi Poetry blog-- www.ananddadhich.blogspot.in
Join Anand Dadhich on facebook at-- https://www.facebook.com/AnandDadhichHindiPoet?ref=hl

EPF Account Balance View Online Process-Compiled by Anand Dadhich

1. Register online to view your EPF Account Passbook.

2. The facility at present is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wage month of May 2012 onwards.

3. There is no need to create and remember any user id and password. You have to use your mobile number and any of your following identification proof number such as PAN, AADHAR, NPR (National Population Register), Bank Account, Voter ID, Passport or Driving License to register and thereafter to login.

4. You can add multiple id numbers (one id against each of the listed types) and any one along with the mobile number can be used for the login.

Note:

•  One mobile number can be used for one registration only.

•  A registered member can view only one account details under one establishment. In case you are having more than one account under    one establishment, please apply for transfer through the Form 13.

•  One member can view up to a maximum of 10 accounts under different establishments. The 10 accounts can be viewed any number of    times. Get your old accounts transferred to the current one by using the Transfer Form 13.

•  Facility to display the accounts of inoperative accounts will be provided later through a request mode.

•  The facility is not for the current members of establishments having exemption under the EPF Scheme 1952.

Service Tax Registration Procedure-Anand Dadhich

Process of Service Tax Registration

1. The assessee shall make an application in form ST 1 to the Superintendent of Central Excise in duplicate. Such application can be filed online www.aces.gov.in. For this the following procedure shall be adhered to :

a) The user shall first log onto the site aces.gov.in and select “Service Tax” option on the left side of the screen

b) He shall then register himself by clicking on “New users to click here to register with ACES” option. On clicking the same he will be required to give certain basic details and a e-mail id. The password for such registration will be sent to this mail id.

c) On submitting the form the password will be sent to the ID above and the user shall login into ACES with this password. Such a password is only to gain access to ACES and it does not imply that registration with the department is done.

d) In the case of an existing assessee, he shall fill in the “Declaration Form for ACES” (in Appendix I) and submit it to the respective commissionerate. The assessee will then receive a user ID and password at the mail ID specified in such form to activate his registration number in ACES. An existing assessee is NOT required to fill Form ST-1 again in ACES.

e) For a new assessee who does not have a service tax registration certificate, shall register with ACES with the ID and password that is sent as mentioned in ‘c’ above and select the option “REG” and “Fill ST-1”.

f) The form shall be filed online with all the required details and submitted online itself.

g) A print of the form submitted online shall be taken and along with this the documents as mentioned below shall be submitted to the department at the concerned commissionerate.

2. The application shall be filed within 30 days from the date of providing taxable service and shall bear the address sought to be registered.

3. The application should be filled up carefully without errors and columns and boxes which are not applicable may contain “NA” stated across them. All the taxable services provided should be mentioned on the application and there would not be separate applications for each of such taxable services

4. The Form should be signed by the director/partner/sole proprietor as the case may be or the authorized signatory. Once filed, the acknowledgement for having filed the application is to be obtained on the duplicate copy for one’s own reference. If the Particulars stated in the Form are correct, then the registration certificate would be provided within a period of seven days.

Docs Required for Service Tax Registration-Anand Dadhich

Documents Required for Service Tax Registration

The application shall be accompanied by copies of the following documents -

· Self certified copy of PAN, (where allotment is pending, copy of the application for PAN may be given).

· Copy of MOA/AOA in case of Companies

· Copy of Board Resolution in case of Companies

· Copy of Lease deed/Rental agreement of the premises

·  A brief technical write up on the services provided

· Registration certificate of Partnership firm / Partnership Deed

· Copy of a valid Power of Attorney where the owner/MD/Managing Partner does not file the application

. Power of Attorney in favor of the Consultant (POA)

Passbook for EPF Now-Anand Dadhich

Now, EPFO has issued a circular on introducing a facility of E-Passbook to Provident Fund (‘PF’) Members through Member Portal on EPFO website. 

What is E-PassbookE-Passbook is the employee Provident Fund status book (PDF). Employee can check own PF status

What are the advantages for Online registration?

Only a Registered Member can download His/her Pf Account Passbook. Passbook Will be available for Immediate downloads only for the active members for whim the employer has uploaded an electric challan cum return (ECR) and remitted the due. 

For members who have left the services before March2012, The passbook will be made available if the member makes a request for the same on the portal.

Passbook of members makes a request for the same on the portal. Passbook of the members having inoperative or settled accounts will not be displayed on the portal.

Can A member create His own User ID and Password on the Portal?

No, Any chosen Document number as in Pan, aadhar, passport, etc will be the user id and mobile Number will be the password. The Member will not have to remember the user id and password in such case.

According to the circular, the EPF members will be able to directly approach the EPFO website and obtain E-Passbook after entering the following details: 

1.  Establishment registration number (PF Code Number) 
2. Extension Code (if any) 
3. Employee Number and 
4. Name as per PF account slip

The E-Passbook will be available subject to reconciliation of payments with the returns filed by companies. This E-Passbook facility is available only to active members. 

E-Passbook will not be available to: 

1. Employees whose PF claims have been settled 
2. Employees whose accounts have become 
3. dormant (inoperative accounts) 
4.  Employees who belong to Exempted Establishments which run their own PF trust 

Register online to view your EPF Account Passbook.

1. The facility at present is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wage month of May 2012 onwards.
2. There is no need to create and remember any user id and password. You have to use your mobile number and any of your following identification proof number such as PAN, AADHAR, NPR (National Population Register), Bank Account, Voter ID, Passport or Driving License to register and thereafter to login.
3. You can add multiple id numbers (one id against each of the listed types) and any one along with the mobile number can be used for the login.

Note:

• One mobile number can be used for one registration only.
• A registered member can view only one account details under one establishment. In case you are having more than one account under one establishment, please apply for transfer through the Form 13.
• One member can view up to a maximum of 10 accounts under different establishments. The 10 accounts can be viewed any number of times. Get your old accounts transferred to the current one by using the Transfer Form 13. 
• Facility to display the accounts of inoperative accounts will be provided later through a request mode. 
• The facility is not for the current members of establishments having exemption under the EPF Scheme 1952. 

The E - Passbook facility introduced by EPFO is a welcome step and will lead to greater transparency. It will help the companies and employees in ascertaining that proper amounts are being credited to employee PF accounts. 

IT Return ! Clear Your Doubts-Anand Dadhich

How to file E Return? Clearing all the doubts
1.  I don’t understand the process of e-filing. What should I do?
Answer: To understand the procedure to file e-returns, use the Help file, available on home page of the ITD e-filing web site, which can be accessed by clicking the link “How to e-File” to know more about e-returns.
2. What information do I need, to register myself in the ITD e-filing website?
Answer: The basic information required is: PAN, Full Name, DOB, Postal Address, valid e-mail id and Mobile number.
3. What happens if I Don’t Register?
Answer: Without the unique User ID and password, no individual will be able to access the web site. This registration needs to be done only once.
4. Should Registration be made in the name of the Company or can a director register in his name and file the returns of the company from his user id?
Answer: No. A company’s PAN is required to be registered on ITD e-filing website for uploading the return of the company.
5. Can a Chartered Accountant (CA) can file return on behalf of the Company?
Answer: No. The person authorized by the company to file the return, can file the return of the company online.
6. What do I do next after registration?
Answer: After registration, ITD will send an activation link on the registered email id of the taxpayer. Once the taxpayer clicks the same, the user-id of the taxpayer becomes functional. Now, the taxpayer can login into ITD e-filing website. Therefore, taxpayer is advised to provide a valid email id in the registration profile.
7. What is the Return Preparation Software?
Answer: The ITD e-filing website has provided User Friendly utilities in Excel format for free download. These may be used by the individuals or organizations to file their returns electronically. These utilities are called the ‘Return Preparation Software’. The input to the “Return Preparation Software” will be the actual data that taxpayer need to fill while preparing return of income.
8. Is it necessary that I use the Client Side Utility created by Income tax Department? Can I use some other utility?
Answer: Yes. The e-Return Preparation Software provided at the ITD e-filing website are free for anyone to use in order to create the e-return XML file. End users are also free to use any other utility created by other software providers, as long as the XML output conforms to the XML Schema which has been posted at the E-Filing website.
9. What are the system requirements to download and use the Client Side Utility?
Answer: The minimum system requirements needed to download and use the Return Preparation Software are :
PC with 128 MB RAM, P-III processor, MS Excel, Internet connection, Internet Browser, at least 25 MB free hard disk space,, Adobe Acrobat Reader, and Windows Operating system (Win 2000 or higher version), Java Run-time Environment Version 6 (Beta) for using DSC.
10. What is XML?
Answer: XML stands for Extensible Markup Language. It is a general purpose markup language designed especially for Web documents. XML is a way of describing data and it allows designers to create their own customized tags, enabling the definition, transmission, validation, and interpretation of data between applications and between organizations. Any Client Side Utility which creates an e-return XML will be a file with an extension .xml. This is the file that must be uploaded to the ITD e-filing website.
11. What is a Schema?
Answer: A schema refers to the collection of database objects associated with a particular database. Any user who files e-return will have created an xml file based on the schema. A simple analogy would be that the schema represents a letter template where the user enters the addressee details, name, salutation, body text etc which then completes the document which is the equivalent of an xml file. The template ensures uniformity and standardization of the format of the letter in the same way that the schema provides a structure to the xml file.
On uploading the file on to the system, a unique database object is created in the Income tax Department system. If you are using the services of the Utilities available at the e- Filing website, or any other Utility capable of generating an e-return XML for these forms, you need not download the schema or be worried about it. The Schema is made available to those individuals, software companies and organizations who wish to use this code to help create their own software utility for filling up these forms.
12. Why do I get an error message at the time of submission/uploading of return ?
Answer: It could generally happen due to incorrect data or non-filling of mandatory fields. Rectify the errors until there are no further error messages. Please do not use any Special Characters such as -, _, &, !, ^, <, >, #, ~, %, or * while doing data entry since it may cause an error while generating XML file or while uploading the XML file. In case the problem persists, contact the ASK call center at ask@incometaxindia.gov.in or the E filing Call Centre at Number 0124243800.
13. What is to be done if taxpayer get NULL error, while uploading the xml file ?
Ans. This particular problem happens when there is slow internet connection or network congestion, as the XML is file is not read completely and henceforth > it throws exception stating to upload proper XML. Trying after sometime may resolve this problem. Kindly follow the following steps :
Set the Internet Explorer settings to Low. Go to Control Panel — Java — General — Settings Uncheck the “Keep Temporary Files on my computer” and click the  “Delete Files” button and press OK.
Close your existing browser and open a new browser and upload your xml file again. Moreover, use only Internet Explorer or Google Chrome as your browser. If the problem persist, kindly contact the ASK call center at ask@incometaxindia.gov.in.
14. I have saved the xml file in my computer but while uploading system is giving the error “Cannot read the xml file? What should I do ?
Ans. Kindly set the Internet Explorer Security Settings to Low as per following steps :
a) In case of windows professional/vista, then
Go to Control Panel — Java — General —Settings
Kindly uncheck the „Keep Temporary Files on my computer “and click the „Delete Files‟button and press OK. Close your existing browser and open a new browser.
b) In case of Windows XP, then
Go to Control Panel —- Other Control Panel Options — Java — General —Settings Kindly uncheck the „Keep Temporary Files on my computer “and click the „Delete Files‟button and press OK
Close your existing browser and open a new browser.
15. Where do I save the downloaded files. Can I delete them later ?
Answer: You can download the files on to your local machine. Fill in the required information and upload the file back on to the web site. After receiving an acknowledgement of the submission, the file can be saved. It is recommended that the XML file be retained for your records. It is recommended that a print out of the duly filled form be taken for your record.
16. What to do when there is an Error in uploading the xml?
Answer The nature of problem may kindly be highlighted. A email may be sent to efiling@incometaxindia.gov.in along with the following details Userid, Password, xml file, PAN. The e-filing administrator will analyze the problem and will revert back to taxpayer with solution.
17. Is it mandatory to enter Bank Account details in case of foreign companies?
Answer. The bank account details are mandatory in case of foreign companies due to the reason that if they are doing any transaction in India, they have to have the Bank Account in India.
18. Validate button is not working in Return Preparation software provided by the Department.
Answer. Kindly enable the macros in Microsoft Excel from the tools option, macro setting should be low or medium.