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What Are The Benefits Of Filing Your ITR Before The Due Date?

March 14, 2019 by Ca On Web  

Online income tax return filing is mandatory for every individual having gross total income exceeding the taxable limit on or before the due date. ITR due date is 30th September of the assessment year for taxpayers whose accounts are required to be audited and 31st July of the assessment year for other taxpayers.  

These are the benefits of filing ITR before the due date:

ØIf you file ITR before the due date, then you do not have to pay any late filing fees as if a person required to furnish a return of income by July 31 fails to do so, then a fee of Rs.5000 shall be levied if it is filed before 31st December. And, the fee shall be Rs.10, 000 if it is filed after 31st December. If the total income of the person doesn’t exceed Rs.5 lakhs, then the fee payable shall not exceed Rs.1000.

ØIf you file your ITR before the due date, then you do not have to pay interest as if you fail to file your income tax return before the due date, then you will be obliged to pay interest u/s 234A at the rate of 1 percent for every month or a part thereof.

ØIf you file ITR before the due date, then you will be able to carry forward losses to subsequent years, which can be used to set off against income of subsequent years.

ØIf you file ITR before the due date, then your ITR will be processed earlier and refund will be issued (if any) by the income tax department.   

How do I register for APEDA?

March 5, 2019 by Ca On Web  

APEDA registration is required for exporters of the scheduled product(s) specified under the APEDA Act. The application is to be made to the authority before the expiration of one month from the date on which exporter undertakes export of such products. Following APEDA registration documents are required to be submitted with the application form:

ØAn application form duly signed.

ØImport-Export code issued by D.G.F.T.

ØDuly signed bank certificate.

ØLatest two months bank account statement.

ØCanceled cheque


How to register for APEDA?

You can register for APEDA with the help of professionals in the following steps:

Step 1: Go to CAONWEB site and choose professionals and required service and submit your details

Step 2: Our team will contact you and guide you about APEDA registration procedure and documents   

Step 3: Then you are required to submit required information and documents

Step 4: We will process your documents and complete the filing process

Step 5: APEDA registration certificate will be issued          

If you want more information about APEDA online registration procedure and APEDA registration documents, then you can contact professionals through CAONWEB.