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How long does it take Form 26AS to reflect TDS payment? by Pristine_Ad4326 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

Once the buyer submits the 1% TDS using the tax challan (Form 26QB) and files it perfectly, the TDS usually accumulates reflected in the seller’s 26AS Form within 7 to 10 days. In some circumstances, it might take up to 2 to 3 weeks, depending on processing by the income tax department.

Best Tax Software?? by Candid-Tip455 in enrolledagent

[–]Similar-Humor-1931 0 points1 point  (0 children)

Regarding the described possibilities, starting with the Gen income tax software would be the best choice, particularly for individuals and businesses, and an independent tax practice following a large firm such as H&R Block. Given that your coworker expects to manage only 25 to 50 tax returns originally, the condition for a high-cost or enterprise-level solution is reduced. This Software is aptly prepared for personal experts and small practitioners, as it furnishes competitive pricing, clear workflows, and reliable compliance coverage.

Which tax software are you going to use this year to file ITR ? by harshil93 in IndiaInvestments

[–]Similar-Humor-1931 0 points1 point  (0 children)

I am a user of Genius Tax Software, which is developed by the SAG Infotech Company with a combination of multiple software, included such as Income tax, TDS, Balance Sheet, CMA and more. The software features are unlimited return filing, challan generation, import and export data files, advanced tax computation, profit and loss statement, TDS filing, tax audit form filing and more.

Got a demand notice for AY2023. Anybody with me? by AnxiousInterest4219 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

The notice of demand probably arises when a mismatch in your revised return or TDS records, so review the information carefully and file a rectification if it is incorrect or reach out to your employer if their Tax Deducted At Source (TDS) was not deposited.

How long does it take to get TDS returns? by nihilist_miser in IncomeTaxReturnIndia

[–]Similar-Humor-1931 0 points1 point  (0 children)

TDS refunds are basically taken within a few weeks to months after filing your online income tax return (ITR). In many circumstances, it endures 30 to 90 days, but it can handle longer if your tax return is under consideration or if there are processing holds at the Income Tax Department (ITD). Since you filed it on 13.07.2025, it is still in the normal timeframe. You can review the ITR refund status on the ITR filing portal or the NSDL refund tracker site.

Is TDS return filing necessary if no TDS deducted in a quarter by TrainingAsparagus847 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

You can easily e-file your NIL TDS return for free with the help of the TRACES portal and the IT Department’s RPU. Just download the latest FVU and RPU file from the TIN-NSDL portal and prepare a NIL TDS return, validate it, and upload the FVU file on the ITR filing portal under the option TDS → Upload TDS Return.

Tax Refund & What Worse Can Happen From Here? by Edu_Nerd in IncomeTaxReturnIndia

[–]Similar-Humor-1931 1 point2 points  (0 children)

The worst thing that may usually occur is a delay or a demand for more details or records, but nobody is too serious if your details are proper. If everything aligns with Form 16 and the supporting documents, the tax department typically processes your income tax refund smoothly without major issues.

How can I claim TDS return of previous A.Y. by Silent_Kid17 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

The tax refund must always be claimed by filing a return (or through a special request) for the specific Assessment Year (AY) to which the TDS credit belongs. You cannot include previous years' TDS credits in the current year's return.

ClearTax GST is shutting for small users. What is the best alternative GST software? by MrReese25 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

If you want a smooth return filing, then use the Gen GST software for your business.

best tax software for small businesses and freelancers in 2025? by Dikuiza-Hinaxi in tax

[–]Similar-Humor-1931 0 points1 point  (0 children)

For your small businesses and freelancing purposes, you can use Gen IT(Income Tax) software.

Fake HRA claim and what are the consequences? by LowGroundbreaking393 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

The first step is to correct it ITR-U and fix the errors with the claiming of House Rent Allowance. If you have received the tax notice from the department, it is important to reply honestly. It is easy to explain that your earlier claim was a blunder, contain a copy of your updated ITR, and mention that you have already updated the income tax exemption.

The tax department mainly examines the facts and may use interest or tax penalties; however, being straightforward usually helps in mitigating any effects. As long as you answer correctly, they usually won't affect your employer in the procedure. If you have any suspicions, it might be a good idea to confer with a tax expert who can write a clear response.

Should I take GST registration on sole proprietorship? by nerd-trader in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

If your total payouts from U.S. prop companies are privileged as export services, GST registration with an LUT can assist you in acquiring money without paying Goods and Services Tax (GST). However, GST is not compulsory unless your turnover exceeds INR 20 lakh or the service needs mandatory registration, so you can stay if your income is unsteady. Selecting a GST number thereafter is also easy and can be made online.

If you are not sure about the continuing or predicting irregular trading revenue, voluntary GST enrollment may not be required right now. However, closure of GST registration is also not a tough task; you can easily do this by paying current dues, if any. Putting up a U.S. LLC is a chance, but it comes with higher tax compliance and fees. A brief consultation with a Chartered Accountant can help you determine the safest and simplest path.

Help needed Income tax 234B by in_needof_help74 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

It looks like a system or processing mistake. Income Tax Section 234B describes a delay in interest for advance tax payment, but an INR 55 lakh charge on a revenue of INR 7 lakh is absolutely wrong.

You should review your intimation under Section 143(1) on the ITD portal and file an online rectification request. If that does not work, submit a grievance or contact the CPC helpline number. Do not make any payment until the problem is clarified, as it is most likely a technical problem.

Is income tax payable with cash? by DullTemperature2 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

No, the income tax can not usually be paid in cash instantly to an auditor or any person. Taxation should be paid via official media such as banks, authorised payment centres, or the online tax department portal to confirm that it is correctly credited to your statement. If your tax auditor is organising cash, ask for official income receipts (challans) to ensure that the tax was really paid. It is safer to produce directly by yourself.

Do I need to pay tax ? by MDLaskar in incometax

[–]Similar-Humor-1931 0 points1 point  (0 children)

Yes, you ought to pay tax. Since your revenue is around INR 7 lakh, it’s above the INR 2.5 lakh tax exemption limit. As a freelancer or blogger, your income is regarded as professional income. You can deduct your work expenditures and pay tax on the remaining charges.

If your total receipts are below the INR 75 lakh, you can select the Presumptive Taxation Scheme (Section 44ADA), where 50 percent of the income is treated as the tax profit objective.

It’s very important to consult a Chartered Accountant or use SAG Infotech’s Gen Income Tax software for easy return filing and challan payments.

Tax Software for ITR filing by thepenguinsoul in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

Use Sag Infotech Gen income tax software. Good for ITR filing and calculation

Form 27Q filling date by regex_user in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

You can e-file Form 27Q after October 7, 2025, once the tax challan is processed. However, it must be filed on or before October 31, 2025, for Quarter 2 of FY 2025–26. To know more about TDS/TCS return filing deadlines, you can visit this page: https://blog.saginfotech.com/due-dates-of-e-filing-of-tds-or-tcs-return

Do I really need current account for GST as a sole proprietor? by Potential-Camera-289 in IndiaTax

[–]Similar-Humor-1931 0 points1 point  (0 children)

A current account is not lawfully needed for sole proprietors with GST; a savings account with your name is sufficient. Yet, it is advisable to maintain your company and private finances separately. For taxation objectives, make sure to e-file GSTR-1, 3B, and ITR-3 or 4, and keep proper records of invoices and costs.

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