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Things To Know About Income Tax Filing Online And GST Filing

by Avinash Kaur Business Manager
income tax tds return filing


Income tax filing online is the duty and responsibility of every citizen. Every individual with certain income has to pay some percentage as income tax which is calculated according to the set slabs plus and the revenue generated through taxes is utilized in the benefit of country. For smoother income tax TDS return filing, Indian government has also initiated online filing. Tax can be filed online and offline both. But with online, there can be certain doubts that might be troubling you. For that reason we are going to share some common concerns and clear the doubts regarding income tax filing.

Types of ITR form


ITR-1: Is for those who earn their incomes through salaries, house property, and other sources such as interest and whose annual income is up to Rs. 50 Lakh.

ITR-2: It is for HUFs and individuals who are not in any profession or business.

ITR-3: For those who have income from any profession or business.

ITR-4: It is for firms, individuals and HUFs who have u/s 44AD, 44ADA and 44AE with a total annual income up to 50 Lakh.

ITR-5: For people other than HUF, individuals, and company filing ITR-7.

ITR-6: It is for companies excluding ones that claim exemption under Section 11.

ITR-7: For individuals and companies that are required to file returns under sections 139(4A) or 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F).

GST Return

GST tax was implementation in the year 2017, which has updated India's tax system. Under this, GST registration is required for all business holders who are selling and buying goods and services and if the annual turnover exceeds Rs.10 Lakhs in north-eastern and slope states and Rs.40 Lakhs for rest of India, then GST return filing services should be hired.

Types of GST Returns

GSTR-1: Details of outward supplies of goods and services are filed. Due date is monthly11th.

GSTR-2: All details of inward supplies of goods and services are to be filled. Due date is monthly15th.

GSTR-3: For claiming returns it is filed monthly 20th.

GSTR-3B: Return with summary of outward supplies with Input Tax Credit is declared and tax payment is affected by the payer.

GSTR-4: Return for taxpayers registered under Composition scheme. Due date is quarterly 18th.

GSTR-5: Return for Non-Resident foreign taxable person. Due date is monthly20th.

GSTR-6: Return for Input Service Distributor. Due date is monthly 13th.

GSTR-7: Return for authorities deducting tax at source. Due date is monthly 10th.

GSTR-8: Details regarding supplies through e-commerce and amount of tax collected. Due date is monthly 10th.

GSTR-9: Annual return for normal taxpayer. Due date is annually 31st December.

GSTR-10: If GST Registration is canceled or surrendered then it should be filed within 3 months.

GSTR-11: Details for inward supplies furnished by person with UIN to claim refund.  Due date is monthly 28th. For any related queries connect with  E M S Tax Filing Solutions.


About Avinash Kaur Freshman   Business Manager

5 connections, 0 recommendations, 29 honor points.
Joined APSense since, May 23rd, 2019, From Delhi, India.

Created on May 6th 2020 03:09. Viewed 190 times.

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