Share this page!

Yogesh Katariya Profile picture
Twitter logo
Sep 5 • 4 tweets • 3 min read
Thread 🧵

Now you can pay Income Tax via Debit Card, Credit Card, UPI too @IncomeTaxIndia

#incometax #upi

Please note, this is available when you pay taxes through Income Tax Portal and not from @Protean_Tech website.
Earlier, tax payments majorly were done using 2 modes. Internet Banking or Physically visiting Bank.

Now you can pay via :

👉UPI
👉Internet Banking
👉Debit Card
👉Credit Card
👉Over the Counter
👉NEFT/RTGS
Paying through UPI, Debit Cards or Rupay Debit Card does not attract any transaction charges.

Income Tax systems using payment gateway of @FederalBankLtd

Snapshot of transaction charges 👇👇 Transaction charges summary
Good part is Email & Text communications receiving at the time making payments and on completion as well. Thanks @IncomeTaxIndia

This was long due. 🙏

Email communication mentioned that challan attached but not received paid challan copy. Challan after payment 👇 Challan generated after tax payment

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Yogesh Katariya

Yogesh Katariya Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @CAYogesh4u

Yogesh Katariya Profile picture
Sep 3
Thread 🧵on Advance Tax.
Applicability, Consequences of Non Payment, Calculations, How to Make Payment etc.

#advancetax
Retweet for maximum reach 🙏
Q. What is an advance tax?

In simple term paying taxes in "Installments" rather than in lump sum while filing ITR. Tax amount paid before 31st March of respective FY is considered as an advance tax.

Tax is to be paid before certain due dates given by @IncomeTaxIndia
Q. Applicability of Advance Tax ?

Advance tax applicable to all assesses whose tax liability in a year exceeds Rs.10,000

Assessees include Salaried people, Businesses, Freelancers, Traders etc. This means all assesses.
Read 16 tweets
Yogesh Katariya Profile picture
Aug 25
Thread on Taxation and Tax Planning through Minor’s Income

We will see:
👉🏻PAN & ITR filing of Minor
👉🏻How Clubbing of Income happens?
👉🏻Taxation of Minor Income
👉🏻Tax Planning

@Spaysocial @investyadnya @AdeParimal @gaurav28jain #minor #TaxTwitter #taxplanning
Q. Can minor apply for PAN?

Absolutely yes, Income Tax Act does not bar minors from applying to PAN. Even today’s born baby can also apply for PAN.

There is no age limit for applying for PAN.
Q. Can Minor file his ITR?

Yes again. There is no provision in income tax act which says minor cannot file his ITR.

Income tax return can be filed by his representative also.

#incometax #IncomeTaxReturns
Read 19 tweets
Yogesh Katariya Profile picture
Aug 23
Thread 🧵 Tax Planning through HUF Part 2

In this thread:

How Income generated in HUF
Who can be members of HUF
Who can be Karta in HUF
Investments in HUF
Who owns HUF property
Some questions from Part 1

@Spaysocial @investyadnya @AdeParimal @gaurav28jain
Q. How income generated in HUF?

Income can be generated through any activity such as
Trading Activity
Factory Setup
Run Hospital
Consultancy Business

Efforts to generate income in HUF can be put by all the members.

#HUF
HUF can’t be run in professional capacity where certification required.

For eg. CA, Doctors, Enginneer’s can’t run their practice under HUF but can do consultancy business where there is no certification requirement.
Read 20 tweets
Yogesh Katariya Profile picture
Aug 15
Thread 🧵 on HUF ( Hindu Undivided Family)

HUF is a big concept, will create 2-3 threads for your understanding.

In this thread :
What is HUF?
Formation of HUF
Tax Planning through HUF
How to generate corpus for HUF? @Spaysocial @investyadnya @AdeParimal @gaurav28jain #HUF
What is HUF?

As the name suggests it’s an Hindu Undivided Family. It’s a separate entity recognised like Individual, Companies etc.

Who all covered under HUF?

Hindu’s, Buddhist, Jains and Sikh’s. It means only these people can form HUF.
HUF governed by which Law?

There is no codified law for HUF.

It’s a customary law based on Hindu Law. Hindu law defines major clauses of HUF.

Also governed by Income Tax Act, 1961 as income is in question. So taxation governed by the Income Tax Act.
Read 18 tweets
Yogesh Katariya Profile picture
Jul 18
Thread 🧵 on Important Points while Filing Income Tax Returns.

Which in turns saves you from any notice from Income Tax Department.

@Spaysocial @investyadnya @AdeParimal @gaurav28jain

Request to retweet for maximum reach 🙏🏻
1. Do check AIS (Annual Information Statement) & TIS (Tax Information Summary)

Both available on income tax portal under services tab.

Please note there might be errors in figures reported in those statements but you can submit appropriate feedback if showing wrong details.
2. Choosing of correct ITR Form is the most important thing.

If you choose wrong ITR form your ITR will be considered defective. This will lead to invalidate your ITR if response not submitted in due time.

Invalid ITR is as good as you have not filed ITR.
Read 12 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(