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Is it Mandatory for me to file an Income Tax Return?
No, You do not need to file an Income Tax Return if your total taxable income does not exceed the basic exemption limit before taking into account deductions, even though you may have a PAN.
- What Are the Steps for filing an Income Tax Return using Finkar?
- Register Yourself with Fin-क₹’
- Fill your information based on easy, interview-style questions and upload your form16/16A.
- Check the Summary and Authorise our team to e-file your Income Tax Return.
- Make a payment to Fin-क₹’ .
- Our team will perform a review and will remind of all the missing pieces of information. Provide them.
- Receive via email the Acknowledgement.
- Our team will also guide you for tax planning , if required
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Does Finkar Support Manual preparation andfiling of Income Tax Returns?
No. Fin-क₹’ does not support manual preparation and filing of income tax returns. All returns are e-Filed by Fin-क₹ with the Income Tax Department.
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Does Finkar calculate the Tax Refunds that I am eligible for?
Yes. Once you have entered all the required information, our team starts preparing your computation of Income and on that basis the tax payable by you or refund due to you will be informed to you. So rest assured – the Fin-क₹’ website is not just a tax estimating tool, but a complete return preparation and filing portal!
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Is there any time Limit for Submitting ITR-V to Income Tax Department?
Yes, you should mail your ITR-V within 120 days of e-Filing your return.
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How secure is my data with Finkar?
Fin-क₹’ protects your data in several ways.
Fin-क₹’ servers are secured with fire walls to safe guard your data from viruses and unauthorized intrusion attacks. They are monitored around-the-clock for any denial of service or intrusion attacks.
As a registered user of Fin-क₹’, you can access your data through a unique password, which you create when you register for our service. Since your password is unique to you, only you can access your data. We have implemented a stringent security policy to protect your data against unauthorized access. -
What is the last date for filing an Income Tax Return?
The Due Date of filing your Income Tax Return for a financial year is 31st July after the end of the financial year. Thus, for financial year ended on 31st March, 2018, the due date of filing Income Tax Return is 31st July, 2018.However Income Tax department may extend the last date for filing an Income Tax return.
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Does That mean that i cannot file return after the last date mentioned?
You can file return after the last date also, i.e. Belated return u/s . However, in such case you will have to pay penal interest @ 1% per month for late filing. In case you have not filed your Income Tax Return for the financial year ended on 31st March, 2018 till 31st July, 2018 or extended period as the case may be, still you can file the same till 31st March, 2019,beyond which the return will become time barred and you would not be able to file the same. Assessing Officer may require you to pay penalty up to Rs.10,000 for late filing of Income Tax Return.
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What is the Revised Return and can I file a Revised Return using Finkar?
If you discover any omission or any wrong statement in the return filed within due date of filing, you may file a revised return at any time before 31-03-2019 or before the completion of the assessment, whichever is earlier.
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What is current offer ?
Finkar is providing Free GST registration.
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Is this offer applicable to everyone?
GST free registration is applicable to only proprietors / individuals.
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What is advantage of taking registration in GST ?
Registration under Goods and Service Tax (GST) regime will confer following advantages to the business:
- Legally recognized as supplier of goods or services.
- Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on Goods or Services or both by the business.
- Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients.
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Which are the cases in which registration is compulsory ?
In case of following categories of persons registration under GST is compulsory irrespective of the threshold limit:
- Person making an interstate taxable supply
- Casual Taxable Person
- Person who are required to pay under reverse charge
- Non-resident taxable person
- Persons who are required to deduct tax under Section 37
- Persons who supply goods and/or services on behalf of other registered taxable persons whether as an agent or otherwise
- Input service Distributor
- Person who supply goods and/or services, other than branded services, through e-commerce operator
- Every e-commerce operator
- An aggregator who supplies services under his brand name or trade name
- Such other persons as may be notified
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If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration ?
No. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST.
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Whether a person having multiple business verticals in a state can obtain for different registrations?
Yes. A person having multiple business verticals in a State may obtain a separate registration for each business vertical.
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Is there a provision for a person to get himself voluntarily registered though he may not be liable to pay GST?
Yes. A person, though not liable to be registered under the Law, may get himself registered voluntarily, and all provisions of this Act, as are applicable to a registered taxable person, shall apply to such person.
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Whether Cancellation of Registration Certificate is permissible?
Yes. Any Registration granted under this Act may be cancelled by the Proper Officer, in circumstances as may be prescribed under the Act. The proper officer may, either on his own motion or on an application filed, in the prescribed manner, by the registered taxable person or by his legal heirs, in case of death of such person, cancel the registration, in such manner and within such period as may be prescribed.
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Does Finkar also provide Insurance Services Online?
Yes. Fin-क₹’ provide following 2 types of insurance services :
- Life Insurance by Life Insurance Corporation of India (LIC of India)
- Health Insurance by Star health and Allied Insurance Co.Ltd.
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How to Avail Insurance Services?
You just need to fill the “Contact us form” or write us at help@finkar.in. Our team will co-ordinate with you.
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How Does Finkar Assist in Explaining Insurance Plans?
Our team will understand your needs and explain the best plans available for you on telephonic or on video conferencing, as per your comfort. You can send all requisite documents by post/courier or we can arrange for the pickup basis on availability of our executive in your area.
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Whom Shoud i Contact in case I have queries/difficulties?
Fin-क₹’s Customer Support team will be happy to help resolve all your doubts and queries. You can write to us at help@finkar.in.