Wish you all a Happy, Healthy and Prosperous new Year.

Now Lets’ begin new year with compliances within prescribed time.

• Arrange all your bank statements and supporting documents for various deduction under Income Tax
• Prepare a summary of your Income from all sources and all your investment in different assets with loan liability statements.
• Compute your Income Tax liability under Old Regime and New Regime
• You can select the beneficial regime to reduce your Income tax dues.
• Do not forget to pay your creditors who are registered under MSME and dues are outstanding for more than 45 days.
• Pay all your applicable TDS on time and file TDS returns within due date
• Also ensure that TDS certificates are downloaded from the I T Portal and sent to all the deductees. Preserve proof of such despatch of TDS certificates as well.
• Ensure making investment if planned to save long term capital gain.
• Make statement of Long Term and Short-Term Capital Gain in Securities.
• Compare these sheets with Global reports received from your Brokers and information as available on your AIS and TIS forms on IT Portal.
• Ensure that all transactions as reflected in AIS and TIS are duly accounted in your Annual Income Tax Return filing for the year.
• Ensure that PTEC and PTRC compliances are done under Profession Tax Act of Maharashtra.  
• It is observed that Notices are sent for PT compliances to persons who have GST registration.

OTHER USEFUL TIPS / INFORMATION

• Update Bank Account, Mail Id, Mobile No and address on IT and GST site.
• Check mail box daily / regularly for communication from Govt Offices.
• Ensure that your digital signature is in force for uploading return.
• You may send mails if you want us to attend on a particular professional topic of your interest.

Best Regards - Team CANRT - 11.04.2024