Transactions to be entered in Base Form

The Below listed transaction should be entered directly in base forms – TN VAT new Portal Nature of Transaction Base Form Interstate purchase for exempted goods VAT Base Form Local Sales/Sales return to un-registered dealer (Net figure i.e Sales-Return) VAT Base Form Local Exempted Sales to un -registered Dealer  (Net figure i.e Sales-Return) VAT Base Form Work contract Receipt sec 5 VAT Base Form Registered…

Vat return annexure categories in TN Vat

SALES TAX – ANNEXURE I – Purchases C – Capital Goods E – Exempted I – Import O – Interstate Purchase requiring no form C R – Local Purchase Input (First Schedule) A – Purchase effected through Agents / Branches B – Industrial Input SALES TAX – ANNEXURE II – Sales E – Exempt F – First Schedule R – Sales Return S – Stock…

Income Tax Rates – AY 2016-17

Normal tax rates applicable to an individual The normal tax rates applicable to a resident individual will depend on the age of the individual. However, in case of a non-resident individual the tax rates will be same irrespective of his age. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows: Resident individual below the age of 60…

How to register as Legal Heir in Income Tax

User should register as a Legal Heir to e-File on behalf of the deceased. Deceased person’s PAN and Legal Heir’s PAN should be registered in the e-Filing portal. If Deceased person PAN is not registered in the portal then the Legal Heir can register on behalf of the deceased person (This feature is provided for Individual user only)  Steps involved in Legal Heir Registration –…

Schedule wise Vat Tax rate in Tamilnadu Commercial Tax

TAMILNADU COMMERCIAL TAXES – VAT TAX RATE SCHEDULE WISE Schedule Tax % Commodity Code Commodity Description First Schedule – Part A 1% 101 102 103 104 Bullian, Gold, Silver, Precious Stones like Diamond etc., First Schedule – Part B 5% 2001 to 2150 First Schedule – Part C 14.50% 301 to 369 Second Schedule 401 to 411 Liquir, Petrol,  Diesal, Tobacco Third Schedule Compounded rate…

How to apply VAT, CST registration in Tamilnadu

Documents required for new VAT Registration Proof of principal place of Business if rented Rental agreement with EB Card / Property tax paid receipt Lease deed with EB Card / Property tax paid receipt Proof of principal place of Business if owned Sale deed / Settlement deed with EB Card / Property tax paid receipt Power of attorney with EB Card / Property tax paid receipt Constitution…

State wise TIN Codes

LIST OF STATE CODES CORRESPONDING TO TIN NUMBER UNDER COMMERCIAL TAX DEPARTMENT (first two digit of TIN) Name of the State Code Name of the State Code Jammu and Kashmir 01 West Bengal 19 Himachal Pradesh 02 Jharkhand 20 Punjab 03 Orissa 21 Chandigarh 04 Chhattisgarh 22 Uttarakhand 05 Madhya Pradesh 23 Haryana 06 Gujarat 24 Delhi 07 Daman and Diu 25 Rajasthan 08 Dadra…

About Sai Consultancy

We Sai consultancy is a group of Tax Enthusiasts and Tax Experts in India with a passion to provide you full-fledged consultancy services and taxation services. Our consultancy services includes direct taxation, indirect taxation, registration services, book Keeping for Corporate and non-corporate sectors. We take care of filing your tax returns, setting up your business, maintaing the books of accounts and guide you in each…