Crn full form in income tax

CRN full form in Income Tax The CRN full form is Challan Reference Number. Why does taxpayer need to create a Challan (CRN)? Resolution: In e-Pay Tax service at e-Filing portal, it is mandatory to generate the Challan for the payment of direct taxes. Every such generated Challan will have a unique Challan Reference Number… Category: Tags:

With the deployment of Income Tax Portal 2.0, the stakeholders have been facing a lot of issues, one of the same being in respect to filing of the Income Tax Returns. While filing the return of income there has been an issue faced in respect to Verification of the Income Tax return at the portal as for few of the cases the Name of person signing i.e. the Taxpayer is not appearing at the portal or in Utility. Further to add the trouble the cell for the Name of person signing is greyed out i.e. it shall be auto-populated with no option to fill. One of the way around that I personally experienced is that, instead of selecting self you may select the other option such as “Authorized Signatory” from the dropdown (while selecting capacity in which return is signed) in the verification tab and then the greyed out cell shall allow you to fill name. Once the details have been filled the option of Authorized signatory can be changed to Self again and you may be surprised that the name shall now appear under the greyed out option as you would have wanted it earlier. While I personally believe that name shall be auto-populated like Hope the same helps ! Note: The same is basis the personal experience and shall not be considered as any solution/ advice of any sort, please check the details at your end before filing the return of income. I am tax professional dealing in Income Tax, International Taxation and Transfer Pricing and also tech enthusiast. I am also advising and assisting on ...

CRN full form in Income Tax The CRN full form is Challan Reference Number. Why does taxpayer need to create a Challan (CRN)? Resolution: In e-Pay Tax service at e-Filing portal, it is mandatory to generate the Challan for the payment of direct taxes. Every such generated Challan will have a unique Challan Reference Number (CRN) associated with it. Who can generate a Challan (CRN)? Resolution: Any taxpayer (including tax deductors & collectors) required to make direct tax payment and willing to use e-Pay Tax service at the e-Filing Portal can generate Challan (CRN). Challan (CRN) can also be generated via Post-Login/PreLogin option available in the service. What are the various modes available for making payment after generation of Challan (CRN)? Resolution: After generation of Challan (CRN), following modes are available for making tax payment: • Net Banking (of selected Authorised Banks) • Debit Card (of selected Authorised Banks) • Pay at Bank Counter (Over the Counter Payment at the Branches of selected Authorised Banks) • RTGS / NEFT (through any bank having such facility) • Payment Gateway (using sub-payment modes as Net Banking, Debit Card, Credit Card, and UPI) * RTGS/NEFT and Payment Gateway are newly added payment methods as an upgradation in the e-Pay Tax service on the e-Filing portal. What will happen if no payment is initiated after creation of Challan (CRN)? Resolution: A partially created Challan remains in the “Saved Drafts” tab unless it is finally generat...

CRN full form in Income Tax The CRN full form is Challan Reference Number. Why does taxpayer need to create a Challan (CRN)? Resolution: In e-Pay Tax service at e-Filing portal, it is mandatory to generate the Challan for the payment of direct taxes. Every such generated Challan will have a unique Challan Reference Number… Category: Tags:

In e-Pay Tax service at e-Filing portal, it is mandatory to generate the Challan for the payment of direct taxes. Every such generated Challan will have a unique Challan Reference Number (CRN) associated with it. Who can generate a Challan (CRN)? Resolution: Any taxpayer (including tax deductors & collectors) required to make direct tax payment and willing to use e-Pay Tax service at the e-Filing Portal can generate Challan (CRN). Challan (CRN) can also be generated via Post-Login/PreLogin option available in the service. What are the various modes available for making payment after generation of Challan (CRN)? Resolution: After generation of Challan (CRN), following modes are available for making tax payment: • Net Banking (of selected Authorised Banks) • Debit Card (of selected Authorised Banks) • Pay at Bank Counter (Over the Counter Payment at the Branches of selected Authorised Banks) • RTGS / NEFT (through any bank having such facility) • Payment Gateway (using sub-payment modes as Net Banking, Debit Card, Credit Card, and UPI) * RTGS/NEFT and Payment Gateway are newly added payment methods as an upgradation in the e-Pay Tax service on the e-Filing portal. What will happen if no payment is initiated after creation of Challan (CRN)? Resolution: A partially created Challan remains in the “Saved Drafts” tab unless it is finally generated along with the Challan Reference Number (CRN). After generation of CRN, it moves to “Generated Challan” tab and is valid for 15 days a...

With the deployment of Income Tax Portal 2.0, the stakeholders have been facing a lot of issues, one of the same being in respect to filing of the Income Tax Returns. While filing the return of income there has been an issue faced in respect to Verification of the Income Tax return at the portal as for few of the cases the Name of person signing i.e. the Taxpayer is not appearing at the portal or in Utility. Further to add the trouble the cell for the Name of person signing is greyed out i.e. it shall be auto-populated with no option to fill. One of the way around that I personally experienced is that, instead of selecting self you may select the other option such as “Authorized Signatory” from the dropdown (while selecting capacity in which return is signed) in the verification tab and then the greyed out cell shall allow you to fill name. Once the details have been filled the option of Authorized signatory can be changed to Self again and you may be surprised that the name shall now appear under the greyed out option as you would have wanted it earlier. While I personally believe that name shall be auto-populated like Hope the same helps ! Note: The same is basis the personal experience and shall not be considered as any solution/ advice of any sort, please check the details at your end before filing the return of income. I am tax professional dealing in Income Tax, International Taxation and Transfer Pricing and also tech enthusiast. I am also advising and assisting on ...

With the deployment of Income Tax Portal 2.0, the stakeholders have been facing a lot of issues, one of the same being in respect to filing of the Income Tax Returns. While filing the return of income there has been an issue faced in respect to Verification of the Income Tax return at the portal as for few of the cases the Name of person signing i.e. the Taxpayer is not appearing at the portal or in Utility. Further to add the trouble the cell for the Name of person signing is greyed out i.e. it shall be auto-populated with no option to fill. One of the way around that I personally experienced is that, instead of selecting self you may select the other option such as “Authorized Signatory” from the dropdown (while selecting capacity in which return is signed) in the verification tab and then the greyed out cell shall allow you to fill name. Once the details have been filled the option of Authorized signatory can be changed to Self again and you may be surprised that the name shall now appear under the greyed out option as you would have wanted it earlier. While I personally believe that name shall be auto-populated like Hope the same helps ! Note: The same is basis the personal experience and shall not be considered as any solution/ advice of any sort, please check the details at your end before filing the return of income. I am tax professional dealing in Income Tax, International Taxation and Transfer Pricing and also tech enthusiast. I am also advising and assisting on ...

CRN full form in Income Tax The CRN full form is Challan Reference Number. Why does taxpayer need to create a Challan (CRN)? Resolution: In e-Pay Tax service at e-Filing portal, it is mandatory to generate the Challan for the payment of direct taxes. Every such generated Challan will have a unique Challan Reference Number… Category: Tags:

CRN full form in Income Tax The CRN full form is Challan Reference Number. Why does taxpayer need to create a Challan (CRN)? Resolution: In e-Pay Tax service at e-Filing portal, it is mandatory to generate the Challan for the payment of direct taxes. Every such generated Challan will have a unique Challan Reference Number (CRN) associated with it. Who can generate a Challan (CRN)? Resolution: Any taxpayer (including tax deductors & collectors) required to make direct tax payment and willing to use e-Pay Tax service at the e-Filing Portal can generate Challan (CRN). Challan (CRN) can also be generated via Post-Login/PreLogin option available in the service. What are the various modes available for making payment after generation of Challan (CRN)? Resolution: After generation of Challan (CRN), following modes are available for making tax payment: • Net Banking (of selected Authorised Banks) • Debit Card (of selected Authorised Banks) • Pay at Bank Counter (Over the Counter Payment at the Branches of selected Authorised Banks) • RTGS / NEFT (through any bank having such facility) • Payment Gateway (using sub-payment modes as Net Banking, Debit Card, Credit Card, and UPI) * RTGS/NEFT and Payment Gateway are newly added payment methods as an upgradation in the e-Pay Tax service on the e-Filing portal. What will happen if no payment is initiated after creation of Challan (CRN)? Resolution: A partially created Challan remains in the “Saved Drafts” tab unless it is finally generat...