Yes, deducting TDS and filing a tax return are two separate legal compliances. Income tax should be paid on your taxable income as per the provisions of the Income Tax Act. Whereas, you file a tax return to show that you’ve paid all the tax you needed to pay. The income tax return is also a very useful document when it comes to applying for a loan or visa.

There are seven forms – ITR 1, 2, 3, 4, 5, 6 and 7 notified by the government for different categories of taxpayers. ITR-1 to ITR-4 applies to individuals and HUFs. They can choose the appropriate ITR form based on the income earned and source of income. ITR-5 applies to partnership firms, LLPs, AOP (Association of Persons), BoI (Body of Individuals), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust and investment fund.
All the companies should file ITR-6. It does not apply to companies claiming exemption from income from property held for charitable or religious purposes. Such companies should file ITR-7. If you are e-filing with ClearTax, we automatically decide on the correct income tax return form.

You can pay tax to the government directly on the Income Tax Department website using your net-banking account or debit card using challan 280. The payment types for below taxes are as follows-

1. Advance Tax- (100) Advance Tax
2. Self assessment tax- (300) Self Assessment Tax
3. Regular assessment- (400) Tax on Regular Assessment Tax

TBased on the annual turnover of the food business, the types of FoSCos Food licenses are:

• Basic FSSAI Registration – Annual turnover of less than Rs. 12 Lakhs
• State FSSAI License – Annual turnover between Rs. 12 Lakhs – Rs. 20 Crores
• Central FSSAI License – Annual turnover more than Rs. 20 Crores

The FoSCos Food Registration cost depends on the category and the duration of the Food License (1-5 years) you are opting for:

• Basic FSSAI Registration – Rs.1999 for 1 year
• State FSSAI Registration – Rs.2999 for 1 year
• Central FSSAI Registration – Rs.3999 for 1 year