What is a sole proprietorship? Why filing ITR is mandatory for a Sole Proprietorship in India? Introduction A sole proprietorship, like other incorporated businesses such as partnerships and companies, must pay tax on its earnings. In a legal sense, a […]
How to file ESI Nil Return on ESIC Portal? Introduction The submission of an ESI Return is required for all Employees’ State Insurance (ESI)-registered employees. Employees are required to submit the return every six months until the set due date. [...]
All you need to know about “How to file Nil TDS Return?” Introduction TDS Reconciliation Analysis and Correction Enabling System (TRACES) has implemented a new procedure for Nil TDS return filing with the fiscal year 2014-15. This is applicable to […]
ITR Filing for a Partnership Firm Introduction All partnership firms are required to file income taxes, either manually or digitally. Income tax for a company can be validated with a digital signature or an electronic verification code (EVC). When a […]
All you need to know- Penalty chart under Income Tax Act, 1961 Introduction The timely and consistent payment of taxes and submission of returns guarantees that the government has funds available for public welfare at all times. There are many […]
What is Corporate Tax in India? And Corporate Tax Rate for Companies in India Introduction The Income Tax Act of 1961 imposes a corporate tax on both domestic and foreign corporations. Through this Act, the Government of India requires domestic […]
Types of equity earnings and Income Tax rules for Equity Share Trading Introduction Equity investments are potentially risky, but they produce high returns. No matter how much profit you make, it is always subject to capital gains taxation. If the […]
3CB and 3CD Form – What is it? And components of form 3CD and 3CB Introduction Forms 3CB and 3CD are reporting formats that should be used by auditors who are auditing the books of accounts of taxpayers who are […]
ITR Form 7 Filing: Eligibility, Due Date and Filing Process Introduction ITR Form 7 Filing is prescribed for charitable and religious trusts, political parties, universities, educational institutions, research associations, medical institutions, and other specified persons required to furnish their income […]
