How to Register Sole Proprietorship Firm in India? The sole proprietorship Firm type is the favorite business form for the small entrepreneurs. It simply allows starting a firm with small capital, short time frame. It requires a very simple process with minimal legal compliance and formation costs. Most of the local offline businesses prefer proprietorship. […]
Save tax by Creating a HUF? However, if the Income Tax Act, 1961 provides legal opportunities to save Income tax, it will not be prudent if you are not taking benefits of such HUF provisions.If you are a born Hindu or a Sikh or a Buddhist or a Jain,
How to file Income Tax Return easily Income tax return filing is a mandatory process that the assessee should carry out with due care. However, the otherwise basic and simple process becomes cumbersome with the lack of knowledge. Read on to know How to file Income Tax Return easily that will make income tax filing […]
Non-Filing of the Income Tax Return – Consequences 31st March’ 2018: The last date for Income Tax return u/s 139(4) for Financial Year 2015-2016 & 2016-2017. Many people have a query that what will happen if we do not file the Income Tax Return by the aforementioned deadline. There are many benefits of filing the […]
TDS on 7.75% GOI Savings (Taxable) Bonds, 2018 The government of India introduced 8% Savings (Taxable) Bonds, 2003 in 2003. Under the existing law, the interest received by the investor is taxable. Further, the payer is liable to deduct tax at source under section 193 of the Act at the time of payment or credit […]
ITR will not automatically fetch income tax notice in case of mismatch in Form 26AS Budget 2018 has proposed to remove the existing system of income tax return assessment where a return filer would be automatically sent a notice if his/her Form 26AS details did not match with the income declared in the return.
While taking term insurance people forget Important points A term insurance plan is critical in securing your family’s future. In case you’re unfamiliar with what a term insurance policy is and what exactly it does, here’s a quick explanation.