Which ITR form applies to you for the financial year 2017-18? The income tax authorities notified the new ITR form applicable for the financial year 2017-18 in April (online utility tools for a couple of forms have been published). An individual who is required to file a return of income for the financial year 2017-18 […]
Tag Archives: Income Tax updates
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,
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 […]