General
Company registration for NRIs in India
Company registration for NRIs in India Company Registration for NRIs in India 1. Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN): - Like Indian residents, NRIs who wish to become directors of the company need to ...
Company registration timeline in India
Company registration timeline in India 1. Obtain Digital Signature Certificate (DSC): - The first step is to obtain a Digital Signature Certificate (DSC) for the proposed directors of the company. The DSC is required for online filing of registration ...
Income tax filing for tax compliance in India
Income tax filing for tax compliance in India 1. Determine Your Residential Status: - Determine whether you are a resident, non-resident, or a resident but not ordinarily resident (RNOR) for the relevant financial year as per the Income Tax Act. 2. ...
Income Tax Filing for Tax Computation in India
Income Tax Filing for Tax Computation in India 1. Gather Income Details: - Collect all the details of your income from various sources, such as salary, business or profession, house property, capital gains, and other income sources. 2. Calculate ...
Income tax filing for rectification request in India
Income tax filing for rectification request in India 1. Identify the Need for Rectification: - Review your filed income tax return and identify any errors, mistakes, or omissions that need to be corrected. Common reasons for rectification include ...
Income tax filing for foreign assets and income disclosure in India
Income tax filing for foreign assets and income disclosure in India 1. Determine Your Residential Status: - First, determine your residential status as per the Income Tax Act. You will be considered a resident if you fulfill any of the following ...
Income tax filing for presumptive taxation scheme in India
Income tax filing for presumptive taxation scheme in India 1. Eligibility for the Presumptive Taxation Scheme: - The scheme is available for: - Resident individuals, Hindu Undivided Families (HUFs), and partnerships whose turnover or gross receipts ...
Income tax filing for income from multiple sources in India
Income tax filing for income from multiple sources in India 1. Collect Income Details: - Gather information about all your income sources, which may include: - Salary income from one or more employers (Form 16) - Income from house property (rental ...
Income tax filing for e-verification in India
Income tax filing for e-verification in India 1. Register on the Income Tax e-Filing Portal - Visit the official income tax e-filing portal and register as a taxpayer if you haven't done so already. 2. Log In to Your Account - Log in to your account ...
Income tax filing for EVC (Electronic Verification Code) in India
Income tax filing for EVC (Electronic Verification Code) in India 1. Register on the Income Tax e-Filing Portal - Visit the official income tax e-filing portal and register as a taxpayer if you haven't done so already. 2. Log In to Your Account - Log ...
Income tax filing for PAN (Permanent Account Number) in India
Income tax filing for PAN (Permanent Account Number) in India 1. Obtain a PAN (if not already done) - If you don't have a PAN, apply for it through the NSDL or UTIITSL websites or visit the nearest PAN facilitation center. 2. Register on the Income ...
Income tax filing for Aadhaar linking in India
Income tax filing for Aadhaar linking in India 1. Obtain Aadhaar Number (if not already done) - If you don't have an Aadhaar number, apply for one from the nearest Aadhaar enrollment center. 2. Register on the Income Tax e-Filing Portal - Visit the ...
Income tax filing for digital signature in India
Income Tax Filing with Digital Signature in India 1. Obtain a Digital Signature Certificate (DSC) - To use a digital signature for income tax filing, you need to obtain a Digital Signature Certificate (DSC) from Certifying Authorities (CAs) ...
Income tax filing for ITR (Income Tax Return) forms in India
Income tax filing for ITR (Income Tax Return) forms in India 1. Determine the Appropriate ITR Form - Identify the correct ITR form based on your income sources, residential status, and other criteria. - Commonly used ITR forms for individuals include ...
Income tax filing for revised return in India
Income tax filing for revised return in India 1. Identify the Need for Revision - If you discover errors or omissions in your original income tax return, such as incorrect income, deductions, or tax calculations, you may need to file a revised ...
Income tax filing for advance tax in India
Income tax filing for advance tax in India 1. Estimate Total Income - Estimate your total income for the financial year from all sources, including salary, business income, capital gains, interest, rental income, etc. 2. Calculate Taxable Income - ...
Income tax filing for tax audit in India
Income tax filing for tax audit in India 1. Determine Eligibility for Tax Audit - Tax audit is applicable to certain categories of taxpayers whose turnover or gross receipts exceed the prescribed threshold limits. - For businesses, tax audit is ...
Income tax filing for late filing penalties in India
Income tax filing for late filing penalties in India 1. Know the Due Date - The due date for filing income tax returns in India is usually July 31st for most taxpayers. However, it may vary based on specific circumstances or extensions provided by ...
Income tax filing for tax refunds in India
Income tax filing for tax refunds in India 1. File Income Tax Return - Start by filing your income tax return for the relevant financial year using the appropriate ITR form based on your income sources and other criteria. - Include all your income, ...
Income tax filing for TDS (Tax Deducted at Source) in India
Income tax filing for TDS (Tax Deducted at Source) in India Income Tax Filing for TDS (Tax Deducted at Source) in India 1. Obtain TDS Certificate - Collect TDS certificates like Form 16 (for salary income) and Form 16A (for non-salary income) from ...
Income tax filing for Form 15G/15H in India
Income tax filing for Form 15G/15H in India 1. Eligibility Criteria - Form 15G: Individuals below the age of 60 years are eligible to submit Form 15G. - Form 15H: Senior citizens aged 60 years or above can submit Form 15H. 2. Determine Eligibility ...
Income tax filing for Form 26AS in India
Income tax filing for Form 26AS in India Income Tax Filing for Form 26AS in India 1. Obtain Form 26AS - Access Form 26AS through the official income tax e-filing portal (https://www.incometaxindiaefiling.gov.in) using your PAN and password. - Form ...
Income tax filing for Form 16 in India
Income tax filing for Form 16 in India 1. Obtain Form 16 from Employer Contact your employer to receive Form 16, usually issued on or before the 31st of July following the financial year in which you earned the income. 2. Verify Form 16 Details Check ...
Income tax filing for house property income in India
Income tax filing for house property income in India 1. Identify the Type of House Property Determine the type of house property you own or have an interest in, as it will affect the way income is calculated. It can be categorized as: - Self-occupied ...
Income Tax Filing for Digital Transactions in India
Income Tax Filing for Digital Transactions in India 1. Introduction As India moves towards a digital economy, the government has taken measures to promote cashless transactions and increase transparency in financial dealings. Income tax authorities ...
Income tax filing for tax-saving investments in India
Income tax filing for tax-saving investments in India Income tax filing in India offers various tax-saving investment options that allow individuals to reduce their taxable income and save on taxes. These investments fall under different sections of ...
Income tax filing for exempt income in India
Income tax filing for exempt income in India Income tax filing for exempt income in India is a crucial aspect of the income tax process, as taxpayers need to disclose all sources of income, including those that are exempt from taxation. Exempt income ...
Income tax filing for agricultural income in India
Income tax filing for agricultural income in India Income tax filing for agricultural income in India is a topic of particular interest due to the special treatment that agricultural income receives under the Income Tax Act. Agricultural income is ...
Income tax filing for foreign income in India
Income tax filing for foreign income in India Income tax filing for foreign income in India involves reporting and declaring income earned outside the country by Indian residents. Indian residents are taxed on their global income, which includes ...
Income tax filing for interest income in India
Income tax filing for interest income in India Income tax filing for interest income in India is an important aspect of taxation for individuals and entities earning interest on various financial instruments like fixed deposits, savings accounts, ...
Income tax filing for dividends in India
Income tax filing for dividends in India As of my last update in September 2021, the taxation of dividends in India has undergone significant changes. The following information outlines the taxation and income tax filing process related to dividends ...
Income tax filing for rental income in India
Income tax filing for rental income in India Income tax filing for rental income in India is an essential aspect of taxation for individuals and entities earning rental income from properties they own or rent out. Rental income is considered a part ...
Income tax filing for capital gains in India
Income tax filing for capital gains in India Income tax filing for capital gains in India involves reporting and calculating taxes on profits earned from the sale or transfer of certain assets, such as real estate, stocks, mutual funds, and other ...
Income tax filing for HUFs (Hindu Undivided Families) in India
Income tax filing for HUFs (Hindu Undivided Families) in India Income tax filing for Hindu Undivided Families (HUFs) in India is subject to specific rules and regulations. An HUF is a unique tax entity that consists of members of a Hindu family, ...
Income tax filing for companies in India
Income tax filing for companies in India Income tax filing for companies in India is a crucial aspect of corporate compliance. The income tax provisions for companies are governed by the Income Tax Act, 1961, and they differ from those applicable to ...
Income tax filing for LLPs in India
Income tax filing for LLPs in India Income tax filing for Limited Liability Partnerships (LLPs) in India is subject to specific rules and regulations. An LLP is a popular form of business structure that offers limited liability protection to its ...
Income tax return last date of filing
income tax return last date of filing As of my last update in September 2021, the income tax return last date of filing in India is typically July 31st of the assessment year (AY) for most individuals and non-audit taxpayers. However, there can be ...
Company tax return for companies with losses in India
Company tax return for companies with losses in India Filing a company tax return for companies with losses in India involves specific steps and considerations, as these companies may have unique tax implications due to the losses incurred during the ...
Company tax return for companies with tax credits in India
Company tax return for companies with tax credits in India Companies in India with tax credits can offset these credits against their tax liability when filing their tax return. Tax credits can arise from various sources, such as advance tax ...
Company tax return for startups availing tax incentives in India
Company tax return for startups availing tax incentives in India Filing a company tax return for startups availing tax incentives in India involves specific steps and considerations, as these startups may be eligible for various tax benefits and ...
Next page