In the new ITR forms,an expat who is not an Indian citizen and is in India on business,employment or student visa would not mandatorily be required to report the foreign assets acquired by him during the previous years when he was non-resident and if no income was derived from such assets...
4. Carry forward business losses If you run a business, it'll be beneficial for you to file return regularly and carry forward any losses. This helps you claim adjustments in the future as losses not recorded in returns can't be shown as an exemption in the subsequent year. ...
Tax Tools for You absolutely FREE! Income Tax Calculator HRA Calculator Generate Rent Receipt Income Tax Refund Status How Income Tax Filing Process Works Choose your Plan Salaried, Capital Gains (Stock investor), Foreign Income , NRIs, Business. ...
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Providing lending solutions for business needs with NeoGrowth CONTACT US Submit Types of Income Tax returns #1. ITR 1 This ITR filing is for individuals whose income from Salary, Pension, House Property, or Other Sources upto INR 50 Lakhs. ...
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Form 1701A–Use this form if you are earning purely business income or income from your profession. This is a new form released by the BIR for those who chose the Optional Standard Deduction Method (OSD) or opted in for 8% GRT in the previous year. ...
CBDT Notifies Transfer Pricing Tolerance Range for AY 2024-25 Under Rule 10CA CBDT Chairman Urges Income Tax Department to Build Responsive, Fair and Empathetic Tax Administration CBI Files Chargesheet Against Former IT Commissioner in Rs 10 Lakh Bribery Case Involving Multiple Accus...
Income tax Slabs for Individual and HUF for AY 2017-18 Get Details The Sections of ITR-4 Sugam Form Part A: general information regarding taxpayer and business Part B: Gross total income from the five heads of income Part C: Deduction applicable and total tax liable income Part D: Tax ...