One of the initiatives of the Income Tax Department was the beginning of electronic filing (e - filing) of income tax returns (ITRs) to make the filing process easier for taxpayers as well as to reduce the time required for data entry on receipt of returns. E- Filing is a scheme for ...
When the reporting of individual tax returns is done by post, an expedition service, or courier service, the taxpayer submits the annual income tax return form in a sealed envelope that has been attached to the income tax return information sheet. The proof and date of the letter shall be ...
Proprietorship Taxes in India Proprietorships and Taxation: Interconnected Tax Obligations: Income Reporting for Proprietorships: Tax Identification Number: Is it necessary for Proprietorship Firms to File Income Tax Return? Significance of Filing Income Tax Returns for Proprietorship Firms ...
In any case, if you failed to file income tax returns on or before the deadline, you would be required to pay interest at the rate of 1% for each month, or part of a month, on the amount of unpaid tax according to section 234A. Carry Forward of Losses are not allowed If you fac...
Know how to file Income Tax Returns for business. Our experts will help you to file income tax return for small business in india
File Income Tax Returns (ITR) online in India, easily sitting at home. We offer 100% online CA-assisted ITR Filing service in India. Filing of taxes within the due date is necessary. Contact us for individual or business ITR. Get in touch with us Your Information is safe with us | ...
ClearTax is one of those refreshingly simple startups that can be described in less than 140 characters: it files income tax returns in India online. When I mention this to its founder, Archit Gupta, he chuckles and agrees. “It’s a simple solution that is working off of this huge sh...
Tax evasion is an illegal activity which entails not filing income tax returns altogether or misrepresenting the tax payable amount. It is different from tax avoidance, which is a legal activity because tax laws are used to reduce the tax amount payable. Tax returns are scrutinized only if ...
Filing income tax returns (ITR) is a crucial duty of every taxpayer in India, ensuring adherence to the nation's tax regulations. It involves detailing all sources of income, deductions, and tax liabilities for a comprehensive report to the Income Tax Department. The last date to file your ...
Filing income tax return in India Any NRI who earn more than INR 2,50,000 in a Financial Year is liable to e-file income tax return in India. NRI's need to e-file income tax returns for the following reasons: To claim a refund ...