A Just like other incorporated firms, such as partnerships and corporations, proprietorships are subject to tax on their earnings. The proprietorship is treated in the same way as the owner…
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Tax Return Filing for Businesses, Proprietorships, Salaried and Self-Employed Individuals
The process of preparing an income tax return is a very complicated one for businesses, salaried individuals, and senior citizens. Fortunately, once you understand how to submit your return, you…
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Income Tax For Self Employed
Income Tax in India is imposed by the government on a person called an assessee, according to the Income Tax Act, 1961 and the Income Tax rules, 1962. Specifically, the…
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Income Tax Slabs and Rates FY 2021-22 and AY 2022-23
Depending on your net taxable income, you will have to pay income tax. Income tax is a tax levied on your net taxable income. A person includes you, a Hindu…
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How To Fill Out A Sole Proprietorship Tax Form
If you are a sole trader, you are the only person doing the work. When you are not marketing, you are tracking inventory or converting leads into customers. In addition…
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ITR filing: How to file Income Tax Returns for Businesses?
How do I know if I’m eligible to file an income tax return? Those whose income exceeds the prescribed limit (Indian residents and NRI) – Required. Owner-operators Organizations In any…
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The ITR filing process for businesses: How do I do it?
An organization’s income and expenditure must be reported to the Income Tax department through the filing of business tax returns. Business owners must file income tax returns every year, whether…
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Sole Proprietorship Firm Compliances Online in India
An overview of sole proprietorship firms Essentially, a sole proprietorship is a business owned and managed by its owner. In the eyes of law, they are treated together as a…
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The Penalties For Not Paying Tax On Time Professional Tax
Salaried individuals are required to pay professional taxes, which are enforced by state governments. Professional taxes are assessed based on the occupation, trade, or profession of the individual. All states…
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Everything you need to know about Professional Tax
Currently, this deduction is around 200/- Rs under the professional tax bracket every month when you see your pay slip. There are varying levels of professional taxes, with some states…
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