Introduction : When it comes to running a proprietorship business understanding how income tax is calculated is crucial. As the sole owner of the business you are responsible for reporting…
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Individuals With Salaried Income Must File Itrs By 2022
Tax returns must be filed by July 31 if they are not required to be audited by the IRS for individuals or salaried employees. The last date to file an…
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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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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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