Editor penalties ITR Yes, there are Editor penalties ITR if they fail to file their Income Tax Return (ITR) on time. The specific penalties will vary depending on the circumstances. But they can include: 1. Late filing fees: The late filing fee is 1% of the unpaid tax for each month or part of a… Read More »
Deadline for Editors Filling ITR Deadline for Editors Filling ITR In India, the deadline for filing income tax returns (ITRs) for FY 2022-23 is July 31, 2023. However there are also some exceptions to this deadline: 1. Individuals who not required to pay any tax: These individuals can file their ITRs on or before December… Read More »
Implications of Editors Yes, there can be tax implications of editors receive non-monetary perks for their work. This is because the value of these perks considered to income and must reported on their tax return. The specific tax implications will vary depending on the type of perk and the editor’s individual circumstances. However, some… Read More »
ITR exemptions available for Registered Nurses Yes, there are some ITR exemptions available for Registered Nurses (RNs) based on their income level. However, the specific exemptions available may vary depending on the state in which the RN works. Here are some common tax exemptions available to RNs: 1. Standard deduction: Standard deduction is a… Read More »
Tax Exemptions Available for Editors Yes, there are some tax exemptions available for editors base on their income level. The specific exemptions will vary depending on the editor’s individual circumstances, but some common exemptions include: 1. Basic exemption limit: The basic exemption limit is the amount of income that an individual is not requir to… Read More »
RN Need to File an ITR Whether or not a Registered Nurse (RN) needs to file an income tax return (ITR) depends on their income and deductions. In India, all individuals with a taxable income of Rs. 2,50,000 or more are required to file an ITR. There are also some exceptions to this rule.… Read More »
Documents Need to File ITR fro Artist Documents Need to File ITR fro Artist filing Income Tax Return (ITR) in India, there are several important documents you need to gather and include in your filing. These documents help provide a comprehensive view of your income, expenses, and financial activities. Here’s a breakdown of the… Read More »
Chemists Claim Deductions Under Section 80C/80D/80G Yes, a Chemists Claim Deductions Under Section 80C/80D/80G, etc., subject to the following conditions: 1. Section 80C: The maximum deduction under Section 80C is Rs. 1.5 lakh in a financial year. This deduction is available for investments made in various savings schemes, such as PPF, ELSS, NSC, LIC, etc.,… Read More »
ITR Limit for Fuel Resellers ITR Limit for Fuel Resellers yes, there is a threshold limit of ITR filing for fuel dealers. If the fuel dealer’s total income is below ₹2.5 lakhs, they doesn’t requir to file an ITR. However, if the fuel dealer’s total income is above ₹2.5 lakhs, they required to file an… Read More »
ITR Late Filling for Fuel Dealers Yes, there are penalties for ITR late filling for fuel dealers. The penalties vary depending on the amount of tax due and the reason for the delay. 1. Penalty for late filing without reasonable cause: If a fuel dealer files their ITR after the due date without a… Read More »
