ITR Filling Documents for Lawyer ITR Filling Documents for Lawyer, As a lawyer filing your Income Tax Return (ITR), you’ll need to gather several important documents to accurately report your income and claim deductions. Here’s a breakdown of the filing requirements you should have: 1. Form 16: If you are employed by a law… Read More »
Applicable ITR Form for Artists The applicable ITR form for artists, including those involved in creative fields like music, visual arts, writing, and performance, would typically etermined by the nature of their income and the way they are earning. 1.Form ITR-3: Artists who earn income through their creative work as well as other sources,… Read More »
ITR Necessary for Wholesaler ITR Necessary for Wholesaler Yes, it is generally necessary for new wholesalers in India to file their Income Tax Return (ITR), even if their income is low. Here’s why: 1. Legal Obligation: Under the Income Tax Act of India, individuals and entities with income exceeding the specified threshold are required… Read More »
Advance Tax for Lawyer Advance Tax for Lawyer Yes, a lawyer may need to pay Advance Tax depending on their income and tax liability. It is a system in which individuals required to pay their taxes in installments during the financial year itself, rather than making a lump-sum payment at the end of the… Read More »
Income Tax Documentation Editors should maintain a comprehensive set of Income Tax documentation to support their Income Tax Return (ITR) filing. This documentation helps verify their income sources, deductions, and ensures compliance with tax regulations. Key documents include: 1. Income Records: Editors should keep records of payments received from clients, publishers, or employers for… Read More »
ITR Form for Wholesaler or Content Creators Yes, in India, there is no specific Income Tax Return (ITR) Form for Wholesaler or Content Creators. Both wholesalers and content creators would typically use the relevant ITR forms based on the nature of their income and the type of business they are engaged in. Wholesalers, who… Read More »
ITR Filing Penalties for Wholesaler ITR Filing penalties for wholesaler yes, in India, there are penalties impose on wholesalers if they fail to file their Income Tax Return (ITR) on time. The Income Tax Act of India has provisions to ensure timely compliance with tax obligations. If a wholesaler misses the due date for filing… Read More »
ITR Penaltie for Registered Nurses Yes, there are penaltie for Registered Nurses (RNs) if they fail to file their Income Tax Return (ITR) on time. The penalties for late filing of ITR in India are as follows: 1. A late filing penalty of 5% of the tax due or a minimum of Rs. 2,000,… Read More »
Applicable ITR Form for Architect The Applicable ITR Form for Architect generally relies on the specific characteristics of their earnings and the manner in which their business structured. Architects can have income from various sources such as professional fees, consultancy services, and potentially rental income or capital gains if they have property investments. The… Read More »
ITR form for Doctors There is no specific ITR form for doctors. However, there are certain ITR forms that are more commonly used by doctors. These include: 1. ITR-1: This is the simplest ITR form and is used by individuals with a simple income. Doctors who have a total income of less than Rs.… Read More »
