Require Documents for File ITR Here are the Require Documents for File ITR: 1. Form 16: This is provided by your employer and summarizes your salary, deductions, and taxes withheld. It’s crucial for reporting your salary income accurately. 2. Salary Slips: These documents detail your monthly earnings, allowances, and deductions. They help cross-check the information… Read More »
ITR Form for Engineers The applicable ITR form for engineers will depend on their sources of income and the total income. The following are the ITR forms that are commonly used by engineers: 1. ITR-1 (Sahaj): This form is for individuals with total income up to Rs. 50 lakh. It is the simplest form… Read More »
Section 44ADA The presumptive taxation scheme of Section 44ADA is applicable for certain professionals who have a total gross income of up to Rs. 50 lakhs in a financial year. This scheme is available to the following professionals: 1.Resident individuals 2.Resident Hindu Undivided Families (HUFs) 3.Partnerships with resident partners However, professionals who have income from… Read More »