Tag Archives: #IncomeTax

What is the process for e-filing ITR for physiotherapist, and what are the steps involved?

E-Filing ITR for a Physiotherapist   The process of e-filing Income Tax Returns (ITR) for a physiotherapist involves several steps to ensure accurate reporting of income and deductions. Here’s a breakdown of the process: 1. Gather Relevant Documents: Collect all necessary documents, such as Form 16 (if employed), receipts of professional fees earned, bank statements,… Read More »

What is the process for e-filing ITR for interior designers, and what are the steps involved?

InteriorDesigners ITR Process   E-Filing ITR InteriorDesigners ITR Process for  is as follows: Go to the Income Tax Department website and create an account. Select the appropriate ITR form for your circumstances. Enter your personal and financial information in the ITR form. Attach the required documents. Verify your ITR and pay the taxes due, if any.… Read More »

What are the ITR filing requirements for interior designers who also have a full-time job?

ITRFiling for InteriorDesigners   Here’s a breakdown of the situation: 1. Total Income Calculation: The first step is to calculate the total income, which includes both the salary from the full-time job and the income earned as an interior designer. This income can come from consultation fees, project earnings, or any other relevant sources. 2.… Read More »

Tax planning with reference to capital gain?

Capital Gain   capital gain Introduction: Tax planning plays a crucial role in managing one’s financial affairs and maximizing after-tax income. which arise from the sale of assets such as stocks, real estate, or businesses, are subject to taxation. However, with effective tax planning strategies, individuals and businesses can optimize their capital gains tax liability… Read More »

Tax planning with reference to amalgamation of companies?

Amalgamation of companies Amalgamation of companies “Tax Planning in Company Amalgamations”: Tax planning, within the context of amalgamation of companies, refers to the strategic approach of structuring the transaction in a way that minimizes the tax implications for the participating companies and shareholders. Here’s a unique perspective on tax planning with reference to company amalgamations:… Read More »

Tax planning with reference to dividend policy?

Dividend policy Tax planning with reference to dividend policy involves structuring the payment of dividends in a tax-efficient manner. Here are some key tax planning considerations in relation to dividend policy: Dividend Distribution Tax (DDT): In certain jurisdictions, companies are required to pay DDT on the distribution of dividends. Tax planning can involve assessing the… Read More »