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 Filling Documents for Architect ITR Filling Documents for Architect in India, you’ll need several documents to file your Income Tax Return (ITR). These documents are crucial for accurately reporting your income and claiming deductions. Here are the list of documents you’ll need: 1. Form 16: This is provided by your employer and shows… Read More »
Architectural Practice The suitable Income Tax Return (ITR) form for an Architectural Practice generally relies on the specific characteristics of their earnings and the manner in which their business is structured. Here’s how you can handle asset depreciation: 1. Understand Depreciation Methods: Familiarize yourself with different depreciation methods, such as straight-line depreciation, declining balance… Read More »
Income Tax Return for Doctors Yes, doctors in India are required to file an Income Tax Return for Doctors if they meet certain income and/or profession-related criteria. These are: Total income exceeds Rs. 2.5 lakhs. Profit percentage is less than 50% and the total income exceeds Rs. 2.5 lakhs. Total receipts for the financial… Read More »
Necessary for New Doctors to File ITR Yes, it is generally necessary for new doctors in India to file an Income Tax Return (ITR) even if their income is low. The reason for this is that the Income Tax Act of India has specific provisions that require individuals, including doctors, to file an ITR if… Read More »
ITR Filing for Editors Job ITR Filing for Editors Job, who have a full-time job and earn additional income from editing activities need to fulfill specific Income Tax Return (ITR) filing requirements. The income earned from their full-time job is usually treated as salary income, while the income earned from editing is considered freelance… Read More »
Deadlines for ITR Filing for Books and Stationery Traders The deadlines for ITR filing for books and stationery traders vary depending on their income and filing status. 1. Individuals with income up to ₹5 lakh: The deadline for filing ITR is July 31, 2023. 2. Individuals with income between ₹5 lakh and ₹10 lakh: The… Read More »
Tax Filing For Physiotherapists The due date of tax filing for physiotherapists like file their ITR depends on whether their accounts are required to be audited. 1. If the physiotherapist’s accounts are not required to be audited, the due date for filing their ITR is 31st July of the following assessment year. For example,… Read More »
ITR Filling Penalties ITR Filling Penalties Yes, there are penalties for physiotherapists if they fail to file their ITR on time. The penalties for late filing of ITR vary depending on the amount of tax due and the reason for the delay. The following are the ITR Filling Penalties for physiotherapists: If the tax… Read More »
ITR for Physiotherapists Here’s what physiotherapists should maintain: 1. Income Records: Physiotherapists should keep records of all sources of income, such as fees received from clients, consultations, workshops, or any other professional services. This can include payment receipts, invoices, bank statements showing deposits, and digital transaction records. 2. Expense Records: Physiotherapists can claim… Read More »
