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 »
ITR Filing for Fashion Designers ITR filing for Fashion designers typically need to file their income tax returns using Form ITR-4 (Sugam) if they are running their design business as a sole proprietorship or as a partnership firm. Form ITR-4 is meant for individuals and Hindu Undivided Families (HUFs) who have opted for the presumptive… Read More »
ITR Form for the Chemists The applicable Income Tax Return (ITR) form for chemists would depend on the nature of their income and the type of business they are engaged in. Chemists, often engaged in retail sales of pharmaceutical products, may need to consider the following options: 1. Form ITR-3: This form typically… Read More »
Applicable ITR Form for Lawyer The applicable Income Tax Return (ITR) form for a lawyer depends on the nature of their income, the type of legal practice they can engag in, and their sources of income. Generally, a lawyer would likely need to file their return using the ITR-3 or ITR-4 form. 1. ITR-3… 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 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 »
LLP ITR filing requirements Limited Liability Partnerships (LLPs) have gained popularity as a flexible and advantageous business structure for entrepreneurs and small businesses. However, like any other business entity, LLPs are subject to certain income tax filing requirements imposed by the tax authorities. Let’s explore this topic to understand the intricacies of LLP ITR… Read More »
ITR filing for freelancers ITR filing for freelancers, Freelancers in India are typically classified as self-employed individuals, and they are required to file their income tax return (ITR) using the appropriate ITR form based on their income and nature of work. Here are some key points to consider for ITR filing for freelancers: Choose the… Read More »
ITR for self employed For self-employed individuals in India, the Income Tax Return (ITR) form to be filed depends on the nature and source of income. Here are the common ITR forms applicable to different types of self-employed individuals: ITR-3: This form is applicable if you have income from business or profession as a partner… Read More »
ITR for non-salaried person For non-salaried individuals in India, the Income Tax Return (ITR) form to be filed depends on the nature and source of income. Here are the common ITR forms applicable to different types of non-salaried individuals: ITR-1 (Sahaj): This form is applicable if you have income from salary, one house property,… Read More »