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 »
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 »
15CA and CB certificate The 15CA and CB certificate are documents required by the Indian government for certain types of international transactions. Here’s an explanation of each certificate: Form 15CA: This form is a declaration of remittance under Section 195(6) of the Income Tax Act, 1961. It is require for any payment or transfer of… 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 »
Who needs to file an ITR Individuals and entities that are liable to pay income tax in India are required to file an Income Tax Return. Let’s define Who needs to file an ITR Filing Income Tax Returns is necessary because it’s a legal requirement and it helps to declare income accurately, calculates tax liability,… 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 »
ITR for capital gains If you have capital gain, you will generally need to file ITR-2. Income Tax Return-2 is applicable for individuals and Hindu Undivided Families (HUF) who have income from sources other than business or profession. These are typically categorized as “Income from Capital Gains” in ITR-2. However, it is important to… Read More »
Where to file ITR Where to file ITR, Income Tax Returns (ITR) in India can be filed electronically through the official website of the Income Tax Department of India, known as the e-Filing website. Here are the steps to file ITR in India: 1. Visit the e-Filing website: Go to the official e-Filing website… Read More »