Tag Archives: #TaxFilingExperts

Which ITR file for salaried person?

ITR for salary and share trading

  ITR for Salaried Person   For salaried individuals, the applicable Income Tax Return (ITR) form in India is typically ITR-1 (Sahaj) or ITR-2. The choice between these forms depends on certain factors such as the level of income, the presence of other sources of income, and the eligibility for specific ITR forms. Here’s a… Read More »

Who can sign a Partnership Return?

Partnership return signatories

Partnership Return Signatories   What Is a Partnership Return? A partnership is a business entity where two or more individuals agree to share the profits, losses, and management of the company. Partnerships don’t directly pay federal income tax. Instead, they file Form 1065 with the IRS to report their financial activities. Afterward, individual partners report… Read More »