Tag Archives: #TaxFormGuidance

What is the applicable tax form for a contractual service provider while filing their ITR?

ITR Applicable Form       However, if the service provider operates as a business entity, the appropriate form may vary: 1. Sole Proprietorship: If you operate as a sole proprietor providing contractual services, you would typically report your business income and expenses on Schedule C (Profit or Loss From Business) or Schedule C-EZ if… Read More »

ITR 3 vs ITR 4 difference?

  ITR 3 vs ITR 4 difference ITR 3 vs ITR 4 difference are two different income tax return forms in India, applicable to different types of taxpayers. Here are the key ITR 3 vs ITR 4 difference.   Applicability: ITR-3: This form is specifically applicable to individuals and Hindu Undivided Families (HUFs) who generate income… Read More »