When are LLP accounts due The due date for filing LLP accounts can vary based on the jurisdiction and the regulations pertaining to LLPs in a particular country. Here are some general guidelines to consider, keeping in mind the potential variability: United Kingdom (Companies House): LLPs in the United Kingdom are required to file… Read More »
No statutory dues certificate Understanding the Significance A ‘No Statutory Dues Certificate’ issued by a Chartered Accountant serves as a declaration that the company has met all its statutory obligations concerning taxes, duties, and other dues within the stipulated timelines. This certificate is not merely a formality but a rigorous assessment of financial records… 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 Filing is Mandatory Income tax return (ITR) filing is mandatory in several situations in India. Here are ten common scenarios where individuals are required to file their ITR: ITR filing is mandatory in 10 situations: 1. Income above Basic Exemption Limit: If your total income before claiming any deductions exceeds the basic exemption… 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… Read More »
ITR Filing Last Date What is the Last Date for Filing ITR? Filing your Income Tax Return (ITR) on time is crucial for avoiding penalties and ensuring compliance with tax regulations. Understanding the last date for ITR filing helps you manage your finances and avoid last-minute stress. Here’s a quick guide to the… Read More »
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 »
How to open ITR file To open an Income Tax Return (ITR) file, you can follow these steps How to open ITR file Save the ITR file: Ensure that you have the ITR file saved on your computer or device. The ITR file typically has an XML format and is generated when you complete the… Read More »
ITR filing of individual ITR filing of individual: To file your Income Tax Return (ITR) as an individual, you can follow these steps: Gather your documents: Collect all the necessary documents, including your PAN (Permanent Account Number), Aadhaar card, bank statements, Form 16 (if applicable), investment statements, and other relevant financial documents. Determine the… Read More »
ITR with form 16 ITR with form 16, to file your Income Tax Return (ITR) using Form 16, which is a certificate issued by your employer summarizing your salary income and tax deductions, you can follow these steps: 1. Gather your documents: Collect all the necessary documents, including your Form 16 and other relevant… Read More »
