LLP tax returns due United States (IRS): In the United States, LLPs that are classified as partnerships for tax purposes generally file Form 1065, U.S. Return of Partnership Income. The due date for partnership tax returns is typically March 15th, but it can be extended to September 15th if an extension is requested.… 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 »
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 »
ITR Filing Last Date ITR filing last date for filing Income Tax Return in India varies depending on the assessment year and the type of taxpayer. As of September 2021, the general due date for most individuals is July 31st of the assessment year. However, please note that tax laws and deadlines are… 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 »
Eligible for ITR file In India, the following individuals and entities are generally eligible for filing an Income Tax Return (ITR): 1.Individuals with taxable income: Individuals who have earned taxable income during the financial year need to file an ITR. This includes salaried individuals, self-employed individuals, professionals, and freelancers. 2.Companies and firms: All companies and… Read More »
ITR filing without tax payment Website link ITR filing without tax payment: Yes, you can file an income tax return (ITR) in India without making any tax payment if you do not have any tax liability for the financial year. The filing of ITR is not dependent on whether you have a tax liability or… Read More »
Partnership Return Signatories Who can partnership return signatories, the partners are generally responsible for signing and filing the partnership tax return. The partnership return is usually filed on behalf of the partnership, reporting its income, deductions, and other relevant information for tax purposes. The partnership return is typically signed by one of the authorized… Read More »
ITR file The filing of Income Tax Returns (ITR) typically starts after the end of the financial year. For individuals, the due date for ITR file is usually 31st July of the assessment year. However, the exact dates may vary depending on the specific assessment year and any extensions or changes announced by the tax… Read More »