As a citizen, filing income tax return (ITR) is not just your legal responsibility, but also your civic responsibility. The Government of India has made it mandatory for certain types of persons to file their income tax return. Filing an income tax return (ITR) offers several benefits, both in terms of compliance and practical advantages. In this article we will … [Read more...] about What are the benefits of filing income tax returns in India?
ITR
10 things to remember while filing Partnership firms tax return
Partnership firm's income tax return is required to be filed with the government on or before the due date of filing for each financial year. Income tax return (ITR) has to be filed irrespective of loss or profit of the partnership firm. Filing of partnership firm's income tax return with the tax department is mandatory. Annual income tax return has to be filed even if the … [Read more...] about 10 things to remember while filing Partnership firms tax return
As a director, which income tax return form (ITR) should you file?
If as a director of a company, you are thinking of filing the income tax return form SAHAJ (ITR-1) for your salary income, then read this article before filing.Many taxpayers are confused while selecting the right form for their annual income tax filing.We have 7 different types of income tax return forms (ITRs) prescribed by the government of india for filing annual … [Read more...] about As a director, which income tax return form (ITR) should you file?
Income tax return filing for companies: All you need to know
In India, a company is registered with the ministry of corporate affairs (MCA). Post incorporation, a company becomes a separate legal entity.Permanent account number (PAN), TAN and other statutory certificates including PF and ESI registration, get issued in the name of the company at the time of getting certificate of incorporation. Registration related documents are sent … [Read more...] about Income tax return filing for companies: All you need to know
ITR-5: Income tax return form for partnership firms
Income tax return filing deadline for partnership firms whose accounts are not required to be audited under section 44AB is 31st July. For the previous year 2023-24, the due date was 31st July 2024. For the financial year 2024-25 (assessment year 2025-26), the due date will be 31st July 2025.In case books of accounts are required to be audited by a chartered accountant in … [Read more...] about ITR-5: Income tax return form for partnership firms