Tag: Taxation

Digital Signature for Income Tax: Enhancing Security and Efficiency in Filing.

A digital signature is a type of electronic signature used to verify an individual’s electronic papers. For example, a digital signature allows you to file your income tax return more...

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Types of Income Tax Return Filing in India – Which ITR Form to File?

The Income Tax Department offers various ITR forms tailored to different taxpayer groups and income sources. These forms meticulously document your income and tax payments to the government, and they...

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How to Know ITR Refund Status? | A Step-by-Step Guide.

An essential element of the income tax return is the ITR refund status. It reveals the current stage in which your refund is being processed—whether it has already been issued,...

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How to Check ITR Filing Status? | A Step-by-Step Guide.

If you are an individual taxpayer and the total annual revenue exceeds INR 2,50,000, you have to submit your income tax returns. So it must be accomplished in advance of...

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Filing a Belated Income Tax Return: A Step-by-Step Guide and Understanding the Penalties.

The financial year 2022–2023’s income tax return filing due date passed on July 31, 2023. They may submit a late return, commonly referred to as a belated return, when you...

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Documents Needed to File ITR- individuals, Salaried Person and Businesses.

In India, filing income tax returns(ITR) is an obligatory duty for all citizens, employees, and corporations. This is essential for maintaining fiscal transparency and developing the country as well as...

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Importance of LLP Form 8 Filing: Statement of Account and Solvency

All Limited Liability Partnerships (LLPs) registered in India are required to file LLP Form 8 or Statement of Account and Financial stability every year. In Spite of the LLP’s turnover,...

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What Are the Tax Exemptions to Startups by Indian Government and Eligibility to Claim?

Startup India Eligibility The following criteria must be met in order to be considered a startup, according to the Startup India Action Plan: Being incorporated or licenced in India for...

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