Guides on Business Tax Filing
To reduce the tax compliance burden on small taxpayers, the government introduced Presumptive Taxation Scheme under section 44AD and section 44ADA. Find out all you need to about the scheme by reading this guide by H&R Block India.
One of the main difference between LLP and partnership firm is about the liability of partners. In LLP, Partners and firms are considered as a separate legal entity. Hence, Liability of partners is limited to their investment in the firm.
Read this comprehensive guide by H&R Block to understand the tax provisions affecting proprietorships and income tax filing process applicable to them.
The Income Tax applicable to businesses is also known as Corporate Income Tax in India. Read this comprehensive guide by H&R Block to know all about it.
Income tax return filing process for doctors is a bit complicated as they have multiple sources of income. H&R Block's tax guide explains this process.
The process of filing income tax return for lawyers differs. Read this guide by H&R Block India to know more on tax filing for lawyers.
Read this comprehensive guide by H&R Block to find out how you can file Income Tax Return for your small business enterprise.
Tax filing for businesses and professionals have different rules, due dates and forms. Read this guide to know more about business tax filing.
DIN is a unique 8-digit number which every existing or proposed Director of a company is required to possess.
Read this comprehensive guide by H&R Block to learn how medium and small scale industries can obtain SSI or MSME registration certificate.
With the exception of individuals paying rent, anyone paying rent exceeding a specified amount has to deduct TDS under section 194I. Read this guide by H&R Block India on the TDS applicable under section 194I.
The new section 234E is inserted by the Income Tax Department where a person fails to file the TDS/TCS return on or before the prescribed due dates as per Income Tax Act. Read this guide by H&R Block India to know more about penalties under section 234E.
Section 40A(2) empowers AO to disallow payments made by the assessee to relatives/ close associate. In this comprehensive guide by H&R Block, the list of specified person and the substantial interest has been discussed.
It is common practice to transfer immovable property to another. However, when such transactions occur, they are liable to tax. Read this guide by H&R Block India to know more about the applicable taxes under section 194IA.
Insurance companies can deduct TDS on policies over a certain limit. Read this guide by H&R Block to know more about the taxes deducted under section 194DA
Section 35D of Income Tax Act provides for Amortisation of preliminary expenses. In this comprehensive guide by H&R Block India, the deduction calculation and other aspects of section 35D have been explained.
Know how to calculate tds on salary under section 192 of Income Tax act. Read this guide by H&R Block which talks in detail about tds deduction rate and limits.
Operating goods transport business? This guide on section 44AE can solve all your queries in relation to small businesses engaged in plying, hiring and leasing goods carriages. Presumptive Taxation Scheme can be adopted. Get relieved from maintenance of books of accounts and audit.
MAT is a tax that has to be paid by the companies that are enjoying tax benefits or tax exemption under various schemes. Learn more about MAT Credit.
Section 194H of Income Tax Act, deals with deducting tds on commission or brokerage for any payment made to a person who is acting as an intermediary in relation to purchase and sale transactions. In this guide by H&R Block also know about the rate of tds on commission and it should be deducted in which circumstances.
Know what is HUF? How to form an Hindu Undivided Family? What are the advantages and disavantages of forming an HUF? In this detailed guide by H&R Block India you will also learn who are the members of an HUF. Click here to read more!
TDS ( Tax Deducted at Source ) is a concept introduced by the government for collecting taxes at the very source of your income. In this guide by H&R Block, we will discuss in detail about TDS Payment, Due Dates and how to file it online.
Tax deductions can be claimed for a lot of business expenses while filing your Income Tax Returns. In this guide by H&R Block India, all the business expenses are listed down for which you can claim deductions and minimise your tax liabilities.
Certain businesses and professions need to maintain books of accounts and get them audited by a certified Chartered Accountant. Non-compliance with this spells trouble for the taxpayer. Read this guide by H&R Block India to learn about the audit requirements if you carry on a business or profession.
ITR 4 is also known as ITR-4 Sugam. Read this guide by H&R Block to know ITR-4 is for whom and how to file itr4 online.
ITR 3 form is now applicable to business professionals for filing their tax returns. Understand the changes made to the filing of ITR-3 and how to file it.
ITR 5 is an Income Return Form used by LLPs, Association of Persons and Body of Individuals. Understand the structure of this form and how to file ITR 5 in the correct manner by reading this guide.
Income Tax Return form ITR 7 is a form used by trusts to file their annual income tax returns. Learn about the eligibility criteria, filing procedure and much more by reading this comprehensive guide by H&R Block India.
Income Tax Return form ITR 6 is a form used by trusts to file their annual income tax returns. Learn about the eligibility criteria, filing procedure and much more.
ITR-4S Form is for those taxpayers who have opted for the ‘Presumptive Income Scheme’. Read this indepth guide about components of ITR-4S at H&R Block India.