Guides on Business Tax Filing

LLP vs Partnership Firm

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.

Corporate Tax in India

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.

Tax Filing for Lawyers

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.

SSI Registration Process

Read this comprehensive guide by H&R Block to learn how medium and small scale industries can obtain SSI or MSME registration certificate.

Section 194I – TDS on Rent

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.

What is Section 194IA

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.

Section 44AE: Tax on Income of Transporters

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 – Minimum Alternate Tax

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.

TDS on Commission or Brokerage u/s 194H

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.

Hindu Undivided Family Act – HUF

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 – Deduction Rules & Payment Methods

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.

Which Business Expenses can be Claimed as Tax Deduction

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.

Books of Accounts to be Maintained u/s 44aa of Income Tax Act

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.

Form ITR 3 For FY 2017-18 & AY 2018-19

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.

Income Tax Return Form ITR 5

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.

ITR 7 – Income Tax Return Form for Trusts

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.

ITR-4s Form for Income Tax Return Filing

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.

Still Have Questions?