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Filing income tax return using ITR-5

May 24, 2024
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What is ITR-5 Form? This income tax return is designed for various entities, including firms, LLPs (Limited Liability Partnerships), AOPs (Associations of Persons), BOIs (Bodies of Individuals), AJPs (Artificial Juridical Persons), estates of deceased individuals, estates of insolvent individuals, business trusts, and investment funds. You can view the latest ITR-5 form from the Income Tax […]

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Filing income tax return using ITR-4

May 24, 2024
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What is ITR-4 Form? ITR-4 is the Income Tax Return form for those who choose the presumptive income scheme under Sections 44AD, 44ADA, and 44AE of the Income-tax Act, 1961. However, if your business turnover exceeds ₹2 crore, you’ll need to file ITR-3 instead. The Eligibility Criteria for file ITR 4 for AY 2024-25: Individuals/HUF/Partnership […]

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Filing income tax return using ITR-3

May 23, 2024
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What is ITR-3 Form? Think of ITR-3 as your go-to form if you’re an individual or part of a Hindu Undivided Family (HUF) earning profits from business or profession. It’s like a master form because it’s where you can report all your different streams of income. Whether it’s from your business ventures, freelance gigs, or […]

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Filing Income Tax return using ITR-2

May 22, 2024
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What is ITR-2 Form. Individuals or HUFs who do not earn a profit or gain from their business or profession and for whom ITR-1 does not apply must file ITR-2 and are known as ITR 2 file form. The Eligibility Criteria for file ITR 2 for AY 2024-25:   The ITR-2 form is for individuals […]

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Filing income tax return using ITR-1 on e-filing portal are:

May 22, 2024
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Filing income tax return using ITR-1 on e-filing portal are: What is ITR 1 File? For those with salaries, pensions, family pensions, and interest income, the Income Tax Return Form for salaried individuals is the ITR-1 Form, sometimes known as Sahaj. The Eligibility Criteria for file ITR 1 for AY 2024-25: ITR-1 (SUGAM) is a […]

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Social Stock Exchange

April 11, 2023
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Social Stock Exchange is a concept introduced by the government of India in 2022 through amendment in SEBI (ICDR) Regulation, 2018. The amended regulation is called Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2022. Social Stock Exchange has been introduced to enable Social enterprises involved in charitable […]

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Employee State Insurance

March 29, 2023
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Employee State Insurance (ESI) is a social security and health scheme and is so administered by the Employee State Insurance Corporate (ESIC), a statutory body enacted by the Government of India. It falls under the purview of Ministry of Labour and Employment and seeks to provide benefits to employees and their dependants in case of […]

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Employee Provident Fund-What it is , what are the Benefits?

March 29, 2023
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Employee Provident Fund (EPF) is a statutory fund created and regulated by the Government of India through Employee’s Provident Fund Organization (EPFO), a body corporate. It is a social and financial security scheme which helps commoners, mainly salaried employees, to build a large sum to be spent for various uses after their retirement. EPF contributions […]

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PARTNERSHIP DEED-SPECIMEN

July 21, 2021
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                                              PARTNERSHIP DEED                                     (As per PARTNERSHIP Act, 1932) THIS Agreement of PARTNERSHIP made at ____________________ […]

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Non-Applicability of E-Invoicing

July 21, 2021
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As per the  GST Notification No. 13/2020- central tax dated 21st March 2020 , following person are not required to Generate E-invoicing:- An insurance company A banking company Financial Institution NBFCs GTA Supplier of passenger transportation services Supplier of services by means of admission into the exhibition of cinematograph films in multiplex screens Special Economic […]

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