List of Post Incorporation Compliances for Private Limited Companies
While you may be excited to start your business after getting obtaining your private limited company registration, the story of compliances does not end here. There are certain post incorporation compliances that you need to take care of. In this guide, we have covered the post incorporation compliances for private limited companies. List of Post […]
Income Tax Rates Slab for FY 2022-23 or AY 2023-24
Under the Income Tax Act, 1961 specific slab rates are provided, on the basis of which tax is levied on the taxpayers. Different slab rates are applicable to different ranges of income as well as different types of taxpayers. These slab rates are often revised in the budget by the finance minister. However, there was […]
Income Tax for the self-employed, BusinessPerson and Freelancers
Income tax for the self-employed, business person and freelancers in India is a complex process. There are many deductions and exemptions that you can claim which will reduce your tax liability. This article will help to demystify the process and provide some tips on how to minimise your tax burden. How Your Income Is Treated […]
Income Tax Filing Using Form 16
Form 16 plays an important role while filing income tax returns for salaried individuals. It forms the basis of proof that the TDS has been deducted by the employer from the salary of individuals. All the necessary information that is required by the individuals for filing their returns is contained in this form. In this […]
Income Tax Calculator – Calculate your taxes for FY 2022-23 -eAuditor Office
What is an Income Tax Calculator? The Income Tax Calculator is a simple tool that can calculate your income tax. It considers your income, deductions and exemptions to calculate the amount of tax you owe. You can use it to estimate your taxes for the current year or previous years. It is important to note […]
Income Tax Assessee under the Income Tax act
Income Tax Assessee under the Income Tax Act The income tax law has assigned a special term for persons whose income is assessed under the income tax act. Such persons are known as ‘assessees’ under theincome tax act. Section 2(7) of the Income Tax Act, 1961 defines the income tax assesses in an explicit manner. […]
Income Tax Assessment
Under the Income Tax Act, 1961 an assessee is a person who pays tax to the government and files income tax returns. Every individual or company or any other person who has earned income during a financial year and on which he has paid income tax is treated as an assessee. Section 2 subsection 7 […]
Important Tax and Compliance Tasks to Manage Your Business
Running a business is not as simple as it seems. It’s not just the selling of products or services like it seems to the outside world. Several things happen behind the scenes of a business and compliance tasks are one of them. These need to be managed to ensure that the business is running smoothly […]
Impact of GST On Small Business Enterprises
We are stepping into the sixth year as the implementation of Goods and Service Tax (GST) was on 01st July 2017. Since its inception, small and medium business enterprises (SMEs) have been engrossed in understanding the potential effects of GST on their business. The small business owners had gone through a lot in this span […]
What is Form 26AS? How to View & Download form 26AS of Income Tax
The income tax law has put in place certain forms to enhance the transparency and reporting of the transactions undertaken by the assessees. It includes Form 26AS of income tax as well as the recently introduced Annual Information Statement (AIS) and Taxpayer Information Statement (TIS). In this guide, we will take a look at what […]