To make tax compliance easier, the Income Tax Department has divided taxpayers into groups. This categorization is based on income and sources of income. In India, ITR 1 returns are filed by those with an annual income of up to Rs.50 lakh. This article provides a detailed explanation of...
Companies issue stock to raise funds for a variety of reasons, including expanding their business, paying off debts, and so on. Regardless of the size or kind of business, every firm must classify its share capital in the financial statement under numerous categories. Authorized Share Capital Vs Paid Up...
In Mumbai, all companies registered under the Companies Act 2013 of the Companies Act 1956, regardless of their structure, must file ITR 6 returns. Companies earning revenue from a charity or religious institution, on the other hand, are excused from filing ITR 6 forms under Section 11. How to...
All taxpayers in Mumbai are required to file an income tax return Mumbai based on the amount of money they earn in a particular fiscal year and the kind of company they belong to. A firm, a limited liability partnership, an association of persons, a body of individuals, the...
Individuals with an annual income of less than Rs.50 lakh must file ITR 1 in Mumbai. Taxpayers in Mumbai who file ITR 1 can choose between the existing and new tax regimes. Taxpayers now have the option of choosing between the existing and new tax regimes. The choice should...
Individuals and Hindu Undivided Families with income from pay or pensions, residential property, capital gains, income from overseas assets, company or income from a profession as a partner, as well as other sources such as lottery racehorses and legal gambling, can submit their ITR 2 in Mumbai. In Mumbai,...
If you are a GST registered business, you must file GST returns according to the government's deadlines. GST-compliant purchase and sales invoices are necessary to file a GST return. The information on purchase, sale, output GST (on sale), and input tax credit is included in the GST return. GST...
Since partnerships are the most frequent form of company organisation, registration of a partnership firm takes place in Bangalore. A partnership structure is one in which the company is formed by more than two people. They've agreed to split both the gains and losses. Many parts of Bangalore, such...
The authorised digital signature is an encrypted one. As a precursor to the physical signature, Bangalore offers Digital Signature Certificates. The only difference is that it's delivered digitally instead of physically. The DSC registration has no eligibility requirements. The DSC registration process is similar to that of an online...
In India, a Private Limited Company is one of the most frequent business structures. The Directors of a private limited company play a significant role during the incorporation and post-incorporation processes. In this post, we'll go over everything you need to know about being a director of a private...
