TDS Explained: A Comprehensive Guide to Tax Deducted at Source Tax Deducted at Source (TDS) is a system introduced by the government of India to collect taxes at the source of income. It is a method of collecting tax from the income of an individual, company, or any other entity, where the tax is deducted […]
Mark Your Calendars: Important Dates and Deadlines for Filing ITR for FY 2022-23 (AY 2023-24) ITR or Income Tax Return is a form that taxpayers in India need to fill and submit to the Income Tax Department every year, declaring their income and taxes paid during the financial year. The last date for filing ITR […]
Understanding the Importance of Filing Income Tax Returns by the Due Date – July 31st Every year, taxpayers in India are required to file their Income Tax Return (ITR) by a certain due date. The due date for filing ITR is determined by the Income Tax Department and varies based on the type of taxpayer […]
I. Introduction II. Understanding the Income Tax Act in India III. Key provisions of the Income Tax Act IV. How Filemydoc can help taxpayers with their income tax filings V. Frequently Asked Questions about the Income Tax Act and Filemydoc VI. Conclusion As for the keywords, you can incorporate them naturally throughout the article to […]
Wealth Tax Returns in India: Understanding the Basics Wealth tax is a type of direct tax that is levied on the net wealth of individuals, HUFs (Hindu Undivided Families), and companies. In India, wealth tax is levied at the rate of 1% on the net wealth exceeding Rs 30 lakh as of 31st March of […]
As a OnePerson Company (OPC) in India, you are required to comply with certain annual compliances to ensure legal and regulatory compliance. Here are the annual compliances for an OPC in India: It is important to note that failure to comply with these annual compliances can result in penalties and legal consequences. Therefore, it is […]
The process for filing a PF (Provident Fund) return involves several steps. Here’s an overview of the process: It’s important to ensure that you file your PF return on time and with accurate information to avoid penalties and legal issues. PF Return Filing FAQs Q.1 What is a PF return? A PF return is a […]
Income Tax Return Guide – Details You Should Know An income tax return is a form that taxpayers file with the government to report their income, expenses, and other financial information for a given year. The government uses this information to determine how much tax the taxpayer owes or how much of a refund they […]
What is the winding up of an LLP? The winding up of an LLP (Limited Liability Partnership) refers to the process of dissolving and liquidating the LLP’s assets and liabilities in order to bring its business operations to an end. This can occur voluntarily or involuntarily and may be initiated by the partners of the […]
A Letter of Undertaking (LUT) is a document that allows exporters to ship goods and services overseas without having to pay Integrated Goods and Services Tax (IGST). Here’s a step-by-step guide to filing LUT in GST: It’s important to note that the LUT is valid for one financial year and needs to be renewed annually. […]