Nil return income tax

Nil return income tax A nil income tax return is filed to show the Income Tax Department that the individual fall below the taxable income, Therefore, did not pay taxes…

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Private Limited Company Tax Rate for 2017

Private Limited Company Tax Rate for 2017 Private limited organization is the most favored kind of business substance in India. Every year about a lakh of organizations are fused in…

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Slump Sale Business in India

Slump sale is basically an act of transferring one business undertaking or multiple business undertakings for a consideration of some lump sum and the process does not assign individual values…

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How E-Filing Income Tax Returns Improves Lives

How E-Filing Income Tax Returns Improves Lives If your income from business, employment or any other gain is above a certain limit, you are responsible to pay taxes to the…

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ELSS INVESTMENT

Tax Saving Mutual Funds Save taxes up to Rs 46,800 Lowest lock-in of 3 years Highest returns out of other 80C options Monthly SIPs investing is recommended Why is ELSS…

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Direct and Indirect Taxes in India

The central Government of a state imposes a mandatory fee on its citizens and other individuals  in form of tax .The tax fee helps in economy building as it caters…

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What is the last date to file income tax return?

The date due for filing Income Tax Returns for a 2017-2018 financial year for Individuals was 31st August 2018. The due dates for the Financial Year 2017-2018 are listed in…

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GST Accounting Entries

All the taxes are to be done related to the GST accounting system. The Goods and Services Tax, simply known as GST will be the one type of tax which…

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A way to Save Income Tax- HUF

There is direct tax system in all the countries. This is termed as Income tax. All the earning individuals are required to pay income tax to the government. Income tax…

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