Know the Cost to trademark a name and all the fees required
23 Apr, 2024
Everyone earning less than 2.5 lakhs per year is currently exempt from taxation. As a result, the question arises. Is it necessary for those without tax liability to file an income tax return? This blog will discuss this question and clear your doubts.
To deal with Crypto Tax in India, in the 2022 budget, a new section 115BBH was included. This clause imposes a 30% tax (with applicable surcharge and 4% cess) on Crypto trading earnings starting from 1st April 2022.
The Income Tax Act of 1961 & the Income Tax Rules of 1962 require citizens to file income tax returns with the IT Department at the end of each fiscal year. These gains must be written before the specified deadline.
An audit is required if a proprietorship firm's yearly sales income surpasses one crore. In addition, an audit would be needed if the total gross receipts for the assessment year exceeded 50 lakhs.
The Income Tax Department in India levies an individual's income based on the tax bracket to which they belong. Taxpayers are constantly seeking methods to pay no income tax. They, however, miss out on pay optimization.
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