Private Limited Company Registration

  Understanding the basics of ITR for salaried individuals Income Tax Return (ITR) is a statement of your annual income that you file with the Income Tax Department of India. It helps the government keep track of the tax paid by individuals and organizations and ensures that the taxpayers are paying the correct amount of tax. As a salaried individual, you must file your ITR if your income exceeds the basic exemption limit of ₹2.5 lakhs per annum. Eligibility Criteria If you are a salaried employee, you are eligible to file ITR if your total income, including salary, house property, and other sources, exceeds the basic exemption limit of ₹2.5 lakhs per annum. If your income is below the basic exemption limit, you are not required to file ITR, but it is always advisable to file ITR as it helps you in getting a refund, if any, from the government. itr for salaried person Documents Required To file ITR for salaried individuals, you need the following documents: PAN card Bank statements...

  Cryptocurrencies have gained a lot of popularity in recent years, and many people are investing in them for trading purposes. However, it's important to understand the tax implications of trading in cryptocurrencies to avoid any legal issues. In this blog, we will discuss the tax on crypto in India and provide some tips on how to stay compliant with taxation laws while trading in cryptocurrencies. Tax on Crypto in India The Indian government does not recognize cryptocurrencies as legal tender, but they are treated as assets for taxation purposes. Any income generated from trading in cryptocurrencies is subject to income tax, just like any other source of income. The tax on crypto in India is based on the trader's income tax slab, which means that the tax rate varies based on their income. asking them to pay taxes on their earnings. The income tax department treats cryptocurrencies like any other investment and taxes them accordingly. Tax on Cryptocurrency in India The income ...