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EXEMPTIONS: Income Based and Age Based Age-Based Exemptions – If you’re over 65 years old and own a home, you may be eligible for a senior citizens property tax exemption. So Getting Land Registry has some Exemptions with Property Registration Process. This will reduce your annual property taxes by 50 percent. Income-Based Exemptions – If … Read More “Online Land Registration Exclusive Exemptions” »
When Is a Non-Disclosure Agreement Required? While there are no rules written in the law governing when an NDA should be used, it is important to know when it is necessary. The Non Disclosure Agreement is Very Crucial for Business. Generally, NDAs are used when one party is sharing information that they don’t want revealed … Read More “Times When Non Disclosure Agreement Helps in Business” »
Is it necessary to file income tax returns? A large number of Indians are unaware of the importance of filing an ITR. In this article, we discuss the importance of filing an ITR – you will know why ITR filing is so important after reading the article. This article isn’t just about declaring, paying, and … Read More “Why File Income Tax Returns? Benefits of Filing Income Tax Returns” »
It will only take a little over a week for individuals to file their income tax returns without incurring any penalties. It is important that you file your income tax return by the end of this month if you wish to avoid paying any penalty charges. For assessment year 2018-19 (financial year 2017-18), individuals have … Read More “Tax Returns Must Be Filed by the End of the Month” »
How does an ITR work? Taxpayers like you and I declare our tax liabilities, claim tax deductions, and report gross taxable income via an Income Tax Return. Your Income Tax Department handles that as an assessee. In a financial year (1 April through 31 March), if you earn more than a certain amount, you must … Read More “What Are the Reasons for Filing an ITR?” »
As we will see, many individuals dismiss tax filing as unnecessary and burdensome. Perspectives like this are not healthy. All citizens of the country are expected to file tax returns each year as part of their moral and social obligations. The government uses it to determine the amount and means of expenditure of citizens, and … Read More “The 5 Reasons You Should File Income Tax Returns” »
It doesn’t have to be challenging to file income taxes. We want to let you know right away that income tax filing today is nothing like carrying hundreds of papers and organizing everything like students do before an exam. In India, electronic filing (e-filing) offers a host of conveniences as well as the opportunity to … Read More “Online Filing of Income Tax Returns in India 2022-23 – How To Do It” »
Trust Registration Overview Trust Registration in India is a process of obtaining permission for a Trust Deed from the Registrar of the respective jurisdiction. A Trust Deed is a legal contract between the Settlor and Trustee, and this is the primary requirement in the process. Trust registration in India is done by the Trust Act, … Read More “Trust Registration Requires a Few Vital Documents” »
Registration of Trusts During the online trust registration process in India, the first step is to draft a trust deed as it is the first requirement. To register a charitable trust, a trust deed is a mandatory document, which is why charitable registration is also known as trust deed registration. By way of the Indian … Read More “Before Registering a Trust, You Should Know the Following” »
First and foremost, savings is important for every individual if you want to set yourself up for future financial success. The NBFCs like Nidhi Company or eNidhi are necessary to maintain that balance in money circulation. Whether it’s retirement, college tuition, or an emergency fund, savings are an integral part of any financial plan. Make … Read More “Why Every Individual needs to Save With NBFCs?” »
