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Updated by Itax Info on Jun 15, 2021
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File Your Taxes With Online Income Tax Return Services

Filing taxes online has several benefits and that is why, most people have been using this option instead of paper filing. According to the IRS, more than 70 million people will be filing their taxes online this year. And the majority of them will use the do-it-yourself method offered by the IRS approved online income tax preparation services. Article Source: For more information visit our website.

What is TDS Return?

TDS - A tax deduction at source is the amount deducted from your income from employers, institutions, government institutions or any other source from where you receive your income. This is deducted as you are meant to pay the tax before hand. For more information visit our website:

What is One Person Company?

One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two members. OPC is the simplest concept introduced under the Companies Act, 2013. The concept has definitely swayed its way from sole proprietorship. Hence, in India the perplexities of the two concepts seem to be interchangeable, same and even different at the same time. The understanding of the concept as a whole hence has become essential.

Get Online GST Registration With India Tax

In the GST system, any standard business needs to record two month to month returns and one yearly return. This adds up to 26 returns in a year. The excellence of the framework is that one needs to physically enter subtleties of one month to month return – GSTR-1. The other return GSTR 3B will get auto-populated by getting data from GSTR-1 recorded by you and your merchants.

EPF (Employee Provident Fund)

The Employee Provident Fund (EPF) is a scheme that helps people save up a sufficient corpus for retirement. The plan was introduced with the Employees’ Provident Funds Act in 1952 and is today managed by the Employees’ Provident Fund Organisation (EPFO).

What is Public Limited Company?

A Public Limited Company (PLC) is a separate legal business entity which offers its shares to be traded on the stock exchange for the general public. According to the regulations of the corporate law, a PLC has to compulsorily present its financial stats and position publicly to maintain transparency.

Goods and Services Tax (GST)

Products and Ventures Tax (GST) is a backhanded duty (or utilization charge) utilized in India on the gracefully of merchandise and enterprises. It is a far reaching, multistage, goal based assessment: exhaustive on the grounds that it has subsumed practically all the circuitous charges with the exception of a couple of state charges. Multi-arranged for what it's worth, the GST is forced at each progression in the creation procedure, however is intended to be discounted to all gatherings in the different phases of creation other than the last purchaser and as a goal based expense, it is gathered from purpose of utilization and not purpose of inception like past duties.

Employees' State Insurance Corporation

Employees' State Insurance Corporation dispenses the benefits of availing social security and provide health insurance scheme to workers. It is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948.

Difference Between NGO/TRUST Company

NGO” stands for “Non-governmental Organization” while “trust” is the word trust itself. NGO are responsible for the promotion of certain causes whether it is in health, education, labor, environment, and other fields of life. Trusts, on the other hand, are when a person wants his or her properties and money to be managed by a certain body which is a trust. Trusts also assist in doing charitable work for the entire body of mankind whether it is medical, educational, labor, etc.

What is TDS?

TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits.

Filing Income Tax Return India

Income tax return’ is a form in which taxpayers declare details of income, deductions, exemptions, and taxes payable on their taxable income. Filing income tax returns is mandatory to claim tax deductions under Section 80C, 80D, etc. and other eligible exemptions like long-term capital gains exemptions, which may eventually bring your taxable income to zero.

How to Apply Trademark Registration Online?

A trademark can be defined as the unique identity that makes your product or service stand out from the rest. The unique identity or expression can be a logo, photograph, slogan, word, sound, smell, colour combination or graphics. Most of the businesses usually look for registration of logo or name only. If you have come up with a unique idea or logo, then the only way to protect it as your own unique identity is to patent it. A registered trademark is your business’s intellectual property or intangible asset. It acts as a protective cover of the company’s investment made in the logo or brand.

Income Tax Return Filing

Income Tax Return can be filed online through these forms. An individual would also require to verify their Form 26AS for TDS and other deductions during the e-verify process. You can check your Income Tax Return Status through their official website. When the process is successful, a confirmation message would be sent to your e-mail and PAN registered mobile number.

Goods And Services Tax (GST)

In other words,Goods and Service Tax (GST) is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is a single domestic indirect tax law for the entire country. Before the Goods and Services Tax could be introduced, the structure of indirect tax levy in India was as follows:


It offers workers various medical, monetary and other benefits. It is compulsory for
all companies having more than 10 employees who draw a maximum monthly salary of ?15,000

india tax

INDIA TAX INFO PVT. LTD. is a premier professional services firm that strives to add value to the business of their clients. Founded in 2009, the group provides a wide gamut of services in the financial space which range from Entry Level Strategy, Taxation, GST, Assurance, Consulting, Mergers and Acquisition to Corporate Financial Advisory.

What is Employees’ State Insurance Act?

IThe Employees State Insurance Act covers several classes, these clauses provide medical benefits and insurance for any employee working in factories registered under the ESI Corporation. This is an exciting prospect from both an employee and legal point of view as the beginning of a formal social security program in India for more information visit our website.

Filing Income Tax Return by India Tax

Income Tax Return (ITR) is a form in which the taxpayers file information about his income earned and tax applicable to the income tax department. The department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 till date. Every taxpayer should file his ITR on or before the specified due date. The applicability of ITR forms varies depending on the sources of income of the taxpayer, the amount of the income earned and the category the taxpayer belongs to like individuals, HUF, company, etc.

Online Proprietorship Firm Registration by India Tax

As the proprietorship firm registration has almost no definition, besides that given to it by one of the many licenses you can take to get one (SSI or GST registration, for example), transferring the business to a private limited company is easy. All you need to do is go ahead and start a private limited company and submit an agreement between the sole proprietor and the private limited company, declaring that all the assets are to be transferred to the latter.


The One Person Company (OPC) in recent times was launched as a good refinement over the sole proprietorship. In OPC, a single promoter gains full authority over the company thereby restricting his/her liability towards their contributions to the enterprise. Therefore, the said person will be the sole shareholder and director (however, a director nominee is present, but has zero power until the real director proves incapable of getting into the contract). Also, there can be no opportunity for contributing to employee stock options or equity funding. Additionally, if an OPC company has an average hattrick turnover of Rs. 2 crores and over or acquires a paid-up fund of Rs. 50 lakh and over, it has to be converted to a private limited company or public limited company within six months

what is partnership-firm?

A Partnership Firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. This structure is thought to have lost its relevance since the introduction of the Limited Liability Partnership (LLP) because its partners have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for General Partnerships. Contact our INDIA TAX experts now to know the recent partnership deed format. Also, partnership firm registration online can be done with a few documents in simple steps

How To Register a Nidhi Company?

Belonging to the classification of non-banking business firms and identified below Section 406 of the Companies Act, 2013, it is regulated by the central government. The basic business of such a company is to facilitate lending money between the core members of the company. Examples of a Nidhi Company are permanent funds, mutual benefit funds, a mutual benefit company and benefit funds. The main concept behind developing a Nidhi Company is to obtain cash deposit from associates or contribute to them, for the common gain of the two parties.

What is Digital Signature System?

Digital Signature System is a process that guarantees that the contents of a message have not been altered in transit. When you, the server, digitally sign a document, you add a one-way hash (encryption) of the message content using your public and private key pair. Your client can still read it, but the process creates a "signature" that only the server's public key can decrypt.

What is School Management System?

India tax school management system is the best education management software for educational institutions. It is designed to manage a school, college or coaching institute, it is a complete school ERP which helps the school to make all aspect of school management easy through the school app or web app. Parent Teacher Communication has been simplified by the app which provides homework, attendance management, teachers' notes, fee management, time table management and messaging all at the same school.

India Tax

INDIA TAX INFO PVT. LTD. is a premier professional services firm that strives to add value to the business of its clients. Founded in 2007, the group provides a wide gamut of services in the financial space which range from Entry Level Strategy, Taxation, GST, Assurance, Consulting, Mergers and Acquisition to Corporate Financial Advisory.

What is TCS Calculator?

Tax collected at source (TCS) is a tax payable by a seller, which he collects ... Goods falling under the TCS provisions and the rates applicable to them ... use of our tax calculator software, HRA claims Please check the status, return and.