Web2. ITR-4 (SUGAM) – Applicable for Individual, HUF & Firm (Other than LLP) This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than … WebStart-ups are exempt from income tax on the amount received in excess of fair market value (FMV) of the shares issued to investors. It is pertinent to note that such start-up should be recognized ...
How To Calculate Taxable Income For Sole Proprietorship In India
WebJun 10, 2024 · Tax slab for sole proprietorship firm, wherein, the proprietor is an non-resident individual (below slab applies irrespective of the age of the proprietor) Income tax slab. Income Tax Rate. Up to ₹ 2,50,000. NIL. ₹ 2,50,000 to ₹ 5,00,000. 5% of the total income above ₹ 2, 50,000. ₹ 5,00,000 to ₹ 10,00,000. ₹ 12,500 + 20% of the ... WebOct 10, 2024 · Taxation On Rentals For Tenants. The Income Tax law allows a deduction of House Rent Allowance (HRA) in the case of salaried employees if and only if HRA forms part of the salary. To claim this ... freebulksmsonline.com
Tax Planning Tips For Small Business Owners - HDFC Bank
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