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HOW TO DETERMINE TAX LIABILITY FOR PROPERTIORSHIP, PARTNERSHIP AND LLP COMPANIES IN INDIA 

The tax liability for Proprietorship, Partnership, and Limited Liability Partnership (LLP) companies in India is determined based on the taxable profits earned by the business during the financial year. Here’s a brief explanation on how to determine tax liability for Proprietorship, Partnership, and LLP companies in India:  Proprietorship businesses are taxed as per the income […]

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WHAT ARE THE PENALITIES FOR DELAY IN INCOME TAX PAID BY INDIVIDUALS AND/OR  COMPANIES 

In India, if an individual or a company fails to pay their taxes on time or files their tax returns after the due date, they may be subject to penalties and interest charges. Here are some of the penalties for delay in tax payments by individuals and companies:  It’s important to note that the penalties

WHAT ARE THE PENALITIES FOR DELAY IN INCOME TAX PAID BY INDIVIDUALS AND/OR  COMPANIES  Read More »

HOW TO DETERMINE INCOME TAX LIABILITIES IN INDIA FOR VARIOUS SEGMENTS 

Determining income tax liabilities in India depends on various factors such as the nature of income, the type of taxpayer, and the applicable tax rates and deductions. Here’s a brief explanation on how to determine income tax liabilities in India for various segments:  For individual taxpayers, the income tax liability is determined based on their

HOW TO DETERMINE INCOME TAX LIABILITIES IN INDIA FOR VARIOUS SEGMENTS  Read More »