Investing in commercial property represents a major financial move. Understanding how rental income from such properties is taxed is crucial to maximizing returns. Below, we’ll explore the key points on rental income taxation from commercial property, accompanied by an example to clarify the calculation process. Defining Rental Income from Comme

Introduction In the world of IT and software exports in India, comprehending the divide between STPI (Software Technology Parks of India) and Non-STPI registrations is essential. Both pathways offer unique advantages and cater to different business needs, with varying compliance demands. This guide delves into their differences, helping you decide

The Income Tax Department’s e-Nivaran platform is an online solution aimed at helping taxpayers resolve their tax-related concerns. Whether it's issues with tax filings, refund delays, or other tax-related disputes, e-Nivaran allows taxpayers to submit grievances and track the status of their complaints efficiently. Submitting a Grievance: Two A

Income Tax Return (ITR) is a form that individuals and businesses use to report their income, tax liabilities, and other financial details to the Income Tax Department. Under India’s Income Tax Act and Rules, it is mandatory to file your ITR at the end of each financial year. The form you use depends on your income type and category. Filing yo

When a person passes away, their legal heir or representative becomes responsible for filing their income tax return for the income earned up to the date of their death. This process can be complex and emotionally challenging, but with the right information and guidance, it can be managed effectively. Identifying the Legal Heir The first step i