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Recently Answered Questions

IT website won't take negative values while filling 10 E, what is the way out?

With whatever information you are providing we are assuming it as the amount you paid back to your company. ITR portal won't take negative values. You can show this as deductible in your return based on the reason why you are returning this amount.

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Can I file ITR if my income is negligible?

Any Indian citizen with valid PAN card can file his ITR even if your income does not come under any tax bracket. You can register as a user in ITR portal and file the returns based on the source of your income.

...

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I want to start a subscription box business for snacks. I would get other food manufactures to allow me to add their snacks in my box. What kind of company should I open?

This is completely a business decision you will have to take based on the number of founders in your entity, the scalability of your business etc. Hence you can establish any of the following options to start this business.

 - Sole proprietorship company

 - General Partnership firm 

 - One Person Company

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Can i give some one salary from my saving account as i m not a registred firm

Yes. This is allowed. However, it is better to open a current account in your company's name and then credit your employee's salary from your company's account. You can take any registration like GST, PT etc and open your current account based on this registration certificate.

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I want to start a subscription box business for snacks. I would get other food manufactures to allow me to add their snacks in my box. What kind of company should I open?

This is completely a business decision you will have to take based on the number of founders in your entity, the scalability of your business etc. Hence you can establish any of the following options to start this business.

 - Sole proprietorship company

 - General Partnership firm 

 - One Person Company

...

View answer
Can I file ITR if my income is negligible?

Any Indian citizen with valid PAN card can file his ITR even if your income does not come under any tax bracket. You can register as a user in ITR portal and file the returns based on the source of your income.

...

View answer
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