1. House ownership: Individual taxpayers who are joint owners of house property cannot file ITR 1 or ITR4. 2. Passport: One needs to disclose the Passport number if held by the taxpayer.
All the existing Charitable and Religious Institutions already registered under Section 12A (Trusts and institutions registered prior to 1996).
Currently, DDT (Dividend Distribution Tax) is paid by the companies before paying a dividend to their shareholders. Therefore, it made a dividend tax free in the hands of shareholders of the Company.
ITC on Building Repair and Maintenance is a matter of confusion among various professionals and subject to litigation.
Of all the problems faced by the MSEs, non-availability of timely and adequate credit at reasonable interest rate is one of the most important.
Under the Startup India Scheme, eligible companies can get recognised as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.