Tax Free Business

Which businesses are Tax Free Business?

100% Deduction is available to individual for carrying on certain specified tax free business. Loss in such businesses can be carried forward indefinitely under Income Tax Act, 1961.  List of above mentioned tax free businesses is specified under section 35AD of Income Tax Act, 1961. We have summarized the same, which is as follows: Setting…

How To Adhere To The Financial Regulations And Enjoy Running Your Business Without Any Legal Trouble.

How To Adhere To The Financial Regulations And Enjoy Running Your Business Without Any Legal Trouble?

Earning money is difficult no doubt. However, it is the process of informing the government that happens to be troublesome. While handling the process of Income tax returns has been considerably simplified thanks to the advent of software and online help, it is the prospect of doing business legally in India that fills you with trepidation. With so many new rules to contend with, you are sure to be lost and left feeling apprehensive of being caught on the wrong foot. […]