NGO Registration

  ITR 5 needs to be filled by Limited Liability Partnership (LLP) Association of Persons (AOP) Body of Individuals (BOI) Partnership firms Limited Liability Partnership (LLPs) If you are a partner in a partnership firm, you are not required to file ITR 5, instead, the partnership firm will file it on your behalf. In order to file ITR-6, the company should be incorporated under the Companies Act, 1956 or 2013. If the turnover, sales, or gross receipts exceed more than Rs.1 crore in the prior financial year the entity must acquire the accounts audited from a certified Chartered Accountant. If the turnover, sales, or gross receipts exceed more than Rs.1 crore in the prior financial year the entity must acquire the accounts audited from a certified Chartered Accountant. #itr5 #itr6 #llp #incometax #tax

Two important terms in the field of environmental compliance: Consent to Establish (CTE) and Consent to Operate (CTO). Consent to Establish (CTE) First, let's talk about Consent to Establish or CTE. This is a legal document issued by the State Pollution Control Board (SPCB) or Pollution Control Committee (PCC) that grants permission to a business to establish and operate its facilities. The CTE outlines the environmental standards that the business must comply with, such as air quality, water usage, and waste disposal. Let's talk about Consent to Operate or CTO. This is a legal document issued by the SPCB or PCC that grants permission to a business to operate its facilities after complying with the environmental standards outlined in the CTE. #ctet #cto #dpcc #compliance #noc #jrcompliance

What is ITR-4? ITR-4 Form is the Income Tax Return form for taxpayers who chose a presumptive income scheme under Section 44ADA, Section 44AD, and Section 44AE of the Income Tax Act. Nevertheless, if the sales of the business cited above exceed Rs 2 crores, the taxpayer will need to file ITR-3.  Eligibility criteria for applying ITR-4  ITR-4 can be listed by a Resident Individual / HUF / Firm (other than LLP) for the following specifications: Individual, HUF, Partnership firm other than LLP. Income from Business and Profession which is calculated on a presumptive basis u/s 44ADA, 44AD or 44AE Other references comprise (excluding Income from Race Horses and gains from the lottery): Interest from Savings Account Interest from Income Tax Refund Family Pension Interest from Deposits Any other Interest Income (for example- Interest Income from an unsecured loan)