Business Entities
- Sole
Proprietorship PartnershipFirm- Private Limited (
Pvt. Ltd.) - Limited Liability Partnership (
LLP) - One Person Company (
OPC)
All the Tags in this Category
Income Tax Filing
Income Tax Filing
3.1 Financial Year vs Assessment Year
Financial Year (FY)- The period between 1 April and 31 March – the accounting year
in which you earn an income
- The period between 1 April and 31 March – the accounting year
Assessment year (AY)- The year that comes
after the FY - The time in which the income earned during FY is
assessed and taxed
- The year that comes
Tax Planning
Tax Planning
Tax Planning
- Tax planning for
Salaried personhas been already discussed - Taxable Income = Salary - Exemption - Deduction
- read here
Below will check tax planning for Professions and Business