Author: setindiabiz

Filing your Income Tax Return (ITR) is only the first step in closing your annual tax obligations. The most crucial part that follows is e-verification. If you skip this final step, your ITR will be treated as incomplete and invalid, regardless of whether you filed it correctly. This guide explains what income tax e-verification means, why it is important, and the different methods you can use to complete the process smoothly. What is Income Tax e-Verification? Income tax e-verification is the digital procedure through which you confirm the authenticity of the ITR you have filed. Once the return is submitted…

Starting a business is exciting, but the tax part can feel challenging. The good news is that choosing the right business structure can make things much smoother. A sole proprietorship is easy to set up and offers several tax perks that can help you save money and manage your business finances more smoothly. Let’s understand in detail through this write-up how a sole proprietorship has tax benefits. Why Sole Proprietorships Are Tax-Friendly A sole proprietorship is owned and managed by one person. Since the business and the owner are treated as the same entity for tax purposes, the income of…