Month: October 2022

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View Blogs in English Income Tax And Estate Planning Services

FILING OF INDIAN INCOME TAX RETURN FOR BUSINESSES BY OCTOBER 31

FILING OF INDIAN INCOME TAX RETURN FOR BUSINESSES BY OCTOBER 31

➡️ Who is required to file Income Tax Return by October 31?

1️⃣ All companies

2️⃣ All Partnership firms required to audit their books of accounts and their partners

3️⃣ All other firms required to audit their books of accounts.

➡️ Is it mandatory to file Income Tax Return ?

It is mandatory to file Income Tax Return if:

1️⃣ The Income exceeds Rs. 2.5 lakhs during the year (before giving effect of deductions under Chapter VI-A and certain capital gains exemptions)

2️⃣ Following categories of persons irrespective of the income:

▪️ If you have assets outside India or

▪️ Deposited an amount exceeding Rs.1 crore in current account/s by any mode during the year or

▪️ The deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or more during the previous year or

▪️ If his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees during the financial year; or

▪️ If his total gross receipts in profession exceeds ten lakh rupees during the financial year; or

▪️ If the aggregate of tax deducted at source and tax collected at source during the financial year, in the case of the person, is twenty-five thousand rupees or more; or

▪️ Incurred electricity expenditure in aggregate exceeding Rs.1 lakh or

▪️ Incurred an expenditure exceeding Rs. 2 lakh on travel out of India from bank account/s for himself or any other person.

3️⃣ Any taxable capital gain is realized during the year (Irrespective of basic tax slab exemption i.e. 2.5L).

4️⃣ In case of any Partnership firms or companies.

In other cases, it is not mandatory to file an Income Tax Return. However, one may choose to voluntarily file it because of several advantages.

➡️ What are the advantages of voluntarily filing Income Tax Return?

▪️ Claiming refund of any taxes which have been withheld (TDS deducted).

▪️ Carry forward losses for claiming set-off against future year incomes.

Contact us at the earliest to file your Income Tax Returns and become a compliant and proud Indian.

Ashutosh Financial Services Pvt. Ltd.
•Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com

Mobile: +91 73835 30919 / 93773 35959
Email: vrm@ashutoshfinserv.com

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View Blogs in English NRI Services

BEST TIME FOR NRI TO DIVERSIFY INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET

BEST TIME FOR NRI TO DIVERSIFY INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET 📈📊 🔳 In the last one year (as on 07-10-22), the U.S.A. financial markets represented by S&P 500 and NASDAQ 100 indices have declined by 17.28% and 22.90% respectively. 🔳 Further, the renowned technology stocks such as Meta (Earlier Facebook), Amazon, Apple, Microsoft & Tesla have also reached a very attractive price point which makes it a lucrative chance to invest at this point. 🔳 Hence, the valuation of U.S.A. stock market makes it a great opportunity to invest and fetch the maximum benefits in the longer run. 🔳 Indian Stock Market is definitely a promising one, but it is always worthwhile to become a global investor to avoid single country & single currency risks. ➡️ To invest in U.S. markets, visit our platform: https://ashutoshfinserv.vested.co.in/ ➡️ The detailed explanation can be obtained from the presentation in the PDF file available in the following link or the YouTube video links stated below:
Investment in Foreign Equity
Link of English language explanatory video: Link of Gujarati language explanatory video: NRI Services Ashutosh Financial Services Pvt. Ltd. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.nrifintax.com Mobile: +91 72288 48181 / 7043593388 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_NRI_FinTax at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world. Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith.
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View Blogs in English Investment Services

BEST TIME TO DIVERSIFY YOUR INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET

BEST TIME TO DIVERSIFY YOUR INVESTMENTS GLOBALLY BY INVESTING IN U.S.A. STOCK MARKET 📈📊 🔳 In the last one year (as on 07-10-22), the U.S.A. financial markets represented by S&P 500 and NASDAQ 100 indices have declined by 17.28% and 22.90% respectively. 🔳 Further, the renowned technology stocks such as Meta (Earlier Facebook), Amazon, Apple, Microsoft & Tesla have also reached a very attractive price point which makes it a lucrative chance to invest at this point. 🔳 The U.S. dollar has also appreciated against the Indian Rupee by 8.13% in the past six months (as on 07-10-22) and by 4.64% in the past three months. 🔳 Hence, the valuation of U.S.A. stock market coupled with the currency gain prospects makes it a great opportunity to invest and fetch the maximum benefits in the longer run. 🔳 Indian Stock Market is definitely a promising one, but it is always worthwhile to become a global investor to avoid single country & single currency risks. ➡️ To invest in U.S. markets, visit our platform: https://ashutoshfinserv.vested.co.in/ ➡️ The detailed explanation can be obtained from the presentation in the PDF file available in the following link or the YouTube video links stated below:
Investment in Foreign Equity
Link of English language explanatory video: Link of Gujarati language explanatory video: Ashutosh Financial Services Pvt. Ltd. •Investments •Insurance •NRI Services •Income Tax & Estate Planning www.ashutoshfinserv.com Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & Linkedin to receive all the latest information from finance world. Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith.
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View Blogs in English Insurance Services

LIFE INSURANCE TERM PLAN – COMPARE AND SELECT THE BEST SUITED FOR YOUR NEEDS.

LIFE INSURANCE TERM PLAN – COMPARE AND SELECT THE BEST SUITED FOR YOUR NEEDS. Life insurance Term Plan is an insurance where you can get large amount of insurance cover at a reasonable premium amount. A term plan is the pure form of life insurance. ◾ As you get a large Lump-sum amount on your death, you can secure your family after your death and provide financial protection to your family. ◾ This term plan can be taken by anyone between the ages of 18-65. Additional insurance can be taken based on their income, health status, and current life insurance amount. ◾ Flexibility of years of insurance and premium, for how many years you want life cover and for how many years you want to pay premium. ◾ 18 year old person will be able to take a term plan of Rs 1 Crore till he reaches the age of 65, only @ Rs. 29/- premium per day. Same way 30 year old person can get @ 39/- rupees a day and 40 year old person can get @ 61/- rupees a day. ◾ Non-smoker and non-Tobacco user can get more benefit in premium. ◾ Women can get lower premium for insurance than men. ◾ You can also choose the option for refund of your all paid premiums after the end of the policy term. ◾ You can also choose additional riders such as a rider with to get a lump sum amount when critical illnesses occur or a rider with the benefit of accidental death. ◾ You can also get tax benefits under 80(C). ◾ We offer insurance plans of many companies and suggest best plan suitable for you after comparing the plans of all these companies as per your requirement. Contact us to get the best insurance plan for you. Ashutosh Insurance Brokers LLP •Insurance for your Life, Health, Assets & Liabilities •Retirement Planning •Investment through Life Insurance A Service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mob. No.: +91 7043893388 / +91 6358755770 Email: rm.insurance@ashutoshfinserv.com www.ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook , Instagram , Youtube , Twitter & Linkedin. Insurance is a subject matter of solicitation. Please forward this message to your friends, relatives and contacts who could be interested.