Easy Tax Planner Blogs

Abdul Kalam felt strongly about the importance of investing in students for a nation to succeed.. Students are the backbone of any country and as a student Kalam faced many hardships.. His life took him to an unfortunate place in which he had to sell newspapers in order to gain the funds required to support his education. However, he persevered and was eventually able to attend top law school and study towards the goal of becoming a Constitutional Judge To celebrate this talent, easytaxplanner has taken a small initiative to make you aware of the different tax benefits which you may be entitled to. These benefits include tax concessions or exemptions which are provided because of your student status and also the rebate on education loans on income tax within India. Here are three major benefits that were taken into Read more…

GST Compliance & How it Affects You as an Individual keywords: how does the new law affect you as an individual GST is a new tax law in India. It was launched on July 1st, 2017 and replaces the previous tax system of Value Added Tax (VAT). The GST Act provides for a single, nationwide market-based tax with a single rate on all goods and services. GST is an important step towards making India’s economy more efficient and competitive. With this new law, there are many benefits that individuals can enjoy such as lower taxes and easier compliance. This article discusses how GST affects you as an individual in terms of compliance. It also includes some tips on how you can make the process easier for yourself by following best practices like keeping your records in order, preparing your documents Read more…

Why Copyright Registration is Important for Creators, Publishers & Sellers keywords: copyright registration, copyright protection, copyright law Copyright registration is important for creators, publishers, and sellers. It protects their rights to their work and allows them to sell it without fear of being sued by a third party. Copyright registration is a legal process that protects the copyright holder’s rights over their creative work. The creator registers the work with the government which then gives them exclusive rights to use and distribute that work. The owner of a copyright has the exclusive right to reproduce, publicly perform, publicly display, or distribute the copyrighted material without permission from the copyright holder. Copyright is a federal law that grants the owner of a copyrighted work an exclusive right to reproduce, publicly perform, publicly display or distribute the copyrighted material without permission from Read more…

Introduction: What is a Limited Liability Partnership? keywords: limited liability partnership, llp, llc A limited liability partnership is a business entity that combines the pass-through taxation of a partnership with the limited liability of a corporation. Limited Liability Partnerships are an increasingly popular business structure among small businesses, especially in industries where personal liability is high. A Limited Liability Partnership (LLP) combines the pass-through taxation of a partnership with the limited liability of a corporation. The LLP has two types of partners: general and limited. General partners have unlimited personal liability for the debts and obligations of the partnership, while Limited partners have no personal liability for these obligations or debts. The Limited Liability Partnership (LLP) was created to help protect both general and limited partners from being personally liable for any debt or obligation incurred by the company, while Read more…

Introduction: What is a Freelancer and Why do They Need to File Taxes? keywords: freelancer taxes, freelance income tax filings, freelancer tax filing requirements Freelancers are self-employed individuals who work for themselves. They are not employed by any company, but instead they work on their own terms. Freelancers are an important part of the labor force because they provide a great amount of flexibility and skillsets to companies. This is why freelancers need to file taxes in order to keep track of their earnings and expenses so that they know how much money they have earned or spent during the year and what they owe in taxes. What are the Tax Deductions for Freelance Income in India? keywords: freelance income tax deductions india, freelance deductions The Income Tax Act provides for deductions from the gross total income in computing the Read more…