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Showing posts with the label Income Tax Return

How to Backup Your Data Automatically

In today's digital world, all our important data - such as documents, photos, videos, office files, projects, banking information, passwords - is all stored in mobile or computer. But what if suddenly your mobile gets damaged, laptop gets formatted or hard drive crashes? If you have not backed up your data, your valuable information may be lost forever. To avoid this danger, automatic data backup is necessary . That is, a system that automatically backs up your data, and you do not have to worry. In this blog, we’ll go into detail about what automatic data backup is, how to set it up, which tools are the best, and what things to keep in mind. What is data backup? Data backup means making a copy of your original data, which is kept in a safe place so that if the original data gets deleted, you can use that copy. What is automatic data backup? Automatic backup eliminates the need for you to manually backup every day. Once you set up a system or app, it automatically backs up...

Complete Guide to Filing Income Tax Return (ITR)

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It is mandatory for every citizen in India whose income exceeds a certain limit to file Income Tax Return (ITR). Apart from being a legal process, it is also important for maintaining financial stability, obtaining loans and other financial tasks. If you are filing ITR for the first time or want to understand the process better, then this guide will help you. 1. What is Income Tax Return (ITR)? Income Tax Return (ITR) is an official document in which an individual or business submits information about their annual income, expenditure, tax deductions and tax payable to the government. It is managed by the Income Tax Department and comes under the Income Tax Act, 1961. 2. Who can file ITR? The following individuals and entities can file ITR in India Salaried individuals whose annual income is above the taxable limit Self-employed or freelancers who offer their own services Businessmen and entrepreneurs Hindu Undivided Family (HUF) Companies, Partnership Firms and LLPs NRIs (Non-Resident ...

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