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💡Understanding Tax Returns💸 and Why Tax💲 Compliance is Important in 🇮🇳Bharat ?

1- who tax return? 2-why tax is important? 3-will tax be deducted every month? Introduction : Filing tax returns is an annual obligation for individual taxpayers as well as businesses in India. In this blog post, we will discuss the concept of tax returns, the different types of tax returns, procedures involved and why it is essential to pay taxes on time.                   What are tax returns? Tax returns refer to documents that taxpayers need to submit to the Income Tax department, providing details of their income and deductible expenses. Based on the income level and compliance requirements, there are different types of tax returns like ITR1 , ITR2 , ITR3 etc. that need to be filed by the prescribed due dates. Procedures for filing tax returns To file tax returns, taxpayers need to collate relevant documents like Form 16, interest certificates, capital gains statement etc. for the financial year. They then need to either fil...
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Now all students😵 will earn money💵( Generate Side hustle Income)

 There is a  blog post on side hustle income ideas for commerce, science and art college students:


 Side Hustle Ideas for Commerce, Science and Art College Students As a college student, it's always helpful to have some side income flowing in addition to whatever funds you receive from family or loans. Whether you're studying commerce, science or the arts, there are plenty of hustle opportunities that work around your class schedule. 

 For Commerce Students:

• Online Tutoring - sign up on platforms like Wyzant or Varsity Tutors to teach subjects like Economics, Accounting or Statistics remotely.

• Dropshipping - research trending products on AliExpress and set up a simple online store on Shopify or WooCommerce to resell items for higher prices.

• Virtual Bookkeeping - offer services through websites like Fiverr setting up books, processing invoices and paying taxes for small businesses.

For those majoring in business fields like economics, accounting,marketing and finance, your coursework directly aligns with skills that can translate to income generation. Online tutoring through platforms like Wyzant or Varsity Tutors allows you to teach 


commerce subjects remotely to high school or fellow college students on your own schedule. You can also launch your own dropshipping business selling trending products on Shopify or another ecommerce platform. With dropshipping, you promote and take orders for items but the supplier ships directly to customers, so it requires little upfront investment of your own. Offering virtual bookkeeping

services to local small businesses through websites like Fiverr is another viable option - you can take on clients processing invoices and paying bills remotely on a contract basis.



For Science Students: 

• Medical Transcription- many online programs need audio files transcribed and are willing to hire college students for this work. 

• Research Assistance - reach out to professors if they need help gathering and analyzing data for ongoing studies and papers. 

• Online Tutoring - sites like TutorMe allow students to teach a variety of STEM topics in subjects like Chemistry, Biology, Physics etc.

Whether studying subjects like biology, chemistry, physics or computer science, science students have opportunities too. Medical transcription is a popular side hustle - many online training programs need audio files to be transcribed

 accurately and are open to hiring college science students for the work. You can also explore assisting professors by helping gather and analyze data for ongoing research studies and papers in exchange for supplemental income. TutorMe is a site that connects science tutors with students seeking help in topics from organic chemistry to computer programming - you set your own rates and schedule making it work flexibly. Offering chemistry or biology tutoring services through platform like wyzant is another avenue

For Art Students: 

• Freelance Graphic Design - create logos, social posts, flyers etc for local small businesses on a contract basis. 

• Craft Sales - sell handmade items like paintings, jewelry, pottery on Etsy or at craft fairs and art markets on weekends. • Digital Art Commissions - promote services like character illustrations, icon sets, banners etc through sites like Fiverr or Twitter.

 


For those studying creative majors in visual arts, design, photography, film and more, using your talents is a natural way to make extra money. Freelancing graphic design services locally allows you to help small businesses with projects like logo design, social media posts, flyers and more on a contract basis. Setting up an online shop on Etsy or CraftsIsWhere.com lets you sell handmade goods like paintings, jewelry, pottery, prints and photographs Participating in craft  photographs. Participating in craft fairs or art markets on weekends provides an opportunity to showcase and directly sell your physical works. Sites like Fiverr and Creative Market are also places where you can promote digital services like illustrations, photo packages, logo design, digital art commissions and more on your schedule.

                                          🙏 Radhey Radhey

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