Income Tax Act 1961

Presumptive taxation- Section 44AD, 44ADA, 44AE

Presumptive taxation- Section 44AD, 44ADA, 44AE

To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD, section 44ADA and section 44AE. In this part you can gain knowledge about various provisions of the presumptive taxation scheme of …

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Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Income Tax Quarterly Updates (April 2021 to June 2021)- Including Covid-19 relaxations / updates

Income Tax Quarterly Updates (April 2021 – June 2021)– Including Covid-19 relaxations / updates Income Tax is the tax that is collected by the Central Government for each financial year levied on the total taxable income of an assessee during the previous year.The Income Tax Act is a comprehensive statute that focuses on the different …

Income Tax Quarterly Updates (April 2021 to June 2021)- Including Covid-19 relaxations / updates Read More »

Income Tax Presumptive Taxation Scheme of Section 44AD, 44ADA, 44AE

Presumptive Taxation Scheme Section 44AD, 44ADA, 44AE- [TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS]

To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD, section 44ADA and section 44AE. In this part you can gain knowledge about various provisions of the presumptive taxation scheme of …

Presumptive Taxation Scheme Section 44AD, 44ADA, 44AE- [TAX ON PRESUMPTIVE BASIS IN CASE OF CERTAIN ELIGIBLE BUSINESSES OR PROFESSIONS] Read More »