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Matching GST returns and ITR
Matching GST returns and ITR The first financial year after the regime of the GST has ended and now the time is for the filing of the Income-tax Return. But there are some confusion and problems arising in the mind of the taxpayers. Because there is some
Section 44AE, Income Tax Act, 1961 (Presumptive Taxation)
Section 44AE, Income Tax Act, 1961 (Presumptive Taxation) Section 44AE, Income Tax Act, 1961 is covered under the Presumptive Taxation Scheme. Section 44AE, Income Tax Act has issued by the government to provide the relief to the small taxpayers from maintaining the Books of Accounts. Section
Section 44ADA, Income Tax Act, 1961 (Presumptive Taxation)
Section 44ADA, Income-tax Act, 1961 (Presumptive Taxation) Section 44ADA, Income Tax Act, 1961 is covered under the Presumptive Taxation Scheme. Section 44ADA, Income Tax Act has issued by the government to provide the relief to the small taxpayers from maintaining the Books of Accounts. Section 44ADA,
Section 44AD, Income Tax Act, 1961 (Presumptive Taxation Scheme)
Section 44AD, Income Tax Act, 1961 (Presumptive Taxation Scheme) Section – 44AD, Income-tax Act, 1961-2018 is covered under Presumptive Taxation Scheme. The section 44AD is introduced by the government to provide the relief to the small taxpayers. Section 44AD is majorly used by the businesses.
Calculation Under Section 44AE under Presumptive Taxation
Calculation Under Section 44AE under Presumptive Taxation Section 44AE of Income Tax Act provides the Presumptive Scheme for the business of plying, hiring or leasing of goods carriages. The person should not own more than the 10 goods carriage vehicle in the previous year. The calculation
FAQs On Section 44AE under Presumptive Taxation
FAQs On Section 44AE under Presumptive Taxation To provide the relief to the small taxpayers, the government has issued the presumptive scheme. Because the maintaining the books of accounts is very tedious work for the small taxpayers. It consumes extra money to be efficient. So,
FAQs on Section 44ADA under Presumptive Taxation
FAQs on Section 44AD under Presumptive Taxation To provide the relief to the small taxpayers, the government has issued the presumptive scheme. Because the maintaining the books of accounts is very tedious work for the small taxpayers. It consumes extra money to be efficient. So,
FAQs on Section 44AD under Presumptive Taxation
FAQs on section 44AD under Presumptive Taxation To provide the relief to the small taxpayers, the government has issued the presumptive scheme. Because the maintaining the books of accounts is very tedious work for the small taxpayers. It consumes extra money to be efficient. So,
About Presumptive Basis Income Under Section 44AD and Section 44ADA under Income Tax Act
About Presumptive Basis Income Under Section 44AD and Section 44ADA under Income Tax Act Section 44AD If the Assessee adopts/choose ITR under section 44AD then he has to file ITR under this for consecutive 5 years. Otherwise, for example, if assessee file ITR under this
SRC Updates: Direct Tax Updates
SRC Updates: Direct Tax Updates 1. ‘Consent Payment’ made by Anil Ambani to SEBI a Business Expenditure U/s 37(1): Mumbai ITAT in the case of DCIT Vs. Anil Ambani while dismissing the appeal of the revenue held that the ‘Consent Payment’ made by the assessee
Notification No. 28/2018-Income Tax
Notification No. 28/2018-Income Tax NOTIFICATION New Delhi, the 18th June, 2018 No. 28/2018 (INCOME-TAX) S.O. 2939(E).—In the exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the
Notification No. 27/2018- Income Tax
Notification No. 27/2018- Income Tax MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th June 2018 No. 27/2018 (INCOME-TAX) S.O. 2938(E).—In the exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax