INCOME TAX CATEGORY
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[Section 44AD of Income Tax Act] Commission Income Under 44AD – Section 44ADA Example Eligible Business under section 44AD The presumptive taxation scheme of section 44AD of inc... Read more
What is pre-construction period? While computing income chargeable to tax under the head “Income from house property” in case of a let-out property, the taxpayer can claim deduct... Read more
Capital Gain on Gifted Assets Capital gain arises if a person transfers a capital asset. (land, building or jewelry or share etc). section 47 of the Income-Tax Act, 1961 excludes various tra... Read more
Mainly two benefits are available :- Section 80TTB of the Income Tax law Section 80TTB of the Income Tax law gives provisions relating to tax benefits available on account of interest income... Read more
Compute Income from house property Income chargeable to tax under the head “Income from house property” in the case of a let-out property is computed in the following manner: Par... Read more
Who is covered by tax audit ? FAQ deals with Income Tax Audit Provisions in India. As per section 44AB, following persons are compulsorily required to get their accounts audited:- A person... Read more
Amendment of section 54 In section 54 of the Income-tax Act, in sub-section (1), after clause (ii), the following provisos shall be inserted with effect from the 1st day of April, 2020, name... Read more
जीएसटी में कौनसे मामलो में 20 लाख से कम टर्नओवर होने पर भी पंजीकरण करना अनिवार्य है एम.जी.एल. की अनुसूची III के पैरा 5 के अनुसार, निम्नलिखित श्रेणियों के व्यक्तियों को अनिवार्य रूप से निर्धा... Read more
Extends Due Date for filing of Audited Income Tax return Dated- 08.10.2018 CBDT further extends due date for filing of Income Tax Returns & audit reports from 15th Oct,2018 to 31st Oct,... Read more
Amendment and Inserted New Serial Number in Tax Audit Report Form 3CD Read more