Types of Income Tax ITR Forms and Their Applicability

2020-08-28T20:29:58+05:30August 28th, 2020|Income Tax|

Types of ITR Forms and Their Applicability​ Everybody i.e. Individual, Hindu undivided family(HUF), partnership firms, LLP, trusts and companies are required to file income tax returns. Every individual whose total income is more than Rs. 2, 50,000 per year should file their returns. [...]

Taxation for Presumptive Income for Professionals Under Section 44ADA

2020-08-28T20:03:49+05:30August 28th, 2020|Income Tax|

Taxation for Presumptive Income Under Section 44ADA Professionals such as doctors, engineers, lawyers, interior designers and even chartered accountants who are self employed have to file their returns. Returns of professionals involve a balance sheet, profit & loss account and a capital account. [...]

Taxation for Presumptive Income Under Section 44AD Explained

2020-08-28T19:55:20+05:30August 19th, 2020|Income Tax|

Taxation for Presumptive Income Under Section 44AD Request a Call Back  Introduction Income tax return filing is one of the important business compliance that every businessman is expected to perform. Business owners are expected to file their income tax return on yearly basis. A business tax [...]

Budget 2018: Union Budget 2018 Date, Budget News, Expectations and Updates

2018-02-23T02:29:21+05:30January 30th, 2018|Income Tax|

Budget 2018 Presented by Union Finance Minister Mr. Arun Jaitley After much hype, Finance Minister Mr. Arun Jaitley finally delivered the speech for Budget 2018. As anticipated, the budget is aimed to woo farmers, rural people and small and medium businesses. Though [...]