Aug 092018

Section 44AD on presumptive income: Section 44AD. (1) Notwithstanding anything to the contrary contained in sections 28 to 43C, in the case of an eligible assessee engaged in an eligible business, a sum equal to eight per cent of the total turnover or gross [Read More]

Jul 312018
Due dates for the Month of August 2018

Due dates for the Month of August 2018 7th Income Tax – TDS Payment for July 10th GST – Details of outward supplies of taxable goods and/or services effected – GST1 for July – Return for authorities deducting tax at [Read More]

Jul 312018

Key changes in ITRS’ form disclosure requirement With invent of GST tax regime and other regulatory requirements various changes have been made in ITR forms. It is recommended that these changes should be properly understood before start filing ITR forms. [Read More]

Jul 252018

Non applicability of Section 44AD in certain cases Substituted by the Finance Act, 2016, w.e.f. 1-4-2017 [Subsection 4 of section  44AD]: Where an eligible assessee declares profit for any previous year in accordance with the provisions of this section and [Read More]