Income Tax Articles

All about Section 44ADA

CA Himanshu Gandotra 28 December 2018 at 11:28

SECTION 44ADASection 44AD is a well-known presumptive taxation scheme available to individuals, HUF and partnership firms (not including limited liability partn..

Start-ups furious on receiving angel tax notices

Anand Krishnakumar 27 December 2018 at 11:15

Start-ups furious on receiving angel tax notices�India will soon become the next start-up hub like Silicon Valley�, Ashima was excited to discuss th

Tax scheme for Income of Transporters under section 44AE

VISHAL BANSAL 27 December 2018 at 11:15

Introduction about this scheme (Section 44AE)- The presumptive taxation scheme of section 44AE can be adopted by a person who is engaged in the business of plyi..

Section 44AA and 44AB : A Quick Insight

Nitesh bind 26 December 2018 at 11:53

Most of the people are very much confused about the maintenance of books of accounts and audit requirement thereof. There are many misconceptions about the lega..

Deduction under section 80U: For Disability of the Individual Himself

VISHAL BANSAL 20 December 2018 at 11:12

Deduction under section 80U: For Disability of the Individual Himself This deduction is available to Resident Individual for himself. Disability under section 8..

Mutual funds: Basic structure

Yashodeep Chauhan 19 December 2018 at 11:05

"Mutual funds are subject to market risks, please read all scheme related documents carefully". Sure you've come across these punchlines 100s of t

All about Pradhan Mantri Vaya Vandana Yojana (PMVVY)

VISHAL BANSAL 18 December 2018 at 11:21

Introduction-Pardhan Mantri Vaya Vandana Yojna is one of the good investment plans for senior citizens, who has completed 60 years or above. The interest earned..

Taxability of Grant, Subsidy or Any Assistance

CA Girija M Singh 17 December 2018 at 13:29

Introduction 1. Often we hear that fate of our country, India, lies in the growth of its economy. Indian government in order to promote the growth of industr..

TDS on Hotel Accommodation

Ashish Bansal 17 December 2018 at 11:22

There are lots of questions related to TDS deduction on Rent. Though section 194I of Income Tax Act, specifically defines the situations where tds would be appl..

Allowance of Deduction of Interest for Income from House Property

Ashish Bansal 14 December 2018 at 10:56

There are various questions on the allowability of interest on loan paid for House Property like How much deduction of interest will be allowed from House Prope..