Income Tax Articles

Calculate your Tax Liability for AY 2019-20 and steps to reduce it

Posted by Guest 26 June 2019 28008 Views

Tax liabilities burn a hole every year in your savings. A massive chunk of your earnings is deducted from your account in the name of taxes. Majority of people ...

All about Section 44ADA

Posted by CA Himanshu Gandotra 26 June 2019 20852 Views

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

Posted by Anand Krishnakumar 25 June 2019 8164 Views

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

Posted by VISHAL BANSAL 25 June 2019 19968 Views

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

Posted by Nitesh bind 24 June 2019 19861 Views

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...

Concept of Advance tax

Posted by CMA Ramesh Krishnan 19 June 2019 101913 Views

Concept of Advance tax Introduction: According to sections 208 of the Income tax Act 1961, tax shall payab

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

Posted by VISHAL BANSAL 18 June 2019 9903 Views

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

Section 44AB vs 44ADA

Posted by CA. Atul Khurana 17 June 2019 19738 Views

As Section 44AD is applicable on business (click here to read in detail), Section 44ADA applies on professionals.It says that if an eligible assessee (professio...

All about Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Posted by VISHAL BANSAL 16 June 2019 13068 Views

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

Posted by CA Girija M Singh 15 June 2019 63632 Views

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...