Articles by CA.R.S.KALRA

Bookkeeping Rules: Who Needs to Maintain Accounts?

Posted by CA.R.S.KALRA 12 November 2021 74256 Views

Discover the rules for maintaining books of accounts in the UK. Learn if your business or profession requires you to keep detailed financial records.

Section 194Q: TDS on Purchase of Goods Explained

Posted by CA.R.S.KALRA 09 November 2021 41056 Views

Understand Section 194Q: TDS deduction on goods purchase over £50 lakh. Learn buyer/seller obligations, rates, and exemptions. Get compliant now!

Presumptive Tax: Partner Interest & Remuneration Denial

Posted by CA.R.S.KALRA 01 November 2021 6192 Views

Learn why a partner cannot claim presumptive tax benefits (Sec 44AD) on interest and remuneration from their firm, as ruled by the Madras High Court.

Section 44AD, ADA & AE: A Comparative Guide

Posted by CA.R.S.KALRA 26 October 2021 9460 Views

Understand the differences between Section 44AD, 44ADA, and 44AE of the Income Tax Act. Compare eligibility, presumptive income, and more.

Section 44AD (4): Consequences of Opting Out of Section 44AD(1) - Part V

Posted by CA.R.S.KALRA 26 October 2021 40020 Views

If a person has opted for a presumptive scheme of taxation u/s 44AD in any one year then they have to remain in the umbrella of section 44AD for the next 5 years.

Section 44AE: Presumptive Tax for Goods Carriage Owners

Posted by CA.R.S.KALRA 26 October 2021 8431 Views

Understand Section 44AE's presumptive taxation for goods carriage owners. Learn eligibility, rates, and benefits for your transport business.

Sec 44AD Exceptions: Turnover & Commission Income

Posted by CA.R.S.KALRA 26 October 2021 23201 Views

Discover exceptions to Sec 44AD(4) & 44AD(5) for turnover exceeding limits or earning commission. Learn when presumptive taxation applies.

Section 44AD: Lower Tax on Digital Payments

Posted by CA.R.S.KALRA 19 October 2021 13973 Views

Discover how to pay less tax under Section 44AD by accepting digital payments. Learn the benefits and scenarios for reduced profit rates.

Can You Claim Sec 44AD and Sec 44AE Together?

Posted by CA.R.S.KALRA 13 October 2021 15034 Views

Discover if you can claim the benefits of Section 44AD and Section 44AE simultaneously. Learn how presumptive taxation applies to multiple businesses.

Section 44AD: Presumptive Taxation for Small Businesses

Posted by CA.R.S.KALRA 13 October 2021 8961 Views

Understand Section 44AD of the Income Tax Act for presumptive taxation. Learn about eligible businesses, turnover limits, and tax implications for small businesses.