Advance Tax
Advance Tax What is advance tax? Simply put, it is an advance payment of tax. Instead of paying your taxes in one go at the year end, it has to be paid in installments. This scheme is also known as … Continued
Section 44ADA
Section 44ADA – Special provision for computing profits and gains of profession on presumptive basis. There are good number of compliances under the Income Tax Act. These include maintaining a proper set of books of accounts, getting these books of … Continued
Section 44AD – Special Provision For Computing Profits and Gains of Business on Presumptive Basis
Section 44AD of the Income Tax Act, 1961 – Section 44AD, a scheme launched for the benefit of small businesses, wherein the assesses which are eligible for the scheme do not have to maintain books of accounts and file returns … Continued
Schemes launched for the benefit of small businesses
Section 44AD Read more here Section 44ADA Read more here Section 44AE Read more here