Business & Profession

Maintenance of Books of Accounts
Income Tax Law makes a mandatory requirement for businesses and professionals to maintain books of accounts as per Section 44AA and Rule 6F. A) A person...
Wed, 2 Jan, 2019 at 12:16 PM
Difference between Sole proprietorship & One Person Company (OPC)
Sole Proprietorship: ‘Sole’ means single and ‘proprietorship’ means ownership that means sole proprietorship is a business enterprise owned and controlled ...
Wed, 2 Jan, 2019 at 11:58 AM
Presumptive Taxation Scheme
What is Presumptive Taxation Scheme? Income Tax Law makes a mandatory requirement for businesses and professionals to maintain books of accounts as per ...
Mon, 14 Jan, 2019 at 12:07 PM
Section 44AD: Profits and Gains of Business on Presumptive Basis
The scheme shall be applicable to individuals, HUF’s and partnership firms excluding Limited Liability Partnership Firms. The scheme of presumptive taxat...
Fri, 5 Oct, 2018 at 2:26 PM
Section 44AE: Profits and Gains of Business of Plying, Hiring or Leasing Goods Carriages
In case of an assessee who owns not more than 10 goods carriages or heavy goods vehicles during the previous year and is engaged in the business of plying, ...
Wed, 29 Aug, 2018 at 3:00 PM
Section 44ADA: Profits and Gains of Profession on presumptive basis
The benefit of presumptive taxation scheme was earlier given to Businesses, which has now extended to Professionals also. Thus, Professionals whose Gross Re...
Wed, 29 Aug, 2018 at 3:01 PM