Articles

A practical guide explaining when tax audit is applicable under Section 44AB, and how it interacts with presumptive taxation provisions like Sections 44AD, 44ADA, and 44AE.

Tax Audit Confusion? Here’s the Simple Truth Behind All Limits

Judgement

The ITAT remanded the Rs 34.86 Lakh cash deposit case for fresh assessment after finding that evidence relating to cash deposits and presumptive taxation claims had not been properly examined.

Transport Business Receipts or Undisclosed Income? ITAT Remands Rs 34.86 Lakh Cash Deposit Addition Case

Revenue cannot make addition in the hands of a partnership firm based on an impounded order book when the partner has already offered individual business income under presumptive taxation.

ITAT Remanded Rs 5.26 Crore Cash Deposit of Demonetisation for Fresh Adjudication

Understanding resident and non-resident presumptive taxation provisions effective from Tax Year 2026-27.

Presumptive Taxation under New Income Tax Act-2025

The ITAT rejects the 50% income estimation and holds Section 44AD applicable to business correspondent income.

Presumptive Taxation: ITAT Applies Section 44AD, Rejects Higher Rate

This shift is even more pronounced in presumptive tax cases, where about 97% of the taxpayers under the presumptive taxation have shifted to the new tax regime.

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Tax Audit Confusion? Here’s the Simple Truth Behind All Limits

Transport Business Receipts or Undisclosed Income? ITAT Remands Rs 34.86 Lakh Cash Deposit Addition Case

ITAT Remanded Rs 5.26 Crore Cash Deposit of Demonetisation for Fresh Adjudication

Presumptive Taxation under New Income Tax Act-2025

Presumptive Taxation: ITAT Applies Section 44AD, Rejects Higher Rate

No Plans to Introduce Sunset Clause for Old Tax Regime: CBDT Chairman as Majority of Taxpayers Shifting to New Regime