Judgement

Tax on Unaccounted sales only profit can be taxed as income

Articles

If ITR has been uploaded but same has not been E-Verified or Physically signed, one has to do the same in 120 Days from the date of Uploading Return. If the same has not been done, Filing Condonation of Delay in E-Verification of Income Tax Return after 120 Days can be done.

Filing Condonation of Delay in E-Verification of Income Tax Return after 120 Days

This article has tried to discuss the Presumptive Taxation Scheme for Professionals concept & applicability. The article discusses Presumptive Income under section 44ADA, Maintaining books of accounts for professionals opting for Presumptive Scheme, Tax Audit requirement under section 44AB for Professionals, Advance Tax Applicability on professional opting for Presumptive Taxation.

Presumptive Taxation under section 44ADA Scheme for Professionals

Notifications

CBDT notifies Revised Procedure for Faceless Assessment Scheme, Income Tax Faceless Assessment Scheme process notified by CBDT

CBDT notifies Revised Procedure for Faceless Assessment Scheme

ITR processing now to adjust income indicated in audit report but not ITR

News

Timeline of Affordable housing project approved be extended to 31st March 2022

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