What is the Presumptive Taxation for Business and Profession in India?

This blog provides clear explanation for the query What is the Presumptive Taxation for Business and Profession in India-with latest updates.

Section 44ADA – Presumptive Obligation Scheme for Specialists A scheme for presumptive tax assessment was introduced under section 44ADA from the FY 2016-17. Section 44ADA gives a direct procedure for tax collection for little specialists. Section 44ADA offers a scheme of presumptive tax collection from advantages and gains rising up out of reasons for living referred to under Section 44AA […]

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Frequently asked questions on GST

There are many questions are asked by the peoples to know about GST registration and here we give some answers which are frequently asked questions on GST. Can a person without GST registration request ITC and collect tax? No, a person without GST registration can neither get GST from his customers nor can claim any input tax credit (ITC) of […]

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Liable for registration under GST ?

Under this act, every provider shall be liable to be registered in the state or Union territory, from where he can doing their business. (a) Other than special category states – exceeds ₹ 20 lakhs. (b) Special category states – exceeds ₹ 10 lakhs. Meaning of terms : (a) Special category states shall mean the states as specified in clause […]

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