income tax efiling in adayar Archives

Types of assessment under income tax act | Income tax filing service

February 18, 2022 Admin GST, Income Tax

Introduction Types of assessment under income tax act – Income tax filing service, the course of assessment of ITR by the Income Tax Department is classified “Assessment”. The assessment likewise incorporates re-assessment and best judgment assessment under section 147 and 144 separately and the diverse sort of income tax assessment. Types of Income Tax Assessment: Self-Assessment – u/s 140A Summary […]

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

September 23, 2021 Admin GST, Income Tax

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 […]