Tag Archives: Income Tax updates

Presumptive Taxation For Professionals

Presumptive Taxation For Professionals
We all know about the Section 44AD of Income Tax Act, 1961s provides for presumptive taxation scheme for eligible persons engaged in eligible business. However such scheme is not available for

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How much gold you can kept ?

How much gold you can kept ?
After announcement the demonetisation there are wide rumours about putting or holding gold . I tried to clear some of the doubts in the minds of public the

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Transfer of property between firm & partners –Taxation aspects

Transfer of property between firm & partners –Taxation aspects
Introduction: S. 45(3) and S. 45(4) were brought in to the statute book to deem pooling of assets by partners in to the firm and distribution

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New disclosure scheme could be 50% tax and 4-year limit on cash use for unaccounted deposits

New disclosure scheme could be 50% tax and 4-year limit on cash use for unaccounted deposits
The government is likely to introduce an amendment in the income-tax law in next week under which people can

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How Inflation impact on exchange rate and returns

How Inflation impact on exchange rate and returns
If we go to see 3 or 4 topics around which Finance or Economy revolves, inflation is one of them. It is such a topic which has

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Fraud in India on debit cards – How safe is the Debit Card?

Fraud in India on debit cards – How safe is the Debit Card?
In the news sometime back it was shown that SBI had blocked about six lakh debit cards after it suspected a malware-based

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