Presumptive Taxation For Professionals We all know about the Section 44AD of Income Tax Act, 1961s provides for presumptive taxation For Professionals scheme for eligible persons engaged in eligible business. However such scheme is not available for professionals. Hence, for reducing the compliance burden, the Finance Act, 2016 has inserted the section 44ADA being a […]
All about Gratuity Valuation you need to know ! Gratuity is one of the retirement benefit plan. It is received by an employee from his/her employer in gratitude for the continuous services offered by the employee in the company and required Gratuity Valuation . It is one of the retirement benefits offered by the employer […]
How much gold you can kept ? After announcement the demonetisation there are wide rumours about How much gold you can kept . I tried to clear some of the doubts in the minds of public the CBDT issued a clarification on 1st December, 2016.
April 2017 may be the earliest India can say goodbye to the demonetization nightmare Chest-thumping, hand-wringing controversy that has ensued since the announcement of demonetization on November 8, 2016, there has been an absence of facts on the question of re-monetizing India.
Will demonetisation reduce demand for rented properties? Many, including salaried employees, have invested in a second house taking advantage of the availability of bank loans. Owing to the unique mechanism of taxing `income from house property’, challenges arise due to demonetisation during income-tax (I-T) assessment, especially if the second house is lying vacant. In such […]