Tag Archives: Income Tax updates

Access I-T return filing account without updating contact profile details

Access I-T return filing account without updating contact profile details The income tax department has relaxed to updating contact profile details the ‘compulsory/forcible’ updation of tax payer details on its return filing website. When this new requirement was introduced on September 22, a tax payer was unable to log in to their e-filing account without […]

Provision Under Section 44ADA for computing profits and gains of Profession

Provision Under Section 44ADA for computing profits and gains of Profession Provision Under Section 44ADA for computation of profit of Profession on Presumptive basis introduced in Finance Act,2016. Many people still unaware of this section and they are declaring their profit below the presumptive basis and their income exceeds the maximum amount not chargeable to […]