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Maintenance of accounts by certain persons carrying on profession or business
Clipped from: https://incometaxindia.gov.in/Acts/Income-tax%20Act,%201961/2025/102120000000090803.htm 44AA. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or
Audit Criteria for Business & Profession (Section 44AB) AY 2024-25
Clipped from: https://taxguru.in/income-tax/audit-criteria-business-profession-section-44ab-ay-2024-25.html Introduction: Understanding the audit requirements for businesses and professions under the Indian Income Tax Act is crucial for compliance and efficient financial management. Section
Turnover limit for Tax audit is Rs. 1 crore or Rs. 10 crore under section 44AB of the Act – Taxontips
Clipped from: https://www.taxontips.com/turnover-limit-for-tax-audit-is-rs-1-crore-or-rs-10-crore-under-section-44ab-of-the-act/ Section 44AB deals with the limit for conducting Tax audit under the Income Tax Act. For Individual, HUF and firm they can skip
How homeowner saved Rs 1.42 cr under Section 54 of I T Act; CA explain how he did it – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/how-homeowner-saved-rs-142-cr-under-section-54-of-i-t-act-ca-explain-how-he-did-it-492579-2025-09-04 A Bombay High Court-backed ITAT ruling has clarified that the allotment date, not registration, decides capital gains tax treatment. The decision helped a
Do you need to pay tax on inherited gold jewellery? CAs explain when you may – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/do-you-need-to-pay-tax-on-inherited-gold-jewellery-cas-explain-when-you-may/articleshow/123695237.cms ET OnlineWill you be taxed on inherited gold? Know CA view Did you inherit a set of gold jewellery from your parents in 2012 and
Capital Gain Tax Exemption on Property under Redevelopment
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-exemption-property-redevelopment.html 1. Redeveloping old buildings and societies is gaining momentum in major cities like Mumbai, Delhi-NCR, Surat, Bengaluru etc. Mumbai, India’s financial capital, is
Capital Gain Tax – Date of Purchase or Construction of New Property?
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-date-purchase-construction-property.html Explore Capital Gain Tax Exemption rules on property transactions with illustrative examples, legal decisions, and statutory provisions. Understand the nuances of claiming exemptions
Unhealthy trends – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-unhealthy-trends/article70007930.ece State-level health regulators should protect patient interests There is no reason why India’s healthcare sector should function without a sector regulator | Photo
More than CIBIL: What lenders really check before clearing your loan | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/more-than-cibil-what-lenders-really-check-before-clearing-your-loan-125090301089_1.html A good CIBIL score helps, but lenders also weigh income stability, debt load, and spending discipline before approving your loan Listen to This
Section 44AD vs. 44ADA: Why taxpayers are facing scrutiny on TDS under Section 194J – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/section-44ad-vs-44ada-why-taxpayers-are-facing-scrutiny-on-tds-under-section-194j-492370-2025-09-03 Taxpayers are facing scrutiny where receipts subject to TDS under Section 194J are reported under Section 44AD instead of 44ADA. Experts clarify that
Filing ITR for AY 2025-26? 5 free online tools to calculate tax liability – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/filing-itr-for-ay-2025-26-5-free-online-tools-to-calculate-tax-liability-3965827/ The Income Tax Department provides a free tax calculator on its official website. It is considered the most reliable as it is directly