presumptive tax u/s 44AD

  • Income Tax

CIT(A) directed to consider rectification application against CPC adjustment u/s 143(1)(a)

CIT(A) directed to consider rectification application u/s 154 against CPC adjustment made u/s 143(1)(a) In a recent judgment, ITAT has…

2 months ago
  • Income Tax

50 % expenditure allowed from Consultancy services without proof of expenses

50 percent expenditure allowed from Consultancy services without proof of expenses in view of the provisions of section 44ADA ABACUS…

11 months ago
  • Income Tax

Increase in threshold limits for presumptive taxation u/s 44AD and section 44ADA

Increase in threshold limits for presumptive taxation schemes u/s 44AD and section 44ADA   Under the existing provisions of Section…

1 year ago
  • Income Tax

Addition for cash deposit set aside as AO accepted turnover under presumptive taxation

Addition for cash deposit in bank set aside where AO accepted the turnover under presumptive taxation ABCAUS Case Law CitationABCAUS…

2 years ago
  • Income Tax

Construction and sale of flats purchasing land amounts to civil construction u/s 44AD

Construction of flats purchasing land amounts to civil construction and profit earned thereon, are eligible for taxation U/s 44AD of…

5 years ago
  • Income Tax

No further disallowance can be made when income is computed u/s 44AD – ITAT

No further disallowance when income is computed u/s 44AD. ITAT directs AO to make assessment u/s 44AD as desired by…

5 years ago
  • Income Tax

Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business

Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business. ITAT deleted addition…

5 years ago
  • Income Tax

Applicability of section 44AD for Railway Ticket Booking agent

Applicability of section 44AD for Railway Ticket Commission Agent upheld when in addition to booking he has to arrange conveyance…

5 years ago
  • Income Tax

Provisions of Section 44AD not apply when the gross receipts is in excess of 40 lakhs

Provisions of Section 44AD not apply when the gross receipts is above 40 lakhs.  High Court remands the case back…

6 years ago
  • Income Tax

Presumptive Tax if actual profit is more. Shifting from salary to professional receipts to take benefit u/s 44ADA

Applicability of Presumptive Tax if actual profit is more than presumptive income. Shifting from salary to professional receipts to take…

7 years ago