I worked as a full-time employee for five months of this financial year (FY23) and earned ₹11 lakh. From then on, I have been working as a consultant/freelancer (non-technical) for a couple of firms ...

The new law introduces audit requirements for businesses declaring profits below presumptive rates. It removes the earlier flexibility of avoiding audit without opting for presumptive ...

Many first-time F&O traders are confused about whether they need a tax audit when they report losses. Here’s an expert clarification on how Section 44AD and audit rules actually apply in such ...

https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-what-is-the-tax-implication-for-income-from-dealing-in-options/article66292708.ece Copy I ...

Income not exceeding Rs 50 Lakh during the Financial Year (FY) Income from Salary/Pension, one House Property, Agricultural Income up to Rs. 5000. Income from Business and Profession which is computed ...

ITR Filing 2019-20: If you are not expecting to cross the gross receipt limit as per the presumptive scheme during the relevant financial year, the presumptive taxation method can save you from lots ...