The last date to file Income Tax Return (ITR) was 16th September 2025. Today's Ask Wallet Wise query decodes can one file ITR after the due date, particularly if one wants to opt for a presumptive ...

Under Section 44ADA of the Income Tax Act, 1961, an assessee opting for presumptive taxation is not required to maintain books of account, provided income is declared at 50% or more of gross receipts ...

A young platform engineer from a tier-3 college has ended his dual remote roles after a pay hike from his US employer pushed his annual income near ₹75 lakh. Staying below this threshold allows him to ...

The new law reorganizes provisions and introduces clearer section mapping for business income. It simplifies compliance while retaining core taxation ...