Special provision for computing profits and gains of business on presumptive basis. 44AD. (1) Notwithstanding anything to the contrary contained in sections 28 to 43C, in the case of an eligible assessee engaged in an eligible business, a sum equal to eight per cent of the total turnover or gross receipts of the assessee in [...]
The Profession Tax Department has allotted new Enrollment and Registration Numbers. The new Enrollment Numbers starts with “99″ and ends with the alphabet “P” whereas the new Registration Numbers starts with “27″ and ends with the alphabet “P”.
The good news is that the Department has modified the return preparation software to include automatic calculation of tax and interest and this is available for download free of cost.Here are six steps to efile tax return?
CBDT has notified the tax forms for Asst year 2010-11. Saral II was already notifed early For Individuals and HUFs not having Income from Business or Profession ITR-2 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship ITR-3 For individuals and HUFs having income from a proprietory business or profession...