Business or Profession

Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant under Section 44AB for computing Profits and Gain of Business and Profession. 1. Following Business required to get their Accounts Compulsory Audited by CA under Section 44AB (1) Person carrying on business to get his accounts audited if his total […]

Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method under Section 44AD, 44ADA, 44AE has been described with examples. 1.  Special Provisions for computing profits and gains of Any Business [Section 44AD] (excluding the business covered under Section 44AE) (1) Eligible assessee engaged in an eligible business allowed