Types of assessment under income tax act | Income tax filing service

In this blog we are going to discuss on types of assessment under income tax act along with Income tax filing service.

Introduction Types of assessment under income tax act – Income tax filing service, the course of assessment of ITR by the Income Tax Department is classified “Assessment”. The assessment likewise incorporates re-assessment and best judgment assessment under section 147 and 144 separately and the diverse sort of income tax assessment. Types of Income Tax Assessment: Self-Assessment – u/s 140A Summary […]

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What is the Presumptive Taxation for Business and Profession in India?

This blog provides clear explanation for the query What is the Presumptive Taxation for Business and Profession in India-with latest updates.

Section 44ADA – Presumptive Obligation Scheme for Specialists A scheme for presumptive tax assessment was introduced under section 44ADA from the FY 2016-17. Section 44ADA gives a direct procedure for tax collection for little specialists. Section 44ADA offers a scheme of presumptive tax collection from advantages and gains rising up out of reasons for living referred to under Section 44AA […]

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