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Section 44ADA

Latest Articles


Which ITR form is applicable for senior citizens?

Income Tax : Discover the right ITR form for senior and super senior citizens, including tax rates, exemptions, and filing conditions for FY 20...

September 14, 2024 3231 Views 0 comment Print

When Advance Tax Is To Be Paid And If Not Paid By Due Date, What Is Consequence?

Income Tax : Understand when to pay advance tax, the due dates, and the consequences of late payments, including interest charges under section...

August 31, 2024 891 Views 0 comment Print

Advance Tax under Income Tax Act, 1961

Income Tax : Understand key aspects of advance tax, including compliance, payment due dates, revisions, and liabilities. Learn who is exempt fr...

August 29, 2024 58710 Views 0 comment Print

Presumptive Taxation Scheme: Meaning, Eligibility & Implications

Income Tax : Understand presumptive taxation schemes under sections 44AD, 44ADA, and 44AE, including eligibility, computation, and maintenance ...

August 26, 2024 148605 Views 18 comments Print

FAQs on interest under section 234A, 234B, 234C and 234D

Income Tax : All about interest under sections 234A, 234B, 234C, and 234D of the Income Tax Act, including when it is charged, rates, and calcu...

August 23, 2024 1413 Views 0 comment Print


Latest News


MEF empanelment date extended – Firms under Presumptive Taxation not to submit Financial Statements

CA, CS, CMA : There is no requirement for submitting the Financial Statements i.e. Balance Sheets and Income & Expenditure Account for the appli...

October 9, 2020 1053 Views 0 comment Print

Audit U/s. 44ADA not to be counted for Tax Audit Limit Calculation: ICAI

CA, CS, CMA : ICAI decided to exclude audit conducted under section 44ADA of Income-tax Act, 1961 for reckoning the specified number of tax audi...

August 23, 2018 5307 Views 2 comments Print


Latest Judiciary


Assessment Under Section 44AD Instead of 44ADA: HC Upholds Section 263 Revision

Income Tax : Punjab & Haryana HC upholds Principal Commissioner’s revision under Section 263. Assessing Officer’s wrong Section 44ADA asses...

August 16, 2024 423 Views 0 comment Print

Personal Income Tax Return filing for FY 2023-24

Income Tax : Navigate complexities of personal income tax in India for FY 2023-2024. Learn about filing returns, responding to notices, and opt...

May 21, 2024 2040 Views 2 comments Print

No Section 44ADA Addition for Consultancy Income by 10th-Passed Assessee

Income Tax : ITAT Mumbai rules that income earned from a consultancy business, even with TDS deductions, should not be taxed under Section 44AD...

September 30, 2023 13437 Views 0 comment Print

Section 44AD: Production supervisor can adopt Presumptive Taxation scheme

Income Tax : ITAT Mumbai rules in favor of a production supervisor, declaring no illegality in adopting presumptive tax under section 44AD. Ful...

July 31, 2023 2106 Views 0 comment Print

Declaration of commission income under presumptive provisions & Double addition by CPC- ITAT refers matter back to AO

Income Tax : Pramod Kumar Tiwari Vs DCIT (ITAT Allahabad) in the case in hand, the assessee has admittedly filed the return under wrong provisi...

December 26, 2022 12414 Views 0 comment Print


Latest Notifications


CBDT amends rules pertaining to registration, approval & activities of Institutions, trusts & funds

Income Tax : The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompas...

June 23, 2023 9063 Views 1 comment Print


Latest Posts in Section 44ADA

Which ITR form is applicable for senior citizens?

September 14, 2024 3231 Views 0 comment Print

Discover the right ITR form for senior and super senior citizens, including tax rates, exemptions, and filing conditions for FY 2024-25.

When Advance Tax Is To Be Paid And If Not Paid By Due Date, What Is Consequence?

August 31, 2024 891 Views 0 comment Print

Understand when to pay advance tax, the due dates, and the consequences of late payments, including interest charges under sections 234B and 234C.

Advance Tax under Income Tax Act, 1961

August 29, 2024 58710 Views 0 comment Print

Understand key aspects of advance tax, including compliance, payment due dates, revisions, and liabilities. Learn who is exempt from paying advance tax.

Presumptive Taxation Scheme: Meaning, Eligibility & Implications

August 26, 2024 148605 Views 18 comments Print

Understand presumptive taxation schemes under sections 44AD, 44ADA, and 44AE, including eligibility, computation, and maintenance requirements for small taxpayers.

FAQs on interest under section 234A, 234B, 234C and 234D

August 23, 2024 1413 Views 0 comment Print

All about interest under sections 234A, 234B, 234C, and 234D of the Income Tax Act, including when it is charged, rates, and calculation periods.

Assessment Under Section 44AD Instead of 44ADA: HC Upholds Section 263 Revision

August 16, 2024 423 Views 0 comment Print

Punjab & Haryana HC upholds Principal Commissioner’s revision under Section 263. Assessing Officer’s wrong Section 44ADA assessment found erroneous.

The Budget 2024, That Missed Some Pertinent Issues

August 5, 2024 1674 Views 1 comment Print

Explore key issues in Budget 2024, including tax rectification delays, unjust tax rates, exorbitant TCS on foreign travel, and needed reforms in presumptive taxation.

Surprising Amendment from Budget: Introduction of Section 194T

August 3, 2024 15798 Views 0 comment Print

Learn about the new Section 194T, its implications on TDS for partners’ remuneration, and the interplay with Section 40(b) from the latest budget amendment.

Medical Professional’s Income Under Section 44ADA- Assessment Reopening!

July 16, 2024 8958 Views 2 comments Print

Learn about the Madras High Court’s landmark ruling quashing an income tax reassessment notice for a medical professional under Section 44ADA. Find out why proper classification of professional services is crucial.

Budget 2024 – Issues in Presumptive Taxation

July 16, 2024 5625 Views 0 comment Print

Budget 2024 brings into focus the complexities and challenges surrounding presumptive taxation in India, particularly under sections 44AD, 44ADA, and 44AE of the Income Tax Act. These sections, aimed at simplifying tax compliance for certain taxpayers, face scrutiny for their applicability, concessions, and implications on business operations. WHETHER THE PROBLEMS IN THE PRESUMPTIVE TAXATION WILL […]

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