"Hi, I am Ashiwini Ballodia from "City of Joy - Kolkata". Presently I am Managing Partner at TAXounting - Tax & Accounting Consultant, Kolkata. I am a GSTP, ATC (ICAI) and pursuing CA Final from Eastern Region of ICAI. I had worked as Audit Assistant at Shree Achi Advisorrs Pvt. Ltd., Manager for Vistar Associates, Industrial Trainee for Indian Oil Corporation Limited and as Paidup/Article Assistant for Sunil Kailash & Associates. I am always there to help you with my Knowledge because I believe that knowledge increases by sharing and not by preserving. You can also reach me at [email protected] Thanks for visiting my Profile Ashiwini Ballodia."
As the IT Return due date is near for A.Y 2017-18 now everyone is looking for tax saving by various section. Here is the option to claim additional expense that to without any additional investment of 30% for new employee’s u/s 80JJA of IT Act. This purpose behind this section is to employment generation across all sectors.
Following are the details which is required to be updated: New Registration process to facilitate effective communication between the taxpayer and department is enabled. The existing e-Filing users are required to update their profile by logging into e-Filing account.
As the Finance Act, 2016 introduced new section 44ADA for computation of profit of Profession on Presumptive basis. As I have seen many people who are unaware of this section and they are declaring their profit below the presumptive basis and their income exceeds the maximum amount not chargeable to tax. As per Section 44AB Audit of Accounts is mandatory if following conditions are satisfied
