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section 44AE

Latest Articles


Tax Treatment of Income from Salary in Brief

Income Tax : Treatment of income from different sources Each income has different source of earning and so the provisions for its taxability. I...

September 5, 2024 334052 Views 42 comments Print

Clause wise Items reportable in Tax Audit Report (Form 3CA/3CB/3CD)

Income Tax : Understand key reporting requirements for Tax Audit Reports under Sections 44AA and 44AB, including forms, clauses, and disclosure...

September 2, 2024 10911 Views 0 comment Print

Income Tax audit under section 44AB​: FAQs

Income Tax : Learn about tax audit under Section 44AB, including objectives, requirements, forms, and penalties for non-compliance....

August 28, 2024 1260260 Views 54 comments 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 149994 Views 18 comments Print

FAQs on Maintenance of books of accounts under Income Tax Act, 1961

Income Tax : Understand who must maintain books of accounts, specific requirements for professionals, and penalties for non-compliance under In...

August 23, 2024 939 Views 0 comment Print


Latest News


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 5328 Views 2 comments Print


Latest Judiciary


Objecting income of deceased unjustified as income earned is apparent from TDS deducted: Andhra Pradesh HC

Income Tax : Andhra Pradesh High Court held that insurance company cannot object to the income of the deceased as deceased did business and ear...

September 2, 2024 231 Views 0 comment Print

Section 44-AE & Compensation: Orissa HC Modifies Award in Motor Vehicle Accident Case

Corporate Law : Read the detailed analysis of Orissa High Court's decision to revise compensation under Section 44-AE of Income Tax Act in a motor...

June 30, 2024 393 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 2094 Views 2 comments Print

Possession of transport vehicles sufficient for Section 194C TDS exception

Income Tax : ITAT Jodhpur rules that possession of transport vehicles is sufficient for Section 194C TDS exception, emphasizing the significanc...

February 9, 2024 1308 Views 0 comment Print

Revisionary proceedings not illegal when assessee remained non-compliant in explaining his case

Income Tax : ITAT Raipur held that revisionary proceedings cannot be termed as illegal or not maintainable when the assessee have not responded...

October 27, 2023 330 Views 0 comment Print


Latest Notifications


Clarification on amendment in Section 44AE of Income Tax Act, 1961

Income Tax : Which of the following has to be considered while calculating the presumptive income under section 44AE of the Income-tax Act.1961...

August 14, 2019 39225 Views 3 comments Print


Latest Posts in section 44AE

Tax Treatment of Income from Salary in Brief

September 5, 2024 334052 Views 42 comments Print

Treatment of income from different sources Each income has different source of earning and so the provisions for its taxability. Income-tax Act provides for five heads of incomes for computation of taxable income, viz., Salary, Income from House Property, Income from Business or Profession, Capital Gain and Residual Income. Provisions contained under each head of […]

Clause wise Items reportable in Tax Audit Report (Form 3CA/3CB/3CD)

September 2, 2024 10911 Views 0 comment Print

Understand key reporting requirements for Tax Audit Reports under Sections 44AA and 44AB, including forms, clauses, and disclosures for accurate compliance.

Objecting income of deceased unjustified as income earned is apparent from TDS deducted: Andhra Pradesh HC

September 2, 2024 231 Views 0 comment Print

Andhra Pradesh High Court held that insurance company cannot object to the income of the deceased as deceased did business and earned income as apparent from TDS deducted. Accordingly, compensation enhanced.

Income Tax audit under section 44AB​: FAQs

August 28, 2024 1260260 Views 54 comments Print

Learn about tax audit under Section 44AB, including objectives, requirements, forms, and penalties for non-compliance.

Presumptive Taxation Scheme: Meaning, Eligibility & Implications

August 26, 2024 149994 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 Maintenance of books of accounts under Income Tax Act, 1961

August 23, 2024 939 Views 0 comment Print

Understand who must maintain books of accounts, specific requirements for professionals, and penalties for non-compliance under Indian tax laws.

The Budget 2024, That Missed Some Pertinent Issues

August 5, 2024 1707 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.

Budget 2024 – Issues in Presumptive Taxation

July 16, 2024 5691 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 […]

Key changes and precautions taken in filing income Tax Return

July 2, 2024 2049 Views 2 comments Print

Stay updated with key changes and precautions in filing your Income Tax Return for FY 2023-24 to avoid penalties and ensure accurate reporting.

Section 44-AE & Compensation: Orissa HC Modifies Award in Motor Vehicle Accident Case

June 30, 2024 393 Views 0 comment Print

Read the detailed analysis of Orissa High Court’s decision to revise compensation under Section 44-AE of Income Tax Act in a motor accident case. Understand the implications and legal nuances involved.

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