Section 44AD of the Act has a superior position vis-à-vis the other provisions of the Income Tax Act 1961. Nevertheless, Section 44AD(2) of the Act also specifically mentions that any deductions allowable under Section 30 to 38 shall be deemed to have been given full effect. Therefore, there are no specific deductions available for the assessee opting for presumptive taxation under Section 44AD of the Act.
We have all heard about the saying ‘Don’t put all your eggs in one basket’. This stresses on importance of diversification. Diversification is the most important part of your investment journey. Majority of investors generally diversify their investments across two main asset class: Equity and Debt. Of late investing in debt has become riskier than […]
Applicant contended that 20% of the amount forfeited is on account of sale of land which is a transaction not liable to GST as per Schedule III of the Central Goods and Services Tax Act, 2017 (CGST Act) which provides that sale of land is an activity or transaction, which is treated as, neither supply of goods nor service under GST.
The first essential requirement for any achievement is empowerment. The process of gaining freedom and power to do what you want or to control what happens to you is the idea of ‘SELF EMPOWERMENT’. The essence of self-empowerment is the acceptance of the fact that YOU cannot always determine what comes your way in life, but you need to equip yourself well enough so that you can steer yourself towards a more effective and fulfilling life.
In a nutshell, it is your ‘Attitude’ that determines success. You can achieve only what you think you can achieve. The attitude towards life – the strength of character of getting up after a fall, dusting yourself, and starting afresh once again – determines how successful you become
Every ‘HUMAN’ is ‘HANUMAN’. The tools are the same – just as everyone has a similar amount of ‘Time’, everyone has a similar amount of ‘Talent’ too – the key to success lies in the effective management of the tools. All aspects of our life need to be managed for us to be super achievers – our time, our mind, our talent, our identity.
We often find ourselves thinking about how to increase our customer base and in turn increase our profitability and resultant business growth.Anybody and everybody who ever got into entrepreneurship would know that doing business is an art.
Introduction – Learning the Alphabets of Language Every person desires something, however only few attain it – Probably not because they hadn’t tried hard enough, but because they did not know at that time, of any methodological way to pursue their goal. Remember your first day at Nursery school. The First time you ventured out […]
Life is simple. Or should I say ‘Life is as simple as you want it to be’. It starts uncomplicated when we are born, and then we twist and turn it so as to tangle it up in knots. It comes to a point where the very knots created by us begin to throttle us and we start gasping for air.
Evidence suggests that finding a purpose for your life may add years to it. ‘People who have a higher sense of purpose in life are at lower risk of death and cardiovascular disease’, as reported in Psychosomatic Medicine: Journal of Bio-Behavioral Medicine, the official journal of the American Psychosomatic Society, published by Wolters Kluwer.
